The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1910-06-30
Celebrate The Fourth Of July In This City
OPEN LETTER TO WOOLC GROWERS
RUM0RS OF A COMBINE, BOURNE OUT BY
PRESENT LOW PRICES.

President George K. Reed of the
Montana Wool Growers association.
with headquarters at Helena, has is
sued an open letter to all of the wool
growers of the State, in which they
are advised to consign their wool.
The letter also hints at huge COM
bine of wool houses. 1t is as follows:
TO the Members OF the Montana
Woolgrowers Association and all
Woolgrowers in General:
"It is deemed advisable, owing to
the perpleXing and uncertoin condi-
tion of the wool market, to acquaint
sheep owners throughout the state
with the condition of affairs and
prospects for the future. Several of
the members of the association have
recently visited eastern market GEN.
ters and report that there is appar-
emily no adequate reason for the pres
ent low prices being offered for wool
in this state. The clothing mills are
running full time and some overtime,
and the WOrsted mills appear to be
running nearly or quite full time and
some reports say overtime. Not
withstanding this condition, the mills
are apparently buying little wool
from the dealers, The London mar
ket quotations are nearly 3 cents per
pound higher than at this lime last
year. There is apparently no eco
nomic reason why wool should not
at this time be commanding higher
price than that Of a year ago.
MANY rumors have reached this as
sociation of a combine among the
buyers for the mills and wool buyers
themselves. This condition seems
bourne out by the exceedingly low
prices being offered sin this state at
present. We do not wish to state
positively that such a condition ex-
lists and the wool buyers now in the
state are emphatic in their denials of
such combine. From information
gathered from many different sour
ces it is deemed almost certain that
by fall wool will be as high as last
year, if not higher. Many of the re-
presentatives of eastern wool houses
are urging the advisability of con-
signing to their prospective houses.
Advances of from IA cents to II cents
per pound are beiug offered by these
buyers, but it does not seem advisa-
BILE at this time to place our Montana
wool in the hands of the houses who,
if there is a combine in existence.
are parties to the same. 1t is certain
that there will be a marked change in
the market very soon after the first
of July, as at that time the light
weight market opens in the east and
it is thought that the mills will begin
to buy actively after that date. Ru-
mOrs of a few sales as low as 16cents
are reported in Montana, but fortu-
nately, said sales are very few and
are made under sealed bids. Unless
these clips were exceedingly poor in
staple, the acceptance of such price
seems ridiculous. w oolgrowers
Throughout Montana are almost uni
versally in good financial condition
this year and with the advances Of
fhred on consignments it seems ut
terly ineXcusable for growerto take
such prices as these.
"The association is glad at all times
to furnish information to it's men,
bers and you are urged to write for
any such information desired. At
this time we can only advise a delay
in selling at the present prices offered
and consignment, if this course is
determined upon, to an independent
broker rather than to wool dealer
If consignment is made at all it
should be made subject to certain
fixed time of sale, probably on or be-
fore January l next, and the owners
to reserve the right u at all times to
fix the price. Consignment may be
made by owners in their own
name tothe National Dock and Stor-
age Company at Boston or any of the
! number of warehouses in Boston or
Philad elphia. Those Of our men,
bers who have stock in the Chicago
Wool Warehouse and Storage Com
pany can send their wool there up to
the amount covered by their stock
at the cost of cent per pound and
can thereon receive an advance of 10
cents a pound. Such members may
charge of IL cents per pound, but on
be made.