THE HEMP MARKET.

Rangitikei Advocate and Manawatu Argus, Volume XXXIV, Issue 9434, 3 May 1909, Page 2

THE HEMP MARKET.

The state of the hemp market has been causing anxiety for some time past to those connected with the industry. At present, says the Trade Review, there is a slight revival to be noticed, though it is feared that it does not coin* to any permanent improvement. It is reported that there is a little slackening in the output of Manila, and therefore more activity in other fibres in the London market. The Review continues : —“As) however, all forecasts have pointed to a very heavy output of Manila for the year, we expect that the slackness, if any, will prove only temporary. There has been in this market an increased inquiry for ‘fair’ grade, owing to heavy fallingoff in the output of that quality, and a consequent difficulty in carrying cat contracts. We hear of some spot galea at £lB as (a rise of 15a), and offers of the same price for JnlySeptemher . delivery. For good fair we hear of a little trade, but quotations generally rule £l9 10s to £l9 153, There is little inclination of millers to enter into contracts at these rates, as they do not pay, and it is thought there is some prospect of an improvement in the labour conditions before long.’’