New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-10-20

A MEETING OF MANUFACTURERS.
TAKING ACTION TO RELIEVE THE sTRINGENCY OF
THE MARKET-BROKERs DENYING CHARGES Oh
MANIPULATION.
The convention of the rubber manufacturers
of the United States, which assembled in this city on
Wednesday take action in regard to the nigh prices
of crude rubber, brought about by speculative
,novements continued it's session at the BOree Building
Yesterday A. spadone, William II. Furber, Joseph
Banigap. Henry L. Hotchluss and b. f. Goodrich
appointed as committee to consider lht
question Of closing the factories, reported favoraDy
order that there might be definite understanding
between the two classes manufacturers represented
I'm the meeting two papers were presented for signature
The first which was signed by all the leading manufac
turers of rubber and shoes in the country except
one bound the close their factories on Dece-
Der % and keep them closed until the price OF crude
rubber should reach point which would warrant them
in resumng The time when that point reached VIII
be determined by meeting called at the request OF hve
manufacturers Of rubber boots and shoes The other
paper was signed by nearly fourfths Of all the manu-
faures engaged in the production OF goods other than
boots and shoes The agreement bound them to reduce
their consumption of crude rubber 80 that after Nove
Der would be % per cent less than II is now, ana not
to increase the consumption until point had been
reached which would warrant their doing So That point
is TO be determined by a meeting called In the same
manner that already mentioned.
II was decided to appoint committee OF five to de-
wise plan for the organization of rubber importing
company with capital Of not less than 5o0oOOO. the
committee report meeting OF the rubber nanulac
turers when the plan has been perfected No difficulty
IA ANTICIPATED in obtaining support for this new enter
prise as nearly every manufacturer present appeared
TO be anxious invest in such company. II the plan
is carried out manufacturers will be able III great
measure to control the rubber market in this country II
not also in Europe The following preamble and resolu
lions then adopted:
HIeger nv fla ma
OF rubber advanced within the last three wears
from pound 10 81 20, and from all appear
ances VIII advance TO much higher prices without theTe
being any necessity for IT, as the article can DC oucet
al 60 cents pound and as the IaDOftfs gathering
Whereas Many of the articles manufactured from 1t
have become necessary TO life therefore, ,.,
RSOced That il is the duty OF rubber manufacturesn
this cOuny ana Europe to do an hey can 10 pIot3et te
public against continuance OF TINS gigantic speculation
R,s0Ircd That his meeting ADVISE ali manufacturers
20 and keep down the ptlce Ot manufactured
goods by adulteratlOn of them, and, In making
the necessary advance III prices, 10 advance also the
standard OF quaIty. .,, -, - -
pressed work which mad been accomplished by the
convention.
A. Earle brothers brokers in India rubber and guta
percna charged. in conjunction with william
f. Grace co.. efecting the present corner In the
rubber market they addressed ieter 10 me %
empnaiically denying the charge ana pointing our VINO
they claim the real spectators are Tine letter says
pare: ,,, A.. 800
CLIQUE OF operators. employing several brokers' VINO
have taken mis- course in order to overt attention rom
their own movements, aud by various lhurecI hieaus
through new brokers' ana otherWlse nave clIcdiatGu
stores which they know TO be false and malicious. We
further assert That there IS chque attempting 10
manipulate and control the rubber market Tor their own
pront regardless OF the manufacturing trade Oi tne
3.o77,OOO pounds shipped from faIa only dO9V V0V
pounds TO the United states while = 10000
pounds went 10 Europe Statistics show mat America
consumes twohlrds aud Europe one-talrd OF the I"a
rubber Win this in view, the motive OF those VINO con
troll Para rubber in sending fully 20 per cent OF the
shipments Europe and thus creating sTingency OF
supply III America, Is manifest"