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Show I - Jan. THE CITIZEN Make 1, 1970 - Some Easing Money Rates Seen During The 1970s control, solid waste disposal, integrated circuits, and cerpublic protection, education, tain of the precious and priand sanitation are all up mary metals (notaby silver, snarpiy. olatinum, and aluminum) for Federal spending will be investors interested in longer toll the demand bound. take for loans business upon greatest the soit spot in the GNP unskilled and marginal work- for the greater proportion of ange growth. Bargain Counter su uctuie. in all probability, 1970 should moderate relative rate The ers. Jobless may Stocks Common Oversold Issues For ReFor Federal spending in 1970 will isc to 5 percent of the civil- to 1969. Inventory accumulabound Potential market Investors The to shade a be littie cnaiigeu unnerving per' ian labor force before busi- tion will naturally be consid9 hardly who require some base of of 196 formance tower because 01 cutbacks in ness can turn the corner in erably diminished, if not ac seems to be a source of in- current income often find military spending and stretch1970. tually temporarily replaced spiration for investors, parti- fhemselves shut off from the outs in laige aoiiar volume Consumers by inventory liquidation proiederal pi ejects. However, cularly with business and growth stocks. But there is To The Rescue grams. For these reasons, corporate profit prospects un- nothing like a good market any savings in military outmoney rates in- inspiring for the first half of shakeout to open up capital Prospects for consumer short-terlays will be absorbed by 19G9. 1970 the seem in none rate, yields 1970. The long experience of gains opportunities for every cluding prime spending mgiier expenditures in the Business Profits To the ex- too promising, particularly on Treasury bills, commer- the Babson Organization, investment objective. Over a civilian segment ol the ecotent that businesses are un- for durable goods. The Bab cial paper, and other short- however, has shown time and short span of time, the downnomy. As able to lift prices and cut sons Reports staff projects a term debt Instruments will again that the best profits trodden prosaic and more Industrial Production indicated in tne introductory costs sufficiently to offset in- slight downward bias in phy- decline until business perks can be garnered from bar cvciical issues can provide volume of retail trade jp again. hunting forays when the just as encouraging nrofits part ot tins section of the creases in labor and other op- sical until industrial activity perk; Bonds and Preferred Stocks gain costs, corporate proerating we stock market has been knock- as the growth issues offer. In mrrenuy expect lorecast, As we enter 1970, prices of ed down tne downturn in industrial fits after taxes in 1970 may up. Total dollar volume of and the buy high, this corner of the bargain below the rate of eaern-ing- s retail sales, however, again bonds and preferred stocks sell production wnicn began last sliu higher" sophisticates are counter, we of the Dobsons for 1969 as a whole. Bar- will be bolstered by highe: are well depressed, and quivering in their boots, Reports staff point to the valSeptember to persist through p yields are the most generous Mod prices. notwithues and recovery ontential of economics at least tne next six montns, ring an industry-wid- e n over a century. Therefore, M'lin a possibility there is no substi- sucli common stock groups that it of auto producers by the However,of the growth and these standing, two types of securities tute for the nrotracted series structure the nations popin- as the oils, the natural gas d mignt extend through the UAW, or a summer. Iruustriai produc- of strikes against each of the ulation, demographic chang- provide very attractive in- vestment philosophy of buy producers, and the auto manufac- es, and wage hikes, will aug- vestments for those who are low, sell tion is geiici any measured on Big Three high, as this ap- materials and construction ina pnysicai-vuiutnbasis and turers in the fall of 1970, the ment consumer buying pow- in need of a high current carries the least equiornent issues. The overproach label ran be does not rcliect price chang- anticipated upturn in bust er the corrosive effects of come, but the prospect of an downside risk and a maxi- sold ness sometime after mid- - inflation upon the purchasing upward adjustment in market mum of unside potential. on to other grouos, including es. the probable expir- - jwwer of the dollar notwith-atio- n prices for bonds and preferThe re- he slocks of companies in Growth Areas At this point, the Uabsons year, plus of should standing. Thus, having al red slocks as money rates search staff of Baboons Re- the aircraft, rubber Products, the surtax, c lure-si'does no! Reports stall to stem the erosion of ready trimmed their sails in decline clearly indicates tha ports currently favors in- and the a deep recession. In hob corporate profits in the last 1533, consumers may evi- - there is also the opportunity vestments in such stock auto Tarts field. And do not t:u is that slcaJ, ixpcAation dunce buying interest sooner for capital appreciation. as lifo insurance, sav-- j overtook the well trampled trace a slx months output wi Maximum Income Where groupsand seems justified right tan now It loan, leisure lime, conglomerate storks, sod lhp ings .'