THE CO-OPERATIVE SALE OF WOOL 21 



after the wool had been sold and fully paid for. The wool was immediately 

 graded and packed in wool sacks. On each sack the weight, grade and Do- 

 minion mark were stencilled by the grader. 



The wool was open to inspection at all times ; and large buyers all over 

 the American continent were notified of the amount for sale, its average 

 quality, and the date at which tenders would be received. Bids were re- 

 ceived ty closed tenders and the wool sold to the highest bidder. The sale 

 was made on the bases of the grades, as classified by the Dominion represen- 

 tative, acting in this respect for both seller and buyer. The wool was sold 

 for cash, 5 per cent, being paid by the purchaser at the time of sale and the 

 balance when it was despatched. 



The expenses for printing, advertising, postage, drays, labour, insur- 

 ance and freight were estimated after the sale had been completed, and de- 

 ducted from the price received. 



In 1916 nearh^ 160,000 pounds of wool were sold, of which 154,000 

 pounds were officially graded. The ungraded wool was sold locally for 

 the best price available. The following figures give the number of pounds 

 of the different grades of wool sold and the prices received for them. 



Fine clothing 



medium combing. 



clothing 



combing 



clothing 



Low " combing 



Coarse 



Lustre 



Gray and black. . . . 



Rejects 



Seedy and dead. . . . 



Locks and pieces . . 



Tags 



Mohair 



Owing to the war there is an abnormal demand for coarser or combing 

 wools, the clothing wools being somewhat less in demand and used chiefly 

 for making finer materials and broadcloth. 



One of the outstanding features of the whole scheme is the number of 

 small sheep owners who benefit by it. More than half the wool of all the 



