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Show Tlwrtday, Jot. 9, 1964 MAGNA TIMES, MAGNA, UTAH of the world is short of food. Russias and Chinas heavy purchases of grains will do more to bolster U.S. farm income than I am still emotionally upset as will government supported prices , I make this forecast after the in 1964. brutal assassination of President 9. DOW JONES INDUSTRIKennedy. I, however, will try to ALS. I forecast that the stock submerge my emotions and base market as measured by the this forecast of 1964 on the facts Average will make a new as I interpret them. in 1964, but may sell lower high 1. OUR NEW President. I state after the elections. However, emphatically that President readers must remember that the Industrial list, which Johnson may accomplish far more constructively before No- everyone seems to think reprevember 1964 than our late Presi- sents the market, may be very dent would have been able to do. deceptive. President Johnson understands STOCKS. 10. SPECULATIVE better how to handle Congress, Of the approximately 1,550 stocks and has the confidence of busi- listed on, the New York Stock nessmen. Therefore, I am reas- Exchange, a majority have been sured as to the first ten months going down while the of 1964. list of 30 which everyone watches 2. ELECTION in November. At have been going up. This is due the Republican convention in the to the purchase of summer of 1964, there will be a issues today largely by trustees, conflict between Goldwater and pension funds, mutual comRockefeller, and perhaps others. panies, and others that prefer For this reason, Mr. Nixon may fairly conservative and dividendslip in and get the Republican paying companies. I forecast that list nomination. Certainly President stocks not in the Johnson will secure the nomina- will do better proportionately in tion of the Democratic Party; he 1964 than they did this year. 11. SWITCHING. Based on my is a farsighted man, and knows politics. Therefore, with the Re- above forecast, and having publicans nominating any one of learned that only buying can the three leading names men- send stocks up, I predict that tioned above, I now forecast that 1964 may prove to be a good President Johnson will be elected year to switch from some of the stocks President of the United States in overcrowded November 1964. All of this gives into other issues that are now me more assurance that 1964 overlooked. 12. GOVERNMENT BONDS. should be a good year. The 3. TAX CUT. A tax cut will be only government bonds that enacted sometime during the interest me are the long-tercoming session of Congress; and ones which may now be purit will surely be made retroactive chased at a discount to use in to Jan. 1, 1964. The tax cut should payment at par for death taxes. help consumer buying; it may I forecast that more governments will be issued during 1964 and even increase general business. 4. CIVIL RIGHTS. Some sort that their prices may gradually of civil rights bill will be passed sag as money becomes tighter. 13. CORPORATION BONDS. by Congress during 1964. The administration wants to please Those buying corporate bonds the South and hold its Democratic should either stick to issues of votes there, but the civil rights under five years maturity or bill now before Congress is not keep their money in the savings satisfactory to the white people bank. I predict' that long-terof the North. Therefore, I fore- corporation bonds will drop in cast that whatever civil rights price in 1964 as interest rates bill is passed before the election rise. 14. BONDS. of 1964 will be considerably waLikewise, I predict that longtered down. term 5. NEGRO PEOPLE. The Nebonds will degroes will continue to make prog- cline next year. They are even ress and get more, but I predict more overpriced than corporation that the gains will have to come bonds, because of heavy bank largely through changing atti- buying during the past two years. tudes of the people. Otherwise, I do not look for this to be rethe situation will be much like peated in 1964. Therefore, I would the prohibition problem which certainly confine buying of to revenue bonds. the good people of the nation 15. INTEREST RATES. I forecould be solved by legthought islation. Such reforms take place cast that interest rates will cononly as the minds and hearts of tinue at bast as high as today, the people are changed for the and will possibly rise through 1964 in order to keep gold here better. 6. GOVERNMENT SPENDING. in this country and uphold the Of course, in the long run, the value of the dollar. 16. DEVALUATION OF GOLD. survival of a nation should deI forecast that there will be no pend upon its spending less than it takes in. Nowadays, however, devaluation of gold in 1964. I am it is unfashionable for consum- personally acquainted with coners or government to have bal- ditions in Africa, and will say anced budgets. Therefore, I pre- that those who wish to speculate dict that 1964 will see a bigger in gold mines should consider American-Sout- h deficit than this years. African InvestDEPRESSION. Whether for ment Co. Ltd. Readers should rebetter or for worse, the voters member, however, that goldhave been taught to believe they mining stocks will go down as can and should get something well as up, in accordance with for nothing, and only a severe many different conditions. 