THE HEMP MARKET

Horowhenua Chronicle, 29 March 1916, Page 2

THE HEMP MARKET

I«'ALL IN QUOTATIONS. It iis rumoured thai the hemp merclrant>s will within the next day or two afek the millers to cease operations for a couple of months to enI able the accumulation of stocks at present in store to be worked off if I nossi'b!*-'. It' this course is decided upon the MuJiawatu milk will probJ ably close down in three weeks' time. This will be a thing for some 'of the struggling millers, and it will hit their employees very hard. Tliero are about 1200 men engaged in the I industry in this district earning good wages. * They will be thrown temporarily upon the open market. "The effect upon some of the country storekeepers will be prpnouncedi. The sheds in Wellington and Auckland are lull of hemp, and the millers have very little space to fall back v iipon. oven if they were inclined to keep going. . The shipping is rendered more complicated than it already was by the recent fire on the Matatua * ;>t St. John, New Brungwick. This vessel was to have loaded fn New Zealand" in May, and it was expected; I that she would have beeii able to take away a certain quantity of lienip. Now she' is cancelled out of the shipping :'arrangements, and there is no present prospect of any other vessel taking her place .—iM anawatu TimeßT r i "