I Peace sot

rim crmmnrrcrowu GUARDIAN

\

Novelty-git z9._1~9_4_@_

Professional iiariis

CHARTERED ACCOUNTANT

' I Currie Building Charlottetown

I Iel. I636 P.O. box 452

| J. A. McGUlGAN. B.A.

NOTARY. ETC. BARRISTEB. OOLICITOB. CURBIE BUILDING

MORRELL and COMPANY

Chartered Accountants Eastern Trust Building

Phone 1M7 - Box 344 Cb... lottetowu

B. M. SEAIIQ. C.A- Resident Partner

urn. w. HIGGINS ,

COMPLETE INVESTMENT SERVICE

Government And Corporation Bonds Listed and Unlisted Stock

BOUGHT - BOLD -

r. .1. nnrriiiii _&_ poiiriiiv 110.

QUOTED

l. M. BAGNALL-lilsnager lottetosvu

102 Richmond Si. C‘

' of Canada

Telephone It'll

Advertising Rates

Classified 8o per word; In Menioriam Notices 84c per inch; Lists of Floral and Spiritual Offerings, Cards, etc., 5o per name; Let-

Iol‘ $1.00 and l0 cents for every

Thanks and Appreciation 84o per inch or 5o per word; List; o]

I ! ten of Condolence 84o per inch; I

Subscriptions, 49 cents per inch; Other rates on application.

Ilayalile in Advance

Minimum Charge For Any Aowrtisenient 25 Cents Central Guardian locals 5c per wont; Western and Eastern locals 2o per word: Announcements and C

‘ I Events 3o per word;

Wsdfllnr Enzaxvmcnis. 4o words additional 3’ words. Notice; of

Address and Presentation $1.00.

Female Help Wanted

PUBLIC STENOGRAPHER

loncert pr , u... r

lIfimeographl-ng cards and circulars,

For aal’ g FOR SALE-NEW BENCII SAW and one 1-3 ILP. motor‘, itinu wood lathe, l-d 11.1’. rtione 103-1..

11pm; and bookkeeping HELEN cllnnelt Telephone 1890-! Apt. No. 4. Connnught Apts. Pownal Street

H R. DOANE 8. CO. Chartered Accountants

._____________ f§%.'.§ 4' i McLEOD 8..BENTLEY

y w. 1:. BENTLEY. K-C- ; .1. a. BENTLEY. K-C- O 4

Barristers and Attorney's-at- Law

I54 Prince Street

ALEX W. MATHIESON

BAltRlSTllll. SOLICITORQETC. 0111.... 90 Great George Mm‘ Iioney to Loan

DR. A. R. SMIYH DENTIST \

175 Grafton Street Office Hours: 9 to IZ—Z 7'9 D ‘Telephone 22M

M. ALBAN FARMER 11.1., i.i..n. MONEY 'ro LOAN BARRISTER. souurroir. ETC-

; Barring", solicitors. Notaries. l3“-

Canadian Bank of Commerce Bldg. k ‘ MONEY T0 LOAN GILBERT A. GAUDEI‘. an, 1.1.1: A. WALTIIEN GAUDET. LII-B- Danadian Bank of Commerce Bldii-i Charlottetown, P.E.l. i _-- 1

BELL 8. MATHIESON Barristers. Solicitors. 5w- R. R. BELL. 0I.L.A.. n. 1.. MATl-IIESON. 1.1.0.. K. Attorneys-at-Law l LOANS ON CITY AND FARM ‘ PROPERTIES COLLECTIONS 150 lehmond St. Charlottetown. P.E.I. ____.._._----—————

FREDERIC A. LARGE BARRISTER. ETC. I hillipg Building. 111 Grafton St-l hone 104a no. no: t4!‘ CIIARLOTTETOWN. P.E.l.

I ‘ QOOOOOO-QOQOO-O-GOOQOOQ-QQ

I n11. w. n. cinsoii

N Grafton Street “Iermmli Charlottetown FOR SALE Yo? —- G BU PM!" 2°“ B" 247 Registered Shorthorn. .1. Randolph W. Manning. C-A- Crosby, Cornwall.

i z 2

PO-OQQ-O+O-O-@OO~@O-O~O GOO-O-OQW

Collection 5

F01! SALE — t8 INCH IOTAII Saw Inserted teeth. Patrick Mc- Uarule. New Villtszllre, P. n, 1.