17. PROFITS. I forecast that depression could ultimately corporate this profits will continue to belief. I, however, change rise in 1964, though possibly at a look for no depression in 1964. somewhat slower pace than re8. AGRICULTURAL OUTLOOK. Although crops, prices, cently. COPPER PRICES. Commodity and farm income may be basically are dependent on two fac- prices on the much weather, dependent (Editors Nots: Ths following information was writtsn and roleassd by Roger Baboon, noted economist and canny" predicter of past years prosperity, new development, etc.) -- Dow-Jon- Dow-Jon- Dow-Jon- Dow-Jon- es Dow-Jon- es side. Every few miles, stop and inquire the price of land; so long as it is quoted by the foot, get back in your car and drive until it is quoted by the acre. Everything else being equal, I forecast that the purchase of this land in 1964 will show you a profit over the long term.1 tors: Demand and supply. Take copper: I believe demand will continue to increase during the electrical era we are now in. And, since my visit to Africa, I feel the supply of copper is almost unlimited. Hence I forecast little change in price on balance in 1964. es es Dow-Jon- Year 05 1964 ForGJGSfl For Emczgfug ives Babsoii es es . m II. OTHER BASIC RAW MATERIALS. With some few exceptions, the above applies generally to many of the basic raw materials, including iron and steel, and especially aluminum. The present firming in quotations will not carry much further and could be subject to setbacks later in the year. 20. SUGAR. Sugar prices, however, will hold in a generally high range all through 1964. 21. BUILDING SUBURBIA. I forecast that new building will continue around present levels through 1964, with additional growth in suburbia. This applies to single homes and to apartment houses, which could easily be overbuilt as the hotels and motels have been. 22. PUBLIC CONSTRUCTION. Otherwise, strength in building will occur mainly in the public sector especially roadbuilding 23. REAL ESTATE. I predict that farms on the right side of cities will constantly increase in value during 1964. I say right side" because every city seems to have some one best direction in which to grow. This usually is toward the higher land and often to the west; but this is something subdivision developers must watch very closely. 24. RURAL AREAS. As I have said before, the way to buy real estate profitably is to drive out the main road way from the city in which you live, on the right of moving parts in the heat drawal machinery. 25. FLORIDA PROPERTY. There is still a lot of land in Florida, and there are many retired people who are hoping to move there. I forecast that your best Florida buy in 1964 will be waterfront property, .Qod made only so much waterfront land, but there is an enormous amount of interior which will be good only for pasture land Ahich for many years age. Do nbt buy land anywhere until you see it; dont depend on blueprints, catalogs, and super saledrorganizations. 26. FLORIDA HOME. I believe a small home in a small Florida city, and ownership of the vacant lot on ech side thereof, will prove a safe and attractive investment in 1964 for anyone who has a check coming in regularly from the North. 27. ADVERTISING. While TV advertising will continue strong for patent medicines and some other products, I forecast that honest newspaper advertising will hold its own. Newspaper ads can be cut out and kept for reference, which is impossible with radio or TV ads. 28. NEWSPAPERS. I forecast that competing" newspapers will continue to consolidate; and there may possibly be a return to the days when newspapers represented the opinions of some one man with courage,, influence, add personality rather than the decisions of a cold" board of directors. Note that this is something tele with- HEATING. 45. ELECTRIC soft-ped- al - 40-ho- ur 35-ho- ur t m TAX-EXEMP- f T , t i 19 :. I! ' r. x7 ' jV ' i'f J If 4 Winfred 7rips To Disney land I I MMlIai - HMf Ug U NM AU Bw"1 bMtf paM adtolaoiM I i! i'm mrn Is MmiIm M d Ora Ugkazga! IorSt Loin Boosti VMM La Ml tor mm CM HU K&zU! Kms knt IJn Safeway Trim r mi it is tt vli! ( km four wordt: MNnctad M lour V V a 53 a 63 d monoy-bad- tl Your Safeway Manager Meaty Spareribs Lean Pork Steaks a 39 c"r a 39 is. 5 Lar.b Shoulder Chops Lad) Rib Chops Lar.b Shoulder Roast a 59 a 69 Meaty Lar.b Breast a 19 49 89 Lctkcr Cccf U.S.D.A. Shop Safeway and Save Best Bet Macaroni or Long Spaghetti 1 3 Perfect Apples Buy a Bag and Save feno-ato-s Spaghetti Toilet Tissue CakeMixes & 13 sras 99 65? 82? in ftoMoe Sooco Proton Slkod Oroon Boom J "ftoi. pkyt, 3 of i ."" RTS 3 4 Fruit Drink 1 1 379 3X79 Cream Com Mayonnaise Soda Crackers Ckih -- TYPB 59r -- 2 3 Eeans,v. 2 FP Our B . 4W 89 - 8' Annual Busy Baker Car Load Cookie Sale is Now in Progress i.m. Velloiv 831 More Fine Bargains Gelatin Dessert f. Excollont For lunch loxot Tho Zippor Fool Fruit . 