Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-06-06

putting them In marketable condition
It is very unwise policy for producers
10 senG an inferior class of stock to mar
Get, as 1t always has q tendency to depre
eiste the vslue OF the good stock. In the
present condition Of STAIRS there is nc
othsr alternative but to ship altogether
the corn-ied steers with the common
CRASHED steers-snd the result Is the
Illinois and Missouri farmers csa gener.
ally purchase stock that are not in de
mand from butchers AID packers at a leef
price than the Texas producers would be
willing to pay for them themselves.
How often is it the case thst a Ship
ment CT thin sheep are sold for less than
the cost Of transportation And the same
ruinous sacrifice Is often experienced
with thin cattle, which might nave been
sold &c some farmer in Texas II proper
channel was opened for the farmer to
make the purchase through. This would
81 isast return something TO the seller
WHICH now goes TO the railroad for con-
veylns an unmsrketeble producer to Hi.
nois or Missouri.
| zine most natural way for G producer
OF cattle or sheep to follow, is to make q
sale before he turing his stock out Of his
| pasture. In this wsy he can always eI-
ercise the privilege Of naming his own
price-s privilege that should be eI Dyed
| By the seller Of 81 products; but uudef
the present system he practically dele
gates to CDicsgo-oT, might IS well say,
to the Big -Four the privilege of naming .
price Tor him.
| ITO Illustrate how inprudent it is for
producer Of stock to ship before con
tracing sale, we will suppose 8
rau chman Is DESTROYS of selling
| 1000 sheep. This number Will,
perhaps, supply the demand from ten
shippers, and BY concert OF action these
ten shippers agree that when the sheep
reach Caicsgo only one Of their numb n
| shall make a bid; the consequence is
there is little or no competition. The
| sale is made TO the single bidder, and the
tel shippers then divide the thousand
| sheep TO suit themselves. IL, on the
other hand. these ten snippers were COM
PEELED 10 bid in open market to fill their
daily order It would make grester sctiv-
| ity and tie thousand sheep would be sold
for their legitimate value.
"rne same will apply to beef steers
rsnchmAn now sends three hundred
steers to market, which are handled in
the same Way or, perhaps, the market
demand only calls for one hundred on the
day he has selected to make his ship
ment. II would be far better for him to
keep the steers at home and deal them
out in lots to suit the purchasers.
"Fhere Is positively no telling to what
extent the vslue ct beef and mutton eau
be advanced to il the producers will
simply hold their stock on the ranch snd
meet the demand tom butchers
and packers, and compel them
to bid IN open market in competition with
speculstors The butchers now obtain
from Is to 80 cents per pound from the
consumers, and Judging from the market
price CT canned meat, the packers realiz
about rs cents per pound. At this rste
pro6uceris certsinly entitled to something
ike or 10 cents per pound for his live
stock. Yet how often he congrstulates
himself on getting or cents, ard fire.
quent!y has to be content with oDlg j or
2 cents per pcu1d.
"lf Texas cattle producers will unite in
selling their product only through the
"TeXas Cattle Exchange" it will neces-
sarily compel the eastern buyers, as well
as the CniCag go packers, to locate agencies
and buy there. l. will naturally have
tendency 10 create speculative demand,
and It will soon become as common to
see daily quotations OF "spot cattle" and
future cattle" as il is to see cotton and
wheat quoted II that way. This will en-
courage bankers TO lend their money to
cat'lemen when loan ls applied for. 1t
will bring about demand for pasture
land from eastern buyers and speculators,
rs well as from these who will engage in
pssturiDg cattle, on the same principle q
warehouse man does now for the cotton
speculstor or whest Spectator.
"Aoove all, it will enable producers to
learn what the real condition of their in
dustry is, and IL it is demonstrated that
the supply is too crest for the demand
the production can be reduced to q
healthy basis. The calf crop can be ss-
certsined at regular intervals In the same
Way the cotton crop "a learned, which
will naturally have tendency to creste |
speculative activity.
"When q ode out" occurs In the |
northern ranges On account Of severe
bliZZ uds, 1t will have the effect to ad- !
vance values in Texas in consequence of |
the reduced supply.
So sll other cattle producing states |
are directly interested 10 the prosperous |
lieved they will be glad to work on the
same plan that Texas may select; and II
the plan mentioned in the prospectus OF |
the "rexss Cattle Exchange" is regarded |
tarorsbly, would respectfully suggest
that convention Of csttIemen meet st.
Fort Worti and orgsnzs. 1t may be
necessary in time to have more than one
{ exchange in Texas, but at present the
railroad fscilties afforded by Fort Worth
would Indicate thst IS being perhaps the
best point in the stste to begin with.
"There is no claim made for originality
in the proposed Exchange In conducting
the cattle industry. The system has
been fully demonstrated in all important
trades In our country, and This would
seem sufficient eviderc OF its great Ad-
vantsge over The old plan.
"The fundamental law that governs
prices is supply and demand. To sscer-
tain this the exchange system must be
adopted. The cattle industry may Just
as well employ this agency SIS any other,
and II 1t proves half as successful as 1t
has in other branches OF trade 1t will add