California Cured Fruit Exchange
| Active |
1912 - 1916 |
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The California Cured Fruit Exchange was a dried fruit grower's cooperative to control sale prices. The organization was started in 1912 in the northern Sacramento Valley, initially with 6 local associations[1] but expanding to 25 local associations. J. P. Dargitz, formerly of the California Almond Growers' Exchange, was the initial managerCite error: Closing </ref> missing for <ref> tag. The article goes into serious detail on the operations of the exchange.</ref>. In its initial year, the exchange had control of fifty cars of dried fruit to sell.
The association hit problems in 1916 and disappeared soon after. One likely cause for the failure was that the Exchange could not gain a large enough fraction of the market to control the prices, which the president of the association claimed[2]. The former secretary and treasurer for the association, Samuel Otis Walker, claimed ownership that he had lent money to the organization and placed liens against Exchange property, while the growers argued that Walker has misappropriated $98,000 of the Exchange's money[3]. A. & C. Ham bought equipment from their Emeryville plant in 1917 according to report of packing house fire in 1917. However, the exchange still managed to become "the most extensive cooperative dried fruit packing and marketing association up to that time"[4].
Locations
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References
- ↑ Henry M. Ellis, Cooperation in Selling California Cured Fruits. In California's Magazine, volume 1, issue 1, 1915.
- ↑ Speculation Injurious, and comments from President Ogden. Proceedings of the 47th Fruit Growers' Convention of the State of California, State Commission of Horticulture. At Visalia, November 18-20, 1915.
- ↑ Cured Fruit Exchange Winds Up Walker Prosecution Matters: April 28, 1917 California Fruit News.
- ↑ Robert Couchman, "Sunsweet Story". 1967, Sunsweet.