September i, 1901.] 



THE INDIA RUBBER WORLH 



376 



REVIEW OF THE CRUDE RUBBER MARKET. 



THE tendency of the rubber market is again upward, the 

 most marked change for several months past having 

 taking place during the latter half of August. In vari- 

 ous articles printed in this issue indications occur of 

 conditions pointing to such a change in relation to Para sorts. 

 Two immediate causes for the recent advance have been refer- 

 red to, viz. : Active buying for account of some manufacturers 

 who delayed their purchases in the hope that prices would go 

 still lower, and buying to cover " short " sales made some time 

 ago, at prices lower than now obtained in any market. The 

 demand in European markets is good, and stocks in primary 

 markets low. With regard to the effect upon the manufactur- 

 ing interest of such fluctuations as the rise witnessed during 

 the past month, it is probable that many concerns are in a 

 position to be inconvenienced much less than once would have 

 been the case. As The India Rubber World said in Febru- 

 ary last : " Manufacturers have it in their power, to a certain 

 extent, to protect themselves against some of the unpleasant 

 effects of fluctuations in prices by keeping on hand larger 

 stocks of rubber, instead of the ' hand to mouth ' policy of buy- 

 ing." There is reason to believe that this method of creating 

 an " invisible supply " — the extent of which no speculative in- 

 terest can figure on — is becoming more generally adopted from 

 year to year, and it cannot fail to result beneficially to the in- 

 dustry. Without such reserves, the consumer is at all times 

 exposed to the danger that prices may suddenly go up, with- 

 out his having time first to replenish his stocks. 

 New York quotations on August 30 were : 



PARA. 



Islands, fine, new 85 @S6 



Islands, fine, old 87 



Upriver, fine, new 89 



Upriver, fine, old go 



Islands, coarse, new.. .47 

 Islands, coarse, old. . . 

 Upriver, coarse, new. .64 

 Upriver, coarse, old. . .66 

 Caucho(Peruvian)sheet 53 

 Caucfio (Peruvian) ball 64 



CENTRALS. 

 Esmeralda, sausage. . .54 



Guayaquil, strip 50 



Nicaragua, scrap ... .53 

 Mangabeira, sheet. . . .40 

 Late Para cables quote : 



Per Kiln. 



Islands, fine. 6$ooo 



Islands, coarse 2$70o 



@go 



@9' 

 @48 



@ 



(865 



©67 



@54 

 @65 



@55 

 @5i 

 @54 

 @4i 



AFRICAN. 



Tongues 46 ©47 



Sierra Leone 47 (ffids 



Benguella 53 ©54 



Cameroon ball 46 



Flake and lumps 33 



Accra flake 17 @i8 



Accra buttons 46 @47 



Accra strips @ 



Lagos buttons 45 (0146 



Lagos strips @ 



Madagascar, pinky... . @ 



Madagascar, black .... @ 

 EAST INDIAN. 



Assam 60 @6i 



Borneo 36 ©46 



Per Kilo 



Upriver, fine. . . 7^000 



Upriver, coarse 4^400 



Exchange lojgrf. 

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

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

 as follows : 



" During August the market for commercial paper has been 

 quite steady, with a fair demand from out of town banks at 4)^ 

 @ 5 per cent, for the best rubber names, and S'A @ ^ PC cent, 

 for the smaller ones, but city banks have not been buying 

 much." 

 Para. 



A CORRESPONDENT writes : "The Islands crop for the new 

 season is reported to be a very good one, thus partially com- 

 pensating for an underproduction in the upriver districts. Al- 

 together a final decrease of 10 per cent, as compared with the 

 last crop, is anticipated." Other estimates are as high as 20 

 per cent, shortage. 



July receipts at Para, including transshipments from Manaos, 

 exceeded somewhat the estimates made in advance. At last 

 advices, however, it did not appear as if the estimated receipts 

 for August would be forthcoming. The estimate was 1500 

 tons, including 100 tons of Caucho. Receipts for the first 26 

 days of the month were looo tons, including 95 tons of 

 Caucho. 



Statistics of Para l^ubber {Excluding Caucho). 



NEW YORK. 



Fine and 

 Medium. 



Stocks, June 30 tons 792 



Arrivals, July 265 



Aggregating 1057 



Deliveries, July 423 



Total 

 Coarse, iqoi. 



87 = 



183 = 



270 = 

 180 = 



879 

 448 



1327 

 603 



Total Total 



igoo. i8q(). 



603 418 



308 371 



9H 

 413 



789 



438 



Stocks, July 31 634 



90 = 724 



498 



351 



Stocks, June 30 37 



Arrivals, July 11 15 



PARA. 



1903. 1899. 



160 350 



760 1050 



ENGLAND. 

 1901. 1900. 1899 

 1025 1475 1000 



605 675 220 



Aggregating 11 52 



Deliveries, July 937 



920 

 550 



Stocks, July 31. . . 215 370 



;400 

 1 140 



260 



1630 

 700 



2150 

 6';o 



930 1500 



1220 

 550 



670 



World's supply, July 31 



Para receipts. July i to July 31 



Afloat from Para to United States, July 31. 

 Afloat from Para to Europe, July 31 



1 901. 

 2536 

 1115 



35 

 632 



1900. 



2651 



760 



98 



155 



1899. 

 1941 

 1050 



549 



United States l^ubber Imports. 

 For fiscal years ended June 30 — in pounds : 



From. 1899. 



United Kingdom 10,735,223 



Germany I.8b7,i6l 



Other Europe 6,103,926 



Central America 1,486,783 



Mexico 324,730 



West Indies : 30 .069 



Brazil 27,464,654 



Other .South America 1,981,291 



East Indies 999,877 



Africa..- 5,734 



Other Countries 43.618 



1900. 



8,611,061 



1,750,498 



6,626,648 



1,428,224 



420.612 



12.291 



28,175,787 



1,642,191 



643-793 



66,033 



Total 51,063,066 49,377,138 



Value $31,707,630 $31,376,867 



Average, per pound 62.09 cts. 63.54 cts. 



Exports of Rubber 2,806,494 3,751,698 



IQOI. 



7.461,673 



1,673,234 



7,854,828 



1,279,099 



297,691 



45.578 



34.900,198 



I. 255.041 



466,056 



42,131 



55.275.529 

 ^28,455,383 



53-28 cts. 

 3.305,945 



Net Imports 48,256,572 45,625,440 51,969,584 



Crude Rubber Exports from Neiu York. 



DuRiNc; April crude India-rubber was shipped from the port 

 of New York, in value as follows: To Liverpool $64,033; other 

 British ports $15,053 ; Hamburg $684; Havre S800 ; Rotterdam 

 $955 ; Stockholm $1749 ; all other ports $496 ; total $83,770. 



During May, June, and July, such exports were: 



To Liverpool $276,322 



To London 01,652 



To other British ports 5,943 



To Hamburg. .. . 6r,466 



To Havre 18,396 



To Stockholm 1,003 



To other ports 4.883 $429,665 



