December 1, 1915.1 



THE INDIA RUBBER WORLD 



151 



Review of the Crude Rubber Market. 



NEW YORK. 



NO\'EMBER began with a quiet, steady market, reticcting 

 the firmness in plantation sorts on the London market. 

 First latex and smoked sheet sold at 62 cents for spot, 

 January-March deliveries at 61 cents. Upriver fine was quiet 

 at 57 cents. 



On November 6 heavy buying was reported in London and 

 prices commenced to advance. During the following week the 

 rise was so rapid that on Thursday, November 11, quotations 

 were withdrawn. This New York movement was evidently due 

 to actual buying orders and continued to develop strength, owing 

 to persistent bidding by buyers in the London market. November 

 23, First latex and prime ribbed were quoted in a strong market 

 at 85 cents and January-March deliveries at 82 cents. Upriver 

 fine was firm at 76 cents for spot. 



This sudden buying movement, attended by an advance of 20 

 cents a pound in the price of representative plantation grades, 

 has been attributed to various causes. For instance, the Panama 

 Canal is hopelessly blocked and the Suez canal closed indefinitely ; 

 German submarines are operating in the Mediterranean. So 

 much for rumors ; the facts are that the local market is simply 

 marking time, with the dealers "sitting tight" and watching the 

 London cables. Little actual business was done in spot and near- 

 by and the bargains in futures, quoted a few days ago, have been 

 marked up by the rising tide of higher prices. 



Later in the month, the market weakened and prices declined 

 as the strong London buying movement ceased. Plantation grades 

 showed a loss of eight to ten cents a pound from the high levels 

 of a few days before. 



LONDON. 



The activity that set in late in October has con- 

 tinued into November and the demand is strong and urgent. 

 Available supplies appear to be somewhat limited, despite the fact 

 that stocks are increasing. The arrivals are about 2,000 tons 

 above the average for the month, but deliveries are slow and 

 uncertain. Official figures for the week ending November 6, 

 1915, show arrivals of 1,311 tons and deliveries of 1,027 tons. 

 Corrected stock figures are 6,417 tons against 3,262 tons on the 

 same date a year ago. Prices have advanced strongly from 2s. 

 ty^d. (62.3 cents), the price last week for spot Standard crepe, to 

 2s. 9y2d. (67.9 cents), quoted for the same grade on November 12, 

 1915. January-June crepe was quoted at 2s. TVid. (63.5 cents). 

 Hard fine Para advanced 2s. the pound. Activity in the market 

 continued and considerable business was done for Russian ac- 

 count. The demand for futures covering all of next year has also 

 been quite noticeable. 



November 18, the market advanced sharply and closed strong 

 with Standard crepe and Smoked sheet spot selling at 2s, llyid. 

 (71.9 cents). The upward trend of prices continued, supported by 

 active buying orders, and on November 24, Standard crepe and 

 Smoked sheet spot were 3s. Ad. (81 cents). 

 JAVA. 



At the private auction held in Batavia on September 10, 1915, 

 34,239 pounds were offered and 14,382 pounds sold, crepe bringing 

 59.5 cents. On September 17 there were 51,533 pounds catalogued 

 and 36,498 pounds sold at normal prices. The auction of Septem- 

 ber 24 brought out 33,383 pounds, of which 3,348 pounds were sold. 

 The only grade of crepe offered sold for 55.5 cents. On October 

 1 there were 17,908 pounds offered and 13,303 pounds sold at 

 lower prices. 



SINGAPORE. 



.'\t the auction held on September 22, 1915, 275 tons were offered 

 and 178 tons sold. Smoked sheet ribbed and Fine pale crepe 

 sold up to 54 cents per pound. On September 29 there were 256 



tons catalogued and 207 tons changed hands. Prices for prime 

 qualities were unchanged from last week. The aucrion of October 

 6 reflected the better tone of the London market, and prices ad- 

 vanced in an active market. Fine pale crepe sold for 62.5 cents 

 per pound. 



New York Quotations. 

 Following are the quotations at New York one year ago, one 

 month ago, and November 29, the current date : 



Para. Dec. I, 'M. 



Upriver, fine, new 71 @ 



Upriver, fine, old 73 @75 



IsLinds, fine, new 60 @61 



Islands, fine, old 62 @64 



Upriver, coarse, new 52 ®)53 



Upriver, coarse, old 



Islands, coarse, new 32 @33 



Islands, coarse, old 



Canicta 33 @ 35 



Caucho, ball, upper 52 @53 



Caucho, ball, lower 50 @51 



Plantation Hevea. 



Smoked sheet ribbed 82 @84 { JaT-juneU^'lM./. "...®. 



First latex crepe. 5 Near^bvl „ @76 { fe-Ji^t'^/. ". . ^ . 

 Fine sheets and biscuits, un- 



smoked 66 (Mi 58 (a ii'A 



Esmeralda, sausage 



Mexican pla 



Me ■ 



Me 



:rap 



41 (o:42 52 @53 



41 ®42 54 @55 



40 'a41 53 @55 



slab 



45 (3 46 

 42"®44 



Manicoba 

 Mangabeira, sheet 



Guayule 34 ® 



Balata, sheet 52 @ 53 



Balata, block 43 @44 



African. 



Lopori, ball, prime No suppl; 



Upper Congo, ball, red No suppl; 



42 (S- 53>/$@54 



30 ® 



i2 (<f 39 



32 (ffi38 36 @39 



i2'A& 33 @3S 



52J4@53 56 @58 



44 (S!45 45 @46 



65 



^^a^s; 



red 



No supply 



Cameroon, ball 45 (5) 



Benguela 34 (g> 



Accra, flake 28 (Si 



Kio Nunez Niggers 



Konakry Niggers 



E.xsT Indian. 



Pontianak ' 1 1\ .'.'.'. ..'.'.'.'.'.'.'.'.'.'.'. '.'.'.'.'.'.'.'. 



47 & 50 @54 



654® 6y^@ 7 



nV:(a\2 1IJ<@12 



38 @40 



2.50@ 



1.85@2.00 



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 situation as re- 

 gards commercial paper remains unchanged from what we 

 have reported for several months past, the demand con- 

 tinuing good and the best rubber names going freely at 

 4@4^ per cent, (with occasionally something extra choice a 

 little lower), and those not so well known 5@5'4 per cent." 



(NEW RUBBER). 



1914. 1915. 



$0.64(^0.66 $0.55@0.57 



Uprive 

 Islandl 

 Island; 



PRICES FOR OCJTOBER 

 1913. 



$0.73(3 0.83 



47(3) .49 



67® .72 



.28(f» .29 



.36ft 



50(3 .54 

 26@ .28 

 28@ .29 



IMPORTS FROM PARA AT NEW YORK. 



IThe Figures Indicate Weights In Pounds.] 



October 25. — By the steamer Rio dc Janeiro from Para: 



Meyer & Prown 



Henderson & Korn... 



Arnold & Zeiss 



C. Amsinck & Co 



T. T. Johnstone & Co. 

 II. .\. Asllcit & Co... 



Coarse. 



132.900 

 86,300 

 16,300 

 27,700 

 13.200 

 5,400 



Caucho. Total. 



20,400= 199,700 



8.000= 129,100 



5,500= 78.400 



= 44,100 



= 13,200 



4,700= 10,100 



Total 



46,100 281.800 38,600= 474,600 



