DROP IN TIN PRICES
CONDITION OF MARKET IS ANOMALOUS CAUSE FOR OPTIMISM Australian and N.Z. Press Association Reed. 9.5 a.m. LONDON, Saturday. One of the OLitstanding events of the commercial week has been the drop in the prices of tin. This fell on Tuesday to £lB9 16s 3d, the lowest since August, 1923. Yesterday it fell further to £lB4 ISs 9d, a new low record. which makes a striking contrast with £226, the highest price last year. One of the most authoritative metal commentators says the condition of the market is anomalous, because the statistical position, apart from a concentration of abnormally heavy stocks in Britain, favours a moderately optimistic view instead of the undiluted pessimism which led to wide liquidation. This week there are rumours that some producers in the East are withholding their output from the smelfers, rather than accept the present prices.
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Sun (Auckland), Volume III, Issue 799, 21 October 1929, Page 10
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145DROP IN TIN PRICES Sun (Auckland), Volume III, Issue 799, 21 October 1929, Page 10
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