FLAX AND GUM.

Daily Southern Cross, Volume XXVI, Issue 3887, 5 February 1870, Page 4

FLAX AND GUM.

The following cireulai", dated London, December 3, 1869, has been kindly placed at our disposal : — The promising appearance of the market for kauri gum has since our last fcssn spiious'y altered As we intimated in a previous communication, we fear< d that the high prices might induce reckless shipments of this article, and should these shipments be excessive they would damage the article By the arrival of the ' Kate Waters ' and the near approach of the ' MaiyShepherd,' we hive an iucrease in our stock, included in their cargoes, of about 600 tons, and we feat aseilctis fall must for some time ensue, unless ve hoar from your side assurauces that shippers cease to come forward with any quantity foi some time to come , and at the same time hoLlcis heie firmly maintain the market. At the recent auctions there have been but very small transactions, buyers looking on in the expect ttion of a fall The last prices were foi fair middling sciaped 55a per cwt Flax , This artii le is about sustained, but owing to depreciation in puce in Manila hemp, n'l.ieh is used together with it, some persons mako a fall slightly in value, but we attribute any dullness in value lather to the fact of late impoits being rather below the previous ones in quality, most of the samples having the appeaiance of cleaning only at the extremities, with the flag only beaten and bruised. Well-piepartd parcels continue in good demand, and are likely always to sell profitably. Transactions have been closed from £18 5s for tow. up to £52 (7 bales DE) per ton for sound. — J.L. Lindon Da. vis. T he cotton muiket has been rather excited this last week, although to d.iy somewhat dull ; stilt, at close a better feeling was manifested. Yesterday at auction Fijisold-LowJOjto 11} perlb .middling lljd tol^d, fair lb}A to 13d, good 2s 3d to 2s 8d, superior Ss fid. The cotton shipped Dy you per ' Percy 1 was much injured in staple by over-clenning.