FUTURE OF TIN

New Zealand Herald, Volume LXXIII, Issue 22353, 26 February 1936, Page 9

FUTURE OF TIN

HOPEFUL VIEW TAKEN CONSUMPTION ABOVE OUTPUT USE AS BEER CONTAINERS The world production of tin last year was 131,000 tons and tlio consumption was 138,000 tons. A total of 59,000 tons was absorbed in the United States, the United Kingdom took 22,000 tons, and other countries required 57,000 tons. In quoting these figures at the annual meeting in London of the British Tin Investment Corporation, Limited, Mr. O. Lyttelton, chairman and managingdirector, said that the sale of tin containers for beer was a new feature in the United States. During the last few months of 1935 over 50,000,000 beer cans were being manufactured each month, and estimates for 1936 were as high as 150,000,000 monthly. It might be anticipated that this new use would spread to other countries. It was a development of importance which would add, on the 1936 estimates, about 3000 tons a year to the potential consumption of tin, and it was a not ineffective reply to those who were always talking of the inroads which substitutes might make into the uses of tin at the present prices. It was for reasons of this kind that tin producers were not kept awake at night by the bogey of substitution. Referring to the future of tin control, Mr. Lyttelton said: "I do not believe that any difficulty will arise in the four main signatory countries. The advantages of the scheme are so obvious that self-interest will be dominant. I cannot believe that anyone in those countries will be so mad as to discard the substance of profit in order to grasp at the shadow of complete liberty. There remain those countries outside the four main signatories. Of these Siam and the Belgian Congo are much the most important. An attempt by these countries to increase their quotas beyond what is reasonable would undoubtedly break down the scheme and lead to chaos, in which they would be by no means the last to suffer. I believe, however, that a balance may be struck which will be fair to all. If reason counts for anything I am hopeful of the outcome and for the future of tin." QUOTATIONS FOR WHEAT LONDON AND LIVERPOOL FUTURES IN CHICAGO LONDON, Feb. 24 Wheat. —Cargoes: Manitobas are quoted ljd higher and Australians are held for 3d advance. Parcels are steadier. Futures: London, March, 29s 7d a quarter; July, 29s 7d. Liverpool: March, 6s 1 3-8 d a cental; May, 6s 1 7-8 d; July, 6s 3 l-Bd. CHICAGO, Feb. 24 Wheat. —May, 99 3-8 cents a bushel; July" 89i cents; September, 88 3-8 cents. THE CITY MARKETS LARGE ORANGE SUPPLIES GLUT OF GREEN PEAS The price of Jamaican oranges declined at the City Markets yesterday, owing to the close arrival of two shipments from that source, together with supplies from California. Peaches and plums were scarcer and good quality dessert commanded fair rates. There was ,i slightly better inquiry for choice dessert apples, pears and grapes. Large quantities of tomatoes again came forward, but rates remained steady. Better supplies of blackberries were available, prices varying considerably according to size and condition, while slightly larger supplies of passion fruit caused an easing tendency in prices. Very heavy supplies of green peas, cabbages and pumpkins came forward and proved hard to quit. Prices for peas dropped considerably. Values for pota toes, however, improved after a period of depressed values. There was a fairly keen demand for a large offering of poultry, prices being unaltered. Values were: — FRUIT Apples, Albany Benuty, 4s to Gs a case; Gravenstein, extra choice, 4s to 5s Gd; Scarlet Pearraains, 2s Gd to 3s Gd; cookers, choice, .'is ad to 3s 9d; windfalls and others, Is Gd to 3s; pears, Hawke's Bay, Bon Chretien, 5s Gd to (is Gd; local, Bon Chretien, 3s to ss; cookers, 2s 6d to 3s Gd; tomatoes, outdoor, extra choice, 3s Gd to 4s (id; others, Is Gd to 3s Gd; oranges, Californian, 31s to 32s Gd; Jamaican, 255; grapefruit, Californian, 2Gs; Jamaican, 21s; lemons, choice, cured, 9s 'to 12s Gd; otheiß. 2s Gd to Gs; bananas, ripe. 12s to 21s; pines, Queensland, 12s to 14s (id; grapes, hothouse, Hamburg, extra choice, lid to Is ljd per lb; others, Gd to lOd: Coleman. lOd to Is 2d; peaches, Al, 2s (id to 3s Gd a crate; Late Kcds, 2s Gd to 3s; Golden Queen, Gs to 9s; plums. Damson, 7s to 7s Gd a case; Doris, 8s to 9s Gd; nectarines, choice, 8s to 9s; strawberries, Captain Cook, Is 3d a chip; blackberries, 31d to Gd; cape gooseberries, 4<d to 5Jd per lb; passion fruit, 8s to lis a case; quinces, 7s to 9s; coconuts, 14s a sack. FIELD PRODUCE Beet, 3d to Gd a dozen; celery, cooking, Gd to 9d a bundle; dessert, Is to 2s; carrots, 4d to 9d a dozen; cauliflowers, 6s to 7s (id a Back; cabbages, Is Gd to os a sack; on benches, Is fid to 2s fid a dozen; cucumbers, 3d to 9d a dozen; lirencli beans, 2s to 4s a bag; green peas, 2s to 5s (id a bag; kuniaras, new season's Ud to 2id per lb; leeks, 3d to 5d a bundle; lettuce, 3s to 7s a case; marrows, 9d to Is 9d a dozen; melons, water, 2d to 8d each; rock, 2d to Is; onions, 2s to 2s 9d a bag; potatoes, 2s to 4s Gd a bag; pumpkins, 2s to 4s per cwt; parsnips. Gd to 9d a dozen: radish, Gd to 9d a dozen; rhubarb, Is to 2s a dozen; spinach, Is to Is 3d a dozen; spring onions, Gd to Is fid a bundle; swedes, Is Gd to 2s 3d a bag; turnips, 3d a dozen, stringless beans, 4s to Gs a bag. POULTRY Cockerels, heavy breeds," prime, 3s Gd to 5s Gd each; not prime, 9d up; light breeds, prime, Is 3d to 2s Gd each; not prime, Gd up; fat roosters, heavy breeds, prime, Is 9d to 2s 3d; light breeds, Is 3d to Is 9d; fat hens, heavy breeds, Is 9d to 2s Gd; light breeds, Is to Is 6d; pullets, heavy breeds, best, 3s fid to 5s fid; smaller. Is Gd up; light breeds, best, 3s Gd to 5s Gd; smaller, Is Gd tip; drakes, young, prime, Is Gd to 2s; smaller. 9d up; old. Is to Is Gd; ducks, young, 2b fid to 4s; old, Is to Is 6d; geese, 3s to 4s Gd; turkey hens, 3s Gd to 5s Gd; gobblers, Gs to 14s; guinea fowls, 3s to 3s Gd. TWO NEW COMPANIES AUCKLAND REGISTRATIONS The following companies have been registered in Auckland: — PUBLIC Lan 7, Laboratories, Limited, to acquire the right to manufacture the product known as the Lanz R-A antiphlogistic thermogenic flannel. Capital, £15,000 in shares of £1 each. Subscribers: A. Dennison, O. A. Friedlander, E. T. George, W. Bond, H. Denton, E. W. Friedlander and L. E. Andrews, ono share each. PRIVATE Crosby's Drapery Stores, Limited, general drapfers, etc. Capital, £3OOO in shares of £1 each. Subscribers: H. C. F. K. Crosby and L. A. M. Crosby, 1250 shares each; It. J. N." Crosby, 500.