Business: Rubber

This is the current rubber situation as it affects this country.

The U. S. 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.

The 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...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!