ON BUTTERMAKING 57 



mittee in each year the president shall appoint — 

 with the approval of the executive committee — a 

 butter committee to consist of seven members of 

 the exchange, one of whom shall be a member of 

 the executive committee, to hold office until their 

 successors are duly appointed. It shall be the duty 

 of the butter committee to formulate such rules 

 and regulations as may be necessary for the govern- 

 ment of transactions between members of the ex- 

 change, and to revise the same as circumstances 

 may require. Such rules and revisions shall be 

 subject to the approval of the executive committee. 



Under direction of the superintendent of the ex- 

 change, who shall be instructed by the butter com- 

 mittee, there shall be a call, at such houi' as shall be 

 prescribed, on each business day of the year, for the 

 purchase and sale of butter. 



All transactions in butter between members of 

 the exchange shall be governed by the following 

 rules : 



CLASSIFICATIONS 



1. Butter shall be classified as creamery, process, 

 factory, packing stock, and grease butter. 



Definitions 



2. Creamery. — Butter offered under this class- 

 ification shall have been made in a creamery from 

 cream separated at the creamery or gathered from 

 farmers. 



3. Process. — Butter offered under this class- 

 ification shall be such as is made by melting butter. 



