The Evening Star: FRIDAY, OCTOBER 14, 1870.

Auckland Star, Volume I, Issue 239, 14 October 1870, Page 2

The Evening Star: FRIDAY, OCTOBER 14, 1870.

Anyone that has seen the working of a' " Commercial Room" in other cities must -feel gratified that the subject of the establishment of such an institution in Auckland has been mooted in our Cham ber of Commerce. As will be seen from the report'of' yesterday's meeting of the Chamber^ of Commerce overtures have be. en inside;: from Greville & Co. through their agent here, aud that the matter has been referred to a committee to report at a subsequent meeting. The success that has attended these rooms in the hands of the gr,eat Australian telegraphic! company, the favour wjith which, especially in Melbourne, is regarded by commercial men, and the conveniences it has afforded for the transaction of business aud obtaining the latest reliable jinformation regarding the operations jof commerce, area guarantee that the opening ~

of such an institution, when once-its advantages become known, would meet a very cordial approval. It is irae we. have news-rooms, with their seveiaT advantages; -'lsifet without saying, auything derogatory to/\any .of fthem, there is ijioneV having tliat special feature possessed by the " Conimercial Eoems" of Melbourne. With telegraphic wires leading into the establishment, with" the immediate poating-up of the arrival and departure of vessels throughput thelerigth'and breadth of the colonies, and of all intelligence regarding the state of the markets and the iluctua tipns of trade, with news specially prepared for its bearing, on commercial interests, the " Commercial Rooms" have possessed a speciality not -to be expected from Schools of Art, Mechanics' Institutes, Public Libraries, or general newsrooms ; while full files of all colonial newspapers and tra.de circulars, for obtaining which Greville and Go-i as-telegraphic-.agents Jor. :nearly all the principal papers of the colonies, have, of course, special facilities, have made those rooms the standard reference on everything relating to commercial trans'acfions. That Auckland should have such a flourishing concern as that of Melbourne is not to be expected, but considering the enterprise of the company, its connection with Keuter and Co., the great telegraphic agents over Kirope, and the experience acquired by the previous working of the system, tliere cannot be a doubt that the " Commercial Rooms" in-Auckland vrould be an eminent success. While as an " Exchange," at whi.-h commercial men would meet and interchange ideas, and transact or initiate business, they would supply a place for which w c have no attempt nt an equivalent in Auckland. We trust that the idea will he favorably entertained by the Chamber of Commerce, and by commercial men in general, and whether carried out in its proposed form or not, that Auckland will become as other cities are in the possession of some kind of " Exchange " or institution devoted specially to the promotion, of intercourse among our commercial men," and to the obtaining, systematically, of all the latest intelligence bearing on commercial questions.