Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-12
Washington Ticker
BY CHARLES p. sHAEFFER.

The results of one phase of study
OF ways and means whereby producers
and distributors of agricultural and hor-
ttcultural products can cooperate to
mutual advantage are shown by report
just issued by the United States Cham
Der of Commerce.
For the purpose of analysis and ex-
ample only, the Florida Citrus Fruit
Growers Clearing House Association
was chosen, largely because of the COM
pleteneSS OF its organization and its
convenient location to chamber head
quarters. The report is neither an en-
dorsement nor criticism. of the clear
ing -house principle or the particular or
ganization chosen as all illustration of
that principle.
1t is pointed out in the report that
the unco-ordinated activities of the
Florida fruit shippers often resulted in
glutted markets and demoralized prices
before the clearing house was set UP.
not as an active marketing agency but
a co-ordinated agency for already estab-
lished marketing agencies either pri-
Vately or comparatively owned This
procedure permitted the grower mem
bers OF the association to market their
truit through firms already operating
who had signed contracts with the
clearing house giving it control over GER
tain of their marketing practices and
policies
Efforts have been directed toward inn
proving and widening the distribution
Of Florida citrus fruits, so as to stabil-
lie prices on as high level as is con-
sistent with fundamental supply and
demand conditions.
The Florida clearing house, during
periods OF heavy marketing set a limit
on the total number of cars which
members could ship during the week to
prevent oversupplying of markets and
prorated this allotment among member
shippers. In the principal auction mar
kets OF Northern cities it has set up
prorating committees of auction receiv-
ers to stabilize auction offerings from
day TO day.
Banking institutions in Italy are rep
resented in trade adviceS to the Com
merce Department as being reluctant
to make advances, and funds are tighter
than heretofore, despite reduced rates
The communication declares the de-
| fiationist policy of the Banca d. Italia
keeps the institution itself in excellent
shape, but at the cost of keeping busi-
ness cramped for funds and credits. The
| heavy weight Of taxation has been in
creased during the last few days by the
advance in turnover taxes and n1er-
chandise sales taxes of all kinds from
OI1S-Ddll Oh per C6IlJ 10 ~ per Gctle'
The 700,000,000 lire estimated in
creased annual yield will be allotted as
| follows: 5O0,000,0O0 lire to national de-
Tense and 200,000.000 lire to public
works. This tax increase is expected to
retard business further and will act as
an increased customs duty, since it is
first collected at the port on imported
/ goods. 1t is believed that it will also
partially offset The recently begun down.
ward trend in retail prices.
! Federal taxation win have an i'm
portant part in the deliberations Of the
United States Chamber of Commerce
during the current year, especially in
view of the fact that il will fall to the
lot of Congress at its next session to
decide whether the reduction in the
corporation income tax rate is to be
continued.
The chamber announces this work
will be under the direction of the new
ly reorganized Committee on Federal
Taxation, presided over by Fred w. Sar-
Igent. president of the Chicago & North
western Railway Co.
Newfoundland ID now i1npos@ Is duty