THE HEMP INDUSTRY

Bay of Plenty Times, Volume XXXVIII, Issue 5475, 21 February 1910, Page 2

THE HEMP INDUSTRY

The Department of Agrioultur ? ad 7 vises that during 1 Januury the total number of bales of hemp graded was 12,296. as against 6828. for the corresponding- month of last year, an mcrpase :of 59 73-. For tho six months ended January 81 the -number of bales graded was 52,949, as against 37,882- for the corresponding period of last year, or an increase of 15,0(57. Worked out on a percentage 'basis the quantity of each grade dealt with was as fallows :— 'Fkrie, 79 ; good fair, 38.82 ; fair, 50.97 ; common, B*. 11 ; rejected and cjondemnod, 1.11. There has taeun 1 a slight decrease in the (qjuatft'ity \pj kremp dealt with, during Jtmutary a s cotrtpared with December, but this 1 ts accounted for by the fact that most of the mills- were cQorfed down for. about two weekis at Christmas thre. IKirJngt the month, there has been a sharp* decline in vp.luos, ansd £23 lOs is now maximum quotation fcr "g-ood fair.'' "Fair" is .quoted et £22 10s. and "common" at atfoat £20 10s. The ttjndftfncy is i O v the prices to decline 'rather than advance,, the. Australian ilc/iium!- 'having slackened. The tjunntity (> f "fair" grade rteaH with was larg-i-1 , in excess, of any of tho other grades. This is,, as startjtfd in pre^ioußi reports, attributable to the fact tftia|t there is only a very small margin between the prices ruling for "good fair" and "fair." While this may be fortuhato for some nriljars, it is M-e---cidedly unfortunate for the indust ry. A greater margin would lx» a« imvntivp to millers to turn out a higher grade article, and so enhance the reDutation of our hemp. During the month 4184 bales of tow were dealt with, as as agaimst 4897 for the previous month.

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