Show Auction Credit Ass Assures res Wide Fruit Distribution Credit amounting to millions of dollars is extended to buyers by the fruit auctions in ten metropolitan centers so that the tre- tre tremendous tremendous volume of fresh products handled daily may reach the ulti- ulti ultimate ultimate mate consumer in the quickest pos pos- possible possible sible time Joseph A sec sec- treasurer of the American Fruit and Produce Auction AssocIation tion of New York City saId In an address here The fruit auctions in the United States extend a weekly credit of more than to buyers Mr declared The terms or of sale vary somewhat In the tho dif dif- ferent markets depending to some somo extent upon local conditions In practically all cases however howe the tho proceeds from irom the sales are remitted re- re remitted to time the sellers within twenty twenty- tour four hours The auction companies assume all credit risks standing the large amount of money money outstanding they have the dIstinction distinction tion of never having failed to remit promptly to growers shippers or owners for any products sold at auction Due to this credit system fresh fruit Cruit and produce from irom distant points reach the homes of consumers consumers- even those many miles dIstant dIstant- within a few ho hours rs alter after the auction tion sale thus creating a wide and rapid distribution of the p products |