The times. [volume] (Richmond, Va.) 1890-1903, 1902-12-07

merits, they are turned over to the local
agent, who makes proper record of each
Shippers goods on books furnished him
ior the purpose, and then makes his
report TO tee general Office by manifest
sheets, giving Shippers name and guam
tty Of goods ana the cars number in
which they are loaded. The agent then
Ships them on consignment or [. 0. b.
ssIes. as he is dIrecLed by the general
once.
On the inspection system and proper
grading of these goods mas largely hinged
TIE success of the movement This has
been app. eciated by the trade as a gr at
Improvement over the old sip-shod meth
Oh OF packing, and has lal geiy restored
ccnhdence in dealing with tie exchange
They have one or more selling agents
Oh the great distributing markets, such
as Baltimore, New York Boston. Phi.a-
t;eiphia and Providence, who looks aft~r
the goods consigned TO these markets.
and when the sales are made. report the
pr!cs:s received for each shippers pro-
Cucts to the general Office and make re-
tL.,ns for these Consigned goods direct
10 the growers. The great idea, however
OF the movement is TO sell the goodS
on an f. 0 b. basis ard by iudicious dis
uibution prevent any market from pc
coming orer-supplied and thus break the
prices. and by this improved system Of
Jyackine and the wide advertisement OF
is now famous Red Star Brand the
consignment of potatoes on comnis-
sion basis is almost thing of the past,
az % par cent OF the entire output this
year was sold f. o. b. az shipping point
ITS STEADY GROWTH.
The growth OF the exchange mas peSn
steady from its first organization to the
present, the number of nenaaeis IS IL
,TtflT. *
sui in is hands TO sell. The first year
Of its ORGANIZATION was q trial year. and
tha D! proceeds and the cost OF manage
,nent ard The other EXPENSES were ABOUT
co,,aI. But in 1901 the people had gained
g ofdeucc il the management ana saw
The untold benefits resulting from the
distribution of produts, and a business
amounting TO about $4,000 was done on
ca y; tai Of little over $3.50. each n1elii-
Ee, being competed 10 own one s1ase
t..iore he IS allowed TO ship through the
svcI,a1ce. That year q dividend Of $50
,,,.r cent. was declared, 50 per cent cash
s,l 100 per cent. in stock. But the ysar
i9p2 has been the most successful in its
history the business having increased
~ er IS per cent. over the preceding year,
amounting TO about Sl.0lo,GGo A divi-
6cnd of 10 per cant. Was declared by the
directors this year, 20 per cent. cash and
~ per cans in stock. on a capital of over
sl6.C2o.
The local orsa nizatton and the growth
of the exchange has been told Of, AMI
row for the MANAGEMENT OF the genera!
Office. T.:: entire business OF Sl.0n0,0N
is ma IA ged by three officers: William \.
Eurton, general mana ger: Edward Z.
Miles. assistant general mana ger. and
Alfred j: NIcAIath, secretary ana treas
,,rer. and two book-heepers and stem
o-raprers The whole work OF the eX-
change Is largely localized on these three
off:cers. as all bills and correspondence
RI out and money is received for the sod
Goods through the general office. All
kilograms are also ssnt from and re-
cefved there. and thus it IS In close touch
with the various conditions OF the mar