Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1891-04-02
STOCKMEN REJOICE.
CATTLE AND DRESSED MEAT RAPID
LY ADVANCING IN PRICE. THE
HIGH PRICES or 1882 PREDICTED.


The Forecast Of stoekmen.
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 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
"lf you had told any butcher or
stockman month ago that prices on
cattle and hogs were going skywatd be
would not have believed you" said
wellknOwn butcher doing busines in the
market house He has been doing busi
ness in Kansas City for 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 SO rapidly. That was in the
year 1889, 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
80 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 Is cents. Meats that We're
selling at 10 cents are now selling at
l5l.
There have not been much percepti-
BILE Increases In pork but the future IS
fiatterlng, aud 1t is not improbable that
pork will hold Is 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 > p on the 100 pounds,
and according TO the best Of Authority
among the commission men the price
In another 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. e"
said Mr.. Cooper, cattle sold for Ss45
a 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, So. 90 or thereahouts. Pork went
gliding up 10 S6 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 inteligentlv |
fOrctell att 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 4
for SO a 100 pounds. This is the highest /
price paid since that time Prices may /
reach the limit Of 1850, but do not 7
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
morey, aud people did not stand ON
family expenses as they do now. It 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.
win Peters, one OF the Oldest and
best known commission men on the ex-
change, 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 il
Is plain case of supply and mand
The inducements made will be- a great
thing for those stoekmen Throughout
the west who have any number OF cattle
TO market The trouble Is that so
few OF them are so fortunately situated
"lf they had more stock on hand now
would be the time for them to regain
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. I believe that
,attle will continue 10 advance I'm price.
put / don't know that I care 90 hazard
maximum limit. I think hogs viii
reach 81 by August