Show RISE OF PRICES TO BE HALTED EXPERTS EXERTS AVER Harvard's Figures In Indicate Farms Farls and Industries Will Wil Prosper Cambridge Mass ass Fb Fab 1 Th l-Th The 1 The Har liar Harrr Harvard vard rr committee on economic research b Harvard university to tomake tomake tomake appointed d by hI rJ Har make special studies of or economic conditions con con- Han haR that ti the e just In tho thin expect a check United States ma may a and of or busi business hued hued- upward movement mo erent of or prices price which has haa been In progress ness nes activity proC proC- and perhaps a TC roes ress since sinco last April drop in prices At present however tho the committee reports and on the tho ha hauls si of or the November an and December f fig to conclude conclude con COlt urea tires It would be premature clude elude that t a l violent In iii corn corn- cor- cor prices Is probable The committee was appointed ll h b oj Harvard lr university In 1317 In 1 to assist Inthe inthe In Inthe the solution of oC the thc fundamental economic eco problems problem which underlie modern and finance It provides statistical sin sta ta- ta commerce I pro Cnance Information to federal reserve bik bunk banks for or hanking houses houe and large its corporations and Includes amon simony among publication n. n review of or economic economiC statistics sta statistics sta- sta which contains a price fore Core caster cantor cUlter Hank flank Studied The Tue committee bases Its Ils forecast upon statistical material r representing the th de decline tie tie- cline chine in the New Neit York hank bank clearings tho the volume of or sales on tho the N Now C work w York ork stock exchange the prices priceR of or Industrial Indus Indus- s- s trial stocks and analysis of or tho the ban banking bank ban In ing and trade trado situation domestic an and torel foreign n Warren arren M. M Persons Person editor edior nf f the statistics collected d I by ly the tho commit commit- tee feet Indicated that tho the farmers will wi continue to prosper In 1920 and that the prosperity of or this Industry will wJ contribute contrib contrib- ute ito te to that of or all 11 others in ln the coming rear Tho The be beginning of tho the new year ho lie declares finds hide American manufacturing Industries in a a sound and prosperous condition Co II d it to ii S. high Ih Interest nn nCr m Tiie Th tightness oC of the the money e market malet v nd and the the- announced pol policy C mo already InAugurated In Inaugurated In- In of the federal reserve reser o board of of Increasing discount rates rate have o ha I I aused caused mUt many observers ers to have o ha grave O Ari misgivings 4 for the financial outlook for forTi Ti he says Instead of causing the action of or the federal re- re serve board bard should be regarded as a c omen 11 High h interest rates aro ro the m main ln reliance for protecting hank ank reserves and and they spoil not din dis- aster but bitt safety provided pro they are applied ap up- ap- ap plied led In time Control of oC Interest rates As the sa safe e and effective wn way of dealing s with wih such a anc situation n as we now oW face and nd It is to be hoped that nothing not nothing not r the needs of the United States treasury will treasury wi will divert the reserve reser e board boord from irom pursuing pursuing- tho lie only sane sane and n con- con ser alvo cou course o The outlook for Cor or Inn 1521 Is for a continuance con con- of oC a largo large d demand for tor credit credi which will wl not be supplied except at increasing rates ratos High rates for bank balk loans loas eventually will wi tend to check the tho mo em movement nt of oC commodity prices na 8 ts they have already checked the upward upward upward up- up ward trend of or security prIes prices and the volume of ot speculation on th the New ew York Yorla toek exchange T 7 Of or tho the belief beler of some business men 1 that the whole economic situation Is abnormal tho committee says as a's Abnormal it It certainly is In man many re- re peets Prices Price are cr very ery high them thero h has beon great expansion of ot bank credit extravagant expenditure both public uble and private ato is found on ever every hand and our abnormally large export tra trade e eIs Is likely to suffer curtailment |