The Archive · 1940

British Commodities

Wednesday's Closing Quotations

London, Sept. 4.

After ruling steady, the London rubber market closed dull.

London Rubber: sellers 12% buyers 124° -Hir sellers 122, Liverpool Cotton: American futures: Oct. 7.80 Jan. 7.48 Mar 7.25 +1; May (Giza, F.GF. No. 1) No. 2 contract: Nom. 1186 +8; Jan. 1128 +9; Mar. 1089 +10; May 1066 +12; London Metals: Tin, middle price £257% 3 mths, middle price £257% +24—Reuter.

"which must clearly be the very highest possible, must cover the widible field and must soon be Manila Gold Shares No one will envy the Chancellor the duty of framing such taxation, and it is a subject on which no layman can perform any useful service by attempting to offer him advice.

Let this only be said. There is not the smallest prospect of his being able to raise anything like £1,200.- 000,000 in new taxation. Five hundred million pounds, spread over all classes, is probably somewhere near his limit.

A second thing adumbrated by the Chancellor is the "strict curtailment of consumption." It is this "strict curtailment of consumption" which has got to find the residuary £700,- 000.000, and here it can be stated with certainty that the requisite (Bids in Pesos)

Sept. 5, Bid Prices am. pin. Atoks 7155, 16 Closing Closing Baguio Gold x 155 S Benguet Consolidated Big Wedge. e. 8 Coco Grove III [ps2 [0625S Demonstration i 0725 S Consolidated Mines w1 00225

East Mindanao w S 35 5 Tiogen "2. 315 S Masbate Consolidated w S Mine Operations 1055 S Paracale Gumaus San Mauricio % S Surigao Consolic ans: Suvoc 0975 United Paracale 175 Mindanao Motherlode Turnover for the BE Eu Pesos.

Shares Index: (Mofning Session) 51.14. degree of strictness will never be Tee cee Reuter, High Low Close Change 30 Indust.

13225 128.89 132.16 12.42 28.01 28.85 24

Text read from the printed page and cleaned; old type leaves the occasional error.

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