The Denison review. [volume] (Denison, Iowa) 1867-current, 1920-06-30
WOOL MARKETING
VERY UNCERTAIN
Crawford County Wool Growers Have
Not Set Date for Loading and
Shipping Out Wool.
Private Buyers Offering From Is to 40
Cents for Woods That Sold for so
to 10 Cents Short Time Ago.

| Crawford County will growers so far
have not set Il definite date fer loading
and shipping out their wool. Every
day the farm bureau office receives
calls as to shipping. wool prices. and
the activities OF local wool buyers.
There is no wool market at this time
Private buyers are offering from rs to
Acc per pound for wool that sold only
u short time ago for so to 7Sc per
pound. The following article taken
| from the Breeders Gazette explains the
wool situation:
1.-The wool market has ceased to func
ton. The financial situation, sacrifice
sales of clothing, cancellation of orders
for fabrics and curtalment. of activity
in mill circles are factors adverse to Il
healthy wool market. Growers face
the prospects Of carrying their clip I'M
til the trade comes to life. The inabil-
ity of Boston banking interests to fin
ancc the western growers has had Il
bad effect. The meeting of some hun
bred growers, bankers and others in
terestcd in the wool clip was heldEin
Chicago last week and a committee
was appointed to confer with the Fed
eral Reserve Board ut Washington on
Monday, June 21St., in an effort to pro-
vide adequate means of financing tho
seasons clip. c.. G.. FaWcett, now Su-
pcrintendent of the Fleece Wool Di-
vision of the National Wool and Ware
house Storage Company in Chicago.
makes the following statement: 1.-The
fleece wool states, many of which have
pools. are in pretty fair shape, rela-
lively speaking. to wait for their mon
cy, but the western grower in many
cases is right up against it. With all
the dead wool out there, Improvement
in tho market is hopeless. If the wool
can be moved, or the growers can be
financed SO that they will not have to
sell for a mere song in order to save
themselves from ruin, the wool mar
kct is bound to improve and the MIDI
western growers will benefit thereby.
There is no reason on earth for the
present slump in the market except
the tightness of money" says Mr. FaW
cett. "British woods have not declined
as our clip has here, and the wool con-
sumption of the mills is at Il high
point. But money is hard to get and
this works against the man who wants
to buy, as well as against the man
who wants to hold for a better time.
THE whole point of DoOlin" wool is
to feed the market instead of forcing
it. Anything which can be done to
improve the market will benefit those
who have wool to sell accordingly"
ST. Louis prices run from TIC for
coarse braid wool up to 40 and 45c or
fine staple. Boston quotations vary
from 80 to S5c for fine staples to 2S
and 30c for low quarter blood and braid
woods, with * blood staple quoted at
Sc and 5Sc. Both of the markets, how
over are purely nominal as no wool
is moving Country bids have run
from 20 to 35c' with soc probably the
average as far as reported.
Kansas growers who had fifty car
loads pooled recently refused all bids
and consigned theawhole amount to the
Iowa Fleece Wool Growers Association
Enid Oklahoma, reports ten cars pool
cd and only one bid made and that for
only zoe Il pound. TO date only little
wool has been sold locally. Mr.. Carne
han reports near 10000 pounds in the
local pool from 100 odd consigners. One
car will probably be shipped in a week
Or ten days.
There are a lot of wool men in Craw
ford county who have made no effort
toward the marketing of their 1920 clip.
If they are interested ir making Il price
for their product. they should notify
the farm bureau Office.
Tom G.. SOtne. State Wool Marketing
Specialist states that Iowa will market
over two million pounds through the
state association. Other states have
adopted the Iowa method. he says. and
it now looks as if the wool market will |
be shifted from Boston to Chicago. The |
wool men are marketing their wool !
through the Fleece Wool Growers AS
SOciatiOn, direct to the cloth manufac-
turcr at a cost OF 3R cents per pound. |
To those desiring to use the Sioux |
City Cutoff. drive to the Review corn. |