Show W tao I 1 livestock situation by LAMe L A mcnaughton NAUGHTON I 1 los lon ani Amr amreich 9 elCH too april 1 4 sa M s a ftp lort arua inducing educing I 1 the marketing ox n lionso it ii western reductions are announced to take effect not later than april 15 by the los loa Alig angeles oleg livestock exchange and jhb los angeles union stockyards Stock yards lower commission charges and yardage charges were made voluntarily by the stockyards stock yards interests as a part ot of tile tho general movement to reduce marketing costs costa and thus thug ald aid tho the livestock industry to get back on a sound footing after all tho the costs costi of marketing livestock are very small in relation to tile the volume ot of sales while all istock yards charges are on a flat basis eyen at relatively low price there are few products product Ei of kind that are marketed mar ketel at such a 1 small percentage of total value in it ordinary times tho the entire cost of marketing cattle at it a public mar ket figures only about one per cent and values still leayo leave the marketing costs coats very little attil in excess of oe two per cent I 1 dont know of any other agricultural marketing mr kelln machine eliat doea do business on such a small marketing expense thor do I 1 know of any manufacturing fac turing industry that Is able to its entire selling expense town down to one or two per cent an outstanding feature favoring the livestock industry through throughout opt the ho business depression has haa been tho the fact that at all times it has bag been possible for the stockman to find a ready cash market for lie he wanted to sell this vas lias provided nn with ready reaby ash ai t a time line bhea ninny many products of the soil were difficult to convert into money few beai the kastnet K of in livestock industry in the astern ki tates on the los an gules golos ni firliet altaf ware in cam nv avirl Irl twenty C t ollar and tills ruin I 1 Ss s only c cn of what was wild out our in III ly 4 in addition to tills this enormous enor onor moua moui cash outlay sheep men had their wool to turn into cash in view of tho the fact that slightly more ann lhnn 40 per cent of all livestock slaughtered 6 in call cali fornia Is purchased by los angeles packers it Is evident that call cali forn lans ians last year year spen spent t approximately TO million dollars for cattle calves hogs and sheep to 0 bel ba converted into meal many millions of dollars additional are spent lit in other states for pork products which are shipped to california tho amount of money paid out to stockmen stoc kmen does not complete the financial picture as aa the moat meat packing and distributing business cepro an investment of many millions payrolls and supplies run into more millions more afore millions are spent by retail meat dealers tor for wages rent advertising and so on it Is important that our bankers and business people generally come to a fuller realization of the importance of 0 tile tho livestock and moat meat industry which turns juch a huge volume of cash into circulation tion all through the year anything that adds to the value of livestock ll and meats immediately adds general volume of business for the he entire industry Is operated on a strictly cash basis |