66 THE BEEF BONANZA. 



Increase in value on 600 two-year-olds .... 3,000 

 " " 800 yearlings .... 4,000 



' $19,000 



Sell 200 beeves, @ $30 each 6,000 



$25,000 

 Add 200 calves, @ $7 each 1,400 



Divided by two gives us each $3000 in cash and 

 $12,500 in stock. 



As our herd would now be getting too large for our 

 ranch we would have to cut it down, and for that pur- 

 pose we would sell : 



400 Texas cows, full Wood, @ $15 per head . . . $6,000 

 200 half-blood Durhams, five-year-olds (cows), @ $22 



per head 4,400 



200 half-blood Durhams, four-year-olds (cows), @ $15 



per head 3,000 



200 half-blood Durhams, steers, @ $25 per head . . 5,000 



$18,400 



Divided by two gives us $9200 each more in cash, 

 to which we must add cash realized from sale of four- 

 year-old steers, $6000 = $24,400 or $12,200 each in 

 cash the sixth year. These figures may astonish you, 

 but I assure you they are rather under than over the 

 usual estimate, and many herders on the Plains have 

 done better. Of course, to show the real profits, it will 

 be necessary to make up the expense list. It will stand 

 something like the following : 



Ranch $5,000 



2 yoke cattle, $75 per yoke 150 



Studebaker wagon 100 



Mowing-machine 125 



$5,375 



