BIG FIRM CLOSES
.9 a ■ w Melbourne Drapery Shop IN RECEIVER'S HANDS (Received 24, 8.45 a-m.) MELBOURNE, March 23Messrs Craig, Williamsons _ Ltd., a large drapery emporium, whieh has traded in. Elizabeth street, Melbourne, for 63 years, is closing down business to-morrow, The business haa been in the, hands oi the receivers for some time, The premises were offered at auction last week and the highest hid was £335,000 below the reserve and was passed in. Tenders that had been called for the purchase oi the stock and hook debts wer© opened to-day, when it was announced that Messrs Anthony Hordern and Co., Sydney, had purchased the stock and that Messrs Ball and Weleh, Melbourne, had honght the hook debts. ihe advei'tised valu© oi the stock was 15131,022 and oi the book debts £50,746. Alost of the staff are being absorbed v c'bea Melbourne tirms.
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Bibliographic details
Hawke's Bay Herald-Tribune, Issue 58, 24 March 1937, Page 5
Word Count
144BIG FIRM CLOSES Hawke's Bay Herald-Tribune, Issue 58, 24 March 1937, Page 5
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