Gums, Resins, 



492 



[June, 1912. 



that even outsiders look upon the crude 

 rubber market as the most speculative 

 and uncertain in existence, and high 

 prices are still ruling. Under these 

 circumstances many directors consider 

 it their duty to make certain, while the 

 opportunity exists, to sell sufficient 

 produce forward to the shareholders. 

 Providing only a portion of the crop is 

 sold forward we see no harm in the 

 business, so long as the prices secured are 

 above the normal. To refuse to sell for- 

 ward even a part of the crop at a high 

 price, when the future is extremely un- 

 certain on all points except that of huge 



supplies, might be taken as a reflection 

 on the common sense of those in 

 authority. We maintain that the first 

 duty of directors is to see that, given 

 opportunity, profits are definitely earned. 

 There are several companies, who, 

 though producing large crops, have never 

 sold a fraction of the crop forward ; it 

 would be interesting if those responsible 

 sent us a statement of average prices 

 realised. 



The following list shows the forward 

 contracts published in these columns 

 from July 1st, 1911, up to date ;— 



Company, 



Price 



Quantity in 



per lb. 



Tons. 



s. 



d. 





5 



av. 



60 



4 





33 



5 



o* 



10 



4 



9 



24 



5 



1 



15 



5 



0| 



45 



4 



10 



24 



4 



8 



12 



4 



10 



12 



4 



9h 



16 



4/3 to 4/4 



60 



4 

 4 



94 

 9| 



71 



4 



9 



15 



4 



8* 



30 



4 



10" 



18 



4 



11 



3 



4 



9 



12 



4 



11 



12 



4 



6| 

 10 



12 



4 



24 



4 



8 



30 



4 



9 





4 







5 





3 



4 



6 



9 



4 



8 



18 



4 



8^ 



12 



4 





24 



4 



9 



3 



4 



6 



12 



4 



6 



9 



4 



6 



18 



4 



7 



6 



4 



n 



12 



4 



10 



6 



4 



Hi 



18 



5 







11 



4 



11 



12 



5 







48 



4 



11 



11 



5 



0| 



H 



4 



6| 



6 



4 



9 



3 



4 



84 



6 



1 



10 



6 



Period of Delivery. 



Selangcr 

 Batu Caves 

 Ulu Rantau 



Mount Austin ... 



Sungei Kapar ... 

 Serdang Central 

 Sungei Choh ... 

 Yatiyantota 

 Linggi 



General Ceylon 

 Sungei Selak ... 



Klanang 



Neboda 



Kuala Selangor 



Sungei Reyla ... 

 Jeram 

 do 



\ataderia 

 Mergui 



Doranakande ... 

 Singapore United 

 Seaport 

 Allagar 



Bandar Sumatra 

 Langkat Sumatra 

 Sumatra Para ... 

 Serembau 

 Sungei Way ... 



Cicely 



Consol Estate ... 

 Began Serai 

 (Jlenshiel 



January- July-December 



February-December 



March-December 



January-December 



January- June 



April-December 



January-Decem ber 



January-December 



J anuary-December 



May-December 



J anuary-December 



April- June 



January-March 



July-December 



January-December 



J anuary-September 



April-June 



July-December 



January-December 



January-December 



February-December 



January- June 



July-December 



January-March 



April-December 



January-December 



January-December 



January-December 



October-December 



January-December 



January-December 



January-December 



January-December 



J anuary-December 



January- June 



April-December. 1912 



February-December 



July-December 



January-December 



February-December 



April-December 



J anuary-December 



January- June 



January-December 



July-December 



