610 



THE INDIA RUBBER WORLD 



[September 1, 1912. 



Review of the Crude Rubber Market. 



THE prominent feature of the London market during Au- 

 gust has been the maintenance of price during most of 

 the time, above the 5 shilling mark, showing a gain of 2d. 

 for the month which has elapsed since last report. The 

 price of fine Para on July 26 was 4s. 1154d-. and on August 

 26, at time of writing, 5s. lJ4d., a slight reaction being thus 

 manifested upon the figure of 5s. 2d., which had been reached 

 on August 21. 



During the latter days of July, the continued operations of 

 speculators and dealers kept the market fairly steady, at a 

 slight falling off from the price of 4s. llJ4d., at which it stood 

 on July 26. These conditions prevailed until August 8, when 

 the price of 5s. was attained. During the ne.xt fortnight it 

 ranged between 5s. and 5s. Id., rising to 5s. 2d. on August 

 21, which level has since been practically maintained. 



Taking the average price of each month this year, the re- 

 sult shown is: January, 4s. 6d.; February, 4s. 7d.; March, 

 4s. lOd.; April, 4s. lO^^d. ; May, 4s. 7Hd. ; June, 4s. 9d. ; 

 July, 4s. 95^d. The overhead average for the year would 

 thus be about 4s. 8j4d., while the average for August 

 alone was 5s. Oyid. ; the high level of price now attained being 

 thus illustrated. As shown in another column. Para rubber 

 stands about 3d. above price of standard plantation rubber; 

 opinions differing as to the cause of this situation. 



At the plantation rubber auctions held in London, July 30 

 and 31, 620 tons were offered, of which 400 tons were sold. 

 Prices on the first day were 2d. to 3d. below the rates of a 

 fortnight earlier. This fall in price stimulated demand, so 

 that there was a recovery in values on the second day to the 

 extent of fully Id. Fine pale crepe was quoted at 4s. lOd. 



The first August series of auctions on August 13 com- 

 prised 800 tons, of which 550 tons were sold at prices but 

 slightly varying from those of the previous sale. Fine pale 

 crepe brought 4s. 9l4d. 



On August 27 commenced the second August series of Lon- 

 don auctions; including 725 tons; of which 579 tons -were sold 

 at practically unchanged prices, fine pale crepe reaching 4s. lOd. 



At the Antwerp sale of July 24 there was a very satisfac- 

 tory demand, orders coming in from all quarters, and a good 

 many wants being unfilled. Out of 250 tons Congo offered, 

 172 tons were sold at an average advance equaling If^d. per 

 pound. There was strong competition for the plantation 

 grades. Out of the 100 tons offered, 90 tons were sold at an 

 advance which represented 2l^d. per pound. The ne.xt sale 

 was scheduled for August 21 and was expected to include 335 

 tons, of which 50 were good plantation grades. 



Receipts of all classes of rubber at Antwerp were 2,475 

 tons for the seven months ending July, sales having been 

 2.715 tons; the figures for the corresponding period of 1911 

 having been 2,484 tons and 2.606 tons. 



The Havre sale of July 25 did not result as favorably as had 

 been hoped, the advance in Para on the London market not 

 being reflected in the action of buyers. Demand was good, 

 but sellers were not disposed to meet the views of buyers. 

 Under these circumstances only 25 tons were sold out of 

 the 97 tons offered. The next sale was announced to take 

 place on August 28, when 100 tons were to be offered, prin- 

 cipally Congos. 



On July 19 the sale at Amsterdam included only 22i/< tons, 

 as compared with the 471/2 tons of June 21. The quantity 

 scheduled for sale on August 18 was 37 tons, which was chiefly 

 sold at good prices. At the Rotterdam sale of August 9 about 

 20 tons were offered and mostly sold. 



Trading in New York followed the tendency of European ad- 

 vices, closing on the 28th quiet but steady. 



New York Quotations. 

 Following are the quotations at New York for Para grades, 

 one year ago, one month ago, August 27 — the current date : 

 Par.\. Sept. 1,'11. Aug. 1,'12. .\ug.27,'12 



Islands, fine, new 108(S;109 107@108 



Islands, fine, old llOradll Kl'if./llO 



Upriver, fine, new 117@118 11 7'./ 118 



Upriver, fine, old 119r<; 120 li_'(./,123 



Islands, coarse, new 62(r(, 03 ' 50((ij 57 



Islands, coarse, old 



Upriver, coarse, new 97(S; 98 



Upriver, coarse, old 98f'a. 99 



Cameta 6700 68 



112(3:113 



i22@i23 



124@125 



58@ 59 



90@ 91 96@ 97 



65@ 66 67@ 68 



Caucho (Peruvian) ball 96^97 88@ 89 92@ 93 



Caucho (Peruvian) sheet 76@ 77 80@ 81 



Plantation Para. 



Fine smoked sheet \38CriU9 120@121 121@122 



Fine pale crepe 136@137 121(a'122 120(^121 



Fine sheets and biscuits 130@131 117@118 117@118 



Centrals. 



Esmeralda, sausage S6(Sj 87 83@ 84 85® 86 



Guayaquil, strip 



Nicaragua, scrap 84@ 85 81@ 82 84@ 85 



Panama 



Mexican plantation, sheet 93@ 94 



Mexican scrap 83@ 84 81@ 82 84@ 85 



Mexican, slab 



Mangabeira, sheet 



Guayule 45@ 46 57@... 57@ 58 



Balata, sheet 84@ 85 88@ 89 



Balata, block 63@ 64 60@ 61 



African. 



topori, ball, prime 110@112 108(S)109 none here 



Lopori, strip, prime none here none here none here 



Aruwimi 102(5)104 103(gl04 104(gl05 



Upper Congo, ball, red UO&JlU 105(gl06 107(gl08 



Ikelemba none here none here none here 



Sierra Leone, 1st quality 92(5)93 95 (g 96 100(5)101 



Massai, red 93@ 94 98(@ 99 102(5)103 



Soudan, Niggers none here none here none here 



Cameroon, ball 70(g) 71 none here none here 



Benguela none here none here none here 



Madagascar, pinky 83(S) 84 none here none here 



Accra, flake 30® 31 27@... 26@ 27 



East Indian. 



Assam &4(3) 85 none here none here 



Pontianak 6^Cg6i4 6(®6% 6^@65^ 



Borneo none here none here none here 



Late Para cables quote : 



Per Kilo. Per Kilo. 



Islands, fine 5$000 Upriver, fine 



Islands, coarse 2$325 Upriver, coarse • 



Exchange 16 2/32d. 



Latest Manaos advices : 



Upriver, fine 6$450 Exchange 16 3/16d. 



Upriver, coarse 4$450 



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 : 



"During August the demand for paper has continued fairly 

 good from out-of-town banks, but at higher rates, 5j4@5j^ per 

 cent, for the best rubber names, and 5-}4(2'6 per cent, for those not 

 so well known. Our city banks have been mostly out of the 

 market." 



New 



Upriver, fine . 

 Upriver, course 

 Islands, fine . . 

 Cameta 



York Prices for July 



1912. 



$1.10rail.l9 



. . . .85® .91 

 ... 1.0001.08 

 . . . .62® .65 



(New Rubber) 



1911. 



$ .99@1.17 



.82® .96 



.92®1.10 



.70® .75 



1910. 



$2. 16® 2.40 

 1.48® 1.55 

 2.08®2.25 

 1.10(5 1.23 



