New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-06-11
UNION OF FRUIT DEALERS
A CONSOLIDATED FRUIT AND pRonuc,
EXCHANGE ORGANIZED.

FOUR ASSOCIATIONS MERGED INTO oyy-rurr,
ANNUAL BUSINESS NEARLY slN0ocn
The movement FOR organizing Consolidated FRI,
Exchange. begun on March II, eliminated la,
Saturday afternoon in the adoption. Of char,s,
three months after the first meeting for promoin,
the project was held In the New-iork Fri, 81.
change Nos. IS and Is Park Place. The plan AZ n.
outset was to secure the signatures Of at least 20
representative members Of the various branches Of
the fruit and country produce trades, guaranteeing
to pay at once initiation Zee OF 500 each which
would yie,1 cash capital o: $500 20 sar, WITH
Then, after organizing suitable building for us
as an exchange either 20 be leased. purchased
or erected in that par, OF the city bounded By
Barclay and Harrison and West and Greenwich SIS
This building was 10 have all the conyenlencss Of
other large exchanges. and an aucton-rOom- N
which all fruit and produce offered could be PUT.
chased only by members Of tie exchange.
The present plan, as ratified last week. Is eah.
stantally the same except that the starting gu2ran-
tee will be OF 300 members 500 each. yielding
capital Of 5000 instead Of $4,000, that the annsl
dues shall be 80. and that effort Is 10 be made
to purchase the building which occupies the book
bounded by Duane and Reade and West and Wasa.
ington SITS. which was formerly occupied by IL
main ofHces Of the Erie Railroad Company.
DIRECTORS FOR THE FIRST YEAR
The charter provides tha, the Board OK Directors
who shall have the management OF the affairs Q,
the exchange during rs first year Of existence stall
conss, Of the following: r. r. Suits. Chairman, Q.
J. H. Killough & Co. J. J. Phillips. ex-presiden' Of
tho National League 81 Commission Merchants OF
Philips & Son. L. NJ. Lyon. ex-president Of the
4 Fruit Buyers Union. OF Lyon Brothers; Antonio
yucca. Presden; ot the Fruit Dealers, Association
and OF the United Italian Societies. OF yucca Col
/ y K. Doe. OF The Porter Brothers Company, ana
| Charles Forster. Of The Earl Frui, Company rep.
resentng the largest two California fruit shippers;
! : - D1wnes. Of :. y. Downes & Co; joan HlAs
| Of the Hi Brothers Company; VI. Lane o. ~ tAns
son. Oscar Fr9mme Q, ,,,, oscar r, r,smms
Lamb ~ Andrews ~ Lamb. Charles Maxnea \;
! Ounce John P.rung. p. Brucaio. K. L. Curus ana
! 4 meeting = the board was held on the sam. tal
al the rooms OF the New-YorH Fruit txcnshss
! Chairman Stu,s presided, and Isaac JucK hH'I,
nrevious general meeting ~ the trades included
! The enterprise q had been decided hat when .
committee appointed ior the purpose sno,a n nam
obtained the signatures OF eighty egi,iMa,e h,sns
be-s OF ,ho6e trades. guaranteeing 70 lo,n She IN
posed eNchange en lr T,,S as chairman Of he
committee presented the required document oeanns
the sgnatur"s of eighty men. among m"'I y. va,
many * the most prominent IN tne ra.ss. ne "a
! ,hsroupon directed 70 cause the '''ai's " " A'
! N Albany.
THE CHARTER AND THE PROSPECTUS
NENrffT.
nal members states that the object Of Inc -
| change is % foster trade ana commerce. pVes'
rs members from unjust and pna"ini eNac'"A''
J reform abuses y trade; d.Hlse accurate ana
! liable Information among Is members p'O1,a
! uniformity In the customs AMI usages % us,.
| amicahiy settle differences among ana os'"e'D :"
members" and generally speaking to prO@'"
! peace AMI good VIII" ., 80 su ,hs
/ \ cDmpro htusVe prospectus, skI,' - - hrs.
charter members says all other oTancHes u sn,s
stocks grain cotton. clNee. etc az III. "a
scented hv powerful exchange. whie tng ~ ~,
produce trade alone. Is practcaHy M'' sawenu
xanized representation. AMI rs NaT.S.s n-oc,rina
! divided" II also advocates actoA klos ,i,,s. H.
adequate dock and tran poraioh ~ t-a,yh, rse
cjores agains, unjust discrimination III TIL. s,r a
and classification. and argues the neJess zee AMI
/ strong compact organization, - coin.ss me Ex.
other commercial evils II dec tha' =, i,s oS.
cbanre rs not trust" ana that some o. "a nm
iects are 10 encourage honest m"th2us .ssons o.
frct reputable mere hants from the VunSnr, OF
| the interruptions. and 20 simply II 'cconduced
! business by securing ceA;ralized saeS'
/ under rs auspices. . -, Mill hs I'm.
! The members OF the new Exchange WI Ss,lsrs
! p1rters. jobbers brokers anu ....tsYo-k Fruit
! who are now identified with ne New gr,il, and
Exchange the Fruit Buyers lnlon' ,ttnrs,sr,ie Ex
Produce Trade Association ana tne ~ 49, senarsts
| change A. me ne.1hers of ihese ilp. AZ
organizations now transact business aI - 'hsr
grsgating nearly sl0lC00oCO ana malorlS, "a "a as
a-c rsplited 70 be wealthy men, II IS salv ,sSsnc,
! sumo ;lat their coalition VII give greass
, TO the New-York Fruit ami Produce hA9H''