New-York tribune., 1918-05-21
Price for Wool
Clip of 1918 Fixed
By the War Board
Government Needs Come
First; Rest of Supply
To Be Allocated

WASHINGTON, May 20 The War
Industries Board has fixed the price
of the 1918 wool clip at the prices
established July 80, 1917, at Atlantic
seaboard markets on the secured
basis.
The government is to have prior
rights on the clip for its needs at
those prices and the remainder IS
subject to ALLEGATION for other uses
under the direction Of the board. AS
the needs of the government require
concentration Of wool close to points
Of consumption, distributing centres
have been approved at which wool may
be distributed only.
Centres Named
For fleece the centres will be Boston,
New York. Philadelphia, Chicago. st.
Louis, Detroit, Louisville, Baltimore
and Wheeling, W. Va.
For territory wool the centres will
be Portland, Ore, Chicago, New York,
Boston and Philadelphia.
The only exception is that clips of
1000 pounds or under may be sold by
the owner.
Fleece wool will be considered as
that grown east Of the Mississippi,
also in Minnesota. Iowa. Missouri,
Arkansas and Louisiana, also those
parts of Kansas, Nebraska, North
Dakota and South Dakota and other
localities where the same general con-
ditions prevail. All wool not so listed
will be considered territory WOOL
Approved dealers will be entitled to
gross profit in no case to exceed one
and one-half cents per pound on the
total seasons business, this profit to
cover all expenses from grower to
loading wool on board cars.
The grower is to receive fair prices
for his wool based on the Atlantic
seaboard price as established on July
80, 1917, less the profit to the dealer
as stated above and less freight to
seaboard, moisture shrinkage and in
terest. This, however, is not to be
construed to mean that there shall be
more than one and one-half cents
gross profits made from the time wool
Leaves growers hands until it arrives
at the distributing centre.
Pooling Permitted
Growers who desire to do so will
.s oe allowed to pool their clips in guam
Iltles OF not less than minimum car
ioads OF $4,000 pounds and consign
the wools SO pooled as one account
TO any approved dealer in any ap-
proved distributing centre. Growers
are urged to adopt this latter course
through county agents or others. thus
eliminating the profits of one middle
man.
In addition to prices fixed the gov
ernment is to pay a further sum equal
10 per cent of the selling prices to
cover compensation or commission TO
approved dealers for their services in
collecting and distributing wool. On
wool not taken by the government for
It's own use and which may be allocate
Tor other uses, prices will also be fixed
In accordance with July 80, 1917, values
at Atlantic seaboard markets and on
such wool approved dealers will be en-.
Titled to commission or COMPENSATION
OF sum equal to per cent of the
selling price, to be collected from the
manufacturer to whom said wool is
allocated.
Check on Profiteering.
AS gudIu against prOflteerinp the
books of all approved dealers in dis,
trlDutlng centres must be at all times
open TO government inspection, and il
it be found that their gross profits
including the aforesaid commission o1
per cent, are in excess of per cent
on the seasons business, then such
profits are to be disposed of as the
government decided. The books of the
country dealers must likewise be oper
to government inspection.
The grower is entitled to receive ar
advance up to but not exceeding rs pei
cent of the fair estimated market value
of his wool.
The commission or compensation fol
handling woods in the designated dis
trlbuting centres will be added to sell
ing price Of the wool and paid by the
buyer. If sold in the original bags thu
commission or compensation shall be
per cent of the selling price. If thu
wool is graded the commission or com
pensation shall be 81 per cent of thu
selling price.
All dealers in approved centres de
slrlng permit to operate should appl,
to the wool division of the War In
dustries Board, stating their capacit,
for storing and grading. All countr,
dealers should apply for a permit t,
operate by writing to the wool division
OF the War Industries Board. givint
name and address.
IN order to expedite movement O.
wool dealers in country districts ant
dlsI,rlnutlng centres may operate i'm
mediately in accordance with the abov,
regulations pending application 70,
and granting of permit.