Salt Lake Tribune | 1916-12-20 | Page 20 | All Records Broken in the Sale of Wool

ALL RECORDS BROKEN IN THE SALE OF WOOL Wood Livestock Company Sella Its 1917 Clip for 39 Cents a Pound. x ! The highest price paid for -wool daring the past fifty years Is said to apply In a contract recently consummated by H-C. H-C. Wood, general manager of the Wood Livestock company of Spencer, Idaho-, with Eiseman & Co. of Boston, Mass., for the company's entire 1917 clip, amounting amount-ing to approximately 750,000 pounds. Announcement An-nouncement of the deal was made by Mr. Wood in Ogden yesterday, and the price to be paid is not less than 36 cents Per pound, or approximately $270,000 for the clip. According to Mr. Wood, the final details of the sale were arranged several days ago with Jesse Good fellow, Utah representative repre-sentative of the Boston wool buyers. The minimum price, said to have been stipulated stipu-lated in the contract, is 5 cents higher than the best price paid for any 1916 clip and establishes a new record for the wool Industry, in that tho contract applies to wool which will not be taken from the sheep until next spring and delivery will not be made before the middle of July, 1917. It Is seldom that a wool clip is ever contracted for at this early period, and the action of Eiseman & Co. Is explained by the fact that the forthcoming clip of the Wood company is said to be the largest individual wool clip in the United States and Is also considered by the wool buyers to be one of the best. There has been considerable activity among the buyers, in view of the present shortage of wool, to obtain a contract on the Wood Livestock company's clip, with the result that the Boston concern outbid the others. So far as known, there has not been another contract entered Into throughout the country for any 1917 clip.