Show Price Slashing No Cause For Financial A Alarm larIn St. St Louis May Ma 22 There There Is no cause for or financial alarm In the tho present nationwide nationwide nationwide na na- na- na wide tion-wide price slashing movement according ac ac according according ac- ac cording to a statement today b by Richard Richard Richard Rich Rich- ard A. A Hawes of ot this city president of or ortho tho the American Bankers' Bankers association Mr Hawes referred to persons who professed proCessed to hard times in the thO tightening of oC tho the credit system as calamity howlers Although bankers are discouraging non essential non Investments In and wild speculation Mr lr Hawes asserted no hank lank would credit to carry carryon on essential production |