The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1956-12-28

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from low-yielding stocks to attractive
bond issues.
REAL ESTATE OUTLOOK
81 Home building, corporate ex-
pansion, and municipal improve
ments will decline in 1857. Therefore,
it will not be good year for spec
ulating in real estate.
%. Interest rates on mortgages will
be higher in 1857. Loans not ''feder-
ally guaranteed will require larger
margins.
%. Real estate in large cities will
continue inactive with declining
prices due to lack of parking
facilities.
"a. Suburban real estate will con-
tinue active, but fewer new houses
will be built. Houses will be for sale
by executives who have lost their
well-paid jobs.
Is. Purchasers will give more
attention to the size of the lots than
to the houses. Better locations can
be secured by buying existing houses.
Modern kitchens will become a
must"
26. Acreage near proposed shop
ping centers will be excellent for
speculation. The automobile will con-
tinue to raise havoc with real estate
prices, helping some locations and
hurting others.
27 New inventions in connection
with heating, lighting, and other
features will make most older houses
obsolete.
28. Large commercial farms will
continue prosperous. Small farms on
the fringes of cities will be more
valuable. The outlying medium-sized
farms will be both expensive to
operate and hard to sell.
20. The nearness to schools,
churches, stores, and bus routes will
become a more important factor in
the resale of homes.
30 Those wishing to own we'll
located home to occupy will find 1857
a good year to buy or build; but a
dangerous year for speculation.
STOCK MARKET OUTLOOK
81. 1t is foolish for anyone to now
| forecast the stock market for 1857.
The Dow-Jones Industrial Average,
now around 400, may decline to 400
or advance to 600 during 1857.
80. All investors will want safety"
but wise investors will first decide
whether they also want income" or
profit" Only by luck can you obtain
all three features with certainty dur
ing 1857.
33. Investors can buy, during 1857,
well-seasoned preferred stocks (pre-
ferably cumulative) which will give,
with safety, a yield of near SO. /
will gladly send, free of charge, a
list of such to any reader so request
ing.
"a. During 1857 good utility stocks
should be attractive for yield and
marketability. The e m n d for
electricity will continue to increase
throughout 1857.
35. The above two recommendation
apply to those in moderate income
tax brackets The investor in medium
or high brackets will buy during 1851
non-taxable state, municipal, or town
bonds carrying full faith and
credit" Taxes will gradually in
crease during 1857, and non-taxable
bonds will be more In demand from
wise investors.
sc. am not now prepared to advise
readers who do not care for income
but only for profit. AS above stated
the Dow-Jones Industrial Average
may approach, during 1857, either 40C
or 600. 1t will be very easy to make
a mistake by either buying or selling
stocks at this time, except for
intelligent switches. | am. willing tc
say, however, that readers should not
get panicky and sell their oils. Even
Gulf Oil, which has the largest inter
ests in the very rich Middle East
fields, should not be sold.
81. All sensible investors will carry
good bank balances and reserves dur
ing 1857 so as not to be caught, what
ever happens.
3S. There should be no panic in the
stock market during 1857. Stocks will
either fluctuate near their present
levels or else will gradually slide
downward or upward. 1t will be risky
to borrow money to buy stocks ir
1857; rather, one might sell stocks
to get out of debt.
80. The way to make money In the
stock market is: ID Confine youl
purchases to the stocks of the leadinf
companies in each industry. a.
Diversity moderately and do not try
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