• a * * RUBBER AND THE AMERICANS.
• Rubber shares have by no means escaped the general influences affecting • markets, -though considerable resisting power has been shown. At one time, indeed, the price of rubber seemed impervious to any kind of adverse influences, but on Monday the price yielded somewhat in the face of some increase in stocks, while it is not impossible that the agitation on the part of American politicians with regard to . the price may have exerted some effect. American buyers of rubber appear to be possessed with the idea that the rise in the price of the commodity is something which can entirely be traced to the Stevenson Restriction scheme, whereas, of course, that scheme has only played a minor part. in the advance, which has been due to a host of influences of a purely natural character. Moreover, to express the point briefly, the worst- that seems to have happened to America as a result of the higher price of rubber is some decrease in the profits of individual concerns, while in the aggregate .the effect has been slightly to diminish the great excess of exports over imports enjoyed for so many years by the United States.
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