Show WOOL WAREHOUSE EXPLAINS PLANS FOR CLIP salt lake luke jan 23 after spending the week in salt lake where ho he cania IQ attend the annual convention co anven of the national wool growers association M staff of the national wool warehouse and storage company haa has left jett tor for wyoming and will within a few days return to bis his lead headquarters Quarters in chicago mr staff vaa was one of the speakers at the recent convention and also baa has been in consultation with representative wool growers from various western states his special purpose in coming to salt bake lake was to meet personally the sheep men in attendance at the convention many of whom are among the growers who have consigned their wool to the national tale this institution was formed by the wool men several years ago to hold bold their clip in storage until a favorable market presents itself thereby avold avoid ing the necessity of the growers accepting whatever price be he may be able to secure at the time of shearing to finance grower mr staff was invited to appear before the convention and explain a new now system of financing the western sheep man in handling his wool clip by utilization of bills of lading acceptances cep and negotiable warehouse receipts through this system it is designed that the grower can be assured available money from the time his hill wool Is loaded instead of ot having to wait walt for ad advances vances or uncertain eales sales of the product it Is asserted that themester them the western estem grower under this system will be tar less dependent than he now is on the whims or circumstances of the boston dealers one of the recent moves whereby it Is hoped to facilitate the handling of future wool clips in the organization of the holliday wool storage company this Is an adjunct of the national and Is controlled wholly by it the se corporation being formed to facilitate tho the operation of I 1 the two branches ol 01 the business storage and selling tho the holliday corporation Is named for or mr bir john D holliday president of the national he Is a frequent visitor in salt gait lake and la Is widely known throughout tho the west the organization will be b con ducted under the provisions of tho the new federal warehouse act holding the first tour four licenses issued under the fret act inasmuch as owing to the wool slump this year the handling of the 1921 clip will prove a problem in which storage will be nn an import ant item all the sheep men of tho west are looking into the subject with unusual interest |