Show J OF NESS NEARING H ER R CONDITIONS Reserve Board Is s tic in Report for June June Jurie 30 Business s is ot of rough a a. t Instances Instances' of ot depresS depres- depres federal many reserve board dc- dc S I in its Juno June review o of and financial condl- condl of Cf IB however countr every Indication 1 Ie rI 11 period will not ai transition Indeed that the turn toward been has already ns f the boards board's summary u I. declared of at Its Us agents who taking ri Ls whole found round consid- consid u a conditions in fl business r bUon I fee Reduction Universal inn Rn in IS retail prices D begun gun I in n I e universal during durinS' June dune It Itin itIn me in explanation of ot the contin- contin continI I volume olum of ot retail trade The Tho itlo I movement the board Ken been aided by the refusal of licto d e to pay PY high prices although although of wholesale Thol prices to toIs deneY current current levels was declared Is III V-n V bun tn a a. counteracting counteracting- influence clothing and shoes all an cst es- es for t ifor t food- food Including t bow abow little indication or of A luxuries and in havo hao been distinctly cut lilt ines there is a tendency te basis readjustment It tIe down to a a. crowed d with Ith business upon aTel n. n I pro the Tel reI of prices and antI demand ed d Control of credit and between nonessential e borrowing are arc ime me tn results although these are ared themselves es II d 3 aa u developing de and nd gradually The present pre situation is unsettled and is betl be- be eely tl Cl watched While some pi price agencies how shw a reduction ri rig nl how increases Rill RaIl Continues Continue improvement ement in uh ugh some nation n was noted the railroads Mid d not to tc have yet overcome the I DES and great congestion of still exist re Fre- I TM WM reported l to 0 complaints of car shortage e were I ti edby by the th agents agents' reports some somo BK IDra menacing shortage hortage of or coal I unless remedied will seriously ro ire with manufacturing manufacturing- The Theon I. I S on on fl manufacturing for the thet t however ran ranged oo from extreme on to 10 equally equal extreme pessimism most encouraging factor X month was as the improvement of lural all crops ex- ex Uon showing improvement with weather good rainfall and replanting of ot crops Improvement in the mone money on II ft was U noted during the month rh h 11 it was said sald that conditions in fri sandal uncia centers showed little |