RALLY IN RUBBER.
Despite fresh alarms, chiefly via the United States, with regard to the possibility of a huge increase in rubber output through a new process of bud grafting, the market for Rubber shares has displayed greater steadiness and even firmness than for some little time past. Last week there was a marked increase in the deliveries, and the statistical position generally showed improvement with an increased consumption from America. At present the view is held that by the end of the year stocks should have reached much smaller proportions, and that the time is nearly at hand when the effect of the restriction scheme should be more clearly revealed. There is little doubt, however, that operators in America will do their utmost to keep down prices. The only question is how far recent tactics in that direction may have produced a Bear position tending to strengthen the market.
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