WARRAH SUBDIVISION SALE.
High Prices Realised.
At Quirindi on Wednesday last, the auction
sale of the Warrah subdivision for 38,000 acres took place. There was a very large attendance, said to number 500, although a small charge was made for admission. Buyers showed no disposition to be depressed by the existence of either war or drought, although
the latter has been so severe locally, that the vendors of the subdivision announced prior to the sale that they could not undertake to shift the stock before April 1, although the date advertised was January 1. This, however, did not appear to affect the
sale, judging from the prices realised. Mr Robert M. Pitt, of Pitt Son and Badgery, Ltd. (Sydney), and Mr. William Cadell, (Quirjndi) were the auctioneers.
The Liverpool Plains country was taken first.
Block 6, of 5000 acres, one of seven grazing and fattening areas, was sold at £5/2/- per acre, block 5, of 3755 acres, at £5/8/- per acre, and it was evident that a new standard of pastoral values had been set in the district. The seven plains
blocks averaged over £5/2/0 per acre, Four wheat blocks, totalling 1600 acres, realised £7/13/- per acre, and in one case £7/14/-. 543 acres realised £7/14/-. The "Old Warrah" block of 1931 acres, . £6/10/-. per acre; and
a dairying block of 574 acres, £6. In all some 27,116 acres of the estate were disposed of in less than half an hour, realising £141,055/8/-, and averaging nearly £5/4/- per acre.
satisfactory bidding and the figures realised, centainly prove that land values have not slumped.