TWO STATIONS SOLD
Arcoona Realises Over £75,000 PORT AUGUSTA, March 6.
Arcoona station one of the old est and best known pastoral hold ings in. the North-West, has been sold, privately by Elder, Smith
and Co., Ltd, in conjunction with Bennett & Fisher Ltd., on ac count of Mr. J. E. Pick, to Kidman Estates, of Adelaide. The pur chase price has not been disclosed, but it is believed to exceed £75.000. The station, which is about 100 miles from Port Augusta, has an area of approximately 1,490 square miles, and under normal condi tions can carry between 20.000 and 25,000 sheep. It was stated here today that as a result of heavy rains and floods during the past 12 months, lakes and swamps and a creek on the holding haver sufficient water to last for a number of years. Another well known northern, station which changed hands recently was Moolawatana. it was sold on account of Messrs. A. J. and P. A. Mc?ride to Messrs. Les lie Bros., of Mount Fttten station, which adjoins Moolawatana on the western side. The station was sold by auction at the Wool ia«ip*M?ripy Adelaide on Wednesday, by ETder. Smith and Co.. LtxL, for £22,500.