The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-01-13

1.-The outlook for cattle raisers is bet
ter now than it has been at any time
since 1882" says Colonel J. t. Hill. a
| veteran ranchman, largely interested in
our neighboring Territory, Idaho. "The
trouble has been, and is yet, that there
are too many cattle, instead of not
enough, as some of the ranch owners
are trying to make themselves believe.
You can't buy yearlings at $25 head
and sell them as 3year-olds at 500, to
any advantage" he continued, dryly.
why. when | was boy, twenty-five
years ago, we had an idea that the fell
low who couldn't make money in cattle
wasn't worth killing: grass was free
ana water was free, and all we had to
pay Tor were horses and men to run the
cattle and few groceries for them.
Amen lot OF eastern capitalists came
IN there, SAW us making money, and
without possessing thimbleful of cat
tie sense, thought that they could
make money, too. They would go to a
Texan ranehman, and ask him how
many cattle he had, and he'd tell them
5000; then they'd say, How much a |
head and he'd tell them $40. So thew |
would up and pay him 500, QUO for |
2.OOO head, or $50 apiece, thin king they
we're getting 5000 cattle, and the con-
sequence was when they come to mar
ket the cattle, they'd find trouble get
ting their $50 out of them. Now that
ain t the way / do. l BUY the cattle
common red steers is good enough for
me at So and$7 head; then there's q
chance TO make few dollars. Why.
| am buying cattle now, down below
Fort Worth, for SIS head, and am tax
Ing ali can get, to be ready for next
springs market. l amt got any quar-
rel with Armour or Nels Morris or
Swift, or any of those fellows who are
buying my cattle; if they're worth so
many millions, calculate it's because
they re just that much smarter than I
am. Ii there wasn't so many cattle,
the Big Four would have to paw more
money for 'em-that's all. But cattle
are going to be scarce enough for the
next couple of years to suit the cattle
men, promise you-only those who
nave mortgaged their herds to pay S25
or yearllDgs that amt worth much
more than $40 as 3-year- now won't !
ret much satisfaction out of the rise.
And another thing | want to tell you: {
m done with this tom-fool convention l
'uslness-carriage riding, champagne,
uppers and soforth That's where
ur downfall began in 1884 We
ouldn't be satisfied, because we
7ere making a little money. but
ad to let everybody know our S
usiness. That's what played hob
Colonel Hill was waxing earnest, and
eally used a sitter Word) with Us.
low, when there's another convention q
m going TO get just as far away from b
as can-down among the cheap cat
70, buying for raise. l tell you there
re good times ahead for us yet-or
lch OF us as are willing to stay home
nd tend to our business" il
SO far, the new year has shown no
articular changes in business pros
Gets in the east. a hopeful feel
lg everywhere prevails, and at the |.
anne time, the nature and extent of
starding Influences are more clearly
Prominent among these
re the unreasonable weather, which
revents the usual distribution of
AohJ PAONoSGot LILO o1opOSitlOu Oh LQo
armers to hold back products, specu-
stive reports having created a hope of
luch higher prices. The unusually
pen winter (the average fastener is
ways unhappy at this season of the
ear, unless he can indulge in the lux
ry of a blizzard or two each week. n
lakes it difficult to get products to b
larket, and is especially disturbing to r.
he great lumber trade of the north s,
rest. In spite of these influences. re- 81
orts of the condition of business are d
enerally favorable. The growth of /.
manufacturing at many western points .
notable feature. The hardness of
elections is matter of general COM b
laint. The volume of currency, W
radically unchanged during Decem- r,
sr, is now LAOS millions. only 81, $780, l:
ID below the largest ever recorded, /.
aat of,December LIST. The annual state K
lent of failures, showing that 1869 P
rms, or trifls more than one in one "
went into bankruptcy In 1888, 81