. Illustrated history of the Union Stockyards; sketch-book of familiar faces and places at the yards. inion regardingsome phases of the horse industry, all agree that butfew colts are being produced. Authentic reports de-clare that there are almost no suckling colts and vervfew yearlings in the country. The best mares are alsorapidly disappearing, especially the fine, stylish maresof the carriage type and the large draft mares, althoughboth kinds bring prices which will yield the breederbetter profits than most of the products of the are today searching the country for good horseso
. Illustrated history of the Union Stockyards; sketch-book of familiar faces and places at the yards. inion regardingsome phases of the horse industry, all agree that butfew colts are being produced. Authentic reports de-clare that there are almost no suckling colts and vervfew yearlings in the country. The best mares are alsorapidly disappearing, especially the fine, stylish maresof the carriage type and the large draft mares, althoughboth kinds bring prices which will yield the breederbetter profits than most of the products of the are today searching the country for good horsesof all kinds, and offering fully thirty per cent betterprices than were offered six months ago. Another im- 156 ILLUSTRATED HISTORY portant factor to be seriously considered is the foreigndemand for American horses, which is increasing at aphenomenal rate, shiploads of American horses beingtransported weekly. England, Germany, France, Ire-land, Scotland, Belgium, and in fact all Europe con-cedes that America can raise better horses for less mone\^than any other country in the world, and Europe may. AN ALL-ROUND ACTOR. be depended upon to take all our surplus stock in thefuture at fair prices. There is, however, a rational explanation of thebreeders present timidity and the farmers indifferenceto breeding. For during the seven years preceding 1892there was an overproduction of horses, the governmentreport showing an increase of 2,150,000 in the UnitedStates for the years 1891-92. The explanation of this OF THE UNION STOCKYARDS 157 overproduction lies in the increase of the export trade,farmers and breeders fancying that a large demand forhorses meant an unlimited demand for any manner ofbeast, by courtesy called a horse, which they could pro-duce, and as a consequence such horses became a drugon the market Then the reaction came, and the farmerswho had on hand this white elephant of horseflesh,which was in style neither fish, flesh nor fowl and sup-plied no existing demand, sold
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