The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-01-28
HEMP PORTS Avn HEMP SUPPL.
The Situation Has Caused Brisk Specu'a.
tion--Statement of n Conservative House.

W. "
The announcement from Manila that tho
hemp ports Of Sorsogon and Legaski have
been occupied by United States troops. to-
gethcr with the statement from Gen, Otis that
these ports wouli ho opened On Jan. 80.
has caused more or less stir among the inn
porters Of hemp and tho manufacturers OF
hcmp products in New York. On the strength
OF this news speculatiOns in hemp have been
reported and various statements have been
made about tho amount Of hemp at present
in this market. and in the Philippines. 1t
is Just possible that statements made about
visible stocks of hemp may bc colored some
what. according as the person making them
Is long or short OF the article. As an whence
that men do not always mako disin'ere,tcd
statements about such things 1t may be stated
that. out OF thirty-fve manufacturers q hemp
products there we're two who. in the face Of
the fact the supply Of hemp has not been equal
to the demand for many months, went to
the Secretary Of War. after he had stated that
an effort would be made to open the Philip
pine hemp ports AS soon as POSSIBLE, and
hcsough; him to delay the opening Just as
long as he could.
In order to get at the truth ahou; the condi-
ton 81 the hemp market n reporter OF TnE
sun mace The attempt yesterday 10 gat the
most unprrludic"l Information obta,pah'e. A
representative ~ ono Of the conservative
houses supplied The following: The total an
nual prOtuct OF Manila hemp in normal tlncs
Is SOO.OOO bales, % which about 100000 bales
are received IN the United States. England
gets the largest part OF the remainder, Seventy
five per cent. # the Manila hemp rpight here
j. used In cotdtge and the other - per cent. in
making binder Irvine for the gram fields OF the
West. According 20 careful estimates there
are in the | nitnd states AZ present lO,OtD hll"-
OF Manila hemp AMI about 10000 bales are on
the way here. H.. ing and the stocks amountto
10000 bales and 80 ~ baieS are on the way
there. This makes tha total visible supply OF
Manila hemp 12J.ODOb bales. "a against between
4UO.OOO and jUO.OOO bales in norma tim"S.
The price of Manila hemp yesterday in this
market was 10 cents u pound, "a AGAINST ~
cents pound before tho warm the Philippines
'for some reason or another certain hemp
dealers gave out the Information on friday
that Manila hemp has not been used OF late IN
the manufacture Of the binder twIne used by
grain farmers. As a matter OF fact, as the iI.-
ure- given above show, 20 per cent. of all tho
Manila that comes here is, used in making
binder Irvine. The rost II the twinc Is made
from sisal h"mp, which II grown in luratan.
the entire product Of which country. 45D,oDu
bales, = used here. Betw"cn ~ per cent. and
% per cent. ofthe total amount OF siSil hemp
received here Is used II in the making II cordag".
The price of sisal hemp has risen IN tn" past
few months from three aud, onH-half cents, IA
pound to nine cents: but the reason for TN
rise has not been because sisal hemp, in
normal times. is used exclusively in the max
ing Of b nder twtnc,. but because sIsal hemp
had to be substituted for Manila hemp. owiag
To the scarcity Of the latter commodity. II was
also stated here ON fr dav thar III" natives at
legas pi. before they evacuated, the town,
hurEo1 about twenty thousand bales Of the
hemp hat was ready for shipment. 1t has
beeu found. as THE SCN'S despatch from
Mdniln. printed this morning. stated. Tint tho
natives burned no hrmp At all. but that he.
tween 5000 and 1000 bales were set aiire ~
shells from the guns of the Nashville and were
DESTROYED