TIN QUOTA STEADY

Press, Volume LXXIII, Issue 22195, 11 September 1937, Page 12

TIN QUOTA STEADY

FIGURE REMAINS AT 110 PER CENT. RISING PRICES CHECKED (UNITED PRESS ASSOCIATION —COPYRIGHT.) PARIS, September 9. The International Tin Committee has decided to leave the tin quota unchanged at 110 per cent, of standard tonnages. This was the figure fixed in March for the second quarter of 1937, and has remained unaltered since then. When the committee's decision was made then it was an alteration from 100 per cent, of standard tonnages, and the rise to 110 per cent, brought hectic scenes on • the London metal market, tin falling rapidly in price, and later rallying. The price of spot tin .on March 11 was £3Ol 10s a ton. Yesterday it was £261 12s 6d a ton—a drop of £4O in six months. This check in the rising price before March was the aim of the committee in increasing the quota.

NEW YORK TIN NEW YORK, September 9. Tin is quoted at 59.12 cents per lb, METALS MARKET

PRICE OP SILVER

{BRITISH OWICIAI. WIRELESS.)

RUGBY, September 9. Spot silver is quoted at 19 15-16 d per ounce and forward at 191 d.

BRADFORD MARKET

EASIER

QUEENSLAND BUDGET DEFICIT

NO TAX REDUCTIONS (UNITED PRESS ASSOCIATION—COPTBIOHT.) BRISBANE, September 10. The Queensland Budget, which was presented to Parliament by the Premier (Mr W. Forgan Smith), makes no provision for a reduction in taxes. A deficit of £330,778 is anticipated for the year 1937-38.

LONDON, September 9. Sept. 8. Sept. 9. £ s. d. £ s. d. Copper— Standard, spot 56 11 10J 55 13 9 Forward 56 11 10i 55 14 4i Electrolytic .. 62 5 0 61 15 0 to 63 5 0 62 15 0 Wire bars .. 63 5 0 62 15 0 LeadSpot 22 7 6 22 1 3 Forward 22 8 14 22 1 101 Spelter— Spot 23 i 4i 22 15 71 Forward 23 9 41 23 0 71 TinSpot 260 15 0 261 12 6 Forward 259 12 6 260 7 6 SilverStandard, per oz. 19 15-16d 1915-16d Fine, per 02. 21Jd 21Jd

VALUES FOLLOW AUSTRALIAN SALES LONDON, September 9. The Bradford market is easier owing to lower Australian prices. Yarns are trending easier. Quotations are:— Last Last year. week. Sept. 9. Merinos — <1d. d. 70's .. 34 394 39J 64's .. 32} 37} 37} 60's -• 31 i 36 36 Crossbreds — 58's .. 254 324 324 56's .. 20i 30 30 50's .. 16 26 26 46*s .. 14J •254 *25i 44's • • 134 *25J •254 ♦Nominal quotations.