July 1, 1917.] 



THE INDIA RUBBER WORLD 



617 



Review of the Crude Rubber Market. 



Copyright, 1917. 



NEW YORK. 



THE crude rubber market has been extremely dull during 

 the entire month of June, a condition that is usually ex- 

 pected at this time of the year when the mills, as a rule, 

 slow down for the summer. Arrivals for the past six weeks have 

 been extremely heavy particularly at the Pacitic ports. All of 

 these shipments that have arrived are for the most part overdue 

 rubber consignments to manufacturers who were thereliy well 

 supplied and not interested in nearby rubber. This left con- 

 siderable stocks in dealers' hands, resulting in heavy liquidation 

 that was the cause of the steady downward trend of values dur- 

 ing the month. Later, however, an active interest developed in 

 futures and substantial orders were placed by the manufacturers 

 when the quotation nf 64 cents was fairly well estalilished for all 

 positions covering the most part of 1918. 



The price of plantation rubber has declined 15 cents and Up- 

 river fine 5 cents a pound since June 1 when First latex crepe 

 and Smoked sheet ribbed spot were selling at 80 cents, and 

 future positions of First latex crepe and Smoked sheet ribbed 

 were, July-September, 77 cents, October-Decemlier, 75 cents. 

 Upriver line was quoted 74 cents in an easy market, Upriver 

 coarse 53 cents. Upper caucho ball SOJ/2 cents, and Cameta 38 

 cents. Africans were dull and uninteresting with Prime black 

 Congo in fair demand at 64 cents, .\ccra and Niger flake were 

 both easy at 31 cents. Centrals had a limited demand with 

 Esmeralda sausage at 52 cents, and Central scrap at 51 cents. 

 As the month progressed with substantial arrivals of contract 

 rubber, thejiolders of spot and nearby were forced to sell and the 

 market continued to decline. On June 28 First latex crepe and 

 Smoked sheet ribbed, spot were 65' 2 cents, with 64 cents 

 quoted for all positions in 1918. Paras were 3 to 4 cents higher 

 in Para than in this market when Upriver fine was quoted 69 

 cents, Upriver coarse 49 cents. Upper caucho ball 44 cents, and 

 Cameta 34 cents. .Africans were dull and unchanged in price 

 while Centrals had developed nothing interesting and prices 

 had declined about 6 cents a pound. 



Due to the efforts of the Legislative Committee of the Rub- 

 ber Association, the proposed war tax of 10 per cent on crude 

 rubber has been struck out of the War Revenue Piil! now before 

 Congress. 



LONDON. 



The report of a tax to be levied on .-\merican imports of 

 crude ruljber resulted in considerable buying on the part of 

 dealers and served to strengthen the market early in the month. 

 Later it was rumored that there was small possibility of this 

 duty being imposed and the market weakened. Quiet condi- 

 tions generally prevailed throughout the month and later devel- 

 oped positive dullness. The absence of all important buying 

 interests was pronounced, s>trongly reflecting the position of the 

 New York market. The situation here is generally accepted 

 as resulting from the heavy shipments that have gone to America 

 during the past six weeks and quiet times are looked for until 

 replacements are required. Plantation rubber prices have de- 

 clined about 7d. during the month just passed. On June 1 

 Standard crepe and Ribbed smoked sheets were both quoted a 

 farthing less than 26d. with July-December deliveries at 36d. 

 The spot market continued to steadily decline until June 28, 

 when prices stiffened somewhat and Standard crepe closed at 

 30]/id. and Ribs at 29j4(i., with futures holding very much higher 

 than spot, an ilnusual market condition. 



London and Liverpool imports for .Vpril were 10,000 tons 

 compared to 8,780 tons for March. Re-exports for April were 

 8,200 tons against 4,059 tons for March. 



SINGAPORE. 



The shippingsituation and the difficulties in negotiating drafts 

 continue to harass the movement of shipments from this port. 

 The market for the past month has been quiet and for the 

 most part dull with principal attention centered on Ribs. At 

 the auctions held in Singapore. June 1, 9, 16 and 2i. the fol- 

 lowing average prices were realized : First latex crepe 59.7 

 cents, compared to 65.36 cents last month ; Smoked sheet ribbed, 

 60.19 cents, compared to 65.36 cents last month. The total 

 amount sold was 1,549 tons, compared to 2,618 tons sold a month 

 ago. 



