The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-25

plants among housekeepers and retail bu tchers
In conversation with New York Tribune repor-
ter, 4. c. Eastman, who is one of the larges /
shippers Of cattle from that port TO England,
made this explanation:
The effect Of the present high prices will be TO
stop the exporting of cattle, for the reason that
a steer is worth to-day more money In New York
than he is In London, and until a change takes
place there will be no cattle sent abroad, except
by shippers who have contracts u III and can {
help themselves. think the price of cattle is
largely due to the scarcity of corn. Every
spring, between hay and grass, there Is an I'D
vance in the price of stallfed cattle but several
causes have combined to put the rise this spring
far beyond That OF previous years. The west
is the great reservoir from which we draw our
meat and the supply wanted by New York and
the sea board cities has been greater this year
than ever before, not only for home cOnsump'
ton, but also for expectation, The states east
OF Mississippi which in former years have raised
a surplus of cattle (Which they sold in this mar
kep, do not now raise more than is sufficient for
their own consumption, aud they have no stall
fed cattle, except few fancy lots that reached
here from Ohio and Kentucky-not drop in
the bucket, There were driven through on the
trail from Texas last year nearly $4,000 head
of cattle. Usually the stock cattle from these
summer drives" from the southwest arc
bought by the ranchmen of Wyoming. Montana,
Colorado ana the northwest and the three and
four year.old beeves are taken by farmers In
Missouri Illinois, Iowa, Kansas and other corn
producing states, fed through one winter and
sent into the market In the spring. This Is the
source from which we have In previous springs
drawn our cattle Last summer the drought
nearly destroyed the corn crop In these states
and what the drought left the spectators
bought up and cornered, and the result was
that drives from Texas were taken almost
entirely by packers in st. Louis and Chicago
and the ranchmen, while the farmers TO whom
we are looking for our stall-fed steers, shake
their heads and point TO empty corn-cribs and
empty stalls; There is. the history Of the rise
in nut shell!
When willrelief come in the snaps of lower
prices?
had expected when the demand for eYporta-
ton had ceased that prices would fall but they
nave not done so To any great extent; and sup
pose from that that no relief can be looked for
before the graSs-fed cattle begin TO come in
which VIII be In about Il month. Prices are
bound to go lower and ! think the result will be
u glut after the scarcity-at least that il usually
the case shall begin exporting again when
the grass cattle come in. The cattle from the
distillories Will be coming In also. The cattle
that have been reaching here lately have been
OF inferior grades. Steers that should dress $50
pounds were from 100 to $50 pounds light. There
VIII be some, but not very great fall in prices
until good crops come and every farmer can feed
cattle properly and put good cattle on the mar
ket. do not think the supply of cattle Is run
ming short In this country. There are plenty of
stock cattle here, and 1t will not be In my life
ime or yours that the price Of beef in this mar
ket will be influenced by the scarcity of cattle to
be bought. 1t is u question of corn,