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TRADE 77
sentatives of the private stores have offered the
State trusts higher prices than the Co-operatives
have offered, and that the trusts have preferred
to seil their goods to the private stores.
According to a report received from M. Bog
danov, president of the Supreme Council of National
Economy, the number of middlemen in the retail
trade constantly increases. In July, 1922, some
38 per cent. of the goods was sold through private
traders, while the Co-operatives did not seil more
than 8 per cent. of goods.
In February, 1923, the president of the textile
syndicate declared that in the course of eleven
months 454,000,000 arschins (1 arschin === 28
inches) of material were delivered to the organisa
tion of which he was the head, but that only
380,000,000 arschins were sold. While private
trading, carried on in Moscow by more than 10,000
traders, had developed in a very favourable way,
the syndicate had not succeeded in seiling more
than 34,000,000 arschins through its branches in
that city.
That trade is still badly organised in Russia is
a fact that even the Soviet press recognises.
Manufactured goods have long been sold under
the cost of production, and this has considerably
reduced the working capital of the trusts. Since
the beginning of December, 1922, the prices have
risen so rapidly that the balance between agricul
tural produce and manufactured goods has been
totally upset. Between October 1, 1922, and
January 1, 1923, wheat has not risen more than
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