FLAX.

Hawke's Bay Herald, Volume 14, Issue 1164, 24 June 1870, Page 2

FLAX.

Messrs. Devitt and Hett reports as follows : — New Zealand Flax — Only 400 bales have been offered at auction since the 241h ultimo, tho bulk of which found buyers at former rates, viz., WMoL, per Carnbodiu, at 275, C>", per Kapido, at £26, B (in diamond) at £28 10s,, no mark £25. The bebt dressed qualities are scarce, and are nominally worth £32 to £35, Wo think that prices have now

touched tho lowest point, and we anticipate an improved demand. :' G. and J. Noble of London, under date 22nd April, report as follows :—Thore have been only two small public sales since our last report ; the few lots sold brought about previous values. . Privately there have been some sales made, ranging from £19 for the common to £30 per ton for good fairly cleaned fibre. Messrs.. Miles Brothers and Co. report : — We regret to say the market continues very depressed, and sales have beeu made £3 to £4 per ton under last quotations for good qualities; common and medium selling at about former rates. We believo this is entirely in consequence of the report that New Zealand flax will not stand the sea water action, although it is most serviceable for inland purposes. We cannot help thinking, at any rate hoping, that a reaction will set in again in its favor.; in fact, we hear that several rope makers have been talking it down as much as possible, while at the same time they have been quietly buying it up. Present prices, 6ay— ■ Common . £13 10s to £18 per ton Medium ... £20 to £25 do Good to fine £28 to £35 do Manilla hemp, which has been drooping for some time, now shows more firmness; with a rather better demand, and prices are not likely to go lower. We extract from. Messrs. Noble and Devett and Hett's circulars tho following as the prices obtained for New Zealand flax : — Ex liapido, 10 bales, £25; 18 bales, £2G ; 40 bales, £2G ; 22 bales, £28 10s. ; 17 bales, £15. Tallow. — The market during the past month has been extremely dull and prices have declined about Gd. per owt. Quotations for P. Y. C. are 445. on the spot, and for delivery to tho end of June, and 455. 3d. per cwt. October to December. Town tallow is in rather belter supply at 425. Gd., being a de-. cline of Is. Gd. per cwt. Australian Tallow. — A good demand for this description, but prices have declined Is. to Is. Gd. per cwt. Quotations are .—Mutton, fair to good, 425. Gd. to 435. ; mixed melting and beef; fair to good, 425. to 425, Gd. per cwt. Import. 8,904 packages. Sales, 3,761 packages. Stock, 10.874 packages.