Show OLD l T TIt It M N T AN port Deport by the Federal Reserve Board Says Reaction From War ti Price Level Is Here TY ASHINGTON ii ASHINGTON Sept 5 I W Reaction from the high rice ce level established during the ther var r has set in in says the federal reserve reserve boards board's re review view of business renditions in August Not only are some foodstuffs declinIng declining Ing in cost to the consumer but the theA A price of wearing apparel such as textiles textiles tex- tex 1 tiles and shoes also has been affected lithe the review says Business continues at atan atan llan an extremely high level and con- con of a satisfactory solution of the tho wage I wage age and price problems was reported from all sections of the country RICES PRICES DECLINING itA A A movement toward lower prices to be in process In certain di di- di Prices of certain foodstuffs pre re declining A feeling of conservatism conservatism is noticeable in certain lines uch auch as the textile and shoe Industry price pric advances had previously been most marked at some concession in price being reported EELING OF CONFIDENCE Reports from the federal reserve gents generally indicate a feeling of that a satisfactory solution f he price and wage problems will b be Reported The actual volume of business business business busi busi- ness transacted continues at an ex ex- high level for tor the present sea sea- kon of the year The agricultural outlook out- out look ook on the whole is distinctly less fa- fa f rable than a month ago although h he large acreage sown In certain cases ill compensate for tor decreased yield per ore ere re Cotton in particular Is in in- poor 1 Reflecting the feeling of ot uncertainty prevails the volume of specula- specula ion has abated and declines in the rice of securities have occurred The business situation however Is strong Discussing Discussing- labor conditions the hoard oaid recorded that reports from the of districts designate tho sit sit- i atlon on as un unsettled |