Yesterday's "Business Rubbers were again the most prominent section of an active market with numerous. shares making new highs. Anglo-Javas, Langkats and Rubber Trusts were in keen demand at advancing prices while there was again a huge turnover in Kroewoeks and Java-Consols and a further rise in Ziangbes to 1440. Considerable interest was manifested in a report that the barter scheme was nearing completion. If this report is correct the effect on rubber shares must be very favourable because the creation of such a reserve must mean a 10 per cent. or 15 per cent. extra release for about one year. Naturally, any arrangement would provide that this rubber should not be thrown on the market or drawn upon unless: a special war-time emergency were to arise.
There was a better tone in the general market with a recovery in I, L Trusts to 4.85 and Yangtszes to 7.40 while Explorations were better at 6.80, Wheelocks and Intascos were firm at 38% and 83 respectively. There was a better enquiry for Ewos but Kaipings were on the soft side with business done at 31.
The Debenture market was inclined to ease with Powers and Telephones on. offer, 148.53 12.1114
Text read from the printed page and cleaned; old type leaves the occasional error.