Below are the names and addresses of the livestock advisory committee: R. M. Gunn, Buckingham, Iowa. T. C. Halley, Scotts Bluff, Nebr. C. A. Ewing, Decatur, Ill. H. L. Kokernot, San Antonio, Tex. W. W. Woods, president, Institute of American Meat Packers, 506 South Wabash Avenue, Chicago, Ill. E. F. Forbes, president, Western Cattle Marketing Association, 114 Sansome Street, San Francisco, Calif. Harry G. Beal, Columbus, Ohio. Mr. Woods and Mr. Forbes were certified to the board as "handlers or processors." More detailed information may be obtained by writing to the National Livestock Marketing Association, Transportation Building, Harrison and Dearborn Streets, Chicago, Ill. NATIONAL WOOL MARKETING CORPORATION Forty thousand farmers and ranchmen delivered to the National Wool Marketing Corporation, during the marketing season of 1930, 116,000,000 pounds of wool and 14,600,000 pounds of mohair, according to the corporation's November report. This gave the growers through their central selling agency control of 35 per cent of the wool, exclusive of pulled wool, and 85 per cent of the mohair produced in the United States. These producers own and control the National Corporation through their 26 stockholder marketing organizations located throughout the country. The National was incorporated under the laws of Delaware on December 24, 1929. Its headquarters are at 281 Summer Street, Boston, Mass. Twenty-six cooperative wool marketing organizations are stockholders and members of the National Wool Marketing Corporation. Most of these organizations were established during the marketing season of 1930, and the National received through them 116,000,000 pounds of wool and 14,600,000 pounds of mohair. This represented approximately 35 per cent of the wool, exclusive of pulled wool, and 85 per cent of the mohair produced in the United States. The National Wool Marketing Corporation, with an authorized capital stock of $1,000,000, is a nation-wide grower-owned and controlled marketing agency. The corporation is operated for the benefit of growers and the whole wool and mohair industry. Its aim is to get, through orderly marketing, the best possible price for its members' products; to reduce marketing costs; to stabilize prices; to eliminate competition among cooperatives, and to establish confidence among manufacturers of wool and mohair. Under the National's marketing plan, growers' interests are foremost. Unnecessary marketing charges are eliminated by efficient and orderly marketing under cooperative control. PLAN OF CORPORATION Plans for establishing the National Corporation were started on October 4, 1929, at a meeting held in Chicago. This conference, called by the Federal Farm Board, was attended by representatives of wool and mohair associations from all parts of the United States. The above chart indicates the relationship of the growers to the associations that are members of the National Wool Marketing Corporation with headquarters at 281 Summer Street, Boston, Mass. It shows how a grower becomes a part of the Central Sales Corporation by signing a marketing agreement with an association which is a member of the National. The chart also shows how the member association is under contract with the Central corporation. The chief functions of the associations are the assembling of wool for shipment and rendering field service to members. A few of these associations operate warehouses for their members. Federal Farm Board money used in the marketing of wool is loaned to the National Wool Marketing Corporation which in turn passes it along to the individual growers through the member associations. There are 26 stockholder members of the National. In addition to these there are 6 associations which do not own stock in the National but ship their wools to the Central Wool Marketing Corporation of Boston, Mass. This makes a total of 32 associations affiliated with and marketing wool and mohair through the National Corporation. The Central Corporation was organized to handle the wool from sections where sufficient volume could not be secured to qualify them as stockholders in the National Wool Marketing Corporation. All of the wool received by the Central is marketed through the National Corporation. The accompanying chart outlines the organization plan of the National. The 26 stockholder member associations include both State and regional wool marketing organizations. There is a contract between the individual member grower and the regional or State organization. The State and regional associations in turn are under contract with the National Wool Marketing Corporation which is the