COMMODITY MARKETS.
TIN PRICE SOARS. LONDON, May 12. The most excited dealings of the commodity markets since the German invasion of the Low Countries has centred round the price of tin, which has soared to the year’s highest figure, but no outstanding fresh purchases arc reported. The international Tin Committee was scheduled to meet on May 27 before the invasion of Holland. The production quotas are roughly equivalent to the consumption. The grounds for a reduction of production are not very strong. United Kingdom consumers are not overstocked, hut are relying on current arrivals. Malaya has decided to discontinue the publication of minehead stocks because other producing countries refuse to release similar information. There are increasing supplies of apples. Australian Jonathans are quoted at 14s 6d to 15s 9d; Tasmanian Cox’s 14s Gd to 16s 3d. New Zealand Cox’s, 16s to 18s 3d. FOOD SUPPLIES AFFECTED. A Washington message says that the Department of Agriculture said the invasion of the Low Countries threatens the market, which took 10 per cent, of United States farm exports last year valued at 66,000,000 dollars, including 45 per cent, of the United States wheat exports. The invasion also threatens to cut off an important source of British food.
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Manawatu Standard, Volume LX, Issue 140, 14 May 1940, Page 8
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204COMMODITY MARKETS. Manawatu Standard, Volume LX, Issue 140, 14 May 1940, Page 8
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