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In connection with the increased cost of llour. the biscuit manufacturers throughout the Dominion have found it necessary to make an advance in the price of biscuits.—[Advt.] FROZEN MEAT TRADE. Complaint is made in Wellington that there is not, sufficient steamer space available to take the frozen meat to the Old Country. As a result the -cool stores are chitted and the freezing companies are refusing to Like stock. Some of them contemplate shutting down. X.S.W. TRADE RETURNS. SYDNEY'. December 31. The New South Wales bankruptcy figures for 1914 show that 528 petitions were filed. The liabilities amounted to £325.110. and' the assets to £141,063. In 1913 there were 464 petitions, and the liabilities were £208,704, and the assets £144.037. The Svdncv Bank clearinss for 1914 totalled " £353.068.000 an increase of £4.326.000 over the figures for 1913.

During the year 559,442 bales of wool were exported from Svdney—23l,9s4 bales below the figures for 1913. January 1. The State revenue for the haif-vear ended December 31 was £8.597.408. being an increase of £296.524 on the previous i-orrfsponding ha 1 f-year. The. revenue for the half-vear showed a eomparative decrease of £72.505. The New South Wales State revenue for December was £1.596,175 —an increase of £82.541 over the figures for December. 1013. TRICK OF TIMBER. SYDNEY, January 1. Timber merchants have decided not to a-dvan. e prices, but to reduce the rate of FAT STOCK DEAR. SYDNEY. January 1. There was an excited demand for fat cattle at llomebush yesterday, values generally ruling higher than at any time since the 1902 drought, when cattle were imported from New Zealand. HOWARD SMITH COMPANY'. MFLBOURNK, December 31.

The shareholders in Howard Smith and Co. have confirmed the proposal for the reconstruction of the company with a nominal capital of £5.000.000 "in £1 shares.

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COMMERCIAL., Issue 15690, 2 January 1915

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COMMERCIAL. Issue 15690, 2 January 1915

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