Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-05-25
PEERy WILL ST ORE WOOL
Telephones Secretary Stewart That lie
VIII Join Cooperative scheme
or Growers.

Henry Peery of Ogden, a heavy shin
per of Utah wool, is the latest west
ern man to join the cooperative plan.
of the wpolgrowers to protect Their
interests from eastern buyers. intent
upon securing the Utah clip at ridlt
ulously low figure. Mr. Peery today
telephoned Secretary Stewart of the as
ISOLATION, pledging that he would store
all of his wool and would work for
the storage plan.
Last year" he said. wool was per-
haps % or 80 per cent higher than II
Is this year, but the prices offered here
by the buyers is less than 30 per cent
of last years prices, and that leaves
them a clear 20 per cent of profit for
themselves. which the sheepmeu can
safely figure on by shipping to Phila-
delphia and Boston, and then awaiting
the commencement of buying by The
manufacturers"
The identity of the eastern broker
whom the wool men have brought west
to advise them OH the situation has
now become known. He is G.. Winthrop
Coffin OF Coffin & Son. Philadelphia.
Pa, and his opinion is that the good
staple clips should sell at reason
able figure, which is not being offered
here.
The Utah clip of 12,OoO,000 pounds is
only Il portion of a total western clip
of gO0OO. 600 pounds which is now he
ing gathered from points west Of the
Mississippi with 100000 tn be figured
on from the other side of the big riv
er.
Support for the plan OF holding pos
session until prices that are more rea-
sonable prevail has increased rapidly
since the exact nature of the night with
the buyers became known.
They plan" said f. II. Callister in
discussing the problem Ito make even
from the Utah growers on their last
years losses by taking the wool that
Is now in storage at a cost of % cents,
adding Il like amount of this years
clip at 9 cents. totalling the cost ahd
dividing ii by two and by selling near
this price, equalize their ledger. It's an
very fiue for the buyers, but it is nara
on the growers here
From the banks has come consldera-
bile support to the wool men, and prom
Uses have been extended TO advance
money ON storage wool Cashier c; >
Burton Of the State Bank Of Titan Wheh
asked for his opinion on the storage
plan said: II favor il for the Utah
growers. They should not get as low
Is cents, but should ges
nearer 10 or Is cents and
believe they viii make this figure
through the purchases of big clothing
factories for the fall suitings Wool
men, however, should not forget thar
the nation as a whole is pressing up
its last years suits this spring, ana
wearing a patch on the worn out POI
tons. Demand for wooden goods there
fore has become less lively through
the hard times"
ON the part of the buyers there -
less hope now than formerly to get eN,
tensive control of the Utah clip ana
they offered Enos Bennion this morn
ing TO take his wool on consignment.
giving him the market price for d
whenever he Is willing TO let 60 Inc
offer was not accepted. as Mr.. Ben,
mon considered 1t part of the genera
maneuver TO control the clip ana alv-
tate terms TO buyers later on Mr.. Ben
Mon leaves for Vernal tonight aite'
putting his wool In storage with tne
association.