8 Heppner Gazette Times, December 27, 1945
Babson . L .
occur.
LABOR
25. The Little Steel Formula will
be forgotten during 1946. The year
will be noted for strikes and labor
troubles.
26. Industrial employment during
1946 will be off both in hours and
in pay rolls, labor leaders' efforts
notwithstanding.
27. Many industries, now operat
ing on a 48-hour week will return
to a 40 or 45 hour week during
1946.
28. Hourly wage rates will in
crease, but "take-home" income
will demand better management
and closer labor-managemnt rela
tions. 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.
30. Both wages and price controls
will gradually be removed during
1946 until the government throws
up its hands and lets nature take
its course.
31. Some time after 1946, produc
tion will catch up with consump
tion, 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 attempting to check the
decline by printing currency. But
this is something we need not wor
ry about for two or three years.
32. If Stalin s healtn continues
good, he will be the worlds most
powerful man in 1946 and may be
a factor in determining world
prices as well as production. The
markets may even witness a com
.munistic scare" during 1946; but
they should recover soon there
after. STOCK MARKET
33. The rails will decline some
time during 1946. Certain airplanes
manufacturing shipbuilding and
other war stocks may decline;
but the Dow-Jones Industrial Av
erages will reach higher figures
some time during 1946 than at pre
sent. 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
stocks; but 1946 should
witness both groups moving more
or less together. Switching has
been over-done in many cases.
36. Stock markets will continue
to witness creeping general infla
tion, although the stock market as
a whole may appear to have reach
ed its peak before Dec. 31, 1946.
BONDS
37. Although bank loaning rates
should have an upward tendency
interest rates in general will re
main low through 1946. The money
supply is now 25 percent above
normal and government financing
demands continued low rates.
38. Anticipating the expected de
cline in Federal taxes, 1946 should
see a falling off in the price of
most municipal and probably oth
er tax-exempt bonds.
39. The high-grade corporation
bonds may hold steady but sooner
or later decline considerable. Whe
ther this will start in 1946 I do not
know. Investors will give more at
tention to diversification and stag
gering maturities durng 1946.
40. More public utilities will be
taken over ' by municipalities and
"Authorities" during 1946. Wise in
vestors will consider this possibili
ty when selecting public utility
bonds. Some stocks such as "Eas
tern Utilities Association Converti
ble Shares", in which I am person
ally interested, should be helped
by public ownership.
REAL ESTATE
41.Suburban real estate will be
in much greater demand with high
er prices during 1946,
42. City real estate should hold
its own, excepting in the former
congested war production areas
where decline may set in.
4';. Sirill productive farms will
continue to increase in price; but
large commercial farms may sell
for Ices in 1946 than in 1945.
44. Building will show a consid
erable increase. Contracts will be
up with advancing prices due to
scarcity of lumber, cement, brick
and labor.
45. Office and residential rents
during 1946 may be expected to
increase.
46. 1946 may see the beginning
nf n rpal estate boom. The pessi
mists wUl make little money in
PEACE
47. President Truman may lose
control of Congress, but he wll try
to take a middle-of-the-road po
sition. I believe that all wise Re
publicans and Democrats should
support his efforts.
48. Our foreign headaches will
become worse and more frequent
during 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
going, than did 1945. People grad
ually are realizing that without a
Spiritual Awakening no peace or
other plans will be much good. Na
tions cannot be depended upon to
cooperate and stick to their agree
ments unless they recognize God
as their real Ruler and Guide.
HOSPITALIZED
Ensign Norman Bergstrom is
hospitalized at Corona, Calif., ac
cording to his father, Carl Berg
strom, who flew down there week
before last for a short visit. Mr.
Bergstrom reported that his other
navy son, Lt. Com. Arthur Bere-
strom, was scheduled to arrive at
Corona Wednesday of last week to
visit Norman.
STAR an REPORTER
Show Starts at 7:3a Matinee Every Sunday, 1 p. m. 3 p. m.
In compliance with the Federal Tax Requirement, Children's Admissions apply
only to those under the lagal age of 12.
Selected Short Subjects With All Programs
Program Subject to Change Watch local newspaper for weekly announcement.
Friday-Saturday, December 28-29
Bedside Manner
John Carroll, Ruth Hussey, Charles Rugglcs,
Ann Rutherford, Esther Dale, Grant
Mitchell, Claudia Drake.
The hilarious, romantic adventures of a lady
doctor. PLUS
Rustlers of the Badlands
A Charles Starrett western.
Sunday-Monday, December 30-31
Nob Hill
George Raft, Vivian Blaine, Joan Bennett,
Peggy Ann Garner
Fabulous, fantastic San Francisco in the
days that made it famous (when men fought
at the snap of a garter and women loved at
the snap of a finger). In Technicolor.
The House on 92nd Street
Well acted by Lloyd Nolan, William Eythe,
Signe Hasso, Gene Lockhart
A factual story from the files of the FBI has
been made into one of the most exciting
stories ever made. This film has won the
Blue Ribbon for excellence and will be
shown three times as follows:
NEW YEAR'S MIDNIGHT MATINEE, 11 p.
m., Monday, December 31
NEW YEAR'S DAY MATINEE, 2 p. m.,
Tuesday, January 1
REGULAR EVENING SHOW, 7:30 p. m.,
Tuesday, January 1.
Matinee prices prevail for the Tuesday mat
inee and regular prices for the two night
shows. The midnight Matinee is entirely sep
arate from the Regular Evening Show Mon
day at which time the Technicolor Musical
"Nob Hill" will be shown.
Wednesday-Thursday, January 2-3
The Southerner .
Zachary Scott, Betty Field, Beulah Bondi,
Blanche Yurka, J. Carroll Naish, Estelle
Taylor
Adapted from George Session Perry's novel
"Hold Autumn in Your Hand". An inspiring
story of a young farmer against whom nature
and human beings conspire but he fights
bravely.
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WELCOME!
A Year of Real Peace
We've Been Waiting for You ! !
"HopeSprings eternal in the human breast" . . .
andjthere icould'be no better time for bright hopes
than now, as we turn back the war torn page of the
past ... to look upon the New Year!
Hodg
e Chevrolet Co,
May the New Year bring you and yours
immeasurable
Health, Happiness and Prosperity
Central Market and Grocery
1946.
POLITICAL AND POSTWAR