Milford chronicle., 1959-01-02

sections of the country.
"a. Real estate mortgage money
will be tighter in 1859 than in 1858.
Furthermore, due to imitation, it
will be worth less when due.
35. The demand for motels is
largely satisfied: but there will be
an increasing demand for very mod
ern apartment houses especially
of the cooperative type. Old houses
of all kinds will depreciate during
1859.
36. Woodland will continue to be
in demand during 1859. This es-
pecially applies now to pine, which
is used for the best lumber, and to
spruce, which is used for pulp.
Hold woodland in 1859.
81. More Russian Imports of pulp
wood may be expected in 1853: but
this should largely be Offset by
the increased domestic demand for
cartons and packages for shipping
and displaying merchandise.
38. Both timber and oil reserves
OF Canada will gradually increase
in value. am bullish on many
Canadian and African investments.
80. The greatest factor in deter
mining the price of city land and
businesses in general is the auto
mobile and availability of parking
space. This is responsible for both
the boom in suburban real estate
and the decline of city property.
Buying city real estate without
nearby parking facilities is a great
mistake.
40. was wrong in my forecast
year ago as to the Dow-Jones
Averages. Although many stocks
sell lower today than year ago,
the Dow-Jones Averages -espe-
cially the Industrials-sell higher.
However, will again run the risk
and forecast that they will sell
lower sometime in 1859 than they
do today.
Al. My forecast of the bond mar
ket for 1858 was current. / am in
clined now to reverse that forecast
in the case of long-term non-con-
vertible corporate bonds,-that is.
they should sell for less sometime
in 1853 than they are selling for
today.
AZ. | continue to forecast that
highgrade, cumulative. non-call-
able first preferred stocks will sell
higher sometime during 1859 than
they do today.
43. | repeat what said last year
regarding cheap" stocks: "The
large fortunes made in the stock
market have come from buying
non-dividend-paying common stocF
at $500 a share or under. These
will be the first to reach buying
level" If you are to buy these low
priced common stocks, you should
seek companies without too much
prior debt of cumulative preferred
stock outstanding. They are the
best common stocks for capital
gains"
A. Convertible bonds should
hold up fairly well during 1859.
As. The best investment policy
for 1859 is for one now to have q
good bank account SO funds viii
be available to buy bargains when
a sufficient break comes in stocks
bonds, real estate, and commodities
46. There will be many failures
in hastily organized electronics.
nuclear, and similar companies
during 1859.
AZ. With two or three exceptions
railroad stocks should be avoided
during 1859 and until a definite
long-range program of government
aid is assured
48. For steady income and fair
marketability, well-established u
tility stocks should be the best for
conservative investors not looking
for profit This especially applies
to cumulative first preferred nom
callable utility stocks.
49, The three handicaps to
American busines are the fear of
imitation, the fear of union labor
leaders, and the fear of President
Eisenhower's physical collapse.
So The three hopes for America
are our churches, our schools. and
a desire to ''pay as you go!" For
these to function properly we must
depend upon the parents of our
nation.