Show prices may ma y T rise jus ise declares board B 2 D 0 a r d federal reserve bulletin says also greater shortage may take place U n PUBLIC MUST AD AID shortage of many man essential material materials and commodities in world at large F reign recovery may be rapid ashington in warning morning that still hieter prices and a greater grenter shortage of supply luay may be expected in the united states if foreign purchases be permitted to continue on the basis of the last few years the federal reserve board in its july bulletin declare declares that the war period in exportation has come conic to in an end and th tatt it it la Is the duty of he the investing public to tin finance tince shipments needed by europe shortage in world there Is a hortage hor toge of man essen flat motte materials and commodities in the world at large the board nay says I 1 increased credit demand for goods for export necessarily Int implies plies decreased supply of goods for domestic use uie and blyly are automatically mati mat cally leally by changes in price but aich such changes are in lie the circumstances here under considers cons tion necessarily upward if a large export financing ie Is conducted by bank banks out alit of ri alit the re still Is to pis the fluid credit of the country ut the disposal of foreigners in pur clia ing and tir for domestic product which they obtain from american producer producers such an addition to credits not based on genuine savings av ings the board point out would mean inflation implying an increased tendency toward the blieding up of prices in order to avoid the recurrence of such a R menace the board recommends that ue U e basli basis for or exports should be found in th h investment roar kit that flint la 13 in tho tile savings of tho tile people and not at the bank banks the amount of export trail trade blei to I 1 e held field by banks must lly ily be limited to a mini trum figure tho the board asserts of rort r port ort financing pr probably bellr have teen ci overestimated th word sni pai and adds that bonie sonie part of lie the export demand would lir hen commercial a carity would le be required for krotec alo 10 i 1 of shipments recovery may be rapid it it 1 quit quite pro loble he the ward board remark remarks hint that as n countries countr tea succeed in n re c themselves their rec recovery opry conrd n self supporting Mip porting bast basis alit be he much innie rapid fihnn tin 1 been exper expected ted aar inore time Is I 1 required for tho the expenditure of grent gums sums in the haeft of fill 14 1 generally comprehended expenditures i to be made for peace or for reconstruction will require are tire and patience if it they are to yield edum under competitive 1 conditions nhe cannot be oyer hastIly made and this will in itself ease the urgency of the pressure ure for export financing ahen hen all thee element elements liaro have been eliminated there will ill remain a very great residue of urgent industrial requirement qui rement and theae the it 11 1 1 economically no and oth otherwise othern erNIse lwe sound and ae Irn lilo to anndee ns as promptly oad an d ef fictively As possible that foreign de manili for our gooda goods may be main talked our market convened and our ge generel position in world trade protected |