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Show How Boomers Have Drawn Money Into Rubber Lands Washington, July 14. in reporting to this government on opportunities la Malaysia for rubber growing enterprises. enter-prises. Consul General James T. Du-bers Du-bers at Singapore, cited art Instance to show, bow the Investing public Is sometimes taken In In the exploitation exploita-tion of the rubber Industry there; ' : "An estate was sold to promoter for $150,000. The syndicate .got an ' old planter, who knew the estate, to put a flotation value on It. He named' $250,000. The promoters wc-ro not sa;-' isfied. Another expert examined and reported. HLs price was $35o,0J0. British and American gjld wag ppr-into ppr-into the country and the getrlch-QuJck getrlch-QuJck spirit was born. Another expert ex-pert waj called In. He was told of the valuations and that they were unsatisfactory. un-satisfactory. He valued the estate at $500,000. Just at this lime rubber took u big Jump in the Indon and Now York markets and another expert ex-pert wa asked to report and he plac-ed plac-ed the" flotation price at SToO.OOO and the syndicate, in order to have it la round numbers, made it an even $S0o. 000 and floated it at this price. People Peo-ple fought for the stock, the share Issue was oversubscribed and many of them immediately sold at a good advance. All this was done within a few months without the slightest improvement im-provement on the property except the natural growth of the few hundn.J-acres hundn.J-acres of para plants, which had recently re-cently been planted." Trained white supervisors on t,h ; rubber estates are in demand, the con- i sill general reports, and ther,e ls a scarcity of labor and consequent high wages. |