Financial Notes
THE RUBBER SLUMP.
Qum& the outstanding feature of the past week has been the heavy fall in rubber and in rubber shares. The fall was, of course, due to the bomb-shell in the shape of the sudden announcement by the Government to the effect that it had been decided to refer the working of the Stevenson Restriction Scheme to investigation by the Committee of Civil Research. The effect of this announcement was all the greater by reason of the fact that only a few days before there had come the official announcement by the Colonial Office that there would be no change in the percentage of restriction of exports for the current quarter. Moreover, the market for rubber and rubber shares had also been steadied a little by a greater demand for America, and, indeed, the trade figures for January showed a marked increase in American purchases of rubber.
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