§ Mr. Ellis Smith
asked the President of the Board of Trade if he will give the prices being paid per pound or ton at present and in November, 1948 and 1949, for rubber and wool.
Mr. H. Wilson
The spot price for No. 1 RSS rubber on the London market on Tuesday, 7th November, was 5s. 4d. per lb. The corresponding average prices f[...] this grade during November, 1948 and 1949 were 11–23/32d. and 1s. 1⅝d. respectively.
The following are the average raw wool prices for the months in question, based on quotations from auction sales in the United Kingdom, Australia, New Zealand and South Africa, of a typical merino (64's) quality and a typical crossbred (46's) quality grown in the overseas countries mentioned:
In pence per lb clean cost delivered United Kingdom November, 1948 November, 1949 October, 1950 64's (merino) 98 106 202 46's (crossbred) 32 51½ 132
I understand that auction prices for similar types of United Kingdom-grown wool have moved closely in line with these.