-■'56 



THE INDIA RUBBER WORLD 



[June 1, 1917. 



Review of the Crude Rubber Market. 



Copyright I^iy. 



NEW YORK. SINGAPORE. 



THE feature of the market for the past month has been the Tlic inability to secure adequate cargo space threatens this 



demand for spot and nearby rubber of all grades and source of America's greatest rubber supply. Shipping permits 



sorts. The volume of business transacted has been large are curtailed or canceled for preferred cargo allotments. The 



in some quarters, while in others very little has been doing. difficulties in negotiating drafts are becoming more apparent 



Sellers who were able to make prompt deliveries have had no and this constitutes a serious menace to this market. Exporters 



trouble in disposing of their holdings. Inquiries for futures are looking hopefully for relief of some sort from .American 



have been noticeably frequent but actual buying was negligible, consumers. 



due to the tendency on the part of consumers to await lower The Singapore cables indicate a dull market with small de- 

 prices. The shipping situation is becoming more complicated, mand. At the auctions held April 28, May 5, 11, 18 and 25, the 

 and freight rates have again advanced. Ocean charges are in- following average prices were obtained: First latex crepe and 

 creasing to such an extent that 15 cents a pound for Far East- Smoked sheet ribbed 65.36 cents, compared to 68.9 cents last 

 crn shipments is not at all improbable. month. Tlie total quantity sold wa> 2.618 tons compared to 



Plantation prices have been generally steady with slight 2,105 tons last month, 



changes during the month, the tendency being upward. On May new yohk spot quotations. 



1 First latex and Smoked sheet ribbed spot were 81H cents; i.,,,.„i,on p.^«.^s- •"'I'pTe!' ^ilV: ^%f: 



Tulv-December for both grades was quoted 77 cents. Tlie Fir^t-latex cre-e ) ,.,,^,. „, „, , 



prospect of a war tax stimulated the market somewhat and on A^r crTpei/ght-gVi.Vly ! '.:::. \ 64;/.® 81 @81H 80 @ 



May 15 First latex and Smoked sheet ribbed spot wxre 85 cents Amber crepe, dark -. isi 78 @ 79 @ 



,,,,_, , , , , J ^r.,/ i T-, • i-u Brown crepe, thick cle.ln @ 77H@ 77 @ 



and July-December for both grades was 79J6 cents. Durmg the Brown crepe, thin dean, light 



last two weeks the market eased off as the buyitig interest re- Bro^!''c''repe: Vhin- clean .: i ! i :::: 63 I 77Vj78..i 78 S 



laxed and on Mav 26 First latex and Smoked sheet ribbed Brown crepe, thin specky @ 72 @ 73 @ 



" , T 1 T^ L r ii J 7o Brown crepe, thin barkey (n 68 @69 - 70 @ 



spot were 83 cents and July-Deceinber for these grades was /S Brown crepe, rolled m 65 @66 65 @ 



. Smoked sheet, ribbed standard 1 



'^'^'"^- . _ quality 1 6iyi@ 84 @84V$ 83 @ 



Spot Paras have been in demand. Upriver fine selling at /6 'Hevea ribbed smoked sheets. J 



, , „, . r . 1 J ■ .,1 xi TT • Smoked sheet, plain standard] 



cents on May 26, a gain of 2 cents durmg the month. Upnver quality l 



coarse has been especially strong, the price of 54 cents on *"hee?s "'".'". .°.''. fT."!'. .™°'!? J "^ 



Mav 26 being considered unusually high. This grade has ad- Unsmoked sheet, standard quality ) -o,/,a, -oi/«a 



" , , „, , , . ^1 ,1 /- ^ 1 1 1, *Hevea unsmoked sheets J .'5 /o/2® l^y2<g> 



vanced about 2>< cents during the montli. Centrals have been Singapore scrap, .\o. i •. 'S 60 @ 60 @ 



going w^ell at higher prices and spot stocks are very small. Cen- ?Srscrap,''Na''"i. ':;:::::;:: | 62 | 62 f 



trals are now higher in price than Caucho ball. The call for Colombo scrap. No. 2 n 58 @ 58 @ 



Africans, particularly spot and near by. has been no exception '''""upHver^'fi'neT 65 w 75 @ 76 @ 



to the demand for all grades of nearby rubber. Upriver medium ep 69 @ 69 @ 



_ . 1 /• 1 J- T -jn im/; c/i {\i\r\ ^ ! Upriver coarse 49 @ 51!4@ 54 @ 



During the fiscal year ending June 3U, 1916, 56,000 tons ot • Kr.apsack Madeira s 82 @ 83 @ 



plantation rubber were imported into the United States from ^t?^!;^? ""L'^bali i ! ! ! ! ! ! i ! : ! ! ; « I 51 K I 51 I 



the Far East, the average being 4,676 tons a month and we Islands fine 59 @60 72 @ 73 @ 



