Milford chronicle., 1955-12-30


Of the product-to the benefit of all concern
ed, including consumers who are offered fine
buys.
THE HOG SITUATION
Hog prices have declined sharply Of late.
The reason the hog market is SO low is that
there are SO many pigs going to market. The
reason so many pigs were produced this
year-nlore than 100,000,00 ,000-is that prices
on hogs were good a little more than year
ago and corn prices, depressed by a total
supply of some five billion bushels, have
been dropping. When corn is cheap and
pork high, hog production goes up and hog
prices go down.
This then is an example of how the law
4 OF supply and demand works in a free mar
ket. Almost Invariably scarcity makes for
/ nigh prices and abundance for lower prices.
! The producers and sellers of every commod-
lty in general use are subject to the laws
workings. This year, for instance. autono-
bile dealers have found themselves hard
pressed to dispose of the roaring flood of
cars the factories are making, and as a con-
sequence consumers have been offered ex-
ceptionally good buys.
Going back to the hog situation, what
should be done? One important help lies in
current campaigns in which packers. re-
tallerS and others are participating, to pro-
mote increased pork consumption, and to
pubhclze the bargain prices now prevailing
Also the government is to buy S85. 600 600
worth OF pork products-not for storage.
out Tor consumption in the school lunch and
other established programs. And, of course.
there is talk about government price sup
ports for hogs. The chief answer lies with
Slashlng hog numbers. Price propping for
hogs could only encourage the inefficient hog
feeder to feed this winter.
~(@eNSg
TAX PHILOSOPHY
It is now generally believed that--barr-
.ng some unexpected calamity-there will
be moderate reduction in federal taxes
next mex. year. Leaders OF both the parties have
indicated as much
There is considerable disagreement, how
ever, as to what philosophy should prevail
when Congress starts revising the tax laws
again.
One group, for instance, holds that any
cuts should be confined to the lower income
brackets, and not extended to the HIGHER
brackets or to business.
From q purely political point of view. |
this might be profitable From the viewpoint
OF the welfare Of the country, however, it |
cannot be justified. Our population is grow
ing by leaps and bounds. Within the next
10 years millions upon millions of people will
join the labor force, and seek good Jobs. To-
day It takes an average of $4,000 to create |
J 9ktggS SAAT ~ JASk OuG s--lOO IN American 1
industry. Untold billions, consequently. must
3e invested in the relatively nea- future if +
run employment is to be realized. The pres
ent tax laWs-which allow for taxes as hioh
as 9z per cent OF corporations taxable in
come and 81 per cent of individual's-are an
obvious burden on economic growth Thev
don.t leave sufficient capital in the hands of |,
business 5 ana individuals to permit saving
ana investing at the levels which will be L
needed
!, Any sound new tax law should distribute
.ne 3enehts equitably all along the line-to
people oT small and large means, and busi-
ness enterprises Of every size and kind.
A RULE AND ITS KEEPING
Wnat with all the research work being
zone on highway safety, sometimes it seems L
wonder that there are any accidents at all. Is
/ ne motorlSt is bombarded from every side
Win advice on how to drive and what to do !
n every emergency.
The most recent piece of advice from the d
National Safety Council is directed to wo-
nen: Don't, they are told, drive while wear : !
ng high-heeled Shoes High heels may slip
1T Jne brake or clutch pedal at a critical Il
moment. Remedy: Keep a pair of comfort $
.ble loW-heeled shoes in the car and wear e
hem for driving s
It sounds simple, and it makes sense. The N
MY trouble is that this counsel like a lot of v
Vnef wise counsel about avoiding accidents, {
$ more likely to be ignored than Needed.
If all women took to driving only in
Ow-heeled shoes, obviously there would be
p more accidents because of high heels slip-
ing. And if all drivers really acted on the "
arrage Of good advice about accident pre- 7
enton, the number of accidents would be s,
realty reduced. Cooking up sound rules II,
the road is not difficult. The real trick is to o
ct people to follow them. N