SHEEP-FARMING IN BUENOS AYRES

New Zealand Times, Volume XXXIII, Issue 5372, 15 June 1878, Page 2 (Supplement)

SHEEP-FARMING IN BUENOS AYRES

The news which reaches us from Buenos Ayres is to the effect that tho wool-growers have never had a more prosperous season, and this is supplemented by the announcement that a very large quantity of the wool on offer is being bought for tho French markets, and that much less is going to Antwerp than in former years. Looking to ths fact that the means of transit from Buenos Ayres to tho French ports are many and frequent, and considering that the French , have, as a rule, been very large buyers in the London market, there is just enough in this announcement to set one inquiring whether. the Elver Plate wool has reached a stage at which it can enter into competition with some sorts of Australian. _ At a recent sale at Buenos Ayres the operations of the French buyers sent prices up from ten to fifteen per cent, higher than last year, so that the chief local wool exporters held their hands and declined to bid, , preferring to wait until the foreign competition had subsided; Thu

River Plate sheep farmers have never hadsuch a prosperous year. Tho result is _that sheep farming to-day in the Plato is taking preceuenco of everything ; prime grazing land was never before at such a price, and the annual rent for a flock of, say,, 2000 sheep has risen from forty to fifty per cent. All tho well-to-do sheep-farmers arc fencing their lands, and on the great cattle ranges so much attention is paid to improving tho breeds of cattle and horses that in a few years they expect to have large herds of English cows, and already moat of the cart and carriage horses in Buenos Ayres are of English breed. —European Mail.