Ikom, on the Cross River and with a total population of just over 7,000 in 1953, lies near the boundary between Nigeria and southern Cameroons. It has been commercially important in recent years, as was indicated, for example, by the presence there in 1953 (the date of the last fairly reliable census) of over 1,500 Ibo. But the Ibo are newcomers, and this paper is concerned with examining earlier patterns of trade as they had developed down to the nineteen-twenties. More recently the people of Ikom have derived their prosperity from the exploitation of their soil, which is eminently suitable for producing cocoa. According to a visiting soil scientist in the 1960s, there are in the locality 140 square miles of suitable cocoa land, which in fact is so plentiful that although two-thirds of it was still held in a forest reserve there was in 1966 no public pressure to have any portion released for agriculture. The affluence based on cocoa is, however, recent; the traditional path to prosperity and influence was through participation in trade, especially trade with Mamfe to the east and with Calabar on the coast, principally along the Cross River.