MOMBAY, MdUBEV 24, 1981 Business to Boom. A gain In 1952, Experts Think L. A. BROPHY NfW YORK WV—Another boom- Inf y»»r for the nation's economy te eonfidentaly forecast for 19S2. Mtjrb* you will not have all the (honey y»u would like to spend bec»uM of higher (axes and prices but you should like the New Year Jobs will be plentiful. Factories will continue to hum. The Government will pour huge expenditures jjlnto the economy,, via the rolling (^rearmament program. Employment ' l« expected to reach new peaks War Could Allar It • Big war could change the picture And your guess on that I* juji about-tu good as anyone's A cease-fire in Korea Ls not expected to materially change the economy or deflect Us upward course, because of the long-term defense program. Inventories are high. They say that will- provide a good cushion for civilian needs. Also, they foresee a continuation of a troiirt towards selective buying by con .turners that began hi mid-1951 People Stopped Buying People stopped buying then at the cll> they had been. They began to save more. That tendency is still apparent. Business worried about that. It cut prices and began a real selling Job. Those two factors—selective purchasing and big Inventories—are cited u assuring a good supply of the things we need. Bloom Still to Boom In other words, unless all the forecasters are wrong, which is hardly likely, the bloom will still fjf on the boom in. 1952. This year ended with the economy, at an historic high. The first ) HAS TIP FOR BRITA1N- Egyplian Foreign Minister Mohammed Salah el-Din Pasha, shove, E; id in Paris that th« O'niUd States should advise Britain to pull out ot Fgypt Hi »aid there it no chanc« of a compromise in the Anglo-Egyptian dis- put« over the Sue?. Canal Zon» . and that unless Britain evacu- atM, th« "situation will go from bad to worse." full year of production since the start of the Korean War stw neve records attained all along the economic front. Employment reached record levels. People earned more money than ever before. The total ot ihe nation's goods and services leached record dollar value. There were some trouble snots though. Higher Taxes Hurt In addition to a slow-up In buying, corporate profits alter taxes declined. For the yea,-, they were running at a rale some five billion dollars under Ihe record of $'•> BOO.000,000, attained in 1950. Hi»her taxes and lower profits made business uneasy. The stock market reached a 21-year high in mid-October, then declined, reflecting that uneasiness. Here are some of the look-ahead views: The united States Department of Agriculture, projecting a forecast into the Government's 195.'( fiscal year, which Includes the last six months of 1952. says the total value of goods and services should reach 360-billion dollars. That Is for Ihe period July 1, i 962 to June 30 !Sa3. the Government's business year, it would be a jump of 22- bilhon dollars over the estimates for the current fiscal year which ends June 30, 1952. «S4 Billion Spending Some 94-bl!llon dollars is the predicted rate or Government spending In fiscal 1953. compared wlih 18-bllllon dollars In the current fiscal year and 50-billion last year. How" much money will be left after taxes? About 240-btllfon. said the department, and that compared with an ^iTn f d 229 - bll!lon th"s year and .:15-Dlllfon last year. Employment, in the onion of the department, should reach 62800000 next year, a rise of one million. Here are some pertinent forecasts for 1952: MEAT; Somewhat larger beef supplies, but , la t enough to )ovfer prices appreciably. More pork, with tne price range not likely to be lower. EMPLOYMENT; In the opinion of Robert c. Goodwin, executive director of the Defense Manpower Administration, the defense Industry will need 414 million new workers by the end of 1952. n e figured *»>» 2>-4 million would have ' to come from civilian Industries, one million from the ranks of unemployed and another million from the normal expansion of the labor lorce. HOUSING: New housing starts were about one million in 1951. The figure was 1,400,000 In 1950. The j?M.outloolt was hard to pin down. Predicted *hort«g«» O f such thlna* as bathtubs, plumbing and piping may provide a real block REARMAMENT; The best belief « that by mtd-lBSS, production will >« such that tha country oould to nto almort MmpleU mobilisation n» strain en civilian goods m«n- ufacturo ,hould »M after (he first six months. The • supply of steel and aluminum should be more plentiful with n«w production coming Into effwt. BLYTMKVgXE (ASK.) COURIER NEW! CHRISTMAS IN HAWAII: i, .^SuK^s^st ••""" ch ""»»- >»«*"<>• world over. But never does the pageant por- H »«'an. There, children of many race* tray, more beautifully the "good will toward and nationalities— Chinese, Japanese Ko men which the Savior taught than in the re«n, Hawaiian., American, Puerto Rican, ————•—•—' _ ChiMm of Many Races Meet in Island Pageant D«*clhig Hie *ory of the Christ Child's Birth —Angels, from tht Realms of Glory. Among the palms of Hawaii, young shepherds hear the glad tidin "There oolj aiood a sUMe rude. The heirealy B«be (o cover . . .—Glad Christmas Bells.' P" 1 "" Kn '«m«. « Joseph, takes his Mary.l awaiian Marcla Leal, to a Hawaiian stablt! There was no room a* UMS Inn. "N»r raiment gay, »» there He Jay, Aflorn'd the InfaM (tnajrvr. r*»r. biuuWe cliiW ar wotber mlU. 8he Uld Htm In a. <imn<i " —Glad CHrirtma* BrtU. Th»e« r«« me«1 hi the "Markmn*,'' helo«d bf coconut frond*, tt'a Mania Lwi »»iin. Town of Bethlthtm. «Jor.tion at rheir MhoM -«,«. "2is*w* """" •fOri»s«H«» *-w» nut M __ „ ..=•".; ——/. *«ilis»>-Sw»di«6- Haw»il»n, and Roy-Koran*. J«(WIMN. , e o rig: wuiy Okano, Japane E e; Jenifer C)»w, Hawaiipn-Chinesc-lrlsh- ShVroWlta(.J» Jatianese: Marilyn Yuen. Chinese; June Kunlhlro, /<^nese. and "L Ahn. Korwn ' iRm TaflMm Mand ChrMn a w ord f ot appreciation THIS SEASON OF THE YEAR, with Iti spirit of remembrance, is an appropriate time for pause » n d reflection. IT IS'A TIME I 0 lei you know (hat we appreciate Ihe privilege of serving your financial needs. IT IS TIME In re-affirm our aim of providing the type of banking service lhat will prove most valuable lo you year/afler year. WE ARE 01,AD to count you among the, friends and acquaintances who hav» helped our Instihillon to grow and to be of greater service to our community, Sayiiifr (hanks (o you, as a customer anrl friend of our bank, is K very pleasant year-end privilege. — As we go into (he new year (offelher, we want you to know ^tliaf we apnrcciafe u, e business you have 'endtisled lo us and that we look forward (o licing increasingly helpful to you in the clays ahead. May (he coming year bring (o you those (hings which will «for<l you and your family Ihe greatest happiness. THE FARMERS BANK AND TRUST COMPANY Tht Oldest Bank in Mississippi County "Time Tried—Panic Tested" PLANTERS HARDWARE CO.
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