| Show Price Outlook Good Livestock Men Told By Their President C M in Annual Report to Association Says Expressions Washington in Without Actions Must Be Regarded As So Much Empty Air SL LT CALT LAKE CITY Jan 25 By 25 25 By y The Associated Press Press- Presse Press e tJ In rn his annual address to the members o the National 1 Live Live- Livestock Livestock Livestock stock association which opened its thirtieth annual conven conven- convention convention convention tion here today C M of Bell Ranch N M 1 president soun sounded cd a r tOte cote te of optimism and said that while cattle prices during the past year rear were not on the high plane of those pre pre- prevailing pre prevailing for sheep and hogs he believed the outlook for next year rear was bright bright Mr Ir 0 Is homo home ill III and hI hi annual report was read by T 31 t secretary of the as- as association as association sedatIon At At least we have been spared a widespread pread drought lie he h said and though there ther Is still sUII much to be he desired we aro are facing an outlook which is not discouraging discouraging In ing Discussing the question of ot re- re relief re relief lid lief legislation for the west middie-west 1 e- e ewest west farmers ODonel said It Itis Is a II larg problem and cannot be by telling the farmer that it if he lIe Is suffering from Crom too much production the th remedy isto hi hito 8 to 10 produce less Citing ClUng the pro pro- production production pro production of ot whet t as a II sample h ho said weather conditions n gO production and one year might witness a II crop yielding a sun sur- plus ur-plus plus while on another year eor pro pro- production production pro production the same acreage might be bo re so small as to cause a national shortage PRICE CUTTING Per Personally lIe he Ii added I I 1 m not oppose 1 I to the export und under r government control of or a surplus if a workable plan carl be devised But Dut it must b bi re- re remembered re remembered that the situation era era- era In the country to which export Is made mado will have hive to ho be taken Into Inlo account In this con con- connection connection con connection ODonel said other Im Im- Im porting countries might possibly engage In a II price pric cutting war especially In tho the case aiso o ot of beco o Ing into Great Britain from Crom bo both h thIs country and South America Such a result he be predicted make maleo all profit Impossible and woul would 1 result In hostile legislation It would appear that our problem problem lem lent Is to produce just h beet for tor our domestic consumption lion tion and no more HOG MEN V The producer ot of pork was plc- plc pie pic pictured as being In a II much moe mo e favored ored situation than the tha men men In that he has hIlS a very cry ex- ex ex extensive vo outlet for tOr his ut and no Importation to fear The Tho price decline of ot two years ears ago due to overproduction In spit ot of this extensive market was r ra- ra re replaced placed through under and an Increased price which proved to be an excellent cx- cx ex example ample of the th working of the th law lawo lot of demand and supply supply-a supply a 11 l which Is still In effect where It Is IsI allowed to operate The market for tor lambs wa was d de- de de described scribed as IlS on the tho whole sail sail- satis satisfactory factory although there thero were seasonal declines due to oversupply oversupply over- over supply ODonel said the cattle market during the tho past year eJr has been less satisfactory than the th ho hog Or the sheep market Declaring that prices on the range rang ha hare hae e shown an Improvement oV ovum r those of any other year since the tho cataclysm ot of deflation ho he said alc one cannot help feeling a 1 douht whether the tb values of 1926 can In view of ot the Un- Un Unhealthy un unhealthy healthy condition of ot the tho fat tat cattle caUlo market marlet there Ther has not been nt at any time tim during the tho th past peat year and is not now Justification In Inthe Inthe Inthe the prices at which th the finished product Is going over the tho scale for Cor the tho bullish sentiment that has JUIS prevailed among range buy buy- buyers ers era I I i I 1 I I FAT T CATTLE C PRICES He expressed it as his view th t this sentiment was based on tIme the knowledge that two successive corn crops had carried an un- un unusual unusual un unusual usual proportion of ot abl able corn which can only bo be marketed In the form torm ot of 11 live live- livestock live livestock stock and that hogs bogs being scarce and high cattle catti must bo be fed ted Prices of ot fat tat cattle have hav ruled below the th year three-year average al II although 1 though the th price of ot common cattle has been higher and he recommended that this situation ContInued on Page Paso r o PiCE OUT LUO FOUN FOUND BETtER f C Troia rave One M etl d by the better beet bett bettE h E r c th t t j jt ih the t packer packer ari add adde 1 e I tot for to I I h t then the tho n a r n in a II m in Ur r- r rs r r rs I s not an idi id II il 11 I In In- In Ini I i n bich bicht it t a vs s to fo- fo foI lo 1 I 1 I Id aid th tho tha re nd COli corn corn- corns coin i s t In ta Duyl buyl 11 1 i I i It tea v 4 I 11 II the f VC AG W fJ mer r t I pr pr 1 ved wod a 0 t t t tn pro pro- 1 Ii i slat n dl dl- dl C i be 10 lId did didlot lot 11 a I h- h hI Ii I e Od Id n 1 s a f c this u IT- IT ITi 1 i vt r n II as as II tc I s the tho a I I i l 10 rP dI Tl is i d and anil ui m f t railroad us upon height rat s sa n a ou th it ther then should hould h t I l rift Ides ho he 1 ii U-Of U u lon our r r m in r r spent is l d don r the tho Jr jato ta taI I I fur i I n- n tho the of id d stockmen and an tf to tot mil 11 n In his tro tl tro l te Mn n I 1 f om asi bI b 1 empty air ati We do doIt doi it 1 r ii r sympathy theira their a n we want Is den deft i ded-i id d a square deal |
