The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-12-16
WILL STORE WOOL
FOR MARKET RAISE
Utah Growers Believe That the
Price Will Advance in
January.
COMMEND STORAGE PLAN
wyoming Wool Growers Adopt Reso-
lutiOns Commencing Policy of
National Company.
COMMEND STORAGE PLAN

Taking the stand that the present
price Of wool is not what il sbou1o
De, and firm in the BELIEF that the
price will be increased after the first
OF the year, the Utah Wool Growers
association has decided to keep the
Stock stored in Boston until such time
as better prices prevail
Last spring the association secured
large portion Of the Utah clip and
IN June II was placed in storage The
price OF wool at present averages 1e
cents, but the wool growers believe II
Viii be advanced TO 20 cents soon
after January /. and with this hone in
stock. 'iieii
AT a meeting OF the stockholders Of
the National Wool Warehouse &, Stor-
age company. held in Rawlins WV
tne stockholders residing i'm Carbon
county OF that state heard a report of
the amount Of wool shipped to the
warehouse from Carbon county. show
ing total OF 3.37S,OO pounds of wool
Tor the season.
Comparison between returns from
'he warehouse company and the ac-
count sales OF different concerns is
IN favor Of the former to the extent
or TWO cents per pound. according to
the report
Resolutions Adopted.
At the Rawlins meeting the fol-
lowing resolutions were adopted bv
the Carbon county stockholders and
signed by them.
Whereas. The wool growers ~
carbon county. members of the NJ
uOnal Warehouse & Storage comnanv
IN convention at Rawlins. Wvo.- De
Cemoer II, 1910, heartily approve of
me ,, management Of the National Wool
kNaTnhnrrEn 4
the methods adopted TO further the
interests OF the wool men OF the west
IN the effort to establish direct con-
nccuon between the wool grower and
the manufacturer i'm the east.
And whereas. II appears from a
comparison of the net returns of the
Wool sales made by the National Wool
warehouse & Storage company and
those Of eastern wool dealers that Tho
cost Of handling the wool bv the
warehouse company is one-haif cent
per pound less than that Of the wool
dealers, and that the net return of
sales OF the National Wool Warehouse
q storage company exceeds those OF
the eastern wool dealers from one To
three cents per pound.
And whereas, We are firmly con-
.lhcea that a continuance Of the Ma
uonal Wool Warehouse x STORAGE
company is absolutely essential to tbo
wool grower securing the Just propor-
ton OF the value Of his product and
that abandonment Of the wareboueo
would prove disastrous to the wool
growing industry.
And whereas, We believe that the
only method by which the warehouse
company can be continued is to have
Us present stockholders renew their
contracts upon the same terms and
conditions as now exist. said contracts
10 be held in trust as at present.
Commend the Policy.
And whereas. We commend tho
policy Of the National Wool Ware
mouse & Storage company in refusing
10 handle any wool other than that
owned by its stockholders.
Now. therefore. be IL resolved
That. subject to the will Of the ma
Jority Of the stockholders Of the Ma
tonal Wool Warehouse & storage
company, we hereby individually and
collectively in convention assembled
pledge ourselves to renew our nreseut
contracts for a term Of three wears
upon the same terms and conditions
as govern the present contracts. said
contracts TO be held i'm trust. we
further urgently request all stock
holders to speedily express their opin-
ions as to the advisability Of continu-
ing the present organization.
And be it further resolved. That
We heartily approve and appreciate
the excellent judgment displayed by
}. p. Cosgriff i'm the management OF
the National Wool Warehouse 4 Stor-
age company and the methods adopted
under his guidance. and earnestly urge
ana request that J. r. COsgriff con-
tinue in its management as its presi-
dent"