Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1952-01-03

raise planting quotas as part of its
attack on initiation. If the weather
is extremely favorable, the govern
ment will be asked to give away
surplus crops.
Is. With prospects good for a
rising supply of feed grains, most
meat should be more plentiful next
year than in 1851. Prices for beef,
however, will be held up by high
wages and military needs.
LOCAL TAXES WILL
Re HIGHER
16. The burden of Federal taxes,
both corporate and personal, will
not be increased again during 1862
above the advance late in 1851.
State and Municipal taxes, how
ever, will go higher again.
II. The above forecast is based
on the assumption that unless
Stain starts World War III during
the early months in 1852, he has
made up his mind to forget World
War III until the United States
and our Allies again go to sleep"
which NAV be some years hence.
We give this as a definite predic-
ton as to the outlook for World
War III.
IS. There are three ways of pre-
venting initiation: (1) increased
production; (2) decreased spend
ing; and (3) as a last resort, in
creased taxes. I forecast that the
current exploitation and accom-
panying fear of imitation are noe
yet at their peak for this business
cycle.
10. States and Municipalities
will again be under pressure to
find adequate sources of revenue.
Further increases in sales taxes by
States and Municipalities can be
looked for next year.
20. There will be no increase in
luxury taxes" during 1862.
DOMESTIC TRADE
UNCERTAIN
81. Credit curbs will continue to
hold down the demand for auto
mobiles and certain household
equipment. Compilations of fewer
dwellings will also act as damper
on furniture sales.
%. Falling demand for hard
goods should stimulate the public's
spending for food and lower-priced
soft goods.
%. The above trend forecast will
mean decline in department store
rotatmae. predict rise in the sales
of variety and drug chains.
FOREIGN TRADE OUTLOOK
"a. I believe that armament is to
become a new and permanent in
dustry, at least for many years to
come. Airplanes, tanks, artillery,
guns, and munitions will constantly
be replaced as they become OBJ
solete. This new activity will op-
crate as the automobile industry
has operated. I forecast that this
will be more and more recognized
1852.
25. Barring new war Develop
ments, I look for continued shrink
age in our civilian exports during
1852. IMPORTS, however. may rise
furt her. Exports to South America
will be off. Total FOREIGN trade
should not be CHANGED much. but
the exnorters will be on the short
end of this business with the i'm
nor+ers gaining.
rs. EXCEPT for war supplies, it
will become more difficult tn con-
vince CONGRESS- that additional
heavy credits should be granted
abroad.
81. Manv domestic manufac-
turers will feel increasing compe-
tition from foreign merchandise. A
,rv for increased tariff protection
will be heard: but no radical tariff |
legislation will result.
NOPE nEETCTT EINAN~rNc
%. The first quarter of 1862 NAV |
actually see budget surplus as a
result of high National Income and
increased taxation Rut. a Federal
leficit will surely arise during the
of the wear.
29. Government loans will grad |
lo11u iporaaeo J,,.: 1oeo