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THE PEARL
enormous profits. In consequence, the average of 1859 went up to $22.50, the oysters bringing at one time during the season as much as $42.00; i860 realized an average of $66.00, the highest price paid during the season being $90.00.
The fishery of 1863 though it realized more for the government on account of the large catch, brought an average of $33.50 per thou­sand only. In 1874 the oysters brought about $40.00 per thousand.- Of late years the average has been less, ranging from $12.00 to $14.00 though at times double that price has been paid.
The pearls found in the oysters came quickly into the hands of Hindu merchants who assorted them and shipped a large part to Europe at prices much less than those which rule in the United States, though they usually made a good profit over cost. With the leasing of the Ceylon fisheries much of this speculative business will undoubtedly be eliminated and the pearls marketed at more regular, prices.
At fisheries where mother-of-pearl is the chief factor of the industry, it is difficult to get
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