The farmers' union. (Memphis, Mo.) 1891-1895, 1891-09-03
BRITISH BUBBLE BURST.
VAIN ATTEMPT TO CORNER
THE WORLDS RUBBER.
Former Experien Gives American
Manufacturers Some Pointers, and They
Very Promptly Sque"z, the l lie Out
o; Promising Scheme.


The Rubber Syndicate Collapses.
The great rubber syndicate of Para,
New York. and ondon has collapsed,
and John {. Gona!cv Wanna, al us the
Haron de Con deriZ. the b gh6 ar of the
ira ie, has once more been defeated in
an attempt t. c rrnrr tie worlds supply
of rude rubber ] his tire the loss will
tall chief y on bankers Of Rio and Lon
don who were Eyc glcd INTO the Earon'S
latest sche re The syndicate represent
ed by Mir. Wanna va organized under
the title fomrania du Gran Para, w tn
the Haron as manager. The head iuar-
tiers Of the conc, RI are in Para, with
branch offices IN London, ar S, and
New York Although the syndicate.
during the last nirc months, obtained
possession OF % per cent OF the avail
able supply of the world: the capital
said to be 81 :. 900. 900 under its control
is not sufficient to loid this and also to
hn. up the new crop now ming into
l'arn FROM the forests OF Bra il. The re-
suit is that the srnd cate cou Il not cover
it margins with the lona"n houses
with which the Earon maze his deal TWO
mOlths ago
Sin.,l, hurst & Go. and the Barring
lros. were mentioned as The principals
in tie d' al, bat there were other firms
>yHdcate. and it is they who first began
to sell.
/ he unloading of 10D tons on the
market was followed by general break,
aud rubber, whi h hat been forced up
to =, cent, hy the syndicate, fell to "a
cents, or 3, Icncc british money. 1t
was Il sever" bow to the BRAZILIAN bank
crs and l.ons!ot capitalists. When the
luhb me- chant Of til: | nitcI states
noted the lal@r Quantities al rubber
coming into lara hoy prepared for Il
break. Ticy had previously kept ont
IF The market and sod All the rubber
ti,"y had i'll stocI; Only three weeks
ago 20n tons Wee >hil ped To I.ivt rpoal
from the synd cate, the shippers acting
on tho policy Of Wig Baron d. Com
Gcriz roi enough t. hang himself.
Rubber H'ahu i tHrcr here tHriaticd
| their requirements III every = sSib'e
wa., ard son:c Of them temporarily
| Closed tier establish Thus they
prickcd the second great rubber bubble
| o a deca !c.
| The manufacturers of the United
| States were eau It b; the Paron in 1883,
| but they r;,shed him by clos ng Down
| their factories after rubber had been
| forced up from 40 cents to 81. - per
| pound, They do not suffer now by the
| col ai'ss of the willy brazilian, but tho
| English and frazilanS do When the
| iaron's bankers saw the policy Icing
| pursued by the United States importers
/, and manufacturers they called on him
| 10 cover his margins. Had the syndicate
| been alb c to carry out its plans it would
| have made many mil io::s of dollars, but
| as soon as its hackers refused to carry
| stock any longer the market as broken
| and they began to sell. tne small firm
| in London that held fifty tons called on
| the Baron to cover his margins and he
| failed to do so Then another small
| holder Nh oadrd Il like quantity. This
| was followed by PAIRING Bros. and Sin
| glehnrs; Il Co. and then tn" run on the
| market became general. Rubber fell
| from - cents to "A cents. 400 tons being
| unloaGcd at the latter figure
! At the opening Of the years business
| the out COX Of Z . nit"d states rubber
| manufacturers was not br cht, as the
| Baron $ >pe Ii atipns hal forced rubber
| mp so high that the @ was II profit 10 be
| made Even the druggists supplies and
| surgical instrument trades felt the effect
Of the Huron's nipulations Of the
| market The rubber snoc trade suffered
! most severely, as more tlam half the
crude rubber imported here Is used by
| rubber shoe men. The present decline
IS a gain tor the entire trade. and the
| Parons scheme, which was dire ted
! chiefly against our manufacturers,
INJURIES to their advantages