NEW ZEALAND FLAX.
We have to report a visry quiet market for New Zealand flax throughout the past month, which is mainly owing to the generally depressed state of the rope-making trade. Indeed all descriptions of hemp .have been, quire as much depressed as New Zealand flax. The demand has not been .great, and there is ito material change in value. Out of abont 900 bales offered publicly only 300 have been sold at £32 for superior dressed • £27 to £29 10s for fair to good ; and £24 to £26 for common to middling dressed.. Fair to good halfdressed may be quoted £20 to £21 10s. About 600 baletThave been sold privately at about' a similar range of prices. The arrivals for the month' are about 1,400 bales, chiefly from New Zealand. Tow shows m> change in value, none having been offered at auction. There is a better demand for Manilla hemp, the price of which is firmer. Fair roping may be quoted £54 per toa. .New Zealand Loan and Mercantile Agency Company, Limited, London, 20th May, 1870. '
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Southland Times, Issue 1279, 15 July 1870, Page 2
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178NEW ZEALAND FLAX. Southland Times, Issue 1279, 15 July 1870, Page 2
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