Is it Wise.

Manawatu Herald, Volume III, Issue III, 18 July 1890, Page 2

Is it Wise.

To successfully carry on flax dreis" ingj it is imperative that the mil'er shmi d ba in ft position to consign all his output to the London or American market, so that he may secure fair rates. Unfortunately most of our mills were started by men with insufficient capital, which was not m ich felt when spot prices ruled so high last year, b'it is now felt beverely, owing to the stite of the London market. Every miller row working obttins % very small advance, if consigned to I ondon, and a very small prico if sold right out. Could he always sell in one mai-ket ho would obtain a better return. What ia the miller to do ? We unhesitatingly advise his putting his plant and hit concessions before the public at Co3t prices, and invit«» applications for shares. The working of the mills, even if but little intorest was earnt, meant the profitable employment of much labour, and th* crea tion of an industry. We have been •autioned by brokers not to let the fibre drop out of the market, yet iome action must be publicly taken t* keep it supplied. The industry is of too much importance to the Colony to permit of its being kept or lo«t, at the risk of the millers themselves, and there are so many trades kept in activity from it, that every one ftheuld give a reasonable support to any mill honestly put before them. It would be wise ev«n if all our gain, as far as the mill was con corned, wa« loss, but we fully believe that a»y mill, worked by competent men. would, with capita' at its back, prove a very paying speculation. It is not wise to find the largest gainers ignoring their duty to share thp risk, and we Are confident that in this district so far, the merchants, engineers, ehippers, and the smnller tradespeople have m»de more profit in dealings with the mi'lera than the mil'ira have yet secured for themselves. Their profits are their plant, but the plant still tieing used, they hare no available capital, and that is why they should divide with the public.