304 



THE INDIA RUBBER WORLD 



[March 1, 1912. 



Review of the Crude Rubber Market. 



Tlili last days of Januai-y displayed in the London market the 

 influence of the conditions attending the auctions of Jan- 

 nary 30; prices receding ahout Id. below the previous level 

 of 4s. S'/id. Buyers at the sale in question were at first conserva- 

 tive in their operations, which were confined to the choicest 

 grades, only 80 tons having been sold on the first day out of the 

 500 tons offered. Owing to the recovery which took place al- 

 most immediately, about 400 tons of plantation rubber were dis- 

 posed of at the second day's sale at unchanged prices, nearly all 

 the parcels offered finding buyers. These purchases being for 

 consumption, tended to promote a healthy feeling, which was 

 further encouraged by the premium for distant fine Para being 

 maintained at Id. to 2d. above the value of the nearer positions. 



While demand had in general been satisfactory, attention was 

 directed to the opinion, expressed in some quarters, that most 

 of the anticipated receipts being sold to arrive, and a certam 

 amount of reserve stock being held by manufacturers, some 

 dullness might be looked for until more is known about the 

 Brazilian output. Large holders recognized that the premature 

 inauguration of an upward movement might bring about a re- 

 action just previous to the next sales. The amount of forward 

 trading, it has likewise been urged, will reduce the ultimate orders 

 of consumers. Hence a disposition on the part of holders to meet 

 the wants of consumption. 



The sale of the New York syndicate stocks tended to a brief 

 improvement, but the London price again dropped, reaching 

 4.J. Gyzd. on the 9th. It was considered that the disposal of this 

 New York stock indicates that in the opinion of the interested 

 holders, there are meager prospects of a much higher market 

 value than now prevails. It is understood that the Para stock 

 held by the syndicate represents about 2,400 tons. 



At the opening of the London sales of the 13th conditions 

 were practically unchanged, but the influence of prospective m- 

 creased supplies of plantation was manifest in the evident un- 

 willingness of controlHng interests to check the demands of 

 consumption. It has been remarked that the present values show 

 large returns to producers, so that a continued disposition on 

 their part to encourage demand is fully anticipated. An advance 

 of V/2d. was established at the later part of the sale, but this 

 improvement was afterwards lost in the open market, being, 

 however, subsequently regained. 



Interest during the latter part of the month culminated in the 

 London auction of plantation rubber, scheduled for the 27th, 

 for which the large quantity of 850 tons had been announced; 

 being in excess of the offerings at any individual sale during 

 1911. On the first day 3£0 tons were disposed of. 



Unlooked for steadiness was displayed on the opening day of 

 the sale, demand proving sufficiently active to give a firm tone to 

 the market. Prices remained within a fraction of previous fig- 

 ures. Fine upriver Para was quoted on the 27th at 4.J. 7l4d. 



New York Quot.^tions. 



Following are the quotations at New York for Para grades, 

 one year ago, one month ago and February 29— the current date. 



P.AR.\. Mar. 1, '11. Feb. 1, '12. Feb. 29, '12. 



Islands, fine, new 152@1S3 108(a)109 107@108 



Islands, fine, old none here 110(5)111 108(5)109 



Upriver, fine, new 164@16S 111@112 109@110 



Upriver, fine, old 166@167 114®11S 112@113 



Islands, coarse, new 89@ 90 64@ 65 62® 63 



Islands, coarse, old none here none here none here 



Upriver, coarse, new 117^118 94ra) 95 92® 93 



Upriver. coarse, old 119(ail20 none here 94@ 95 



Cameta 93® 94 66® 67 65® 66 



Caucho (Peruvian) hall 117®)118 94® 95 93® 94 



Caucho (Peruvian) sheet none here none here none here 



Pl.\nt.\tion P.\k.\. 



Fine smoked sheet 183@184 



Fine pale crepe 168@170 



Fine sheets and biscuits 1S8@159 



Centrals. 



Esmeralda, sausage 107@108 



Guayaquil, strip none here 



Nicaragua, scrap 105@106 



Panama none here 



Mexican, scrap 104®105 



Mexican, slab 65® 66 



133®134 130@131 

 131@132 129@130 

 127@128 12S@126 



92@ 93 91@ 92 



none here none here 



91® 92 90® 91 



none here none here 



90® 91 89@ 90 



S4@ 55 none here 



Mangabeira, sheet 72® 73 none here 68® 69 



Guayule 75® 76 60® 62 60® 61 



Balata, sheet 95® 96 89® 90 89® 90 



Balata, block 72® 73 56® 57 55® 56 



African. 



Lopori ball, prime 132®133 109@110 109@110 



Lopori, strip, prime none here lOSfrtlOfi none here 



Aruwimi 125®126 106((|l07 105®106 



Upper Congo ball, red 132@133 112®113 110@111 



Ikelemba none here none here none here 



Sierra Leone. 1st quality 135rrtl36 95® 96 98® 99 



Massai, red 135®136 102@103 101@102 



Soudan, Niggers none here none here none here 



Cameroon ball 88® 90 69® 70 70® 71 



Benguela 80® 81 72® 73 71® 72 



Madagascar, pinkv 105@106 none here none here 



Accra, flake 43® 44 27® 28 27® 28 



East Indian. 



Assam 105@106 none here none here 



Pontianak 7ji@7y2 5.>^@534 5^® 



Borneo none here none here none here 



Late Para cables quote : 



Per Kilo. Per Kilo. 



Islands fine 4$600 Upriver, fine 5$6Sa 



Islands, coarse 2$350 Upriver, coarse 4$50O 



Exchange 16 7/32d. 



Latest Manaos advices : 



Upriver, fine S$750 Exchange 16 7/32d. 



Upriver, coarse 4$350 



Netv 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 February there has been a 

 good demand for paper from banks, both in and out of town, at 

 about the same rates as in January, namely, 4l/2@4}^ per cent. 

 for the best rubber names, and S@5{X per cent, for those not so 

 well known." 



Prices for January (New Rubber). 



1912. 1911. 1910. 



Upriver, fine $1.03(3)1. ll' $1.I5@I.30 $I.78@1.87 



t Upriver, coarse 90@.94 .90@.9S l.ll@1.15 



Islands, fine 97@1.07 1.00@1.15 I.67@1.81 



Islands, coarse 62@ .64 .62® .69 .71® .75 



Cameta 63@ .66 .64@ .73 .79@ .85 



Rubber Scrap Prices. 



Late New York Quotations. — Prices paid by consumers for 

 carload lots, per pound — are practically unchanged : 



March 1 



Old rubber boots and shoes — domestic 9;4@ 9f^ 



Old rubber boots and shoes — foreign 9 @ 9% 



Pneumatic bicycle tires 4^@ 4fi 



Automobile tires 8^/i® 8^ 



Solid rubber wagon and carriage tires 9;4@ 9J4 



White trimmed rubber 11 ®1154 



Heavy black rubber 4.J4® 5 



Air brake hose 4^@ 4H 



Garden hose 1^@ 1^ 



Fire and large hose 2 @ 2J4, 



Matting %@ 1 



