FALL IN FLAX.

Manawatu Herald, Volume II, Issue 274, 26 June 1889, Page 2

FALL IN FLAX.

There has naturally been a feeling of uneasiness on the part ef the hemfc millers, on the news of the reported price that New Zealand hemp had fallen to. We would. point out, that the intelligence is only another sign for the need of care in preparing the fibre for market, as every report yet received points to the stability of the trade, with ordinary caution. TSjk-. price is bound to rise and, fall, and then*xt two months will probably piesent many fluctuations in the prices, as it is the slack season, if on* may m term it, of the binder twine makers, as having prepared a large stock for the coming harvest in J&pg. land and America, they await to see what stock may be on hand. ''Therefore, though always purchasing, Utey are not necessitated to buyinlarg* quantities, and therefore "nibble" when prices writ, la the April report of Mr Sparling, he states that " the priceg of New Zealand flax . have given way comparatively little," and " there is no general pressure on the part of importers to force sales, which speaks we! for the hold which this article is taking on the general fibre markets." t the date of the report there were symptoms of improvement in the flax market. The other day Mr GilfiUaa landed at Auokland after a trip jk© Londeft, where he paid particular attj&tiM; to the trad* in New Zealand Wfc , After repeating the usual oorapMEsi of the bad d> easing of Wellington flax he expressed it m his opinion as we produce *Hgooq article, and will command a fair and payable price. Jt is not likely that flax will ever again reach the low price that nOMa short time ago;