Milford chronicle., 1962-01-19
LABOR FORCE EXPANDING
Babson's Business And Financial Forecast For 1862

sews) the material into beautiful
~ finished goods of different col
ors.
20-We will hear more about
automation during 1862. But the
cost of building automatic fac
tories is so great that the change
is coming slowly. Even electron-
les has been oyeremphasiZed.
21-There need be no unemplOy-
ment among steel workers during
1862. But Government unemplOy-
ment figures will remain high.
Foreign competition, due to low
wages abroad, will be an important
factor. Women will prefer to work
in air-conditiOned factories and
have their home pantries filled
with precooked foods.
22-Labor unrest will grow in
extent and power. The Kennedy
Administration is friendly to un-
ion leaders and their demands.
There will be demands for more
''fringes" in 1862 A steel strike
is possible.
23-This means that with in
creased taxes. prices of retail
products will be higher. This will
be blamed on imitation" of money;
but it viii be due TO imitation of
living standards.
24-The real value of the dol
lar will decline slightly during
1862, due to the decrease in the
productivity of labor. The cleo
tronics industry will temporarily
suffer in 1862 if atomic warfare is
outlawed. But otherwise the cleo
tronics industry will increase for
some years to come and hold up
the dollar value Watch polymer
chemicals and "epoxy" cements
25-There will be enough mon
ey for mortgages insured by the
Federal Housing Administration in
1862 Plenty of money will be
available for mortgages guaran-
teed by the Veterans Administra-
ton, although this supply varies
with different sections of the coun-
try. Interest rates on conventiOn-
al loans not having any govern
ment guarantees will be a little
higher. Real estate people will
worry about the public's desire to
build, rather than about their OBJ
tanning mortgage money.
26-The kilowatt hours of cleo
tricity produced in 1862 will ex-
ceed the total of any previous
year. This is favorable to utility
preferreds.
27-Steel production in 1862 will
exceed this years 100 million
tons, but the increase will come
from producing steel in colors.
2S-Cement production will be
about the same in 1862 as in 1861,
but the industry's capacity to pro-
duce is increasing too rapidly In
view of the demand. The cement
manufacturers must give more at
tentiOn to cOlOrs.
29-Expenditures for plant and
equipment in 1862 will increase,
supplemented by large appropria-
tions for repainting factories and
offices in many colors.
30-Newsprint production de-
pends upon the number OF news
papers and the amount of adver-
Using sold. | forecast a decline
in the amount of newsprlnt SOLD
during 1862, but advertising re-
ceipts may increase through the
better use of colors. This may re-
suit in the increased use of coat
ed paper to better take color
printing-with a 500 increase In
advertising rates.
31-Furniture manufacturers are
marking up prices so that young
couples will buy furniture IN the
raw and paint same themselves.
32-There will be some increases
in color TV sales in 1862. In fact,
| think the present TV market is
far from being saturated.
33-First-clasS postage rates
viii not be increased during 1907.
Hence, more money will be spent
on direct mail selling. This should
help Job printers in 1862, as their
present margin of profit is very
small. Billboard advertising Will
increase during 1862, due to new
kind OF paint.
34-Lumber will do well to hold
its own In 1867 anu HiuCH VI ~
Will be sold colored. Wall-to-Wall
carpeting will become even more
popular, reducing the price OF the
best hardwood floors.
35-FeWer scatter rugs VIII
be sold in 1862. Rug dealers must
go to brighter colors, even Tor
"orientals".
36-One of the greatest develop
ments during 1862 will be the IN
creased use of color in homes
offices, stores, and factories. TINS
should increase both the demand
for and the price of good paint.
37-Exports will probably IN
crease during 1862, but the sur
plus of trade in favor of the UNI
ted States is constantly decreas-
ing.
3S-President Kennedy is en-
couraged by the recent elections IN
New York, New Jersey, and Tex
as. This Democratic trend VIII
continue during 1862. notwlth-
standing former President Elsen-
hower's campaign speeches.