TIN PRODUCTION HIGHER

Dominion, Volume 30, Issue 158, 1 April 1937, Page 14

TIN PRODUCTION HIGHER

Records in Consumption The February issue of the International Tin Research and Development Council's bulletin, published by the Hague Statistical Office, contains detailed statistics of the production and consumption of tin for the year .1936. World production, it is shown, increased by 22.2 per cent, in 1936 to a total of 171,558 tons, against 140,652 tons in 1935 and is the highest since 1929, when an output of 186.986 tons was recorded. The countries participating in the control agreement produced 90.8 per cent, of the world’s tin in 1936. against 88.9 per cent, in 1935. The output of tin in British Malaya increased by 45.4 per cent, in 193610 66.506 tons, and Malaya’s share in world production increased from 32.7 per cent, in 1935 to 35.9 per cent, in 1936. The world apparent consumption ot Un increased by 10.3 per cent, from 142,478 tons in 1935 to 157.182 tons in 1936. In the United States of America there_w:is an increase of over 1 1 per cent, to 75.643 tons this figure representing 48 per cent, of the world’s total consumption. In the United Kingdom, although the increase was only 2 per cent., the consumption of 21,860 tons* in 1936 was the highest recorded since 1930. A new record of 9388 tons was reached in Russia, representing an increase of 25.4 per cent, over the figure for 1935. The Japanese consumption of imported and home-produced tin in 1936 totalled 6411 tons, and is the highest on record for that country. Records were also attained in some of the smaller consuming countries, including Belgium with 1580 tons. Poland 1322 tons, and Denmark 690 tons. Substantial percentage increases in tin consumption are shown for France, 18.7 per cent.; Czechoslovakia, 31.9 per cent.; and Switzerland, 10.8 per. cent. The chief decreases were in Germany, where consumption fell by 18.8 per cent., in India B.S per cent., aud in Sweden 13.7 per cent. A record world total of 3,779.000 tons of'tinplate is given for the year 1936, showing an increase cf 20 per cent, over the 1935 total of 3,144,000 tons. Approximately 61,000 tons of tin were used in the tinplate industry in 1936, and 96,400 tons in all other industries. The world output of motor vehicles increased by 13 per cent, from 5,124.000 in 1935, to 5,798,000 in 1936. The consumption statistics indicate that there was very little change in consumers’ stocks during 1936. BASE METALS MARKET Tin Easier; Copper Steady By Teiegraph--Press Assn.—Copyright I.ondon, Marell 30. The official London (middle) quotations for Tuesday, as reported bv the Australian Mines and Metals Association, compare with those previously cabled as follows :—

AUSTRALIAN LOANS Large London Conversions The Federal Treasurer, Mr. Casey, stated to a newspaper representative in London that he will shortly discuss with the British Treasury and the Bank of England plans for conversion loans of £12,000,000, each to be issued in December, 1937, and in February, 1938. A Commonwealth loan of £12,360,958 falls due on November 1 next. Tli'is is evidently one of the loans whos-c conversion Mr. Casey will discuss. New South Wales is responsible for the debt represented by this loan, which was the first conversion loan arranged in London by Mr. S. M. Bruce, the High Commissioner. That was in October, 1932. Its issue price was 97j, and it bears interest at 31 per cent. The other loan whose conversion Mr. Casey will discuss is also a Commonwealth loan, and is for £11,409.965. It was the third conversion loan negotiated by Mr. Bruce, and was issued in May, 1933, at 99, with interest at 34 per eent. New South Wales is responsible for £6,427.465 of the loan, South Australia for £2.982,500, and Tasmania for £2,000,000.

KING SOLOMON MINE By Telegraph—Press Association. Invercargill. March 31. The return at the King Solomon mine last week was incorrectly stated to have been 990 z. Sdwt. instead of 19oz. Bdwt. Union Theatres Investments Union Theatres Investments. Ltd.. Sydney, which owns freehold land and buildings and equipment, shows a net profit of £19,978 for 1936 (the period includes 53 weeks), an increase of £3295 on the year. Preference dividend of 5 per cent, requires £17,500. Ordinary shares, the whole of which are held by Greater Union Theatres, Ltd., receive a small dividend of £l5OO, equal to 0.3 per eent. The balance carried forward is increased to £8949, from £7971. Gross profit increased by £4525.

Dividends Due Cash Orders (Amalg.)—quarterly, pref., 24 p.e Apr. 1 Pukemiro Collieries —inf., 6d. a share Apr. 2 Bank of Australasia —Final, 9 p.c. p.a Apr. 2 Beath and Co.-—int.. 21- p.c. Apr. 2 Howard Smith—-Pref., quarterly. 1} p.c Apr, 6 N.Z. Drug—final, 4} p.c Apr. 6 Bonds’ Hosiery (N.Z.) —5 p.c. Apr. 7 Woolworths, Ltd. (Sydney) — final, 64 p.c., making 12} p.c. for year Apr. 9 Milne and Choyce—int., pref., 3 p.c.; B pref. 3} p.c., ord. and deb. 2 p.c Apr. 10 Amalgamated Wireless —int., 5 p.c. Apr. 12 Amlag. Zinc (De Bavilys). half-yearly. 2} p.c Apr. 13 Yarra Falls— inj., 5 p.c Apr. 15 Woolworths (N.Z.), int.. pref.. 4} p.e Apr 15 G. .1. Coles —quarterly, 9d. per share Apr, 15 South British Insurance—int., 1/4 per share Apr. 22 Drug Houses of Aust.—int., 3 P-c. Apr. 30 United Provisions—int., pref. 8 p.e., p.a Apr. 30 North Kalgurlie (1912), Ltd. int., 6d. (sterling) ptfr share Apr. 30 Calls payable:— Dominion Breweries, new—4th 2/- a share Mar. 27 Wellington Alluvials-—3d. a share Apr. 24 Broken Hill Pty (con.) —5/- a share • ••• • Junco 0

AUCTION DIARY TO-DAY. Showgrounds, Palmerston North, 12.30 p.m.—Blyswood Annual Sale ’ (unreserved). Account id' J. A. Russell Esq Pedigree Berkshire and Tamwortli Pigs. Included are a number of show animals. Catalogues on application. (Dalgety and Co., Ltd.) Raetihi Autumn Cattle Fair, 11.30 a.m.— 3000 Head Cattle (Freeman It. Jackson and Co., Ltd.). Upper Hutt Stock Pale, 1 p.m.—Mixed Stock (Dalgety and Co., Ltd.). 5-1 A Hobson Street, 1.30 p.m.—Furniture (Harcourt and Co.). 57-51) Lr. Cuba Street, 2 p.m.—Furniture (Davis Bros.). 8 Wllleston Street, 1.30 p.m.—Furniture (E. Johnston and Co.). TO-MORROW. 51 Ottawa Road, Ngaio, 10.36 a.m.—Furniture (E. Jolineton and Co.).

Copper— Mar. 25. Per Ton. Mar. 30. Per Ton. £ a. d. £ s. d. Standard, spot ... 73 8 9 73 2 G Ditto, forward ... 72 11 -11 72 3 it Electrolytic 78 0 0 78 0 0 to SO 0 0 SO 0 0 Wire bars 80 0 0 SO 0 0 Lead— Spot 31. 15 0 31 IS 9 Forward 31 11 3 31 17 G Spelter— Spot 33 11 3 33 15 0 Forward 33 13 9 33 17 6 Tin— Spot 302 10 0 293 .15 0 Forward 293 5 0 288 10 0 Silver— Standard, per oz. . 20 9-100. 20 13-lGd. Fine 223-16(1. 22 7-lGd.