South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-08-22
ST. JOSEPH COUNTY
FARMERS AGREE TO
POOL WOOL SUPPLY
Accept Bid of Michigan Or.
ganization at Meeting Held
Here Saturday.

ST. Joseph county wool growers
WILL pool their product through the
wool department OF the Michigan
farm bureau
This was definitely decided at
meeting Of the wool committee OF
the county farm bureau yesterday.
The Michigan organization was adj
vised Of the acceptance Of II offer.
and an expert grader IS expected In
South Bend the latter part Of this
week 20 begin work.
The plan OF operation was ex-
p-ained by =. Q. Bird. county farm
agent. He said farmers Of this coun-
Is would participate in the basis and
in the same measure OF benefits as
those az Michigan Fifty per cen,
q the estimated value Of the pro-
duct WOULD be paid to each grower
on delivery and the balance when
it was marketed. 40 interest on
the advance VIII be charged, which
is wide departure from former prac-
tees. 10 was declared. Grading viii
be done in this city. and as far az
possible the wool viii be handled
b. local mills IL was pointed out
that the benefits accrulng from the
system would be Of unusual and
manifold advantages TO growers. the
mills and the community generally
IN other words. It not only means
the elimination Of freight and stor-
age charges, but that money deriv-
ed from the sale OF the wool Will be
retained IN circulation IN this COM
munity I'm which practically every
line OF trade will more or less par
ticipate
Pooled Wool Last Year.
Ont member told the committee
that spectators and buyers offered
IN his neighborhoOd during the last
week as low as 10 cents per pound
for staple wool. while the top figure
was Is cents for the grades that
was bringing eyom 81 20 80 cents In
the large market centers. He ar
gued. that the so per cent advance
paid by the Michigan organization
would be far in excess of the fiat
price rendered By buyers, and that
hardly any contemplated market ac-
ton could create a situation whereby
growers could lose.
Farmers OF this section pooled
their wool last year and shipped it
20 a Chicago concern. More than
a year has elapsed and they have
not received final settlement. When
this is made it will be found that
storage and other charges for the
period during which It was held will
be indicated on the accounting sheet
was the declaration of another
farmer. Under the proposed method
deferred payments viii not drag
over months, but the wool will be
closed GU TO mills direct to the best
advantage Of growers.
Michigan Plan Popular.
Considerable wool is manufac-
tured into blankets, cloth, automo-
bile robes and other articles by
Michigan mills. which farmers ave
privileged TO purchase at a fixed
rrice. Funds realized from such
sales. over the cost Of manufacture
and handling. are distributed among
growers.
Il was apparent from the sent
mcnt expressed az the meeting that
the Michigan plan had struck n
popular and responsive chord III
that il was both practical and
profitable. A particularly pleasing
and satisfying principle Of the
method was the fact that farmers
see an increased spending power
coming from a source that might
not have been available at this time,
II former selling customs had o.
tanned.
While no exact estimate could be
made yesterday covering the amount
OF wool which will be sold in this
country enough was pledged. how
ever. 10 insure first shipment
ranging anywhere from 5000 70
10000 pounds In event the sys-
TEN works out as well here as it
has I'm Michigan, farmers intimated
that possibly other products would
De marketed along similar lines.