Milford chronicle., 1957-12-27
Is. | forecast higher prices for

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attractive bond issues; fear of war
will rule all markets.
20. Bankers will fear that the
government-as a part of the cold
war-will appoint dictator to di-
rect the policies of all national
banks, the Leading stock exchanges.
and investment dealers.
LABOR OUTLOOK
21. There will be a general fear
that the government-as a part of
the cold war-will fix wages in
many industries and prevent fur
ther increases during 1858.
%. The revelations brought about
by the investigation of the Teams
ters Union may lead to important
new labor legislation.
%. The Taft-Hartley Law will not
be repealed in 1858, and may be
made more severe. Much, however,
will depend upon President Eisen-
hower's physical and mental condi-
tion.
"a. Congressional attempt will be
made to eliminate the present ex-
emption of labor unions from anti
monopoly laws.
25. 1858 will be a sad year for
labor leaders. / forecast that there
will be an increase of unemploy-
ment during 1858.
26. l forecast that with the poss-
ible exception of the auto industry,
there will be no national strikes
during 1858.
81. | forecast that automatiOn
will'slowly increase during 1858.
%. If wages should be fixed as a
part of the cold-war program, re-
tail prices will also be fixed.
29. All workers, especially office
workers, will be more efficient in
1858. 1t will be more difficult for
the next group of college gradu-
ates to get good positions at high
wages.
80. For the past few years labor
has been sitting in the drivers seat.
Many industrialists and political
leaders have feared that the coun-
try is headed for a socialist or la
Dor government. A cheerful sign
now is that such fears may, tenn
porarily at least, be forgotten. The
American working man is himself
becoming disgusted with too pow
erful labor leaders. This should be
good news to all honest employers.
OUTLOOK FOR REAL ESTATE
81. Land adjoining cities and
towns will increase in value during
1858. This especially applies to
small farms.
32. Large commercial farms will
continue to prosper during 1858,
but the small farmer will continue
to suffer If dependent on farming.
33. Under an economic dictator,
farmers would receive no increas-
ed price supports. If farm prices
are fixed, they will be at lower
levels.
"a. Large cities may continue to
lose in population. Large city real
estate will sell for less, for fear of
Russian missiles.
35. The growth of suburbs will
continue, although many houses
now occupied by well-paid execu-
tives will be forced on the market
as their owners lose their present
high-salaried positions.
Sc. Construction activity in many
communities will decline. Older
houses will come on the market.
81. In many sections of the coun-
try there will be greater demand
for cooperative modern apartments
than for single houses, although old
apartment houses will sell for less.
More young people and old people
will insist upon every modern con-
venience and upon locations not
absolutely dependent on automo-
biles.
38. Well-located woodlands will
continue to increase in price. This
certainly applies to pine wood
tracts, especially in the South.
80. Canadian oil reserves should
begin to recover in price unless
there is rationing of gasoline In the
United States in late 1858.
40.. The most important factor in
connection with real estate is the
parking problem, which is curse
of almost every city. Suburban
real estate and farms owe much to
the automobile, but the automobile
industry is now reaching stage
where it could revolutionize pres
ent rear estate prices. We owe the
automobile industry debt of graf
itude for our present prosperity. 1t
is a bellwether of general business
for 1868. 1t is, however, like every
thing else, subject to the business
cycle and may be a cause of the
next depression. Another probable
cause will be the failure Of one of
the big corporations whose stock is
among the $50 Blue Chips" of the
Dow-Jones Industrials.
STOCK MARKET OUTLOOK
Al. The "bloom is off the stock
market" We will have rallies and
reactions during 1858, but the
broad trend will be downward. This
is the first time for many years that
| have said this in my annual re-
port. There is too much talk about
missiles, bombs, and fallout.
AZ. While the stock market has
been going up during the past few
years, the bond market has been
going down. The reverse will take
place during 1858. While the stock
market is going down, the bond
market will begin to creep upward.
This especially apples 20 tax-free
bonds, the purchase of which l
strongly recommend.
43. Good. cumulative non-callable
preferred stock will also be in de-
mand during 1858. Owing to the
money market, they recently suf-