1. 1915.] 



THE INDIA RUBBER WORLD 



417 



Review of the Crude Rubber Market. 



NEW YORK. 



March 30, 1915 



A I the beginning of the month, the indications were thai the 

 supplj ■'! plantation rubber would bo rather restricted. Ar- 

 rivals from London had fallen ofl owing to the continuance 

 of the dock strikes at that citj . and in addition to this fact, the 

 market was decidedly unsettled owing to the announcement by 

 the British Government of the great extension of its blockade 

 against Germany. Prices were firm, however, first latex crepe 

 selling at 65 cents and smoked sheet ribbed at 66 cents spot 

 fjpriver fine was stead) at 58J^ cent 



The continued delay in shipments and difficulties repot led in 

 obtaining London permits during the second week had a tendency 

 to limit trading. The manufacturers were not at all anxious to 

 buy and were not greatly attracted even bj the low price ol 

 Upriver fine. The knowledge that London stocks were large 

 had a tendency to curtail buying. The resumption of direct ship- 

 ments from the East to America tended naturally to make the 

 market still less animated. 



A general impression prevailed that now there would be plenty 

 ol rubber for everybody. This is a mistaken deduction, for these 

 direct boats are only carrying limited quantities. It is reported 

 that the four or five ships now afloat from the East are onlj 

 carrying between 600 and 800 tons. The "City of Rangoon." now 

 due with 100 tons, is the first direct boat from the East since 

 this service was discontinued. Other direct boats are the 

 "Suveric," from Colombo, now due; the "Kafue" from the same 

 port, due about Vpril IS, and the "Kasama" on the way from 

 Singapore. The "Frankmount," from London, is now due, and 

 the "Saxon Monarch" sailed last Saturday from the same port. 

 The "Sergipe," of the Lloyd Brasiliaro Line, left Para March 24 

 with 470 tons. The "Stephen," of the Booth Line, is now due 

 from Para and Manaos with 760 tons. 



Heavj receipts marked the closing week of March and prices 

 for round lots are steady: First latex crepe, 62 cents; smoked 

 sheet ribbed, 66 cents for spot, and Upriver fine, 58 cents. 

 SHIPMENTS FROM SOUTH AMERICAN PORTS. 

 Rubber afloat from Brazilian ports exported to Europe is as 

 follows: The Brazilian S. S. "Ceara" sailed from Bahia on 

 March 9 for Genoa, Italy, with 12 tons. The Booth Line S. S. 

 "Anselm" sailed from Manaos on March 10 for Liverpool with 

 444 tons. 



Adclhert H. Alden, Limited. Para, reports stocks at Para 

 as 2.872 tons on January 31, with arrivals in February of 5.700 

 tons, making a total of 8.572 tons. Shipments to the United 

 States were 3.531 tons; to Europe 2,837 tons; leaving a stock of 

 2.204 tons at Para on the 28th of February. 

 1 HE LONDON MARKET. 

 The fact that the shipping and dock difficulties in London still 

 continue without any particular probability of their early termina- 

 tion has kept the London market for crude rubber strong during 

 the entire month of March, and that notwithstanding the fact 

 that the London stocks on February 28 amounted to 7,200 tons, 

 as compared with 6.639 tons on the 31st day of January. London 

 prices during the first week of March were as follows : Standard 

 crepe, 2s. 3-V4</. : smoked sheet, 2s. 5d., and hard tine. 2s. 5d. 

 There was a tendency during the early part of the month on the 

 pan of the Exports Committee to place some restrictions on the 

 license permits issued, the feeling being that licenses had already 

 been issued for a very considerable tonnage, but it was Soon 

 discovered that those who had received the permits had not been 

 able to get all the rubber shipped which the permits called for, 

 and in addition to that fact there were continued substantial 

 arrivals from the East. Consequently permits were again issued 

 very freely. 



the in reasi in freight rates from the East the 



shortage in carriers, the higher insurance because of war risks 



and the higher interest charged bj the banks, all tended ■■ 

 crease the cosi at London of plantation grades. 



Prices ruled firm during the n th, being a trifle highei al 



ist than during the opening week. Prices for the last week 

 oi March were as follows; Standard crepi i ught 2s 4</ 

 and smokei I Hard fine was stead) at 2s. 5',,/. 



Para sorts havi received but comparativel) little attention in 

 London on account of the Exchange condition- at Para and 

 Manaos. 



Xt.w York Qi ot vtions. 



Following are the quotations at New York one Neat- 

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



PARA Apr. 1 . 1-4. Mar. 1 . '15. Mar. 30. '15. 



Upriver, fine, new 74"/ 75 58; ■■, 



I priver, line, old 60<§ 59@60 



Islands, fine, new 69(S , 1 50<§ 53<§ 



Islands, fine, old ...... 



Upriver, coarse, new 44@45 45@46 46^5 



Upri\ i r. coarse, old 



Islands, coarse, new 51@32 28<§ 30J^@" 



Cameta 55^^36 32J4@33 34(5 



' aucho, upper 45',) 46 46 5 48 47 



Caucho, lower 43(o44 44@ 



Plantation Hevi v 



Smoked sheet ribbed..... 64@65 \ , "' r ' "'"'',' ?? '' '"" 



/ 62; 2@63 Afloat 62 5 



63 , \ 62@63 Spot 62(§ 

 •■•• bM ' lM |60',<„0l \tl,,at ol<„ 

 bine sheets and biscuits 



unsmoked 62@63 59@60 



Cents u - 



First latex crepe 



44@45 



44-o45 



4.v,,44 



4o„47 

 4f,,- 



4.v„ 44 



37y 2 @40 10 



56(« 57 

 45(g 46 



Corinto 



Esmeralda, sausage 4.v„ 44 



Guayaquil, strip 



Nicaragua, scrap 40@41 



Mexican, scrap 42^43 



Mexican, slag 



Manicoba, scrap 



Mangabeira, -beet 



Guayule 



Balata, sheet 



Balata. block 50@51 



Afrh \n. 



Lopori, ball, prime 53',/ 54 



Massai red 49@54 5l]A@52'/ 2 



.Soudan Niggers 4''',/ 54 



Cameroon, ball 54(2 '.'.'.'..'. .<;,.. ,„ 



Benguela 31(@ 



Madagascar, pinky 



Accra, flake 21@22 23@24 22>..,2A 



East Indian. 



Assam 



Pontianak 6@6J^ 



i 



New York. 



In regard to the financial situation. Albert B. Beers (broker 

 in crude rubber and commercial paper, No. 68 William street, 

 New York) advises as follows: "The market conditions as re- 

 gards commercial paper in the rubber line have remained the 

 same during March as in February, the demand continuing good 

 at 40/4', per cent, for the best names, and 5@5^ per cent, for 

 those not so well known; the volume of paper coming into the 

 market has increased somewhat this month." 



New York Prices fob February (New Rubber). 



1915. 1914. 1913. 



Upriver, fine $0.57@0.61 $0.75@0.79 $0.96m1.O3 



i over, coarse 44c, .48 i .47 .y>„, 



-anils, fine 50 •, .54 , .69 92< a '97 



Islands, coarse 28® .32 .32 47® 51 



Cameta 30(3 .36 .38 AS& '-1 



