November 1, 1916.] 



THE INDIA RUBBER WORLD 



109 



Review of the Crude Rubber Market. 



Copyright, 1916. 



NEW YORK. 



THE long period of comparative stagnation that ha-s charac- 

 terized the New York market for the past four months 

 is unusual in the history of the trade. While the large 

 buyers are supposed to be carrying ample emergency stocks, it 

 was believed that the fall, which is the initial period for selling 

 rubber goods, would see active covering of crude rubber re- 

 quirements. Lower prices have been confidently expected by 

 the consuming trade, based on the assuring reports of increased 

 production. 



The month of October, just passed, has only shown slight 

 evidences of the expected heavy buying movement, and instead 

 of lower prices, the range of values has been, in fact, upward. 



The temporary fright occasioned by the nearby German sub- 

 marine operations was reflected in crude rubber by a sharp ad- 

 vance of 3 to S cents on October 9, when war risks went to S 

 per cent and grave uncertainty was felt concerning the future 

 of freights and rubber supplies. When the danger subsided, 

 insurance receded to 1}/^ per cent and in a few days the market 

 had declined about 2V4 cents. Easier conditions were in evidence 

 later and lower prices prevailed until the last week of the month, 

 when the market became firmer and prices again took an up- 

 ward trend. On October 30, First latex spot was 63;/2 cents, 

 Smoked sheet ribbed, spot. 63 cents, January-June diV-z cents. 

 The market was strong on all grades. 



The unusual position of Upriver fine is due to drought and the 

 consequent low water on the Amazon that has prevented the usual 

 arrivals of rubber at this time of the year. Moreover, the supplies 

 necessary for the senngueros are being detained by the same 

 cause and will undoubtedly delay the future arrivals of Para 

 sorts. Russian buying is another well-known reason for the 

 strong position of Upriver fine. On October 30 this grade was 

 selling for 81 cents spot in a firm market, futures 79 cents. For 

 a period approximating the first three weeks of October, about 

 3,465 tons of rubber arrived at the port of New York, divided as 

 follows : Plantation from Ceylon, 1,000 tons ; Singapore, 400 

 tons ; London and Liverpool, 600 tons ; Para from Brazil, 500 

 tons ; Centrals, 700 tons : Africans, 125 tons ; Manicoba, 80 tons ; 

 Guayule, 60 tons. 



LONDON. 



The past month has been, altogether, quiet, with trading con- 

 fined to dealers' sales and the covering of short requirements. 

 Prices have been generally firm in a gradually advancing mar- 

 ket that has recorded gains of about 2 cents during the month. 

 The real buying interests have, however, failed to follow the rise 

 in prices, preferring to take the necessary chances involved. 

 This policy has been also observed in forward sales which 

 have been freely offered here at prices that are too close to 

 spot quotations to be interesting. On October 28, First latex 

 was 59.7 cents. Smoked sheet 56.7 cents, and January-June, 

 60.2 cents in a strong market. 



London imports for September were 6,000 tons, against 

 4,320 for August. Liverpool imports for September were 1.160 

 tons, against 1,100 tons for August. 



SINGAPORE. 



The result of the auctions held September 29, October 6, 12, 

 20 and 26 was as follows : Pale crepe averaged 54.2 cents and 

 Smoked sheet 53.6 cents. Amount sold, 2,555 tons. For the 

 period from September 8 to 14 inclusive, the export duty on 

 rubber was assessed on a price of 48.8 cents per pound for all 

 grades. 



NEW YORK QUOTATIONS. 



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



month ago, and October 30, the current date : 



Para. Nov. I, 1915. 



Upriver, fine, new 56 (3' 57 



Upriver, fine, old 57 (5-58 



Islands, fine, new 54 @ 



Islands, fine, old 55 y? 



Upriver, coarse, new.... 44 @44l/2 



Upriver, coarse, old 45 @ 



Islands, coarse, new 27 @27^ 



Islands, coarse, old 28 @ 



Cameta 28 (g)29 



Caucho, ball, upper 44 @45 



Caucho, ball, lower 42 @43 



Plantation. 



First latex 



creoe (Spot.. 61V3@62 fSpot... 60 @ 

 (Afloat 60 @60J^ i Futures 60 @ 



Amber crepe, light (Spot... 57^ @ 



1 Futures 57H@ 



Brown crepe, clean \ •~!P'^^ ... 54 @ 



I rutures 54 @ 

 Smoked sheet, 



ribbed . iSpot.. 61/,@62 (Spot... 59J^@ 



I Afloat 60 @6G'/^ (Futures 59^4@ 

 Fine sheets and biscuits, 



unsmoked 58 @58J/^ 



Centrals. 



Corinto 41 @42 



Esmeralda, sausage 41 @42 



Nicaragua, scrap 40 @41 



Mexican plantation, sheet 



Mexican, scrap 42 @ 



Mexican, slab 3D (^ 



Manicoba 32 @39 



Mangabeira, sheet 32 (Si 38 



Guayule 32 J/i @ 



Balata, sheet 52J^ 1^)53 



Balata, block 44 @45 



African. 



Lopori, ball, prime 53 @S4 



Lopori, strip, prime 



Upper Congo, ball, red.. 52 @ 



Rio Nunez Niggers 53 @ 



Conakry Niggers 53 @ 



Massai, red 52 @ 



Soudan, Niggers 



Cameroon, ball, soft 



Cameroon, boll, hard 



Benguela, No. 2 Superior 



Benguela, No. 2 32 @ 



Accra, flake 



East Indian. 



Assam 47 & 



Pontianak SYz @ 



Gutta Siak Ilj^{al2 



Gutta red Niger 



Borneo III 



Gutta Percha, red Macassa 2.50@ 



42 @ 

 4iy3@ 

 41 @ 

 46 (S52 

 40 @ 



31 @ 

 42y2@ 

 37J^@ 



32 @33 



65 @ 



50 @ 



51 @ 



51 @ 

 54 @ 



52 @ 



50 @ 



38 @ 

 34J/S(^35 



38 @ 



13 (a 

 26J^@ 



1.60 (ffl 1.88 @ 



MARKET CABLE SERVICE FROM LONDON. 



The following; market report has been cabled from Aldens' Successors, 

 Limited, London: 



Standard Smoked 



October 2 cents 55.9 55.4 Q"'^'- 



October 9 58.9 57.9 Firm. 



October 16 57.9 57.0 Easier. 



MARKET CABLE SERVICE FROM BINGAPOEE. 



The following reports of the weekly auctions held at Singapore have been 

 cabled by The Waterhouse Co., Limited: 



Date 



Sept. 29. .CfHa 52.7 



Oct. 12 55.2 



Oct. 20 54.4 



Oct. 26 55.6 



Smoked 

 Crepe. Sheet. 

 Price Price Pounds 



per lb, per lb. Sold. 



Market. 



per ID. ouiu. ^.iaiivci. 



52.2 1,127,920 Good demand for all descriptions. 



Oct. 6 53.1 52.7 1,111,040 Good demand for all descriptions. 



54.8 li048i320 General and active demand. 



53.5 891.526 Flat. 



54.8 1,444,800 .Active at the advance. 



