Show I Reaching a Tf War ar Basis P RESIDENT F. F J J. J HAGENBARTH of the National I L association urges the adoption of a n sound business principle when he asks the to abandon the practice of selling their clips in advance of or production The practice is a n guess against the future which at best gives gins the time of the bargain to the thc producer T c brokers reap the advantage of changed conditions in the thc measure that they hold control control con con- over the tho seasons season's output Our entry into the world war probably has hIlts sery d to impress s on the the losses entailed in dealing in futures although h tho the dangers of the thc practice had been cited before The business of the tho will assume assume as as- sume sume a firmer foundation as elements clements of speculation are oro eliminated The will reap the benefits of their industry when the they exercise control control con eon over o their products in all the business channels 2 Because of the uncertainties ahead of the industry lr and the nation the present meeting of the may bo be regarded as one of or the most important in the tile tileS S history of the tile national association For years the wool- wool growers have exercised vigilance to protect their interests interests interests interests' in in- against destructive legislation but the they have never never faced a n more moro uncertain future than they do to to- to day fool ool and meat are arc among the chief demands of the nation in war which places an important dut duty on the men gathered in Salt SaIt Lake While the demands are arc plain tho the conditions surrounding surrounding sur sur- rounding production are arc not so clear New and conflicting con eon fueling regulations are applied to tho the industry almost Saily aily aily with the result that the tIm producer is not entirely i free from discouragement from those demanding the thc most of them The Tire must keep their heads clear I if they measure up to the task assigned them in the time I midst of this confusion They have ha pledged themselves e S to do their utmost against German Gennan autocracy and we weI c I La have Cave C reason renson to believe thY they will In view vic of pf the tho c conditions confronting the tile woo grow grow- it is not surprising to learn that the they arc laying laying- their plans for an industry which cannot be he conscripted mi middleman will wilt always ho bo a by b time the speculators The necessity fort for the time grower seeking to market his product that the association act net profitably profitable H Jt is proposed middleman for the time producer This would assure as a the grower the advantages of economic changes I Inov now flOW go co to those who contribute nothing to production I r fa Jr PCS Fa |