pool pricen.1
/ˈpuːl prʌɪs/, U.S. /ˈpul ˌpraɪs/ Now historical.
The price of coal customarily given at the Pool of London. Cf. pool n.1 2b(a).
ΘΚΠ
society > trade and finance > monetary value > price > [noun] > other specific prices
subscription price1676
mint price1758
standard1778
pool price1789
O.P.1810
stumpage1835
mint value1839
maximum price1841
piece price1865
street price1865
supply price1870
base price1876
hammer-price1900
doorbuster1917
off-price1933
reference price1943
1789 Times 5 June 4/1 Coals, by Pool Measure, and at the Pool Price, with the addition of only 6d. per Chaldron, for Prompt Payment.
1832 Examiner 23/1 Upon each chaldron of coals brought to the market twelve shillings..was added to the pool or market price, which addition furnished the profits to the merchant.
1993 Econ. Hist. Rev. 46 612 By the end of the century the main business of shipping companies was providing shipping services and nothing more, and the London pool price probably represented a spot price.
This entry has been updated (OED Third Edition, December 2006; most recently modified version published online March 2022).
pool pricen.2
/ˈpuːl prʌɪs/, U.S. /ˈpul ˌpraɪs/ Business.
A uniform price for a commodity, utility, etc., set by an independent institution or a group of companies in the relevant sector.
ΘΚΠ
society > trade and finance > monetary value > price > [noun] > artificially arranged prices
staple ratea1628
sheriff fiars1689
fiars1723
pool price1872
parity1941
support price1943
shadow-price1965
trigger price1978
1872 Titusville (Pa.) Morning Herald 14 Nov. Petroleum markets... The pool price was advanced to ten cents per barrel here to-day.
1904 Times 29 Aug. 8/4 Some important orders have been placed for steel rails, notably one by the Canadian-Pacific at a sharp cut on the regular pool price.
1939 Country Life 11 Feb. 155/3 The..contribution from the tax-payer is insignificant, having, for instance, in the last year the effect of raising the pool price by only 0.076d. per gallon.
1987 Stock & Land (Melbourne) 17 Dec. 2 The VDIA must provide Midland with enough milk at the VDIA's pool price to fulfil its contract.
1991 Purchasing & Supply Managem. Apr. 19/3 The supply companies may market their electricity using pool prices plus an administrative charge.
This is a new entry (OED Third Edition, December 2006; most recently modified version published online March 2022).
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