CAPABLE GIRL WANTED IM- medlaiely, knowledge of cooking, excellent wages. three adults, two older children best references re- quired. Mrs. M, Solomon, 4047 Grey Ave, Montreal.

Wanted

I-‘Oli. SALE—-I931 GRAHAM coupe. New rubber. Can be ssen at Hastings’ Garage, 114 Kent Si.

FOR SALE - MANS BICYCLE. Good condition. Lalwson Buell.

rTRUCK FOR SALE — I041 MODEL

' Light Delivery Ford V8. Motor in good condition. Good tires. Jerry l... Gallant, North Rilstico,

FOR SALE — FIVE-YEAR OLD Guernsey cow, due to freshen. A. S. Frizzell, Sherwood.

FOR SALE-FUR COAT, PIECED Hudson Seal llends, size ll. Price $30.00. Phone 1581-22.

FOR SALE -— YOUNG BBOOD sow. Also a. Shorthorn cow. Apply Arthur Stone, Cornwall.

IFOR. SALE - 1500 owr. TRUCK. I Good condition. Perfect tires, W. ! ll. Burns. Malpequc.

,WILL SELL OR TRADE 1939 Oldsmobile sedan for an older car at a bargain. Apply at Ar- gyle Service Station.

FOR SALE—BONA'I‘ PERMAN- cnt. wavc machine. Good con- dition. ‘.28 healers. Apply Box 665. Summcrside.

YOUNG MAN IVANTS ROOM and board. Private room. Guardian.

nrfm

small Grocery Business in mun.

"Y 01' Clly- Alvrly Box 216, Guard- X1.

WANTED IMMEDIATELY, AN apartment or rooms. furnished or unfurnished. Phone 1791.

EXPERIENCED IIOUSEKEEPER wanted immediately. Apply Mrs, Fred Corie. 804 Ridimond st. Telephone 801-1.,

w a 1v r a n - amt nonura _E‘7ho;1c 1107-2 Mlotrsel Bros

WANTED - ALE B Plhonc 2208. Maurice Block,

Lost Found Strayed

cr please notify Melville l-iiggin, South Melville.

LOST - m on mineral. KEN; slngion and Spring Valley. sheep lined coat. Notify w. s. Md“ Lean’; Store. Rcv.'nr<l_

LOST — BETIVEEN CITY HOSPI- ial and P. E. I Hospital. Parker 51 Fountain Pen Finder please call 193-J. Reward,

For Service

.__i___ *___ ____ l BOY WITH BICYCLE WILLI deliver parcels aftcr school and

1Y0... ‘sl\vnu_- LARGE suntan

I Robe and Rubber Boots Vendomci

Hotel.

FOR SALE — I985 DODGE MOTOR W. J. Profiit,

on Saturdays. Rhone 0115-1.

a _L______k____.__ , Machinery

FATS/in: - 1;...F.ir.r§”r~.. I Road Billldlnc nnd! l Construction Fquimncnt of every

lron s11]: - ffacMgoriiirsnrzn

c lrorr sane _ !.AD\"S nnown

osossooooooo-omoooooo-ool

CHARLOTTETOWN E10 order m“, also I *—', " "Mo" "mT-“f GAUDET 8. HASZARD non slur. - 1011 clii-zvnonnr.‘ ‘égnling

Five new tires. in good cclrditionu, Apply J. J, Doircn. Mayfield.

Nur Roadster. Ceiling price $384.00. Selling price $110.01). Would ex- change for feed or cattle Nannan llydc, Cornwall.

FOR SALE - MODEL A FORD Sedan. Good (condition. Wm. Miller. {ilurray River.

care for invalid. Guardian.

fur cont SlZg 14. Good condition. Price reasonable. Phone 1883. 1.117.555. _'liiiizmz7o'rlrrons. Apply G. Henry Jones. Hazel- bro0k_ FOR SALE — 8 PIECE CHESTER- field, almost ucw. X. Y. Z.. Guard-

la._,_ tunity-and are in a posi-IIOH -—~ ——~-—————~~ "r r '"~~' repay ivlthout hardship. talk to the FOR. SALE - MUSKRAT COAT. managpf Q,- accmmmnt or Size 14. Phone 83 nearest B of M branch. ' 11hr slid: - 1041i 1'4 r014 IN- . iernallonal truck. stake bodY- a month '

Apply c. c Gallant. Greenvale- <"-"—’—‘__” SALE - niw sums.