.dual djvi'iiward path in lvnrtnyment necessary (in the case of in cosmetics, electronic that the downside in no. data agricultu r a I tne lir.st hull, and a leveling the highest possible yield is processing software, pollution equipment shares. Mosey Rates oil or the start oi a revival business is notlikely to be of There is little doubt that veslors who arc entirely d in .he third (pul ler, at a sea- sufficient magnitude and durthe most onerous phase of the pendent upon investment in to create ation sharp sonally adjusted rate. In the in employment (luring rise in interest rates which come) and for certain instl final J07U quarter, industrial For Your Information1 lias the pas: tutional accounts, there arc 1973. Management is parti- five plagued us for aetvity should show definite an bonds reached has many years difficulof the . iside progress, Cvcrall, the cularly aware crest. corporate preferred stocks which can . .labson's Reports taff pro-- j ty nf aenuiring skilled, compe- - . , ,, Although t the in cosin be purchased to tic down the ets a i'i)s:,ib!" slippage of tent, and conscientious helo 1969 still csrric( generous yields now availfho will L lntlpncv fVor friends. ebout pivccni tj the low able. and coupons yields into crews pnerous be existing keep uf point laeiory operations, Income Tins Appreciation e favor We all know that happiness conies not from with the subsequent revival tact wherever possible. But f:,e ?ut,ook 1970. Many investors are not com' rates in mney of the work average length nut ll.o decline for 1 n narrowing outiide but from within. It is the reward of :.rhaJ?s the most significant plctely dependent upon cur-refu'.l year 11)71) versus 1369 to weeks will be trimmed further tincome. For these in will occur in the and the winter during spring cost of short-terar'i;nd 3 percent. working hard at something socially useful and loans. The veslors, bonds or preferreds weeks of 1971), which will au- cost of long-termonev which carry a relatively low Building and Construction cf bang considerate and cheerful with family The building and construction tomatically curtail addition- should also case some, but coupon rate or dividend rate field will nol show much vig ally the amount of overtime. not to any significant degree. can provide both generous and friends. There simply is far too much current yield plus capital apdemand for long-tercapi preciation potential. Our wish for you for the New Year is all tal for projects which have Investors who are interestbeen postponed by tte excru- ed in a reasonable investment possible success and happiness. and income plus some capital apciating credit squeeze, for upcoming social programs. preciation beyond the immed-at- e Respectfully, future (the latter factor Mortgage Rates Mortgage fj borrowings are in the long- representing an inflation term category. Therefore, hedge) should not overlook while modest reductions in good convertible bonds and mortgage borrowing rates are oreferreds. The stock marvery likely to occur in 1970, ket decline has pulled most pent-udemand for housing convertible securities down FUNERAL HOME (both single family units and to the point where their cur--PKFSION apartments) pretty well asyields are quite attracsures brisk demand for mort tive. Those issues trading (Continued from page 1) Merrill Jewelers TOUK NEW HEADQUARTERS FOR or until the monetary authorities shift to a less restrictive credit policy. Thereafter, this sector of the economy should pick up momentum and end the year on a strong note. Activity in the g field Is exoected to pace the smart resurgence of new construction outlays. But unless the ease in credit occurs early in 1970, new housing starts for the full year will do well to equal the number of units started in Unemployment The ranks gage money once interest of the jobseekers, neverthe rates start to silp. Business Loans Because of less, will show a definite Increase in 1970 over that of the anticipated further slow1969. Slowing business will down in industrial activity, close to, or right at, their con version value stand the bes chance of moving upward in price when their respective common shares stage a re -- home-buildin- WEDDING GIFT LISTS -- . m tie-u- hard-nose- huil-Pn- c Registry ta-k- ori.einnl-nnuhme- ed nt 1 iik.-l:u- ap-m-a- rs long-sufferi- SALL 352-080- 4 cut-tnc- BlftUTTUL C::?TC El PR1CZS C ? IK" high-qualit- . . MERRILL JEWELRY i y 1 if m PRESTON, IDAHO m m 13 t1 ' v irb K a WEEK JOHNSON'S 1L WEBB p nt Process Your EVERYTHING PICTURES!! IN OUR STORE FREE ROLL OF FILM When You Pick Up Your Processed Film WE ARE MAKING THIS FABULOUS OFFER TO USERS OF KODACOLOR flne COLOR PRINT FILM 70 acquaint you with the processing SERVICE WE OFFER. FROM KODAK PROCESSING LABORATORIES, THE SAME QUALITY PRODUCTS - WE HAVE OFFERED DAY PICTURES EN TODAY AND GET YOUR BRING YOUR FREE COLOR FILM. 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