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Show U. S. and Allies Will Combine to Regulate Ocean Freight Rates Washington, July 23. The entento allies and United States shortly will combine to regulate ocean freight ratos. Negotiations already havo developed de-veloped almost to tho point ot maturity. ma-turity. The United States, England, France, Italy and Japa havo formally agroed to tho principles of international interna-tional ocean frolght regulations. The result will bo a Bharp downward revision re-vision of tho high freight rates whlca havo been charged on war supplies and practically all othor frolght. |