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Show oo HOPE FOR FINANCIAL RELIEF FOR SHEEPMEN SALT LAKE CITY, June IS. Confidence Con-fidence that the financial situation involving in-volving wool interests will be satisfactorily satisfac-torily adjusted following conferences In Chicago was expressed by repre- j sentatives of the National Woolgrow-ers Woolgrow-ers association yesterday. Government Govern-ment officials, bankors antl woolgrow-ers woolgrow-ers aro expected to arrive at definite conclusion regarding the wool sltua-t.on. sltua-t.on. i The plan now under consideration is to have Chicago bankers, assisted I by bankers from other cities, finance I the wool crop, transferring the market I from Boston to Chicago. The local situation regarding wool was In a fair way of being relieved, the plan contemplated con-templated being the storage of wool in warehouses whero Jiegotiablo receipts re-ceipts could be obtained and discounting discount-ing such paper at the banks. The plan had been go far worked out that the federal reserve bank had given Its up-j proval to the plan. |