The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1911-12-12
Annual Meeting of Farmers
Exchange.

S~-~-~>~~~11~
The annual meeting of the stockholders
of the Burlington County Farmers Ex-
change was held at the Court House on
Saturday.
| Aaron L. Collins was chosen chairman
and Henry Brick, secretary.
The annual report of manager Frazier.
a lengthy document, was read. 1t showed
that the gross business for the year had
amounted to 1888, $40 SO, which is about
SIC, 900 less than during 1910 This year
the exchange did not prepay freight,
which was counted In the gross business
of 1910, and if included would make a
total business of several thousand dollars
more than last year.
The sales of potatoes totaled $50, 602
bushels, amounting to $348, 400. %, frac-
ton less than one dollar per bushel. The
gross profit on potatoes was $S1, SOB 04.
The highest price on potatoes sold in pool
was 81 80; lowest 81 cents per bushel.
There was a loss to the exchange on the
sale of Strawberries and gooseberries, be-
cause the fruit did not carry well, causing
many claims for loss, due largely to
weather conditions. The shipments of
strawberries amounted to 1895 crates, or
46 carloads, totaling $40, 315.63, upon
which the exchange lost $3.50 10.
Ten carloads of gooseberries. amounting
to So, 595. 10, caused a loss of $14 As.
Among other articles shipped by the
exchange were pears, turnips, sweet pota-
toes, blackberries, cherries. apples, ounces
chestnuts, pumpkins, squash, peaches,
onions, beans, etc which were sold on
commission. Total sales, $50, 1853.
Thirteen carloads of peas brought
81, 800 So; 6 carloads cabbage, 81, OBJ 81;
II carloads hay, So, 369.13; 2 carloads
straw, $144.26; SO hogs, $1,102, a total of
So, 974 46.
The sales of articles to members amount
ed to 500, 1874. IA, an increase Of $50, 784 81
over the previous year.
Among the numerous articles bought
for the members were 1914 sacks seed
potatoes, 1851 truck baskets; SO, 04S
hampers, 1871 tons fertilizer; Is, 239 lbs.
paris green; %, 200 potato sacks, 378 bar
rels scaline.
A special committee appointed few
weeks ago to hear complaints against the
management and methods of conducting
the exchange, presented its report. The
committee was called the Investigating
Committee and was composed of Charles
D. Barton. Edward E. Logan, William D.
Cowperthwait, John B. Warrick and
Clarence Adams.
This committee reported that there was
no foundation In the rumors that favor
itism had been shown to large potato
growers In price allowed, in time of ship
ment, or in any other manner 1t was
learned that very little has been done by
the exchange to keep the farmer informed
on market conditions, which Is very i'm
portant. The committee recommended
that a report of market conditions be sent
to every shipping station daily.
Earmera ahould also kaon tho axobo N na
notified about crop picking conditions, so
that the manager will have a knowledge
of the crops and quantity to be shipped
The committee suggested that lower
price should be obtained for supplies
bought. The farmers can assist In this
direction by placing orders earlier, so that
the exchange can buy In large quantities,
instead of sending out number of small
orders
The manager was criticised for going
into q combination with some of the
directors on private deal for seed pota-
toes.
The committee believed the stockholders
are warranted in having confidence in the
manager; they found many rumors of
various kinds to be untrue, and firmly be-
lieve that the exchange has been Of great
value to the farmers of the county
has been lack of system in the grading
ofipotatoes, which has been more thorough
and severe at some shipping points than
at others. 1t is important that this be
remedied.
The committee recommended that there
be a revocation Of the bylaw which per-
mits the directors to alter or amend same
under certain conditions.
1t also had been found that business Is
done by the directors outside of meeting,
which should not be allowed.
The report of the committee was re-
ceived with thanks and the recommends
tons approved.
An amendment to the bylaws, as recon-
mended by the committee, was adopted.
The report of the treasurer for the year
ending November 10, showed sales for
farmers $517, SIT "a; sold on commission,
amounted to $40, sos. Al; expenses, $50, 799;
profit, $3,71047.
The total outstanding stock is 3,677
shares, amounting to $1S,385. divided
among 700 members.
There are number of uncollected bal
ances due from farmers. and the exchange
has on hand some baskets, etc.
1t was recommended that interest be
charged the members on accounts not paid
within thirty days.
A dividend of five per cent on the stock
had been declared last month.
1t was believed that the exchange has
increased the price of farms 10 per cent.
In this county.
The following directors were elected:
A. L. Collins, Moorestown; J. Aquila
Jones, Mount Holly; Harry Brick, Med
ford; John O'Leary, Jr., Vincentown; N.
Eckard Austin, Lumberton; Henry B.
Wright, Deacon's station; H. D. Lippin.
colt, Marlton; Pearson Taylor, Wrights-
town; John B. Evans, Pemberton; John
G. Dudley, Hartford; Albert Haines,
Masonville; A. G. Donald, Beverly; j.
Lawrence Lippincott. Riverton; G. Craig
Tallman, Columbus; Charles Adams,
Stevens station.
Watch Boyce's window, 81 Main street,
for Christmas suggestions.
Cranes Christmas boxed papers are the