OCR Text |
Show TIN SHORTAGE BOOSTS PRICES ROSTOX, Nov. IS. An aeute shortage has developed in tin and prices have Jumped to around 7ES cents a pound in New York. The United States depends entirely upon imports for- its tin supply and outlook out-look for relieving the situation Is not brierht. One-half the tin normally consumed in tliis country is used by tinplate manufacturers manufac-turers headed by the United States Steel corporation but this proportion nag increased in-creased owing- to the war demand for containers con-tainers pf all descriptions. England holds tbe key to tho tin situation situa-tion through long- time domination of the output of the far east. In eipht months there hns been brought into this country 103,000.000 pounds of tin products, or about the same amount as a year ago, of which 38,000,000 pounds came from the I straits Sitir-n'ij,.'!t s, 2irri,noo pounds from I Kr.jrland and '12, ';, W) puunds from the ; lut'h Ensi. Indies. i Hich froizht rates, tother with abnormal ab-normal marine and war risk insurance charts gfiav combinp'l to make it an px-pnsive px-pnsive proposition to import lin to the L'nlted Stait.-s. The embargo placed by the Uniu-'i States government on ship-rnentH ship-rnentH to Holland may act as a boomerang in connection with tin recelpta from tiie Dutch possessions. |