Milford chronicle., 1962-01-19

II am hopeful for 1862 it
should be better year for my
readers than 1861. Industrial pro-
duction will exceed that of 1861.
2-There will be neither nu
clear war nor total disarmament
in 1862 Considerable progress
may be made toward a ban on
atomic weapons.
3-Some thirty stocks may reach
an average of 1000 during 1862,
although these will not necessar-
lily be the thirty Dow-Jones stocks.
Retail trade will make new
records during 1862. Increased
newspaper advertising, especially
in colors, will be a great boon to
merchandising.
5-Commodity prices will act
erratic during 1862 Agricultural
prices will be held up by fegisla-
ton, but many metals will sell for
less.
6-The official cost-of-liying fig
ure will rise slightly in 1862, but
there may be a scandal in Wash
ington over how this figure is cal
culated or adjusted. The real in
crease in the cost-of-living will
be due to increased wages de-
manded.
THE only certain shortages
during 1862 will be in land suit
able for parking places and water
front property readily accessible
to building lots; also for automo-
bile graveyards" near cities
which have been zoned.
S-The building of shelters will
look silly before the end of 1862.
| Certainly the Federal Government
! will not underwrite the building of
private shelters for individual
families.
Good real estate must rise
in price as the population increas-
| es. Elementary mathematics de-
termine the price of suburban real
estate. This is Notwithstanding
| the claim of the space compan-
| les" which are said to be inter
ested in selling rights on the
moon. There probably are crazier
speculations.
lO-While the land on which
! your house now stands should in
| crease in value during 1862, the
! building itself depreciates from
| the moment when it is first occu-
| pied. A possible exception would
be certain very attractive ranch
| houses painted in color.
11-Automobile production will
be the most important statistical
Indicator during 1862 This applies
to both the number of automo-
biles and their sales value. We
now have no reliable figures for
the latter.
12-We will gradually approach
an average of two cars for every
family. The fife of automobiles
should gradually increase. The
percentage of automobiles annual
| ly destroyed will decrease in 1862.
13-Automobiles and gasoline
will be, increasingly, sources for
raising money by taxation. These
| means will be extended to include
an additional assessment on the
manufacturers of automobiles.
14-Taxes, as a whole, will con-
tinue to increase in 1862 for ev-
cry family. Business net taxes,
however, will decrease in 1862,
| through the granting of deprec1-
ation refunds which can be done
by Executive order. The manufac-
turer may greatly increase his de-
ductions for past investments and
new machinery, plant, and equip
ment. Douglas Dillon feels that
| such tax reductions Will increase
the purchase of new equipment,
develop greater efficiency, and re-
suit in a net Improvement in the
employment situation. This is
| good news for 1862.
15-Speculation in real estate
and securities will be active dur
ing 1862; but good children will
! gradually be recognized as the best
| investment. Young people will be
married earlier and will want to
| have large families.
16-Public education will grad
ually be reorganized during the
years ahead. School houses will
be built as places to park the
| kids" while the parents are at
work. New school houses will be
| built so as not to be over one
story high, with lots of sunshine.
flowing to the lack of air
| port facilities and to inadequate
equipment, there will be increas-
| ing airplane accidents during
| 1862.
1S-With all the above changes,
plus increased public improve
ments and longer vacation per-
iods, families must save somehow
and cut somewhere. l think it
will begin in 1862 with clothing.
This will gradually become cheap
er and more attention will be paid
to color.
19-The time is approaching
when the weaving of cloth will be
greatly curtailed Clothes will be
made like paper Plastic coats are
already on the market These are
produced by feeding the cello
phane into a machine which cuts
to desired sizes and bonds (not