In 1934 rubbermen created the International Rubber Regulation Committee a cartel that represents 98% of the world's rubber producers. The I. R. R. C.'s aims are two:1) to establish and maintain a base limit to rubber planting, 2) to fix quarterly quotas on the amount of this rubber that is marketable.
Last spring, with rubber bounding over the 25¢-per-lb. level for the first time since 1929, the I. R. R. C. met in London, upped the rubber quota for the second half of 1937 to 90% of the base (TIME. March 29, 1937). Almost...
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