756 



THF INDIA RUBBER WORLD 



[SEPTEMnF.R 1, 1917. 



THE MARKET FOR RUBBER SCRAP. 



KEW YORK. 



QUIET and dull expresses tlie situation that lias prevailed 

 in the rubber scrap market for the month just passed. 

 August is usually given to shut-downs for repairs, new in- 

 stallations and stock taking. However, there was quiet trad- 

 ing, traceable to war orders that are keeping some of the 

 rubber mills busy at this time. While the volume of business 

 transacted has not been large in the aggregate, there was 

 sufficient interest to support the market, and prices, with few 

 exceptions, are the same as quoted a month ago. With the 

 passing of the vacation period and the setting in of cooler 

 weather, a more active interest in rubber scrap will doubtless 

 be felt, as the mills are looking forward to a large fall busi- 

 ness. While the low price of crude rubber may have had a 

 quieting effect on the market, the fact that reclaim is a dif- 

 ferent material and an important factor in compounding and will 

 create a demand of its own. 



Boots and Shoes. The trading in this material has been 

 spotty and confined to carload lots on contract orders. New 

 business has been hampered by uncertainty as to values, since 

 transactions actually consummated were insufficient to estab- 

 lish prices. Boots and shoes were nominally held around Oji 

 to 9yi cents delivered to the mills, and arctics have shown but 

 little improvement since a month ago. Trimmed arctics were 

 nominally quoted around T'/z cents, and untrimmed at 6^ 

 cents. The undertone is firm and holders are quietly waiting 

 the resumption of fall business, confident in higher prices. 



Tires. The interest in tires has been almost negligible, 

 with white G. & G. tires the dullest of all. The difference 

 between this grade and mixed auto tires is so small as not to 

 warrant the expense of sorting G. & G. tires; in fact, some 

 holders have for some time classified both grades as standard 

 mixed auto tires. Prices have shown very little change, 

 standard white G. & G. tires being quoted at 7% to 7^4 cents, 

 and standard mixed auto tires at 6]4 to 7 cents. Solid tires 

 have been fairly active, the principal interest being shown in 

 the clean material. The standard grade was 7],^ cents, and 

 clean truck tires were 7^ cents. 



Inner Tubes. There appears to be an unwillingness on the 

 part of small dealers to sell No. 1 tubes at present prices, 

 with the patches removed in accordance with the new classi- 

 fication. The demand has been quiet for all grades of tubes, 

 .and very little movement has been noticed in this materia! 

 during the month. Prices are largely nominal, with No. 1 

 tubes quoted 25j4 cents, and both No. 2 and red tubes at 

 13j4 cents. 



Mechanicals. Garden hose has had a fairly good call in 

 some quarters, but the other grades have been very dull and 

 uninteresting. Prices have remained practically unchanged 

 from the quotations published a month ago. 



United States Statistics. For the fiscal year ended July 

 .30, 1917, the imports of rubber scrap were 20,517,328 pounds, 

 value $1,569,448, compared to 16,371,573 pounds, value $1,271,- 

 •903, in 1916. Exports for the fiscal year ended June 30, 1917, 

 were 3,819,627 pounds, value $420,740, compared to 3,904,715 

 pounds, value $400,148, in 1916. During the fiscal year of 

 1917 the exports of reclaimed rubber were 4,938,991 pounds, 

 value $814,199, compared to 6,406,946 pounds, value $871,262, in 

 1916. 



London and Liverpool Statistics. The imports of waste 

 and reclaimed rubber for June were 109,700 pounds, value 

 £2,142, compared with 143,600 pounds for May, value £3,103. 

 Exports of waste and reclaimed rubber manufactures of the 

 United Kingdom for June were 1,256,800 pounds, value £25. 

 .607, compared to 904,100 pounds, value £14,947, for May. 



NEW YOBK QUOTATIONS FOR CABLOAD LOTS DELIVUBED. 

 AUGUST 27, 1917. 



Prices subject to change without notice. 



Per Poukb. 



Boots atid shoes $0.09V3@ 



Trimmed arctics .07^ @ 



Untrimmed arctics OSyi® 



White tires, Goodrich and Goodyear 07!^@ .07i^ 



Auto tires, standard white .07^@ 



standard mixed .06^ @ .07 



stripped, unguaranteed .05 ''i:© .05^ 



Auto peelings, No. 1 .10 @ 



No. 2 .09 @ 



Inner tubes, No. 1 *.25J^@ 



free from patches and valve seats *.25j^@ 



No. 2 '.13^^® 



red '.IVA® 



Irony tires 02^ @ 



Bicycle tires 05H@ 



Solid tires .07 !4 (3 



Clean truck tires 07 ^@ 



White scrap. No. 1 *.14 @ 



No. 2 MO @ 



Red scrap. No. 1 '.lO @ 



No. 2 *.07^@ 



Mixed black scrap. No. 1 .05</^@ 



No. 2 04H@ M'A 



Rubber car springs .05J^@ 



Horse shoe pads .05 @ 



Matting and packings .01^@ 



Garden hose .02 ^@ 



Air brake hose 06 '/^@ 



Cotton fire hose 02^@ 



Large hose 02>^@ 



Hard rubber scrap, No. 1, bright fracture .27 @ .28 



Battery jars (black compound) .Q3l4@ .03'/^ 



Insulated wire stripping, free from fibre .04^ @ 



Rubber heels 04<,^@ 



* Nominal. 



THE MARKET FOR COTTON AND OTHER FABRICS. 



Copyright. 1917. 



NEW YORK. 



P ARLY in August the tendency of the American cotton mar- 

 ■*— ' ket was upward, due to the government's report indicating 

 that the new crop conditions had not improved, as was generally 

 expected. There was a pronounced sentiment, however, that the 

 prospects were really better than indicated by the last official 

 figures and that the new crop has really improved. The situa- 

 tion failed to stimulate buying to any great e.xtent and prices 

 held firm. On August 1 middling spot cotton was selling for 

 25.26 cents, with December contracts at 24.49 cents. As the 

 month progressed the market became nervous and the sentiment 

 bearish, but selling was restricted by the uncertain crop situa- 

 tion. During the last week of the month the market eased oflf 

 as the result of a more optimistic view of the new crop pros- 

 pects, and prices declined. On .August 28 middling spot cotton 

 was quoted 23.10 cents in a quiet market. 



The new crop picking is well advanced and prospects of early 

 marketing are good and new cotton offers are coming in from 

 various sections of the cotton belt. 



The total new crop is estimated around 14,000,000 bales, com- 

 pared to last year's world's consumption of 14,054,000 bales. 

 There are many uncertainties, however, that may reduce the 

 final outcome, such as frost and storms ; and, moreover, the 

 crop is capable of further improvement, so that the ultimate 

 yield is still a speculative matter. 



Egyptian Cotton. The situation appears to be unchanged 

 and while supplies are confidently expected the actual relief is 

 not yet in sight. The Alexandria Cotton Co., Limited, reports 

 the following new Egyptian cotton crop conditions : "Tempera- 

 ture has been constantly below normal and these conditions are 

 unfavorable to a quick maturity. Last year we had at the same 

 period continuous excessive heat which did much harm to the 

 formation of the first picking bolls; this year the excessive cool- 



