WOOL-BUYING 



which at the present time amounts to i^ 

 greasy weight of the wool 



pence per Ib. on the 



1 1 -6 pence per Ib. = Value of wool in London 

 less 1*5 = Cost of shipping expenses, etc. 



10' i pence, 



being price of wool the buyer is able to bid in the Australian 

 broker's warehouses. 



BUYERS AT WOOL SALE, "RIALTO," MELBOURNE. 



The following method is employed to find the cost in top form 

 of any greasy wool. For example, we will take the price of the 

 greasy wool at ir6 pence per Ib., which will prove that our last 

 calculation is correct. 



The yield is 50 per cent., tearing 9 to i. Value of noil as 

 before is 16 pence per Ib., combing charges 2j pence per Ib. on 

 weight of top. 



First find cost of 100 Ib. of greasy wool at n-6 pence per Ib. 



