August i, 1901.] 



THE INDIA RUBBER WORLD 



343 



REVIEW OF THE CRUDE RUBBER MARKET. 



OUR records show a somewhat larger export of rubber from 

 Para for the crop year closed on June 30 than in any 

 former year, indicating how futile are attempts to fore- 

 cast the output. Up to the end of the first six months 

 of the year it seemed doubtful if the figures of a few former 

 seasons would be reached. But the bulk of the year's produc- 

 tion has come in since January i. The percentage of each 

 year's crop to arrive at Para before January i has been as fol- 

 lows: 



1891-93. 1S97-98. 1898-90. 1899-1900. 1900-01. 



54-7;? 5i.5;^ 44 ^f' 4I-2;.' 40.(j:.' 



The explanation of the increasing delay in the bringing for- 

 ward of rubber doubtless is that the center of production is 

 gradually receding from ParA. Indeed. Pard is no longer first 

 as a rubber market, but Mana js. The efTect of the new law at 

 Manaos, requiring all rubber produced in Amazonas state to be 

 handled at that port, has led to a change indicated by this com- 

 parison, covering the first six months of two years : 



1897, 1901. 



Rubber exports from the Amazon kilos 11,475,838 16,988,604 



Of this Manaos shipped " 4,196,315 10,412,256 



Percentage from Manaos direct 36.6 61.3 



Percentage for Para (including tranship- 

 ments from Iquitos, the Madeira river, etc. 63.4 38.7 



This change of base must have an effect in unsettling market 

 conditions for a time, though in what degree it is, of course, im- 

 possible to say. Already it has had an effect in delaying ship- 

 ments, and until an adequate telegraph system to Manaos ex- 

 ists, the handling of rubber there must be attended by certain 

 risks, in times of fluctuating markets, from which merchants at 

 Pard are exempt. 



The fact that the last rubber crop was larger than in former 

 year, even if only by a few hundred tons — a small ship load — 

 would be more encouraging, if its percentage of Caucho were 

 not so large. The total exports of rubber for the first six 

 months in each year, and the proportion of Caucho has been as 

 follows (in kilograms) ; 



1897. 1S93. l8gg. 1900. 1901. 



Total exports 11,475,838 11,160,925 9,441,988 10,530,509 16,988,604 

 Caucho 917,602 1,377,946 897,774 96i>530 3,091,970 



Caucho, of course, is a useful gum, and of value in the 

 industry, but the history of Caucho gathering is one endless 

 story of destruction of the trees. Every pound that comes to 

 market is obtained by the loss of the tree, whereas the Pard 

 rubber is the product of trees which are tapped continuously 

 year after year. The former rich Caucho districts are now ex- 

 hausted, and at the present rate the end of Caucho gathering 

 will soon be reached. 



Our quotations, presented below, as compared with those 

 last published, show a decline throughout the list, which de- 

 cline is the result of a. gradual tendency, in one direction, dur- 

 ing the entire month. It is understood that considerable buy- 

 ing by manufacturers has been doneduring the month, and that 

 not a little rubber has changed hands, although the market, to 

 outward appearance, has remained quiet. Shipments of 

 Pard grades for European consumption have continued from 

 New York, indicating a shortage in stocks on the other side of 

 the Atlantic. Cables from Para report a strong market there, 

 with little rubber in first hands, and all arrivals bought readily. 

 The usual statistical summaries are presented herewith. 



New York quotations at the close of business on July 30 

 were: 



PARA. 



Islands, fine, new St @32 



Islands, fine, old S3 (884 



Upriver, fine, new. . . .82 ©83 



Upriver, fine, old 85 @86 



Islands, coarse, new.. .46 (847 



Islands, coarse, old... @ 



Upriver, coarse, new. .60 (36l 



Upriver, coarse, old. . .62 ©63 



Caucho(Peruvian)sheet 46 (847 



Caucho (Peruvian) ball 54 @55 



CENTRALS. 



Esmeralda, sausage. . .51 @52 



Guayaquil, strip 48 @49 



Nicaragua, scrap .51 ©52 



Mangabeira, sheet. .. .41 (8)42 

 Late Para cables quote : 



Per Kilo. 



Islands, fine 5$Soo 



Islands, coarse 2$50o 



Exchange 



AFRICAN. 



Tongues 43 (^44 



Sierra Leone 45 ((163 



Benguella 50 @5I 



Cameroon ball 44 ©45 



Flake and lumps 31 ©32 



Accra flake 17 @i8 



Accra batlons 46 @47 



Accra strips @ 



Lagos buttons 45 (§146 



Lagos itrips @ 



Madagascar, pinky.. . . @ 



Madagascar, black .... @ 

 EAST INDIAN. 



Assam 60 @6 1 



Borneo 36 ©46 



Per Kilo- 



Upriver, fine 6f 750 



Upriver, coarse 4$350 



NEW YORK RUBBER PRICES FOR JUNE (NEW RUBBER.) 



1901. 



Upriver, fine 87@9o 



Upriver, coarse 62@64 



Islands, fine .. .... 84(387 



Islands, coarse 47@53 



Cameta, coarse 54(3^58 



1899. 

 97@l.oi 

 77@83 

 95@q8 

 63@66 

 65@68 



1900. 

 89(897 

 65@72 

 87@95 



47@55 

 55(M6o 



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

 in India-rubber, No. 58 William street. New York), advises us 

 as follows : 



" The general market for commercial paper has ruled rather 

 higher during July than for some two or three months pre- 

 viously, average rates for the best rubber names being 

 4/4 @ 5 per cent., and for those not so well known 5^ @ 6 

 per cent. During the early part of the month the demand was 

 very light, but has increased during the past week." 



Stocks of Para Rubber {Excluding Caucho). 



NEW YORK. 



Fine and 

 Medium. 



Stocks, .May 31 tons 810 



Arrivals, June 339 



Aggregating 1149 



Deliveries, June 357 



Coarse. 



85 = 



197 = 



282 = 

 195 = 



Total 

 iqoi. 



895 

 536 



I43I 



Slocks, June 30. 



792 



87 = 879 



Total 

 1900. 



629 

 893 



1522 

 919 



603 



Tolal 

 1899. 



447 

 431 



878 

 460 



418 



PARA. 



1901. 1900. 1899. 



Stocks, May 31 150 590 520 



Arrivals, June 526 1015 1070 



ENGLAND. 

 1901. 1900. 1899 

 1350 1675 I145 

 350 675 505 



Aggregating 676 1605 1590 



Deliveries, June 639 1445 1250 



1700 

 675 



2350 



875 



1650 

 650 



Stocks, June 30. 



37 



160 



340 



1025 1475 1000 



1901. 1900. 1899. 



World's supply. June 30 2760 3034 2204 



Para receipts. July i to June30 *27.64o *26,79t '25,355 



Afloat from Pari to United States, June 30. . 359 108 126 



Afloat from Para to Europe, June 30 460 688 300 



['Including caucho.] 



Liverpool. 



William Wright & Co. report [July i]: " Fine Pard has 

 been in moderate demand and somewhat easier rates. There 

 is no pressure to sell, but equally there is not much eagerness 

 to buy. Further reports about the new crop all predict a 