, , 1 -vT ^1 ^ 1 • ■ -^ Islands medium (S 65 @ 65 @ 



have consumed every pound. Now the eastern shipping situa- Islands coarse 30 <? 34 @ 35 @ 



tion threatens to curtail this important source of supply, and. ci^e^l ^^'^.^!^.'.'.'.V.'.'.V.'.'.'.'.'.'. 35 I 37 | 38 I 



moreover, Singapore shippers are beset with new difficulties in Lower caucho ball 45 <i' 45 @ 46 @ 



. , ., , , ,. ■ ^ Peruvian fine d^ 71 @ 72 @ 



securing permits, while the exchange question continues to Tapajo<- fine @ 72 @ 73 @ 



grow more serious. That the able committees of The Rubber Africans — 



, . . r , • , • .■ 11 ^ • Accra flake 37 @ 30 @ 31 @ 



Association of America, now working energetically to insure Niger flake 37 (g 29 @30 31 @ 



a constant supply of crude rubber will be successful is confidently ienSell: No.'V'j"" %.^*!'!:::: | 38 S 38 S 



expected. Eenguela! No! 5' 40%. .1.'!!'. .. @ 33 @ 33 @ 



T rivnnx^ Congo prime, black upper (^ 64 @ 64 @ 



i,u.\uui\. Coneo prime, red upper (S 59 @ 57 @ 



Early in the month trading was brisk on all grades and for- §'" v """ ^^'V ' ' •;(■ V •;;; I «^ f «! I 



-* ° ,° Rio Nunez sheets and strings @ 66 @ 64 @ 



ward sales were freelv reported. Standard crepe spot was go- Conakry niggers 6i ®62 66 (» 66 @ 



,, ,T.,, T,r' , , tr 1J1 1. i iji-?^.,/j Massai sheets and string? @ 66 @ 64 @ 



mg well at 37d. on May 1 and Smoked sheet spot sold at 3o%cf. ^ 



Forward sales of the standard grades were made at 363Ad. The Esmeralda sausage 44 @ 52 (353 52 @53 



, , ,■ . r • 1 .• -.,1, i- 1 *i *• Central scrap 42 @44 51 @52 51 @52 



market continued fairly active with particular attention cen- Central scrap and strip 40 ®42 48 @49 50 (351 



tered on May-June arrivals that were quoted at relatively higher Gulv'ul'e '"' ^'"'''' ::'::'39 | 30 §45 30 !« 



prices than spot rubber. Prices remained fairly steady during ifAMcoBAs 



the balance of the month that was characterized bv quiet con- Ceara scrap -ff ^| f H -® 



- ^ . Ceara negio heads ^ 48 @ 49 @ 



ditions almost approaching dullness. The spot quotations on Manicoba special 45 ffl 425^ @ 42 @ 



,, -,, c-i J J - i^T/j J c 1 J u i -uu J Manicoba extra 41 @ 38 @ 37;/4@38 



May 26 were: Standard crepe, ioyid.. and Smoked sheet ribbed, Manicoba reoular 36 (s 33 @ 32 @ 



-!,(:,%/, A St.Tngabeira Ihin sheet 42'/'@ 41 @ 40'/S@41 



-"'^"- Mangabeira thick sheet 34 @ 22 @ 33 @ 



The report that British ships have been taken off the Far i,\lat\ 



Eastern run, leaving rubber cargoes to Japanese and Norwegian s.f-fnan^'ThVt '.'.'.".'.'.'.'.'.'.'. ICi |70!5 90 faS 95 i*^ 



carriers, has caused considerable comment. jr,5.j Ixdun 



London imports for March were 6.562 tons, compared to ^^^ "^^ V^■.V:.V.■.V.^::.V.^/'^ % 70 S 70 %n 



4.748 for February. Reexports were 2,827 tons, compared to Penang Mock scrap /s 52 ® 50 @52 



-f,,, ^ X f I T- 1 • ^ i -KJ- I Pontianak pressed 7 M (? 20 @ 20 ® 



5.043 tons tor rebruary. Liverpool imports tor March were Eandjermassin @ '6 <^ 16 WIS 



2.218 tons, compared to 2,410 tons for February. Reexports inma percha. red Macassar l.50ffi2.O0 2.20& 2.2003.00 



were 1.232 tons, compared to 1,331 tons for February. * Rubber Association of America nomenclature. 



