The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-04-13
BOOM IN THE PRICE OF BEEF.
PACKING HOUSES AT ATLANTA
FALL IN LINE WITH A RUSH.

The Jump Amounts 10 About 2 Cents
Pound--They Deny the story that
the Advance is Due TO Corner
Worked Up by the Big Packing
Houses in the West-A Shortage in
the supply of Beef Cattle Alleged
as the Cause.
Atlanta, Ga. April 12.-The local pack
ing houses have announced an advance
in the price of beef of about cents per
pound, and put the public on notice that
there win be a still further advance of
about 5 cents per pound in short order,
the rise holding through the summer.
The packers claim that the cattle sup
ply is 100000 head short owing to scarce
corn in the west, and that the rise in
beef IS the inevitable consequence. The
supply, they claim, IS not now equal to
the demand, and as the summer advances
the prices will go up. other cities sup
piled by the western packing houses will
also be subjected to the increased price,
the advance being probably heavier in
lanta.
The packers deny the report that the
rise IN prices is due to a corner on the
beef market by Armour Packing Com
pany, Nelson Norris & Co, the Swift
ers, but declare that it would be really
money to the packers to shue down rather
than continue business this summer. even
at the present advanced prices. The new
scale of prices now is from 1T15 to 20 cents
per pound for porterhouse steaks and for
roasts from IS to 171e cents. Other cuts
are in proportion.
Santa re, N. NJ, April 12.-An advance
of about rs per cent. on beef cattle in the
last sixty days has served to greatly elate
the live stock dealers of New Mexico.
Mutton has also gone much higher, show
ing an advance equally as great. The
stockmen of the territory saw what was
fr0g hnNw rsr~N.. 4 I
their resources accordingly. At the adj
vanced prices some 1900 cars of cattle Will
be shipped during the next six weeks.
In 1894 but 10000 head of cattle were on
the ranges of New Mexico, but during TIE
past year every stockman has been saving
up his stock, and this year the number re-
ported for taxation is 10000
Experts say that at least 900 coo head Of
meat cattle are now on the New Mexico
ranges. and Of this number about $50 600
are ready for shipment.
The sheep in the territory in 1890 were
1850, 600 head, and in 1A they numbered
over 100000. 1t is thought that the num-
Der now Is about the same as in 1890
ST. Louis, April 2.-Representatives of
the large packing houses at the stock
yards say that the advance in the price
of dressed beef is legitimate and caused
by the advance in cattle. They claim to
have been working at a disadvantage
during the past six months, as the cattle
have advanced more rapidly than the
meat.
Cattle commission merchants saw the
high price of cattle is due to their scare
ity.
Chicago, April l2.-The shortage in the
supplies of cattle at Chicago, Kansas City.
Omaha and st. Louis, the principal west
ern markets, thus far this year amounts
to nearly 10000 head compared with one
year ago. The shortage in pounds of
dressed beefs since the first Of the year
aggregates l15OO0,000 pounds or nearly
100000 pounds a day. At the same time
the price of live cattle has advanced about
2 cents a pound.