CATTLE AND SHEEP ON THE PACIFIC COAST.

Globe, Volume XXIV, Issue 2650, 4 October 1882, Page 4

CATTLE AND SHEEP ON THE PACIFIC COAST.

[“Prairie Farmer.”] The last number of the “ San Francisco Breeder and Sportsman” contains the following information :—John T. Raymond say* : “ Buy mules. There’s millions in it!’’ Well, he is not far from right, provided you can raise enough of them. But wa do say, and that with no proviso, that for a safe and profitable business, no better opportunity exists to-day than " cattle raising.” What better encouragement do we want than to see our exceptionally slow and calculating cousins from the other eide of the Atlantic coming over here and investing in the business ? Not one nor two, but many. Single individuals and largo corporations, equally as anxious to obtain the right place. Only a week or so ago the large cattle ranch at Merced, owned by the Nevada Bank, was sold to an English company for nine hundred thousand dollars, and last week the sale was completed of the Pablo Montoya Ranch in New Mexico to an English syndicate for one million five hundred thousand dollars. Hero we have, in two purchases, the large sum of two million four hundred thousand invested by foreign companies, and had we knowledge of the many minor transactions, we would undoubtedly be surprised by the large amount of capital which they havo invested in cattle and ranchos on our continent.

The conjectures regarding the Eastern demand on Nevada this fall have been verified rather early, as two or three days ago twentytwo ears, equal to about four hundred head, were shipped from Iron Point, and wa have also information as to a large herd of something over three thousand being delivered for Eastern account. The call for sheep in this State is also very strong, and high'prioea are being paid in the southern counties'for large droves of owes. We know of one drove of five thousand yearlings being sold in Ventura county, a short time since, at two dollars and a quarter (2dol. 25c.) per bead, to Montana men, and it is said that the Texas buyers cannot be accommodated to the extent of their desires without paying a fancy price.