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Price Forecasts 19. Barring World War III and severe droughts, the supply of most raw materials, farm pro ducts. and manufactured goods promise to be adeouate during 1953. Even the so-called invisible inventories in the hands of con sumers are high as a result of heavy buying since the outbreak of the Korean War. I anticipate few shortages next year. 20. Do n"t foreet that there is alwavs a big IP in the supply situation with regard to farm products. Severe drought could cause havoc. One is already long overdue. Scan closely weather re norts from the nation's ' bread basket." 21. The demand for goods \vill be stronger in the first half of the year than it will be during the last half. Disposable income will hold close to current high levels during the first half of 1953. 22. Total pay rolls will hold well, with prospects favoring a slight drop during the late months of 1953. 23. Farm gross income will strengthen along seasonal lines during the first four or five months of 1953. If we then avoid j drought. I look for a lower farm income during the second half of the year.
66.9%