SUPPLLS OF TIN

Wanganui Chronicle, Volume 83, Issue 258, 1 November 1939, Page 3

SUPPLLS OF TIN

IX( REASE M ADE (X QI OTA Rcasoib, for the recent increase in • ihe international tin quota ai/? indi- ■ rated in the statistics of the Interna- , tional Tin Research and Development • Council. , World tin production, which, in 1938, amounted to i 2,380 tons a month, on j an average, decreased to an average of ; 11.000 tons in t he first seven months of If'./;. Production of the seven signai lory countries decreased from an i av .age ol 9947 tons to an average of ; 8653 tons. As a result of the increase in quota from 45 to 100 per cent, (the ! quota has since been increased to 120 | per cent.), the monthly permissible export < under the control scheme for • the third quarter increased by 9295 I lons to 17.331 tons, transforming the I over-export at the end of July into an I under-export of 753 tons. World apparent consumption which, in 1938, amounted to 12,600 tons a month, o i an average, decreased to I 12,410 tons in the first -°ven months I of 1939. ; The visible supply decreased during : August by 2319 tons to 20.335 tons, the I carry-over by 1047 tons to 4680 tons, j and the smeiteis' stocks by 1523 to 19593 tons, there being, consequently, a decrease in the total storks of 4889 ions to 34.608 tons. World tinplate production in the iirst seven months of 1939 amounted to 2,230,000 tons, against 1,744,000 tons in the corresponding period of 1938, being an increase of 28 per cent.