FIXING COTTON PRICES.
BRITISH LEVY PROPOSED. LONDON, December 25. In announcing that it wag intended to fix cotton prices, Mr. Oliver Stanley, president of the Board of Trade, said that a levy of not more than .04d per pound of raw cotton was proposed for financing measures for the development of the cotton export trade. Friday's closing commodity prices were ae follow, those of the previous week being given in parentheses:—-Cotton: Spot, 8.78 d per lb (8.59 d); January delivery, 8.36 d (8.2 d). Rubber: Para, 13d «per ]b (13d); plantation and smoked, 11'll-16d ("11 15-ied). Copra and jute are not quoted. Lineeed oil, £36 10/ a ton (same); turpentine, 59/6 per cwt (same). It ie officially announced that the cotton prices are being fixed.
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Auckland Star, Volume LXX, Issue 305, 27 December 1939, Page 3
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125FIXING COTTON PRICES. Auckland Star, Volume LXX, Issue 305, 27 December 1939, Page 3
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