304 



THE INDIA RUBBER WORLD 



[February 1, 1917. 



Review of the Crude Rubber Market. 



Copyright IQ17. 

 NEW YORK. 

 AXUARY has proved to be a very dull and uninteresting 



I month that closely parallels the market conditions of a year 

 •^ ago. While this time of year is generally unfavorable for 

 large buying, the fact remains that the mills have been excep- 

 tionally busy, which augurs well for the future, at least. The 

 considerable trading that has been indulged in between dealers 

 is the only redeeming feature of an otherwise colorless rubber 

 market. The large manufacturers appear to be well fortified with 

 ample stocks and contract deliveries are regularly arriving. It 

 would seem that the heavy buying interests are cautiously 

 covering their requirements far enough ahead and in a manner 

 that will not bull the market. The reports of ample plantation 

 production and surplus stocks in London are reassuring, it is true, 

 but the constantly increasing shipping difficulties constitute a 

 formidable portent. 



On January 2, First latex crepe and Smoked sheet ribbed, 

 spot, were 80 cents with January-June deliveries at 77 cents. 

 Upriver fine was quite firm around 79 cents. The generally quiet 

 conditions that have ruled during the month were reflected in 

 easier prices that have recorded a decline of 6 cents in plantations 

 and 2 cents in Paras. On January 27 First latex crepe and 

 Smoked sheet ribbed, spot, rubber were easy at 74 cents with 

 futures as follows : February-March, 73 to 731/2 ; April-May, 71, 

 and July-December, 68. Upriver fine was steady at 77 cents. 



LONDON. 



The London situation has been remarkably sustained, in view of 

 possible contingencies, by ample stocks. The importers are alive 

 to the many difficulties that harass ocean trade at this time and 

 also the inevitable result of an unbalanced market. 



Stocks of rubber in London on January 1 compared with hold- 

 ings at the same date in the two preceding years are as follows : 



I9I6. 



Centrals and South American 24 



Mattogrosso 15 



Plantation (Ceylon, Malay, etc.) 9,892 



Rangoon and Assam 3 



Penang * 78 



Malaysian . . ■ 



Mozambique 13 



Madagascar 14 



African, etc.* 152 



—Tons — 



1915. 



10 



2 



6,618 



5 



51 



14 



5 

 95 



'6.809 



1914. 



16 



66 



5,904 



3 



59 



I 



185 



3 



192 



6,704 



Totals 10,199 



London imports for December were 5,150 tons against 6,118 

 tons for November; Liverpool imports for December were 1,771 

 tons against 1,192 tons for November. The reexports for De- 

 cember were as follows : London, 2,421 tons ; Liverpool, 368 tons. 

 campared to 4,656 and 951 tons, respectively, for November. 



Prices have not changed to any great extent. On January 2, 

 First latex crepe and Smoked sheet ribbed were 73 cents in a 

 firm market. On January 26, First latex crepe and Smoked sheet 

 ribbed had declined to 70.5 cents. • 



SINGAPORE. 



A record quantity of 1,003 tons was catalogued for the Decem- 

 ber 6 auction, of which 586 tons were sold. There was a strong 

 demand for First latex pale crepe at 65.8 cents and Smoked sheet 

 ribbed sold readily at 65 to 65.8 cents. The lower qualities sold 

 well at an average price of 63.3 cents. The December 13 auction 

 brought out 954 tons and only 109 tons were sold, showing the 

 depressed market conditions. A few lots of Smoked sheet ribbed 

 sold at 69 to 70 cents. First latex pale crepe was not in demand 

 and a few small sales were made at 68 to 69 cents. The average 

 prices obtained at the last auction held in December and the first 

 three in January are as follows : First latex pale crepe, 63.1 cents, 



and Smoked sheet ribbed, 62.36 cents. The amount sold was 1,672 

 tons, compared to 1,350 tons sold at the first four auctions in 

 December. 



COLOMBO. 



The closing of the auction sales at Colombo due to the 

 inability of the banks to handle drafts has made reports of price 

 quotations impossible. Orders are therefore being sent to London 

 for attention. 



BATAVIA. 



The auction of November 24, 1916, brought out 7,601 pounds, 

 all of which was sold in a firm market, Smoked sheet ribbed 

 bringing 65 cents. The next auction will be held on December 1, 

 and 32,164 pounds are already registered. 



MEDAN. 

 The fourth Medan auction was held on November 16, 1916^ 

 when 46,164 pounds were sold. First latex crepe and Smoked 

 sheet ribbed sold readily in a firm market. The next auction will 

 be held November 30. 



NEW YORK aUOTATIONS. 



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

 month ago and January 29, the current date : 



Jan. 1, 1917. 



78 @ 



Para. 

 Upriver, fine, new.. 

 Upriver, fine, old.... 

 Islands, fine, new... 

 Islands, fine, old. . . . 

 LTprivei, coarse, new 

 Upriver, coarse, old. 

 Islands, coarse, new. 

 Islands, coarse, old..... 



Cameta 27 



Caucho, ball, upper.... 59 

 Caucho, ball, lower 56 



Plantation. 

 First latex crepe . . . 



Amber crepe, light 



Brown crepe, clean 



Smotced sheet, ribbed.. "8 



Fine sheets and biscuits, 

 unsmol<ed 78 



Centrals. 



Corinto . . 55 



Esmeralda, sausage .... 54 



Nicaragua, scrap 53 



Mexican plantation, sheet 60 



Mexican, scrap 53 



-Mexican, slab 35 



Manicoba 45 



Mangabeira, sheet 35 



Guayulc 41 



Balata, sheet 64 



Balata, block 46 



Jan. 29, 1917. 

 77 @ 



@61 



33 



54 

 50 



fSpot... 79 

 (Futures 76 

 ( Spot. .. 75 

 ( Futures 73 

 (Spot... 74 

 \ Futures 69 

 ( Spot... 79 

 1 Futures 76 



@ 



72 @ 



50 @ 



31 @ 



32 @ 



51 @ 

 49 @ 



@70 



@ 

 @ 



Spot .... 75 

 Apr. -June 72 

 Spot .... 71 

 Futures 



Spot 



Futures. . 



70 



@7S>4 



@ 



@72 



@71 



Spot ....75 @75J4 

 Apr. -June 72 @ 



@56 

 @55 

 @54 

 @61 

 @54 

 @36 

 @46 

 @38 

 @42 

 @ 



51 

 50 

 48 

 49 

 48 

 34 

 35 

 36 

 42 

 75 

 63 



@36 



African. 



Lopori, ball, prime 



Lopori, strip, prime.... 

 Upper Congo, ball, red. 



Rio Nunez Niggers 



Conakry Niggers 



Massai, red 



Soudan, Niggers 



Cameroon, ball, soft.... 

 Cameroon, ball, hard... 

 Benguela, No. 2. Superior 



Benguela, No. 2 



Accra, flake 



East Indian. 



Assam 



Pontianak 



Gutta Siak 



Gutta red Niger 



Borneo III 



(a 7 7 

 @72 



62 

 60 

 60 



62 

 60 

 60 



@62 



@41 



39 

 34 

 30 



13 @13J^ 



.. 35 (5)35!^ 

 Gutta Percha, red Macassa 1 . 50 @ 2 . 00 



14 @ 

 28 @ 



1.90S 



44 

 41 

 30 



SO @ 

 22"@' 



i!96@' 



