Word: rubber
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Dates: during 1930-1939
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Periodically since the War, rubber-minded Britons have been concerned about their position as the world's big caoutchouc-keepers.* Their first attempt to control production failed miserably in 1928, partly because the Dutch were not in on it, partly because the price of rubber was stretched to a fantastic...
With production restrictions off, with the demand for rubber declining, prices dropped with a thump far below the cost of production. In 1932 rubber sold as low as 2 3/8? per Ib. It has bounced continually upward with only one rebound since the International Rubber Regulation Committee, representing producers of 98% of the world's rubber supply, came into existence in June 1934. In the past year and a half the price has doubled, springing over the 25?-per-lb. mark last week for the first time since March 1929, despite the fact that the International Rubber Regulation Committee...
...precise Sir John Campbell, economic and financial adviser to the British Colonial Office. Whatever Sir John's first considerations were as he walked into the highceilinged committee room in Brettenham House next to Waterloo Bridge, the problem at hand was essentially one of trying to keep skyrocketing rubber prices from knobbling the British armament race without jeopardizing anticipated profits in rubber, which will help Great Britain's balance of international payments. Result I was that the committee cautiously sanctioned an increase in production for the third quarter of 1937 from 85% to 90% of basic quotas favorable...
Although U. S. rubbermen use one-half the world's rubber, they have nothing to say about production, which is largely in the hands of the British, the Dutch and the French. Sitting in at Brettenham House...
...Brettenham House, he speaks only when spoken to. last week, entitled to speak only when spoken to, was President Albert L. Viles of the Rubber Manufacturers Association, which is the nearest thing to a trade "institute" individualistic U. S. rubbermen will tolerate. Had he been asked, Mr. Viles would have told the committee that U. S. rubber consumption was currently running 16% ahead of last year while rubber stocks on hand have dipped below the 200,000-ton mark for the first time since 1930. At the end of last year each of the Big Four U. S. rubber companies...