RESIDENTS in Greenidge Road, Hindsbury Road, St Michael, are stirring up a stink over the heap of old metal, abandoned cars and other junk causing distress in the neighbourhood.
But what is surprising is that the owner also wants the unsightly heap removed from beside his house too.
According to Linus President, the owner of the dilapidated house, who repairs vehicles, bicycles, fridgesand stoves, the mess is not all his.
"I have no money to get them moved, and I would be glad for some help. Because I am a mechanic, people have been coming here and leaving their old vehicles. Sometimes I am not even in the island when these thingshappen," he stated.
But it was not long before neighbour Anthony Yearwood came out to voice his opinion, and a quarrel ensued.
"That junk needs removing as soon as possible. It is causing a lot of mice, rats and cockroaches around the place. Up to the other day I had to kill a big centipede that crawled out of there," he said, pointing to the dump.
Yearwood said the place was not only filthy, but it was also a fire hazard.
"If that burns it will catch my house and then the next, and there will be one big fire," he said of the closely knit community.
Another neighbour, who wanted to remain anonymous, said she was tired of seeing the rodents in the neighbourhood.
Wednesday, November 5, 2008
Saturday, November 1, 2008
Aluminium rose as much as 2.6 percent before moving lower.
It closed at $2,050 compared with Friday's close of $2,045.
Prices for the energy-intensive metal have dropped about 40 percent since reaching a high of $3,380 a tonne in July.
A number of mining companies have been forced to cut production, reduce capital expenditure and postpone new projects as metal prices have fallen close to or below marginal costs.
United Company RUSAL said it had suspended production at the Zaporozhye Alumina and Aluminium Complex in Ukraine because current metal prices make the plant unprofitable.
Nickel closed at $11,995 a tonne in volatile trading compared with $12,100 at the close on Friday.
Tin climbed 8.2 percent to $14,500 a tonne compared with the close on Friday of $13,400.
Zinc was at $1,170 from $1,125 a tonne, while lead was trading down $5 at $1,500 a tonne.
On the macroeconomic front, a relatively thin week for data is set to be dominated by interest rate verdicts from both the European Central Bank and the Britain's Bank of England on Thursday.
Metal Prices at 2022 GMT Metal Last Change Pct Move End 2007 Ytd Pct
move LME Cu 4105.00 6.00 +0.15 6670.00 -38.46 SHFE Cu* 32580.00 1180.00 +3.76 56880.00 -42.72 LME Alum 2053.00 8.00 +0.39 2403.00 -14.57 SHFE Alu* 14105.00 200.00 +1.44 18180.00 -22.41 COMEX Cu** 183.70 -0.70 -0.38 303.05 -39.38 LME Zinc 1170.00 45.00 +4.00 2370.00 -50.63 SHFE Zinc* 9445.00 350.00 +3.85 18950.00 -50.16 LME Nick 11950.00 -150.00 -1.24 26350.00 -54.65 LME Lead 1512.00 13.00 -0.87 2550.00 -40.71 LME Tin 14400.00 1000.00 +7.46 16400.00 -12.20 ** 1st contract month for COMEX copper * 3rd contact month for SHFE AL, CU and ZN SHFE ZN began trading on 26/3/07 – Forbes
Prices for the energy-intensive metal have dropped about 40 percent since reaching a high of $3,380 a tonne in July.
A number of mining companies have been forced to cut production, reduce capital expenditure and postpone new projects as metal prices have fallen close to or below marginal costs.
United Company RUSAL said it had suspended production at the Zaporozhye Alumina and Aluminium Complex in Ukraine because current metal prices make the plant unprofitable.
Nickel closed at $11,995 a tonne in volatile trading compared with $12,100 at the close on Friday.
Tin climbed 8.2 percent to $14,500 a tonne compared with the close on Friday of $13,400.
Zinc was at $1,170 from $1,125 a tonne, while lead
On the macroeconomic front, a relatively thin week for data is set to be dominated by interest rate verdicts from both the European Central Bank and the Britain's Bank of England on Thursday.
Metal Prices at 2022 GMT Metal Last Change Pct Move End 2007 Ytd Pct
move LME Cu 4105.00 6.00 +0.15 6670.00 -38.46 SHFE Cu* 32580.00 1180.00 +3.76 56880.00 -42.72 LME Alum 2053.00 8.00 +0.39 2403.00 -14.57 SHFE Alu* 14105.00 200.00 +1.44 18180.00 -22.41 COMEX Cu** 183.70 -0.70 -0.38 303.05 -39.38 LME Zinc 1170.00 45.00 +4.00 2370.00 -50.63 SHFE Zinc* 9445.00 350.00 +3.85 18950.00 -50.16 LME Nick 11950.00 -150.00 -1.24 26350.00 -54.65 LME Lead 1512.00 13.00 -0.87 2550.00 -40.71 LME Tin 14400.00 1000.00 +7.46 16400.00 -12.20 ** 1st contract month for COMEX copper * 3rd contact month for SHFE AL, CU and ZN SHFE ZN began trading on 26/3/07 – Forbes
Copper ends flat despite rising inventories
Copper closed relatively flat on Monday, rebounding from earlier sharp losses as gains in U.S. equities overshadowed a large build in the red metal's inventories.
