The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1882-12-27
CATTLE MlLLrNoArREs.

with the present high prices Of beef, and
the COW literally jumping over the moon,
Wyoming cattle men are reaping rich har-
vest, and many of them will make almost
independent fortunes this summer The
rise has been so rapid and transfers are
made so easily that large transactions are
wade every day in which the buyer does not
see hoof of his purchase and very likely
does not actually use more than one-half of
the purchase money in the trade before he
has sold and made an enormous margin in
the deal.
year ago Laramie plains cattle man
was offered q large Utah herd and ranch for
$4,000, which offer was accepted at the
moment, but later rejected. Since that the
Utah man sold $45, 900 worth of the herd,
then sold the ranch for $4,000, afterward
put 5000 more into the bunch and last
week sold it for $4,000. In other words,
the Utah man is to-day ahead over $780,
600 because his last years offer was not ac-
cepted
Several years ago one of the most proni-
nent cattle men in Wyoming, who can to-
day easily command 81, 600, 900 for cattle
trade without impairing his business, went
to Boston to negotiate loan with Massa-
ehusetts capitalists. He met an old man
who knew more about cent. per cent than he
did about Wyoming and Colorado cattle,
and began to talk business He said that
be was making large profits on his present
investments, and, therefore, he wanted to
put more capital into the business, very
naturally, to increase his income. Mr.
Moneybags asked what security would be
given.
81 would secure the loan by mortgage on
my herd, sir.n
"Where are your cattle ?"
Some in Wyoming, some in Nebraska
and some in Colorado"
How much land have you under fence p''
"None.n
How much land do you ownf"
"Not foot"
"Whose land does your stock Craze on p
Government landn
How often do you see your cattle ?"
"Once year."
"Don't you have herder with them ?''
"No, SIR"
"Well, young man, l would MS soon loan
you money on the herring in Boston har-
bor."
A Cheyenne man who don't pretend to
know maverick from q mandamus, has
made n neat little margin of $4,000 this
summer in small transactions and hasn't
seen COW yet that he has bought and sold.
Cheyenne is wild over the market and Six
teenth street is young Wall street. Mill
ions are talked of MS lightly as niekles, and
all kinds of people in all professions are
dabbling in steers. The Chief Justice of
the Supreme Court has recently succumbed
to the contagious excitement and gone to
purchase $4,000 herd.
Everywhere the excitement is as bad as it
eyer was in mining stocks in the old palmy
days of Comstock. How long this thing will
continue is a matter of pure speculation.
Whether the laboring classes of the States I"
will eat porter house steaks when they taste
like government bond, or quit all at once
and knock the bottom out of the Chicago
market, no man knows to dead moral cer-
iainty. OF course all is smooth sailing now,
but wo doubt the propriety of fooling With
this thing right along for six months, for one
of these days buyers will insist on delivery
of the goods and sales cannot be made imme-
diately enough to omit the universal kerr
PUNK. We may not be using the correct
terms, perhaps, but our meaning may be
readily gathered. B0one1ann.