The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1891-04-03
STOCKMEN REJOICE.
CATTLE AND DRESSED MEAT RAPID
LY ADVANCING IN PRICE. THE
HIGH PRICES OF 1882 PREDICTED.
The Forecast of stnckmen.


The Kansas City Star says: Those
who exhibit decided preference for
loin meats and the choice parts of beef
and pork must count on paying a per-
ceptible increase in price by the rapid
advancements being made on the
markets and exchanges.
The first notably rapid advancements
since 1882 have ben made during the
past few days, and the prospects are
that a still further increase in price will
be the result of the governing power OF
supply and demand.
IF YOU had told any butcher or
StOckman a month ago that prices on
cattle and hogs were going skyward he
would not have believed YOU" said a
wellknOwn butcher doing bushes in the
market house. He has been doing bust
ness in Kansas City for a dozen years or
more, and according TO his statement
there has been but once in that period
OF time when the prices of meats have
advanced 50 rapidly. That was in the
year 1882, already referred to, but then
the prices before the close of this year
will most likely advance even beyond
the maximum limit of that year.
There has already been an advance
in beef meats during the past week of
30 per cent, and before the expiration
of another week or two the prices will
have advanced 40 per cent.
Loin steaks that were selling a week
ago for l2I cents,,a pound are now sell
ing for - cents. Meats that were
selling at 10 cents are now selling at
15t.
There have not been much percepti-
BILE increases in pork. but the future is
fattering, and it is not improbable that
pork will hold its own with beef. This
is the case on the exchange.
In two weeks time cattle on the Kan
sas City live stock exchange has ad
vanced in price 81 p on the 100 pounds,
and according to the best of authority
among the commission men the price
III arytEer month will have advanced
81 on the 100 pounds.
President Frank Cooper of the ex-
change said this morning that but once
since he has been in business, during
fifteen years, has the outlook been so
favorable for steady advancement in
the prices OF live stock, principally cat
tie and hogs.
''In the month of September, 1882"
said Mr.. Cooper, cattle sold for 1913
hundred, which undoubtedly is the
highest price that has ever been paid
for beef cattle since the war. The
same cattle to-day would bring proba-
bly, $500 or Whereabouts. Pork went
gliding up to IS. and higher prices
were paid than at any time since the
war. Just what the maximum market
price for cattle and hogs will be this
year | am sure could not intelligentlv
foretell at; this time Neither can any
man safely, for that matter. ] believe,
however, that prices will be higher
than at any previous time since 1882.
There was bunch OF cattle sold to-day
for Sc a 100 pounds. This is the highest
price paid since that time. Prices may
reach the limit of 1882, but l do not
believe they will.
"People are not nearly so extrava-
giant and such high livers as they were
nine or ten years ago. They are grow
ing more economical every day. Then
everybody in the west was making
mopey, aud people did not stand on
family expenses as they do now. 1t is
remarkable the evolution in economies
that has taken place"
This in a great measure influences the
maximum limit of the prices of beef
and pork.
Will Peters, one of the Oldest and
best known commission men On the ex-
said this morning regarding
the advanced prices of beef and pork; !
rs there any wonder that there is
an advance when we consider the fact
that we are 5000 cattle short so far
this year. compared with the number
marketed for the corresponding period
of last year? We are long on hogs. |
however, but then there is not such
vast difference in weights. The cattle !
Is not in the country to market. and it !
is plain case of supply and demand. |
The inducements made will be great !
thing for those stockmen TIN oughout F!
the west who have any number OF cattle !
to market. The trouble is that so !
few of them are so fortunately situated. /!
''If they had more stock on hand now
would be the time for them to regain I,
some of the losses sustained during the /.
past seven or eight years by the de- |
pressed market. All stockmen that |
have talked with feel very much elated |
over the good markets. | believe that |
cattle will continue to advance in price. !
but don't know that care to hazard a |
limit. l think hogs will !.
reach So by August.