THE HEMP MARKET

Taranaki Daily News, Volume LII, Issue 73, 22 April 1909, Page 2

THE HEMP MARKET

DIVERSION' Of MAXILA PRODUCT. : ' I'BOBABLE EFFECT OX XEW ZEA- 4 LAXD FLAX. -| XOT VIEWED SAXGULVELY. , J 1 By Telcgraph.-Preis Association. ' 1 Wellington, Last Xigb.t • j The cabled announcement that Amerl* \ ra is taking determined steps to close 1 the Philippine market to other nation* J liy establishing free trade between it» j possession ami American ports seemed 1 io give a rny of hope to the Xew 55e»- j mid flux producer, that in the leaned J trade with Europe jn Manila hemp 1 ivhich might bo expected to follow the J estrictions, Xew Zealand flax would en- 1 tyr more proniineully into the ealcula- h Jons of the Home manufacturers. Sev. jj >ral authorities on the subject, inter- 3 rteTOj ty ; a New Zealand Times' re- 4 ircseiitatiw, explained the position but '] ivcro not very optimistic America, it a ieems, has during the last twelve 4 Months liocn steadily ousting London 1 roni its old jilaoe of pride as the centre 1 if the hemp market of the world. Man- 9 , i n hemp is the best hi the world, and I i Americans, with control over the only • place where it is produced, have an nnequalled opportunity of turning the -t stream towards the land of the Star. * and Stupes How ,hi„ has been done il '- >t"kmgly illustrated by the weekly mar- . ket reports from London, showing the $ destinations of Manila shipments. So 1 • V r- V V - lm ' ■'Wt' *<> tk« 1 nited Ivinpiloni were greater than 1 ho*, to the State., but the imposititt, j '1 the ..xport duty on hemp and the 1 ileclarat,,,,, of free trade with Amerle* 1 Hly a tercd the balance of busine£ j in the following table show*-Bal*i shin- I I'!'.' 1 '" 1«M to end of J„I V („ ffl I vur.lon, mm-, to United Su£f, 1 l-'v'Z / frf Al, B" fit 270,000^1 !;*«; to end of Vovember, HfISOOO- i I <t. .OOti. It can thus I* „een how rapidly the Americans scored. The ininortint ,'l'ie»t..n. (o Xew Zealand i, w» «K. Inferential treatment to * *£J* S -asJ,i„deMw hl eCt^^l s "'t o |i' "If* *** on fibre,* '"'"P I- Xe Z»„ ! r ° r from iilion. c w " IJ "*"«'■ lias its limit-jB