FLAX STILL FALLING.

Dominion, Volume 1, Issue 24, 23 October 1907, Page 2

FLAX STILL FALLING.

JIAiNILA PLENTIFUL. Occasion warrants us in repeating the warning wo recently gavo in these 'columns that rash speculation ill, flax would bo disastrous. Tho fall in London prices—attributable to slightly reduced industrial, activity generally and to renewed .supplies of inanila from' parts that' were previously disturbed on account'of tho war-j-still continues, as shown by the High Coriimisssioner's latest cablo.' Mr. Hawkins, Government Grader, points out , that good fair quality is only bringing £25 10s. here, and it - costs the ALauawatu llaxmiller about £26' a ton to porducc. Home millers, ho says,' arojbound to closo down their mills, unless there' 'is a cliango 'for the bettor. Supplies' of Manila and othor fibres aro unusually plentiful.There is one compensation, that tho quality of the llax arriving just now is much improved." Thero is, of course,, nothing new,in a fall, in the price of-flax. good business mail will always keep a keen oye on the barometer of the ..world's., markets and direct his operations accordingly. He is not surprised by rises and falls. Th'o present situation merely calls for increased economibSj and summons any who contemplate extensive ventures to stay their , hand. . /Improved machinery, howcverj is being gradually obtained, and this, with tho greater profits that will doubtless' be made possible by tho Ruakura classify cation tests, should improvo tho outlook.- •