N. Z. HEMP.

Manawatu Herald, Issue III, 4 February 1890, Page 2

N. Z. HEMP.

» The lait quotations from London state " t'.ere is more inquiry for good hemp, but common qualities are neglected. Good is worth £27 15s per ton; medium, £26 10s per ton." In connection with this we may point out that for many months there has not been more than one pound per ton difference in value quoted, and that the increased sums obtained in the colony haa arisen from the American demand. Just now hemp millers are painifully aware that there is a lull io the orders irom that quarter, and pricee have naturally dropped in correspondence with the Loiadon market. It is asserted that the Americans are witholding orders until the arrivnl of hemp already shipped, to see if their purchases come up to their expectations. If they do, we can confident y expect large orders, if not, it will be the millers own fault if by carelessness in manufacture, they have "killed the goose that laid the golden eggs " By a letter received by the last English nail a mercantile firm received information that the leading fibre brokers were taking st ps te clas»ify the fibre arid to prevent any of inferior quality being ei itered at lales. It appears evident that buyers have not unbounded confidence in either the skill or honesty of the manufacturers of this article. It should not be so, but only the millers are to blame.