19-08-1889: Sale of the Ferguson & Urie building in Collins Street, Melbourne, Victoria.

The Argus, Melbourne, Monday 19th August 1889, page 8.

“CENTRAL CITY PROPERTY. To Banking and Insurance Companies and Others. That CENTRAL PROPERTY. No. 10 Collins-street East, For Sale. Principals only. Apply Ferguson and Urie, 10 Collins-street East”.

Financial market turmoil has begun and it’s likely the sale of the flagship Collins street building is the first casualty to fall in the company. The stock market crashed in 1890 and many businesses fell under pressure from the market woes. This was the first attempt by the company to sell the building but it was not sold until until 1901.

The building at 10 Collins Street (later 281-283) was built in 1884 and demolished circa 1915.

The Ferguson & Urie Building at 10 Collins Street East.

The Ferguson & Urie Building at 10 Collins Street East.

Related posts:

30-09-1873: For sale, 10 Collins Street.

20-03-1884: Ferguson & Urie building facade approved to be made of Hydraulic Freestone.

22-08-1884 : Ferguson & Urie’s new premises.

14-11-1899: The Auction of 283 Collins Street.

21-02-1901: The Citizens Life Assurance Company purchases the building.

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