156 THE BEEF BONANZA. 



would net for the summer $39,954 ; cost of wintering, 

 at $20 per head, $12,000, leaving as actual net profits 

 $27,000. In the great Western winter grazing-region 

 the cost of wintering would not exceed $1 per head, or 

 $600, leaving as the actual net profits $39,354, a differ- 

 ence in favor of the Plains of $11,400 on 600 cows." 



Mr. Curly gives us the following interesting return 

 of a combined dairy and stock ranch : 



First Year. 



Bought 50 dairy cows, @ $50 $2500 



2 thoroughbred bulls 500 



Expended in permanent improvements .... 1500 



Capital : — Labor account $4500 



Expenses : — Labor, about . ._ . . . . 1500 



Returns : — Butter and milk, about 1500 



47 calves, valued at 500 



Profit, at 11 per cent $2500 



Second Year. 



Original capital brought down $4500 



Bought 30 cows, at $50 1500 



Bought 320 acres of land 800 



Improvements 1000 



$7800 



Expenses : — Labor $1000 



Returns : — Butter and milk 2500 



Increased value, 40 yearlings hecome two-year-olds . 500 

 62 calves 500 



$3500 

 Deduct labor .... .... $1000 



Profit, 33J per cent $2500 



In the fall of that year, after the addition of 35 brood 



