The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-03-28
j. Z. Cosgriff Writes From the
East Concerning Storage
Plan.
SLIGHT CHANGE IN RULES
FOR THE COMING SEASON
Circular Recently Issued En-
Iightens Stockholders as
to Future.

That the National WOOL Warehouse o.
Storage company. in which many west
crn sheepmcn are interested, Is In gooo
condition, is the statement Of y. T. Cos
criff, president of the company, IN "a
letter received here yesterday The
letter contained circular No. Of the
company rs issued last Thursday In
Chicago. The circular is as follows;
The stock remaining in the treasury Is
now being sold TO western woolsro"ers
at SIS per share. This price represents
the value of the stock. Each snare
when accompa by CONTRACT du'S
executed entities the holder 10 SHIP an
nually not less than 5000 pounds nor more
than 5000 pounds on account oil eacn
share, at charge for storing twhieh
service shall include handling, Insurance.
and sellng) OF ! cent per pound Inc
company will not receive WOOL from non
stockholders the coming season nor enoo
ceivc from stockholders more thah oou"
pounds for each share OF stock oWneu.
This position insnres TO every sIoyknpiuei
equal advantages. No wool VIII pe nan
died for any stockhoder unless It IS G;, aG1
tually owned by him. The company wiz
receive SIS Fer share In cash and n note
for the remainder IN payment OF tne
than July 15, 1911, with interest at
per cent per annum The subscription
list for stock will close in the state OF
ming and Oregon on April 20, in the state
OF Idaho on April 30 and in the state o.
Montana on May 81. 1911. II Is the pol
Icy of this company TO welcome "oot
through n sense OF conviction and not
through expediency, or as last resort,
when wool cannot be sold. Stock will be
issued in the order in which the checks
received.
May Transfer Contract.
stockhoder who sells his sheep
may be permitted to sell and transfer
his contract and shares before the date
on which the subscription list closes
The company will endeavor to assist sucn
a stakeholder In disposing Of his shares
In order TO relieve him OF the payment
OF the storage charges. Proper blanks
will be forwarded to him upon requGst.
After the date set for closing the list
the company reserves the right to dispose
OF such shares. A stockholder who has
not sold his sheep may, by the company
his contract and shares before the date
set for closing the list. but no stock
holder will be Permitted TO transfer his
contract who has sold or contracted MS
wool.
Shipments, unless otherwise advised
must be made direct TO the com
pany in Chicago. Shippers are requested
clip will be forwarded TO both Boston
and Philadelphia, in order that each
all three markets, BY holding the bulk
OF the wool in Chicago and shipping d.
rect TO the mill when the clip is sold.
saving of freight and other expense
Will be effected.
Held in Allegiance.
Owing 10 the present unsettled con-
dition OF the wool market. due largely
to tariff agitation, II has been considered
best TO defer fixing the amount OF the
advance 30 nc made at shearing. Circu-
lars viii be scnt TO each state at the be-
ginning u: the shcarine season. advising
the stockholders in that state what
amount they may draw against their bills
OF laiing. The rate of interest on these
advances Will be equal to the rate which
the money will cost the company.
In order TO insure TO the stockhold- :
from this company, and protect them
agnDst the misrepresentation of those
who do not own shares, the list OF stock
holders In each state VIII be published
Immediately after the date set for clos
Ing the list.
NATIONAL Wool WAREHOUSE ANT
STORAGE co.
The circular states that directors OF
the company were elected as follows;
George Austin, Salt Lake City, Utah.
J, e. Bower Helena. Mont,
T. w. Boyer. Rock Springs. Wyo.
y. T.. 1OSSTlI, Itd"ilnS. NNp.
j. a. Delfelder. Wolton. Wyo.
r Fitzgerald. Chicago, III.
+. w. GoodnS, Shoshone. Ida.
NJ. r. Gwinn, Oregon, postoffce Boise,
Ida.
r G. Johnston, Rlackfoot. Ida.
a. j. Kaolln. Soda. Springs, Ida.
A. G.. Leonard Chicago. III.
+. II. Prince. Boston. Mass.
r. NJ. Shaw, Chicago. III.
J. 4. Spoor. Cascago, III.
C. 4. ThurstoM: CieD6jve. Mont.
u-nn1La-,n In,1nnIadnA-Iz Arnr