Cattle Industry of United States. 



35^ 



been on the increase ; and this process is now very noticeable 

 in the south-western region, which is of peculiar importance 

 as the source from which the country has in recent times 

 drawn enormous supplies of cheap cattle. In parts of the 

 west, where ranching has long since disappeared, the cost of 

 cattle-raising also tends to increase slowly, as population 

 becomes thicker, and pasture and hay become less abundant 

 and dearer. 



Mr. O'Beirne concludes that there is, therefore, no reason 

 to anticipate that as time goes on the American stock-grower 

 will find himself in a better position to undersell producers 

 in the older country. On the contrary, the terms on which 

 the two compete tend in the long run to becom.es less 

 unfavourable to the British farmer. 



