December 1. 1920 



THE INDIA RUBBER WORLD 



219 



Review of the Crude Rubber Market 



NEW YORK 



DKi'KKSsio.N lias been the tliiniinaiit feature of the crude 

 rubber tnarket that continues to be obsessed by forced 

 hquidation of speculative and weak financial traders. Dur- 

 ing the past three months there have occurred many such failures 

 whose rubl)er commitments would have been thrown on the 

 market with disastrous results but for the generous support of 

 the large importers and dealers. 



Pronounced weakness continued throuHbout llie month, result- 

 ing in daily fractional declines tliat established the lowest prices 

 on record for standard plantation rubber, i'irst latex spot sold 

 for IS cents, and ribbed smoked sheets for 17 cents. Low 

 records were made in futures. January-^March deliveries of first 

 latex were quoted at 22 cents and ribbed smoked sheets were 20'/2 

 cents for the same position. Paras were freely offered, but 

 lacked demand. Upriver fine made a low record of 22 cents. 



While buyers have been scarce and sellers rather shy, consider- 

 able factory business has been done in a small way in various 

 future positions, and spot stocks w-ere brought in at bargain 

 prices and stored. The lower grades of crude rubber have been 

 weak with the exception of guayule that was comparatively firin. 

 Balata has shown strength due to the demand by golf ball 

 manufacturers, and the holding of supplies in primary sources. 



Until the manufacturers show a real buying interest in 

 the market there is no reason to expect other conditions 

 than the present. The change will come when tire manufacturing 

 again becomes normal and the large stocks of rubber that are now 

 on hand will be made into rubber goods. There are optimists who 

 believe that the rubber industry will be in full swing by April 1. 



'Ibc Dclober, IVJU, arrivals of 10,639 tons were the lowest 

 monthly imports in two years, show-ing that shipments are 

 being held at primary sources. It is estimated that 9,000 tons 

 will arrive in November. The imports for October, 1919, were 

 28,888 tons. For the ten months ended October 31, 1920, 203,612 

 tons were imported compared with 185,684 tons for the same 

 period in 1919. 



Spot and future quotations in standard plantation and L?ra- 

 zilian sorts at the first and last of the past month were as follows: 



Pi.ANT.vTioNS. November 1, first latex crejie. 21 to 22 cents; 

 January-March, 24^!. cents; .^pril-June, 25 cents. 



November 24, first latex crepe, 19 cents; January-March, 22^ 

 cents; April-June, 25yj cents. 



November 1, ribbed smoked sheets, 19;/ to 20 cents; January- 

 March, 23 cents; April-June, 24 cents. 



November 24, ribbed smoked sheets, 17}/. cents; January- 

 March, 21 cents ; April-June, 24 cents. 



November 1, No. 1, amber crepe, 19 cents. 



November 24, No. 1 amber crepe, 16}/ cents. 



November 1, No. 1, rolled brown crepe, 15 cents. 



November 24, No. 1 rolled brown crepe, 14 cents. 



South American P.\r.\s .and C.\ucho. November 1, upriver 

 fine, 23"/ to 24 cents ; islands fine, 19 to 20 cents ; upriver coarse, 

 15 to 16 cents; islands coarse, 15 to 16 cents; Cameta coar.se, 

 13^ to 14}/ cents; caucho ball. IS to 16 cents. 



November 24, upriver line, 21 cents ; islands fine, 19}-< cents ; 

 upriver coarse, IS}/ cents; islands coarse, 14 cents; Cameta 

 coarse, 14 cents; caucho ball 10 to 16 cents. 



h'oUowing are the New 



ago, one month ago, and 



PLANTATION HEVEA— 



I'irst latex crepe $0 



Amber crepo No. 1 . . . . 

 Amber crepe No. 2.... 

 Amber crepe No. 3 . . . . 

 .Amber crepe No. 4.... 

 Ilrown crepe, thick and 



thin 



Brown crepe, specky.... 



Brown crepe, rollefl 



Smoked sheet, ribbed, 



standard quality 



Smoked sheet, plain stand- 

 ard quality 



I'nsmoked sheet, standard 



quality 



Colombo scrap No. 1 . . . 

 Colombo scrap No. 2... 

 EAST INBIAN— 



Assam crepe 



.'\ssam onions 



Penang black scrap 



PONTIANAK— 



Banjermassin 



Palembang 



Pressed block 



Sarawak 



SOUTH AMERICAN— 

 I'.UiAS- 



Uprivcr, fine 



Upriver, medium 



TJprivcr, coarse 



Upriver, weak, fine. . . 



