THE TIN POSITION.
Although the latest tin statistics were a surprise to the market in the sense that they showed a decrease in supplies of 204 tons, whereas a substantial increase had been expected, the market price for the metal did not immediately respond; in fact, there was a further decline. The greater interest was taken in the reduction of supplies, however, because it will be remembered that the Tin Committee recently indicated the possibility of a reduction in December of the International quota from Ito per cent. to 85 per cent. If, as is possible, exceptional influences were responsible for the reduction in tin supplies during October, the original intentions of the Tin Committee may, of course, be carried out, but if, on the other hand, the figures for the next month should again show a reduction rather than an increase in supplies, there is, of course, the possibility of the quota remaining unchanged.
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