562 



THE INDIA RUBBER WORLD 



[August 1, 1912. 



Review of the Crude Rubber Market. 



THE London figure of 4s. 9d. for fine Para, recorded at the 

 period of last report (,as compared with 4s. lid. a fort- 

 night earlier), formed the keynote of values during the 

 earlier part of July. On 11th an improvement was developed, 

 which by degrees carried the price to 4s. llj/^d. by 22d. The 

 5/. mark was crossed on the 25th. when the price went to 

 5/Oyi; subsequently receding on the 26th (at time of writng) to 



4/1 m. 



A quiet but steady market characterized the earlier part of 

 the month of July; among the principal objects of attention 

 being the various statistical returns to June 30. In this connec- 

 tion special interest attached to the return of the crop of Para 

 rubber for the year ending June 30 last ; the quantity having 

 been 39,585 tons, as compared with 37,662 tons for the year 

 1910-11, and 39.240 tons for 1909-10. The steadiness in price 

 recorded in spite of this record yield, has been attributed to 

 the report that large quantities of rubber are held back at 

 interior points, owing to the low water in the Amazon river. 

 Another factor, contributing to firmness, has been the large re- 

 duction in the total visible supply on July 1, as compared with 

 last year; the figures (including Caucho) being respectively 

 6,370 and 10,950 tons, the falling off being thus 4,580 tons. This 

 difference practically represents a reduction of 3,730 tons in 

 the English stock and of 520 tons in the Para holdings of the 

 syndicate; the latter standing on July 1, 1912, at 2,240 tons, as 

 compared with 2,760 tons on July 1, 1911. 



The disturbance of London business in plantation rubber 

 through the dock strike, is shown by the falling off in quantities 

 auctioned. At the 12 series of auctions, which took place dur- 

 ing the fir.st five months of this year, a total of 6,996 tons was 

 offered, while the four series of June and July only included 

 about 1,600 tons. The average reduction for June and July has 

 thus equaled about 30 per cent. 



At the London plantation rubber auction commencing July 2, 

 the offerings amounted to 570 tons, nearly all sold at previous 

 rates to Id. decline. Demand was brisk, and it was considered 

 that the trade could have taken double the quantity offered. 

 The auction of the 16th included 625 tons, which were disposed 

 of at practically unchanged prices. The local position in London 

 will now be relieved by .the cessation of the strike, which, after 

 having lasted ten weeks, was called off on the 27th, according to 

 cable reports. 



Forward business has been transacted to a relatively satisfac- 

 tory extent by plantation companies; sales for 1913 delivery 

 having been made at 4s. 3}4d. at end of June, and at 4s. 5d. at 

 the middle of July. 



At tlie Rotterdam auction of July 5, there were about 39 tons 

 offered, chiefly of Congo, Hevca, and Ficus descriptions. Com- 

 petition was good; the whole quantity being sold. Prices in 

 general about reached valuations, but Congos showed a fall of 

 about 6 per cent. 



The Amsterdam auction of June 21 was relatively satisfactory 

 to holders. Of 47J4 tons, 44 tons were sold; at about valuations 

 for Hcvea and Castilloa descriptions, while Ficus fell off about 

 3 per cent. 



Owing to the hesitancy of buyers, only about half of the 62 

 tons offered for sale at Havre on June 27, was sold ; the average 

 decline representing about 4 per cent. 



Similar features marked the Antwerp sale of June 25, amount- 

 ing to 471 tons, of which 328 tons were sold ; the sales including 

 238 tons Congo and 83 tons plantation rubber. The average fall 

 in value was about 3J^ per cent. ; plantation alone showing a 

 drop of only about 1 per cent. Cable advices regarding the 

 Antwerp, sale of July 24 report the prices realized as being 5 



per cent, higher than valuations. The quantity offered was 

 280 tons. 



The earlier part of July was marked by quiet steadiness in the 

 New York market ; buyers being still more or less reserved in 

 their action ; while the latter part of the month reflected the 

 firmness and advancing tendency of the London market ; the 

 relative slowness of demand being offset by the disinclination to 

 force sales. 



New York Quotations. 



Following are the quotations at New York for Para grades, 

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



July 1, '12, July 30, '12. 



100®101 107@108 



109r«110 



117rani8 



122®123 



56® 57 



110®>111 



115@116 



54® 55 



84® 85 90® 91 



63® 64 

 82® 83 



65® 66 

 88® 89 

 76® 77 



118r?T119 120@121 

 ll/ryllS 121®122 

 H3@114 n7®118 



Para. Aug. 1, '11. 



Islands, fine, new 104@105 



Islands, fine, old ®107 



Lfpriver, fine, new 114®)115 



Upriver, fine, old 118®119 



Islands, coarse, new 61® 62 



Islands, coarse, old 



L'priver, coarse, new 95® 96 



Upriver, coarse, old 



Cameta 67® 68 



Caucho (Peruvian) ball 96® 97 



Caucho (Peruvian) sheet 



Plantation Para. 



Fine smoked sheet 133(a 134 



Fine pale crepe 132(i'rl33 



Fine sheets and biscuits 131®132 



Centrals. 



Esmeralda, sausage 84® 85 



Guayaquil, strip 



Nicaragua, scrap 84® 85 



Panama 



Mexican, plantation, sheet 



Mexican, scrap 83@ 84 



Mexican, slab 



Mangabeira, sheet 



Guavule 43® 44 



Balata, sheet 84® 85 



Balata, block 63® 65 



African. 



Lopori, ball, prime 108®1G9 



Lopori. strip, prime 



Aruwimi 103®104 



L^pper Congo, ball, red 105(al06 



Ikelemba 



Sierra Leone, 1st quality.... 95® 96 



Massai, red 98® 99 



Soudan, Niggers 



Cameroon, ball 



Benguela 



Madagascar, pinky 



Accra, flake 27®. . . 



East Indian. 



Assam 81® 82 



Pontianak 6®6>^ 



Borneo 



Late Para cables quote : 



Per Kilo. 



Islands, fine 4S625 



Islands, coarse 2$250 



Latest Manaos advices : 



Upriver, fine 6$150 



Upriver, coarse 4$150 



Amsterdam. 



JoosTEN & Janssen report [June 21] : 



Today's sale was satisfactory, although results were somewhat irregular, 

 in consequence of the weakness reported from London. Of the 47 V2 tons 

 offered. 44 tons were sold. Hevea and Castilloa descriptions realized about 

 the valuations, while Ficus qualities dropped 3 per cent. 



Per Kilo. 



LTpriver, fine 



Upriver, coarse 



Exchange 16 7/32d. 



Exchange 16 7/32d. 



