Shares

Price Of Gold

The Commonwealth Bank’s price for gold bought in Australia is:—

Copra

Copra Prices During World War II The copra market was controlled by the various Governments from the outbreak of World War II in 1939 until the end of the war in 1945. Some controls are still being exercised in the post-war period.

Fiji Local Buying Price, in Store. Fiji Currency.

(MOF price) .. 53 14 3 Since January 1, 1949, the British Ministry of Food has had a 9-years’ contract .with the Fiji Government to buy the Colony’s copra at fixed prices yearly. Each year until 1958, the price will be adjusted by negotiation.

New Hebrides From a maximum of £7O/12/6 (Aust.), per ton, in 1948, the price of New Hebrides copra firmed in 1949 to around £ASB per ton.

Western Samoa Samoa has a 10 years’ contract agreement with the UK Government —exporters during 1949 received £45 Samoan per ton (an additional £3 per ton being held by the Copra Board towards a Stabilisation Fund).

Territory Of Papua-New Guinea

ANGPCB Fixed Price. Delivered to Ship’s Slings or to the Board’s warehouse.

Official Price for P-NG Copra sold in Sydney:

From January 1, 1949, Australia agreed to sell a proportion of P-NG’s copra production

annually to the UK Ministry of Food, for a penoa of nine years, at fixed prices. For 1949, the price to the UK was £48 Stg. per ton, f.o.b., Territory ports (planters received £48 Aust. per ton). Negotiations now are proceed ing to fix the new 1950 price.

Rubber

Since the Commonwealth Government’s war time price control on rubber was lifted, most Australian trading firms use the Singapore day to-day quotations as a basis when buying Papuan rubber. Recent Singapore Exchange buying prices for four grades and average rates have been;— No. 1 RSS, baled, 50% cents lb. (17.62d. Aust.) No. 1 RSS, loose, 50% cents lb. (17.62d. Aust.) No. 2 RSS, baled, 49% cents lb. (17.41d. Aust.) No. 3 RSS, baled, 49% cents lb. (17.27d. Aust.)

Quotations For Mining

Shares

Fine Standard oz. £15/9/10 oz. .. . . £ 14/4/- (Australian Currency).

Plantation

Fms

June, 1942 £16 0 0 £15 0 0 July, 1942 16 12 6 15 12 6 June, 1944 19 10 0 18 0 0 October, 1944 .. .. 20 0 0 18 10 0 December, 1945 19 7 6 17 17 6 January, 1946 .. .. 18 5 6 18 0 0 August, 1946 .. 23 10 6 23 5 0 February, 1947 . .. 29 15 6 29 10 0 June 9, 1947 .. .. 36 19 0 36 13 6 December 8, 1947 . 38 5 6 38 0 0 March 15, 1948 .. 46 5 6 46 0 0 January 1, 1949* ..

January 1, 1950 49 10 6 49 5 0

Hot-air Smoked Jan. 7, 1947 . £28 0 0 £27 0 0 June 17. 1947 . .. £31 2 0 Nov. 23, 1947 ... £35 10 0 April 8. 1948 £40-£45 January 1, 1949:— Pt. Moresby . £48 0 0 £47 7 6 Samarai ... £48 0 0 £47 7 6 Madang . .. £48 0 0 £47 7 6 Rabaul .. .. £48 0 0 £47 7 6 Kokopo .. .. £46 17 6 £46 5 0 Kavieng . .. £45 17 6 £45 5 0

Hot-air Dried Smoked January, 1947 . . . £36 10 0 £35 10 0 July, 1947 . .. . . £51 5 0 £50 5 0 April, 1948 . .. £61 0 0 £60 0 0 April, 1949 . .. £66 0 0 £65 7 6 May, 1949 . .. £66 10 0 £65 17 6

Fiji

Aug., 1939. mid-Jan.Feb. 1 Emperor Mines .. 09/11 bl4/9 013/- Loloma S25/6 s27/~ S23/6

New Guinea

Bulolo G.D bl24/- 0100/sllO/- Enterprise of N.G. b27/6 blO/bl2/6 Guinea Gold .. .. bl3/3 09/9 08/- N.G.G., Ltd bl/10 b2/- 02/- Placer Development 068/6 D143/6 bl37/6 Sanay Creek .. bl/5 b6d. sl/- Sunshine Gold . .. 06/5 bll/9 011/- Cuthbert’s Misima .

Papua

S16/6 b4/6 03/9 Mandated Alluvials b3/8 bl/6 01/10 Oil Search S3/11 b5/l 04/ll 1 / 2 Oriomo Oil 05/b2/3 02/3 Papuan Apinaipi .. 04/11 04/9 s5/-