Copra
p. 12 · Read in the full issue
Affected by Politics and Whale Oil
LATEST. London advices (by air mail) are that copra prices directly re flect the depressed commodities markets; and that the poor markets are caused by (1) widespread uncertainty regarding the trend of international affairs, and (2) the huge production of Antarctic whale oil. The position at the end of March was that the Japanese had sold 64,000 tons of whale oil, the Norwegians 12,000 tons and the British 7,000 tons, at prices around £l2 per ton; and four Antarctic expeditions had still to be heard from.
Rev. C. J. Steley, of the London Mis sionary Society in Papua, reached Aus tralia via Thursday Island in April. He was accompanied by Mrs. Steley.