Evening Republican, Volume 23, Number 147, Rensselaer, Jasper County, 18 June 1920 — TO MAKE CHICAGO WOOL CENTER OF AMERICA [ARTICLE]

TO MAKE CHICAGO WOOL CENTER OF AMERICA

Chicago, 111., June 17. —Steps to make Chicago the wool center of America were taken hete today at a conference of wool growers and bankers with decision to name a committee to place the question before officials at Washington. The committee will be appointed by William J. Williams, president of the Wyoming Wool Growers’ association, who presided. Under the proposition approved by the meeting, called by representatives of the American Wool Growers’ association, the movement of the wool clip beginning in 1920 would be financed by Chicago bankers which would require $100,000,000 annually. Heretofore this has been done by Boston banks, who have been compelled, it was said, to relinquish their financial support due to demands for funds from other sources. It was announced that the plan was favorably received by Chicago financiers, who it was said, desired co-operation and support of western bankers in the extension of the credits requested. The fund, it was stated, would be used to carry the wool through the warehouses, where the bulk of the product is stored pending better market conditions, i