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Melbourne. Julv 5.
umng G'i tne ais^oiuciouot partnurshiD of Messrs. W. J. Reid and Thomas Shaw the YancannU fetation, in the Albert tf)lBtrfrf«h K^^ S/MitK W»1a« J*«m«A «nr^
cue raarKec, ana was otiared at auction to-day. Great interest was evinced iu the sale, which was attended by a large number of pastoralists. Competi tion, howover, was confined to the former proprietors. Mr. Raid started the b ddmg with an otfar of £b*0 000, aud Mr. Shaw foliowei immediately with £55,000. s'honceforth these two gentlemon bid against each other in £1.00'J bid* until £81,000 was reached. 1'no price then rose by steps of £5lK), u«til fin«llv the property was knocked down ts Mr Sh^w for £8t-,500, amidst loud applause. Yancannia Station con sists of about 2,346 acres of f cahold, 542,744 ncres of leasehold, and 510,837 kcrss of resumod area The stock con sis s of 153,000 shoop, 310 cattle, and 270 horses^ ? .^L, ?