New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-06-22
Smelters Have
Supply of Tin
For Next Month,
Accumulated Stocks T.,
Enough to Carry Domes.
tic Trade Along Until In.
portations Are Availahl.

interest III the metal marl..
week centred on developments .sst
On Monday the War Trade Boars IN
nounced applications would no cons ~
efeo Tor licenses for tin shinnad ns.
june 81 from producing points sna VT
tr.es permitted on and after Any,ss sn-
lt was announced officially thar -,
stocks of inter-Allied tin Inv ny
amounted to SIT tons. or little ~ -
than a weeks supply at the recens ~.
OF ABSORPTION. 1t was also stated ~
all restrictions on tho saleNof M, '. -.
IN the United States would he rersn. 20
as soon as this balance of the an LIZ
stated the United States by the inv NV
A'lec TIN executive was sold.
Effect of Rulings
These rulings" says "rbe r,ux
IRON Trade ard Metal Market Rencrt
mean that Straits tin may be shinrsd
rom Singapore, Banca from Batav;,
australian from Sydney and Lamb 4
Flaeg from England after June 80 hrt
I'm soipped from these sources to nesr.
by points, such as Canada, for reshir.
ment to the United States after tho -.
strictlons on imports are lifted. will
NOT De allowed to enter for the present
g.,r
consumers who need the metal win h.
the only two domestic smelters Of Re-
livlan concentration and consumers VA
have tin for resale. Soon after the frs,
OF August Lamp & Flage tin. orig.
ating in England, will begin to a-r,vs
and late in August Australian tin Will
arrive. Straits and Banca tin will nor
arrive before late in September.
The domestic smelters have m,
been selling for about three months M
requested by the War Industries Board
but have accumulated stocks, estimated
at upward Of 5000 tons, which will he
available to supply domestic demand in
July. The London market advanced
from 1898 for spot standard from the
close the previous week TO f242 los. hy
Wednesday this week, indicating |
bullish view of the American news. AT
this price the London market is ecuiva-
lent to about 80 cents a pound in
American currency, as compared with
1880 cents a pound. the American fixed
price. When tin imports again begin
to arrive the normal price alignment
between the American and British and
Far Eastern / arkets must be restored.
Export Buying Helps Zinc
ne Llt1C UldAhtt jdol Wtth was nelpcd
by larger export inquiry. II was re-
ported that a steel exporter had re-
ceived orders during the two previous
weeks for an aggregate of $4,000 tons
of zinc for shipmenr to England. The
market was steady at 6.55 cents East
St. Louis basis, considerable business
being done ut this level.
In the lead market second hand DEAL
ers were active taking profits from the
recent rise. Some metal was sold At
5.374 cents pound New York, CON.
pared with the producers price Of
..40 cents.
Copper was firmly established on 9
basis of lS cents d pound for August
and July delivery. and spot clectrolytie
could not be bought for June delivery
at less than 17.87l2 cents a pound dc.
llvered. Business in this market was
not so active as the week before. Japa-
nese buyers continued IN the market
but their purchases were not large
in the aggregate. Brass and copper
rolled and drawn products remained
at the same prices. The general manu-.
featuring demand for brass products
continued to improve.
Revival of building activity through.
out the country is expanding the actiy.
lty, particularly in plumbing goods.
Some manufacturers of the latter have
advanced their prices to 10 per cent