Evening star., 1928-11-10

Termination of British restrictions on
rubber which became effective tnls
month, is believed by Americans to as
xure permanent reduction In prices
This already has been felt by users OF
automobile tires, and the Department
Of Commerce, in reporting on the SUD-
iect has inspired public comments from
the press. In addition to the action oy
Great Britain, attention is directed 10
the fact that under compulsion OF the
inflated prices that formerly prevaileo
the limited states has developed It's own
sources which will produce results Ill
"There has been sharp recession
of prices during the past year, aHecCiiis
the British market In sympathy Will
that on this side of the Atlantic, coin-
ments the Philadelphia Evening buI.
letin, Meanwhile" continues tlla'
paper highly promising enterprises S
backed by American capltal, ARE are oT e,
Africa. Central America and the Pnlilp-
mines. so that there is a highly saIlS,
factory outlook for the supply in all
branches of industry in the future.
Thus restriction for the sake OF a
Temporary profit has laid the founda-
tion for most formidable competltlon
to the Malay and Ceylon growers IN
the near future. Probably no stranger
seouel to the policy of limiting the OUT,
put of any commodity Is on RECORD
than the fact that prices OF TupDeI
are depressed because the market Is
oversupplied." ,o,., >,
II Is pointed out by the Louisville
Courier Journal, with the suggestion
that sometimes it takes a hard plnch'
like this monopoliStic squeeze, to AWAKEN
us out of a dream of security, ana TO
stimulate our inventiveness. clearly,
American automobile owners snoulo
thank the British for giving us the
shove we needed" In explanation OF
the situation that paper remarks: with
rubber out of sight manufacturers
sought to design new types OF motor car
tires offering greater efficiency WIN a
smaller amount of rubber. the 'oal.oon
was the result. This is an old story now,
but the Department OF Commerce mas
lust called attention to the fact that the
American motorist pays $40 for his
casing today as against $1l.20 IN 1920.
Think of the saving on the 63,55OO00
tires sold in the United states last
year!"
X n n
Credit to Mr.. Hoover as head OF the
Department of Commerce is gwen Dy
| the San Francisco Chronicle, Win tne
| statement of the course OF proceeolngS'
"a national campaign was organized 10
conserve our rubber supply. LABORATORIES
worked day and night to devise metnodS
of reclaiming used rubber and to add
| to the life of the manufactured article:
especially automobile tires. Agents OF
the Government and of private enter
prise working in cooperation WIN
Hoover were sent far and wide to nno
new sources of supply and to stimulate
production in those fields OUTSIDE OF
! British control. The monopoly found
itself with a great supply of raw rubber
| on hand that it could not sell al the
| inflated price. The monopoly collapsed
But the Hoover plan has continued
busily at work to insure against any
| future attempt to squeeze American tlre
buyers and other American consumers
of rubber"
"A sigh of relief" which the Detroit
Free Press states was breathed by the
people of this country when tine BTU
| ish government announced that IL
would lift the so-called Stevenson
system of restrictions on the productlon
export and price of Malaga ana Ceylon
rubber" is recalled by the Free Press,
with the further statement "As the
consumer of three-quarters OF the
worlds total rubber supply, America
was the first Nation to raise protest
against the monopoly which the Ste
venson legislation tended to establish.
Hoover, as Secretary of Commerce, IN
itiated a program of self-protection
when he called American rubber man
ufacturers together with the object OF
pooling rubber purchases. Another de-
fensive measure was found in sys-.
tematic educational agitation designed