This facility was operated without profit until purchased by G. W. Simpson of Boston. In an effort to produce revenue, they reached out to the Swift and Armour companies to establish packing houses. By 1886, four stockyards had been built near the railroads. Boston capitalist Greenleif W. Simpson, with a half dozen Boston and Chicago associates, incorporated the Fort Worth Stock Yards Company on March 23, 1893, and purchased the Union Stock Yards and the Fort Worth Packing Company. The Stockyards experienced early success. By 1907, the Stockyards sold a million cattle per year. The stockyards was an organized place where cattle, sheep, and hogs could be bought, sold and slaughtered. Fort Worth remained an important part of the cattle industry until the 1950s. Business suffered due to livestock auctions held closer to where the livestock were originally produced.
