Word: rubbers
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Dates: during 1940-1949
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...fear of runaway prices." ¶ Rents, though still controlled, might be permitted to rise in some places. But not much. OPA's figures showed that landlords, even under full controls, were doing 24.9% better this year than in 1939, thanks to lower maintenance costs. ¶ Government allocations on rubber and scarce metals would continue...
Great Britain's labor government got out of the rubber business last week, thankful that it had lost only the tail of its shirt. After five years of state buying & selling, it declared that the market in rubber would be free: trading will begin next week, private buyers will import crude rubber beginning...
...prime reason for the Government's decision was that supplies far exceed expectations. There was practically the same amount of natural rubber available this year (975,000 tons) as in 1939 (990,000 tons). Estimates for 1947: between 1,112,000 and 1,412,000 tons. But another reason was that Britain has been losing money on its state trading. The Government bought thousands of tons of rubber in Malaya at 23.6/ a pound, thought rubber was scarce enough so it could keep the price pegged at this level. But the high price brought out so much rubber that...
Just what effect London's action would have on U.S. prices was problematical. As long as the U.S. Government continues buying & selling all crude rubber and controlling the synthetic rubber business, it will make little difference. But the U.S. is expected to permit reopening of the New York market early in 1947. With rubber free on both sides of the Atlantic and with supplies plentiful, prices are likely to drop further. Some guessed that natural rubber would level off around 18? a pound in 1947 (4½? under the Government's present sales price...
Some C.I.O. couturiers were already making advance showings. The oil workers, first to display last year's trend, were out with the 25?-an-hour pattern. The rubber workers liked the design, but added a penny's worth of peplum and made it 26?. The autoworkers were busy with several patterns, ranging from 20? to 35?, but they were all based on the same theme: wage increases must follow the increase in living costs. The C.I.O. thinks that by Dec. 1 living costs will have risen about 25% over last year...