August 1. 1916.] 



THE INDIA RUBBER WORLD 



635 



Review of the Crude Rubber Market. 



Copyrigh 

 NEW YORK, 



IT Can be said in general that the market conditions which 

 have prevailed during July were decidedly quiet. There has 

 been, however, a lair demand and considerable inquiry with 

 the principal interest centered in plantation futures for delivery 

 during the coming year. Spot plantations have been scarce with 

 prices ruling higher than quotations on forward positions for 

 next year. The arrival of about 800 tons at San Francisco, 

 last month, is the record for that port ; however, Seattle is still 

 the principal port of entry for eastern shipments via the Pacific 

 coast. 



Upriver line was still high as compared to First latex and has 

 maintained a generally firm position throughout the month, but 

 an easier tendency was noticed during the closing week. Sup- 

 plies of this particular grade are scarce, but it is too early for 

 the market to feel the effects of the new crop that is not due 

 to arrive until November. The other Para grades were fairly 

 plentiful at normal prices. 



During the last week of the month the cables from London 

 announced a sharp advance and the New York Market re- 

 sponded accordingly by promptly advancing. This was primarily 

 due to the reports of heavy buying in the eastern markets 

 and rumors of large orders being placed in London for Russian 

 account. This movement has the appearance of only a temporary 

 flurry, and that it will subside as soon as the dealers have cov- 

 ered their requirements, is freely predicted. 



The market was fairly steady with firm prices early in the 

 month, but the heavy arrivals in London reported later caused 

 prices to break sharply. On July 5, First latex spot and 

 July-December were quoted 58 cents. Ribbed was 57 cents for 

 both spot and futures while Upriver fine sold for 68 cents for 

 spot and July-December deliveries. Prices for plantations con- 

 tinued unchanged, with minor fluctuations, Smoked sheet ribbed 

 holding about a cent lower than First latex until the middle of 

 the month when only a difference of one half cent was noted. The 

 advance occurred on July 26, when First latex spot was quoted 59^ 

 cents, buyers 58^ to 59 cents and Smoked sheet ribbed spot 

 was 59'/2 cents. Upriver fine spot was scarce at 67 cents, and for- 

 ward positions were held at 65 cents. The medium grades 

 were normal, with the exception of Islands fine spot that was 

 quoted 56^<^ cents and Islands coarse spot at 26^ cents. .A.n easier 

 tendency was noticed in all Para grades during the last week 

 of the month. 



The arrivals at New 'Sork. July 1-19, were approximately 

 3,530 tons compared to 5,635 tons tor about the same period in June. 

 They were as follows : Plantations from London and Liverpool, 

 1.31)0 tons; Colombo. 300 tons; Singapore, 80 tons; Seattle 760 

 tons ; Para rubber from Brazil, 800 tons ; from Europe, 80 tons ; 

 Centrals, 50 tons; Guayule, 58 tons; African, 17 tons and Mani- 

 coba, 85 tons. 



I.O.NDON. 



The London market has been generally quiet and uneventful, 

 with little to record other than the possible causes of the sharp 

 advance that occurred late in the month, which has been already 

 mentioned. On July 1, First latex spot was 56 cents and 

 Smoked sheet ribbed spot, 55.5 cents. These prices con- 

 tinued during the month with slight variations until July 28, 

 when First latex spot was quoted 55 cents and ribbed spot 54.5 

 cents. London crude rubber arrivals during June were ap- 

 proximately 4.000 tons. Liverpool arrivals for the same period 

 were 1,000 tons, 



SING.\PORE. 



There were %7 tons sold at the four auctions held on July 



7. 13. 20 

 Smoked s 



iiul 27. Crepe brought an average of 53.2 cents and 

 icet, 52.1 cents. Good demand and an active market 

 •ted at the last auction. 



NEW YORK QUOTATIONS. 



Following are the quotations at New York one 

 month ago, and July 29, the current date : 



P■^«.^. August 1, 1915. 



ITpriver, fine, new 60 (960^ 



Upriver, fine, old 61 @6.1 



Islands, fine, new 51J^@52 



July I, 1916 

 65 @66 



old. 



Islands, fi 

 Upriver, c 

 Upriver, c 

 Islands, coarse, nev 

 Islands, coarse, old 



Caucho, ball, uppei 

 Caucho, ball, lower 



57 @ 

 41J/5@42 



43 @ 



Pl.ANT.^TION. 



First latpv rrpiie f Spot- • 63 @ 

 1 irM latex crepe . j j^ff^^^ 62J^@ 



.Amber crepe, light 



Rrov\n crepe, clean..; 



ribbed 



I .\fl 



615 



and 



60 @ 



43!4(a) 

 42'A@ 

 42 @ 



Corinto 



Esmeralda, sausa 

 Nicaragua, scrap 

 Mexican plantation. 



sheet 



Mexican, scrap 42'AlS 



Mexican, stab 



Manicoba 37 @38 



Mangabeira, sheet 38 @ 



Guayule 34 @35 



Balata, sheet 55 @56 



Balta, block 47 @48 



Lopori, ball, prime S3 (3)54 



I.opori, strip, prime 



Upper Congo, ball, red 



Rio Nunez Niggers 55 @ 



Conakry Niggers 53 @ 



Massai, red 52 @53 



Soudan, Niggers 



Cameroon, ball, soft 



Cameroon, ball, hard 



Benguela, No. 1 33 @ 



lienguela. No. 2 



Accra, flake 22"<S@ 



East Indian. 

 .\ssam, block .. 

 Pontianak 



Gutta red Niger. 



44 @48 

 7'A@ 

 12J^@14 



year ago, one 



July 29, 1916. 

 66!/i@ 



59 



40H@ 

 28/2 @ 

 32 @ 



36/ @ 

 35/@ 

 33 @ 



24 .(^25 

 .50 (82.50 



UARKET CABLE SERVICE FROM SINGAPORE. 

 ing reports of the weekly auctions held at Singapore have been 

 e Waterhouse Co., Limited: 



Crepe. Smoked Sheet. Pounds 

 Price per lb. Price per lb. Sold. Market. 



•nts 52.2 51.8 739,200 Active, same prices. 



July 13 54.8 53.1 560,000 Duller. 



luly 20 53.4 51.0 636,160 Firmer, more inquiry, 



iulv 27 52.7 52. 



Date, 

 luly 7. 



846,720 



good demand. 



