Word: rubbering
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This is the current rubber situation as it affects this country...
...consumes 75% of all the latex (sap) milked from rubber trees throughout the world. Great Britain, with Dutch assistance, controls the world's rubber supplies and, through its (Sir James) Stevenson Restriction Plan, the prices of crude rubber...
...Stevenson Plan went into effect in Malay States, Straits Settlement and Ceylon on Nov. 1, 1919. Rubber had sold as low as 11½c a pound in 1921, well below production costs. The Plan immediately restricted output to 60% of tree capacity. Every three months restrictions were to be tightened or relaxed according to prices at the London rubber market. Thus production went down to 50% Nov., 1924, through Jan., 1925. Last February all restrictions were lifted. Rubber prices were amply high...
...present the price gauge is 42c a pound. But rubber has been selling slightly below this. So restrictions of 20% were again enforced a fortnight ago (TIME, Nov. 1) to endure at least through January...
Restrictions. Emphasis was given to Secretary Hoover's fulminations against European restrictions on the export of raw materials, last week, by an announcement from the British Colonial office that their policy will be continued for another year with respect to restrictions on the rubber exports from Malaya and Ceylon. Ergo, U. S. consumers will pay a higher price for rubber...