Change in Direction of Trade One Result

Trade One Result of American Purchase of Copra

NOUMEA, March 23.

THE New Hebrides Condominium Ad ministration announces that the current price of copra purchased by the United States f.o.b. New Hebrides is 67 dollars per ton (2,814 francs). The grower gets 2,000 francs, which is a decrease of 250 francs since December.

It appears that New Hebrides and New Caledonia, owing to agreement among the United Nations, governing shipment of copra, are unable now to export copra to Australia, although the Commonwealth is short of fats, and the copra is going to America.

One result of the agreement that has been reached is that American wines, liquors and canned goods will probably replace the Australian articles in the New Hebrides and New Caledonia markets.