To take first the prices of imported materials, After a slight rise consequent upon the outbreak of war, world market prices, as retion of shipments is highly satis- fected by the index of raw mater-factory. London expects intensificaials calculated by the American tion of the erratic movements until Bureau of Labour Statistics. show-Japan's intentions become clearer. ed surprisingly little change, In "his week the trend of rubber and the absence of the customary quar-tin prices in London was easier. terly indices it is not possible to Substantial arrivals of rubber from quote the average rise in the price the Fast and larger local sales of tin of British imports, but in the fol. by British smelters, following interrupt lowing table the American indices tion of the issuance of export licences are compared with the basic mater-for shipments to the United States in ials component of the Board of May, were the chief reasons for the Trade's index of wholesale prices. decline, Demand remained large, but Although this index includes a num. at present offerings are almost normal. ber of home-produced materials it While early recovery of London is probably roughly' representative quotations is believed possible, no of the general trend of import major advance is expected, as the prives:—British Government is willing to Ixpices or Raw. MATERIAL Prices release large quantities of rubber and of tin from the reserve to prevent (August, 1939=109)
USA.
a boom.
(Bureau of Labour Opposition to High Prices Statistics)
Text read from the printed page and cleaned; old type leaves the occasional error.