New Zealand Hemp.

Manawatu Herald, Volume III, Issue III, 6 February 1892, Page 2

New Zealand Hemp.

♦- ■ - : The following is Spurling's New Zealand hemp market report, dated London, 26th December, 1891 :— &. rather better tone has prevailed in our hemp markets since the departure of the last 'Frisco mail of 28th ultimo. The quantity of New Zealand brought forward at auction has " been small, but the bulk has since been disposed of, together with some further 300 to 400 bales on spot, of middling to fair quality, from £19 10s up to £20 10s For really good and fine (especially high coloured), exceptionally high rates have been given, partly for the trade, but i mostly to cover " bear sales " previi onsly made. Commencing at £22 5s to £28 10s for good and fine, i prices the last few days have again i rallied, and £24 10s has been paid > on spot for small parcels of extra quality. Our market closes firm, : fine to extra, £24 to £24 10s ; good , to fine, £'22 to £28; fair to good fair, . £20 to £20 10s ; middling £19 10s to £19 15s. For arrival there has been i an improved demand during the past , week, and from 100 to £150 tons ! Wellington at £10, and 100 tons Aucklaud at £19 to £19 15s, o.i.f. are also partly sold. Arrivals of New Zealand hemp since last mail 1 are— Otaki, Blenheim, Kaikoura and ' Nelson, with 5464 bales. Manila Hemp. — The disruption of tele- ! graphic communication during the last fortnight has rather stimulated . the demand here for distant shipI'ffit&t, and fully 10,000 bftiet fa

to Jnne shipment have been , taken by speculators for £28 10s up \ w> £29 for fair current, c.i.f. With this exception the market generally has been dull, buyers prefev looking on till some reliable statistics as to shipments are known. Towards the close, however, prices show soine improvement. Mauritius Hemp shows little change in value, with moderate sales on spot £2 1 10s for fair, and £22 for good quality. Sisal.— The last few days has met with an improved demand, fair on spot £21, good £22 ; 500 bales good reported to-day £22 ss. Prices current.— Wellington, fine to extra, £22 10s to £24 ; good, £21 to £21 10s ; good middling to fair, £19 10s to £20 10s; common to middling, £18 10s to £19 10s ; low and ordinary (nominal), £18. . Auckland fine to extra, £28 to £24; good, £21 10s to £22 10s; good middling to fair, £20 to £21 ; common to middling, £19 to £19 10s ; low and ordinary (nominal), £18 to £18 10s,