London, Oct. 25. Unfavourable week-end Wall Street advices, together with the slight deterioration in the international political outlook, caused a fresh wave of demoralization to sweep over the base metal markets this morning.
Speculators, who bought at the end of last week in anticipation of a sustained recovery, hastily unloaded and, with consumer adopting the usual Monday holding-off tactics, prices slumped to fresh low levels for the year.
While all metals participated in the fall, the decline of tin especially was severe. The first deal in the latter was transacted at £215, after which the next bid dropped to £210, and the price eventually closed at £205, compared with £2!6% on Friday afternoon,—Reuter.
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