growers' national marketing agency. 9 
Table 2. — ' " business handled by the exchange since its organization in 1907. 
Year. 
-r.erts. 
Value. 
Average 
price 
barrel. 
5t 
110, 274 
235, 696 
2S . 
-'- 
323', 173 
-" - 
57 
154,812 
209,666 
321.374 
284,019 
§909,542 
1.066.947 
1,058 
■ '.302 
1,710.403 
1,797 
1 284,163 
1,828,900 
1,608,847 
1,863.244 
2,526,153 
2; 935, 818 

1908-9. . . 
7.83 
1909-10 
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-In 
10.39 
1918-19 
1919-20 
7.86 
1920-21 
10.34 
Average 
232,494 
§1,626,970 
ST. 3 
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 Xew England Cranberry 
Sales Co. is the largest of the State units and may be used as an 
example of the form of organization. 
The Xew England Cranberry Sales 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 written 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 S20 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 acta which in their judgment are necessary in promoting, protecting, 
J— Bull. 1109 2 
