Show I Disruption of Wool and Hide 41 M MarVet ar et Causes Huge Losses To Utah Commission Dealers Unable to Withstand Period of Financial Distress Ma Many y May Be Forced to Wall TAIl UI sheep and stock tock men and wool and hide commission dealers denIers UTAH U UT stand to l lose se thousands if not millions of dollars during the tho present and ensuing two tWI or three years ears because of the practically total disruption of the wool and hide markets Many Man Salt Lake flake concerns engaged in the handling of wool and hides have hav already ar ad pocketed losses running well up into the thousands thousands thousands thou thou- sands an and according ing tl to experts epert on market and selling conditions generally gem there seems to he be no relief in sight this year or even next The total oblivion of ral well known concerns is believed imminent and others are arc fighting with their thir backs against the thc wall with market Those ThoM fully tully conversant t conditions free se e no relief relict for wool and hide men for tor from two to five fie I years said John McCarty manager r of oC nl Bissenger Bis- Bis Co prominent dealers In wool hides and tallow South Third West Vest street No o wool or nr hides s have havo been sold for tor wc weeks ks There Is ab absolutely absolutely ab- ab no market markt and jio no relief In sight RELIEF NOT IN SIGHT According to Mr tr McCarty relief will come only when th the big manufacturers of ot finished products requiring wool and hides have ha used tho the big ble stocks of raw products they have hae on hand These stocks purchased when wool and hides were selling at top prices priors must b be consumed consumed con con- by b the manufacturers before further urther supplies 5 of ot raw materials are bought ht and this moans at least two y years of ot waiting unless the figures of experts government So anti and otherwise arcIn arc arcIn arcin in error That there will vIll be no considerable decrease in the cost to the consumer of clothing shoes and other products using wool and hides until the tho manufacturers manufacturers manu manu- rs have havo disposed of oC their preset present t stocks of ot raw materials seems a foregone foregone fore fore- gone sont conclusion Thc They are arc refusing to buy now at any price and except in Isolated Instances have considerable raw materials in their warehouses ses I NO HIGH COST DECREASE I Tho The great increase In the thc Importation of wool and hides s and the unprecedented decrease In the exportation 01 ox finished sole leather and amI other manufactured manufactured man man- products Is la another important important import Import- ant item toward the tho disruption of oC market market market mar mar- ket conditions In 1920 1 pounds of hides were Imported as against In 1919 For the themo same samo years the Importation of or calf skins was and pounds In June 1920 only a little over pounds were sent abroad Instance after instance Is cited cUed of ot local concerns buying wool and hides last spring at high prices and being forced to sell at half the prices paid and even en less lees One Salt Lake company bought wool at 60 cents a a. pound last Ma May and sold part of oC It for tor 30 cents and the balance at 20 cents per pound I Four carloads of oC sheep pelts were purchased purchased purchased pur pur- chased by the same samo concern at 38 to 40 cents per pound and sold recently for Cor or 15 and 8 per pound This concern lost on those deals alone Many fan throughout the state sold their wool to a big Eastern comI commission com corn mission house houe at around 10 70 cents per pound but in all but two instances I their checks were returned unpaid Many lallY farmers CarmerA lost heavily in tho the transaction transaction transaction trans trans- I action and others found round themselves in inI I dire straits because of ot having spent I I the proceeds of tho the suppo supposed ed sale in inI I advance I |