Deflation. In the Malay States, where word of the great U.S. synthetic rubber industry presumably had not penetrated Jap censorship, native growers hopefully asked as high as $2 a lb. for their small stocks of natural rubber. With an estimated 20,000 tons of rubber believed stored near Singapore, the growers were stunned last week when British authorities set the price at 36 Malayan cents a lb. (about 17¼¢ in U.S. currency). At this price the growers were in no hurry to sell the rubber they had furtively hoarded and hidden from the...
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