Evening Republican, Volume 22, Number 289, Rensselaer, Jasper County, 2 December 1919 — PRICES CONTINUE SKYWARD FLIGHT [ARTICLE]

PRICES CONTINUE SKYWARD FLIGHT

LUXURY BUYING IS IN FULL SWING WITH PUBLIC DISREGARDING VALUES.' ’ % New York, Dec. 1. —Despite the various- campaigns to bring down the high cost of living the cost of foodstuffs and clothing have contitnued to climb during the past month, according to the report on business conditions of the second federal reserve district board for November, made-public here tonight. The average advance in the price of the principal necessities of life was given at 1 % per cent. 1 Reports from retail trade, it was stated, indicated that “luxury buying was in full swing, and the repressive, effect of the war on perscfnaL expenditures had disappeared completely." ‘"Never has there been so much spending, such a demand for expensive articles and such disregard of prices,” said the report. The buying public is showing “almost no resistance” to high prices, the report continued, which added that “the buyers are either completely indifferent or they accept the higher prices as quite to be expected.”