Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-06-13
A CATTLE Exchange,

Colonel Willit n L. Black of Te1as,
believes that the great need of the cattle
Industry Is a better system of doing bust
aess. In the Stockman and Farmer he
advocates the organ zation Of cattle eI-
changes IN the cattle producing states,
with the view OF ultimately adding ma
tional exchange. Colonel Black would
apply to the cattle industry q business
method that has teen successful if not
essential in other depsT. ments Of COM
merce, as IN cotton and the cereals as
we'll as IN railroad and other tecurities.
He cites the cond ton OF the cotton
trade soon after the war, when Liverpool
SO Chicago has to-day of cattle. few
enterprisiEg men determined to correct
this aEd they established the New YORK.
Cotton Exchange. The result Of their
work 10 too well known 10 need any COM
ment. In less than twelve months from
the time they organized the system WAS
recognized by the whole country as being
the only correct one and all other states
followed their example. Colonel Black
has no doubt that 8 system CT cattle ex.
changes would prove equally bent acisl
10 tle live stock market.
ton among cattle producers arises from
the nature Of the business and the wide
extent Of territory 1t covers. But the
principle in question works admirably
with wheat, corn and oats, and their pro-
duction is nearly as widely distributed as
cattle growing. The supply and demand
Of grain are estimated with wonderful
accuracy, the weather and crops are
closely watched during the growing se..
son, and the market is kept we'll urder
control. It is claimed that by trsEslcting
business through cattle exchanges, after
lines Of communication are once opsfed,
csttlemen would have the means Of
knowing the prospective damand, and
that production could much more
easily be regulated than IN the case Of
either cotton or gral2.
Among the advantages Gained for the
Exchange" principle applied TO cattle is
the Introduction CT the speculative fest
ure that charecterizes trade in the other
commodities. NotWi hstanding inst the
buyers CT Sheat consist mainly OF few
mI!ers SD Of cotton few manufacturers,
there is constant activity in these markets,
which is attributable to the spirit of spec
ulation that incites men to buy and sell
those products, independent Of the i'm.
mediate supply or demand. The cat
tie exchange must precede asY
such method Of operations
IN cattle, because there must be some
authorized standard Of gcadirg and one
that would inspire the Conscience OF
producers. Then there must be respon-
sibility and authority to make contracts
OF that nature. The plan would con
template the sale of Texas cattle in
Texas, say at Fort Worth, and of Colo
RADIO cattle at Denver, through ex-
changes that should be organized and
certainly controlled By cattle producers
Instead ct shipping blindly &c Caic.go
10 lun the chances Of 6 glutted market,
and, ii Gil accounts are rue, OF unfair
dealing, the manufacturer OF beef prod
ucIs would have 10 come here, SIS on the
Pacific slope the cattle dealer has to 60
10 the cattle grower. The advantage CT
this plan is enough The owner OF cattle |
OF the range or in pastures hiss something |
to ssY sbou! the price, and Is differently |
situated from the mEn with tTsin load
in Chicago pen, on expense, sni wait
ing the humoT OF three or four buyers.
Il is claimed that the cattle exchange |
system viii enaola producers 10 supply
the cErrent demsnd in such quantities o.
will prevent en- unnecessary depres
sion in prices. At present man
must take the h,zzrd OF shipment. II
ne strikes good market rush is sure 10 !
follow with the inevitable decline and |
loss to succeeding shippers. An object
of the cattle exchange would be 10 owl
ste such mistakes and avoid such colfu-
sion. Cattle growers would contract
their product while it remained in their
own possession and while they hsd the
power to agree to or reje ct an Offer.
The objec. Is well worth consideration
in Colorado IS well as in Texas, where it