512 



THE INDIA RUBBER WORLD 



IJui.Y 1, 1912 



Review of the Crude Rubber Market. 



Till'". Ldtidon market during the last days of May was no- 

 tably affected by the Whitsuntide holidays, which had 

 c;uised the third May auction to be held on 21st instead 

 of 28th. During the first ten days of June, business was remark- 

 ably quiet, the price for fine Para of 4s. 7%d., with which Mav 

 had closed being only fractionally improved, 4s. 8d. being reached 

 on June 8. The relatively protracted abstention of consumers 

 was then broken by active inquiry during the ensuing week; 

 with the result that 4s. lid. was attained on the 12th, this 

 figure constituting the high-water mark of the month. Demand 

 then gradually slackened, with the result that prices fell off dur- 

 ing the later part of the month; the quotation on 25th (at time 

 of writing) being 4s. 9d. 



In explanation of these conditions, it is stated that consumers 

 see a prospective advantage in holding off, except for the pur- 

 pose of filling immediate requirements. On the other hand, an 

 element of strength was afforded by reports to the effect that 

 prominent rubber interests were buying extensively in the Brazil- 

 ian markets, particularly at Manaos. 



After the putting forward of the third series of May auc- 

 tions of plantation rubber, and the offering during that month 

 of about 1,750 tons by public sale, the reduction of the total 

 offered during the two sales of June to about 700 tons, consti- 

 tuted to the steadiness which developed itself on both occasions. 

 Prices displayed only a slight variation from those of the larger 

 auctions held during May. This reduction was in part due to 

 the existing labor troubles impeding dock and warehouse work. 



Business on the continent partook to a great extent of the 

 character reported from London. The advance in fine Para, 

 which took place towards the middle of the month, was reported 

 to be due to the effects of continental purchases. With the fall- 

 ing off in demand, prices again gave way. 



Consumption is still the dominant factor in the situation. The 

 heavy increase of Eastern plantation supplies has so far been 

 absorbed by the market, but all connected with the industry are 

 closely watching every new or increased use of rubber. 



New York Quotations. 



Following are the quotations at New York for Para grades, 

 one year ago, one month ago and June — the current date. 



P.\RA. July 1, '11. Junel, '12. June29, '12. 



Islands, fine, new 92@ 93 105rd)106 



Islands, fine, old 94@ 95 107frnOS 



Upri vcr, fine, new 97rai 98 \09(a'\ 10 



Upriver, fine, old 101fail02 112@113 



Islands, coarse, new 58(2) 59 57(2) 58 



Islands, coarse, old 



Upriver, coarse, new 81(@ 82 



Upriver, coarse, old 83(g 84 



Cameta M@ 65 65@ 66 63@ 64 



Caucho (Peruvian) ball 80(2)81 87(g 88 82(g 83 



Caucho (Peruvian) sheet 62@ 63 



Plant.\tion Para. 



Fine smoked sheet 114@115 118(2)119 118(2)119 



Fine pale crepe 113(gll4 119(2)120 117(2)118 



Fine sheets and biscuits n0@lll 114fa'115 113(2)114 



100(2'101 



ii6@iii 



115(2)116 

 54@ 55 



89@ 90 84(g 85 



Guayule 43@ 44 



Balata, sheet 



Balata,' block 



African. 



Lopori ball, prime 92(@ 93 



Lopori, strip, prime 



.Aruwimi 87@ 88 



Upper Congo, ball, red 89(@ 90 



Ikelemba 



Sierra Leone, 1st quality 84(2) 85 



Massai, red 84(g 85 



Soudan, Niggers 



Cameroon, ball 58(2) 59 



Benguela 64(2) 65 



Madagascar, pinky 75@ 76 



Accra, flake 25(g 26 



East Indian. 



Assam 78(2) 79 



Pontianak (>Y&&)% 



Borneo 



107(gl08 



'94@'9S 

 95(g 96 



94@ 95 

 9S(g 96 



SYM^Va Ws@ 6 



Late Para calbles quote : 



Per Kilo. 



Islands, fine 4$100 



Islands, coarse 2$100 



Upriver, fine . . . 

 Upriver, coarse. 

 Exchange 



Per Kilo. 

 ... 5$750 

 ... 4$250 

 .16 7/32d. 



Latest Manaos advices : 



Upriver, fine . . . 

 Upriver, coarse 



5$700 Exchange 

 3$900 



.16i^d. 



Neiv 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: 



"The market for commercial paper has continued easy through 

 June, with a fairly good demand from city and out-of-town banks 

 for the best rubber names at 4(2?4}/2 per cent., and those not so 

 well known 5(g5j'2 per cent., and some 5J4 per cent." 



New York Prices for May (New Rubber). 



1912. 1911. 



Upriver, fine $1.09@1.12 $0.93@1.28 



Upriver, coarse 89@.92 .82®. 89 



Islands, fine 1.05@1.10 .92@1.22 



Islands, coarse 58@ .63 .58@ .67 



Cameta 65@.67 .67@.76 



1910. 



$2.35@2.80 



1.60@1.82 



2.26@2.72 



.93@1.09 



1.10@1.27 



African Rubbers. 



New York Stocks (in Tons). 



May 1, 

 Tunc 1 

 July 1. 



1911. 



98 



50 



90 



August 1 90 



September 1 112 



October 1 67 



November 1 45 



December 1. 1911 60 



January 1, 1912 .58 



February 1 150 



March 1 90 



April 1 80 



May 1 62 



June 1 94 



Centrals. 



Esmeralda, sausage 77(2) 78 82(g 83 82@ 83 



Guavaquil, strip 



Nicaragua, scrap 77@ 78 80@ 81 80(g 81 



Panama 



Mexican, plantation, sheet 90@ 95 



Mexican, scrap 75(@ 76 81(g 82 80(g 81 



Mexican, slab 



Mangabeira, sheet 



Amsterdam. 



Joostens & Janssen report [June 6, 1912] : 



Interest is expressed in the fact that the quantity announced 

 for sale on 21st inst. will be about 47M tons in all, as compared 

 with about 18 tons offered at the May sales. The assortment is 

 as follows: 37 tons Hevea; 7]/^ tons Ficus; 2 tons Castilloa; i 

 ton Sumatra ; Yi ton Guatemala. 



