Milford chronicle., 1948-12-31

tho 60. 60 Il wages are too high, organizad ,oho
organized voTko iu t ou "nen business declines I'm
90 tbr WORKERS have the steadiest iohs 90 On, oL
% 'a1ough l949 without losing Their anu VIII
for nonioo UAe IaDor leaders will during 191o ,.,
bo laion systems and sick benefits Tbi W. WI "A a
e.. oIiSII ucuVe program for emnlovers - "OlAu
"noIu 10 DO 1t, but many emDlovere 80 1lo VINO can
5 ~" these benefits at this time Roth -lOt - alIOIu
nropram WORKERS viii some day unite in urpi9e e'
the I,oa %nlcH Ti VIII give steady work tbroTobot
eHe year This is the best hone for io SIilUugnout
tioJ bLIcKayers, painters and CARPENTERS
bnt Nc eOuay Ior doing such small amount of VII
@ out we must remember the MANY dave - u "OFK' W
tiOns. " weather and other cOndi-
INITIATION
sumntion innauon na thigh prices) comes when con-
gati exceeds production. This means tho =;
80 b can De checked only by increasing nroJ'.i m
nrtcoe uns dl tne money supply The lob of gattinn
inanoo1'o uo~H toGay depends therefore upon Vbo3
iallasenent and labor produce per bour W. "Iat I'D
meVe Jhat wage increases during 1949 will b o De
pTodtiy Dy corresponding increase in the ner hour
pIouucuOn OF the wage workers ~ Pei HouI
81 Some object to the large rroe., -. ,
edmpioVers are getting TODAY cOrnoroJ % atL 'A5II
i Z. IT, however, should be remembered that dr.
nroet teSe oppression years employers had no
p pIomIS whatsoever We forecast that nroe+ ~ :II az
commune to be regulated AUTOMATICALLY bv tb VIII
mant anu demand rather than by the govern
=, 81: AT some time during 1949 wa foroooo4 -.
1le point Will be reached where the natiors .aS
IIoney supply will have become fully en,rloIo5
4ti emphasis may Shift from efforts to stoD in
STOCK MARKET
%; IS49 may not be better year stoclr ,oor,,o+
% aG tlan 1913. Investors will especially pet oIt s
in hj UTlPaHieS winch have most of their assets
~ Dig Vulnerable in case of war" cities roi1rot
ing IN companies whose assets are ,ToI
and safe from attack 0 "0il distributed
1onos o. Ine Administration will not want the Dow
S INDUSTRIAL Average to go too high on ooooT,4
u tne consequent effect upon abor's demands C
"oudty speculation will continue to be cnrbad O0'l
winners in %Sest viii not try to pick any special
VINO have too many stocks will gradnaI bii5 HOse use
5OOu reserves, in cash or Governments for tL hp Gp
f feSh %nicn Will come some day Careful buverS
= SUCKS VIII insist making full navn1ont 'o5
-Void borrowing during 1949 -1'''' anu
- 90. oaIe dividend paying stocks will he in
: 1ttsSS demand especially if double taxation IN
lVluehus should be eliminated N
BONDS
o. we are definitely bearish on low-counon
@ aLe, l0ng-teTm taxable bonds as monev rates will
radually increase. S VIII
So. II Congress should EXEMPT dividends from,
ouOle ieueraI taxation, 1949 will see further foil
Q oo 0l III tne prices of certain tax-exempt bonds
tor We IoIecaSt no change in the nations mon ;
ates during 1949 O' anu interest r
AZ: investors will give much more attention TO
atita o. III IS4S and will try to have their bond
0i'neI IdlIly snort or staggered
REAL ESTATE
o,ib 10y 10y real estate will continue to hold firm .
Uush 1919 cue to less available rental snace canS x
Dy puIllng down structures to save tavae oro1d p
arking spaces etc There also is NEUTRALITY-SUSPICIOUS. d
gh costs " VIC" u 'He present ~
AZ. Suburban real estate will continue in fair
fading of prices VIZ De Soilie n
40, big commercial farm acreage will sell for tb
% uuIln8 lS49; but subsistence farms located in
ice. VIII hOlu up In IN
= "A. General building will decrease during 1949 :"
- .mnOush the cost of building may decline a little
'e gu"lly OF workmanship will improve
no both Office and residential rents will no
9leI III 1899 only as property owners are granted
7he 81 renIals Will there be enough houses to rent
40 mortgage interest rates during 1910 will
!, n'inue nue. ABOUT the same in 1948 Anv changes
Il De toward increases
POLITICS
a. Ihe Administration will encourage Iegiti
-'c ne" enterprises and full employment cOntnu- Z
iCs loyalty to labor and the farmers \
10 vacancies in the various commissions and :
I .eIHiheht corporations organized since 1922 and
" lcn nave great powers will be filled bv men ac
aiteu @ with legitimate business but friendly to % %O
4S. Congress will take our foreign policy ont du'
e hahOs OF the State Department and the Brass POI
U.s. mil
oU' me Administration will be fair bOtb IN bee
~ cCiols OF 1850 by bringing on depression Tho
VI ana management lose the Congressional con
wit
pov