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Show Downward Price Trend Noted by Federal Reserve Board in Review of Business Situation IT T T AKT1IXGTON, Sept. :,.-Roaction I A fro:Ti thri hipk price ievei stab ! ly llshed during the war has set In, V T says the federal reserve hoard's j review of business conditions in August. Not only are some foodstuffs declining declin-ing in cost to the consumer, but the price of wearing apparel, sucfi as textiles nnd .shoes, also has been affected, the review saw. HuMiiess continues at an "extrenie-lv "extrenie-lv 'hK'h level," and confidence of a satisfactory satis-factory -solution of tho wajre and price problems was reported from all sect ions Of Mir ( nnntry. "A movement toward lower prices appears ap-pears to lie In process In certain directions, direc-tions, prict-s of certidn foodstuffs are declining, de-clining, a fee'! n ix of consul-vat ism is no-tirabj.- in certain lines, such as tiie textile tex-tile and shoe industries, in which pricf nd-vanc-s :iad previously bcun'mos innrlied. 'resales' at some concession in price being reported. "Reports from the federal reserve Hiyenls generally indicate a feelinfr of confidence con-fidence that a satisfactory solution of tiie price and waire problems will be reported. 1 The actual volume of business transacted ! continues at an extremely hih level for I the present season of the year. The agricultural ag-ricultural outlook on the whole is distinctly dis-tinctly less favorable than a month ao, althoiiKh the lare acreage sown In cer- I tain cases will compensate for decreased i yield per acre. Cotton in particular is in 1 pQor condition. j "Reflecting the recline of uncertainty' which prevails, the volume of Epeculatlon I has abated and declines in the price of securities have occurred. The general business situation, however, is at bottom strong." I Hsrussintf labor conditions, the boird recorded that reports from the majority of districts designate the situation as "unsettled." "un-settled." ' 1 |