520 



THE INDIA RUBBER WORLD 



[June 1, 1914. 



Review of the Crude Rubber Market. 



As it will be recalled, tine Para and plantation rubbers 

 after a long severance, both stood on April 17 in Lon- 

 don at 3s. Yid. (73.99 cents). They almost immediately 

 again parted company, standing on April 30, respectively, 

 at 2s. lIJ4d. (71.46 cents) and 2s. 7%d. (63.35 cents). Dur- 

 ing the month of May the tendency has continued down- 

 ward in both cases, the figures on May 25 (at the time of 

 writing) being 2s. 9j4d. (68.41 cents) and 2s. 4d. (56.76 cents). 

 A conservative policy has continued to mark the operations 

 of buyers, no disposition being manifested to anticipate 

 future requirements. 



The reports of plantation companies coming to Iiand in- 

 dicate a material diminution of costs under the influence 

 of last year's fall in price. These conditions have in various 

 cases led to the reinvestment of the amounts lately dis- 

 tributed in dividends. It is considered in London that the 

 statistical position of rubber is encouraging, it being esti- 

 mated that the world's present production is fully covered 

 by consumption. 



That plantation rubber is coming forward in larger quan- 

 tity than last year is shown by the fact that the London 

 auction of April 21 included 1,386 tons, as compared with 

 871 tons oflfered at the sale of April 29, 1913. The auction 

 of May 5, 1914, comprised 1,190 tons, the prices realized 

 being 2d. to 3d. (4 to 6 cents) lower than those of the 

 previous sale. Out of the total offered some 400 tons con- 

 sisted of first latex pale crepe and smoked sheet. 



At the auction of May 19 1,500 tons were put up for sale, 

 with the result of a further decline on last sale prices of 

 about 2d, (4 cents). 



The statistical position of plantation rubber was reported as 

 follows : 



1913, 1914, 



Stocks March 31 tons 2,793 3,710 



Arrivals in April 2.744 3.360 



5,537 7,070 



Deliveries in April 2,368 3,500 



Stock April 30 3,169 3,570 



Arrivals January 1 to April 30 10,503 14,340 



Deliveries January 1 to April 30 9,350 13.980 



Total shipments from Brazil for the rubber year to the 

 end of June 30, 1914, are estimated as representing a short- 

 age of 4,000 tons, as compared with the previous year. 



Returns from Amsterdam show stocks April 1, 152 tons ; 

 stocks April 30, 98 tons. Deliveries in .'\pril had exceeded 

 arrivals by about SO tons. 



At the sale of April 30 practically the whole quantity, about 

 •66 tons (mostly Hevea), was sold on the average at full 

 prices, a reduction of 3 per cent, being in some cases re- 

 corded on valuations. The ne.xt inscription sale was to be 

 held on May 27, and was to include about 135 tons, prin- 

 cipally Hei-ea. 



The Rotterdam sale of May 8 comprised about 53 tons, 

 of which 35 were Congo, etc., and about 18 Hevea. Owing to 

 the keen competition the whole quantity was sold, but on 

 the basis of 2d, (4 cents) below valuations. 



At the Antwerp sale of April 28, 343 tons Congos were 

 oflfered, of which 234 were sold slightlj' below valuations. 

 Of the plantations the whole 274 tons was practically sold 

 at an advance representing Id. (2 cents) per pound on valu- 



ations. Antwi-rp stock at end of April was 210 tons against 

 945 tons at same period last year. 



New York Quotations. 

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

 month ago, and May 29, the current date: 



Para. June 1 '13. May 1, '14. May 29, '14, 



Islands, fine, new 84@85 72@ 61@63 



Islands, fine, old 63@64 



Upriver, fine, new 89@92 74@75 70@71 



Upriver, fine, old 71@73 



Islands, coarse, new 40@4l 31@ 29@30 



Islands, coarse, old 



L^priver, coarse, new 58@59 45@46 42@43 



LIpriver, coarse, old 



Cameta 42@43 35@36 32@33 



Caucho (Peruvian) ball 58@59 4S@46 42@43 



Caucho (Peruvian) 



Plantation Ceylon. 



Fine smoked sheet 83@ 68@69 57@59 



Fine pale crepe 80@ 67{g69 57@59 



p-ine sheets and biscuits 79@80 62@67 55@57 



Centrals. 



Esmeralda, sausage 58@59 45@46 43(a44- 



Guayaquil, strip -, 



Nicaragua, scrap 55@56 40(5,41 42@43 



Panama 



Mexican plantation, sheet 43@46 



Mexican, scrap 56@57 ^i(SM 40@42 



Mexican, slab 



Mangabeira, sheet 40@42 



Guayule 



Balata. sheet 64@65 



Balata, block 46@49 



African, 



Lopori, ball, prime 53@54 49(5)53 



Lopori, strip, prime 



Aruwimi 35(5)47 



L'pper Congo, ball red 40(5) 



Ikelemba 35(245 



Sierra Leone, 1st quality 37(^40 



Massai, red 49(g52 48@50 



Soudan Niggers 40(^2 



Cameroon, ball 35(g36 25(5>33 



Benguela 31@32 



Madagascar, pinky , 



Accra, flake ....". 22@23 22@23 



Ne'O) 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: Conditions as regards com- 

 mercial paper in the rubber line have ruled about the same for 

 May as in April, there being a good demand for the best names 

 at 4@4y2 per cent., and those not so well known 5(§5j4 per 

 cent., with some of the latter going as high as 6 per cent. 

 New York Prices for April (New Rubber). 



1914. 1913. 1912. 



Upriver, fine $0.7400.76 $0.78(S0.R9 $1.12@1.18 



Upriver, coarfe 44@ ,47 ,54® ,66 .92@ .96 



Islands, fine 69® ,73 .76® ,85 1.10@1.14 



Islands, coarse 310 .34 ,370 ,41 .63@ .66 



Cameta 3S@ .37 ,39# AS ,66,® .20 



