July 1, 1916.] 



THE INDIA RUBBER WORLD 



Review of the Crude Rubber Market. 



NEW YORK. 



THE crude rubber market for the past month has been ex- 

 tremely quiet, with very little business other than occa- 

 sional small orders for the purpose of trying out the mar- 

 ket, and desuhory trading among the local dealers. This is 

 the quiet season when the mills usually commence to slow down 

 for taking inventory or making necessary repairs and additions 

 to equipment, therefore, unless something unusual happens, the 

 large buyers have no reason to be interested in the present mar- 

 ket. 



Early in the month the reported heavy buying of futures, run- 

 ning into 1917, and the activity of London had a strengthening 

 eflfect on the local market, resulting in firm prices. On June 1, 

 First latex, spot and nearby, were selling for 66(a,66V2 cents, 

 with July-December at the same figures, and future positions 

 during 1917 were quoted 62^^ cents. Smoked sheet ribbed, spot 

 and nearby were 65 cents; July-December 65(S;<55'^< cents, and 

 futures for 1917 were quoted 61 '/i cents. Upriver fine was 

 steady at 65 cents, and July-.'^ugust deliveries were quoted at 

 the same figures. 



Extreme dullness continued to rule the local market as the 

 month progressed and prices continued to decline to such an 

 extent that on June 15, Upriver fine was selling at 2 cents pre- 

 mium over First late.x. Toward the end of the month these 

 unusual conditions, accompanied by steadily declining prices, 

 had developed a most unsettled tone to the local market. On 

 June 28, however, Upriver fine, spot and nearby developed con- 

 siderable activity due to speculative interests coming into the 

 market, and running the price of Upriver fine up to 67 cents. 

 July-December was firm at 64 cents. The other Para sorts, how- 

 ever, are normal. On the same day First late.x, spot and nearby 

 were selling at 61 cents, with July-December at the same figures. 

 Smoke sheet ribbed, spot and nearby, were 595^@60 cents, and 

 July-December at the same figures. .'Vll future positions for 1917 

 were selling at spot quotations. 



New York arrivals for the first three weeks of June are ap- 

 proximately 5,635 tons, as compared to 6,756 tons for the same 

 period last month, and are as follows : Plantations from London, 

 2,535 tons; Singapore, 1,855 tons; Para rubber from Brazil, 645 

 tons; from Europe, 60 tons; Centrals, 80 tons; Guayule, 180 tons; 

 Africans, 185 tons ; Manicoba, 95 tons. 

 LONDON. 



June opened with declining values, that continued to fall with 

 few unimportant rallies throughout the month. June 1, Standard 

 crepe was 62.3 cents ; Smoked sheet, 60.8 cents, and Hard fine, 

 64.8 cents. The sensitiveness that has featured the June market 

 has continued up to the present writing and both buyers and 

 sellers are apparently unwilling to try the strength of the posi- 

 tion. 



The supply of crude rubber is undoubtedly unwieldy. America's 

 demands have evidently quieted down for a time and the situation 

 is very much like a ship in the doldrums, — something may hap- 

 pen at any time. On June 28, Standard crepe was 57 cents, 

 Smoked sheet 56V'2 cents and Hard fine 64 cents. 

 SING.\PORE. 



There were 1,302 tons sold at the four auctions held between 

 May 31 and June 21 inclusive. The average price being 57.2 

 cents for crepe and 55.9 cents for Smoked sheet. 



The following are the new freight rates from Singapore to 

 Boston and New York via the Suez or Panama Canal : 



Rubber scrap (eases) $36.00 per 50 cubic feet 



Gutta jelutong (cases) (Pontianak) 39.60 per 50 cwt. 



Rubber shavings, not exceeding $300 per ton (cases) 39.60 per 50 cubic feet 



exceeding 24 



feet 



Gutta reboiled or mixed, 



per pound (c. i. f. in cases) 40.80 per ,„ 



Borneo rubber (baskets) 48.00 per 12 .„>. 



liorneo, Para, and rubber, genuine (cases) 48.00 per 50 cubic feet 



Ijutta percha (cases) 50.40 per 50 cubic feet 



Rubber, genuine (bags or bundles) 72.00 per 20 cwt. 



The new through rate on rubber in cases from Port Swetten- 

 ham, Malacca, Teluk Anson, Port Dickson, is $51.60 per SO cubic 

 feet. In cases by steamers calling at Port Swettenham is $48 

 per 50 cubic feet. [The equivalent of a ton (2,240 pounds) is 

 figured at 40 cubic feet, a hundred weight (cwt.) 112 pounds.] 



NEW YORK aUOTATIONS. 



the quotations at New York one year ago, one 



Following 

 month ago, and June 29, the current date 



.Tune 29, 1916. 

 65 @66 



3A'A@ 

 49 @ 

 45 @ 



( Spot.. 63 (a Spot., 

 (Afloat 62H<a63 July-1 



Centrals. 

 Corinto . . . . 

 Esmeralda, s, 



Mexican pla; 



C*34 

 @56 

 (3)47 



African. 



Lopori, bail, prime 54 (556 



Lopori, strip, prime 



Upper Congo, ball, red 



Rio Nunez Niggers 55 (?56 



Conakry Niggers 54 @ 



Massai. red 53 @54 



Soudan, Niegers 



Cameroon, ball, soft 



Cameroon, hall, hard 



Benguela. No. 1 32^^33 



Bcnguela, No. 2 



Accra, flake 23 @ 



East Indian. 



Assam 48H@49 



Pontianak 7 (3) 7V 



Gutta Siak 14 @l4y 



Gutta red Niger 



Borneo III 



Gutta Percha 



