Milford chronicle., 1962-12-28

Scan the advertisements we'll. This
especially applies to merchandise
that depends more or less on style
such as dresses, coats, hats a n @
shoes. Buy good-quality items that
can be passed down TO the young
er children. Over all, expect 1868
to see Somehat higher level OF
retail trade than has prevailed in
1862.
/ Purchases made at real mark
downs could be good cause fo
| opening a new charge account. But
be very careful to build UP a name
for good credit You can arrange
to pay some in 80 days, some in
so days, and some at 80 days, bu-
be sure to pay a little before your
account is due. Good credit at a
good retail store will help you and
your husband Tor wife) when you
may need this credit later to buy
real estate or start a business oi
! your own.
Cuban Outlook
l forecast that the Cuban prob
lem will not be settled in 1868. 1t
may extend until after the 1854
presidential elections The Rus
slams have removed their missile
installations and bombers from
Cuba, in accordance with Presi-
dent Kennedy's demands. In return
Mr.. Khrushchev will undoubtedly
want some concession IN Berlin
or in Turkey which now bottles
up Russia in the winter due to
Turkeys control of the Dardan-
elles.
! Khrushchev must placate his
people at home by improving rath-
er than reducing their standard OF
| living. / saw this very clearly when
was in Moscow. He helped Castro
/ only so that he would have some
thing to trade with the Unit
States, either in connection wi t b
Berlin or with our bases which we
now have in Europe KhrushcheV
expected to later withdraw FIR o m
Cuba when he first decided to help
Castro He knew Russia could
continue to use Cuba as a base for
Russian submarines Now bot
Khrushchev and Castro are looking
to save face at home.
Some think the Cuban fracas will
make President Kennedy m ch
tougher with labor here in t h G
United States, but I disagree. La
Dor leaders may be more reason
able in theiI. demands, but they
will continue to have friends a 1
the White House.
Labor and the Profit Margin
Readers should realize that h G
steel workers can reopen their
wage contract after May 1, 1868
The settlement of this contract
will be very likely to influence
other labor disputes, depending
largely on international conditions
/ feel that our country is be-
coming immune" to crises, b G.
lieving that the cold war will con-
tinue for years to come. There
however, will be no nuclear war
within our generation; and no in
ternational war of any kind in
1863.
Labor should begin to realize in
1868 that wages finally depend up
on the employers margin of pro-
fit. The year 1862 has seen many
employers close down because OF
their slight margin. Small busi-
nessmen both manufacturers and
retailers must have larger mar
! gin of profit in order to exist
There are too many mergers into
bigger units and too many failures
Of worthy employers Labor lead
ers are largely responsible for this
can result in much unemployment
| A tax cut will not solve this diff
ficulty.
Commodity Prices
Nineteen sixty three will see
many basic commodities sell 70
lower prices. Despite domestic pro-
duction cutbacks for many raw
materials, world supplies will con-
tinue their uptrend These surplus
es in world markets will place ad-
tional downward pressure on
commodity prices in the us. There
will be exceptions in hybrid corn,
Idaho seed potatoes, and other Sc
lected crops. Much depends n
the weather and the ability to hold
over surpluses.
Prices of peaches, apples, citrus
and other fruits depend principal
ly upon the weather. Improvements
in canning, freezing, and storage
have been greatly advanced, while
the big supermarkets have b e n
beneficial in stabilizing prices. The
hope of the fruit growers rests in
COO p ative advertisements in
newspapers and other media.
Certain basic chemicals will sur
ely decline in price due to over
production and competition fir o m
imports. The U. S. Justice Depart
ment claims to be working f. r
consumers in it's fights with many
companies such as the dairy con-
Germs, but in the end supply and
demand will determine the result
and not legislation or. court de-
ciSionS.