N. Z. Hemp.

Manawatu Herald, Volume III, Issue III, 13 June 1890, Page 2

N. Z. Hemp.

rHE low prices quoted ty cablejramfor N. Z. Hemp ib London are certainly very low, but we agaia caution antlers nipt to Ist it diiheer* ten them. „ > It must be evident IhM the iatisfe quotation 119 must be for t&« v«ry worst descriptions, arid the li&ndon reports are valueless for guidance without the top-prices hiing alio given, with the Jpriees for Manilli, on the same dates; '' That only 1400 bale*, iqi»l to about a /fortnight's odtput W the mills around Foxton, ' wefe withdrawn from sale; prove, that the enormous export from this' Opldny has found a market. - '' *'-.-' ' It would.be handier j ao dgi\iht, : if we knew exactly 1 the total stocks cii hand, but it may be fairly p*e.»f_«-_a. " that they are not large, bjr the *' Writer ."' l draWal of nearly all the* quantity . offered for sale. : "'•■ ' ' -.'''■'■ -■'■'' The fact that at this time -'kVfery' * year the hemp market is at ita lowest, 1 must' be- kept ih mindj' a^So^ tliat soon tbe buyers will Jfinji; {)&%, • it ; the export hasconsiderably uVcifca.ed. In Dr Hisotor's > Phoft_tiu_orT4hax " there is a most useful chart ' Bhowing the rise and fall in priceir 6f Phoi" mmm, ' Manilla, and Si-'aT "foi* the three years 1886 to 188$. Ip iaßo of 1686 Phormium realised \*_T4* ton, in 1887, £27 lOs a ton and in 1888,. £27 a toa* .,;. Manilla -at -4taiv,-.. same period's walifjng -£27, *S9O, A and £82. A casual _sale is no iadicatien «f the average sum gained in the year, and hemp, like frozen mo_.t _au_t be judged by the twelv.montho turnover. We see no causa for thinking prioes will drop, on tb« contrary we hold that present prices/and stocks on hand bid us to reasonably expect a steady rise as sooa as the 'laanufacturera begin td prepare for the i coming next year's harvest. Prob' j ably in v co*plo of month's time*