CLEARING SALE AT THE PEAKS.

Press, Volume LIX, Issue 17756, 7 May 1923, Page 10

CLEARING SALE AT THE PEAKS.

Mr C. 0. T. Rutherford, having 1 disposed of his Kanuka property at lie Peaks, North Canterbury, a dispienishing sale was held on Friday, conducted by Dalgety and Co. Ltd.. in conjunction with H. Matson on Co. in spite of heavy rain and the o-eneral wintery character of the weather, there was a large attendance, and i the sm,. was a very successiui one. The sheep, and emtio were ali in the best 01 condition., and uie same can be said ot the larm implements, ail of wiiich found ready su.e at good prices. 'lho duel interest was centred in the disposal oi the stud English Leicester and Merino sheep, all of which were sold as follows : —Merino ram Auiahu Viigs, ram Coro"ien 7--'=, -i- I'J-" 1 -'• ull ' j3 ut d k6 :i i i<> u t i 4o 8 > ti ewe iambs at iga, 23 three-shear ewes at ii"s 15 at 2;gs, 54 lour-shear ewes at z~'°, and 34 five-shear ewes at ljga. English Leicesters—Eight rams ivt 9ga, 67 one-shear ewes at 2Jgs, 13 two shear at 2J2S, €3 three-shear at 2gs to 2igs, 39 four.si Jar at lijs, 16 ram iambs at ljgs, IS at 2 r s, 59 ewe lambs at ligs. The 'flock sheep sa.ea were—2lo two-tooth, first cr.ss cues at 60s 9d, 413 at 455, 115 four-year-old first cross ewes at 355, 65 sixtooth at 40s td, 111 sound-mouth s,t 27s 6d, 596 three-quarterbred e.ve lambs at 30s, 56 mixed sex lambs at 23s 6d, 32 rape iambs at 235, 33 fat wethers at 265, 82 two-toot A merino wethers at 30s, 18 four, six and eight-tooth merino ewes at 255, and 15 merino wether lambs at 18s. Dairy cows sold at £l4, £ll, £lO and £9, springers at £9, £S 10s and £5, 6 dry cowb at £3 and 22 three-year-old steers at £4, and a Friesian bull at £7 7s. The horsos sold were two aged draught mares at £37 10s and £22, six-year-old geldin-"- at £4O, a five-year-old at £3l, and a five-year-old half draught mare at £l2 ss. Amongst the implements sold were a reaper and binder at £SO, dray and frame £3O, four-wheel waggon £55, turnip ridger £2o,' roller £lO, hay rake £l6, d.f. plough £ll, set disc harrows £25, cultivator £23, 5-lo'af tine harrows £ll, 4-leaf harrowß £9, Avery scales £lB, Murray wool press £22, and a spring oarfc at £27.

LONDON WOOL SALES. Messrs Dalgety and Company, Limited, Cliristcliurcli, have received the following cable from their London office, dated May 8rd:—Wool saleß continue active anl competition bnsk. oreusy fine crossbi'ud, greasy course crossbred, and slipe fine croeabred show an upward tendency, 46'g to 48's are lower, practically unchanged as com- | paied with last sale's closing rates. FROZEN MEAT. Messrs Dalgety and Company, Limited, Christchurch, nave received the following ca.jio tioai their London office, dated May Brd: n rosen Lamb —Demand! for New Zealand lamb is better, cwing to warm weatirer. Market weaker. We quote prime crossbred iamb, Canterbury, heavy ltljd light lijd. North Island, heavy lOd, light IOJd. Demand ior Ausiiuiian .urnb runs p.iuup.. . \ (finest qualities. We quote g.a.q. crossbred Australian, heavy Sd, light BJd. Frozen Mutton—Demand for New Zealand mutton is limited Market weaker. ' We quoto New Zealand prime crossbred mutton, canterbury, heavy uid, light oa. j.nu- hi Island, heavy sd, light 7Jd Demand. lor Australian mutton i= limited. We o-'o'.e g.a.q. crossbred mutton, Australian, heavy did, light 4id. Frozen Meat—Demand for New Zealand bnef is nil. Prices normal. We quote Nivv Zealand prime ox heef hinds 4}d, fores Bfd. Frozen beef continues practically unsaieaD.e, owing to excessive supplies South American chilled, which has to be oleared on arrival. The frozen, mutton and lamb market is weak for all descriptions.' We think prices are mora likely to decline than advance until heavy stocks are reduced. BUTTER AND CHEESE.

