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Show NEWS f1i\ f1i f1iSHIN > \ , BEHIND SHIN SHINBy . THE lLBy lL By PAUL MALLON ) y | Released by Western W.tero Wtero . Newspaper UnionWASHINGTON Union UnionWASHINGTON WASHINGTON - The busmes3 business busmes3propheclcs businessprophecies businessprophecies propheclcs prophecies tor for 1948 1946 are taking takmg a acommon acommon acommon common IIne-predlctmg IIne predlctmg line-predicting line predicting line - - predicting prices willgo will willgo willgo go higher and all allthe allthe allthe the rest ot of the busl bust buslness business ,1 1 , ness picture will fit fitinto fitInto fitinto into that infiatlon inflation infiatlonary inflationcry inflationary ary cry pattern with withhigher withhigher a ar r higher general pub pubhc pubtic publie hc tic earnings earnmgs a con contmued continned contmued tmued tinned sellers mar market market market ket and a high level levellreeflow levelfs0 levelfreeflow fs0 lreeflow freeflow of moneyThe moneyv money moneyThe v The only thing thmg 1 1know 1know Iknow know tor for sure abot abort abortHoo abo-itHoo abo itHoo . ! - 000 Hoo er it is that always mI mthe mthe in m inthe the past whenthe when fue the thegreat thegreat I . great business busmess prophets unanimous unanimously ly agreed on the future it seldom seldomI seldomturned seldomturned seldomturned I turned out their wayWhen way wayWhen , When Mr Hoover was elected all allwere allwere allwere were sure there would be two cars carsm carsm carsin m every garage and two chickens chickensin chickensm m in every pot yet within wlthln his Presl Presi PreslI Presldentlal Presidential Presidential dentlal dential dentlalspan dentialspan span we were at the depths depthsof I of all time Mr Roosevelt we all thought thoughtitfirst 1t u 1tfirst ufirst " -itfirst itfirst - first would surely cure the depres depresSlon depression depression Slon sion but it nevergot nevergot never _ _ got cured The Thenlater Then n nlater flater later we all thoughtIt thought | ? it d would never getcured get | 'cured cured ' fs cured during dur111g tbt the th " > t tlatter Ia latter tter part pars of theRoosevelt the y ykkwwd s sRoosevelt Roosevelt , regime regimeand f\s f s \ kkwwd TWAl regimefs Jk j jand fsand and along came thewar thewar the ! war and pushed usso us usso s sso so high out of Itwe it itwe r rwe we cannot yet seethe seethe see seethe the ground throughthe throughthe through throughthe the economic strat- strat stratF - - F D B R ir Rosphere irosphere Bosphere osphere osphereThereafter Thereafter during dur111g the war the thegreat thegreat thegreat great prophets all aU agreed there therewould therewould therewould would be a terrific crash at the end endWith endwith endwith With great unemployment Now here herewe herewe herewe we are at the end with our Christmas Christ Christmas Christmas mas sales much higher than last lastyear lastyear lastyear year during durmg the war with more moreJobs morelobs morejobs Jobs lobs untaken than men unemployedAnd unemployed unemployedAnd unemployedAnd And we are now thinking thmkmg of a high higher higher higher er plane ahead - unanimously unammously as asusual asusual asusual asusualPublic usual usualPublic Public PubIJc Reaction IIlay May IIlayBe MayBe MayBe Be Determlninr Determining Factor FactorI I wonderLet wonderLet wonder | Let us look at the facts we havp have havpatom haveatom hav havatom atom by atom and behind behmd the theatoms theatoms theatoms atoms They say there will be 'Illgh Illgh 'high high 'higher "higher higher " ' , er prices pnces Prices generally are arebased arebased ' based on the availability avallabiloty of goodsWhen goodsWhen goods goodsWhen When there are shortages any anyamount anyamount anyamount amount can be charged lor for goods goodsand goodsand goodsand and collected from trom the people If Ifthey ifthey ifthey they have money as they do nowBut now nowBut But in the next year ahead aheadwe aheadwe aheadwe we are planning to set get back to toour toour toour our peacetime mass productIon productionWe We have more machines and andmen andmen andmen men than ever before War has hasdeveloped hasdeveloped hasdeveloped developed manufacturing short short- shortcuts shortcuts shortcuts - - cuts for production productionAs As production brings hrlngs roods goods to tothe tothe