exclusive sales agency of the member associations. GROWERS GET PRESHEARING ADVANCES Under the terms of the contract the corporation agrees to make preshearing advances. It also makes commodity advances on the clip at the time it is delivered to the associations. The National determines the amount of the advances. It cooperates with mills and trade associations in stimulating demand for wool and mohair. Member agencies cooperate in services connected with the collection, handling, processing, or sale of wool and mohair. They also maintain organization and field-service departments for the purpose of obtaining and serving members and supplying the National Corporation with statistical information. The National has a subsidiary organization known as the National Wool Credit Corporation, incorporated under the laws of Massachusetts. It has a capital stock of $1,000,000, all of which is owned by the National Wool Marketing Corporation. The purpose of the credit corporation is to assist in financing wool growers. Preshearing advances are made to growers by the marketing corporation through the credit corporation. The National association receives financial assistance from three sources-commercial banks, the Federal Intermediate Credit Bank of Springfield, Massachusetts, and the Federal Farm Board. HANDLES CLIP OF ANY SIZE The National corporation and its member agencies are prepared to handle clips of any size. Every grower's wool is sold strictly on merit basis. The grower delivers the wool to his State or regional association. The association under the direction of the National either stores the wool in a warehouse or ships it direct to Boston. The wool is then graded by experienced graders of the National or by graders furnished by the association and approved by the National. The wool warehoused by the district association is later shipped at the direction of the National to Boston or to the manufacturer. The sales agency at Boston has contact with mill buyers all over the country and is prepared to sell wool in such quantities as mills desire. With a large volume of wool under its control the National is able to furnish mills with a complete line of wools. To become a stockholder of the National the member association must have handled during the previous year or have under contract for delivery at least 500,000 pounds of wool or mohair. The National has 15 directors selected from 5 different districts. LOCATION OF 26 MEMBERS The location of the 26 member marketing associations is indicated on the accompanying map, and their names and addresses are given below: American Mohair Producers Cooperative Marketing Corporation, Uvalde, Tex. Arizona Wool Growers Association, 143 South Central Avenue, Phoenix, Ariz. California Wool Marketing Association, 405 Walnut Street, Red Bluff, Calif. Central Wool Marketing Corporation, Boston, Mass. Colorado Wool Marketing Association, 200 Central Savings Bank Building, Denver, Colo. Colorado-New Mexico Cooperative Wool Marketing Association, Durango, Colo. Cooperative Wool Growers of South Dakota, Brookings, S. Dak. Eastern Idaho Wool Cooperative Marketing Association, Post Office Box 550, Pocatello, Idaho. Iowa Sheep and Wool Growers Association, 313 SW. Fifth Street, Des Moines, Iowa. Lone Star Wool-Mohair Cooperative Association, 34 East Twohig, Hilton Hotel Building, San Angelo, Tex. Michigan Cooperative Wool Marketing Association, 508 Monroe Avenue, Detroit, Mich. Mid-Texas Wool and Mohair Marketing Corporation, Menard, Tex. Midwest Wool Marketing Association, 140 Main Street, Kansas City, Mo. Minnesota Cooperative Wool Growers Association, Wabasha, Minn. Montana Wool Cooperative Marketing Association, Helena, Mont. Nevada Wool Marketing Association, care of First National Bank, Elko, Nev. New Mexico Cooperative Wool Marketing Association, Albuquerque, N. Mex. North Dakota Cooperative Wool Marketing Association, Fargo, N. Dak. Pacific Cooperative Wool Growers Association, 461 Davis Street, Portland, Oreg. Sonora Wool and Mohair Marketing Corporation, Sonora, Tex. Southwest Texas Wool and Mohair Marketing Association, Del Rio, Tex. United Wool Growers Association, Incorporated, 6 East Lee Street, Baltimore. Md. Utah Wool Marketing Association, 408 Vermont Building, Salt Lake City. Utah. Washington Wool Marketing Association, Yakima, Wash. Wyoming Wool Cooperative Marketing Association, McKinley, Wyo. The names and addresses of the six associations delivering wool to the Central are as follows: Illinois Wool Growers Association, 608 South Dearborn Street, Chicago, Ill. Kentucky Wool Growers Association, 810 South Broadway, Lexington, Ky. |