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Show ENDING Of WAR WASHINGTON, Dec. 4 Reaction from war time economy is apparent In reports to various government agencies agen-cies since tho signing of tho armistice. armis-tice. War savings committees in all parts of the country have submitted statements tending to show that persons per-sons who abstained from buying unnecessary un-necessary clothes during the war have rushed to shops within the past week or two and bought according to prewar pre-war standards. Rotall businesses ropor-t stimulation stimula-tion of business by peace news. In Borne cases, the response was lmmed-iato, lmmed-iato, business showing a big jump within a day or two after Nov. 11. This reaction sooms most marked among tho wealthier classes. Reports gathered by the Federal Reserve Re-serve Board also show activity among wholesale houscR to moot the demand of retailors. Tho wholosalo business, however, is somowhat restricted by tho desire of retail merchants to let their stocks run low, while waiting for prices to come down. Thousands of retailors quickly arranged special 6ales of their stocks at lower prices, in view of tho uncertainties of the future fu-ture course of prices. Building operations havo taken a sudden start after tho long enforced period of sluggishness during tho war, and building materials are now beginning be-ginning to flow away from former war enterprises, toward peace time building build-ing projects. Private building seems to bo holding back, however. Municipalities Munici-palities and states have turned their thoughts to building roads and bridges, held up during the war by shortage of materials, and within the next month officials hero look for a multitude of advertisements for bids for these projects. pro-jects. At least eight billions of dollars must bo raised in the United States next year from war bonds or war savings. Officials arguo that floating float-ing of those loans without corresponding correspon-ding savings in monoy and materials merely serves to inflate credit, and the practical result of this inflation is a general riso in prices. The treasury now is seeking to develop de-velop means of continuing thrift propaganda prop-aganda throughout the next few years, to educate the public to the duty of paying off indebtedness before relaxing relax-ing war time economy. In fact, students stu-dents of economy In the treasury declare de-clare that unless tho American people peo-ple learn lessons of thrift which populations pop-ulations of England, Franco, Germany and other warring nations have learned learn-ed during the past four years, tho country will be in position during reconstruction re-construction of absorbing much more than lis share of the world's available avail-able stock of food, matorlals and labor, la-bor, needed for the physical rebuilding of devastated portions of Europe. Treasury agencies studying banks' conditions in industrial communities, particularly where war materials wero war materials were manufactured, that savings and checking accounts maintained by workmen do not have balances proportionate to their advances ad-vances in wages during tho war. |
