48 



THE INDIA RUBBER WORLD 



[October 1, 1913. 



Report of the Crude Rubber Market. 



AT tlic beginning of the past month the crude rubber mar- 

 ket was quiet, business being conhned to small jobbing 

 lots which changed hands at prices within c\irrcnt quota- 

 tions. Owing to the small supply on hand quotations were only 

 nominal, but prices showed a slight recovery from the low 

 figures quoted last month, .\ugust having closed with up-river 

 fine at 89 to 90 cents, Islands fine at 75 to 76 cents. 



There was no such improvement in the demand as the long 

 continued season of hand-to-mouth liuying on the part of con- 

 sumers seemed to promise. The rising tendency brought a few 

 of them into the market, but with futures still offering at a 

 liberal discount, their enthusiasm was checked and they were 

 but limited buyers; but the fact that offerings were small kept 

 the market reasonably steady. 



The continued indifference of buyers, however, brought about 

 an easier tendency on the part of holders, which reports of a 

 slight falling off in foreign quotations encouraged; and under 

 these influences up-river line went down to 84 cents, and Islands 

 fine to 71 cents. The decline was followed by a decided mani- 

 festation of interest on the part of buyers and several small lots 

 changed hands at these figures, which remained in force for 

 several days, but on a quiet market. The decline prompted a 

 suggestion that producers temporarily curtail their output in 

 order to force prices to a higher level, prevailing figures leaving 

 little profit for the planter. 



In London, the September market opened with some irregu- 

 larity, Brazilians displaying an upward tendency, while planta- 

 tion grades went down. Business, however, remained quiet and 

 steady, altho the reported existence of a large short interest in 

 plantation grades was regarded as a forecast of a possible in- 

 crease in demand. At the first of the fortnightly auctions of 

 plantation rubber, there was but little competition, and only un- 

 important changes in prices, which ruled low ; first latex pale 

 crepe bringing 2s. 6j4d. ; fair to fine smoked sheets, 2s. 9%A.; 

 clean brown crepe, 2s. ZykA. ; pale gristly, 2s. 7d., and unsmoked 

 sheets and biscuits, 2s. 6j4d. 



Prices for up-river fine and plantation crepe at the closing, 

 as given in this publication for the past five months, with the 

 difference in price between these two grades of rubber, are shown 

 in the following table : 



Upriver 

 Fine. Plantation. 



April 26 3s. 4^ d. 3s. 2j/'d. 



May 26 3s. 8^d. 3s. 2^d. 



June 25 3s. 8j4d. 2s. lid. 



July 26 3s. 7d. 2s. 9i4d. 



August 27 3s. 9^d. 2s. 8d. 



September 25 3s. JyiA. 2s. 4d. 



Scrap. — Light demand and moderate stocks, with steady prices, 

 describes the condition of the home market, which is feature- 

 less. Foreign scrap is in scant supply abroad and prices strong 

 on a firm market. 



New York Quotations. 



Following are the quotations at New York one year ago, one 

 month ago, and September 30 — the current date : 



Sept. 1, '13. Sept. 30, '13 

 77@78 71(5:72 



Difference. 

 2d. 

 6d. 

 9YaA. 

 9}/2d. 

 Is. l^d. 

 ls.3Hd. 



88(g89 



92(3 



29(230 



51@S2 



37(n38 

 50(551 



58(g 



45@47 

 56^58 



53(5154 



38(5)43 



80(S82 

 85(g86 

 29(g30 



48(g49 



36@37 

 48@49 



P.\RA. Oct. 1, '12. 



Islands, fine, new 106(gl07 



Islands, fine, old 109@110 



Upriver, fine, new 109(5:110 



Upriver, fine, old 118(5119 



Islands, coarse, new 55(5: 56 



Islands, coarse, old 



Upriver, coarse, new 84(5 85 



Upriver, coarse, old 



Cameta 59(5: 60 



Caucho (Peruvian ) ball 84(5! 85 



Caucho (Peruvian) sheet 



Plantation Cf.ylons. 



Fine smoked sheet 114(Sill5 



Fine pale crepe 107(5 108 



Fine sheets and biscuits 108(®109 



Centrals. 



Emeralda, sausage 82@ 83 



Guayaquil, strip 



Nicaragua, scrap 81(5:82 



Panama 



Mexican plantation, sheet 



Mexican, scrap 80r5' 81 



Mexican, slab 



Mangabeira, sheet 



Guayule 58(5' 59 



Balata, sheet 85(5) 86 



Balata, block 56(5 57 



.African. 



Lopori, ball, prime 107(5)108 



Lopori, strip, prime 



Aruwimi 100(S:'101 



Upper Congo, ball red 104<§10S 



Ikelemba 



Sierra Leone, 1st quality.... 93(5^ 94 



Massai, red 95@ 96 



Soudan Niggers 



Cameroon, ball 70(@ 71 



Benguela 74<5) 75 



Madagascar, pinky 



Accra, flake 26® 27 



East Indian. 



Assam none here 



Pontianak 6H@65^ 6;4@6J4 



Borneo none here 



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 : "There has not been much 

 improvement in the market for commercial paper during Sep- 

 tember from the conditions prevailing in August, the demand 

 continuing light and principally from out-of-town banks, with 

 rates ruling at 6 per cent, for the best rubber names and 6]4@(>yi 

 per cent for those not so well known." 



New York Prices for ,\ugust. (New Rubber.) 



1913. 1912. 1911. 



Upriver, fine $0.84@0.94 $1.16@1.23 ?I.09@1.17 



Upriver, coarse 51® .^3 .89® .96 .95(3 .99 



Islands, fine 746.81 1.06@1.13 1.03@1.0» 



Islands, coarse 29@ .33 .56@ .59 .61 @ .63 



Cameta 38@ .41 .64@ .68 .66® .68 



S0(@ 



40(5)42 

 45(g46 



45(g46 



35@40 



6(g6i4 



