The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-11-02
EXPLAINS VAST
STORAGE PLAN
Walkers Letter Says %, 900,
600 Pounds of Wool Will
Be Stored at Chicago.

Twenty-Five million pounds OF wool VIII
be stored in the great central storage
market of western sheepmen in chicago
for a term of three years. This fact Is
disclosed IN circular letters which George
S. Walker, secretary of the National Wool
Growers association. is distributing
among sheep raisers all over the west.
Secretary Walkers letter details the re-
suits obtained and decided upon IN tae
recent Chicago conference between llS
special committee from the National Wool
Growers association and the Winqy city
business men. The letter. which is OF in
terest to all sheepmen. Is reproduced here:
Il beg to advise that the special COM
mittee appointed in Salt Lake, Aug. p, to
investigate conditions at and the facili-
ties offered by several cities for the To-
cation of a wool storage market after
spending three weeks in making a per-
sonal investigation. decided upon Chicago.
the committee finding that that city Of
fered the best advantages
"A warehouse and selling company is
being organized among the growers, who
will hold 81 per cent of the stock, and
Chicago merchants, who will hold 80 per
cent. The plan involves the building of
large storehouse in the stockyards dis
trict, and the concentration of not less
than %, 100000 pounds of wool for a term
of three years. Men experienced in all
branches of the business will be secured
and the wool will be stored, handled and
sold at a price much lower than the cost
to growers under present methods. The
wool will be under the control of the
grower until il passes to the consumer.
There are many other features OF the
plan that will commend 1t TO the grow
ers.
I'VE have positive assurance that the
manufacturers will come to Chicago for
wool and we are also assured that the
Chicago business men Will aid us by in
sisting upon the purchase, so far as pos
sible, of cloth made from the woods pur-
chased from our warehouse.
The Omaha house. X Is understood. will
be merged into the Chicago house and op--
Grated as an auxiliary storage plant 1t
Is planned to send all the wool in the
United States to one warehouse and keep
it there until IL can be disposed of at
prices which will be a profit to the
grower.
No discrimination will be allowed be-
tween the large and small producer as
all of the wool viii be sold at a uniform
price IL the owners see fit
Sheepmen in Utah regard the decision
to establish the immense wool warehouse
in Chicago as the climax of the fight for
better prices for wool 1t was first in
augurated by the sheepmen last spring
and the completion of the building of the
warehouse will be the most important
move in the history of the industry in the
country. The saving of money to wool
men are left entirely out in the cold and
the wool does not pass out of the owners
hands for one minute until IL is sold
1t has been decided to hold the big con-
vention of Utah's sheepnlen on Nov.
in the Commercial club rooms Assur-
men will be present and hear the big plan
explained in detail by officers from the
National Wool Growers and representa-
uves of the Chicago business men.