Milford chronicle., 1948-12-31

laes tho "a "a 'oiume OF business for 1949 will b
soft spots. surely VIII Oe man
GENERAL BUSINESS
"lOSt industries will show smaller net DrOfts
! less in 1949 eases uIVlueHuS VIII o
Military preparedness will he a new and nov,
I -. - INDUSTRY which this country never heret0for
IN peace times 1t is destined to bolste
Iard-Of-livng 9 e"U' Dut NOI the SIdhu
49,. =. inventories quoted both at their dollar val
@ ~o9 anu anu m volume will increase during 1919 BotT
in praa+or pies and manufactured goods will be
" e'0"'eI supply during 1949
COMMODITY PRICES
ed IN ,o20 [auonlng or prOTties may be ATTEMPT
~ 1919 The public will make demands for price
controls IN the case of certain prodncts RaUare oF
ihstallment purchases in 1949 y
o. we expect the peak in wholesale commodity,
f e0' mas Deeh reached for this cycle We there
tino "a ouulse gong easy on inventories 1949 is a
ii"e " get out of debt and STAY ont of debt
. {. The retail price of some goods Ctbor tbo
boIio,o p'OGucts may be higher during l949 but we
Jorleve Lnat the COst-Of-Living Index has turned
8. Retail price changes Iap oftor vbo,oso,o
lt pIcg changes. This explains whv we exnect MANY
ie'adI prices on good quality merchandise tn boIS
- -0' ""i'iie aIIer wholesale prices decline
g. The total farm income for 1OAo sbov,d -
go man tlat oI lS48, due to lower prices for wheat
Farmers sbpUI poultry eggs and certain dairy products
t"eIs shOuld diversity more in 1g4g get ont 0f
aeDt' putting surplus money into savings oJ VI
[Or real trouble some dav e' anu prepare
hiS ~ Ihe supply of certain vegetables and fruits
iig increase during 1949 The price of these
5noulu Ilu TaI on, barring some weather insect or
blight catastrophe o"'"0'' i"SecI VI
IL IL Poultry and dairy products will also in
IeaSe IN volume during 1949 prices averaging less
nan 1948 prices. '"e'ie less
r. Farmers will continue to vvor,, ,or o,,.ou
n. LUIS VI SUBSIDIES The above four Farm Forecasts
lSSuhe ,S normal weather. drought couId nnsef
TAVCC
Turing 1949 Will not De decreased
o,o IA Federal taxes will not be decreased dnrin0
04S' out there may be some readiustDoantg ~ rs
ourage venture capital and to ease tbo t b ~ 5ll
n wages. case 'He TAX burden
:, sd0 To- we forecast that an attempt will be made
enact Local 90 y, p9t cengs upon real estate taxes
iii To- ro,di1 dhe lo1g-term capital gains tax of 25
RETAIL TRADE
II. Goods on counters will ha of bo+tou ,r-os.
1949 win Oe oI DeIer grade
.soL,S LS. There will be many "markdown sales" of
iII loI quahty goods CuTbs on nstallment buvine
IS. The dollar value of all retail cole. :, ,o,o
ioud0 a0 ABOUT Dol equal that of 194S perhaps off So
90 6V me unit volume of retail sales will he less
I949 than in 1948 ~ 0 ieSS
FOREIGN TRADE
Il Our foreign trade will remain about +b
me we snail continue to help Europe: but il viii
on a more efficient basis - "'i'
- 1oIo. - 1Oi0l6H CIeOlLS Will be granted dur-
Lo5S' Dut these mostly will be direct to business
20 IheTe will be greater competition from
Ier countries in legitimate foreign trade who're
e credit is good en ''"ue where
"a. throughout 1949 war talk will continro.
: NJ no Leal World War III will start in 1910 WAR
'EFA AFtAIlONS WILL CONTINUE
LABOR OUTLOOK
%. GooG business depends upon two things.
reasonable wages and (2) reasonable prices
ISn DOth OF these factors are in balance there is
~ ~ BUSINESS; out when they get out of balance
- lOt uOuDIe. Low prices are of little helm when
1Pte nave hsumclent wages with which to buv.
! !. - also true that good wages are of little use
prices prices are too high for people to bnv The Taft
itIey Law Will be repealed or amended tn on
DductiOn. P'O'e0IlOH ana increased
90 1O' 81 me income Of wage workers must increase
oS an auVahce IN prices. COntrariwise too high
CoS S Always precede decline in employment and n
y 9tS, ms downward cycle leading to unempIov- il
no3 iioy Deslh IN lS49. Much depends upon crops
Iii L1aDOE leaders who get increased wage rates
- ~@'y set reelected, while those who do not get q
31 sc Increases are liable to be defeated Hence
- leduers nave naturally kent urgine higher
5eS' atnough they may feel in their hearts that O
5o9 are nigh enough for the time being We fore H
@ tnaI iS4S Will see some change of attitude in
tesaId and that wise leaders will be more in eI
S'eQ IN preventing the bust" Ia