Milford chronicle., 1954-12-31

marked change in suburban vacant
land, except for Uarking. / am very
bullish on land anywhere suitable
for parking.
36. BUSINESS PROPERTY. II
foresee little hope for Improvement
for such property in the larger
cities during 1855. Business proper
ty in the suburbs has not been so
inflated. and therefore viii not be
so vulnerable to declines and high
taxes
81. INDUSTRIAL BUILDING. The
construction of new industrial
plants gives every indication Of
continuing to mark out down
ward course during 1855. I forecast
that the brightest spot on the con-
structiOn horizon for next year is
the prospect for increased munich
pal constructiOn,-schools hOspit-
ais, etc.
38. RESIDENTIAL CONSTRUC-
TION The building of new homes
has held lat very high levels during
1854 Although I expect the trend
of new home prices to be downward
during the year 1855, they will still
persist at very high figures, at least
during the choice Of purchasers,
even though older homes give better
values.
50. TAXES. The Eisenhower Ad-
ministration has clearly recognized
that expanding business and in
creased expenditures for plant and
equipment are the true sources for
rising employment and more jobs.
I forecast a continued aim during
1855 will be to have taxes aid busi-
ness-and thereby help employees
to more md better jobs.
! 40. INCOME TAXES. I forecast
there. will be no further relief, in
1855, Of the dOuble-taxatiOn feature
on dividends or Of the $50 capital
gains tax. Furthermore, corporation
income taxes will not be permitted
to decline as scheduled next spring.
II forecast that, unless business
slumps more than I anticipate dur
ing late 1856, there will be no re-
ductiOn in personal income taxes
next year, except to correct some
technical errors. Any relief for the
individual small" taxpayer will be
saved until the election yeRr 1856.
Al. POLITICS. The really big
political news in 1856 will not be
made by the laws that will be en-
acted, but by the tremendous prep
arations for the 1856 presidential
campaign. Those who claim that
/ President Eisenhower is at heart a
/ liberal and will get along we'll with
a Democratic Congress should re-
member the lessons Of politics.
+ AZ. WORLD WAR III. In my Opin-
ion, the initiative in international
affairs still rests with Russia. The
| IKremlin is not yet ready for an
about attack and no one in the
West wants World War III. Malen-
Iov is now pushing a peace Often
sive." I am referring here to the
/ year 1955-Over the long term,
still feel that a major holocaust is
inevitable, but forecast no World
War III in 1856.
43. FOREIGN AID Our foreign
efforts during the year will con
tinue to aim at plugging the leaks
and building new dykes against the
flooding tides from the East.
forecast we will work hard to builC
/ up Europe, with Germany as the
core; but Russia will make spec
tacular gains in the Far East, par
ticularly in India.
A. FOREIGN COMPETITION. As
Germany rearms and the Brussels
Treaty Organization goes into gear
/ forecast further improvement il
Europe. Competition from European
manufacturers will, however, in
tensify. Reciprocal trade deals viii
be pushed. / would not be sur
prised to see a decline in our ex
ports in 1856 and an increase il
imports,
As. CHURCHES AND CHART
tiles. / forecast that the spiritua
Z awakening which started in 1876
viii continue into 1858 with al
I, increase in Church members. Thi
is a very important sign Gifts Il
I charities will also increase, due Il
, the more liberal allowance on take
up to 300, provided 1919 goes t.
churches, schools, or hospitals.
2 46. TRAVEL AND SPORTS.
forecast more money will be spen
! on travel and sports in 1855. This
I becoming an important new indus
Z try and should especially bench
! Florida, California, Arizona, NeN
S Mexico. the Great Lakes Region
New England, and the Northwest
a.. NEW METALS AND ALLOYS
D Next to air-conditiOning, / expeC
q great growth ia the use Of nel
s metals and alloys. / forecast tn
j, rare-meta1s stocks will be sough
] in 1855 as were the oils in 1854.
rs. ADVERTISING. / fOrecas
businesses spending in this field vii
d increase further in 1855. It not onl
2 is the salvation of individual busi
e nesses, but is the best stimulant 70
national prosperity.
e 49. POPULATION. I forecast tn
e population viii continue to IN
= crease during 1855, with a CROWN
/. percentage of young people bs
Y tween 18 and %. This means
{ greater demand for clothing CO.
Z lege education, and especially 70
e new school buildings
q so. CONCLUSION. Develop Faitl
d Meditation, Health, and Goo
b Works-with more attention to you
family create reserves for rel
z trouble which some day will com
: GO TO CHURCH,
SHOES way 70 SCHOOL