The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1920-07-15
Estate FEDERATION
OF WOOL GROWERS
Sheep Men Find Poor Market for
Their Wool and Situation is Ser.
iOus-Must Do Cooperative
Marketing.

The sheep shearing season will soon
be over and we will be placing our
wool on the market, but there is no
market. The situation confronting
us at this time is serious one. To
dispose Of the clip now will mean
heavy loss to the producer. There is
one means remaining by which we
may profit and that is cooperative
marketing.
! There are now twenty-five local or
county Wool Growers Ass'ns in the
state. The Agricultural College is
sued call to the presidents Of these
Associations for I meeting at Fargo,
on July End, to consult with the Col
| lege and with Mr.. Dohle and Mr..
Muerch of Washington who represent
the Federal Bureau of Markets, for
! the purpose Of analysing the wool
situation and forming plan of mar
keting. The first action of the rep
resentatives assembled was to form a
State Federation Of Wool Growers
Association with seven directors-J.
A. Powers, Leonard, was chosen pres
ident, and John ,Haw, Fargo, secre-
tary-manager. All the local asso-
Citations are asked to join this Fedora
ton and work comparatively for NUT
ual interest Of their members.
! Three plans for marketing the 1920
clip were proposed and thoroly dis
cussed. Q) To store the wool on the
farms and ranches until the market
is stabilized. (2) To store the wool
at some point or points in the state
subject to sale by the Board Of Dir
ectors. (3) To ship the wool to the
National Wool Warehouse and Stor-
age Co., Chicago, subject to sale by
the Board of Directors.
The only reason for the present de-
moralized wool market seems to be the
inability or unwillingness of Eastern
banks to finance the purchase as in
past years. The Bureau of. Markets
estimates that the present surplus of
wool is only little more than of
1919 and that this supply for normal
facturers over 9 months. 1t is the
general practice to have one years
supply available in storage. During
the last three weeks in June, some
individuals disposed of small clips at
prices ranging from 12c to 25c per
pound. |
These prices do not represent the
actual value of wool as the spot cot
ton market on July LIST was 38c per
pound. What change in prices the
next few months may bring no one
cared to predict. ;.
There are at present about 285,00O
sheep in the state that will yield
a clip Of over 100000 pounds. A
major portion Of this will probably
be sold collectively. 1t will be diff
cult under present conditions to at
tract Eastern buyers to offer bids on
wool-pools that would give satisfac-
tory returns. y,
The plan adopted by the repre-
sentatives at Fargo was to send a
delegate to Chicago to confer with the
National Wool Warehouse and Stor-
age Co., and enter into a contract
with them similar to that of the Iowa
fleece Wool Growers Association. The
wool would be shipped to them for
storage on warehouse receipts and
they would advance rs per cent Of the
appraised valuation until suitable
market obtained. Mr.. John Haw,
Fargo, was chosen by the directors to
analyze the situation and possible con-
tract and report within the next ten
days to the locals and county agents.
The following officers were elected:
J. A. Powers, Leonard, president; H.
w. Green, Leal, vice president; c.
Ouradnik, Burlington, treasurer; w.
w. Keltner, Williston, DR.. A. j.
Jameson, Sentinel Butte, Joseph Nor
rison, Drayton, S. Coffell, Monango.
A special meeting Of members and
prospective members of the Mouse
River Wool Growers Association is
called for Tuesday, July 20, at 2
o'clock in the Association Of COM
merce rooms, Minot, for the purpose
of marketing the wool stored at Mi
not by the Association and decide on
it's affiliation with the State Fedora
ton.