November i, 1902.] 



THE INDIA RUBBER ^A^^ORLD 



69 



REVIEW OF THE CRUDE RUBBER MARKET. 



AFTER a month of fluctuation the crude rubber market 

 closes firm, at an advance over the quotations in our 

 last issue, with an apparent upward tendency. Manu- 

 facturers have been fair buyers. While the sales have 

 not been of large amounts, the ordinary requirements make up 

 a considerable aggregate. There is a growing tendency among 

 manufacturers to divide their purchases throughout the year. 

 Some large consumers decline to buy beyond a certain limit, no 

 matter what inducement in the way of prices may offer. Then 

 the practice of drying rubber for a long time, making it neces- 

 sary for orders to be placed months ahead, is beingabandoned. 

 With rubber constantly reaching the market ; with so many 

 houses in position to supply rubber; with cable communica- 

 tion between all rubber centers; with the shorter term for dry- 

 ing rubber and manufacturers less disposed to be speculative 

 purchasers — large buying orders, in the old sense, are becom- 

 ing less and less general. 



Receipts at Para thus far are short. The outlook for the 

 season is a matter of doubt, though smaller receipts through- 

 out are generally predicted. The unsettled condition of the 

 Acre district, in Bolivia, is likely to stop the export of rubber 

 from that quarter — 2000 or 3000 tons — for some time to come. 

 In some other districts fewer boats and fewer supplies have 

 gone out than last year, on account, as reported, of continued 

 unfavorable trade conditions. This is not a certain basis for 

 predictions, however; last season opened with calamity stories 

 all along the Amazon, yet more rubber was marketed than ever 

 before. 



Reduced production of Paras will not necessarily advance 

 prices. Consumption remains large in the United States, but 

 the rubber industry has ceased to expand at the same rate in 

 Great Britain, and the depressing effect of recent business con- 

 ditions in Germany has not yet been wholly overcome. A re- 

 duced consumption in Europe, therefore, offsetting a reduced 

 output from the Amazon, would leave the situation of supply 

 and demand unchanged. There is no prospect of larger pro- 

 duction of rubber elsewhere. Smaller supplies are coming for- 

 ward from many districts in Africa. Arrivals at Antwerp, 

 though still large, were 698 tons smaller during the first nine 

 months of this year than for the same period of 1901, and 556 

 tons smaller than for the first nine months of 1900. The failure 

 of some of the Congo companies to make expected profits has 

 checked the extension of rubber gathering, and some other 

 companies have determined not to attempt to enlarge their 

 output for a while, but rather to improve its quality. 



The unusually large sales at Antwerp late in September 

 were mostly for American account. Such liberal purchases, at 

 advanced prices, with quotations for coarse Paras still under 

 what lately would have been called normal, indicate a healthy 

 condition of demand in the United States and a lack of con- 

 fidence that prices may be lower in the near future. 



New York quotations on October 31 were : 



PARA. 



Islands, fine, new 72 @73 



Islands, fine, old @ 



Upriver, fine, new. . . .78 ©79 



Upriver, fine, old 81 @82 



Islands, coarse, new. . .47 (§48 



Islands, coarse, old... @ 



Upriver, coarse, new. .62 (363 



Upriver, coarse, old. . . @ 



Caacho(Peruvian)sheet 52 @53 



Caucho { Peruvian) ball56 ©57 



AFRICAN. 



Tongues 43 @44 



Sierra Leone, 1st quality65 ("66 



Benguella 49 @50 



Cameroon ball 44 @45 



Flake and lumps 32 @33 



Accra flake 17 @i8 



Accra buttons 48 ©49 



Accra SI rips 51 ©52 



Lopori ball, prime. .. .66 (0)67 



Lopori strip, do . . . . 5q @6o 



@55 

 @53 

 @54 

 @45 



Madagascar, pinky... . ©70 CENTRALS. 



Madagascar, black .... @ Esmeralda, sausage. . .54 



EAST INDIAN. Guayaquil, strip 52 



Assam 53 @54 Nicaragua, scrap .. . .53 



Borneo 33 ©44 Mangabeira, sheet. .. .44 



Late Para cables (October 29) quote: 



Per Kilo. Per Kilo. 



Islands, fine 4*450 Upriver, fine 5$3O0 



Islands, coarse 28350 Upriver, coarse 3I800 



Exchange, I2.}.td. 

 Last Manaos advices (October 29) : 



Upriver, fine. 5$275 Upriver, coarse 3$275 



Exchange, li^^^d. 



NEW YORK. RUBBER PRICES FOR SEPTEMBER (NEW RUBBER). 



1907. 1901. 



Upriver, fine IaM®!^ 87 @9i 



Upriver, coarse 59 (1^62 65 @66 



Islands, fine ...71 @75 84 @8S 



Islands, coarse 46 ©48 48 (0)50 



Cameta. coarse 47 ©so 50 (§51 



Statistics of Para "jabber {Excluding Caucho). 



iqoc. 



99^2®' -03 

 70 @72 



55 

 56 



NEW YORK. 

 Kiiie and 

 Medium. 



Total 

 Coarse. iqo2. 



Stocks, August 31 tons 



Arrivals, September 



Aggregating 



Deliveries, September. 



214 

 591 



805 

 613 



7 = 221 



306 = 897 



313 = 1118 



307 = 920 



Stocks, September 30. 192 



6 = 



198 



Total 

 1901. 



523 

 500 



1023 



537 

 486 



@58 



Total 

 1900. 



566 

 609 



"75 

 725 



450 



PARA. ENGLAND. 



1902. Igot. 1900. 1902. 1901. 19C0. 



Stocks, August 31. /oils 97 190 255 1525 980 1200 



Arrivals, September . . 1640 1850 1235 719 645 310 



Aggregating 1737 2040 



Deliveries, September. 1651 1790 



1490 

 1032 



2244 



969 



1625 

 600 



1510 

 650 



Stocks, Sept. 30. . 86 250 458 



1275 1025 



860 



World's supply, September 30 



Para receipts, July i to September 30 



Para receipts of Caucho, same dates , 



Afloat from Para to United States, Sept. 30.. 

 Afloat from Para to Europe, September 30. . . 



Hamburg. 



To THE Editor of The India Rubber World: While 

 the Hamburg rubber market as a whole has not shown any 

 marked improvement of late, there has been a firmer situation 

 with regard to middle sorts, in spite of the fluctuating prices 

 for Paras. A more lively condition has asserted itself in our 

 market for Africans, caused principally by brisk inquiries for 

 future delivery from the United States. There has also been 

 evident an increased inclination to buy, not only in Germany 

 but on the rest of the continent. During the past week there 

 has been a demand particularly for Mozambique balls and 

 thimbles, red Massai, Gambia niggers, Batanga and Kamerun 

 balls, Peruvian, and Santos and Bahia sheets. The sorts neg- 

 lected have been Accra balls, Adeli balls, red and black thim- 

 bles, Matto Grosso, and West India scrap and strip. The fol- 

 lowing prices have been paid — in marks per kilogram : 



Para fine, hard cure, November delivery 7-25@7.3C 



Para medium, hard cure, November delivery 7 05(0)7 10 



Manaos Negroheads, November delivery 7-75@5-8o 



Mozambique ball, " Donde," finest 6.75@6.8o 



