Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-05-11
Utah FIockmasters Representing
Ten Million Pound Clip
Discuss Plans.
COMMITTEE NOW AT WORK.
Circular Letter Is Being Sent to Sheep
men Over the State Outlining
Plans and Necessities.

| marekt than the present one has been
created These ten men are: John f..
Austin. Salt Lake City; Edward j..
| Kearns, Salt Lake City; j. S. ostler.
| Nephi; John II. Sandpete, II. c. Wood,
Spencer Idaho; r. w. Jones. Cedar
City: W. Il. Haigh Salt Lake county;
| j. r. Allen, Draper; A. X. Hanson,
| Richfeld A. H. Cannon. salt Lake
| City, and II. r. Denis. Heber City.
stephen NJ. Convey OF this city was
| selected at Saturday afternoons meet
| ing to act as the Boston agent forJUtah
wool growers. He will take up offices III
Boston and have charge of the storage
OF consignments and keep parties at
both ends posted upon all phases of
wool conditions.
In the neighborhood of 700 wool
growers were represented at the big
meeting held In this city Saturday al
ternoon In response to call from the
Utah Wool Growers association. In
the neighborhood of ten million pounds
OF wool was also represented Scatter
ed among the wool growers, them
selves. were buyers from eastern
houses railroad agents and others
deeply interested in the movement un-
der discussion. President e. II. Cal
lister called the meeting to order and
explained that Utah's wool growers
had been called together so they could
hear Il. j. Kearns and j. E. Austin tell
of their trip east, made to see what
storage arrangements could be made
AUSTIN TELLS OF WORK.
j. II. Austin talked first. I'VE can get
$3.50. 900 or more upon wool in storage
at 6 per cent per year, II we want II.
The agreement holds good for renewal
IL we desire. The National Dock &
Warehouse company told us we could
send any amount, fifty millions or still
more. ii we desired So with plenty of
advance money and with plenty OF
storing room assured us. relief from
selling at bedrock prices is open to us.
Storage at the n. u. 81 w. company's
warehouses costs seven cents a ton
for moving and piling the wool ana six
cents per ton per month for storage.
Other attendant charges would be
AZ 2-5 cents per hundred dollars; a
rental for extra floor space used in
sacking and grading and 35 cents per
hour for labor done overtime. A lot of
money can be made by storing, as the
eastern dealers have their hands full
of 20 cent wool. We can sell lower at
a profit later on"
NO MARKET NOW.
Mr. Kearns said Utah wool growers
were wise in starting a movement to-
wards storing the states product.
There is no market for wool at the
present time he said. Buyers, offer
ing IL and IS cents. are keeping In view
the condition of the eastern markets
II this years clip is stored for time.
there is no doubt that the price of wool
will revive
At present not more than 40 per cent
of the wooden mills are running
This statement brought Mr.. Austin
to his feet again He said he did
r,sff r. l. Vsfos an
the "no market" point, He told of
j. Williams buying two months ago at
90, 30 days ago at 81, and last week
at 1SI4 cents per pound. This was
Utah wool, and after buying 1t, Will
liams. according to Austin said he
was going to store 1t in his lofts and
forget about It, Mr., Austin said
Utah wool could be sold at ISM nicely
and evidently sales at 1S& promise
future profits, when some buyers are
willing to take 1t no at that price.
Eastern buyers are offering from 10
to - cents per pound.
THE OMAHA WAREHOUSE.
The Omaha warehouse companies
sent IN letters asking the Utah grow
crs to talk business. Wyoming's wool
association invited the Utah growers
to share space with 1t In its Omaha
warehouse,
Secy. Stewart started an informal
discussion OF affairs and various
members kept II going. The consen-
sus Of opinion was that wool men
should and are going 20, take matters
in their own hands. Instead of sell
ing to buyers during a bear market
and let them store the wool until the
market has revived, the growers OF
Utah intend to hold their wool and
store 1t themselves.
A circular letter being sent To the
woolgrowers of the state by the COM
mttee. Is as follows:
Dear Sir: The committee sent TO
Boston to secure warehouse room and
arrange terms Of storage reported 10
o meeting of the woolgrowers, held in
this city May o. The report of this
committee was unanimously apprOv-
ed. and Mr., S. NJ. Cloycy, reliable
sheepmAn OF this city. was selected to
go to Boston and receive and look
after the Utah wool when IL shall ar
rive In Boston The wool never pass
cs from the control Of the owner, and
he can sell II himself or order It sold
whenever he pleases. Mr.. Covey will
az all times keep this office Informed
as to the conditions Of the market
The advance will be from 6 to 10
cents per pound, according to the
condition Of the market.
me Cost OF STORING your WOOL TOT
six months In Boston, including
freight, drayage, storage. interest
cents per pound advance, which viii
be about the average advance on all
Utah Wools commission on sales, iu-
surance and looking after and hand-
Ing the wool Will not exceed Y cents
per pound. This 3 ~ cents per pound
expense includes the guaranteeing OF
the accounts In case wool is sold 10
the manufacturer on 80 To 90 days
time, and includes all other expenses
~ every kind ana nature, This es-
innate Is based on 100000 pounds
shipment. The freight charges OF 2.12
per cent Will, OF course, come out of
the advance. Remember. when you
sell your wool here, or consgn Il, the
buyer In fixing the price always
counts OH the above cost. II win not
cost ~ any more 10 strip and store
wool than IL does the buyer. II you
want to ship your wool, let me know
as soon as possible how many pounds
You have and when you can load and
we VIII order cars and send ship.
ping Instructions,
c. -. STEWART Secretary.
Reasons
We are coming la competition with
wool that costs from 90 IN rs cents.
on basis OF 10000, 900 pounds OF
wool, we are paying S125,0OO 10 turn
IT over 60 some commission house.
ITALIAN WON THE SPRINT.