THE HEMP MARKET.

Manawatu Herald, Volume XLV, Issue 2590, 7 June 1923, Page 3

THE HEMP MARKET.

HIGH COMMISSIONER’S CABLE.

The High Commissioner’s cable, dated the 2nd inst. reads: —“Hemp, Manila market, flat and tendency weaker. 'G’ grade, June-August shipments quoted at £35 10s sellers. ‘JLgrade £3l 10s. Output JannaryMav, 627,000 bales against 598,000 for the same period of last year. Stocks in Manila at end of May. 147,000 bales against 155,495 at Ist of January. New Zealand market without interest. Nominal value high points spot £3l 10s, fair £29 15s, March-May shipments 5s less.” NEED FOR CONSERVATION OF FLAX-BEARING AREAS. Auckland, June 6. The need for the conservation of flax-bearing areas in the Auckland province is to be urged upon the Government by the New Zealand and Northern Flaxmillers’ Associations. A meeting of the Northern Association decided, with the support of the New Zealand Association, to place the'matter of conserving flax areas instead of cutting them up for settlement purposes before the Government prior to the opening of Parliament. In support of the proposal figures were quoted to show that flaxmilling was 100 per cent, more payable than dairying, while the number of men employed on a given area was stated as five for flaxmilling compared with one for dairying. Another argument was the need for maintaining the high reputation of New Zealand fibre.