Omaha daily bee., 1908-05-16
OMAHA RAISES WOOL PRICE
Market Being Established Here Com
pels Eastern Buyers to Come Up.
ADVANCE Is TWO CENTS A POUND
Omaha is Commended by the Press
and Statesmen of the sheep
Growing Country for It's
Enterprise.

Already the establishment of the wool
warehouse and the promised market has
been responsible for the price offered by
eastern buyers being advanced 2 cents per
pound, according to c. r. r. Cromberg Of
Medicine Bow and Laramie, who spent
Thursday in Omaha arranging to ship 5O0,-
900 pounds of wool to Omaha.
Eastern buyers are making the ridicu-
lously low offer of from 10 to 12 cents"
said Mr. Cromberg. but they have
been unable to secure the wyoming wool at
any such figure. The growers expect from
IS to 20 cents at least, as they secured
from % to % cents last year.
THE better price of IA cents has been
offered by buyers as a result Of the Omaha
warehouses; but, according to the Wyom-
ing papers, which keep in close touch with
the situation, but one sale has been made
"A special to the Post of Sheridan says
that the only sale which has been made
was by Robert Crosswaite of Casper, who
consigned a carload to a Chicago commits
sion house. which advanced 10 cents per
pound on the shipment, which consisted Of
some 1900 pounds"
Factories to Follow.
'I consider the establishment of a wool
market in Omaha of inestimable value to
liG NOOl BtOWtIS VI lllt west, anu pre-
dict that it will be an unqualified success
from the very start and a forerunner of
greG ter things to come The very fact that
the wool warehouse is now in course of
construction has stimulated prices in our
country, and I see no reason why the price
next year should not be 20 per cent higher
than that paid this year, the increase to
he chargeable alone to the establishment
of the market here in Omaha. Already
prices of wool in my codntry have in
creased this spring 10 and 20 per cent
Further, 1 consider this wool market
just a forerunner of greater things TO
come. A wooden mill, glove factories, card
| ing plants and a number Of concerns will
| follow. In short, this wool market is one
of the greatest things that has ever come
to the west. There is no need in shipping
| our wool east to Boston or points in
Maine and then shipping the finished prod
uct back to the west when the manufac-
| turing all could and should be done in the
west in the first place"
Mr.. Cromberg says that heretofore the
wool growers of Wyoming and Montana
| have had no storage houses where their
product could be held for higher prices, but
| that sales must be made at once, no matter
the price. His Investigations in Omaha
resulted in disclosing that small storage
prices would be charged and the grower
could hold his wool here for months at a
low cost while awaiting for higher price
should there be a slump in the market.
| Il am going to talk the Omaha wool
market when l get back hope" says Mr
| Cromberg, land advise my neighbors 70
investigate the proposition here before sell
| ing their wool elsewhere"
VIII ship All TO Omaha.
| Mr.. Cromberg will ship all of his WOO
| to Omaha and so assured Charles II. King
vice president of the storage company
while in the city.
| The Wool and Storage company is to give
| the Rock Island Frisco system a chance to
show its intention of giving Omaha fair
treatment when the interests of no other
| city in the west are to be sacrificed. The
Rock Island road has been asked TO grant
a storage in transit rate such as has been
arranged with the Union Pacific, Burling-
ton and Northwestern lines The Rock
Island originates considerable wool and re-
ports show that It is almost all hauled
through Kansas City 10 the east. The ship
| ments come from Colorado, Nevada. Ari-
zona and New Mexico, as well as from
| California, and the storage in transit rate
| on the Rock Island Is very much desired
The reply of the company Is waited with
| considerable interest both by those directly
interested in the wool market and the ship
pers of the city who have seen Omaha
given a great disadvantage on grain by the
! Rock-Island- Frisco system for over two
years,
How Omaha Il Commended.
The business interests Of Omaha are uni