NEW YORK SPOT QUOTATIONS. 



July 1, June 1, 



Plantation Pab.^s — 1916. 1917. 



Fir=t-latex CTepe ) 



*Hevea fTst crepe f 66 @ SO @ 



Amber crepe, liglit giistly @ 78 @ 



.■\niber crepe, dark @ 77 (^ 



ProvMi crei e, thick clenn (ji 75 @76 



r.ro\Mi crepe, thin clean, liqht 



mottled ^...^. (S 77 (a 



Rrown crepe, thin clean. .T (« 75 @75i^' 



Brown crepe, thin '-pecky (ii 73 (gt 



Hrr.wn crepe, thin harkey (ti 69 @69J^ 



Brown crepe, rolled @ 64 @ 



Smoked sheet, ribbed standard 1 



quality 1-65 « 80 & 



*Hevea rilibed smoked sheets. . . I 

 Smoked sheet, plain standard 1 



quality I 



*Hevea plain or smooth smoked [ @ 81 (3 



sheets 1 



l.Insmoked sheet, standard quality ) to / ^ 



*Hevca unsmoked sheets j @ VVViW 



Singapore scr.^p. No. 1 (^ 60 @ 



SiTigajiore scrap, No. 2 & 55 @ 



Colo^^bo scrap. No. I @ 62 @ 



Colombo 5crap, No. 2 (ffi 58 @ 



RRAZiLrAN Paras — 



Uni iver fine 65 (S 74 (a 



Upriver medium (ft @ 



Upriver coarse 49 @ 53 (S 



Knapsack Madeira @ @ 



Upriver weak fine (ffi @ 



Upriver ;aucho ball 49 @ BO'/idi. 



Islands fine 59 (3 (t 



Islands medium (S- (3 



Islands coar=e 30 @ 34 (3 35 



Islands weak fine (3 55 (3 



Cameta 35 («' 38 @ 



1-ower caucho ball 45 (fl' 46 @ 



Peruvian fine fti' 72 (3 



Tapajos fine (a' 73 @ 



Africans — 



Accra flake 35 @ 31 @ 



Niger flake @ 31 @ 



Pengnela, e.xtra seconds, 28%.... @ 41 @ 



Eenguela, No. 2. 32!4% @ 38 @ 



Benguela, No 3. 40% @ 33 @ 



Congo prime, black upper @ 64 (3) 



Congo prime, red upper & 57 @ 



Rio Nunc? hall @ 66 (Si 



Kio Nunez sheets and strings.... (3' 64 @ 



Conakry niggers 61 (362 66 @ 



Massai sheets ard strings 59 (5) 64 ^ 



Centrals — 



Esmeralda sausage 41 (3 42 52 @53 



Centra! scrap (3 51 @52 



Central scrap and striji C"- 50 @5l 



Central wet sheet & 36 @ 



(iuayule 39 (3! 30 (3) 



Makicoras — 



Ceara sciap (^ @ 



Ceara negro heads (a (^ 



Man^coba special @ 42 @ 



Manicoba extra @ 375^ @38 



Manicoba regular (® 32 @ 



Mangabeiia thin sh°et @ A0%@A2 



Mangaheiia thick sheet @ 33 (3i 



Bai.ata — 



Balata block (ft 60 (3 66 



Surinam sheet 70 @70;<; (a 



East Indian— 



Assam crei>e (3> 75 ^'76 



.Assam onions (3> 70 r3'71 



Penang block scr:ip (^' 50 @52 



Pontianak pre.'^sed (3' 20 (S 



Bandjermas'in (3 16 @18 



Cutta percha, red Macassar 1.50(32.50 2.20(33.00 



* Rubber .Association of America nomenclature. 



6SK. @ 



64 @ 



62!/S@ 



48 @ 



44 (3 



49 (31 



45 @ 



69 C<t 



63 (3> 



49 

 75 

 60 

 44 

 66 

 58 

 34 

 55 

 34 

 41 

 67 

 6754 



ca 



31 @ 



31 (B 



41 @> 



38 (3) 



54 (31 



65 

 64 

 64 

 64 



46 

 45 

 44 



(3) 



33 (3) 



35 @ 



32 (S 

 42 @ 



35 @ 



33 @ 

 40 



67 (3) 



78 (3' 



64 (31 



59 (3) 



42 @ 



18 ® 



11 (3>12 

 2. 00 fn 3.00 



