December 1, 1918.] 



THE INDIA RUBBER WORLD 



165 



Review of the Crude Rubber Market. 



Cntxriglit, 1918. 



NEW YORK. 



THE somnolence of the market has ceased, the drowsy feel- 

 ing which afflicted buyers and sellers until November 11, 

 has vanished. In the first place, the Government permits 

 the importation of 7,500 tons over and above the 25,000 tons al- 

 lowed for the present period, besides which many expect a fur- 

 ther increase in the quantities that may be imported after Janu- 

 ary 1, some even hope for an early abolition of all import restric- 

 tions. At the same time it may be well remembered that next 

 year, lack of shipping may have more to do with the total volume 

 of imports than any probable Government restrictions. Sellers 

 are now asking almost as high prices as the maximum fixed by 

 the Government, and buyers who would not buy at lower figures 

 a few weeks ago are showing considerable interest in spite of the 

 higher quotations. 



"The Dutch East Indies Government has stopped the export 

 of rubber, on October 8, 1918," says the "Straits Budget," from 

 which we also learn that a new department of the Dutch Foreign 

 Office has been established to unify economic and foreign policy 

 and especially to renew economic relations with the belligerents. 



Plantations. — Allocated rubber was quoted on November 12 

 at 51 cents for Latex and 49 cents for Ribs ; April-June ship- 

 ments were quoted at S3 cents for Latex and 52 cents for Ribs. 

 Free rubber prices were, on November 26, 60 cents for Latex and 

 59 cents for Ribs. 



Paras. — Quotations, with the upward tendency continuing 

 strongly, are: Upriver fine, 66 to 68 cents (a month ago 56 to 

 58 cents) ; LIpriver coarse, 38 to 40 cents (a month ago 30 to 32 

 cents) ; Upper caucho ball, 38 to 40 cents (a month ago 30 to 32 

 cents) ; Cameta, 26 to 28 cents (a month ago 21 to 22 cents). 



Centrals. — Fractional changes only, untouched by the upward 

 swing. 



AFRICANS— 



Niger flake, prime 



Benguela. extra No. 1. 28% . . 



Bengiiela, No. 2. 32,^% 



Congo prime, black upper. . . . 



Congo prime, red upper 



Rio Nunez ball..... 



Rio Nunei sheets and strings. 



Conakry niggers 



Massai sheets and strings 



CENTEALS— 



Esmeralda sausage 



Central wet sheet, 25 per cent. . 



Guayule, 20% guarantee 25 



Guayule, dry 27 



MANICOBAS— 



Ceara negro heads 



Ceara scrap 



Manitoba (basis 30% loss 

 ing and drying) 



Mangabeira thin sheet 



EAST IKBIAN— 



PONTIANAK- 



GUTTA PERCHA- 



•Rubber -Ass. 



of .America nomenclatur 



NEW YORK SPOT QUOTATIONS. 

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

 and allocation and free rubber prices on November 25. Govern- 

 ment option prices, c. i. f. New York, are given in the last column. 



PLANTATION HEVEA— 





First late 

 •Hevea f 

 Amber cr . 



Amber crepe No. 2 



Amber crepe No. 3 



Amber crepe No. 4 



Brown crepe, thick clean 



Brown crepe, thin clean 



Brown crepe, thin specky 



Brown crepe, rolled 



Smoked sheet, ribbed standard"! 



quality 



•Hevea ribbed smoked sheets... J 

 Smoked sheet, plain standard"] 

 •Hevea plain or smooth smoked f 



Unsmoked sheet, standard quality 1 



•Hevea unsmoked sheets J 



Colombo -crap No. 1 



Colombo scrap. No. 2 



BRAZILIAN PARAS- 



RECLAIMED RUBBER. 

 Dullness has characterized the November market for reclaimed 

 rubber, a condition that has ruled since the armistice, in all mar- 

 kets for rubber supplies. Buyers have apparently decided to await 

 the Government's final policy with regard to raw materials and 

 manufactured products. The release of an additional 7,500 tons 

 of rubber imports and the removal and modification of restric- 

 tions in the manufacture of certain rubber products is an indi- 

 cation that the Government will soon relieve the industry of all 

 restriction. Prices have not changed materially. 



NEW YORK QUOTATIONS. 



November 25, 1918. 



Subject to change without notice. 



Mechanical 



Red 



Shoe 



Tire, auto . 



.15H 



.uy. 



THE MARKET FOR COMMERCIAL PAPER. 



In regard to the financial situation. .Mbert B. Beers, broker in crude 

 rubber and commercial paper. No. 3 William street. New York, advises as 

 follows: 



During November the demand for commercial paper has been light, due 

 largely to the recent drive for the Fourth Liberty Loan and the United 

 War Work Campaign, and the demand for paper has been principally 

 from out-of-town banks, the best rubber names going at 6 to 6V5 per cent, 

 and those not so well known 6J(i to 7 per cent. From now on there is a 

 prospect of improving demand and somewhat lower rates, as the money 

 market should be easier. 



