Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1920-07-15
MARKETING THE 1920 WOOL CROP
Stutsman County Farm Bureau News

Stutsman County
In previous yearsitShas been the
custom in several counties in North
Dakota and in many counties of 9th:
er states to assemble their wool in
car load lots at various points in
their county, storing the wool in
the original sacks, advertising for
bids and selling for cash to the
highest bidder at the time of loading
out.
This was the plan that Stutsman
county wool growers had decided to
adopt. Three assembling points had
been decided upon and arrangements
for storage had been made at these
points. Two cars of wool were linei
up at Woodworth, one At Kensal and
one at jamestown. The car at Ken
sal had already been assembled.
During the last two weeks it has
become apparent that no buyers will
be in the field for considerable time.
Wool pooled at county points would
probably be on the growers hands
for six months or more before it
would be bought and moved.
The slump in the wool market is
attributed by those qualified to know
not to an .oversupply &of wool but
simply to tight moneys land our pres
,ent; system Of marketias. ~ gre.-
vious years the WOOL market at this
time of the year has been made by
spectators, as one years supply IS
usually bought up by them and held
for an advance in price. Many COM
mission men have entered into this
game of speculating in wool and
many nice profits derived on our
wool before it reaches woolen mills.
Under the pooling system many OF
these com missions would be cut off.
Hence there seems to be tendency
on the part of buyers to break down
the new system and tempt us to
return to the old system. There IS
also the scarcity of credit to be OBJ
tanned from eastern bankers. For
these two reasons farmers are left
with no immediate market for their
wool.
Tho Fargo Meeting
On July End a meeting was called
by the Agricultural College, Fargo
to decide what course of procedure
would be best to follow. Represen-
tatives from II of the;24 wool grow
ers association in the state were
present. Their first action was to
organize a North Dakota State Fed
Grafton of Wool Growers Associa-
tions with seven directors, namely
J. A. Powers, Leonard, President;
H. w. Green, Leal, Vice President;
G. Ouradnik, Burlington, treasurer;
John Haw, Fargo. secretary-manag-
er; DR.. A. J. jameson, Sentinel
Butte, Joseph MORRISON, Drayton. 3.
Coftell. Monanso, directors.
Three plans for marketing the
1920 clip were discussed:
/. TO store the wool on the farms
and ranches until the market is sta
bilized. ts
3. To store the wool at the assem-
bling points in the counties or at
some central point in the state.
8. TO ship the wool to the Nation
al Wood Warehouse and Storage Co.,
Chicago. subject to sale by the direc-
tors Of the State Association.
After a thorough discussion Of all
the SLAMS, the last one seemed more
feasible, for the following reasons:
/. Many farmers In the state do
not have suitable places to store the
wool on their farms. Mice and rats
do much damage to wool. Leaky
roofs and damp storage places may
cause great losses. Buyers will soon
get into the field and induce many
TO sell at . lew price and thus caHse
q return to the old system.
q. Many counties Will ind It Diff
fcults to get . gsod storage place and
no suitable warehouse seemed to be
available as = state storage place.
3. The Chicago National Wool
Growers Warehouse! 8 owned ana
controlled BY wool growers. It Is
located where the wool II easily ac-@
cessible to buyers. With sale ohices
at Boston and Philadelphia as we'll
as sc Chicago they are better able
to inta prst market conditions than
could IS possible for agencies exist
ting IN Fargo OF Other points in this
stats. sThsy have tter fsoilities
ID ~ ding. kssping resords and for
1lcEin9s sShSn ~ san 4 tbly# arrange
fOr thi = - . 1ltjeYs ok 1lortts