Islands, fine 



Islands, medium 



Islands, coarse 



Cameta, coarse 



Madeira, fine 



.\cre Bolivian, fine... 



Peruvian, fine 



Tapajos, fine .50 @ 



CAnCHO— 



Upper caucho ball .... .34 



Lower caucho ball .... .32 

 MANICOBAS— 



Ceara negro heads. . . . 



Ceara scrap 



Manicoba, 30% guar- 

 antee 



Mangabeira thin sheet. 



NEW YORK QUOTATIONS 



York spot quotations, for one year 

 November 24. the current date : 

 December 1. November 1, November 24, 



1911) 1920 1920 



,52 @ $0.21 @.22 5;o.:9 @ 



51 & .19 @ MVi® 



,50 & .18 @ .15K@ 



49 (i .17 @ .H'/i@ 



47 @ .16 @ .13^2® 



CENTRALS— 



Corinto scrap $0.34 



.47 @ 



.45 @ 



.43 @ 



.57J4@ 



.54 @ 



.52 O 



.35 @ 



.34 @ 



.49 (Ji) 



.49 ie> 



(ri 



.13 O 

 .24 @.27 

 .11 @ 



.49 0.50 



@ 

 .36 (» 

 .40 & 



.47 @.48 



.18 (3) 

 .15 @ 

 .15 @ 



.19^ia.20 



ATA® 

 .16 01 

 .15 @ 



(3) 



m 



@ 



.09 & 



@ 



.18 @ 



22 ^.23 



22 & 



#.51!^ 

 (S).51J^ 

 @ 



.51 

 .51 

 .50 



(3.35 

 @.34 



@ 



.23^ 

 .20 

 .15 

 .17 

 .19 

 .19 

 .15 

 .14 

 .29 

 .25 

 .22 

 .21 



.16 



.15 



•.18 



MO 



'.15 @ 

 >.20 @ 



@.24 



@ 



@.16 



@ 



ia.20 



(3 



.15 @ 



.15 @.14;<; 



.14 @ 



.1754® 



.16 @ 



.15 & 



.13 @ 



.12 @ 



.0754@ 

 ,08 (a> 



.07 @ 



20 @.21 



17 @ 



15^^@ 



15 @.16 



I9yi@ 



14 @ 



@.14J4 



(ffi 



@,25 



@.21^ 



@,19 



Esmeralda sausage. 



Central scrap 



Central scrap and strip. 



Central wet sheet 



Guayule, 20% guarantee 

 ( iuayule. washed and dried 

 AFRICANS— 



Niger flake, prime 



Bcnguela, extra No. 1, 



28% 



B:-ngucla, No. 2, 32!^% 



Conakry niggers 



Congo prime, black upper. 

 Congo, prime, red upper 



Kassai. black 



red 



Massai sheets and strings 



Kio Nunez ball 



Kin Nunez sheets and 



■iirings 



GUTTA PERCHA— 



liutta Siak 



Ucd Macassar 



BALATA— 



Block, Ciudad Bolivar. . 



Colombia 



Panama 



Surinam sheet 



amber 



December I, 

 1919 



&i<l.3-i'/2 

 ipM'A 



November 1, 

 1920 



.34 

 .33 

 .32 

 .22 

 .23 

 .38 



.18 



.37 

 .37 



@.32^ 

 p. 23 

 @ 

 @ 



@ 



.25 

 .37 



November 24, 



1920 



$0.12 @ 



.12 @ 



.12 @ 



.10 @ 



.07 @ 



".20 @ 



",30 @ 



.09 @ 



.16 @.16J4 



.10 @.ioyi 



.14 @ 



.06 © 



.11 @ 



.18 & 



" Nominal. 



RECLAIMED RUBBER 



The continued depressed state of the rubber manufacturing 

 industry generally, together with the unprecedented low levels 

 ruling for crude rubber, has entirely eliminated the demand for 

 reclaims and practically obliterated the market on all grades. 



Such reclaiming plants as are in operation are producing only 

 an inconsiderable fraction of their normal output. A change for 

 the better, it is thought, may come early in the approaching 

 new year. 



The following quotations are nominal and are the same as 

 reported for Septcmljcr 27 and October 26: 



