170 



THE INDIA RUBBER WORLD 



[December 1, 1912. 



Review of the Crude Rubber Market. 



THE fall in value of fine Para in London, which had marked 

 the latter part of October, bringing the price to 4,f. 6d. on 

 October 26, made farther progress during the closing days 

 of that month and the opening days of November. By the 6th it 

 had reached 4^. 3}id., when the tide turned, the price of 4s. 5d. 

 being established on the 7th. 



During the succeeding portion of the month it ranged from 

 4s. 4-34 rf. to 4.f. 6d., thus keeping within a narrow margin and 

 reaching 4s. 5d. on November 25, at time of writing. 



While Para thus recovered only part of the fall which had 

 taken place, plantation rubber advanced in the four weeks from 

 4s. ly^id. to 4,r. 2V^d., having in the interim touched 4,f. Srf. A 

 month ago fine Para stood at 4s. 6d., while pale crepe was at 

 4s. Zyid. At time of writing the prices are respectively 4.y. Srf. 

 and 4.f. 3-Krf., a closer approximation being thus indicated. 



In contrast with the two preceding fortnightly London auctions 

 which averaged about 900 tons, that of November 5 only included 

 720 tons. The tone was firmer, the decline having been partially 

 arrested, and prices being only Irf. below those of last auction. 

 At the decline a good demand was created, which checked the 

 downward tendency. 



The second London November auction took place on the 19th, 

 when 7S0 tons were ofifered. Although demand was not active, the 

 improvement established in the outside market led to an advance 

 at the opening of 2}4d. per pound on the prices of the previous 

 sale. A slight reaction took place on the second day. 



While the recent political complications and the stringency of 

 money affected the tone of the .\ntwerp sale of October 22, it 

 was generally satisfactory in character. Of the 503 tons offered, 

 406 were sold; the average fall being about 3J4 per cent. Congo 

 descriptions formed 75 per cent., and plantation 20 per cent., 

 the balance being composed of various grades. At the sales of 

 November 14, 315 tons Congo and 114 tons plantation were 

 oft'ered. Sales made were at an advance on valuations of about 

 %d. per pound. 



The Havre sale of October 20 was marked by reduced demand, 

 but 27 tons Congo were sold with an average fall of about 5 

 per cent. Owing to the reserve of sellers only about one-half 

 of the 33 tons offered at Rotterdam, November 12, was sold, 

 averaging slightly under valuations. 



At the Amsterdam sale of November 15, about 40 tons were 

 sold, chiefly Hevea; mostly at steady prices. 



Messrs. Hecht, Levis & Kahn's statistics for end of October 

 show visible supply as follows : 



1911. 1912. 



Tons. Tons. 



Para grades 6,862 5,225 



Medium grades 2,439 3,976 



9,301 



9,201 



New York Quotations. 



Following are the quotations at New York for Para grades, 



one year ago, one month ago, November 30 — the current date: 



P.\RA. Dec. 1, '11. Nov. 1, '12. Nov. 29, '12. 



Islands, fine, new 93@ 94 99@100 95@ 96 



Islands, fine, old 96@ 97 



Upriver, fine, new 1030104 105@106 106@107 



Upriver, fine, old 107#108 113@114 



Islands, coarse, new 58@ 59 54@ 55 54@ 55 



Islands, coarse, old none here 



Upriver, coarse, new 89@ 90 83@ 84 82@ 83 



Upriver. coarse, old none here 



Cameta 60@ 61 5S@ 56 55@ 56 



Caucho (Peruvian) ball 89@ 90 82@ 83 81@ 82 



Caucho (Peruvian) sheet.... none here 



Plantation Para. 



Fine smoked sheet 117«?118 108@109 111@112 



Fine pale crepe 118@119 102@103 106@107 



Fine sheets and biscuits 113@114 100@101 10S@106 



Centrals. 



Esmeralda, sausage 83@ 84 T7@ 78 78@ 79 



Guavaquil, strip none here 



Nicaragua, scrap 82@ 83 77@ 78 77@ 78 



Panama none here 



Mexican plantation, sheet 



Mexican, scrap 81@ 82 76@ 77 76@ 77 



Mexican, slab none here 



Managabeira, sheet 62(S) 63 



Guavule 47@ 48 57@ 58 58@ 59 



Balata, sheet 86@ 87 82@ 83 



Balata, block 55@ 56 54® 55 



.'Vfrican. 



Lopori, ball, prime 101@102 96@ 97 98@ 99 



Lopori, strip, prime none here 



Aruwimi 100(©101 87@ 88 87@ 88 



Upper Congo, ball, red 96ra; 97 97@ 98 



Sierra Leone, 1st quality .... 84@ 85 95@ 96 



Massai, red 85@ 86 95@ 96 98@100 



Soudan. Niggers 81@ 82 



Cameroon, ball 63(5) 64 



Benguela 62@ 64 73@ 74 



Madagascar, pinkv 75(5) 76 



Accra, flake ....'. 27@ 28 25@ 26 2S@ 26 



Pontianak 5^@ 



East Indian. 



.\ssam none here 



Pontianak 5? g . . 6Ys, . . 6->4@ 7 



Borneo none here 



Late Para cables quote : 



Per Kilo. Per Kilo. 



Islands, fine 4$000 Upriver, fine 5$500 



Islands, coarse 2$250 L^priver, coarse 3$70O 



Exchange 163/8d. 



Latest Manaos advices : 



Upriver, fine 5$50O Exchange 16 5/16d. 



Upriver, coarse 3$7(X) 



African Rubbers. 



New York Stocks (in Tons). 



October I, 1911 67 May 1, 1912 62 



November 1 45 June 1 94 



December 1 60 Julv 1 62 



January 1, 1912 58 August 1 85 



Februarv 1 150 September 1 156 



March i 90 October 1 89 



April 1 80 November 1 90 



Ne'w York. 



In regard to the financial situation, Albert B. Beers (broker 

 in crude rubber and commercial paper. No. 68 William street. 

 New York) advises as follows: "During November the 

 market has continued about the same as in October, the 

 demand for paper being light, and almost entirely from out- 

 of-town banks, rates ruling at 6@6!4 per cent, for the best 

 rubber names and 6j-<@7 per cent, for others." 



New York Prices for September (New Rubber). 



1912. 1911. 1910. 



Upriver, fine $1.10 (5] 1.22 $1.13 (Si 1.20 $1.55 (?5 1-90 



Upriver, coarse 87 rS' .95 .94 (a) .99 1.22 @ 1.42 



Islands, fine 1.07 @ 1.13 1.06 @ 1.12 1.50@1.82 



Islands, coarse 55 (g .59 .62® .64 .90® .92 



Cameta 61 @ .67 .66 @ .68 .90 @ .98 



NEW YORK PRICES FOR OCTOBER (NEW RUBBER). 



1912. 1911. 1910. 



Upriver, fine $1.04(51.11 $1.00@1.12 $1.37@1.50 



-- • "■ - "' .90® .96 1.02@1.20 



.96@1.07 1.20@1.46 



.56® .63 .73® .90 



.60® .66 .75® .89 



Upriver, coarse 81® .86 .90® .96 1.02@1.20 



Isfa. 



siands, fine 

 Islands, coarse 

 Cameta 



.81® .86 

 .99® 1.06 

 .53 (S .56 

 .56® .61 



