THE HEMP MARKET.

Waipa Post, Volume IV, Issue 156, 22 October 1912, Page 4

THE HEMP MARKET.

DROUGHT IN THE PHILIPPINES. In order to ascertain the extent to which the reported drought in the Philippines would probably influence the hemp market, that is, if current values were likely to be maintained, the Secretary of Agriculture, Industries, and Commerce, Mr F. S". Pope, cabled to the British Consul at Manila to the following effect: —

"Sharp rise prices hemp, London, said due decreased output Philippines. Kindly cable causes and whether likely continue." To this the following reply has been received :

"No shortage arrivals hemp here at present, but eventual decrease of possibly 100,000 bales this year, owing to drought last spring, is anticipated, provided present demand continues." All things considered, the prospects for New Zealand millers this season are as bright as anyone could desire, and the values ruling are likely to result in the milling Of all the available fibre. It is stated that on the whole the leaf is abundant, and although a proportion is diseased, the leaf generally is in good condition.

The New Zealand millers and merchants will doubtless appreciate the information for which the Agricultural Department cabled, and the reply received demonstrates how valuable the British Consuls in various parts of the world can be made in commerce when the Government avails itself of their services.