694 



THE INDIA RUBBER WORLD 



[September 1, 1916. 



Review of the Crude Rubber Market. 



Copyright, 1916. 



NEW YORK. 



AUGUST has been a very quiet month for crude rubber, a 

 condition that was generally anticipated in the trade at 

 this time. Extreme dullness has characterized the mar- 

 ket, with only routine business to occupy the attention of im- 

 porters and dealers. Inquiries were few and lacked the real buy- 

 ing tone that has apparently been absent from the New York 

 market for some time. Plantation prices are practically the same 

 as they were a month ago, at figures about one cent lower than 

 the London market. The fluctuations noted in the foreign pri- 

 mary markets during the month have been reflected locally, but 

 without resulting in any business to warrant further price activity. 



A peculiar condition of the New York market is noticed in the 

 fact that sales have been made at less than ruling prices, while 

 attempts to buy on the London market at ruling prices are in- 

 variably met with one-half to one cent advance. 



The feature of the month has been the continued firmness of 

 Upriver fine and there was a noticeable scarcity of this grade 

 toward the end of the month. The natural result of this con- 

 dition has been the stiffening of prices on the other grades. 

 Plantation rubber appears to be well supported during the period 

 of waiting that exists in the belief that First latex at 55 cents 

 is a near possibility. Until buying orders are placed for large 

 quantities or some unusual disturbance occurs in the primary 

 markets, there is small prospect of a change in the local situation. 



During the first three weeks in August, 4.600 tons of crude 

 rubber arrived in New York, compared to 3,530 tons for the 

 ■same period in July. There were as follows: Plantations from 

 London and Liverpool, 700 tons; Singapore, 950 tons; Colombo, 

 400 tons ; Batavia, 500 tons ; Para rubber from Brazil, 615 tons ; 

 Europe, 95 tons; Centrals, 380 tons; Africans, 436 tons; Mani- 

 coba, 20 tons; Guayule, 4 tons. From August 8 to 18, 500 tons 

 of Plantation were received at Seattle, compared to 335 tons for 

 the same period in July. 



LONDON. 



The unsettled condition of this market during August has 

 heen evidenced by irregular buying that has caused minor price 

 fluctuations which have not really afifected the general situation. 

 While the American demand, Plantations best customer, remains 

 apathetic there is not much hope for improvement. On August 

 1, Standard crepe spot, was done at 2s. 2]4d. [57.27 cents] and 

 Smoked sheet for 2s. l^rf. [52.20 cents]. Hard fine Para spot, 

 sold at 2.?. \0d. [68.92 cents]. On August 29. Standard crepe 

 spot, sold for 2s. ZY^d. [55.24 cents] and Smoked sheet was done 

 at 2s. Zd. [54.73 cents]. 



During July London imports were 4,553 tons, reexports 2,800 

 tons. Liverpool imported in the same period 906 tons and re- 

 exported 771 tons. Total imports for both ports were 5,459 tons, 

 against 4,288 for July. 



SINGAPORE. 



At the auctions held August 4, 11, 16 and 24, about 1,350 tons 

 ■were sold. First latex crepe and smoked sheet brought an av- 

 erage of 50 cents a pound. 



NEW YORK QUOTATIONS. 



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

 month ago, and August 30, the current date : 



P.^RA. Sept. 1, 1915. Aug. 1, 1916. Aug. 30, 1916. 



Upriver, fine, new 57 @ 66}4@ 69 @ 



Upriver, fine, old 58 @ 



Islands, fine, new 50H@ 59 @ 58 @ 



Islands, fine, old 52 @53 



I privcr, coarse, new... 43 @ 



llirivcr, coarse, old 43^@ 



l.slands. coarse, new 27 @28 



Islands, coarse old 



Cameta 28"^@29 



Caucho, ball, upper 42!/^@43 



f Spot . . 56 @ 

 ( Futures 56 @ 



;spot... 54 @ 



lokcd sheet, 

 ibbed 



Centrals. 



Corinto 



Esmeialda, sausage 

 Nicaiagua, scrap . . 

 Mexican plantation. 



sheet 



Mexican, scrap 

 Mexican, slab 



Mengabeira, . si 



Guayule 32 



Ealata, sheet 55 



Balata, block 45 



. . 35 





53 



Lopori, strip, prime 



Upper Congo, ball, red.. 51 @53 



Rio Nunez Niggers 52^@53 



Conakry Niggers 51 @52 



Massai, red 50 @52 



Soudan, Niggers 



oft. 



44 @ 



Benguela, Nc 



36M@ 



Pontianak 6Ji@ 7 



Gutta Siak 12H@14 



Gutta red Niger 



Borneo III 



Gutta Percha 2.00@2.50 



425^@45 

 37}4@ 





COMPARATIVE NEW YORK PRICES FOR AUGUST. 

 Commercial paper has been moving freely this month, the best rubber 

 going at 4J4 to 4Ji per cent, and those not so well known 5 to Syi 



1916.* 

 65@0.68 

 39@ .40 

 570 .59 

 27@ .28 

 32@ .33 



Uprive 

 Uprive 



'Figured 



August 26. 



MARKET CABLE SERVICE FROM BIN8AP0RE. 



The following reports of the weekly auctions held at Singapore have 

 cabled by The Watcrhou=e Co., Limited: 



Crepe. Smoked Sheet. Pounds 



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



Aug. i.. .cells 50.1 50.1 582,400 Slightly weaker— less de 



Aug. 11 51.4 51.8 938,560 A general and active dei 



Aug. 16 48.8 48.8 443,520 V ery dull. 



Aug. 24 49.7 49.7 748,160 Steady— holders are firr 



