TIN SCANDAL
LONDON MONOPOLY i Dealers Make Protest (Aus. and N.Z. Cable Assn.) (Received May 9 at 7 p.m.) LONDON May 9. Tlie “Daily Telegraph’.-'' financial editor says: A group of members of the London Metal Exchange walked out from an almost deserted market as a protest against the present artificial tin conditions, but they returned for the final session, their gesture thus not developing into a strike. The dissatisfaction is based on the operating of “buffer” private pools, referred to in an official wireless message on February 19, which have resulted in inadequate floating supplies. Consequently the prices for immediate delivery are now six pounds sterling per ton above the price for tin with delivers’ three months forward. The “Daily Mail” says: The tin dispute may be adjusted by the pool releasing more of the metal. The whole industry has benefited from the improved prices, due to regulation.
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Bibliographic details
Grey River Argus, 10 May 1935, Page 4
Word Count
149TIN SCANDAL Grey River Argus, 10 May 1935, Page 4
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