cont?act^nSforl9s3the Territories

Islands Produce

(Unless otherwise .fled, Rotation, .re in Australian currency)

Copra

/rrup fniinwinff are based on the MOP

cont?act^nSforl9s3the Territories

contract prices for 1953 in the iermories n pa pit a NEW GUlNEA—ronra Market- PAPUA-NEW GUlNEA.—copra Marxec Board + ra . teS wTUT^ ain pRQ O /^/ 5 ’t ? n ’ MS ’ £69 / 5 /">

where o7 Tl% TeT Sydney

O P M| her 9 o P /S;-; P Sm^lrte9o°/2/d r: £9li FIJI-— At Suva and Levuka, 1953: Plantation grade (60 points and over) £F66/5/6 per ton; FMS (45-57 K points)

£F66; other grades £F64/15/-- £F62/15/-.

W. SAMOA.—MOF contract is £Stg.6s per ton, f.0.b., Western Samoa; producers receive about £lO less.

BSI. —Prices based on MOF contract of £Stg.6s, per ton, f.o.b. Rates to pro ducers are: £A62/3/4 per ton, delivered Honiara; £A63/3/4, delivered Tulagi or Yandina; £A62/18/4, delivered Gizo.

COCOA. —Islands prices are usually based on rate for Accra cocoa (W.

Africa), quotation (from Colyer Watson Ltd., Sydney) for which on September 4 was £Stg.27o (£A337/10/- approx.) c.i.f., ton, Cont. ports.

N.G.— £290 approx, per ton, in store, Sydney.

New Hebrides.—Sales to France recently brought: 255-260 Metrop. francs per kilo (£ A 32- £ A 332 approx, per long ton) for Superior grades; average grades, 240 Metrop. francs per kilo (£A3O9 approx, per long ton); all in bond Marseilles.

Samoa. —Sydney agents in September quoted Samoan cocoa at £Stg. 260 (£A325 approx.) f.o.b. per ton, first grade. (.Samoan currency equals Stg.) COFFEE. —Islands prices ruling in Sept, were: Papua-N.G.—Few sales in Sydney lately; first of new season’s crop expected to arrive shortly. Recent price was (nominal) 5/6 per lb. (£616 per ton).

New Caledonia. —Crop mainly ex ported to France. Recent quotation was 398 Metrop. francs per kilo (£ASI3 approx, per long ton).

RUBBER. Papua-New Guinea. —Market fluctuates from day to day, based on price ruling in Singapore. Quotation on Sept. 4 was: 28 5 /sd Aust. lb. Singapore rate September 4 No. 1 grade RSS (sellers) spot 64Vic lb. c.i.f. (approx. 27i/ 4 d Aust. Ib.).

VANILLA BEANS.—Sydney nominal quotations (by Victor Karp, Tulk & Co.): Tahiti: White Label, 33/9, Yellow. 33/9, all per lb, c.i.f. Sydney. No Green available at present.

RICE.—New season’s (1953-1954) price; Papua-N.G.—Dry brown £9O per ton; Dressed £96 per ton. Other Pacific Is., except NZ dependancies, £96 per ton.

Desiccated Coconut.—No P - Ng

supplies available in N.S.W. at present owing to ban imposed by Public Health Dept., following suspected typhoid out breaks in Australian States last month.

PEARL SHELL. —Prices fixed between Torres Strait producers and Otto Gerdau Co. (USA) for 1953-1954: AA/A/B grades,

85c lb. (£ A850 approx, per long ton); C 80c lb. (£ A800); D, 55c lb. (£A550); E 40c lb. ( £ A400); EE, 30c lb. (£A300)all c.i.f., New York. No change fron last season. Manihiki blacklip.—America! market firm at 35-37 cents U.S. per lb. f.o.b., Rarotonga; producers currently re ceive 1/9 lb. Aust. (approx. £A196 loni ton). Tuamotu blacklip.— £A500 f.o.b.

New York; divers receive 47 Pac. franc per kilo. (£A336 per long ton) on beach TROCHUS SHELL.—Sydney quotations ex wharf. B.S.I., £A140 per ton; N.G. £ A170-£ A190 per ton; New Hebrides £A120 f.o.b.; Fiji, £A160 f.o.b.

GREEN SNAIL SHELL.—Sydney agent recently quoted: N.G., No. 1, £A180 £ A200; No. 2, £ A70-£ A100—per ton, e wharf. B.S.I., £A200 per ton, ex whar!

N.H., £ A280 approx, per ton.

PEANUTS.—P-N.G., recent sales i: Sydney brought 1/6 per lb.

London Prices

London, July 16.

Copra, c.i.f., Continental Ports, ton:- New Hebrides, July-Aug. 83,000 Metrop. fi ( £ A107 approx.

Tahiti, July-Aug. . .. 85,000 Metrop. fi (£ A109/8/- approx.

PM Straits, July-Aug. . .. £Stg.75/10/ (£ A94/7/6 approx.

Ceylon, FMS Nomim Philippines, bulk, Aug.-Sept. . . US$20 (£ A89/18/- approx, Coconut Oil, c.i.f., ton: — FM Straits, 3Va% drms., July-Aug. £Stg.li (£ A137/10/- approx Ceylon, bulk, July-Aug £Stg.lI (£ A140 approx Cocoa, per 50 kilos, c.i.f., Nth. Cor tinental Ports:— Accra, Oct.-Dec £Stg.l3/5,. (£A265 approx, per long tor

Islands Mining Share

Fiji

Aug., 1939, Aug. 1 Sept.

Emperor . b9/ll bl4/5 bl7/3 Loloma . . S25/6 b28/l 1 / a b27/-

Papua-New

Guinea

Bulolo G.D. . bl24/b54/b54/- Mandated All. b3/8 b6d b6d N.G.G. Ltd. . bl/10 b2/l Vs b2/3 Oil Search . .

S3/11 b5/4 b5/2 Oriomo Oil . . b5/s2/8 b2/3 Papuan Apin. b4/ll blOd bl/3 Placer Dev. . b68/6 b340/b350/- Sandy Creek .. bl/5 s6d s3d