Govt.'s Release of Rubber Intervention in Tin "Unsuccessful Battery of Fire Directed at Planes Trading Reassuring Bombay. May 15.
London, April 12.
The Minister of Supply announced officially this week that he was prepared to release rubber from the government's reserve stock to replace quantities lost through enemy action The announcement includes both rubber destroyed in Great Britain by bombs and fire and rubber lost en route to Britain, Rubber thus lost in the past is covered by the new move. says Mr. H. Heyman in the "New York Times.
Naturally. he announcement stopped the rise in the British price of rubber. which was supported largely by replacement purchases for rubber lost and sold against forward contracts.
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