Copra Outlook

Interesting Notes from London

THE following items have a bearing upon the future of the copra market.

A Sydney resident writes: “A confiden tial communication which has reached me from important financial interests in Bri tain expresses the view that the copra market is likely to revive within the next year and that copra production will again become profitable. I am of the opinion that this would be a good time to buy coconut plantations if there are any going at bargain prices.”

A close student of the oil market writes as follows from London under date June 27: “There is rather a disturbing report in this morning’s paper that the British Whale Oil Combine have decided to refine whale oil in England, so that more may be used in the manufacture of margarine.

It is also stated that they are desirous of fitting the steamers engaged in fishing for whales with some system whereby the meat can be made palatable for hogs.

This would have a very detrimental effect on the sale of copra cake. Until some thing is done with regard to limiting the slaughter of whales, I feel that the future is beset with real difficulties.”

The following is contained in a private letter from London to the Editor of the P.I.M.: “A firm wrote me yesterday stating that they are definitely interested in coconut plantations, but they must be large, so that they can invest large sums in them. If there is anything in this I will let you know —but it may be merely hot air.” There has been no further com munication on the subject.