New Zealand Hemp

Feilding Star, Volume XI, Issue 87, 16 January 1890, Page 3

New Zealand Hemp

The Loan and Mercantile Agency London report on November 29 :— The firm tone referred to in our last issue was well maintained the first three weeks of the past month, notwithstanding the increased quantities brought to auction, /and though prices exhibited considerably irregularity, the finest qualities •and ordinary strawy hemp, meeting rather less inquiry frequently at «asier prices, on average they marked but slight alteration from those current four weeks ago. Fair to good -well-dressed - parcels, however, elicited jceen competition at prices ranging :from £31 to £33 per ton Tbe tales ;at auction and privately during this period aggregated some 5,000 bales, «,t £33 Ids -per ton for good Auckland .£3l to £32 15s per ton for good Lyttelton, £30 10s to £31 per ton for medium Wellington, and £29 to £30 .per ton for fair medium, while rather strawy parcels of mixed colour brought irom £27 10s to £30 per ton, and ordinary coarse and strawy descriptions from £2,5 to £27 per ton. Shortly -after the auctions, however, on 20th ' instant, a somewhat weak tone became in the market, and, under pressure of PX'-eptionally heavy arrivals, this l>< came emphasized on 27th idem, when over bales were submi; ted to tbe hammer, and only about 1000 bales sold at a decline on average of from 25s to 3os 'per ton. The lower qualities realised prices which «xh.b ed b it slight alteration on re •cent rates, the decline being most marked in the case of medium and ~ .good parcels. The market for Manila has been fairly steady, and ; close from £44 10s to £45 per ton for, fair current to *airive,' and £45 per ton on the spot. <5.i.f. terms Sisal is quoted nominally at £4B person.. ; ... Tow has met with a fair demand at from £5 10s to £6 1 0s per ton, according to quality.