"Western wools are usually quoted in the newspapers as 'territory' wools and the quotations given are the prices for a pound of scoured wool. For a given year, the shrinkage caused by grease and dirt in east and corn belt wools of similar grades varies comparatively little. Due to differences of the soil and vegetation on the ranges, the different kinds of ranges, and the varying number of dust storms in different localities, this does not hold true for western woods. As a result, the only fair way to give the quotation is on a scoured wool basis.

"In order to determine the value of his wool, a grower must be able to translate the scoured pound quotations into terms applicable to wool in the grease. To know the general trend of the market from week to week, he must have at hand the latest quotations and know approximately how much his wool will shrink when scoured. Quotations representing the top values for the different classes of wools can usually be found in the Saturday editions of certain newspapers. Those in other markets will be able to determine the approximate shrink from the sale slips of these houses upon which the estimated shrink is usually given." 