Newspapers / Watauga Democrat (Boone, N.C.) / Jan. 3, 1946, edition 1 / Page 7
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Business, Financial I Outlook For 1946 (CONTINtroD FROM PAGE ONE) Parity program due to few of a post war collapse in farm prices. Tax** wiu not be increase^ miring 1946; and there may be fur- , ??? reductions. Some nuisance, J*111 be eliminated altogether. I 14. The federal debt will eon- ! tmue to increase during 1846, but I, ?*Pect no war bond drives. 15. Whatever is done about taxes.! the cost of living will continue to rise during 1946 due largely to in creased wages. 16. Providing jobs for returning J)1 satisfactory wages will I be the big political task of 1946. , There will be job? for aU but not at wages desired. Retail Sales 17. The volume of retail sales will be about the same as in 1945. Sales of ladies' apparel and general lux uries will suffer, but many items n?7o U^available wU1 be purchased. IB. The total dollar retail sales should exceed 1945 with an increas ed demand for woolen and cotton textiles. 19. There wiU be a great demand for men s clothing and especially for ?Wrts with honest standard length 20. Wise shoppers will buy only what they need and not grab to stock up unnecessary suDDlies Foreign Trad. 21. The United States will own oyer 50 percent of the world's ship ping in 1946. 22. We will make England and same other countries loans provided they will agree to spend a fair pro portion of the money in the United! States. 23. Both the British Empire and Russia will keenly compete for for eign trade during 1946; but cartels and government monopolies will be frowned upon. 24. Russia, Germany and England to "gang up" against the United States but we will fearless ly oppose such actions if they occur Labor 25. The Little Steel Formula will be forgotten during 1946. The year Will be noted for strikes and labor troubles. ^"strial employment during 1946 will be off both in hours and P?y 'rolls, labor leaders' efforts not withstanding. 27. Many industries, now operat ing on a 48-hour week, will return jo^a 40 or 45-hour week during 28. Hourly wage rates will in crease, but "take-home" income will be less. Labor will demand better management and closer labor-man agement relations. Inflation 29. The inflation era which I have been forecasting for several years will be very evident in 1946. The purchasing power of the dollar will continue to decline. 80. Both wage and price controls will gradually be removed during 1946 until the government throws up its hands and lets nature take its NUIK. 31. Some time after 1946, produc tion will catch up with consumption, people will have spent their money and then there will be a surplus of goods. By 1950 there may be much unemployment Then may come the severest inflation by congress at tempting to check the decline by printing currency. But this is some thing we need not worry about for two or three years. 32. If Stalin's health continues good, he will be the world's most powerful man in 1946 and may be a factor in determining world prices as well as production. The markets may even witness a "communistic scare" during 1946; but they should recover soon thereafter. Stock Mark*! 33. The rails will decline some tune during 1946. Certain airplane manufacturing, shipbuilding and other war stocks may decline; but the Dow- Jones industria averages will *">ach higher figures some time during 1946 than at present 34. The safest stocks to buy ? con sidering value, income and safety will continue to be the merchan dising stocks, especially chain store stocks. 35. 1945 saw a large increase in the demand for inflation stocks with a lesser demand for non-inflation docks; but 1946 should witness both groups hoving more or less togeth er. Switching has been over-done BOONE FLOWER ft GIFT SHOP Cat Flow*.. Potted Plants. Funeral Designs Phones: Day M?-J ? Night 127 Main Street Boone. N. C. Dont COUGH -i4?or? BOONE DRUG CO. ? in many cases. 36. Stock markets will continue to witness creeping general Inflation, although the stock market as a whole may appear to have reached its peak before December 31, 1946. 37. Although bank loaning rates should have an upward tendency, in terest rates in general will remain low through 1946. The money sup ply iapiow 29 percent above normal and government financing demands continued low rates. 38. Anticipating the expected de cline in federal taxes, 1946 should see a falling ott in the price of most municipal and probably other tax exempt bonds. | 39. The high-grade corporation bonds may hold steady but sooner or later decline considerably. Wheth er this will start in 1946 I do not know. Investors will give more at trition to diversification and stag gering maturities during 1946. 40. More public utilities will be taken over by municipalities and "authorities" during 1946. Wise in vestors will consider this possibility when selecting public utility bonds. Some stocks such as "Eastern Utili ties Convertible Shares," in which I am personally interest, should be helped by public ownership. RmI Frtl* 41. Suburban real estate will be in mud) greater demand with higher prices during 1946. 42. City real estate should hold its own, excepting in the former con gested war production areas where declines may set in. 43. Small productive farms will continue to increase in prices; but large commercial farms may sell for less in 1946 than in 1?45. 44. Building will show a consid erable increase. Contracts will be up with advancing prices due to sac city of lumber, cement, bricks and labor. 45. Office and residential rents during 1946 may be expected to in crease. 46. 1946 may see the beginning of a real building boom. The pes simists will mak* little money in 1946. Politics and Postwar Pmc* 47. President Truman may lose control of congress, but he will try to take a middle-of-the-road posi tion. 1 believe that all wise Repub licans and Democrats should support his efforts. 48. Our foreign headaches will be come worse and more frequent dur ing 1946. What we are going through to reorganize Germany will be repeated in other countries. 49. The Latin-American honey moon has passed its peak. The at titude of Argentina will extend to other countries. Our South Ameri can troubles will increase during 1946. 50. 1946 will see more religious interest, including more church-go ing, than did 1945. People gradual ly are realizing that without a Spir itual awakening no peace o pother plans will be much good. Nations cannot be depended upon to co-op era te and stick to their agreements unless they recognize God aa their real Ruler apd Guide. BUY WAR BONDS Eire has warned ship masters and visitor* to seaside resorts to watch out for Drifting mines and wracfc age. A harvest festival of canned foods to be sent to liberated Europe was held in Wembury, England PROTECT YOUR FAMILY by becoming a member of REIN S-STURDIV ANT BURIAL ASSOCIATION TELEPHONE ?4 . . . BOONE, N. C. A 25 -cent fee la charged upon Joining, after which the follow ing dues are in effect: Quarterly Yearly One to Ten Years .10 .40 Two to Twenty-nine Yeats .10 .80 Thirty to Fifty Years...- _.. 40 1.80 Fifty to Sixty-five Years .80 140 $ 50.00 100.00 100.00 100.90 * Don't Cheer Too "P n /? a ( Soon About The lJ II U U 1 Soon About The Tire Rationing i r * No rationing certificates are needed to secure new tires. However, the public is warned that tires are still scarce and the demand cannot be met for several months. Tire conserva tion is still necessary ? those little precautions that mean more miles ? safer miles ? and less expense. Don't Ask For More Tires Than You Need In order that the supply shall benefit as many as possible, all tire dealers are charged with the responsibility of giving out tires to those who are most urgently in need of them. % We will not play favorites and to make our task lighter we trust that you will be reason ab in your tire demands. ? AND IN ORDER THAT MORE PEOPLE MlAY DRIVE Turn In Your Old Tire It may be repaired or recapped and furnish satisfactory mileage at low cost to some other motorist. Only in this way can we maintain transportation. There has been a severe short age of good tire casings and by turning in your old tire you will help materially in reliev ing a very bad situation. COLVARD OFFERS HIS SERVICE, AS HE HAS DURING THE EMERGENCY, SO YOU MAY CONTINUE TO DRIVE SAFELY Colvard Tire Company BOONE, NORTH CAR&INA
Watauga Democrat (Boone, N.C.)
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Jan. 3, 1946, edition 1
7
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