Business & Finance: Caoutchouc Capers

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 $1.21 per Ib.

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...

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