96 



THE INDIA RUBBER WORLD 



[November 1, 1915. 



Review of the Crude Rubber Market. 



NEW YORK. 



October 30, 1915. 



A FAIRLY good business was done in spot and December- 

 January futures during October. Prices did not change 

 materially. First latex spot sold for 61 cents, and Up- 

 river fine for 54J^ cents on the first of the month. On Oc- 

 tober 30 First latex was 6lVi cents and Upriver fine 58J4 cents. 



The announcement of the new Ceylon export tax only re- 

 sulted in minor and temporary fluctuations. The impression is 

 that the other rubber producing colonics in the Far East will 

 not impose a new tax on rubber exports. 



The unstable condition of exchange had a tendency to lower 

 values, but this was overcome by the firmness of the market. 

 Future buying has been mostly confined to January-March de- 

 liveries and therefore orders for the greater part of next year's 

 supplies are yet to be placed. This condition is caused by the 

 small difference in present prices for forward sales. On Oc- 

 tober 29, First latex, January-March delivery, was 59^:4 cents, 

 and January-June delivery, 59^2 cents. 



The future of Singapore as an important rubber market now 

 seems assured. The large rubber manufacturers and dealers 

 are establishing offices or agencies in that city. It is significant 

 that in August 2,110 tons of rubber arrived in New York, 

 shipped direct from Singapore and Colombo, while shipments 

 from London and Liverpool were 1,996 tons for the same period. 



The steamship "Indrawaddy," sailing from Singapore direct to 

 New York with 1,000 tons of rubber, piit in at Colombo with 

 fire in her hold. She is expected to arrive in New York, No- 

 vember 20, three weeks late. The Booth steamship "Denis" 

 from Para and Manaos with 180 tons is now due. The Lloyd 

 Brazileiro steamship "Rio de Janeiro" from Para, was due Oc- 

 tober 30, with 235 tu;;s. 



Shipments of rubber invoiced through the American Consul 



at London for the United States during the nine months ending 



September 30, 1915, were valued at $43,080,562, compared with 



$25 303.056 for the same period in 1914. 



LONDON. 



The market for the first week in October was active, due to 

 American buying, and prices advanced. Spot and October 

 crepe brought 2s. 6d. Smoked sheet 2s. Sjid., and hard fine 

 Para was quoted at 2s. 5d. November-December crepe was 

 n-arked 2.f. 5^d., and January-June. 1916, 2s. 4Hd. 



T lie market co;.tlnued quiet with prices steady, supported by 

 moderate buying. On October 21, spot crepe and smoked sheet 

 ribbed were both quoted at ,2s. 4}4rf.; November-December, 2s. 

 ^'/zd.; January- June, 2s. 4%d. 



Forward contracts for delivery in 1916 are going at 2s. 2d. 

 (52.7 cents) and 2s. Ad. (56.7 cents) and it is reported that a 

 large number of sales covering the greater part of next year 

 have been made on the basis of these figures. Such contracts 

 have been made with the planters, shipments to be made direct 

 to New York. 



MANAOS. 



The general demand at this point is good and the market is 

 steady. Stocks are not accumulating as might be expected at 

 this time of year. Apparently there has been heavy selling of 

 futures. Upper Caucho ball is in good demand at firm prices. 

 July and August, generally quiet months, showed unusual ar- 

 rivals. The receipts are expected to continue in good volume 

 until the close of the present year. Under these circumstances 

 prices are not expected to advance unless stimulated by Euro- 

 pean demand. 



BATAVIA, JAVA. 



Private auctions were held at Batavia on .August 17, Septem- 



licr 17 and October 18. No. 1 crepe brought 61 cents per pound. 



Private auctions will be held on November 19 and December 17. 



SINGAPORE. 



At the auction held on September 1, 1915, 234 tons were 

 offered and 176 tons changed hands. Pale crepe and ribbed 

 sheet sold for $131 [$73.36 United States currency] and $129 

 [$72.24 United States currency] respectively per picul (133^ 

 pounds). 



At the auction held on September 8, 225 tons were offered 



and 155 tons sold. There was a demand for Pale crepe which 



readily brought $133 [$74.48 United States currency] per picul. 



New York Quotations. 



Following are the quotations at New York one 

 month ago, and October 30, the current date: 



Para. Nov. 1. '14 



Upriver, fine, new 65 @66 



Upriver, fine, old 67 (a- 69 



Islands, fine, new 50 (^52 



Islands, fine, old 52 @ 53 



Upriver, coarse, new 47 @48 



Up ■ 



27 @2 



Islands, coarse, old. 



Cameta 30 @31 



Caucho, ball, upper 46 @47 



Caucho, ball, lower 41 @43 



(Nearby 61 @63 ) soixg.eo 1 Spot 61^^(862 



(Forward 60 @61 J '^/■''a''" ( Jan.-Jiine.60 (&60J4 



61 57 @57J4 58 @58}4 



Centbals. 



Corii 



45 



39 



HO 



38^@39 

 39" ©40 



Esmeralda, sausage 44 @45 



Nicaragua, scrap 44 @45 



Mexican plantation, sheet.. 37 @39 



Mexican, scrap 40 @42 



Mexican, slab 



Manicoba 33 @36 



Mangabeira; sheet 40 @42 32 @38 



Guayule 26 @30 



Balata, sheet 51 @52 51 @52 



Balata, block 43 @44 43 @ 



Lopori, ball, prime 52 @55 



Upper Congo, ball, red 



Massai, red 54 @58 



Soudan Niggers 



Cameroon, ball 44 @45 



Benguela 31 @)33 



.-^ccra, flake 25 @26 



Rio Nunez Niggers 



Konakry Niggers 



East Indian. 



Assam 54 @58 



Pontianak 8 @ 9 



Gutta Siak 



Borneo II 35 @ 



Gutta Percha 



32 @ 

 53"@' 



2.00@2.40 



New 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 demand for commercial paper has continued good 

 through October, as for several months past, and the best rubber 

 names have been taken freely at 4@4J4 per cent., and those not 

 so well known 5@5^ per cent., the latter mostly by out-of-town 

 banks." 



New York Prices for September (New Rubber). 



Upriver, fine $0.80@0.90 



Upriver, coarse 48@ .52 



Islands, fine 71@ .77 



Islands, coarse 28@ .31 



Cameta 36@ .39 



1914. 1915. 



$0.64(80.78 $0.55(30.57 



.43(8 .55 .41® .43 



.53® .70 .49® .51 



.27® .35 .26® .27 



.29® .36 .28® .30 



