Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-04-10
A LIVE STOCK MARKET
IN THE GREAT SOUTHWEST.
Thai Is What Boston and New York Capitalists
Are Establishing Expondi-
lure Of sssO,OOO.
special correspondence United state. In


Fort Worth, Tex. March ~ ls03,
The recent eossummatiou Of the paekery
deal 0t Fort Worth, surpusses In import
years In the Southwest me great plains OF
Texas. Indian Territory ana Nav Mexico are
recognized as the most important cattle
country OF the unittd Statcs, but untl
within the last three or four years. there
was very little feeding done for the mar
ket, The practice FOR years has been 60
ship ycnrllngs nnd 2-ycar-olds to the nortn-
market the chief profit going ~ the feed.
er. With the large increase in the acreage
OF cotton and corn IN Texas during the past
lew years, the practice OF feeding cattle for
increased
At the recent cattlemen's convention held
here u was shown that in 1901 Texas rat.
tened $4,000 head of cattle. aud In 1SJ2 this
number was Increased 25oOOU head. Corn
rs becoming an important crop, ana the
utility OF cotton seed aud hulls rs cattle
feed has done much 20 reyOiutlouize the
cattle business In Texas.
n n now q recognized fact among stock.
mon that cotton seed ahd cotton seed hulls
make "A cattle feed that has no superior
Texas raises annually about 2.OUO,OUO bales
ot cotton. To be able 20 fattcn the cattle
OF the plains ON that portion OF the CUttnn
crop hitherto thrown away. is d thing that
enhances one industry and develops another.
To transform the breeding ground INTO
Is to infusc now nfO Into the cattle bust.
ness Of Texas. and 10 build up n packing IN
dustry accessible 10 both. Mt APPOINT from
which railroads radinte IN all directions,
~ to give the home producer better prices
ald the Eastern consumer lower prices,
10y reason OF the former dealing with the
latter direct Texas has over I.OOO.uUO head
Of cattle, over A.OOOOOO head or sheep ANA
about 2.OJO.OOO head OF hogs. HERETOFORE
this vast number OF cattle has reached the
consumer through northern markets. The
packing establishment. now assured here,
which win have u capacity almost equal To
the ones ut Kansas City, Is not only Inn
portaht by reason OF the meat that VIII ho
packed, but Important because IL viii cree
Worth Is about the same distance from
New York as are Omaha and Kansas city,
Indicating that the running time VIII be
~ THE DEAL
referred 20 was the purchase OF the plant
OF the Fort Worth Packing company, and
the property OF the union stock yards of
Fort Worth, including 300 acres Of land, by
q syndicate, at the head OF which Is Mr..
Grcenlicf w. simpson OF Boston, The pur'
chase amounts to, in round numbers $3.50
900, for packing and stock yards property
ana adjacent lands. The packcry, ns " eS-
lists NJ present has capacity OF $40 huga
aud 300 cattle per day. aud the plan of the
syndicate Is 10 build a new becf packing
give the plant "A capacity or 1000 bocYps
aud 1000 hogs per day. The stockyudH VIII
be laid out anew by Elmer Wnshburn late
superintendent OF The Chicago stock yards,
The same syndicate has purchased other
lands, giving them 300 acres Ia n body.
making q great ABUNDANCE OF room for
yards, buildings. railroads and switches,
II is also understood that they have pur.
chased the electric railway from the city
to the yards. The deal incudea the estab-
llahmcnt Of n bank by the packing house
syndicate. which viii be- In position To make
lonns 10 stockmcn at not over per cent
per nnnum
general manager " the George H. Ham
mOnd Dressed Meat company, aud was for
time intimately connected with that com.
pany's plant at South Omaha Associated
means OF Boston. New York aud New or.
leans, though some OF the wealthy men OF
Texas win bc stockholders.
SrOCKMEN COOPERATE.
One OF the most significant features at
tcndlng the consuumation OF this deal was
the cooperation ana guaranteed support Of
the cattlemen OF TeXaa. AZ n convention Of
the latter. held In this city n few days ago
Mr.. simpson stated TO them definitely what
he wished 20 DO. and asked them 20 sign
an agreement 90 slip their cattle by way
OF the Fort Worth yards, with the 0ssur
ancc TINT N the market thus Afforded was
not satisfactory, they had the privilege OF
shipping one North or East at the same
through rates az If they had not stopped nc
Fort Worth.
The result was that stockmen represent
ing over 100000 head OF cattle annually
promptly signed the agreement which pro
vidcs that II the agreement be violated,
head Cor the number Of cattle shipped past
Fort Worth.
This promptncss and readiness on the
part Of the stOckmen made possible the
Centerlng here OF the Immense packing IN
tercsts referred 10. This Is n deal that win
DO more Ia bring Texas IN close touch with
the Eastern states than any that has here
toforo taken place.
The promoters Of this enterprise have
also had the hearty cooperation OF the
railroads, who, II X understood have made
very liberal concessions relative To ship.
ments, stock and packing products I'm
proyements now being contemplated by the
syndicate mems, together with the pur-
chase price OF the original plant the eX.
100000 TApLEY.