The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-04-03

year the tree reaches its maximum ADD
oAn DO counted upon for q regular yield
nom that Tina on. Information regard
ina any Of thess. companies IL easily
Obtained. Statistics are being published
by several rosponsl bio people IA London
a1d one may take the figures and work
o1a what results may be expected from
year to year.
Locking over the s,Atizsics in a general
way h viii be noticed thai the largest
planting took place in l0Oi. 'O5 and ".
iheredofo q maximum crop will probably
ns obtained about 1919. CeylOn and
the Malay Peninsula produced last year
ABOUT y 10 tons. " ~ a fairly sure e~ti-
mate that they ~ produce s,OOO tons IA
1910. and q ~ pet cent increase yearly
- practically assured. la 1915 and 1910
me crop VIII apprO XiInate uO,UO tons.
Shlch ~ to-day's prices would bring
sA00 Gun. dnn
"A great many articles have been
printed In the new zpApers To the effect
that the rabhsr boom. ~ called. - a
wildcat speculation - SORT of South Sea
bnobIs that must sooner OF later result
dlsAstrously. A = matter VI fact almost
All Of theas companies have a foundation
Of actually ytelding trees, while each yea,
more than doubls the presont nhmoer Nu'
come INTO bearing. In that respect run
oer 10 not Ike . mine. which h hound to
faai a. come time or other. while rubber
treas once yielding will always hear
and 90 far there h. no siRn OF any pest OF
pesiilsnce which may destroy them
HerU are some facts that bear out the
ylelding possibilities l have referred 10
Thore 10 ons company that has capital
Of Gieo. 900 divided into shares OF two
shillings fully paid. ln 1913 Its Produc
ton OF rubber WAS 81 .5D pounds. Ia
1907 it was IA. rs pounds and IN lvOs q
was 500 pounds. When they mace
-. a 81 AsRan
on 100000 pounds. Later this estimate
was revised TO tTO. OoO pounds. The az
tual crop turned out To be Slo. ~ pounds
Nov I saw IL computed that II the com
pany were TO sell its estimated outpui
Fer te.s - oaly nine -hiliing@ a nonnfi
IL would net more than the total capital
Of the company. IL will occaHton no
surpries to mention that this company :
shares are selling IN the London market
At 81 shillings. sixteen times thelr par
vAlns.
Then there 10 another company which
has ,. ia. 600 trees under cultivation. ia
shares have q par value OF Al each. but
thew are selling for about Ei2. The esti'
mated Yields Of its plantations are: foi
1870 $50 600 pounds; ieii. 1, so. 900 pounds
Ipl2 > 500 600 pounds, and 1913. tyOOo.OO,
pounds. This last yield at 81 pound
would produce four times the Origina
capital OF the company,
WneNuHF pFCBrnt pIhcCA W 80
Der will hold for any length OF time no
body knows. Il 10 q fact that sooner OF
later "a the production Of Ceyion rubbeI
increases 10 must affect tho prices. bu'
fluctuations in prices will not affect this
sound companies. Even lower price.
these Csylon companies would not Tee
apprec.shIy. lever prices being overcome
by Increased production.
1T In O mistaken idea to look upon the
crude rubber industry N one that NAV
collapse simply because Il has the toun
dation Of being able TO produce a needed
commoditv ~ rs cents q pound, Which
production. 10 IN reasonably assured. can
not be affected in any way such a. d
failure Of crops. In fact 20 Tar as - knowr
there In nothing that would affect rubb"'
trees 90 they would not produce except
a wholesale catastrophe like AN earth
quake. AZ the same time, during NOV"
meats OF this kind. sound proposition
are aiways accompanied bV unrehao''
ones. and u 10 up To the public. when reli
able information ~ 40 easily obiainabie
20 determine which To avoid