Chicago—That there are more than 4,000,000,000 pounds of virgin (new) wool in the world's storehouses, or soon will be, awaiting manufacture, that the textile mills of the United States used 113,000,000 fewer pounds of virgin wool last year than in 1918 and that the drop will be greater this year were some of the statements which Alexander Walker made today in his annual address as president of the National Sheep and Wool Bureau of America, whose headquarters is at No. 23 Jackson Boulevard.
Today's conference was the most important annual meeting in the history of the Bureau. The National Sheep and Wool Bureau of America is an organization of firms and organizations interested in the sheep and wool industry in every part of the United States. For a year, it has been engaged in getting the people of country together behind the French-Capper Truth-in-Febrile bill, which was left in the hands of the Interstate and Foreign Commerce Committee of both branches of Congress. At adjournment, if enacted, the bill would compel textile manufacturers to stamp every yard of their cloth entering interstate commerce with its content of virgin wool and of no substitutes, the chief of which is shoddy—old rags, re-worked in some cases as often as eight times. 