COMMERCIAL.

New Zealand Times, Volume XXIX, Issue 4226, 6 October 1874, Page 2

COMMERCIAL.

MELBOURNE MARKETS. (From the Argus, September 26.) In the import market business is still quiet. There is however, a decidedly better feeling and a more buoyant tone apparent, which it is hoped may lead to continued improvement. Breadstuff's are in good request, and flour commands more attention. But though the prices obtained bespeak an easier market for flour, wheat is very Arm, with a hardening tendency. Wheat is wanted, and sales could be readily made, were there any parcels offering, at 63. for prime, while medium would realise ss. 9d. Oat 3 are steady at quotations rising from ss. to ss. 4d. Business Is pending in the CaliforniaD, just arrived from Sydney. Maize is dull, a»d prices are lower ; 4s. Hid. has been taken for small lots, and we understand that parcels have been offered at 4s. 10id. New teas still continue to monopolise attention. Sales ex Mangerton have been effected to the extent of 1100 packages. Tasmanian hops are moving off more freely again ; a telegram having been received reporting little or nothing as having been shipped for the month. We hear of a line of 150 bale 3 Tasmanian 1874 having been taken by one buyer on terms withheld. Sardines have also been a good deal run after. In many instances holders refuse to sell, or quote a price. We understand, however, that negotiations are pending for the quittance of a considerable parcel. We quote 10s. for halves, lib. salmon has also mot with a good inquiry ; holders now ask lis. 6d. ; offers are freely made at a shade under, but the stiffness exhibited prevents business. Currants are still wanted, but there are no sellers under 5,1 d., and 5Jd. is very commonly asked. The public sales of timber attracted a good deal of attention, more especially as a considerable advance on last week's sales of deals was established. New Zealand white pine brought Bs., and Queensland cedar, in log, was cleared off at 13s. 3d. to 275. 3d. In liquids we note sales of Hennessy"s case brandy at 28s. 9d. We learn that at the meeting held to-day in Launceston, in the estate of Messrs. Peters, Barnard, and Co., it was decided the estate should be wound up in bankruptcy, Messrs. Homo and Fysh being nominated trustees and interim receivers. THE LAUNCESTON FAILURES. (From the Melbourne Daily TeU'jraph.) Through the courtesy of Messes. Lyel' and Cowan we are placed in posssession of full particulars respecting the Launceston failures. The estates at present under examinations show as follows: I'KTMtS, BARNAKD, AUD Co. MABILIXIia. Slerchants £54,000 Accornmodation and other bills discounted byAskin and Morrison £IIO,OOO Accommodation and other bills discounted by bankers and others 30,000 £140,000 Amount expected to rank on estate .. 100,000 £154,000 ASSETS. Stock-in-trade, book debts, and other assets .. £16,000 Deficiency 138,000 £154,000 Note.—The estate is not expected to realise to creditors (unsecured) more than Is. to 1». 3d. pcr£. Peters has filed his petition of inability to pay, calling the meeting for the 22nd September,

H. B. NICHOLLS, LONOKORD. LIABILITIES. Melbourne creditors £2,191 0 0 W. WhitoandCo 500 0 0 Peters, Barnard, and Co. (accommodation) 4,000 0 0 John Murphy and Co 500 0 0 £7,101 0 0 Preferential claim— Bank of , secured by judgments and mortgages £6,500 0 0 ASSETS. Estimated surplus of assets after payrnont of bank's claim, as above .. ..£3,500 0 0 Deficiency 3,091 0 0 £7,191 0 0 Roughly estimated tho estate may pay from 3s. 4d. to 4s. in the £. W. B. Edlin and Co., Launceston. LIABILITIES. Melbourne creditors £1,742 7 10 Accommodation bills .. .. .. 10,000 0 0 £11,742 7 10 ASSETS. Estimated value of assets £2,000 0 0 Deiiciency 9,742 7 10 £11,742 7 10 Brandt, Brisbane Street, liabilities. Melbourne creditors £2,290 10 10 Accommodation bills 9,000 0 0 £11,290 16 10 Estimated value of assets .. ' .. .. £2,000 0 0 Deficiency 9,290 10 10 £11,290 16 10 BY TELEGRAPH. AUCKLAND. October 5. Mr. Alexander Saunders reports:— Sales—Fiji Bank, 535. Od. Buyers—Bank of New Zealand, 3555.; South British, 50s. Sellers—National-Bank, 705.; National Insurance, 295.; Tookey, 305.; Caledonian, 1205.; Tokatea, 10s.: Fiji, 545. CHEISTCHUECH. October 5. De Bourbel reports of the share market: —Buyers— National Insurance, 295. Od.; National Bank, 80s.; South British, 505.; Standard Insurance, 10s.; Colonial Bank, 13s. Sellers—National Insurance, 31a.; National Bank, 80s.: South British, 525.; Shipping Company, 10s.; Standard Insurance, 10s. Od.; Colonial Bank, 15s.