632 



THE INDIA RUBBER WORLD 



[August 1, 1914. 



Review of the Crude Rubber Market. 



THE London market for fine Para displayed an advancing 

 tendency early in the month, a rise being established of 

 Id., which has so far been practically maintained. The 

 strength of Para qualities has been attributed to the diminished 

 receipts at the primary markets. Some advices from Brazil, 

 however, speak of lower prices being probable and comment 

 on the obstacles confronting the government in the adjustment 

 of the national finances. 



A comparison of the London prices for fine Para shows : June 

 25, 2s. 9Hd. (68.41 cents) ; July 25, 2s. \QV4d. (70.44 cents). 



While fine Para has thus gone up \d. within a month, planta- 

 tion rubber has within the same period dropped \Md., the decline 

 having been reflected in New York quotations. The exact 

 equivalents in American currency of the London quotations for 

 plantation (basis of first latex) are: June 25, 2s. 3d. (54.73 

 cents) ; July 25, 2s. \%d. (52.20 cents). 



Much attention has been directed on both sides of the water 

 to the willingness of estate owners to sell their 1915 product 

 at relatively low prices, to ensure its finding a market. Thus 

 plantation rubber has been offered at 51 J^ cents for delivery 

 first half of 1915, while any price under 50 cents would eliminate 

 any profit. Spot rubber has been quoted at notably higher 

 prices, first latex for August delivery standing at 55>^ cents. 



The London auction of July 7 included about 1,100 tons of 

 plantation rubber, which met with fair competition, while the 

 prices realized on the first day showed a reduction from those 

 of previous sale. On the second day, however, a recovery took 

 place which favorably affected the contract market. Cable 

 advices of the auction of July 21, comprising 1,(XX) tons, report 

 a gradual improvement during the sale, which closed higher 

 than it started. 



At the Antwerp sale of June 23 there were offered 259 

 tons Congos and 208 tons plantation rubber. Of the former 

 147 tons were sold, and of the latter 185 tons. The average 

 fall was about 5^ per cent. Considering the inactive state of 

 the principal markets, this result was thought relatively satis- 

 factory. Stock in Antwerp at the end of June was 345 tons, as 

 compared with 1,085 tons on June 30, 1913. For the sale of 

 July 23. 45 tons Congos and 146 tons plantation rubber were 

 announced. 



The 111 tons (mostly plantation) oflfered at Amsterdam June 

 26 were chiefly sold below recent valuations. The next sale 

 (fixed for July 29) will include 156 tons Hevea, and 11 tons 

 Ficns. 



In the Rotterdam sale of July 3, 240 tons Hcz'ca and 130 

 tons Congos, etc., were included. The Hevcas were sold and the 

 Congos bought in. 



Failing any notable demand for consumption, the Hamburg 

 market has been quiet. 



New York QuoT.\TtoNS. 



Following arc the quotations at New York one year ago. one 

 month ago, and July 31, the current date : 



P.\R.\. Aug. 1, '13. July 1, '14. July 31, '14. 



Islands, fine, new 74@ 



Islands, fine, old 



Upriver, fine, new 85@86 



Upriver, fine, old 92@93 



1 slands, coarse, new 30@31 



Islands, coarse, old 



Upriver, coarse, new 51@S2 



Upriver, coarse, old 39@40 



Cameta 37(5:38 



Caucho, upper 51@S2 



Caucho, lower 



Plant.\tion Ceylon. 

 Fine smoked sheet 



Fine pale crepe.. {-;;b/,} 



Fine sheets and biscuits un- 

 smoked 



Centr.xls. 



Corinto 



Esmeralda, sausage 



Guayaquil, strip 



Nicaragua, scrap 



Panama 



Mexican plantation, sheet.... 



Mexican, scrap 



Mexican, slab 



Mangabeira, sheet 



Guayule 



Balata, sheet 



Balata, block 



African. 



Lopori, ball, prime 



Lopori, strip, prime 



Aruwimi 



LIpper Congo, ball red 



Ikelemba 



Sierra Leone, 1st quality 



Massai, red 



Soudan Niggers 



Cameroon, ball 



Benguela 



Madagascar, pinky 



Accra, flake 



East Indian. 



Assam 



Pontianak 



Borneo III 



Borneo 11 



Borneo II 



70@71 

 68@69 



52@ 

 52@ 



52@ 

 35@ 



70@72 

 51@53 



62@ 

 60@ 



55@57 

 55@56 

 57@58 

 S5@58 

 62@63 

 50(a;55 

 40@49 



57@63 

 S6@57 



41@42 

 39@40 



38@40 



42@48 

 38@40 



2S@35 

 45@48 



45@52 



35(gi46 

 38@42 

 35(a45 

 35@40 

 48@50 

 38@40 

 25@35 

 27@32 



55@60 

 24@25 



35@70 



32@30 

 45@48 

 S5@60 



22'^@23 



56@59 

 53@S6 

 52@53 



56@57^ S4@56 



39@42 

 38@41 



35(g40 



40@47 

 36(341 

 25@35 



25@35 

 45@58 

 48@53 



45@S3 



38@47 



38@45 

 35@47 

 40@50 

 36@46 

 25@35 

 25@31J^ 



22@22K2 



35@5S 

 5^@ eVi 

 20@25 

 27@29 

 4S@ 



Neiu 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 : 



"During the first half of July the market for commercial paper 

 remained practically the same as for the past three months the 

 demand being good and rates easy, but the latter part of the 

 month the demand fell off somewhat and rates advanced a little, 

 the best rubber names ruling at 4J4(S5 per cent., and those not 

 so well known 5J4@6 per cent. 



New York Prices for June (New Rubber). 



1914. 1913. 



Upriver, fine $0.69(ffi0.71 $0.87@0.92 



Upriver, coarse 40@ .42 .54@ .62 



Islands, fine 58@ .62 .82(5; .85 



Islands, coarse 27@ .29 .3i@ .39 



Cameta 31(g .34 .40(g .43 



1912. 



$1.08(5)1.12 



.86(5; .91 



1.01@1.06 



.55® .59 



.63® .65 



