Wool Pools

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Excerpt from Wool Pools: Organization, Practices, Services, and ProblemsUsually, pools accepted all the clips of their members, 74 percent did not discount untied fleeces and over 50 percent, taggy fleeces. Fifty-seven percent of the pools did not grade their wool.In 1961, over half the pools were sold before assembly or by forward contract. Wool pools do not generally consign but sell on an out right basis, normally by sealed bid. Most pooled wool is sold on an f.o.b. Basis.Wool pools usually specify in their bid sheets that buyers are required to take all grades of wool. Oi the pooled wool reported as graded in the study, 73 percent was medium, 12 percent, fine, 8 percent, half-blood, and the remainder, off-wools.Wool manufacturers and topmakers usually buy direct from pools. In 1961, these buyers purchased 56 percent of the pooled wool.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.