Messrs Dalgety and Company, Limited Christchuroh, have received the fo.lowin, cable from their London offioe, dated May Brd:

Butter—Market very dull. We quote: Danish 1565, New Zealand salted 1465, finejt Australian suited, 1423, unsalted 1424 G.A.Q. Australian 184s.

Cheese—Market steadier. We quote: New Zealand white 965, coloured 965. Mesßis A. H. Turnbull and, Co. hare received a cable from their pririoipals, Mesa .-3 W. Weddel and Co., Ltd., dated London, 4th inat., reading as follows: Danis'i butter, 154s to 1565; last week (156 a to 160 a). New Zealand unsalted, T6os to 154"; (154s to 160s). New Zealand Vutter, first grade, salted, 144s to 146s (188s to 1425). Exceptionally, 148s 11445). Market slow. New Zealnad cheese, wh'.te and coloured, 94s to 96s (90s to 86s). Market firm. (Jood demand.

BANK OF VICTORIA, LTD. The balanoe-sheet for the year ended June 30th. 1922, show* the following figures:— £ B. d. Balance brought forward .. 85,845 10 8 Net profit for year .. .. 179,929 14 10

£215,775 5 1

Appropriated as follows: Dividends on ordinary and preference shares of 9 per oent. for yen .. -• 133,020 18 0 Reserve fund ■• •■ «>,<»o ° ° Officers' Provident Fund .. 8,000 0 0 Carried forward .. .. 29,754 7 1

£216,775 8 1

LAND AUCTION. A parcel of' land' in North Canterbury oompTising 2864 acres was offered for sale by publio auction on Saturday by Pyne, Gould, Guinness, Ltd., Dalgety and Co., Ltd., and Jones, McCrostie and Co., Ltd., joint auctioneers, on account of Mr Q. a. Starky. The property was run up to & per acre, but was passed in at thai figure, on account of its failing to reach the reserve placed upon it. THE PROPERTY MARKET. Jones, (McCrostie Company Ltd., told by public auction, in their land sale rooms, on Saturday, on account of the trustees in the estate of the lato Helen Gebbie, the property situate at No. 37 Cutler's road, Riccarton, comprising bungalow of seven rooms, together with three-quarters of an acre of land, to Mr Mayne, for £1250; and on account of Mr McNamara, the property situate at No. 10 Hagley street, Riccarton, comprising semi-bungalow of five rooms, together with section of quarter-acre, to Mrs Gow, for £B2O. TATTERSALL'S HORSE SALE. Messrs H. Watson and Co. had an entry of 47 horses of all classes on Saturday. A number of good draughts were foiiward, but moat of them were on the aged side. Several buyers were in attendance for the most useful farm horses, but the average of the entry was only of the mediocre sort; any good young fresh draughts were readily snapped up. Some of the principal "ales weae:—For Mra Cogan, Waddington, seven-year-old geld)-ing-£35, four-year-o!d unbroken gelding £34; CHy- Survevor, aged gelding £29, aged gelding £36; client, seven-year-old gelding £l7; T. Beck, Leeston, aged mare £11; sir Ohas. Campbell, Davaar, eight-year-old gelding £lB 10s: AulsvVbrook and Co.. Chrintchurch, aged gelding £39, aged gelding £11; J. Harris, Whitecliffs, ei?ht-year-old Ereld ; ng £l6: Canterbury Park T.C., ag*d eelding £'B; Rakaia otient, seven-year-old gelding £l7 10s. Aged hacks and harness horses sold et late rates.