54 



THE BEEF BONANZA. 



Sell 500 beeves, @ $30 per head . . . . . $15,000 

 Expenses and interest 5,000 



Buy 500 three-year-olds, @> $20 . 



August, 1883, Fifth Year, 



On hand, beeves 



Sell 2300 beeves, @ $30 



Interest 



Deduct original capital 



$5000 

 2500 



$10,000 

 10,000 



2300 

 $69,000 



7,500 



$61,500 

 25,000 



Net profit in five years . . . ■ . . . . $36,500 

 This would leave a capital to begin new with greater 

 than the original, besides the ranch, horses, etc., still on 

 hand ; the $3000 surplus capital fund could have been 

 invested in cows to hold the range. The above estimate 

 is based upon the supposition that $25,000 capital had 

 been borrowed for four years at 10 per cent, interest. 



Buying yearling steers and selling beeves keeps the 

 capital more in hand, and a class of cattle that can be 

 forced on the market with better results to the seller ; 

 and if yearlings or two-year-olds can be bought in lots 

 to suit the purchaser, this kind of trade will show enor- 

 mous profits. A herd of 



2000 yearlings, @ ..... $7.50 



2000 two-year-olds, @ . . . . . 12.00 

 2000 three-year-olds, @ . . . . . . 18.00 



6000 will cost, say . 

 Expense of herding . 

 Interest, at 10 per cent. 



End of first year 



$75,000 

 6,000 

 7,500 



$13,500 



