growers' national marketing agency. 9 



Table 2. — Volume of business handled by the exchange since its organization in 1907. 



Year. 



Shipmerts. 



Value. 



Average 



price per 



barrel. 



1907-8.. 



Barrels. 

 143, 646 

 110,274 

 207,014 

 188, 062 



'235,696 

 259, 254 

 278, 670 

 323,173 

 259, 780 

 279,476 

 154,812 

 209, 666 

 321,374 

 284, 019 



S909,542 

 863,847 

 1,066,947 

 1,058,903 

 1,680,302 

 1, 710, 403 

 1,797,809 

 1,284,163 

 1,642,708 

 1, 828, 900 

 1, 608, 847 

 1,863,244 

 2,526,153 

 2, 935, 818 



So. 33 



1908-9 



7.83 



1909-10 



5.15 



1910-11 . . 



5 63 



1911-12 



7.13 



1912-13 



6.60 



1913-14 



6.45 



1914-15 



3.97 



1915-16 



6.32 



1916-17 



6.54 



1917-18 



10.39 



1918-19 



8.89 



1919-20 



7.86 



1920-21 



10.34 







Average 



232,494 



$1,626,970 



S7.00 







THE AMERICAN CRANBERRY EXCHANGE. 



The American Cranberry Exchange is a membership organization 

 composed of cranberry growers who are also members of one of the 

 three State companies. It functions merely as a selling agency for 

 its members. To explain the organization, it is necessary to explain 

 the makeup of the State associations. The New England Cranberry 

 Sales Co. is the largest of the State units and may be used as an 

 example of the form of organization. 



The New England Cranberry vSales Co. was incorporated originally 

 in Massachusetts in 1907 and reincorporated in the same State in 

 1919. It is a nonstock and nonprofit growers' cooperative organ- 

 ization with its principal office at Middleboro, Mass. 



The membership of the company consists of "persons, firms, 

 associations, or corporations engaged in the business of growing, 

 packing, or shipping cranberries or their by-products." To become 

 a member, a wiitten application must be made to the board of direc- 

 tors and must be approved by two-thirds of the directors present and 

 voting. A membership fee of $20 is collected, half of which goes to 

 the State association and half to the central organization. The dues 

 are $1 a year. Each member is entitled to one vote. The State 

 associations do not have specific membership contracts. However, 

 "each member, until he ceases to be such, agrees to deliver and ship 

 his entire cranberry crop Under the rules and regulations of the 

 company." In most cases it is recommended that members be re- 

 quired to sign contracts in addition to signing the by-laws. 



The officers of the company consist of 33 directors, a president, 

 first and second vice president, treasurer, and clerk. The board of 

 directors must be elected from among the members of the company. 



The directors have the duty, authority, and full power to perform, or authorize to 

 be performed, all acts which in their judgment are necessary in promoting, protecting, 



1936°— 22— Bull. 1109 2 



