HEMP INDUSTRY
DOMINION MARKET SLACK.
MILLS ARE AGAIN CLOSING
WELLINGTON, Jan. 16.
When the Manawatu flax-cutting season opened at J,he end of the winter in August prospects of the New Zealand liemp mafket were rather promising, as. the demand at this period was :sufficiently strong to encourage tlno hope that ultimately the mills would be able to run full time for the whole season, states the Evening Post, Wellington. During September and Octber, however, the .demand fell away, and it was exceedingly weak during November. Last month it petered out, .and seemingly for good this sea-
■To-day, . owing, to their inability to make ccii’traets, one or two. of the mills, it is reported, have definitely shut down, and several other mills are likely to follow tlieir example within the next few weeks, unless there is a quite, unexpected overseas demand for tho fibre.
The chief cause of the slackness in the New Zealand liemp markets overseas -appears to he the heavy supplies of sisal and -Manila fibres now available, and until these are considerably reduced it seems scarcely reasonable to expect any external demand for the New Zealand fibre.
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Hokitika Guardian, 18 January 1933, Page 6
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189HEMP INDUSTRY Hokitika Guardian, 18 January 1933, Page 6
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