The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1909-04-24
IDAHO WOOL GROWERS.

Idaho wool growers are highly elat-
house plan which has been worked up
and placed in operation during the
past year. The price of wool has
steadily increased until now it is sell
ing for very nearly double what it
was selling in this state prior to the
warehouse plans being instigated.
Sam Ballantyne, secretary
of the Idaho Wool Growers associa-
ton, stated this morning that the
mammoth warehouse in Chicago is
already so far completed that wool is
being stored in it. The building, which
will be a five-story affair covering an
acre of ground, is all completed to the
top of the third story and wool is be-
ing stored in the first and second stor
| les.
1t is not necessary for all members
of the warehouse association to send |
their wool to the warehouse to be sold.
Many of them have already sold in /
the open market for delivery f. 0. b. in /
Idaho, but such members pay their
storage fee just the same as if they
had stored, which all who sold up to
date have gladly done, feeling that the
plan has already we'll paid them.
Members pay to the association a
cent pound as storage fees whether
the wool is shipped or not. This is
the only profit the warehouse associa-
ton can possibly make and as so per
0 cent of the stock of the warehouse as
8 ISOLATION is owned by the shippers, it
can be seen that there is not great
profit left for the Chicago stockhold-
ers
Speaking of the matter in reply to
statement in this paper last evening
3 from j. M. Johnson, local wool buy
9 er, Mr. Ballantyne said:
st note in your yesterdays paper
o that statements about the Chicago
warehouse which are quite in keeping
D. with the tactics employed by himself
II and some of the other wool buyers, in
81 their wild efforts to check the ship.
10 ments of wool to Chicago. Mr.. John
ol son, while a sheep man himself, has
u ever been a vigorous opponent to any
7. movement looking towards improved
u methods by which to handle and sell
our woods. Naturally he was bitterl.
/ opposed to the Chicago wool ware
. house. Mr.. Johnson has always beer
e. known among sheep men as bear or
10 the wool market and has never failed
~ to carry a wet blanket during WOO
i buying season. We are not surprised
however, at Mr.. Johnson's attitude
!" since the warehouse has broken VI
10 any possibility of combine among
50 the buyers to force down the price o
- wool which has been their common
y practice in former years. Their com
u year that they finally killed the COOS
!" that laid the golden egg.
70 mr. Johnson remarks that tn
.. growers in that concern have begun t
~ realize that they are the dividend ere
a ators while the Chicago stakeholder
a. are the dividend receivers We Nigh
o. say here that the Boston commissio
" houses are the dividend creators thi
nr year. But we challenge Mr.. Johns6
az to find single sheepman in the Yves
% who will bear him out in this state
le ment On the other hand, the shee
men all feel that the Chicago ware
uu house has already made them div
ey dend on their 1909 clip of over a quar-
az ter of a million dollars.
u, 1.-THE statement that not over 10 pc
y cent of the wool from this section wi
y go to the warehouse is groundless an
re incorrect and is nothing more or les
'ae than an effort to discourage shipment
&c to Chicago.
"a MIR Johnson is glad to believe thu
TO the London market has raised tn
'ie price of wool here, but we are frol
10 Missouri. Heretofore, a raise in tn
London market has not benefited u
~ materially, for the reason that tn
combination of the Boston commissio
nd houses established the price of woo
and not the London market. 1t Is In
les material to the sheep man whether tn
London people know about the ex
lstence of the Chicago wool commits