Rubber Boom

Para Trebled in Value in Five Years

ONE of the few things which Britain has and the United States has not, is rubber; and the two nations now have formed a company for the purpose of moving reserve stocks of rubber from British to American ownership. The company will purchase reserve stock with a minimum of 100,000 tons and a maximum of 150,000 tons for shipment before December 31. In the period of purchase and accumulation of this stock the rubber will be purchased at not less than 18 to 20 American cents per lb. c.i.f. New York for standard smoked sheet, packed in cases for bales at sellers’ option, with the usual differentials for quality, deliveries, etc.

It is interesting to note what war con ditions have done to the rubber market.

Here are quotations, over a series of years. The prices quoted are in sterl ing:—

Phara Plantationsmoked.

Per lb. Per lb.

June. 1935 5d 6 l-16d June, 1939 7*d 8 5-16d June, 1940 15|d 12|d