The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1957-12-26
A LOOK INTO .58

Next to the Russian situation, Pres
ident Eisenhower condition will be
of supreme Importance What its in
fluence upon Russia will be, nobody
knows 1t probably will not affect
general business. believe that for
some time our president has not been
making important policies and, much
to his disappointment, his recommen-
dations have been largely ignored
The major effect of the president S
condition will be political. Those close
to the president, for both friendship
and political reasons, are hoping for
his recovery both in health and in
memory Others in charge of the Re
publican party, anxious about his pos
sible Interpretation or death, would
like to see him resign and drop out of
the picture in order to give vice1presi-
ident Nixon a good buildup in
the hope of re-electing the Republican
party again in 1860.
For evident reasons, the Democrats
are hoping that vice-president Nixon
will not have an opportunity to func-
ton as president before the coming
election. Therefore, President Eisen.
hower's condition could greatly in
fluence the political situation during
the next few years. This would cause
uncertainty and retard large corpor
ate expansion programs as well a:
consumer buying.
l cannot believe that Russia want:
World War III; in fact, l am con
fident that Russia will go to some
lengths to avoid World War III. Ii
case of any retaliation by us, Russia
would suffer great losses. Moreover
if Russia has any hope of conquer
ing our country, she certainly wishes
to preserve our cities, industries, anc
other valuable assets. Russia has lanC
enough now; it is our industries which
Russia wants. This also applies t.
England and Western Europe as wei
as the United States. Therefore, m.
forecasts for 1858 are as follows:
/. The present cold war will be in
tensified during 1858. This will in
crease fear OF war, which coulc
greatly affect retail sales.
g. Russian policy will be aimed a
securing control of the United States
the countries of Western Europe, anC
the Middle East by infiltration.
3. The cold war costs the United
States billions OF dollars annually
This can be paid for only through
increased taxes or initiation, or by the
adoption of the Hoover Commission:
recommendation for radical econo
my.
a. Profits will be further squeezed
during 1858, as a result of higher
costs and pressure for lower prices.
S. Competition at all levels will in
crease during 1858.
6. Only more advertising by both
| manufacturers and retailers will en-
able them to keep up their present
gross volume during 1858.
Z. Failures will increase in 1858
These will apply mostly to small con
Germs, but some one of the big com
panies in the Dow-JoneS Average:
may collapse.
8. Predicting lower total volume
of business for 1858, compared will
panies in the Dow-Jones Averages
modify prices. Expect a gradual de
crease in the cost-of-living during
1858.
8. Wise labor leaders will hesitate
to fight for higher wages, but viii
try for shorter hours. pensions, ano
other "fringes."
10. European countries will have
less to spend for American goods, anc
foreign trade will decline in 1858 com
pared with 1857.
MONEY OUTLOOK
IL. Money will continue to bt
tight during 1858 for new borrow
ers who have not established a salts
factory line of credit
| II. Owing to declining demand
for funds, interest rates will declin,
in 1858.
13. Concerns with large numbers