L12 



THE INDIA RUBBER WORLD 



| November 1, 1914. 



Review of the Crude Rubber Market. 



New York, October 30, I'M 4. 



THE principal feature of the New York hard fine Para mar- 

 ket during the month of October was its relative steadiness. 

 On September 30 it stood at 65/66 cents; rising on Octo- 

 l.er 1 to 66/67 cents and dropping again on the 7th to 64/65 cents. 

 It remained at this price till the 21st, when it rose to 66 cents. 

 at which point it stood on the 30th. 



Firmness marked the early days of the month, but manufac- 

 turers showed no disposition to anticipate supplies to an import- 

 ant extent. A good demand from tire making concerns was, 

 however, noted from the West. One important concern was re- 

 ported to be operating to 80 per cent, of its capacity. 



Towards the middle of the month the improved export trade 

 in rubber goods and other demands had reacted beneficially on 

 tlie tone of the rubber market, price-cutting having almost en- 

 tirely disappeared. Some of the leading grades of Para rubber 

 sold at an advance of 1 cent on the price of a week earlier. The 

 closing week of the month displayed increased firmness. 



Plantation rubber likewise remained steady during the greater 

 part of the month, on the basis of 58/60 cents for pale crepe ; 

 advancing on the 22nd to 61 cents, at which it stood on the 30th. 



Arrivals of plantation rubber were extensive, but were under- 

 stood to. be largely in execution of contracts. 



The latest advices from London report a firm market at recent 

 quotations, there being no pressure to sell. London imports 

 for the month of September included 3,523 tons plantation, while 

 deliveries represented 3,452 tons. Stocks of plantation aggre- 

 gated 3,303 tons on September 30, 1913, and 3,595 tons on the 

 same date this year. Deliveries were thus nearly keeping pace 

 with imports, receipts having been fairly well disposed of. 



Owing to the accumulation in London of brown, specky and 

 dark qualities of plantation, low prices have been current there 

 for these grades. 



An estimate quoted by Consul General L. Drier, of Singapore. 

 places the aggregate output of the Straits Settlements and the 

 Federated Malay States for 1914 as about 69,326,269 pounds, the 

 total for the first 6 months of this year being 34,510.939 pounds. 

 There is no longer fear of a shortage, two steamers having 

 alone brought between them 2,100 tons to London. Stocks are 

 reported to be steadily diminishing. According to the most 

 recent advices, no date has been fixed for the resumption of 

 aucti' 



By latest reports, large quantities of rubber are being shipped 

 from New York by the principal dealers. The quantity for 

 October has been estimated as 200 to 300 tons for Norway. 

 Sweden, Denmark, Holland and Italy. Though it has been 

 supposed that some of this rubber may have been ultimately in- 

 tended for Germany, it is generally believed that the bulk of it 

 is meant for consumption in the countries to which it is shipped. 



lbe Norwegian manufacturing industry is obliged to undertake 

 the manufacture of boots and shoes for the home trade, seeing 

 that the supply from Russia is cut off. On account of this de- 

 velopment the purchases of crude rubber by Norwegian manu- 

 facturers are unprecedentedly large. 



The strength of the New York market for plantation rubber 

 has been partially attributed to sinking of the steamer "Troilus" 

 in the Indian Ocean, with 1,200 tons of crude rubber, by a Ger- 

 man cruiser, and other losses from the same cause. 



(rop returns for nine months, to end of September, as cabled, 

 included the following: 



1913, 1914, 



Anglo Malay Pounds "74,375 1,016,571 



Pataling 366,111 418,706 



London Asiatic 722,394 794,295 



Golden Hope 129,658 116,530 



Selaba 304,399 391,222 



Rubber Estates of Johore 200,159 378,275 



Production by the larger plantations is evidently being kept up. 



The Antwerp rubber market has been transferred to London, 

 and the additional supplies have materially contributed to supply- 

 ing needs. A strong demand has been noticeable from Russia. 



Satisfaction has been expressed at the manner in which the 

 English market has so far surmounted the difficulties anticipated 

 at the opening of hostilities. Receipts are fully up to expecta- 

 tions. Importers are therefore obliged to meet the market. 



New York Quotations. 



Following are the quotations at New York one year ago, 



one month ago, and October 30, the current date: 



Para. Nov. 1, '13. Oct. 1, '14. Oct. 30, '14. 



Islands, fine, new 66@67 48@50 50@52 



Islands, fine, old 50@52 52@53 



Upriver, fine, new 73@74 63@65 65@66 



Upriver, fine, old 76@80 66@68 67@69 



Islands, coarse, new 28@29 26@28 27@28 



Upriver, coarse, new 46@47 44@45 47@48 



Upriver, coarse, old 



Cameta 36@37 28@29 30@31 



Caucho, upper 43@44 44@45 46@47 



Caucho, lower 41@43 41@43 



Plantation Ceylon. 



Fine smoked sheet S9@60 63@64 65@66 



61@62 61@63 



59@60 60@61 

 Fine sheets and biscuits 



unsmoked 51@52 59@60 60@61 



Centrals. 



Corinto 40(r?42 45@46^ 



Esmeralda, sausage 40@41 40^7 4 1 44@45 



Guayaquil, strip 



Nicaragua, scrap 37@39 40r7/41 44@45 



Panama 



Mexican plantation, sheet 35@45 37(ff39 



Mexican, scrap 37@38 39@41 40@42 



Mexican, slab 



Mangabeira, sheet 40^742 



Guayule 45@50 



Balata, sheet 63@64 54(5)56 51@52 



Balata. block 44@45 43@47 43@44 



Fine pale crepe 



f near-by ~1 

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