The Rubber Tire Trade in Germany

The Rubber Tire Trade in Germany

Our Consul-General in Berlin in a recent report sent to the State Department, which gives a general review of German trade and industries, doesn t paint the rubber tire industry in Germany in very glowing colors. Here is a paragraph on the subject taken from his report:

“In the rubber industry business was brisk throughout the year, and there was a demand from both the home and foreign markets. Competition, however, reduced the prices of many articles to such an extent that there was but little profit either to the manufacturer or to the dealer. Manufacturers of rubber tires for motor vehicles suffered greatly from this cause. To meet the radical cut of one company it is estimated that. it cost the German tire manufacturers millions of dollars. The unfavorable situation was still further accentuated by the great fall in the prices of crude rubber, which decreased the value of the stocks of raw material on hand in nearly all of the factories. Most of the companies were obliged to reduce their dividends as compared with 1910. The outlook for the present year cannot he considered bright, not on account of lack of orders, hut owing to the tendency of the manufacturers and dealers to cut prices.”

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