Show F r ans caloe 1 r row T R rapidly ap ddn ji provide Sales kes Medium and are beil I 1 1 by 1 l q i ge organizations I 1 Fr prepared evarO br r the th united statis aft of culture i t american fruit auctions now occupy an important place in the mi machinery chinery of distribution approximately worth of farm arm products were sold in 1923 by these thesa auctions compared with ath less than to in the auctions prasit prosit a rapid sales medium and are alre used barly lari yby bk the large p private and 6 co dam auve active organizations which must bust keep theler large volume of production mtv ing i in a continuous streams stream these facts acts are brought out by the united states department of agrical ture tur has been making mak an extensive study of the fruit auctions awen ty 0 four companies were engaged in the business y n 14 leading distributing cent centers erst 1 in 1923 the principle of auction selling belling the department points out la Is predicated upon the necessity for assembling in one place a suin sufficient clent proportion of the market supplies to attract a large body of the buying trade numerous changes change numerous changes have taken place in the auction business in recent years the department says reorganizations consolidations and the establishment of new companies have occurred in several cities most of the changes have resulted from the demand of the trade for impartiality in the services rendered and jhb charges imposed and from their desire to participate in the profits earned by the auctions the tendency is toward greater uniformity in methods methodi and practices auctions in the receiving markets occupy a position in the channels of distribution between the shippers and the retailers on the one hadd the functions of the auction are identical with those of the carlot wholesaler of the commission merchant while on tho the 0 ther other the auction operates in much t the he same sarqh manner as the jobber and other less chati car lot whole wholesalers salem sales sale are open A great variety of commodities are sold at the auctions but bat most of the supplies consist of citrus and deciduous fruits the sales are open to the public arid and anyone may buy charges and commIs commission slon rates by the various com companies paulO lack uniformity but in most casis cases are less than the cost of selling by ir private private sale another factor appreciated precia ted by growers Is that the companies customarily forward net re turns to the shipper within 24 to 48 hours after the sale to Is made detailed results of the departments study have been printed in department Dal bulletin letin no lo 10 1802 entitled american fruit and produce ave eions copies of which may be obtained upon request to the department of agriculture washington D 0 |