Word: hereford
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Dates: during 1940-1949
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Ever since the Ralph Smith Farms of Chillicothe, Mo. bought an Aberdeen-Angus bull for a record $40,000 last March, the American Hereford Association had hoped for high-priced bidding on Herefords at Denver. But few would have bet that such a fabulous price could be topped, even in a boom year...
...Hereford raisers had reason to hope that the mark would be broken again next year. In the closing minutes of the auction, Bob Lazear, manager of the Wyoming Hereford Ranch at Cheyenne, Wyo., received the most fabulous offer yet-$100,000 for W. H. R. Helmsman III, judged top bull of the show. But, income taxes being what they are, Bob Lazear was of no mind to set a record: he turned down the offer. Said he: "I wouldn't know what to do with $100,000, but I know what to do with a bull...
...profits (a 4,800% return) since 1933. Even with out a calculator, that added up to a round $1,200,000 for Fridén's own 50% share in the business-more than enough to stock his 600-acre Alameda County ranch with fine palomino horses and Hereford cattle, and to pay for the lavish swimming and riding parties he likes...
...story of sale at Oldfields Farm, you say the Aberdeen-Angus is now the U.S.'s best beef breed. Black Angus breed ers with about 40,000 registrations annually, who include some of the best promoters in captivity, are going to applaud you to the skies. But the Hereford boys with over 200,000 new registrations are going to tear the Time & Life Building to pieces. The Shorthorn breeders, 50,000 registrations, will start their own blitz to be joined by the Devon, Polled Hereford and Red Polled...
...Department of Agriculture would probably hold the finest breed to be Santa Gertrudis strain out of Afrikanders which he helped develop on the King Ranch in Texas. Some of us on the commercial side of cow business insist and prove by our records that a crossbred Shorthorn on Hereford from the western slope of the Rockies (area is important) feeds out better than any other animal. But the leading breed in numbers of breeders, numbers of head, range coverage, which tops the Chicago market about 85% of the time, is Hereford...