Milford chronicle., 1962-01-19

0J-GreSlQ6nL he0ueuy Will De
more favorable to big business"
in 1862 only when he is able to
use big business to increase en-
ployment Profit margins will not
improve during 1862, although
most Industries will do better in
terms of gross and volume
4O-Bond prices will not change
much during 1862, except in the
case of mon -taXableS". Euro
pean investors are buying Ameri-
can stocks and bonds feeling that
their money is safer in United
States industries and real estate.
Even the first mortgage bonds of
ranscOntinental railroads are be-
ing bought by Europeans. The
manufacturers of West Germany
are making huge profits through
the use of new machinery and low
wages. They are sending their
money to the United States to be
invested. They seem to prefer
suburban real estate, shopping
centers, and electric utilities. |
hope they are not buying into
too many ''fiy-by-night" new cleo
trOnicS companies.
41-Buying of Mutual Funds will
continue to exceed selling in 1862.
Considering that brokers make
much more profit by selling Mu-
tual Funds than by selling shares
Of individual stocks-and consid
ering the thousands of statesmen
selling Mutual Funds-this should
help stock prices during 1862. Re
member that the Mutual Funds
operators must go to the New
York Stock Exchange to purchase
stock to support these Mutual
Funds which statesmen are selling
in the field
42-The so-called service in
dustries" including education,
beauty parlors, travel, entertain
ment, and government positions
should prosper in 1862.
43-Among the fastest growing
industries in 1862 will be the plas-
tics and glass industries. These
materials win gradually take the.
place of wood, stone, cement, and
even some metals,-except as these
are colored. PlasticS and glass
will become more important build
ing materials and perhaps be us
ed much more for automobiles.
44-Some unexpected event or
discovery will cause the Dow
Jones Industrial Average to sell
much higher during the next few
years. AS an illustration of what
one of these unexpected events
will be, / mention the polymer de-
velopments in chemistry, includ
ing DINA" and "RNA". which may
provide the source of life and ex-
tend it-yes, perhaps restore it, in
special cases.
45-I am bullish on Canada for
safe investments during 1862. Cam
ada has a small population of only
about 100000, but it is rich in
natural resources and has a sound,
progressive government. | do not
expect nuclear war to be started
by Russia; but if it comes, Can
ada will be a good place to live
and to have your money invest
ed
46 South and Central America
also have great natural resources;
but most of their countries are
ruled by selfish dictatOrs. | be-
lieve most of our southern neigh
bors will suffer from serious in
Gation during 1862 and become a
great problem for the United
States.
47-Although the countries of
Europe could be the greatest suf-
ferers in case of World War III,
the people l meet in Europe fail
to realize this. l forecast that
they will look at the situation
more realistically during 1862.
4S-West Germany is very pros
porous; East Germany is in ter
ribre condition. Much unemploy-
ment exists in Italy, France, and
even Great Britain. | advise
against investing money in Europe
during 1862.
49-I am uncertain how to ad-
wise about Africa. But it is very
rich in natural resources-includ-
ing gold, diamonds. and almost ev-
cry metal-as we'll as having the
greatest undeveloped waterpower
in the world. Barclays Bank | am
personally dCQudlulSu Will anu
recommend. Both Barclays and
the Standard Bank are owned in
England and have a great many
branches; the latter has over $50
branch offices in Africa. Readers
who are interested in keeping in
touch with Africa may secure free
of charge the Standard Bank
Monthly Review by writing the
Standard Bank of South Africa,
10 Clement Lane, London, &c 4.
The banking of Northern Africa
is controlled by the French. |
would advise against putting mon
ey into North Africa during 1862.
50-The final result of 1862 =
whether it will make us a strong
er or a softer nation-spiritually
physically, and mentally-depends
upon our parents, teachers,
preachers, and newspaper pub
fishers. These, and not Russia,
hold the future of the United
States in their hands.