Jasper County Democrat, Volume 23, Number 52, Rensselaer, Jasper County, 25 September 1920 — PREWAR PRICES NEAR [ARTICLE]

PREWAR PRICES NEAR

LAW OF SUPPLY AND DEMAND SOON TO RULE. Federal Reserve Board Refuses to Aid Profiteers in Their Attempt to Keep Prices Up. . Washington, Sept. 24. —Gradual return to the law of supply and demand as a governing influence over prices and the end of “war wages” for necessary commodities, was predicted by government officials in explaining the government’s attitude on credit extension. Secretary Houston said request for credit could not be listened to where such aid might mean the preservation of high price levels. He added that many persons complaining of what they term the restrictive policies of the federal reserve board wish credit to enable them to hold their commodities until market conditions produce higher prices. Mr. Houston said the government could not lend aid under such circumstances without becoming a party to a conspiracy against the consumers, y Credit for marketing of commodities may be had from the local banks. Governor Harding of the board has told the representatives of the cotton aud wool growers, stockmen and farm associations who have sought the Influence of the board for the extension of credit Disposal of their stocks as the demand will absorb them, Mr. Harding strtd, will enable producers to liquidate their holdings and ease a falling market.