Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-05-23
Cans Bennion Comes to Town
with 100000 Pounds for
Growers Pool.
.utF A MILLION IS INVOLVED
Cow. Stewart Declares That
pooIna Arrangement Will Save
This Sum to Utah Men.
80. Here Arc Looting Growers He
Claims to Protect Purchases of
last Year at High Figures.

LAST \ car III Ili-h BiEllEtS.
s,,anethcned by the conviction that
.. can save over 100000 to Utah
al srowers that otherwise is des-
.,od to 20 into the hands of eastern
,,,,ers and commission men, the Utah
Ma, Growers association, only four
onths old. Is carrying its fight
.,.inst the corps of buyers now hav-
mo headquarters here. to critical
/ point
And their fight is not only a local
oro Following the report of their
,ro commissioners to the east, u. j.
goarnos and John Austin, the ASSOC
cation is now busy securing store
bouses at Boston and at Philadelphia
and there Is now pledged 100000
nounds of wool to be handled through
Inc association, with 100000 pounds
y already on the road to the eastern de-
4 pots.
4 came into salt Lake today and his
arrival has much to do with the flu
tare of the fight for control. for he
owns "A clip OF 100000 pounds. and
he declares that every pound of it is
going east into the associations store
houses, to be marketed by them I'M
der better conditions.
n WATCH THE BEARS.
Il feel" declared Mr. Bennion tbs
morning, that the wool men of Utah
should proceed this year with their
eyes open, Certain big firms in the
east are responsible for the present low
price Of wool The only way they
can hold the price low is to monopoll2e
the product There is no free mar
kot now that eXerts Itself in "A normal
way, and this is because those in con
troll have locked the market to buy
"A low, and then sell at the normal price.
Wool men all over Utah should
know this when they deal with men
that live IN expensive hotel rooms and
give wine dinners in the hope of bid
ding wool In AZ cents and 10 cents
thaf ought 10 be bringing in nearer 10
% cents They IN the end pay for
~ these Injuries which they meet to-
Jay When the buyers get q chance to
invite them out
Personally know the prices we are
getting are bed rock | know they
Do represent normal market | feel
atSoluelly certain that | cannot got
ieNo ~ any AiiANs anu Ittl just us slDIt
to pay freight to the east, to pay
Storage afterwards. and then get into
fair market, as to have these buyers.
pay these expenses and have all the
advantage of the better market. when
II comes. All that makes them ST.
ahHious TO buy our wool, except one
hing, is that they know that they
can make big money ON the deal. and /
IAN get my wool east as well as they
When asked what this other reason
Was, Mr. Bennion referred the inter
newer TO G. ID. Stewart, secretary and
treasurer of the wool growers associa-
'lon' who was present at the interview
LIGHT ON THE SUBJECT.
Our reports are from reliable
sources declared Mr. Stewart, and
ihey are to the effect that warehouses
u Inc east are fun of wool bought at
nom 20 cents to % cents. which with
storage and freight represents "A present
value of about rs cents, II is the own
tis OF this wool that are seeking to loot
ian growers of the clips at cents or
nile less per pound. They know that
'naIt only security Is In controlling tho
new market. and they hope that by
making 10 cents or II cents on this
cars buys to sell last years clip at a
.sute near this sum, and thus recover
W'it losses of last year from Utahs
goWers this year. The Utah associa.
,ioh IS not IN the commission business.
we do not make a cent off of any wool
slower He retains ownership of his
sool We find him brokerage facilities
y Boston and Philadelphia and stor-
sse facilities, and he finally receives for
ls clp all that II brings less freight
/ flN EttrgUp Mo "a hound n soil
lnally at about l6 cents. and these buy
| ,la' II we sell here, viii make the diff
| ptenee between 8 cents and that sum,
.alGh ON the Utah clip will reach the
WA Of half million dollars"
100000 POUNDS.
AZ The Cullen hotel the buyers have
wen headquarters. The wool men meet
NlAtlIally in the state board of Sheep
Nhmls,ioners offices in the Scott
building. The wool clip for which pos
Sou is sought, consists of about
1v'oUl pounds, ana is scattered gem
eally over the state. Mr.. .Bcnnion's
XXI rs at Green river and AZ Dragon
Ne Nebeker and Dixon of Payson
,e $1,000 pounds already on It's road
"lh Philadelphia storage houses
ihe sheep from which the clip comes
~ scattered through the lIiutah
'.ses where about one-third Of them
,'Nge through the Wasatch aud
Sluirh ranges, ana ON the desert
outward.
hhen Informed this morning that the
S9ers would probably try To get his
w Mr l}emiOn declared that the only
Hns be would do business on would
cents minimum, ana that I'm this
llllon ho WAS backed by all the sheep
Nsh OF NE Ncrnal district
Al expert broker who has handled
WI fol 10 years, and knows the mar
Nv thoroughly, has been brought hero
NJ au'lse the wool growers, and he hi
|lg IL market I'm the east al prices
KIN would JUSTIFY shipping Instead ~
lung 10 the ring here. His coming
Iat at the Instance of MI Kearns aud
n Austin, ana he rs the head OF a
pha -
1' present status Of the WOOL fignt
lal The Wool Growers association
aus Jusl ready to begin more active
vtnpNBh OF publicity in its behalf,
rs most of the owners are hold
kl unlll June / TO see what the mar
'h'rs 10y that time.