Excerpt from Fox Ranching in Canada
Fox-farming is the direct outgrowth of the early attempts of Canadian trappers to hold over foxes, captured out of season, until the animal became full-furred. Experiments conducted in the provinces of Prince Edward Island, Nova Scotia, Quebec and Ontario resulted in fixing the type Of the valuable black or silver fox, which is a Sport Of the common red fox. The new industry of fox-farming followed as a natural sequence.
Although a few foxes have been kept in confinement in Canada for a great number Of years the expansion of the fox industry did not really begin until 1910. Before this time fox raising was a secret pursuit in which only a few were allowed to participate. The knowledge that the men already engaged in the enterprise were making handsome profits from the sale of the pelts of foxes which they were raising gradually leaked out, and a scramble to get possession of foundation stock became a veritable craz'e.
So great was the demand for foundation stock that the practice of pelting ceased about 1911, and all available foxes were sold alive. The cost of a pair of foxes steadily rose from a pair in 1910 to a pair in 1913. During the hey-day of the boom as high as was paid for exceptional specimens. When the supply Of foxes for foundation stock became exhausted, foxes were captured and brought from other parts of the country to help to supply the demand; and optimistic investors began speculating in futures, and options were taken on unborn pups.
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