Evening Republican, Volume 23, Number 186, Rensselaer, Jasper County, 3 August 1920 — PEAK OF HIGH PRICES HAS NOW BEEN REACHED [ARTICLE]

PEAK OF HIGH PRICES HAS NOW BEEN REACHED

Chicago, Aug. 2. —Although the recent wage awards to railroads employes and the increased rates granted the roads “Will add considerably to the general cost of living,” the peak of high prices has been reached, and there will soon be a “general descent,” Albert Levy, president of the manufacturers and importers association of America declared today in a review of conditions which was made public at the opening of the association’s annual merchandise exhibition. Price decreases will come very slowly, however, he declared, adding that too many foolish surtaxes was one of the chief causes of high living costs.