THE HEMP MARKET.

Ashburton Guardian, Volume XXIX, Issue 7818, 10 June 1909, Page 3

THE HEMP MARKET.

WELLINGTON, June 9. A' private cable received from Melbourne this morning somewhat complicates the question of the hemp market. ; The chief fibre experts view ma report was that during the past fortnight prices offered New Zealand buyers for good fair deliveries to the end of the -lea? have advanced 30s per ton,, from ! ■£l 9 I«sto£2l. The High Commission- ; -er's cable message under date May 27 indicated a rise of only 5s per ton an ..aio further rise on June o for forward Snfl spat .sales o« the London market There arc> actual' enquiries from that quarter at lfls advance, also simultaneously from America at £1 iii^her The effect of the private cable refer*ed to was that the Manila market hasid*. dined another 80s and that the price was most 1-kclv to rule lower. Ino offer mado was £19 to £10 Ifo.for "trnod fnir" free on board, Wellington, «nd according to grade points. Onlookers experience considerable erobar- ■ rassment m connection with reports of ■the^tate of the h«nn market that are #fc present ia circulwpn^