576 



THE INDIA RUBBER WORLD 



[July 1, 1914. 



Review of the Crude Rubber Market. 



As it will be recalled, fine Para and plantation rubbers were 

 on a level on April 17, at 3^. OVsd (73.59 cents). By May 

 25 they had dropped respectively to 2s. 9^d. (68.41 cents) 

 and 2s. Ad (56.76 cents). Up to June 23 these two quotations 

 ruled, with slight fluctuations. On June 24 plantation rubber 

 dropped from 2s. 4%d. (57.27 cents) to 2s. 3d (54.73 cents). 

 This reduced quotation was still current on June 25, while fine 

 Para maintained the price of 2s. 9.}id. (68.41 cents), which had 

 been in force on May 25, as compared with the figure of plan- 

 tation rubber at that time of 2s. 4rf. (56.76 cents). Thus, while 

 fine Para has kept its ground, plantation has dropped a penny, 

 or about 2 cents, for the month. 



Business on both sides of the water has reflected the indisposi- 

 tion of manufacturers to anticipate their requirements. When 

 they have done so, it has been at a lower basis of price than 

 was current for spot rubber in the principal markets. Thus 

 one sale was reported of 100 tons plantation rubber at 54 cents ; 

 it being remarked that American dealers are willing to take on 

 business at prices under those quoted by London operators. 



Statistical returns show that the increase in Malayan supplies 

 continues. Exports of rubber from the Federated Malay States 

 for the first five months of this year were 11,544 tons, against 

 5,836 tons and 8,476 tons for the corresponding periods of 

 1912 and 1913. Aggregate shipments of all kinds of plantation 

 rubber during the period from January 1 to I^Iay 31 were 19.866 

 tons, against 14,511 tons for the corresponding period of 1913; 

 this result showing an increase of nearly 40 per cent. 



The depreciation of rubber in the English market is illustrated 

 by the fact that while receipts of all classes of rubber in the 

 United Kingdom during the first four months of 1913 were 

 26,072 tons, with a value of $46,612,720, this year's record for the 

 same period was 26,371 tons, valued at $30,830,990. Deliveries 

 this year have been in excess of receipts. 



Imports into the United States were heavy during the month 

 of April, reaching 16,642.211 pounds as compared with 8,859.633 

 pounds in April, 1913. The totals for the ten months ending 

 with April were: 1912—93.592.190 pounds; 1913—95,854,130 

 pounds; 1914—106,295.902 pounds. 



After a postponement in consequence of the Whitsuntide holi- 

 days, the normal fortnightly London sales were resumed on 

 June 9, when about 1,200 tons of plantation rubber were 

 offered. This quantity met with fairly active competition, and 

 the prices realized did not materially vary from those of the 

 preceding sale. On the occasion of the auction of June 23 about 

 1,000 tons were brought forward ; the prices obtained being in 

 some cases somewhat above those of the preceding auction. 



The Antwerp market gradually declined during the month of 

 May, spot rubber being quoted at the end of the month about 

 15 per cent, below the level of the commencement. It would 

 seem that the lower prices had stimulated business, as trans- 

 actions aggregated 2,275 tons, against 1,370 tons for the corre- 

 sponding period of last year. Stock at the end of May amounted 

 to 356 tons as compared with 1,054 tons at the corresponding 

 period of 1913. For June 23. a sale was announced of 77 tons 

 Congo and 154 tons plantation. 



At the Rotterdam sale of June 5. the offerings amounted 

 to 55y2 tons, of which quantity about three-quarters consisted 

 of plantation rubber, which displayed a somewhat lower tendency, 

 in harmony with the market. For the Congo qualities, the low 

 prices ofTered were refused by sellers. 



Nearly the whole of the quantity of 136 tons offered at 

 .Amsterdam May 27 (chiefly plantation) was sold at ruling 

 quotations, although below valuations. A quantity of about 

 110 tons plantation rubber was announced for the ,\msterdam 

 sale of June 26. 



Hamburg reports state that during the greater part of April 

 and May consumers had kept aloof from the market ; prices 

 having given way during May. From the latter days of May 

 a better feeling was recorded, particularly as to forward business. 



New York Quotations. 



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

 month ago, and June 29, the current date : 



PAR.^. July 1, '13. June 1,T4. June 29, '14. 



Islands, fine, new 82@83 



Islands, fine, old 



Upriver, fine, new 87@88 



Upriver, fine, old 



Islands, coarse, new 34@35 



Islands, coarse, old 



Upriver, coarse, new 54(§56 



Upriver, coarse, old 



Cameta 42@43 



Caucho, upper 53@54 



Caucho, lower 



32@33 

 42@43 



Plantation Cevlox. 



Fine smoked sheet 



: near-bv. 



72@73 

 70@72 



57@59 



African. 



Lopori, ball, prime 



Lopori. strip, prime 



.\ruwimi 



L'pper Congo, ball red... 



Ikelemba 



Sierra Leone, 1st quality. . 



Massai, red 



Soudan Niggers 



Cameroon, ball 



Benguela 



Madagascar, pinky 



Accra, flake 



42@43 39^@41 



315^@32'/^ 



39(g40 



36@37 



57@59 57@63 

 56@57 

 55'^@56^ 



Fine pale crepe.... -^f^^^^.^^j^ 



Fine sheets and biscuits un- 

 smoked 70@71 55@57 56@57^ 



Centrals. 



Corinto 



Esmeralda, sausage 



Guayaquil, strip 



Nicaragua, scrap 



Panama 



Mexican plantation, sheet. 



Mexican, scrap 



Mexican, slab 



Mangabeira, sheet 



Guayule 



Balata, sheet 



Balata, block 



49@53 4S@S2 



22@23 22^@23 



