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existing at that time. Fishermen were encouraged to purchase shares which were then used to buy goods and sold back to the fishermen at cost. In eight years with 4,421 shareholders and over 40 stores, the annual trade of fish and supplies was in excess of $ 3 million.
107:, it had limited capital to respond to changes in the industry. With the decline of the salt cod industry in Newfoundland in the 60s and early 70s the company suffered decline. In May 1977,it went into receivership on default of a $ 440,000 bank loan.
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As part of the greater movement by Coaker to organize the fishermen along the coast by the formation of the FPU, it was necessary to establish a trading company to combat the credit or
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it was recognized as one of the largest mercantile companies in
Newfoundland and by 1937 it was identified as the largest.
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23:(F.U.T.C.), a limited liability company, was founded in 1911 to be the commercial arm of the
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complete with wharves and housing facilities the headquarters were moved there in 1918.
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31:, founder of the FPU, was to be the agent for cooperative purchasing of supplies by
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and to also serve as a cooperative marketing agent of their fish catches.
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Fishermen's Union
Trading Company Limited (Greenspond) fonds, 1914-1922
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Although the company was the third largest exporter of
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Map of
Fishermen's Union Trading Company (FUTC) Stores
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In 1913 the company purchased the
Crosbie premises at
174:Organizations based in Newfoundland and Labrador
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72:. Upon the building of a new settlement called
132:Encyclopedia of Newfoundland and Labrador
184:Political organizations based in Canada
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199:1911 establishments in North America
194:1910s establishments in Newfoundland
169:Economy of Newfoundland and Labrador
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27:(FPU). Its mandate, as set out by
16:Company in Newfoundland, 1911–1977
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204:Organizations established in 1911
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68:. The steamship was renamed the
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179:Worker cooperatives of Canada
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25:Fishermen's Protective Union
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135:, Volume two, page 187
189:Fishing organizations
95:Decline and closure
35:along the coast of
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29:William Coaker
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163:Categories
111:References
87:and three
83:of thirty
74:Port Union
70:Can’t Lose
62:St. John's
85:schooners
56:Expansion
33:fishermen
101:salt cod
89:steamers
66:Kintail
43:Purpose
103:from
81:fleet
19:The
165::
119:^
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