At Quebec, Canada, there is a cheese-selling organization with
government assistance. On paying a certain fee, any cheese factory may
join. All the factories belonging to the organization ship their cheese
to a central cold storage where the cheeses are examined and graded by a
government inspector. A cheese from each vat is tried. These cheeses are
separated into white and colored lots, then graded according to quality.
When the total number of cheeses in each lot is known, the lots are sold
at auction. The purchaser must accept the cheese as graded. The better
grades of cheese bring about the same price as on the market, but the
advantage lies in the selling of the lower grades. Ordinarily, the
purchaser takes advantage of the salesman when the cheeses are
undergrade. The success of this plan depends on the accuracy of the
person grading the cheese. This method seems to be growing in
popularity, because the cheese-buyer can purchase large amounts of
cheese at one time and be sure of the quality. A small fee, about
one-twelfth of a cent a pound, is charged for handling the cheese.
Similar organizations are in operation in Wisconsin. The boards of trade
and selling organizations deal almost entirely in Cheddar cheese.
+329. Mercantile exchanges.+--In the larger cities are exchanges where
cheese is bought and sold by jobbers. This cheese is mostly Cheddar. The
prices paid these jobbers tend to fix the daily price of cheese. These
prices are published daily, for example, in New York Price Current. Some
factories ship their cheese directly to these jobbers. The following are
the cheese rules of the New York Mercantile Exchange adopted May 4,
1915:
CHEESE RULES OF THE NEW YORK MERCANTILE EXCHANGE
Rule 1. At the first regular meeting of the Executive
Committee in each year, the President shall appoint,
subject to the approval of the Executive Committee, a
Cheese Committee to consist of seven members of the
Exchange, who are known as members of the cheese trade, to
hold office until their successors are appointed. It shall
be the duty of the Cheese Committee to formulate such
rules and regulations as may be necessary for the
government of transactions between members of the
Exchange, and to revise the same as circumstances may
require. Such rules and revisions shall be subject to the
approval of the Executive Committee.
Rule 2. All transactions in cheese between members of the
Exchange shall be governed by the following rules, but
nothing therein shall be construed as interfering, in any
way, with the rights of members to make such special
contracts or conditions as they may desire.
Public-domain text, read in full here on John Shaqi.
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