The metal had lost as much as 4 percent of its value earlier as inventories in London grew to their biggest since March 2004, fanning pessimism about Chinese demand.
"I think the equities are giving it a lift," said Rob Kurzatkowski futures analyst with OptionsXpress in Chicago, citing additional support from technically oversold price levels.
U.S. stocks markets were volatile but held positive ground when copper for December delivery settled 1.10 cents higher at $1.84 a lb on the New York Mercantile Exchange's COMEX division, up from an early low at $1.7805.
In London, three-month copper on the London Metal Exchange fell as low as $3,934 a tonne, and officially closed at $4,090 versus Friday's close of $4,099 per tonne.
"Prices are a bit weak," said Simon Toyne, an analyst at Numis. "One of the most noticeable things is the copper stock builds that have been going on the LME -- the last few days have seen a number of thousands of tonnes ... which is a bit unnerving."
LME copper stocks surged 7,275 tonnes to 237,925, the highest level since March 2004. The increase followed gains of 6,775 and 6,575 at the end of last week.
"Bouncing around looking a bit directionless," said Gayle Berry, an analyst at Barclays Capital. "When prices are coming off quite a bit, you do tend to see the shorts beginning to look for a bit of cover."
"That is what you are going to see much more of going forward -- these violent swings in prices, given the size of the short positions being built in some of the metals."
Prices for the metal, used in construction and power, have fallen more than 50 percent since reaching a record high of $8,940 a tonne in July.
In October, LME copper fell nearly 36 percent, its biggest drop since at least 1970. Nickel dropped 24 percent, its second biggest fall on record.
"I don't see any dramatic turnaround this month in commodities. Manufacturing is slowing in China. Industry is slowing down and for the next couple of weeks at least there is no light at the end of the tunnel," said Peter McGuire of Commodity Warrants Australia.
A measure of Chinese manufacturing activity showed factory output shrank sharply in October in the face of waning orders, while officials pledged further steps to boost domestic demand to keep the economy from slowing too much.
In the U.S., the Institute for Supply Management said its index of national factory activity fell to 38.9 in October from 43.5 in September.
The metal had lost as much as 4 percent of its value earlier as inventories in London grew to their biggest since March 2004, fanning pessimism about Chinese demand.
"I think the equities are giving it a lift," said Rob Kurzatkowski futures analyst with OptionsXpress in Chicago, citing additional support from technically oversold price levels.
U.S. stocks markets were volatile but held positive ground when copper for December delivery settled 1.10 cents higher at $1.84 a lb on the New York Mercantile Exchange's COMEX division, up from an early low at $1.7805.
In London, three-month copper on the London Metal Exchange fell as low as $3,934 a tonne, and officially closed at $4,090 versus Friday's close of $4,099 per tonne.
"Prices are a bit weak," said Simon Toyne, an analyst at Numis. "One of the most noticeable things is the copper stock builds that have been going on the LME -- the last few days have seen a number of thousands of tonnes ... which is a bit unnerving."
LME copper stocks surged 7,275 tonnes to 237,925, the highest level since March 2004. The increase followed gains of 6,775 and 6,575 at the end of last week.
"Bouncing around looking a bit directionless," said Gayle Berry, an analyst at Barclays Capital. "When prices are coming off quite a bit, you do tend to see the shorts beginning to look for a bit of cover."
"That is what you are going to see much more of going forward -- these violent swings in prices, given the size of the short positions being built in some of the metals."
Prices for the metal, used in construction and power, have fallen more than 50 percent since reaching a record high of $8,940 a tonne in July.
In October, LME copper fell nearly 36 percent, its biggest drop since at least 1970. Nickel dropped 24 percent, its second biggest fall on record.
"I don't see any dramatic turnaround this month in commodities. Manufacturing is slowing in China. Industry is slowing down and for the next couple of weeks at least there is no light at the end of the tunnel," said Peter McGuire of Commodity Warrants Australia.
A measure of Chinese manufacturing activity showed factory output shrank sharply in October in the face of waning orders, while officials pledged further steps to boost domestic demand to keep the economy from slowing too much.
In the U.S., the Institute for Supply Management said its index of national factory activity fell to 38.9 in October from 43.5 in September.
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