Lever Combine And Copra
p. 70 · Read in the full issue
Prices
“I am glad to note from your journal that Mr. W. R. Carpenter seems to think there is a possibility of the copra market rising,” writes a London correspondent on September 24. ‘‘A London buyer, whom I met a day or so ago, tells me it is true, as Marseilles has risen 15/- in the last 3 weeks; but he agrees that the Lever Combine are at the bottom of the low prices; and detailed his reasons for say ing so. There is no doubt that the dead capital in the Lever corporation makes the position difficult, and when one takes into account the number of companies the combine have absorbed, and paid for them in paper, the position is very diffi cult —more so when it is noted that a number of the absorbed concerns were closed down, lock stock and barrel. The first was Vinolia.
“Anyway, as far as I can see, the posi tion does not show much alteration, and the prices in London are little, if any, altered.”