Prices May Advance Slightly

U.S.A. Again Buys Copra

'THE following information concerning the American copra situation was contained in a circular dated September 24, distributed to members of the Fiji Coconut Planters’ Union by Messrs.

Brown and Joske, Ltd., Suva.

“America seems to have entered the market once for copra, and if she finds it necessary to stay in the market to obtain supplies, there can be no doubt that we shall see an advance in the price.

Lard and tallow have advanced consid erably in the American market, and we imagine that the stocks held must have diminished very considerably during the last few months. Philippine copra should once more find its way to its natural home in the U.S.A. and the European markets then would not be depressed by a flood of Philippine offerings.

“The recent firmness in wheat prices caused an immediate advance of some thing like 25/- per ton for groundnuts and soya beans, but curiously enough the

rise in those commodities scarcely af fected copra. During the latter half of August, soya beans were quoted at €6/17/6, whilst some of the lower grades of copra such as kiln-dried South Sea were quoted at only £6/10/-. Summed up, we feel the stage is set for an ad vance in the price of copra, but general conditions of trade will probably prevent any large rise.”

Tavua Gold Options Ltd., with nominal capital £10,000 in 20,000 shares of 10/each (first directors: W. R. Carpenter.

C. W. C. Marr, and H. R. R. Grieve), was registered in Sydney in September.

Three Of A Kind

This interesting photograph was taken recently on the Morobe goldfield, New Guinea. It shows, reading from left to right, Mr. Murray Jones, of the De Haviland Aircraft Company, Australia; Mr. Bowen Jones, Manager of Guinea Airways, Ltd., at Wau; and Mr. Nason Jones, the well known prospector and explorer.