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Show ' IS BUSINESS IN RITICAL STAGE I There are signs iat business is at the critical stage, declares Dr. Leo Wolailj director of the National Bureau of Economic Kesearclwho warns people not to be misled by the "outward apRrance 0f things "' during periods of intense business acuity. . This is somewhat 3Ssimistic in view of the record- breaking declaration oldividends and the high level of employment in the couny. Just what the "weaa spots" might be, we have no id(j but they probably explain the Pollyanna statements tht emanated from the president's headquarters in Florida ,veral weeks ago. Assuming that the Section of President Truman t ' means a continuation of thpresent policies, including the liberal expenditure of moiy for foreign assistance, one would naturally expect the sxt f ew years to be what are called "good years." No one should overloolthe inevitable necessity of reduced spending which wilhave a deflationary effect upon prices and business. Wither the time for retrenchment retrench-ment will arrive next year; c some year thereafter, is th uncertainty but, sooner or iter, the reaction will set in. Our advice to Milford Ne5 readers is that they get their financial houses in order for the stormy period that approaches. The havoc 11 be most severe in in- dustrial and financial waters, In agricultural communities communi-ties cannot entirely escape the cosequences of the present unbalanced economy. . .- Farmers of the country may ;ecall that they did ,'not, as a rule, enjoy a boom during the" Coolidge prosperity?' that culminated in the "Hoover depression.'" The reverse re-verse of the situation may come tue later, especially if price suppp'rt& continue; to. give soid footing to agriculture. agricul-ture. Maybe, agriculture, will miss the full force of the next depression just as it missed he full force of our earlier "prosperity. " .. , |