Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-08-07
A TRUE PREDICTION
The Increased Demand and Rise in
Prices of Cattle Foretold by
Secretary La Rue.
REASONS FOR The DEMAND
Packers Have Exhausted Their Supply of
Canned Meats-Prices on Oorned and
Roast Beef Have Advanced 20
Per Gent.

In the annual report of the cattle san
itary board Of New Mexico, made early
in the year by the boards energetic
secretary, j. A. LaRue, to Governor
Otero, a prediction was made by Secre-
tary LaRue, based on existing condi-
tons, that there would be an increased
demand for cattle and correspondingly
higher prices. Mr.. LaRue said at that
time:
EARLY in the year the effects of the
terrible strain range cattle had endured
through the winter left them too low in
wide difference between the offers they
made and the prices asked by their
owners could not be reconciled, so very
little trading was hen done, but the
outcome proved that the producers
were right, as they sold later in the
season at very nearly, if not quite, dou-
BILE the prices offered them earlier in
| the year, and the demand continued
| strong until October, when the Trans
vaal trouble was about to reach Il cri-
sis, and the over speculation in stocks,
fostered by the general prosperity,
caused a disturbance to that touch
stone Of the worlds affairs, 1.-THE money
market" and Notwithstanding the i'm
II rinse corn crop and the abundance of
all kinds of feed in the corn belt, the
demand for cattle to consume it at ono
fell off almost altogether, but the very
condition that brought about this state
of affairs must, in the near future. give
rise to a much stronger demand fol cat
tie than has ever been known, for 1t Is
a fact that the worlds supply Of timed
meats, that have now become indispen-
sable, not only for the subsistence of
the armies in the field, but also to a
very large proportion of the civilized
worlds inhabitants, has become very
much depleted. in evidence of which
the price Of canned corn beef has been
advanced 2 cents per pound, this in
connection with the well-known and
now admitted shortage of cattle must
have it's effects, therefore the outlook
for the producers of cattle for the
worlds needs seems bright for the i'm
mediate future
That prediction has been verified.
Only the other day the Kansas City
Drovers' Telegram said:
"a conversation with a packing house
man this morning brought out the fact
that all of the packers who are inter-
ested in any way in the foreign trade
in canned meats have exhausted their
supplies through the heavy require
ments Of various wars. 1t is said that
the biggest beef house in Kansas City
had to decline orders last week for
canned beef of various kinds. Another
house that was asked to furnish meats
for one of the big armies was unable to
do so, so nearly was it's stock depleted,
and it was unable to procure from any
other packer the amount necessary to
fill the order. Information comes from
Chicago that the same condition exists
in that city. 1t has developed that
prices on corned and roast beef have
advanced from SIPS to $3.50 per dozen
for 1-pound cans. This is said to be
| the largest advance ever made by pack
ers at one jump. Practically all of the
foreign governments that are in any
way interested in the various wars now
in progress are in the market for the
product of our packers. One of the big
packers, in speaking Of the advance,
remarked that If the demand for corned
and roast beef increases during the
next two or three weeks, as it has re-
Gently, some sensational prices will be
paid.
'"Of course, the cattleman is wide
awake enough to see what this demand
%portends for future prices"
Secretary LaRue is doing great and
good work, with the cattle sanitary
board, for the stock interests of New
Mexico, and can be relied upon to be
posted thoroughly upon everything that
relates to the cattle industry, especially
in New Mexico.