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obtained from the association or any of
the agencies.
   When a co-op member delivers wool
 in the spring a flat advance is imme-
 diately paid by the association. After
 the wool is graded, an additional ad-
 vance is paid. In order to make these
 advances, the cooperative obtains fi-
 nancing from the National Wool Mar-
 keting Corporation of Boston, through
 which practically all of the wool is sold.
   The co-op has reported that in 1939
the flat advance paid on delivery was
two-fifths of the full net returns that
growers received by December 1. The
average payments were made as fol-
lows:
                              Cents per
                                pound
Flat advance payments (upon delivery). 15.0
Additional advance payments (after
  grading).............        . 4.2
      Full advance payments made to
      members in the spring .. . 19.2
Final settlements made to members in
  November   . ..   ... ..    .. 17.3
      Full net returns on 1939 wool
        (farm  flock wools)  ....... ... 36.5
  In receiving an average net return of
36% cents a pound on their wool, co-op
members realized 14% cents more per
pound than the 22-cent average Wis-
consin farm price of wool in 1939, as
reported by the Wisconsin Crop Re-
porting Service. Although this profit
for co-op members was unusually high
the association during 8 of the 10 years
since it was organized in 1930, has
obtained for its members a higher net
return on their wool than the growers
who sold outside the cooperative.
  Shearing usually begins in April. If,
however, a grower sells his wool during
the shearing period to a buyer, he
usually sells at a price considerably
lower than the net price he might rea
ize in the fall if he sells through th
Wisconsin wool cooperative. The Stat
association is a member of a nation;
overhead sales organization, the Ai
tional Wool Marketing Corporatioi
which operates on the Boston markel
Experts of the national corporatio
market the growers' wool, selling th
total consignment in an orderly manne
to the mills as they need wool for man
ufacturing purposes. In 1939 ther
was sold for members of the Wisconsi
Cooperative Wool Growers Associatioi
approximately 500,000 pounds of woo
and pelts for $200,000.
   For 5 years a monthly house organ
Wool News, has been published by thb
association in order to give its mem
bers information concerning theij
organization, and matters concerning
flock management and wool produc.
tion.
  Any Wisconsin sheep owner ma)
join the association without paying a
membership fee, annual dues, or buy.
ing stock. The cooperative reports it
has prorated operating expenses to the
growers each year upon a per pound
basis, and has built up a substantial
operating capital of $14,000. It also
has $10,000 invested in the operating
capital and reserves of the National
Wool Marketing Corporation.
  Reports from the association indicate
that 1940 receipts have reached their
all-time high-in August over 100,000
more pounds had been received than
the largest tonnage of a previous year.
Eggs and Poultry
  In addition to the one Wisconsin
cooperative that markets eggs and
poultry as its major business, a number
handle these commodities as a side line
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