RISE OF COTTON PRICES.

New Zealand Herald, Volume LX, Issue 18552, 9 November 1923, Page 9

RISE OF COTTON PRICES.

LIVERPOOL AND NEW YORK.

BUYING MOVEMENT UNABATED. Australian and N.Z. Cable Association. (Reed. 8.5 p.m.) NEW YORK. Nor. 7. The cotton market, taking a lead from Liverpool, continued its sensational rise here and at New Orleans, gains of 100 points being reported. December cotton is selling at more than 34 cents per lb., and all futures are showing remarkable strength. The buying movement continues unabated and is expected to persist for some time, indicating that cotton producers may expect the highest prices since the war.

TAXATION OF SHIPPING.

ANOMALIES WITHIN EMPIRE.

A CHOICE OF REMEDIES.

A. and N.Z.

LONDON, Nov. 7

A report has been drawn up by the Imperial Shipping Committee on tho methods of assessment of shipping for income tax within the Empire. The committee suggests a series of alternative remedies, but recommends none, because the matter is outside the commit, tee's sphere of inquiry so far as tho necessity for raising revenue is concerned. Tho committee, nevertheless, feels that anomalies and complexities exist within the Empire, and has sufficient evidence to establish, a prima-facie ground of complaint. It suggests that the report be first brought to the attention of the fiscal authorities concerned.