The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1918-12-17
Exchange has Prosperous Year

4 mao 4 Nc
z The annual meeting of the stool
u holders of the Burlington Count
Farmers Exchange, held at the cou
o house, on Saturday, revealed bett'
S state of affairs than ever before, in til
T organizations history, as dividen
of five per cent had been paid from th
years earnings, and the net worth
I the stock showed substantial in
4 crease. The declaring OF dividend in
dictated that the concern is on payin
basis and is not a losing venture as ha
been the case some years. The ney
management was complimented TO
the good showing of the years bust
ness.
Horace Roberts was elected chair
men and Miss Grace Fryer, secretary
of the meeting.
The report of Aquila Jones, manage
of the exchange, told of the business
done during the past year, a synopsis
OF which follows:
| III ANOfCAhOClt bAC Il al l1Cio
Exchange and the Produce Sales
Company consolidated, and appointed
| A. A. Zelley as manager. He died in
February, and Mr.. Jones was elected
in May as successor to be manager
Early in the year the Exchange
bought and occupied the property Of
Doughty & Co. on Pine street. Mount
Holly. The price paid was $8,125.
Improvements amounting to $500
were made, which amount was offset
exactly blythe sale of warehouse on
Bispham street to Charles E. Rogers.
Other improvements are being made.
At the new place there were facilities
for handling coal, SO that business was
entered into in addition to the farmer
line.
During the year there was sold 1870
tons of fertilizer, 1880 sacks of seed
potatoes, 68,93S Id. grass seed, 2S,292
ID. pea seed, 1857 Id. bean seed,
25,971 ID COW peas, 1926 Id. turnip seed,
28H tons spraying material, $40 barrels
lime-sulphur solution. 118.435 peach
baskets, 61,491 five-eighths truck
baskets, 17,485 hampers, and other
miscellaneous supplies.
The total merchandise sales for the
year amounted to $191, 539 81. In ad-
dition to this there was sold 103 cars of
potatoes, amounting to sS4, 1892 and
26 cars of Keifer pears, s12, 337.46. The
8 per cent. consignments amounted to
$4, 109.78. This would present gross
sales at various markets of S136, 1892. 60
and would bring the total business for
the year to 1926, O6S.92. On that bust
ness there was realized a netprofit of
SIS, 8O1.29.
AT the end of the year 1917 the net
worth of the Exchange was $16,657. SO,
making the stock worth S4.15 per
share. At the end of the present year
the net worth is s32, O29. Is, making the
stock value, after deducting dividend
of five per cent, $7.95 per share.
The report of the treasurer, Miss
Grace Fryer, corroborating the
managers figures, was read. The au-
diting committee reported the accounts
were correct.
The following directors were elected:
Smithville district. E. E. Logan; MARI
ton, Joseph S. Evans; Medford, Will
son 7. Haines; Deacon Station, H. HI.
ALDER tson; Masonville, Albert Haines;
Wrightstown, Pearson Taylor; Beverly
Andrew J. Jordan; Birmingham, Jesse
E. Crammer; Vincentown, Howard L.
Emmons; Hartford, ]. Hansell Lippin-
colt; Moorestown, Harvey Roberts;
Columbus, Aaron H. Burtis; Lumber
ton, Howard w. Haines; Mount Holly,
J. Aquila Jones; Wilkins Station, A.
Engle Conrow.
In order to reduce the trouble of
collecting proxies to get quorum at
the annual meeting, change of by
laws was made, reducing the quorum
from majority to one-third of the
shareholders. The present number of
members represents total of 1925
shares.
This concluded the business session
and an adjournment was made unit
when number of speakers
were heard. The afternoon pro-
gramme was in charge of Harry B.
Holcomb, the new county farm dem
onstrator.
Preston Roberts read paper on
Spraying and Packing Fruits, the
facts given being learned from person
al experience. He sprayed apples en-
tirely with liquid material and got fair
ly good results. Curculio gave the
most trouble and was not successfully
combated. On peaches liquid spray
ing and dry busting were used. An
other years experience will be required
to determine which method produced
the best results. The best peaches
were ,packed in Georgia crates, but
most of the crop was placed in half
bushel baskets and sold we'll in that
form of package.
Prof. Farley, of the State Expert
ment Station, gave good talk on
Pruning and Spraying Fruit Trees.
He said no fixed rule could be given,
as each tree and each variety of tree
requires pruning according to it's par
ticular requirement.. Not too many
branches should be permitted, and the
endeavor should be to make every
branch produce good fruit.
Willard Minch, of Cumberland coun-
ty, spoke on Potato Culture. He rec
commended using homegrown seed
exclusively as giving the best results.
He told his method of cultivation and
fertilization. Speaking about potash,
he stated the domestic article had not
been as satisfactory as that formerly
obtained from abroad.
Merritt w. Smith told his method of
spraying and packing fruit. He also
gave his experience with farmerette
labor, which had been satisfactory.
Resolutions
| Charles Mincer
| Died November 10, 1918
| Chorlz NT;-o1r ,roc 1Iao4o1 n