47 Wrapped Frno BibyPeuC Potatoes CakeMixes V 4 Green Giant ftma Pirn Mix SCSCK 'X 39 se Cut Miblet Com CM Rems ifebs U.S. No. ib. Choico Bool Salvo Tablet Detergent Spic & Span Cleaner Joy Liquid Detergent Cheer Detergent Scotch Treat Sliced v3c) a 55 Proctor and Gamble Bargains Typical Safeway Bargains x o d Safeway Lamb Bargains Rib Pork Chops Loin Pork Chops Boston Butts Bacon Pieces SJ OmsOcml wnfBttoUuyfrm Kiwwf ot Safeway or your m ipgljDeflfto AMERICAN DAIRY ASSOCIATION OP UTAH a - You mud bo complotoly with ovory Horn 8. H On avdt "ONE OOUAK" mom m thd amd, ym win $1.00. $WOftO M THE STONE" Rinf. S. Mnn On mm Ml ( cad far 4. Ckicfc Ow dbptayt tl Mr muM lor M dtUilt . . . nMr at Hm m yw Hit . . . thn mm you ontor, thn mm chmcM you km to wild m f?Ql7l7PQCs 'VU U U r ) ,K for the weekend! M Yw thm O stock up on .y ' a V;.,v MW! More Safeway Pork Bargains :.X v y Average U.S.0A. Choico '77 V "' v: c: LIL M gag (gag kgjgga Ikg la fggaal MM M8M 1M 1. Pwi fcwS Ml if stoM. On Sword ys wil find m IN "SmOWr THE" STONC". WhM you wordo. ym aki $100. Pork Petit From Safeway ' iinTFr-k- Cartoon Rings MM Ml MNPMI I - S I I tf V. HR vl & I v bg-e-tam- 'a X, 4 a. nr' r & : " - .. to. iv .? V i 4 te tA tax-exem- , mi t tax-exem- pt I forecast experiments in electric vision is already trying to develthough the administration may heating in 1964 whereby radio op in its news reports, and newsany abnormal rise in waves will heat only the individthe Labor Departments index to uals in the room, but not the air. papers must match it costs are being held 29. STRIKES. I believe that prove that 46. OCEANOGRAPHY. I predown. 1964 will be free from large 36. RETAIL SALES. I forecast dict in 1964 mineral recovery, strikes. The big show, of course, that 1964 show an increase food supplements, new chemical will be the negotiations between in retail will and in installment derivatives, etc., obtained through sales the auto workers and manufacoceanographic research. purchases. turers. However, I predict that 37. RECREATIONAL EQUIP47. CUBA. People in Florida both sides will arrive at a peace- MENT. I forecast that the no reason to worry about have great ful settlement before the deadin and increase leisure time the nearness to Cuba in 1964. their line. constant gains in personal income Russia will undoubtedly keep a 30. WAGES. While labor will will give manufacturers of rec- controlling finger on Cuba until not get all the pay increases it reational equipment a prosperous she decides to withdraw in a wants in 1964, it will get the year in 1964. swap of some kind with the U.S. equivalent in fringe benefits. 38. SYNTHETIC FOODS. I in connection with Berlin or West 31. EMPLOYMENT. I forecast forecast that many new synthetic Germany. employment will rise further in foods, cheaper than the natural, 48. WAR. There will be no 1964, due to a prosperous econoand just as healthful, will appear world war in 1964, and even the my with new and expanding op- in supermarkets in 1964. cold war pressures should grad39. SYNTHETIC CLOTHING. erations. Unemployment will rise, soften and prove less costly. ually too, because of the influx of I forecast that this new industry I, however, am watching careyoung .ob seekers and displace- will develop notably in the Unit fully how President Johnson and ment of unskilled workers by ed States during 1964, particu- Premier Khrushchev get on to- automation. larly as regards specialty work gether. 32. WORK WEEK. There will clothes. 49. RUSSIA I predict that the be continuing agitation to cut the 40. AUTO PARKING. The auto Russian government will vastly week in 1964 to a companies are devoting much increase the manufacture of elecweek with the same pay. I fore- study to the parking problem. I trical and will have a cast this will not be accom- forecast real progress toward 100 appliances, cent owned installment per plished. There may be a compro- mechanical parking in 1964. company which it will operate mise to 37 xk hours, though this 41. SEAT BELTS. I predict that without competition. When I was will depend largely upon Presi- insurance companies will put in Russia it was evident from dent Johnson. added pressure during 1964 on all my talk with the young people 33. FOREIGN TRADE. Rising state governments to enact legis- that they would have to be given automation in the U.S. in 1964 lation requiring "roll-u- p seat more of the advantages enjoyed will enable us to compete more belts on all cars. by the free nations. 42. NEW INVENTIONS. I tore effectively with lower 50. In this connection I should labor costs in Europe. Labor cast that rapid strides will be that, like the U.S., Russia is say costs in Italy are already rising, made in 1964 in the direction of very rich in natural resources . . ; and inflation is threatening Eu- transferring mass through matter. and in research. This latter is es43. ELECTRONIC rope . .. . particularly in Italy and PRODUC- pecially important these days. I France. TION. I forecast a great increase was much impressed, during my 34. INFLATION. Like the rest in electronic manufacturing in visit, with the Russian educaof the world, we will be tempted 1964 . . . with emphasis on adap- tional system which is developto resort more and more to infla- tation of space efforts to military ing a very able generation of tion; but I forecast this will not applications. young people. I forecast, howbe a vital factor in 1964. 44. AIR CONDITIONING, ever, that Mr. Krushchevs real ' 35. LIVING COSTS. There will predict radical changes in air problem will be how long he will be continued upward pressure on conditioning in 1964 via the re be able to hold these young peoliving costs during 1964, even duction, and later elimination, ple in line! O cctyuokt iwi, .ffodive Thursday. Friday and Saturday mt, tru, anoo ipbb subway stoms mcorfoiatio v |