Again

erts Confounded Copra es Grstzy Again

i international influences en at work on the world arket in the past month to i the copra experts (“PIM” ), and to produce a y price boom. he indications were there, tuple of months ago, that, • a year, the boom was out. Copra price dropped , £2O, due mostly to the an ient that the United States unload its strategic stock oconut oil.

inloading hasn’t happened

ad this is the first factor in en up-sweep in copra prices, i early October took Philip s26s on the London market of $36 in the month, econd factor in the boom economic crisis in Indonesia miber, which makes future ts of copra from that just a little less certain than ve been for several years 9 ipproach of the northern a reaction from the slow of July and August also, no ave had their effect on the

Stratospheric Levels"

ut oil followed copra into tospheric levels. Reuter ad- October 6 was £Stg.l47 per Ceylon, cif, UK; with Straits 136/10/-. The Ceylon price, it and not a misprint, must all-time record. Ceylon ;oes about £Stg.2 better than hing is certain whether the ► £Stg.l37 or £Stg.l47, not msiness will likely be done ; rates. , interests in Sydney at end first week in October were g hands over the “craziness” market and the difficulty of sane business. The next should tell whether the boom a flash-flood, or whether •ices are likely to become a Meantime, all experts have to go quietly and make no ;ies unless with the aid of a witch-doctor or a grade-A ball.

GET IT! Among the main spectacles of Suva's hibiscus festival were the rugby battles between Fiji and a visiting Tongan team, here seen going their hardest (Tongans in the white shorts).

In the Test on September 26 the Tongans defeated the Fijians, and claimed the mythical title of "Rugby Champions of the South Pacific". Photo: Stinsons.