tothe the market competition will be berestored berestored berestored restored This means not onJy only onJycompetition onlycompetition onlycompetition competition in quality qualJty but In InprIce inprice Inprice InpriceIt prIce priceIt It is quite clear then that the ex expectatlOns expectations expectations pectatlOns pectations of expanding expandmg productIon productIonahead productionahead productionahead ahead aheadill \ , will \/ill ill / ill work against aga111st hIgher hIgherpnces higherprices higherprices pnces prices Indeed this will work workgradually workgradually workgradually gradually as production swells In Inthe inthe inthe the latter months of the year to toward toward toward ward lower pricesBut pricesBut prices pricesBut But tpe the tie unions unlOns are wangling greatunprecedentedly greatunprecedentedly great greatunprecedentedly unprecedentedly -unprecedentedly - large-wage large wage large - wage in increases increases increases creases from industry mdustry and this de development development development velopment coupled with the an announced anpounced announced nounced pounced Intention of the government governmentto to maintain mamtam a high price pnce level level , , , will willsurely willsurely willsurely surely force prices pnces higher hlgher they sayYes say sayYes Yes certainly this would wouldseem wouldseem wouldseem seem to force an Increase of the theprice theprice theprice price of union unlon made foods goods on onthe onthe onthe the other hand band people have havegrown havegrown havecrown grown dunnc dormg during the war to be besatisfied besatisfied besatisfied satisfied with Wltb patches with old oldthings oldthings oldthings things with repaired machines machinesIf If only the unions eet get these thesetremendous thesetremendous thesetremendous tremendous ware wage Increasesand increases increasesand Increasesand and the rest of us must plod plodalong plodalong plodalonf along : on our same salaries In Inthe inthe Inthe the face of higher blgher prices for foruDion forunion torunion uDion union made coods goods the common commonforesight commonforesight commonforesight foresight of the business buslDcs ! ; proph proph- prop prophets prophets - ets may not prove trueBuyers true trueBuyers Buyers Strike Stnke lIIay May lIIayBe MayBe MayBe Be in JD OfTine Offing SoonThere SoonThere Soon SoonThere There has been every other kind kindof kindof kindof of strike jtnke ! in this country except a abuyers abuyers abuyers buyers strike The conditions being beingcreated beingcreated beingcreated created may force oneTherefore one oneTherefore Therefore 1 I believe beUeve the hu human human human man element will determine the thecourse thecourse thecourse course of business for ( or 1946 We Weknow Weknow Weknow know the economic factors We Wedo Wedo Wedo do not know how the people wiU will wiUreact willreact willreact react to themWe themWe them themWe We know the shortaees shortages ot of otgoods ofgoods offoods goods will win not be completely completelycured completelycured completelycured cured next year but a plentiful plentifulsupply plentifulsupply plentifulsupply supply will wlU be restored In many manybnes manylines manylines bnes lines Union UnJon wages will be up upbut upbut upbut but how many others othersThe ? The administration wants high highprices highprices highprices prices but how can it move them themhigher themhigher themhigher higher than now in the face of the thecoming thecoming the.coming thecoming . coming restoration of competition competitions competitionhU competitionsStill " \ Will \hU hU Still people pay the prices pnccs asked askedWill ? Will labor s human leadershIp leadershIpstrike leadershipstrike leadershipstrike strike on and hold back prod.ction prodction production productionWill ! . ? Will the human leadership of the theadministratIOn theadministration theadministration administratIOn accomplish Its Us pur put- put purposes putposes purposes - poses and to what degree degrees degreesWith " With a congressional election electionahead electionahead electionahead ahead how far will the spendIng spendIngfaucets spendingfaucets spendingfaucets faucets of inflation be turned sull still sullfurther stillfurther stillfurther further ? These Thcse are matters no human can ca canpossibly capossibly canpossibly possibly now know , . |