East Oregonian : E.O. (Pendleton, OR) 1888-current, 1905-12-13
PROFITS IN STOCK
PAST YEAR HAS BEEN
HIGHLY SUCCESSFUL.
Fortunes Made by Western Sheepmen
Instances Related In Idaho Where
Sheep Sold for $3.50 and $3.50 Per
Head and Were Immediately
Bought Back at 81.

Now that the sheepman Is counting
the most prosperous in the history
of the trade-retrospectlon and pros
pection are both of interest. says the
Breeders Gazette.
Fortunes of no small magnitude
have been cleaned up during the past
few months by shrewd spectators,
who had they been operating in
grain or financial circles would hav4
acquired publicity by their success.
Purchases of I00,00 head look small
in the light of recent transactions and
most of these sheep have been turned
over at a profit of SO cents to 81 per
head.
Naturally the views of these opera
tors on trade prospects are worth
consideration. At the same time they
are difficult to secure. While the
speculator has had a profitable sea-
son he is seriously concerned regard
ing the future.
Growers are aroused to the situa-
ton and incensed that lions share
of the years profits has gone into the
strong box of the man who had suf-
| ficient foresight to risk his money
on the phenomenal appreciation that
I has made the sheepman the envy of
| those operating in other branches of
| the livestock trade. That 1t has been
spectators year Is admitted by the
Gazette is able to express the opinion
| r%,tI SNf tu
seasons operators in the speculative
sphere that the immediate future is
luminous for the grower. This oracle
is Frank Oxman.
"Yes, we have cleaned up consider
able money this year" said Mr.. Ok
man. "since last February when the
rise began in earnest the bovine
wealth of the United States has in
creased in value at least S3 Is pei
cent and the speculator has had g
goodlv share of 1t.
"Of course, the grower has done
we'll IN fact better than he expected
but both wool and sheep speculator;
have done well. If, however this ha'
been spectators year the next Il
4
the grower.
1.-THE speculator is out of the game
so to speak. as there is no prospec
for another such appreciation as w
have had DURING the past 10 months
In 1905 tho grower not the speculate
will get the profits Of the business
Wool Is now heing contracted on th
range at 20S26 cents against Is q 2
cents a yea- AGO. The speculator
taking AL tho chances now and tn
grower Is getting the money. A yea
ago conditions were reversed.
"It has professionally been tn
most prosperous wear in the histor
of the sheop trade Last February
=, bought 16O nO0 stock ewes In Orego
and Idaho at $2.25 per head; the sam
A eturF '''as worth $3.50 per head b
: October.
" "Nnst Of our Investments were I
breeding ewes as realized tha
q heavy marketing of lambs In recer
years had created scarcity. Whe
: we bought in Oregon and Idaho
was with the intention of sendin
them to Wyoming, but before deliver
y time we found we had market at
v place of delivery.
fe 'T recall plenty OF instances
& Idaho where growers who sold eve
at s26O to "2S0 per head bougi
then back within 60 days at 81. TIL
= was ore of tNe secrets Of the strengt
OF the market all summer. Had a
. the stock secured by spectators ear
. In the season been sent to the stoc
: yards. values on the open mark
. would have heen IS per cent lowe
3 Home demand was the influence"