Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-04-13

city with an eye to business.
-.
A carload OF mules were shipped to
Jefferson yesterday by Young, Andrews
6 Knhen.
P.B. Hunt OF Belknap, Tex, a we'll
known breeder of spotted horses, is in
Fort Worth.
Richardson & Hetcnett have sold for
Slocum & Johnson SEQ head Of threes and
tours to William Little, 10 be delivered
at the latter's home, Vioits, l. T.
Several trainlosds OF Moore & Aliens
cattle, from the neighborhood of San An
tonic, were handed st Folks stock yards
Yesterday. The cattle sre going to the
Nation.
& -.
CISugg, one OF the jolliest cattle
,;hes5ns OF the Indian Territory, is in Fort
| Worth en- route to El Psso to attend the
grand couclsve OF Knights Templars.
Everything is serene in the Nstion he
says.
Judge l. r. DarnelI, prominent cat
tleman of Seymour, is stopping at the
Plckwick. He says no cattle will be
moved from up in his part of the country
for some time, though everything is in
DIST rete condition.
~ -.
William L. Black OF Forti McKsVett,
Tex, is stopping at the Mansion house
and areporter took occasion yesterday to
ask him what progress, il any, hsd been
made with reference to the proposed Or
gsniz.tion OF the Cattle Exchange, which
Mr.. Black has in several communications
suggested SIS the most practical way of
systemstizing the cattle business OF
Texas.
"I have just returned from Chicago"
Mr. Black remarked, "Where went to
dispose of 1000 mutton sheep, and l am
glad to say, l was fortunate in selling at
q satisfactory price, though saw st least
COCO head of sheep il the yards that were
not fat enough and consequently they
were eatlng their heads off and the ploo-
ability is their owners will not get the
cost OF transportation. It is to correct
this evil that l have suggested the estab-
lisnment Of Cattle Exchange, under the
same system as the Wheat and
Cotton Exchanges of the country.
Chicago buyers did not tell me
they wanted any sheep and consequently
they are not to be blamed II am so fool
ish as to ship them what they have not
asked for il they refuse to buy. Under
the Exchange system our cattle can be
classified as easily as wheat or cotton, and
l would suggest the following as perhaps
the NEST practical grades, say: Ship
ping steers, fancy, choice, medium, fair.
Mutton sheep can be classified in the
p led to bleeding steers" snd one and
two-year-old steers. Under this classi-
flc4tion can make contract with q
dealer in Chicago, Buffalo, Boston, or any
other point, on the basis we will say OF
Choice l can then turn my stock out
Of my pasture (Which l regard in the
same sense as a cotton man does his
wArehousel and deliver them 8 t the Fort
Worth Exchange, and il there should be
few fancy would get the benefit OF
the difference in the quotations; and II
any were only smedium'-or fair'-I
would have to accept a reduced price,
according to contract. In this way the
buyer Is satisfied and certainly the seller
hiss no right to complain.
"But the greatest advantage can see
in 1t is the market is never overs locked
prices are high.
"Auother great advantage 1 csn see in
the exchange system is 1t will concentrate
the buyers and sellers, and this will
naturally create speculative demand
which is 80 essential to the making Of
activity and bringing values to close
margin between producer and consumer.
The dealers, who are In fact the butchers
Of ONf
vautsge of the producers because we
must accept whatever price they Offer.
II we had a specu!athr in between US the
Spectator would make up rings and
ssyndicates' to control the cattle product
in the same way they do IN cotton snd
wheat once in q while. II s producer had
1000 head Of stock to sell and the trade
did not want 1t the day it was
offered the speculator would be
willing to buy and hold it.
If the cotton planter had to sell his entire
crop to the cotton manufacturer at the
time he is ready to market 1t he would
have to submit to any price the cotton
manufacturer chose to dictate. But as
there are thousands Of SPECTATORS in cot
ton who have money to invest, and, as
| they know quite we'll the manufacturer
must have this cotton st some period Of
the year, he buys the cotton from the
planter and puts 1t into the store and die
tstes little to the manufacturer himself
as to price. The cotton manufacturers
fully appreciate this, and lean assure you
il the csttlemen will do as the cotton men
did they can do the dictsting to
the butcher instead of having the
| butcher dictate to them.
at is ressonsb BILE to say that the butch
ers are realizing to-day about three-fourths
of the value OF steer and the producer
is getting e-fourth. think Il this was
reversed and the producer get three
fourths-and the butcher get the one
fourth-it would be more like square
divide.
SIT would seem to me, Mr.. Black"
said the reporter, "that 1t will be difficult
to get the whole state Of Texas to work
in harmony on any one plan. How can
this be oyercome?"
"This objection was advanced in the
cotton trade when the Cotton Exchange
was first mooted, but when few repre-
sentative cotton men took the leao the
whole country saw the advantage OF il
and Immediately followed their example,