OCR Text |
Show I PUBLIC REFUSES" T 0 PAY BIG PRICE HI Downward Trend of Values Kf Continues in August, Says Reserve Board fwJ WASHINGTON, Sept. 1 Refusal of A4s the public i i pa ('' ' J W caused a continuation of the downward trend of value In August, the federal reserve board d larcd In Its monthly ' review of business conditions issued las night The board added that the yf '"reaction again.it high prl acd been jKM , . .-..mi. .-.. I ! n.-r.il . h: jfilf' at demand In it" wholesale tl Id ind ,Y by slight evidences of unemployment j h smut' a etlons." WqKt' The board s view of the nation's i WM business generally were more optlm!s- tit than recent expressions and Indi- i,y3H i ited an expectation of more stabllltv wR In industry and commerce, While 'ii ;hi review mentioned signs of a con- JjM elusion of the transition period It! Bi rod with the statement that .I progress In that direction Is slow and, g fl much stll remains to be done-' before i BiH the country can be said to be on a! ' Bj stable hasis. The hopeful assertion ' Al, wai thai i ead- EvLH justment had continued consistently, j HgH "In the agricultural regulations" the review declared promising -rop &cH prospects have given a much moroj Hj hop' ful turn to .iff.iir.-- and ha b nd- ; ed to minimize broader questions of price adjustment? In those parts of the country the paramo. int idea la (production on a large scale accpm-'panled accpm-'panled by improvement of transporia-tlOn transporia-tlOn and labor conditions "Whore the processes f distributing 'and financing are more Important, the prospect for improvement Is less Immediate Im-mediate although fundamenteal con jdttions are slowl improving and the .underlying business situation Is usually described as 'ound " oo |