The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-18
Begin to Sell After Holding
100000 Pounds Of Wool
More Than Year.
PRICE IS BETTER THAN
AT TIME CLIP WAS MADE
Product in Storage in East Will
Net Growers Between $780,
900 and S175, 900.

After holding over a million pounds
of wool in storage in Boston for nearly
a year in hope that there would be an
advance in price, Utah woolgrowers are
now beginning to sell.
According to G.. B. Stewart, secre-
tary of the Utah Woolgrowers associa,,
tion, the first of the wool to he sold
since the growers began to hold out
was disposed of this week. The price,
while not nearly as good as had peeh
hoped for. was much better than the
growers would have received II they
had sold in the spring, when the wool
was clipped.
il has been and most of the growers
have decided that now is good time TO
sell 1t is probable that the entire
amount of wool IN storage now VIII
net the owners between $15Q,00O ana
$l75.000 The prices of the various
grades of the fleece have increased ana
range all the way from IA to % cents
a pound.
In Field for 1911 Clip.
The eastern buyers are already In
he field for the 1911 clip aud, 1t is
said. have contracted a large amount
The average price paid for the com
ing clip. is is cents, which is said to
he less than the average prlce year
ago, when the Utah growers and those
Of other western states were making a
stand for the central storage plant IN
Chicago.
Many of the Utah growers did not
icn Ia the move for the central stor.
age plart and contracted their wool
early. 1t is said they got exceptionally
good rriccs for the clip Others. II Is
said held out and in the spring shipped
their clip To Boston, where 1t was
laced III storage 10 he held until bet
;cr uices were offered. The prices
coutinued low until recently, when they
began % increase slowly. The near
appl uach Of he 1911 clipping season
has caused many Of the sheepmen 10
desire 10 get rid OF their last year $
G - before getting another on their
bands, With the price better than II
,as been. the opportunity is being takeu
advantage OF.
- 80 the poIicv OF the Utah grow
ors thi; wear nothing is known, but Ut
i uohable that there sill not be a
repetition OF the storage plan. 1t Is
said many os the growers who joined
in the storage plan last year are now
contracting their WOO! with the buy
crs, to he delivered as soon as clipped
Release Net General
But the move ON the part of several
of the sheepinep TO release their stor
cral move. There are some of the
shcepmcn who are still holding out.
The storage company in the east ad
vanccd the sheepmen 60 per cent of the
value of their wool and that has en-
abled some of the larger owners to
keep their clip in storage. II is said
that MANY of these will not release
their wool until the price raises to
where thew think it should be.
As to the amount of wool sold from
storage Mr.. Stewart does not know. but
he says there is largo amount of IT,
Regarding the price of WOOL il is said
some of the sheepmeD are a triflc du
bious abou. schedule *, which has to
do with the wool tariff. 1t is said
that if the tariff is reduced 1t will
bring the price of western wool down
quickly, and that is one of the rea
sons also for the breaking up of the
storage proposition.
The woomcn are hoping and almost
praying that the tariff will not be re-
duced, bat despite their hopes and de-
sires there is lingering doubt III the
matter which has helped in the release
III storage wool.