November i, 1908.] 



THE INDIA RUBBER WORLD 



79 



THE COTTON GOODS MARKET. 



■ I 'HE season's contracts for hose and belting duck have been 

 •*• consummated at prices much lower than those of last season. 

 From what can be learned at this time, it would seem as though 

 the demand for the coming season will be extensive. The rub- 

 ber shoe trade have contracted for a sufficient quantity of 

 fabric to carry them well into next season. 



The manufacturers of automobile tires have had an exceed- 

 ingly prosperous season, and in anticipation of greatly increased 

 business for next year have contracted ahead for Sea Island 

 and Egyptian fabrics. The expected demand for the coming 

 season will probably render the supply inadequate. 



Indications from what must be regarded as a competent 

 source foreshadow higher prices and smaller crops. It is claimed 

 that 75 per cent, of the yield for 1908 has already been gathered 

 in four Southern states, and that the supply from the present 

 outlook will hardly equal the call. The quality of this season's 

 offerings are said to be superior to those of last season. 



Speculative cotton is active, as prices are sufficiently low to 

 stimulate vigorous trading. In the event of expected increased 

 post-election rubber business, it is very probable that orders 

 largely in excess of those covered by contract will be placed 

 long before the expiration of the contract period. 



The demand for cotton for New England mills has been 

 larger of late than for many months past. 



Review of the Crude Rubber Market. 



BKGINNING early in the past monlh, there has been a 

 steady advance in prices, extending to practically every 

 grade on the New York market. There have been rumors 

 of "short sales" in England, particularly of Para grades, with 

 the usual concomitant of stiffcr prices at settling time. The 

 statistical position of rubber, however, would seem to point to 

 a higher normal price level than has prevailed for some time 

 past, especially as the trade looks forward to increased activity 

 of the rubber factories in the near future as a necessity. Manu- 

 facturers have not been active buyers at the advanced prices, 

 orders coming principally from the class who do not keep large 

 stocks at factory, and are therefore obliged to buy constantly 

 to cover their requirements. 



The monthly inscription sale at Antwerp took place on Oct.iber 

 20, when most of the 540 tons offeTed found buyers at an ad- 

 vance reported as averaging 90 centimes per kilogram, or nearly 

 8 cents per pound. 



Arrivals at Para during October (up to the 28th) amounted 

 all told to 3.100 tons, against 3,200 tons for the whole of October 

 last year. Arrivals for the crop year have been 8,655 tons, against 

 8,480 tons for the same months in 1908, 8,630 tons in 1907, and 

 8.530 tons in 1906. 



The decline in the price of Brazilian rubber durini> the past 

 year has had a depressing effect upon the revenues of the rub- 

 ber producing states, all of which levy an ad valorem export 

 duty on the product. There are no exact figures as to the 

 effect on the regularly organized states, but returns have been 

 published for the Federal district of the Acre, which show the 

 revenue from rubljer for the first quarter of 1908 to have 

 been only 4,226,274 milreis, against 6,408,962 for the first quarter 

 of 1907 — a decline of 34 per cent. The smaller sum named 

 here, converting the milreis at 15 per cent., equals $1,288,708, 

 gold. 



Following are the quotations of New York for Para grades one 

 year ago, one month ago, and October 30 — the current date : 



P.\R.^. Nov. I, '07. Oct. I, '08. Oct. 30. 



Islands, fine, new 91® 92 94@ 95 I03@io4 



Islands, fine, old none here none here 108 



Upriver, fine, new 99(0)100 I02fa!i03 i09@iio 



Uprivcr, fine, old 105^106 io6(a}ioy ii2(ajii3 



Islands, coarse, new 56^f7i 57 46@ 47 53!4@ 54 



Islands, coarse, old none liere none here 60 



Upriver, coarse, new .... 84® 85 72® yz 83® 84 



Uprivcr, coarse, old none here 74® 75 none here 



Cameta, coarse 52® 53 55® 56 



Caucho (Peruvian), sheet. 62® 63 53® 54 59® 60 



Caucho (Peruvian), ball.. 80® 81 63® 64 77® 78 

 Ceylon (plantation), fine, 



sheet Ii3@ii4 ios®io6 Ii8@ii9 



African. 



Sierra Leone, ist qual- Lopori ball, prime . . . .9i@92 



ity 87®88 Lopori strip, prime. .. .76®77 



Massi, red S-'f/SS Madagascar, pinky ....77®78 



Benguella, red 47@48 Ikelemba none here 



Accra,, flake i9®20 Soudan niggers 58@59 



Cameroon ball 53@S4 



Centrals. 



Esmeralda, sausage 69@7o Mexican, scrap 69@70 



Guayaquil, strip 54®SS Mexican, slab S3@54 



Nicaragua, scrap 69®7o Mangabeira, sheet 43@44 



Panama S3@S4 Guayule 30®3i 



East Indian. 



Assam _ 86®87 Borneo 27@34 



Late Para cables quote : 



Per Kilo. Per Kilo. 



Islands, fine 4$9O0 Upriver, fine 6$20O 



Islands, coarse 2$20O Upriver, coarse 4$2oo 



Exchange izy/22d. 



Latest Manaos advices : 



Upriver, fine 6$2oo 



Upriver, coarse 4$200 Exchange 15 y/z^d. 



Statistics of Para Rubber {Excluding Caucho). 



New York. 

 Fine and Total Total Total 



Medium. Coarse. 1908. 1907. 1906. 



Stocks, August 31 tons 86 43= 129 240 147 



-Arrivals, September 732 434= 1 166 593 723 



Aggregating 818 477 = 1295 833 870 



Deliveries, September 770 446= 1216 660 777 



Stocks, September 30... 



31: 



93 



79 173 

 Para. England. 



1908. 1907. 1906. 1908. 1907. 1906. 



Stocks, .August 31 ions 305 290 376 375 625 790 



Arrivals, September 2100 2230 1565 710 600 460 



Aggregating 2405 



Deliveries, September 1965 



Stocks, September 30. 



2520 

 1948 



1941 

 1491 



108s 

 800 



1225 

 675 



440 



1250 

 550 



700 



1906. 



1876 



286s 



485 



218 



415 



2 450 28s 550 

 1908. 1907. 



World's visible supply, .September t,o. . . Jons 1831 2383 



Para receipts, July I to September 30 4870 4720 



Para receipts of Caucho, same dates 840 610 



.-Afloat from Para to United States, Sept, 30. . 1060 383 



.''ifloat from Para to Europe, Sept. 30 920 705 



London Auctions, 



OcTOjiEU 2. — At to-day's auction about 34^/2 tons Straits and 

 19 tons Ceylon plantation were offered and for the most part 

 sold. This rubber was in good demand and sold well, generally 

 at higher prices. Rosehaugh crepe sold up to 4s. 8'/id. [^:$i.i4], 

 and 5 cases Warriapolla biscuits at 4^. iid. [=$1,192-3]. Fine 

 hard Para brought 4s. 3;/. d. [=$1.04}/^] per pound. 



October 16. — About 35 tons Straits rubber and yYz tons Cey- 

 lon were offered at to-day's auctions and practically all sold, 

 with good competition. The average price for sheets and bis- 

 cuits was 4s. Slid. [=$1,143/2] ; crepes met a good demand and 

 very fine lots realized up to 5s. [=:$l.2i 2-3] ; brown and dark 

 sold well ; scrap also a little dearer. Fine Para sold up to 4s. 

 SY,d. [=$1.08/2]. 



