TIN INDUSTRY

Dominion, Volume 31, Issue 152, 24 March 1938, Page 14

TIN INDUSTRY

New Records Established

A series of new records was established in the tin industry during 1937. World production, for the year reached a record of 206,900 tons, exceeding production for 1936 by nearly 27,000 tons. World apparent consumption of tin, at 197,300 tons in 1937, was also at a record level, and showed an increase of 36,600 tons (about 22.8 per cent.) over the figure for 1936. - . .....

The estimated consumption of tin in manufacture increased by 8000 tons to 172,000 tons, the discrepancy between these two computations of consumption indicating that consumers’ stocks were appreciably increased during the year. According to statistics published in the statistical bulletin of the International Tin Research and Development Council the apparent consumption of tin in the U.S.A, in 1037 was the highest on record at 86,663 tons, showing an increase of nearly 19 per cent, over the figure for 1936. The total quantity of tin shipped to Russia was more than 25,000 tons, representing about two and a half times the previous year’s record of 9664 tons. Consumption in Japan reached a record of 8200 tons, while records were also attained in Sweden, 1909 tons; Holland. 1470 tons; Denmark, 711 tons; Norway, 595 tons, and Finland, 294 tons. Almost 26,000 tons were taken by the United Kingdom, where consumption was the highest for 10 years. Tin consumption in Germany increased by per cent, over the 1936 figure to 11,643 tons in 1937, which was the highest figure recorded since 1930. In several other countries, on the other hand, tin consumption decreased in 1937. In France there was a decrease of 5.8 per cent., in Italy of 3.7 per cent., and in Poland of 3.8 per cent. In 1937 new record outputs of tinplate were established in nearly all the important producing countries. About 65,000 tons of tin were used in the manufacture of tinplate in 1937, against 62,000 tons in 1936.

The output of tin by the countries signatory to the Tin Control Agreement totalled 179,991 tons in 1937, compared with the permissible exports of 212,474 tons. Of the total under-export of 35,527 tons, only 1402 tons have been carried forward into 1938.

North Kalgurli Mine North Kalgurli (1912), Ltd., reports that during the month of Eebruai’y, 10,414 net tons was treated, 8384 tons from stoping, and 2030 tons from development. Revenue from ore treated, includin'- estimated gold premium, was £36,454. Expenditure: Mining and treatment (including cost of excess ore broken in stopes during the mouth), £14,817; development, £3293. Development for the month was 590 feet. ' Colombo Tea Market By Telegraph—Press Association. Dunedin, March 23. Mr. L. M. Wright has received the following cabled report on the Colombo tea auction of March 22: At yesterday’s eale of 2,250,0001 b. fine and medium teas met a good demand and prices remained firm. Common grades were easier and declined about farthing. A total of 2,500,0001 b. is catalogued for sale next week. London Butter Market Slow By Telegraph.—Press Assn.— Copyright. Ijondon, March 22. The butter market is slow. Choicest salted Australian and New Zealand, 117/a cwt.; unsalted, 121/- to 122/-.

\UCTION DIARY

TO-DAY. Eketahuna Sale, 11.30 a.m—.Mixed Stock. A. and I’. Showgrounds. Palmerston North, 1° 30 pm.—“Blythewood" Annual Sale of Pedigree Pigs (Dalgety and Co., Ltd.). ~, , Upper Hutt Slock Salo, 1 p.m.—Mixed Stock (Dalgety and Co., Ltd.). Martinborough Sale. 1 p.m.—Mixed Stock. 110 Lambton Quay, 2 p.m.—Household furniture, etc. (Silverstone and Co.). Masonic Hall. Walroa, 2.30 p.m.—Sale ot “Riverina” Station, Walroa (do Pellchet, McLeod and Co., Ltd.). TO-MORROW. 8 Willestou Street, 10.30 a.m—Household Furniture (Johnston and Co.). 1)2 Pitt St., Sydney, 11 a.m.—Sale of City Propertv (the Liverpool Arms Hotel, estate 'late Mrs. Sophia Morwitch) (Richardson and Wrench Ltd.). Carterton Sale, 11.30 a.m.—Mixed Stock. 8 Willestou Street, 1 p.m.—Unclaimed Cargo (Johnston and Co.). SATURDAY. Shortt Street, Masterton, 12.30 p.m.—Salo of House Property and Stock (J. Kerslake and Co.).