The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-06-10

Fl. H.. Pigott, secretary of the Mon
tana Wool Growers Association ha:
issued the following circular to WOO
growers:
Marketing.
Since the last bulletin of this asso'
citation, a contract has been entered
into with the National Wool Ware.
house and Storage Company of Chi,
cago for storage, handling and sale
of the 1921 woods of members and this
association, without additional charge,
is prepared to take care of any of its
members woods under this contract.
Members Marketing Agreement en-
bodying the terms under which the
wool is to be shipped and handled is
herewith enclosed. Any Member of
the association desiring to do so may
have the benefit of this arrangement
by executing and returning the Agree
ment, which is drafted in accordance
with the resolutions adopted at the
meeting held in April. All wool grow
ers are urged to become members Of
this Association, and all members are
urged to join in this cooperative
movement by signing and returning
this agreement as only by thus unit
ing can full results be realized.
Advances.
For. some time there have been I'M
der discussion plans for the proper
financing of the 1921 wool clip through
Montana agencies to the end that the
wool grower would not be forced to
seek aid from speculative wool in
terests; and within the past few days
these plans have crystallized and are
now in definite shape. A group of
patriotic bankers drawn from widely
scattered wool districts of the State
have come forward with the proposal
to the banks of this state to cooperate
for the benefit of this industry and
have submitted to all banks interested
a definite workable plan. 1t is pro-
posed to organize among the banks of
the state a Bankers Wool Acceptance
company with ample capital for prop
erty protecting the wool clip of this
year by advancing to the wool grow
er at shipping time approximately ten
cents per pound on his wool. The
Acceptance company will arrange for
its advances through the wool grow
er's local bank. Full details of this
plan are now in the hands Of every
bank in the state and wool growers
may obtain details by application to
them. 1t is not proposed to confine
these advances to members of this
Association.
In cases where members of this AS
ISOLATION have signed the enclosed
Marketing Agreement and then decide
to obtain advances through the Ac-
ceptance company, the control of the
sale of the wool will be re~linquished
by the Association and placed under
the control of the Marketing COM
mittee of the Acceptance company,
which committee is to be composed of
three bankers and two wool growers,
the latter to be selected by this Asso-
citation so that the supervision thus
constituted will amply protect the
wool grower and should assure his
obtaining the best results possible.
This Association will not undertake
to make any advances on woods of the
1921 clip; but will lend it's services to
and assist it's members in ay way with
in it's power.
Looking forward confidently to the
favorable action of the banks in sup
porting the plan of financing as now
proposed, it is suggested to each wool
grower that he refrain from disposing
of his wool at this time by either sale
or consignment as the plan proposed
will PROFESSIONALLY furnish him reas-
enable advances; will permit him to
place his wool in the hands of his
own agents for disposal and under
supervision of those who have his in
at heart; and where advances
are had his obligations will be in the
hands of his local bank.
Tags.
1t is suggested to the wool grower,
that he tag his wool carefully and
sack separately, as perhaps, owing to
the heavy freight rates now prevail
ing it may be found Improbable to
ship tags at all this season. 1t may
be that these will have to be held and
effort made to scour and dis
pose of them later. Further advice
on this will be given later.
Shearing.
At its meeting held in April the
Association recommended that charges
for the 1921 clip be at the rate of
nine cents and board for hand shear
ing and ten cents and board for ma
chine %shearing. In some localities in
the State shearing has been arranged
for at these rates by utilizing local
shearers. These rates have also been
accepted by some outside shearers and
some contracts have been let on these
There should be no difficulty
in securing shearers at rates set by
the Association.
Truth in Fabric Law.
Petitions for initiation of this law
have been prepared in accordance
with the resolution of the members of
the Association and will soon be sent
to each county in the State for the
purpose of obtaining signatures. 1t
is hoped that all the wool W
see to it that this beneficial law
is generally signed and that when it
comes up for passage it will receive
general support.
Wool Prices.
There is some improvement shown
in both the demand and prices obtain
ed in the east for wool. The mills are
gradually increasing their operations,
a more active buying spirit is shown
and with the passage of the Fordney
Law it is agreed that the situation
will be much improved, and it is
thought that when fine Australian
woods are no longer available, the de-
mand for Montana woods will be
greatly stimulated. The last report
of the Bureau of Markets at Washing
ton, dated May 18th, says:
"A o of general improvement is
in the wool market since the
last issue of "Wool Notes" under date
April 30. Notwithstanding that