The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1922-03-31
WOOL GROWERS ENDORSE
TRUTH IN FABRIC BILL
Must Stick With Cooperative Methods
of Marketing to Insure Profit
to Growers.

Cooperative methods of marketing
wool r just as necessary today,
when conditions are somewhat more
favorable, as they were a year ago
when the wool growers faced a two
fold crisis-low markets and exhaust
ed bank credits. The wool growers
last year eagerly took advantage of
the cooperative plan which, with the
assistance of Montana bankers and
banks in Chicago, resulted with prof.
its to the growers, as hundreds of
them testify. 1t was the way out of
a rotten situation. This year, ow-
ing to a wool shortage in the United
States and abroad, the situation af-
fecting the grower is somewhat more
favorable; but it will continue so only
by the growers taking full advantage
of their position, which they can do
only by storing their wool, with fl
nancial banking assistance as in last
year, and ordering their product re-
leased gradually at prices profitable
to them. This shortage and banking
plan is an interdependent arrange
ment, for obvious reasons.
The foregoing was emphasized by
growers and bankers at the annual
meeting of the Montana Wool Grow
ers Association, held here a few days
ago. Among the speakers were Geo.
X. Reeder of Craig, J. l.. Rapstad of
Big Timber, Mr.. Pauly Of Deer Lodge,
Arthur Ward of the Miracle Com
pany of Helena, Jeff Doggett of
Townsend, and J. H. Carmichael of
Augusta, prominent growers; T. A.
NARROW and S. McKennan, bankers of
Helena and officers Of the Montana
Wool Acceptance Company.
These and other growers testified
personally to the benefits derived
from the plan of cooperative storage
and marketing. and declared that
they would adhere to the plan this
season, instead of dumping their
wool on the market at whatever price
they could get from eastern commits
sion buyers during or after the shear
ing season. Reports in the conven-
ton were that numerous
would come into the plan this year.
Among the growers reporting fav-
orable experience in dealings with the
Warehouse and Storage Company in
Chicago. a company owned and on
trolled by western growers, was Ar
thur Ward of the Miracle Company
of Helena. This company has consist
emily shipped to the Chicago ware
house 10 years, and returns have av-
eraged for that period 3 cents net per
pound over the yield had the clips been
sold to buyers.
The growers endorsed the truth-in-
fabric bill and urged Montana men,
bers of Congress to give it their sup
port, also the bill now being init
ated in Montana truth in fabrics;
asked for an internal revenue tax of
not less than Is cents a pound on
shoddy; endorsed the national wool
growers associations action on the
tariff on wool; recorded appreciation
for the earnest and unselfish efforts
of Montana bankers in behalf of the
growers; asked for reduction of the
rental basis on state grazing lands;
asked state legislation for extermina-
ton of predatory animals; urged Mon
tana congressman to support the bill
extending the existence of the War
Finance Corporation; endorsed the
National Wool Warehouse and Stor-
age Company, and urged all growers
to ship their wool to this Company.