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Pageland, Chesterfield County, South Carolina
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Federal Trade Commission report reveals 'independent' fertilizer firms are controlled by large companies like Virginia-Carolina Chemical Co., which dominate 58% of output. Firms agree to disclose parent ties on labels amid farmers' complaints of high prices investigated by Sen. Simmons.
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Washington, Sept. 7.- "Independent" firms in the fertilizer industry, actually operated by large concerns, or the so-called "fertilizer trust," will hereafter be fully identified with the parent interests, according to a report made public today by the Federal Trade Commission, which has been investigating the fertilizer situation. The report says the companies concerned have agreed to show their various relationships on their containers and letterheads.
The commission's investigation was made in compliance with resolutions introduced last year by Senator Simmons of North Carolina to whom farmers had complained regarding the high price of fertilizers. $150,000,000 worth of which was consumed by the American farmers in 1914. In a letter to the Senate, accompanying the report, the commission asserts that there are in the United States 800 concerns operating some 1,200 plants, but that seven of the large companies, the largest being the Virginia-Carolina Chemical Company and the American Agricultural Chemical Company, control 58 per cent of the total output. It is asserted that the prices paid by farmers for mixed fertilizers have been high in comparison with the cash value of the constituent elements, partly because of credit conditions and expensive distributing methods of the large companies.
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Domestic News Details
Primary Location
Washington
Event Date
Sept. 7
Key Persons
Outcome
companies agreed to show relationships on containers and letterheads; prices high due to credit conditions and distributing methods; seven large companies control 58% of output
Event Details
Federal Trade Commission report on fertilizer industry investigation reveals 'independent' firms operated by large concerns will identify parent interests; prompted by farmers' complaints via Senator Simmons on high prices; $150,000,000 worth consumed in 1914; 800 concerns, 1,200 plants in US