410 



THE INDIA RUBBER WORLD 



[May 1, 1912. 



Review of the Crude Rubber Market. 



THE later days of March witnessed the culmination of the 

 upward movement which had been nearly a fortnight in 

 progress and which had brought up the London price of 

 tine Para from 4s. W/id. on March IS, to Sj. 2d. on March 27, 

 the latter being the highest price attained for many months. 

 The causes of this advance formed the subject of discussion 

 from the various points of view of sellers and buyers. 



On the one side it was argued that the absorption through the 

 London sales of nearly 2,000 tons within a month, indicated the 

 existence of a healthy demand from consumption, sufficient to 

 keep prices at their new level for the immediate future, while on 

 the other side it was urged that the doubling of Malayan exports 

 as compared with those of the first three months of 1911 was 

 calculated to depress prices, while the more rubber had been 

 recently sold, the less would be wanted in the near future. 



Consumers evidently not being encouraged to follow rubbc: 

 above the S.f. mark and .speculators also holding aloof from op- 

 erations, the prices had receded by March 29 to 4.f. llj^rf.; re- 

 maining about 4.f. lid. till the middle of April, and reaching by 

 19th 4s. lOKs by 2Sth 4s. 9d.; and by 27th (at time of writ- 

 ing) 4s. Sy^d. Thus the London price of fine hard Para is about 

 2d. lower than it was at the middle of March, before the com- 

 mencement of the recent speculative movement. 



At the London auctions of April 2 and 3, about 500 tons of 

 plantation rt.'bber were sold, the second day's sale displaying in- 

 creased animation, resulting in a recovery of Id. per pound 

 from the rates previously ruling in the open market. During the 

 sales of April 16 and 17, about 300 tons plantation rubber were 

 disposed of at prices unchanged from those previously current. 



The month of April has thus been a time of limited operations 

 on the part of buyers and sellers both here and in Europe. The 

 position of consumption is, of course, the predominant factor in 

 the future of the rubber market, in which connection the record 

 demand for tires is regarded as imparting strength to the situation. 



New York Quotations. 



Following are the quotations at New York for Para grades, 

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



P.\RA. May 1, '11. .A.pr. 1,'12. Apr. 29, '12. 



Islands, fine, new 118@120 117rall8 110@111 



Islands, fine, old 120@121 119fa)120 112@113 



Upriver. fine, new 126@127 122@122 112@113 



LTpriver. fine, old 130@131 124@125 11S@116 



Islands, coarse, nevv 61@ 62 67@ 68 63@ 64 



Islands, coarse, old none here none here 



Upriver, coarse, new 89@ 90 98J^@ 99 93@ 94 



Uprixcr, coarse, old 92@ 93 none here 



Cameta 75@ 76 72@ 73 67@ 68 



Caucho (Peruvian) ball 94@ 95 98@ 99 93@ 94 



Caucho (Peruvian) sheet none here none here 



Plantation Para. 



Fine smoked sheet 140@141 139@140 126(S127 



Fine pale crepe 140@141 138@139 125(5:126 



Fire sheets and biscuits 130@131 136@137 119@120 



Centrals. 



Esmeralda, sausage S8@ 89 97@ 98 92(3 93 



Guayaquil, strip none here none here 



Nicaragua, scrap 87(g) 88 96(al 97 91(592 



Panama none here none here 



Mexican, scrap 86@ 87 gSCff 96 91(?? 92 



Mexican, slab none here none here 



Mangabeira, sheet none here . 67(5:68 



Guayule 58@ 59 69(S! 70 



Balata, sheet 83(@ 84 90(g 91 85(g 86 



Balata. block 56@ 57 62(5; 63 



African. 



Lopori ball, prime 115(gll8 122(gl23 



Lopori, strip, prime none here none here "j-i 



Aruwimi 112(gll3 none here 15'" 



Upper Congo ball, red 109(5)110 none here 



Ikelemba none here none here 



Sierra Leone, 1st quality 100(gl02 109r5110 



Massai, red 100@102 111C5112 



Soudan, Niggers none here none here 



Cameroon ball 76@ 77 91@ 92 



Benguela 70@ 71 78(g 79 



Madagascar, pinky 87(5) 88 none here 



Accra, flake 38(5; 39 28(a, 29 



East Indian. 



Assam none here none here 



Pontianak 6^(g6H 634@ — 



Borneo none here none here 



Late Para cables quote : 



Per Kilo. Per Kilo. 



Islands, fine S$050 



Islands, coarse 2$70O 



C u ed 



ecu, 



« °^ 

 en O bo 



< S 



L'priver, coarse. 

 Upriver, fine. . . . 

 Exchange 



16J4rf. 



Exchange 16 9/32d. 



Latest Manaos advices : 



Upriver, fine S$950 



Upriver, coarse 4$350 



Netv York, 



In regard to the financial situation, .\lbert B. Beers (broker in 

 crude rubber and commercial paper. No. 68 William street. New 

 York) advises as follows: "In the matter of commercial paper, 

 the same conditions have prevailed during April as in March, the 

 demand from banks both in town and out being quite good at 

 4;<(5S per cent, for the best rubber names, and S;/2@6 per cent. 

 for those not so well known.'' 



New York Prices for March (New Rubber). 



1912. 1911. 1910. 



Upriver, fine $1.11@1.23 $1.4501.66 $2.09@2.58 



Upriver, coarse 93® .99 1.08@1.18 1.30@1.70 



Islands, fine 1.08@1.18 1.30'ffll.56 2.03@2.45 



Islands, coarse 63(8 .67 .62® .90 .90@1.07 



Cameta 66@ .72 .79® .92 .95@1.28 



African Rubbers. 



New York Stocks (in Tons). 



March 1. 1911 Ill October 1, 1911 67 



April 1 98 November 1 45 



Mav 1 98 December 1 60 



June 1 90 Januarv 1, 1912 58 



Julv 1 90 Februarv 1 150 



August 1 90 March 1 90 



September 1 112 April 1 80 



Rubber Scrap Prices. 



Late New York Quotations. — Prices paid by consumers for 

 carload lots, per pound — are in some cases slightly higher. 



May 1. 



Old rubber boots and shoes — domestic 9j/2(f? 9-'^ 



Old rubber boots and shoes — foreign 9J^(5. 9J4 



Pneumatic bicycle tires 4l4(a] 4^ 



.\utomobile tires 9 @ 9% 



Solid rubber wagon and carriage tires 9^4(5, 9|4 



White trimmed rublier 11 (2)1154 



Heavy black rubber 454(5 5 



-Air brake hose 5 @ 5'A 



Garden hose 1 5^(@ 1 ^ 



Fire and large hose 2l4@ 2'/i 



Matting 7/g@ 1 



