Salt Lake Telegram | 1920-05-15 | Page 2 | Wool Industry is Declared near Ruin

WOOL INDUSTRY T f I is DECLARED D NEAR Large Crop and High Prices Only Hope Says National President nt of I Cattle Cattlemen en Also Hard Hit HitT HitI T I UTAH must get a 1 large crop of w wool ol a and ld b be beable beable able ble to s sell it at t the very best prices or or the sheep industry in inthe inthe inthe the st state fe will m be be fin finished shed Th This s was th the statement today of ot Frank J J. I Hagenbarth president of ot the National association Just before taking a train for Chicago The cattlemen are In even worse straits than the Mr Hagenbarth asserted They have pave been compelled to go through two winters rs rolled into one one this year year from from m last October until April with April with heavy snows and scarcity of feed fed and their feed bill is enormous The The severe winter also caused the loss through starvation of thousands of ot cattle Even at the very ery ery b best st prices sheep sheep- men can hope for foi this year they will not be able to make any profit on their clip cUp The best that they can do will be beto beto beto to break even In fact it begins to resolve Itself into a question of ot how much they will lose There i is little relation between the price of ot wool and the price of clothing clothing cloth cloth- I ing Mr Hagenbarth stated The cost II of ot the wool in a suit of ot clothes is less than 10 O per cent Other elements that contribute to keeping clothing at its I present high level are high cost of ot labor high prices charged by the distributors distributors dis dis- I fo the wool and arid profiteering 1