HEMP MARKET.
RECOMMENDATIONS TO THE MILLERS. In view of the uncertainty that exists in regard to the market prospects for New Zealand hemp and tow and the proposed closing down of flaxmills while the present unsettled war conditions obtain, the following cablegram, dated August 28th, received from the High Commissioner, will be of interest: — Flax : Higher price is not anticipated by brokers for some time. My opinion is that prices will recede, but not greatly, if the war be not protracted. The trade recommend flaxmills continuing operations rather than lose touch with the markets. Mr H. Seifert informs the Palmerston Standard in re the fall in the flax market that the position is that whereas before the war good fair hemp was quoted at £22 and high fair at these grades are now quoted at only 10s and £l7 xos respectively.
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https://paperspast.natlib.govt.nz/newspapers/MH19140903.2.14
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Manawatu Herald, Volume XXXVI, Issue 1292, 3 September 1914, Page 3
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141HEMP MARKET. Manawatu Herald, Volume XXXVI, Issue 1292, 3 September 1914, Page 3
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