Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-03-24
THE PRODUCE EXCHANGE.
The Executive Committee Has Nearly Com
p1eted It's Work.

within few days q meeting OF the execu-
tive committee of nine. appointed some time
since by the local commission merchants, will
submit the constitution and bylaws Of the
proposed produce exchange. The committee,
composed of the following merchants and
dealers. E. H. Chamberlain. chairman; l. H.
Wallerstein. secretary; o. o. Spicer Willard F.
Price. J. S. Redmau. j. F. Saum. Joseph Hill
man. o. T. Varneil and G. Taylor Wade, have
tuition and bylaws and believe they will meet
the full approval of all interested.
MATTER OF NECESSITY
As heretofore stated in THE STAR. the for
nation of the proposed exchange is now
acknowledged to be not only matter Of great
convenience. but also one of absolute necessitv
At the present time the commission merchants
Of the District are unorganized and have been
for some fifteen years. Their number during
that time has increased to a wonderful extent
and SO has their business. Being without
for not only bogus dealers to i'm
pose upon them and the buying public, but the
shippers have also been thereby placed at the
mercy of impostors. Prices have varied
cordiug to the desires or purposes of indi-
vidual merchants and consequently it has been
practically impossible to establish fixed prices
for even day at a time. Hence ship
pers have been at q great loss to as
certain prevailing price for their
goods. and in that way the opportunities for
swindling them by dishonest or bogus dealers
have been possible. Then, too, because of
their lack of organiza lion the merchants have
been placed at considerable disadvantage
through their inability topresent an unanimous
demand when requesting certain matters of
Congress and the District authorities.
ONE HUNDRED MEMBERS EXPECTED.
1t is believed that the proposed produce ex-
change will consist of not less than 100 men,
bers Membership will not be confined to the
commission merchants. but large buyers and
other merchants dealing in produce will be
admitted. Suitable quarters will be secured
convenient to the market, and the ex-
change will be open every day
of the week. excepting. of course,
the Sabbath and such holidays as may be de-
cided upon. The exchange. through daily offer
ings and calls, will be enabled to regulate the
prices. and futures will also be dealt in. Vari-
Gus committees will be appointed, such as on
legislation. freight rates and other similar ones,
and an organization perfect as possible will be
maintained.
TO PREVENT UNLICENSED DEALERS.
One of the objects of the proposed exchange
will be to prevent the engaging in business of
unlicensed dealers. a number of whom are said
to be now engaged here. movement win also
be made against those who sell oeomargarine
without the proper license and who also sell
it butter There will be done, of
course. nothing against those dealers who
sell oleomargarine properly labeled and under
the necessary revenue license, but the move
ment will simply be made to enable the pub
lie to know at all times just what they
are buying. 1t is asserted that con-
siderable amount of eleomargarine is
now being daily sold by INSCRIPTIONS
dealers, unlicensed and unlabeled, with the
statement that it is butter. The purpose of
those opposed to such practices is not to pre-
vent or discourage the sale of oleomargarine,
but simply to enable the public to know at all
times what is being bought.