QUOTAS FIXED
Exports of Rubber and Tea market reactions (Received 1, 1 p.m.) LONDON, Nov. 30. The International Rubber Committee has decided to cut the quota for the first quarter of 1938 to 70 per cent. The decision was received with lively satisfaction on the market, and resulted in an outburst of activity, rubber shares rising and the prices of the commodity jumped to 7|d. The tea quota has been fixed at 92J per cent. of the standard export, which represents an increase of five per cent. The market was surprised at the decision as it was expeeted that the increase would be only 2% per cent. The stock markets are easier and business is being conducted on a smaller scale. The irregularity of the Wall Street market has restricted activity in industrials, but gilt edges are firm. v
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Bibliographic details
Hawke's Bay Herald-Tribune, Volume 81, Issue 58, 1 December 1937, Page 5
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139QUOTAS FIXED Hawke's Bay Herald-Tribune, Volume 81, Issue 58, 1 December 1937, Page 5
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