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Show Woolmen Approve Of Pooling Plan The statewide wool pool organized organ-ized by the Utah State Farm Bureau and Utah Wool Growers, Inc., has reached the proportions of an established estab-lished institution in the marketing field. This is the announcement of D. D. McKay, chairman of the marketing mar-keting committee, in reporting that approximately a half million pounds of wool have now been placed in the pool and additional shipments are being be-ing mado daily. Some of . the consignments have reached the warehouse and growers have already received an advance on their warehouse receipts, according to A. W. MacArthur, fiscal agent of the committee. With approximately fourteen carloads of wool in the pool June 1, members of the committee believe that this amount will be more than doubled beforo the end of the month. There has been a relatively small movement of 1921 -wool compared com-pared to the total clip, while shearing shear-ing is still in progress in some sections sec-tions of the state. Following a recent trip through Summit county, Mr. McKay said there probably would be four or five cars of wool from that locality for pooling. One of the largest clips to be placed in the marketing pool was a crop of fine wool from the northern section of the state, on which the grower desired, de-sired, no advance. According to the committee chairman, this grower said he recognized in the plan the best method of marketing wool with prospects pros-pects of the most advantageous result to the producer. "Growers who place their wool in the marketing pool are receiving a temporary advance to tide them over until the wool reaches the warehouse," ware-house," said Mr. McKay. "The advance ad-vance bitied on their warehouse receipts re-ceipts is from eight to twelve cents per pound, from which is deducted this preliminary advance in case such temporary loan was secured. The freight charges and coBts of handling, han-dling, grading, storing and insurance are carried Without expense to the grower until such time as the wool is sold." Reports continue to come in of sales from eastern wool pools at prices considerably (In advance1 of the open market price offered growers grow-ers in Utah. Under date of May 27 the Michigan State Farm Bureau reports re-ports .a sale of 50,000 pounds of short staple fine wool at 23 cents and 20 cents for half blood clothing.Hhe sale being made direct to an eastern mill It is contended that these wools on the open market would not have netted - the grower more thtan 12 cents. Members of the marketing committee commit-tee feel that as soon as the quantity of Utah wool has reached a point sufficient to interest large, mill buyers, buy-ers, early sales will be made from the pool During the past few days, according ac-cording to members of the committee, several growers in southern Idaho have signified their desire to market their wool through the Utah pool. |