May I, 1901.] 



THE INDIA RUBBER WORLD 



261 



REVIEW OF THE CRUDE RUBBER MARKET. 



THE record of the month is one of constant rise in prices, 

 coincident with increased buying on the part of manu- 

 facturers. Those manufacturers who had refrained 

 from buying in the hope that the marlcet would decline 

 still further than the lowest level reached in March, thus al- 

 lowing their stocks to become very much depleted, came into 

 the market during April, both to cover pressing requirements 

 and to protect themselves against a possible extreme advance. 

 Some others, who were regarded as having liberal supplies, 

 have been buyers, doubtless for the second reason mentioned. 

 A few weeks ago rubber was quoted at Para at prices above 

 those rating at New York and in Europe, and the advance 

 which has occurred in the consuming markets has been at a 

 corresponding rate. In this connection reports are current of 

 considerable short sales for future delivery, followed by failure 

 to cover contracts. Prices of Centrals and Africans have shown 

 an upward tendency, in sympathy with Para sorts. 



From Europe there are reports of a good demand, and a firm 

 market at the higher prices. At the Antwerp sale on April 16 

 most of the rubber ofTered found buyers, at an average advance 

 of about 6'ys cents per pound over valuations. 



The arrivals at Para throughout the crop year have been less 

 than for the corresponding months of last year, though com- 

 paring favorably with the best years previous to that date. The 

 figures following show the receipts from July 1 to April 30, re- 

 spectively, except in respect to the present year, the record for 

 which is brought down only to April 27 : 



1900-01. 1899-1900, 1898-99. 1897-98. 



Tons 22.950 23,450 22,885 21,365 



Our Para correspondent writes: " Receipts here as well as 

 at Manaos will decrease rapidly during the remainder of the 

 crop season, and this, together with the improvement in the 

 reports from the consuming centers, is a feature of consider- 

 able satisfaction to the receivers, who, however, are affected 

 unfavorably by the high price of exchange." 



Quotations in New York on April 29 were: 



PARA. 



Islands, fine, new 90 @gi 



Islands, fine, old 92 @93 



Upriver, fine, new....g2 @93 



Upriver, fine, old 94 (0195 



Islands, coarse, new.. .58 @59 



Islands, coarse, old... @ 



Upriver, coarse, new. .65 (366 



Upriver, coarse, old. . .66 ©67 



Caucho(Peruvian)sheet 52 @53 

 Caucho (Peruvian)strip 



none imported now. 



Caucho (Peruvian) ball 59 @6o 



CENTRALS. 



Esmeralda, sausage. . .57 @58 



Guayaquil, strip 54 @55 



Nicaragua, scrap .. . .56 @57 



Mangabeira, sheet. . . .44 ©45 

 EAST INDIAN. 



Assam 75 ©76 



Borneo 36 ©46 



Late Para cables quote : 



Per Kilo 



Islands, fine, 5$450 



Islands, coarse 2$550 



Exchange 



AFRICAN. 



Tongues 47 ©48 



Sierra Leone 64 («)65 



Benguella 59 @6o 



Cameroon ball 48 @49 



Flake and lumps 35 ©36 



Accra flake 18 ©19 



Accra buttons 53 ©54 



Accra strips @ 



Lagos buttons 53 @54 



Lagos strips © 



Liberian flake © 



Madagascar, pinky... . @ 



Madagascar, black , @ 



GUTTA-PERCHA. 



Fine grade 



Medium 



Hard white 



Lower sorts 



Balata , 



1-75 

 1.45 

 1.20 



65 



Upriver, fine. . . 

 Upriver, coarse. 



Per Kilo. 

 . 6I350 

 . 4$I50 



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

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

 as follows: 



" During April the money market has been most of the time 

 rather firmer than in March, and ruling quotations have been 

 4'A @ 5 per cent, for the best rubber names, and 5>^ @6 per 

 cent, for others, with a fair demand, mostly from out-of-town 

 banks." 



SiatisUcs of Para Rubber {Metric Tons.) 



NEW YORK. 

 Fme and 

 Medium, 



Stocks, February 28 639 



Arrivals, March 1542 



Aggregating 2i8i 



Deliveries, March 1363 



Stocks, March 31 . 



818 



PARA. 



1901. 1903. 



Stocks, February 28.. 560 1995 

 Arrivals, March 3923 31 15 



Aggregating 4483 51 10 4675 



Deliveries, March .... 3998 4080 3445 



2203 



857 



2605 

 1250 



1650 

 750 



Stocks, March 31. 485 1030 1230 



1346 1355 



900 



2@1.07 



@ 90 

 i®i.05 



75 

 77 



1901. 1900. 1899. 



World's supply. March 31 (excluding Caucho). 5168 4853 3543 



Para receipts, July i to March 31 20,494 21,880 21,365 



Afloat from Para to United States, March 31, 1408 429 2S3 



Afloat from Para to Europe, March 31 1000 1374 638 



NEW YORK PRICES FOR MARCH (NEW RUBBER.) 



1901. 1900. 1899. 



Upriver, fine 83 ©86 99 @i.05 i.o 



Upriver, coarse 59 ©60 75 @ 80 



Islands, fine 83 ©84 98 @I.04 1.0 



Islands, coarse 45 ©50 59 @ 64 71 



Cameta, coarse 53K@S4 62 '/i© 65 72 



Gold Coast Rubber Exports Smaller. 



These figures have been compiled for The India Rubber 

 ^ORLD by the comptroller of customs at Accra — the name of 

 which city, by the way, is applied as a trade name to much of 

 the rubber covered by this report : 



Years. Pounds. Value. 



In 1894 3,027527 $1,162,750 



In 1895 4,022,385 1,610,350 



In 1896 3,735-439 1,569,085 



In 1897 4,956,727 2,098,985 



1° 1898 5.984,984 2,758.337 



101899 5.572,554 2,778,655 



In 1900 3,452,440 1,640780 



The values here quoted, have been reported in English 

 money, and converted at Ss to £1. The authorities at Accra 

 inform The India Rubber World that the falling off in pro- 

 duction last year was due to the war between the British gov- 

 ernment and the natives. 



Lagos exports have also fallen off, from 5,060,504 pounds in 

 1895, to 596.332 pounds in 1900. 

 Li-verpool. 



William Wrighf & Co. report [April i]: "Fine Para. — 

 There has been an active demand both spot and forward at 

 rather easier prices, but at the close there are increased signs 

 of firmness. The position has been somewhat peculiar on the 

 one hand ; the heavy Para receipts have all been bought up at 

 prices considerably over those ruling here and in New York, 

 while here prices have gradually declined. The chief buyers 

 in Para have been the Americans, and present appearances 

 point to the possibility of their trying to control prices, in 



