Rubber Reserve Co., created last month by RFC, has the job of buying a 100,000-to-150,000-ton defense stockpile of rubber before Christmas at 18¢ to 20¢ a lb. Last week Rubber Reserve Co. made its maiden venture into the tough and jumpy spot-rubber market. The price moved forward to 20¢ and R. R. C., squealing, withdrew.
The bounce in the rubber market came from the Japanese. In the smelly raw-rubber markets of the Dutch East Indies and Malaya, whence comes 87% of U. S. rubber, Japs have overbid U. S. importers for weeks....
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