N.Z. HEMP.

Manawatu Herald, Volume II, Issue 277, 5 July 1889, Page 2

N. Z. HEMP.

«. There is evidently an uneasy feeling amongst the Colonial buyers of N. Z. hemp, whioh naturally reacts on the producers. We would however advise no sales,: extending over any period, at lower prices than what is now being obtained. We do not desire in any way to suggest that any such arrangements are either made or contemplated, but we think it only fair to point out how easy it would be for the largest purchasers of hemp to combine, and refuse to give the prices now ruling, though the market in London might offer far better terms. It is difficult to conceive why the product has dropped to any extent, as it has shown wonderful bouyancy for so long afte* 1 the time the experts gave us to understand that we could hope for. The rea value and usefulness of the fibre is undoubtedly appreciated, and good samples will always keep at paying^ prk»«j Thfrtfi » hrn «M ttfr*

cantile Agency's May report states ■■■■ that sisal remains slow of sale at £5$ per ton, and tlierehad been during: the week, maiked fluctuations in that hey.p. New Zealand hemp, on the contrary had fairly sustained its priee^ and was quoted at £34 to £36 10s. It was also noted as a very satis-v factory sign that the large quantity . which had recent'y come to hand, had gone direct into consumption. The most reasonable view of theso quotations, seems to point, that N. Z. hemp was affecting the vj4u.fr of . manila and sisal, whilsjt JMalßg its < best prices. The differenei in- twud between N. Z. hemp and manilia m £17 per ton, but with tbis ttiff erenor the &st named is actfv* and ihelattfr slow of sale. The Wmfa ;«M(I V be raised as to whetfi«t Mp^. . be sold at a drop of ; 4* m Z. hemp? ThiswouttiWßnSP* £36 andN.Z.hemp^lS&tW^^, don market . " • r ■-