A CAUTION OF HEMP MILLERS.

Manawatu Herald, 27 August 1889, Page 2

A CAUTION OF HEMP MILLERS.

A Lbtteb Fboh Home. We ar»,iUj|psn' receipt of Mr James L OKver's opinion on the Flax market in" London, and as fc» is very much interested in the induiftry^havinyjruVuip ■ mill fa hi» Okauft property, it may be relied on that, he has done hit bejtf>to find out the future prospects. * Mr Oliver «Krite»4iuUfl time. to. .patch. tftf> mail and sta es that there has Just been a drop in^^^l.^Hemp of seven pounds a'vtM^^ntng the month, , owing entirety |# the slovenly way in wMch the majari^ of the fibre come* into the market;.. Buyetipyire losing c*mfi<s*nce fast, on this | account, but an long as the matafrial it good there are no^ signs of m%&t of buyers. AJI the urformatkm , Ap- be obtained, here tends totlwbeUqi'&at prices will, come down ip p2fr a ton, but that there is no Hkeliiioo^ o^ it going below £20, and $ a PP% 1 ™ probable that an active .demand « ill be kept ud for a 'qngiime & prip.es ranging from £24 to *28 ' a.'tyn . Mr Oliver believes tfeofc if coie'ia taken, which he hpl<& J^ujd and must be taken, the chaaceqar^tjtiat prices will again rise to £35,' and ! for the very bsst descriptions, even. mote> H e foela, as Wfc staisdjWfyre, very mtieh interested in the industry, and also m tfcp ;-■ -welfare ; flf ithe Borough of whose CQiiii\al y |ie t^s a member, ■ previous,,. tQ $$ipifag t .£or home,: and he deejjiy jc s^p^l»^ihe carelessness, displayed .inffn^J^'Oduction of. the fU>r^, J° drive purchasers to' lose afl fiiitii in it, whereas with .proper care taken, he feels sure there would be a long steady demand* at prtoeawk4a>^wiuld pay, and 'i&uui' eitaDlish the |moaperity ofjfchis town. > Wa trust our millers will* take this caution mV« their serious consideration.