The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1910-12-13
Farmers, Exchanee Meeting,

The annual meeting of the Burlington
County Farmers Exchange, whose head
quarters are located in Mount Holly, was
held at the Court House on Saturday
afternoon.
So well pleased were the stockholders
with the results up to this time, that the
officers and directors were reelected to
serve for the coming year.
| Doing $500, 900 worth of business and
clearing nearly per cent. on its paid in
capital of about $15, 900, the latter in the
face of an unusual shortage and allow
ance account aggregating So. 1865 81, is the
record that has made the Exchange a sue
cessful commercial institution and an i'm
portant factor in eastern markets during
the first year of its existence Reports
showing such a condition that is most
satisfactory to the 567 stockholders
were submitted, and every person fnan-
clally interested in the concern is highly
pleased with the infancy of the coming
mammoth enterprise. The Exchange has
Jumped into such prominence in the com
| mercial end of farming that before another
year rolls around nearly everything worth
mentioning in farm products shipped from
Burlington county will pass through the
channels of this new agent for the
growers.
Twice as much business as anyone ex-
pected was done during the first year that
closed on November 3d. and the profits, al
things considered, In addition to the fact
that office equipment had to be purchased
at great expense, satisfactory salaries paid
and there are no disgruntled employees,
give the management, stockholders and
directors the greatest encouragement for
the Exchanges future.
Of ho
can be gathered from the fact that the
gross profits on the goods it handled
amounted to $2S, O63. so. Ii shipped 40. :
OF crates of strawberries, filling 1877 cars
with total selling price of SIC, 904. SO. or
an average of $2.14 crate, from which
the Exchange derived profit In addi-
ton to this there were "a carloads shipped
on commission at selling prices aggregat-
ing $40, 1851. The gooseberries handled
filed seven cars and brought returns
amounting to $7,784.S4, and there were
1,O12 carloads of potatoes, aggregating
800. 479 bushels and selling at an average
price of fraction less than fifty cents
bushel. The incidental sales show 80 cars
OF pears, Is cars of cabbage, 8 cars of
hay, 3, 1856 baskets of peaches, and a vast
quantity of corn and other stuff
The business along the Delaware river
shore of>the county was so great that the
central office here had difficulty handling
1t in manner satisfactory to the manage
ment, and If recommendation made to
the board of directors receives favorable
consideration, a sub-station will be estab-
lished at Beverly or Edgewater Park be-
fore next seasons work is begun. The
idea is to effect wider distribution Of
shipments, and 1t is believed that this can
which would operate almost practically
independent of the central office.
This year the Burlington County pro-
ducts handled by the Exchange went into
II states and ITO cities and towns, going
as far west as South Dakota and Iowa,
and as far north as Montreal and Ottawa,
Canada.
The Office force has had something to do
during the first year. 1t mailed over
10, 1000 letters, kept 1895 ledger accounts,
issued 1894 checks amounting to 1914
771.47, and gave proper attention to the
thousand and one other things included
under the head of miscellaneous business
The Exchange feels proud of its record,
especially In view of the fact that it's
first years business was more than twice
as great as that of the first year of the
Eastern Shore Exchange, at Olney, Va,
Whicn Is Ine motner organization and the
largest in the world Under favorable
conditions there is no reason why the
Burlington county institution should not
realize at least 30 per cent. profit on the
coming years business.
The manager of the Exchange is Ed win
b. Frazer. who receives salary of SO, 900
year, and the secretary is Harry Brick
whose salary is 81 ,O0O Much of the sue
cess of the Exchange is due to the untir-
ing efforts of these efficient men in charge
of the main Office, and they will continue
to represent the large number of farmers
interested in the work of the future.