Question of World Parity
p. 30 · Read in the full issue
Samoan Cocoa
The Sydney manager of Messrs. O. F. Nelson and Co., Ltd., writes as follows: — Regarding your editorial note, in the January issue of the P.I.M. about price of Samoan cocoa, the following is the latest report on the London market for Samoan cocoa, as given by the Bank of New Zealand: — As a result of a conference between a number of holders of Samoa cocoa in London, it was decided to hold an auction sale on the 14th November. 3,694 bags were catalogued and, al though the response from the manufacturers was small, the knowledge that the cocoa was to be sold practically without reserve stimulated com petition among dealers and 3,047 cwt. were dis posed of. The following prices were realised:— Fine Bold Wash 35/- to 40/6 Good to Fine Wash 24/- to 30/- Native Wash 22/- to 29/- Second Size 19/- to 21/6 Small and Shelly 15/- to 18/- You will readily conceive from the above infor mation that, after taking into consideration freight, charges, etc., in transit and in London, the price being given by merchants in Samoa is quite con ceivable. In addition, the prospects of the future are not encouraging.