Copra
p. 11 · Read in the full issue
London Reports Steady Market
Special to “P.I.M.”—By Air Mail.
London, Mar. 20.
IN their monthly review of the world’s oil and fat markets, Messrs. H. M. F.
Fbure & Co. say that they do not see any great change in the outlook and that copra prices, for a while, are likely to “mark time.”
After “jazzing about” in January— February, the markets steadied down.
There is, however, a certain amount of uneasiness caused by a steady growth in stocks of lard in America —America becomes a world-buyer, according to the fluctuations in her stocks of lard, cotton seed-oil, and similar commodities. A reduction in lard production in America is expected later in the year, and packers are withholding portion of their recent production to meet a probable shortage.
These accumulating stocks may be a menace to the copra market. The cotton seed oil position is about normal.
The Antarctic whale oil season finished on March 8. Despite reports of great success by Japanese whalers, it is under stood that the total catch does not greatly exceed that of last year, and that it will not disturb the market to the extent anticipated.