Show WOOLEN MANUFACTURERS ARE SAID TO FAVOR CENTRAL STORAGE PLAN The eastern woolen firms and the east eastern eastern ern em wool buyers are heartily In favor of the establishment of wool warehouses in Chicago This rather unexpected statement was made to a representative of The Herald yesterday In the Commercial club rooms by a n wool buyer buer for Cor a Boston firm to whom he was Introduced by b a local rep representative representative of the Chicago Milwaukee I St Paul railway He continued as an fol tol follows tollow follows lows low lowIt It Is to the best Interests of ot the east eastern eastern ern era mills to have such a storage ware warehouse warehouse are house in Chicago as the western wool men propose They hope It will be established established established and the reasons are tery 10 simple Under the present system the eastern mills have to tie up their money In buy buyIng buyIng buying Ing wool in smal clips at considerable expense and trouble being obliged in inmost inmost inmost most instances to buy up great quantities quantities quantities ties so as to have hae a whole years ears supply on hand They The are taking risks in this as their money is ts thus tied up for a along along long interval of time and a slump In the market makes It often disastrous Under the warehouse plan the wool can be pur purchased purchased purchased chased as needed In Chicago at prevail prevailing prevailing ing market prices and there will ill be no non necessity n for tor long trips to the western states at great expense and trouble Money Ione that would otherwise be tied up in large largs lar quantities of wool can be put putto putto putto to work and a slump in the market would Involve no big losses to manufacturers manufacturers The Thc semo Is a good one for forthe forthe forthe the manufacturers and just because It Itis ItIs itis is a good proposition for the mills is one reason why I do not think it will materi materialize materialize materialize alize The buyer buer here quoted stated that while he was waa not buying wool extensively from Crom producers at present he found many clips for tor sale by b producers who did not fa favor faor favor vor or the warehouse plan He said sales to eastern buyers were being made every everyday everyday everyday day In this state In Idaho Wyoming and Montana and said that the largest buy buyer bu er cr one for a Boston firm had purchased recently in this state and in Idaho pounds of ot wool |