Show THE LIVESTOCK SITUATION ily by J 11 II macnaughton A noto ot of optimism has boon irot brot into tho the entire livestock situation as aa it result of and sustained advances in market of cattle hogs and cheep the advance got under wa acy v late lata in february ond and at this time cattle prices aro tully fully A cont cent a pound higher than during the early part of february 15 to 20 per cent in steer values on the loa angeles kat livestock prices havo have boon been relatively lower than any other commodity and it has seemed evident tor for flome time that some boma upward revision in values was in order close students ot of the trado trade are optimistic that tho the price cycle lias has definitely deserted tho the low levels which have marked tile the bottom ot of a years declining market and many ballove that further conservative serva sorva tive improvement in prices may bo be anticipated it Is certain judging from all private reports that thoro there la Is likely to be a ish shortage of 0 cattle and sheep supplies lit in california and other western states affied conditions hayo not been satisfactory and the cold winter has undoubtedly caused heavy death losses in flocks it la Is believed that the california lamb supply parti cuIr orly tile tho important early lamb movement will 1011 bo 10 considerably smaller than last years yeara record figure to obtain adequate financing through the usual channels couil ed with shortage short agn ot of feed and general uncertainty has depleted cattle supplies lit in and the baime condition has haa beon been true to oven even a greater extent la in the intermountain country |