Show I i j WAR ND- ND OST W AR EXTRAVAGANCE V I L ece e I P e ie I. I I. I e Jt 1 RECKO l I N J I h j. j I It 1 i t I 1 It I I O F E j I. I f fI P PREDiCt I I J j f I Federal Reserve Resent Land I cia Is Report O ise Based on Hopeful Vi few v I f F r t tI I of r Business Business r Con tl I 4 u A i W A H IN Jl 4 31 N 1 I f t wide ion reports from f jeriL reserve es r c b bank officials als made public Ell tonight disclose their opinion on postwar era ea of d reckless buying by hj th tb 1 public public- is r iM v r J its end m ing t I 4 A hesitation If Ie not ari an n- n actual l rc fes- fes slon of or prices Js is noted and the tho tedi 4 r ij al reserve boards boards' statement r L its advices a as Indicating g a n ne Vi 1 ally more hopeful view view- of the tho count V business condition than for tor s 's X month months While the he price cha changes 1 r. r by tho board not to bo be universal were ere nev nevertheless r ss regarded a as no tto l t and of Qt Importance as ts a n b basis lop fo what Vh t the le lm m i t future li nce f fl Relief Cro from n the hl h prices rIce f o I consumer will not be be- com ob w ob-w until ntH present stocks aro absorbed abSorbed ab ab- in practically ally all lines Jines accordIng accord accord- c I In Ing to the boar boards board's Ie ers everywhere o however w ro Yi to hold the view that p peak k of ot hb prices has ben hen re and nd t to c CW gradual I 1 In Iii the thu trade par parthe the board said th re wa was h. h a nu t tendency o 0 of the public t. t to to make 1 supplies last lori longer cr andy and to r us ti pa pay exorbitant prices This can cah 1 mean only that an awakening ban baM come the statement ea saM aH and th that o have arrived fj many many- cop at th the Von con elusion n that they y are ars t te en I for Lor br 30 ii a continuing hi high r rag B f a of C l. l 1 Customers n Wholesalers in the tIle dry Sod lJ id to some orno extent have taken a a. attitude and are discourage inh their customers f rom placing h heavy eavy afa a fa fall fail 11 orders orden This has served to I en cn demand and create a a. i Cl 1 lower prices will follow The Tho reports do not give ive en I. I 3 mont concerning a price r redaction fn n shoes Thero There was however however- a wide di divergence dl- dl t 1 of ot opinion as as' as to wt t ho and leather prices will do Eastern seaboard clUes cities reported A n piling up of ot commodities on 09 side ide of oC the Atlantic The Tho c. c e chanie situ Hon wa was be beginning to fo r reflect Its the export mar market t as welt well ell as 48 through t r K a a general s reduction b by Europeans Europeans' In la their to foreign reign buying it was oas no cd Tt Dus d iiri Business and ui I ii during March also were nt by I confusion and lack ack of of ot opinion reports from the 5 V ial- ial c serve ser districts hoYc nit Q h I out tile tHe dat bs oi t fi officials was t Was va ra distinctly opu nl tlc t ne pi Th The r. r th b i r ng 1 both oth and 18 excellent ift t r thili situation a aro ao 10 ah ab Qu f bo 4 Pl a- a r rio io rfd t o of ot b mao ls S w as Sor i or j. j rowing Ui les' les ot b ki v r V I said d t fa l. l t anI I 1 g of oC ed of ot probably woul Show so s1 d c t ble They cx explained l t p. Hf tho right dir hd that t 11 was as aseH ir tb c 2 lib tio no l I t y J. J Jf ne of oC oCl l i t e J I Ibid Dud M Tho Tf boIng h situation kion d. acute tl r t i partly pary rt as i 9 A a r i o of i b 1 l bot Qt more s o f tam ram r JeS S' S c it Tarma t o f lt hat t Ui J beleve are arc greater gret opportunities opportunities' fi iii the the cities There Thero Was as however an either i eason Treason eaon- i ivan advanced van Cd d Cap Capital t l I Is Is- I slow I I ow ilp to jenga ro Jn Jn In n n- n ture tures' tures because of the unfavorable ble c cpu con u of taxation t This This- or of course applies to gc general cra construction work n as as- t tp ho housing s gHi the tho limited sense senses tho Ufo t said naW Production conditions the tho country over the tho s statement continued d. d give c cr every r r for tor or rn nt with withro ro to t In Industrial arid ll lg Tho ho ero crop out out- out l so far tar a. a aK jean can cun be judged at at this hopeful There J Id a fi sea season Reason on Is s pu pu- pu j- j 1 degree of or bet between u capital I an and labor as Indicated by small un unemployment Tho In sl ht lit are ae GUn dun to conditions of at r relative n 1 01 or decrease o of ot production n c s. s n 1 8 n o ot b both cl l and pd 1 I. I u out J ng t C th Uv t I and n ll rc I don 2 t rf t oJ i J I. I 4 t 4 t t r 1 J 7 J I i DANIElS' DANIElS A SCORER SCORED AT INQUIRY Continued from Page Pago 1 I 1 tho the men mon A Admiral Fisko said Bald sal adding that ho he opposed Mr II Daniels Daniels' plan for forthe tho the education of or on enlisted listed men because he ha thought tho 6 system w would hl take tako too much time from tho necessary ary training of oC tho the crews I Rear near Admiral It 11 It T. T Mayo Mao Ll o who testified I fled fied yesterday was asked by b- Chairman Hale today to prepare an nn additional statement setting forth his views with regard to tho tiro need for a well well defined defined I foreign policy polley as ns related to naval pro pre preparedness and suggestions u for pre pre-j tho avoidance In future futuro wars of or naval mistakes mistakes mis mis- takes of ot tho the world war was lIe He was wag In Informed informed In- In formed that th ho ha would bo be called before tho comm committee again later Rear Admiral William 1 P. Fullam will testify tomorrow |