462 



THE INDIA RUBBER WORLD 



fJrxE 1. 1912. 



Review of the Crude Rubber Market. 



WHILE the month of April was chiefly noticeable for the 

 reaction in the London price of fine Para from the rela- 

 tively high level of 5s. 2d. on March 27 to 4s. Sj-^rf. on 

 April 27, the market during May varied but little from the lower 

 basis thus established. An evident desire was manifest on the 

 part of both sellers and buyers to await developments. Prices 

 ranged during the month between 4s. 8d. and 4s. 7j4<^v standing 

 at time of writing (27) at 4s. Jyid. 



Those inclined to take an optimistic view of the situation gave 

 prominence to the fact that the visible supply of all kinds of 

 rubber on April 30 was only 10,883 tons, as compared with 14,703 

 tons at the end of April, 1911. Separate figures showed Para 

 grades 7,608 tons against 11,863 tons last year, and other grades 

 3,275 tons against 2,840 tons in 1911; the reduction having thus 

 been practically in Para grades. The fact that 5,253 tons of 

 plantation rubber had passed through the London auctions dur- 

 ing the first four months of 1912, as compared with 3,175 for the 

 corresponding period of 1911, was regarded as indicating the in- 

 fluence of a large and increasing consumption. 



Notwithstanding these favorable statistical conditions, the evi- 

 dent decision of consumers to more or less use up their holdings 

 of rubber before entering the market again, caused the bidding at 

 the London auction of May 14 to be noticeably lacking in spirit. 

 As a result, however, of importers meeting these conditions, the 

 635 tons ofltered were all placed. The later prices were better 

 than those current at the opening of the sale, but the average 

 fall was about I'ljrf. per pound. Owing to the Whitsuntide holi- 

 days occurring during the last week in May the second May sale 

 amounting to 350 tons took place on 21st. Cable reports indi- 

 cate that 135 tons were sold at an average fall of y2d. to Id. per 

 pound. 



Following the lead of London, the New York market 

 was quiet throughout the month. The movements of consump- 

 tion are being closely watched, as indicating the future tendency 

 of the market. 



The subjoined quotations for .\frican and some other varie- 

 ties are to a great extent nominal, owing to the lack of assort- 

 ment displayed by existing stocks. 



Demand was fairly good at the Rotterdam sale, of 3rd; prices 

 only giving way shghtly, owing to the firmness of holders. Prices 

 at the later continental auctions fell in sympathy with London 

 movements. At Amsterdam on 10th, 19 tons (principally 

 Hci'ea) were sold at an average of iYz per cent, below the 

 nominal valuations. 



On 22nd, 107 tons Congo were sold at the Antwerp sales, with a 

 reduction equaling about 2d. per pound. Cable advices of the 

 Havre sale of 23rd report a fall, in harmony with the features of 

 the other recent continental auctions. 



New York Quotations. 



Following are the quotations at New York for Para grades, 

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

 Par.\. June 1, '11. May 1, '12. May 29, '12. 



Islands, fine, new 96(ff 97 



Islands, fine, old 98@100 



Upriver, fine, new 99@100 



Upriver, fine, old 105(gl06 



Islands, coarse, new 58@ 59 



Islands, coarse, old 



Upriver, coarse, new 82@ 83 



Upriver, coarse, old 84@ 85 



Cameta .., 84® 85 



Caucho (Peruvian) ball .... 66@ 67 

 Caucho (Peruvian) sheet 66@ 67 



110(S111 

 112r??113 

 112(?7113 

 115^7116 

 63@ 64 



105@106 

 107«il08 

 109(5:110 

 112faill3 

 S7@ 58 



93@ 94 89@ 90 



67@ 68 

 93® 94 



65@ 66 

 87@ 88 



Plantation Para. 



Fine smoked sheet 



Fine pale crepe 114^all5 



Fine sheets and biscuits 



Centrals. 



Esmeralda, sausage 78@ 79 



Guayaquil, strip 



Nicaragua, scrap 77@ 78 



Panama 



Mexican, scrap 77@ 78 



Mexican, slab 



Mangabeira, sheet 



Guayule 48(0,' 49 



Balata, sheet 



Balata, block 



African. 



Lopori ball, prime 9h@ 96 



Lopori, strip, prime 



Aruwimi 94(S) 95 



Upper Congo, ball, red 95(S) 96 



Ikelemba 



Sierra Leone, 1st quality 85(S3 86 



Massai, red 85(5) 86 



Soudan, Niggers 



Cameroon, ball 56@ 57 



Benguela 65(a> 66 



Madagascar, pinky 77@ 78 



Accra, flake 27@ 28 



107(gl08 



'94@'95 

 95@ 96 



'66@'67 



27@ 28 



Africans are neglected owing to low prices ruling for Para. 



East Indian. 



Assam 83(5) 84 



Pontianak 6@6ys, 



Borneo 



Late Para cables quote : 



Per Kilo. 



Islands, fine 4$550 



Islands, coarse 2$400 



5%@534 



Per Kilo. 



Latest Manaos advices : 



Upriver, fine . . . 

 Upriver, coarse 



Neiv York. 



.5$450 

 .4$050 



Upriver, coarse 4$350 



L'priver, fine 5$6S0 



Exchange 16 3/16d. 



Exchange 16 3/16d. 



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 : 



"The money market in regard to commercial paper has varied 

 but little in May from the conditions prevailing for the past 

 three months, there being still a good demand for the best rub- 

 ber names at 4,'/2(a; 5 per cent., and 5y2@6 per cent, for those 

 not so well known. 



Prices for April (New Rubber). 



1912. 1911. 



Upriver, fine $1.12@1.1S $1.18@1.45 



Upriver, coarse 92@ .96 .88@1.10 



Islands, fine 1.10@1.14 1.12@1.35 



Islands, coarse 63@ .66 .60@ .63 



Cameta 66@.70 .75®. 80 



1910. 

 $2.5S@2.92 

 1.70@1.87 

 2.45@2.78 

 I.07@1.15 

 1.28@1.3S 



African Rubbers. 



New York Stocks (in Tons). 



April 1, 1911 98 



Mav 1 98 



June 1 90 



July 1 90 



August 1 90 



September 1 112 



October 1 67 



1911. 



November 1 

 December 1 ... 

 January 1, 1912 

 February 1 .... 



March 1 



April 1 80 



May 1 62 



45 

 60 

 58 

 ISO 

 90 



