CATTLE-GROWING OUT WEST. 



47 



This leaves us $3111.50 new capital reinvestment, 

 and we buy 200 two-year-olds @ $15 per head,— $3000, 

 — which leaves $111.50 for "odds and ends," or inci- 

 dental expenses. The purchase of two-year-olds' cost 

 more on account of " picking them." 



Second Year, 1880. 



We have on hand : 



Yearlings (last year's calves) 

 Two-year-olds (last year's yearlings) 

 Three-year-olds (last year's two-year-olds) 

 Cows (half last year's three-year-olds) 

 Beeves (half last year's three-year-olds) . 

 Calves (half-breeds), 80 per cent, increase 



Expenses. 



Same as first year (two herders) 

 One extra man 

 Same foreman 



Grain 



Incidental expenses 



We sell in fall : 



250 beeves, average 1100 lbs., @ 3 cts. per lb. 

 50 cows, average 900 lbs., @ 3 cts. per lb. 



250 

 100 

 400 

 750 

 250 

 600 



2350 



$1320.00 



' 660.00 



840.00 



328.50 



2000.00 



$5148.60 



$8250 

 1350 



$9600 



Leaving $4451.50 new capital for reinvestment, and 

 we buy 250 three-year-olds @ $18 per head, — $4500, 

 — and reduce our " odds and ends" fund $49.50 and 

 will drop it. It would be a better investment to buy 

 yearlings or two-year-olds, but the herd would wander 

 too much with so many young cattle. 



