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41. Exports will fall again in; 1953. The drop in imports will be much less than in exports. The! n*‘w Administration will be urged j to promote foreign trade instead: cf foreign aid. Only by buying1 our neighbors’ goods can we get them off the relief rolls. To save ourselves. I predict, we will buv mere abroad, although this will be hard on some United States; manufacturers 42. I look for no change in the | official United States buving price for gold. We won’t ''monkey with” the mint price of gold until the nation gets really "hard up.” Stocks And Bonds 43. For the year as a whole I look for business profits to be slightyl lower than in 1952. Earn ings will be better during the early months, with a decline ocur ling later in the year. Profit mar gins will be cut by stiffer compe tition from both domestic and foreign souces. 44. Recently upped wages, plus 1 some additional 1953 boosts, will also put heavier cost pressure on profits. 45. Some companies that have been hard hit by excess-profits i taxes may show improved earn ings when the excess-profits tax expires June 30. 46. There will be a cushion un der falling profits provided by the j current very high tax rates. If profits slide. Uncle Sam will share, the heavier loss. This very fact, however, will make it difficult for! Congress to reduce the rate of taxation. 47. Stocks are high historically, i We are approaching the end of a j
66.6%