COMMERCIAL.

New Zealand Times, Volume XXIX, Issue 4222, 1 October 1874, Page 2

COMMERCIAL.

Failure in "VicioiiiA.—About ten days ago v/o were compelled, sayu the- Melbourne Argus, contrary to our usual custom when we are not prepared to glvo the name, to refer to the difficulties of a firm in a seaport town in Victoria. "We now understand that Messrs. Eatcman, Smith and Co., of 'VVarrna.nbool, have had a mectfng of creditors, when a stateroent of affairs,, prepared by Mr. 'Harold Selwyn Smith, was placed' beforo them, showing direct liabilities unsecured amounting to £10,032 Os. 2d., of which about one third represent trade liabilities. The free assets, coroiisting of bills on hand, with stock here and abroad, a'ro estimated at £8433 sa. Od. Of the doubtful debts due to the estate, Messrs. Batcman and Co. feel confident a large amount may be recovered, if sufficient tkno b« allowed to realtao, Alter

some discussion, a resolution was passed that the estate should be wound up in liquidation, by arrangement binder the. Act, and Mr. Harold Selwyn Smith was appointed trustee, assisted by an advising committee. TASMANIA!* MARKET REPORTS. (From the Hobart Town Trihune, September 18.) HoiiAiiT Town.—Business during the day has been moderately brisk, and - sales of wheat and flour have been made confirming late quotations. In these articles no change ha 3 taken place, and we have simply to record last quotations. Flour rules firm at £l2 10s. to £l3, and wheat sells at ss. Od. There is a good enquiry for sharps at £7 10s. per ton, and for bran at Is. 3d. per bushel. Best quality oats sell at 4s. 3d. For English barley there is no demand, and we hear of no sales having been effected. Potatoes were sold to-day at £1 per ton, a sum which exceeds by 10s. any sale for some time past. Launceston.—Tho markets are still very quiet so far as business is concerned, and advices from Hobart Town report our crisis has affected that market seriously, destroying confidence, and rendering money scarce. " Quotations are unchanged.

BY TELEGRAPH.

AUCKLAND. September 30. Mr. Alexander Saunders reports :—Sales: Bismarck, 4s. Buyers: Bank of New Zealand, 3555.; City of London, 255.; Jloanatairi, 355.; Whau, 30s. Sellers : South British, 61s. Od.; National Insurance, 295.; Fiji Bank, 54.: Caledonian, 150 s.