FOB K l1 -‘ W d Yard. ‘Phone 1259-L. (equal to ti’, of 1% interest per CHARLES a. McQUAID i'_._,_°j_i .......0.1 B-A- ill" R SALE - 3°‘; 6511-?" PR3: N0 OTHER. CHARGES . . ,- ter tan , one orsvenow Barman" solicitor‘ z gixseerrgine. air-cool. perfect sham, Endorsers are not necessarily Notary. Etc. z om, hand pun“; QQmpIGIE. Wiihi feqllired- Eastern Trust Buildinl. cylirflgr and pipe new. F. GJ .................. l u... Mt, I 341a]; 9p Phone 1711 _ "~4"-' mi" E "" ' “"" FOR SALE — 1942 PLYMOUTH. M Apply Freddie's

Below ceillna. , Service Station. Montatlilt»

'l§‘5“ri“sar.n - LADIES’ WINTER cont. fur collar. ladies’ suit, size 36, 2 men's coats. cne lightweight and one winter. Perfect condition-

H. F. McPHEE, B.A., K.C. NOTARY, ITO.

IAIIIUTII, SOLIOITOI Idling Oiisrl n

OOOIOOOO-OQOO¢**¢‘

EYES EXAMINED

I P-mlgcfldun“ .111 priced at r1200. Apply amt _ e--"~"~"'" m“ °°°“‘°’ — Auction Sale esi Prince s1. Phone m2 Personal ____________________ momma sUPPLIEs @9555]; OF MACHINERY AT PALMER a. HASLAM on...’ fifigffamélm brilfi‘? Mm-‘NT "'-"°N i. 1- nevi-m B-A- W“ "ed" 25°‘- " ""'“"°° ‘m2 MONDAY orc 2.0 1.1 2 m Mann-E‘ ETC, Mall-Order Dept. Blfl Nov-gal‘ . _ - I - - Isak at‘ 1:11:11 Scatter‘; ‘ b" 0° Bo, 9L um I um instructed by Miss ll I SO00"; - - - . an" T" w" .. T9. "°‘____ EZ°"I"...'.?SS"ZZ"..'Z 511"?’ 1'3." "W" u '0' m’ I‘ sromac non ONTCAB. rene- | a Q o ' ate Samuel Sesley the follow-

phoaie 1704.

__.______.._____.___ 1'0 LIT-l ROOMS. Apply IIJ. Olements, East Royalty.

ing: I Binder Mower (M.H.), I I Roller, I Set I Plow, I Cart, I

IDNDON—-IUPI—TI’IN‘E are now 10,708,000 radio receiving licenses in force in the United Kingdom.

Fonnsn,

You would honor us b_\' Duke Equipment Com- pany, 207 Duke Sh, Montreal.

Exmmrnlvccnjliviilnsr:hwounii I

Money to Loan lIo You Need a PEIISIIIIAL LOAN

For every useful ‘purpose, you can borrow at the B of M. If you need "whey-fur an emergency or oppor-

for a S100 loan ~

repayable in 12 monthly instalments

Branches Everywhere

Spring Tooth Harrows,

I Driving Wagon, I Turnip Pulpsr,

_ __r_

sing - ,

Apply Box (1..

to

YDUI‘

(M.H.), I Hay Seeder, I Rake, Disc Horiows, I Truck Wagon, I Set of I

Tenders

ll

Sleigh Pole, I Truck Wogon Pole, I Fire Extinguisher, Hor- nets, Stacks oi Hay, Quantity of Household Furniture and sev-

WIII be received by the undersigned until December 4th, for the‘ sols of iropertygei 9 Gm» Street, lrigliion. I

impaction by‘ oppointsnint.

. mom I957 1 (Mn) raioilim mm

TERMS CASH. W. H. I

oral other articles. _ If day not fine sole will be held tIie following day.

EATON, Auctioneer. _

/ Mining

'1‘0R.ON'I‘0. Nov. 8- (Csuadlan Press)

Sales Stock s00 Alialt .. -- g 1 a 510D MIC! .. ' m I 7W Am IAIG a 1000 Ansley a l ‘ 2.0600 Amt -' 4000 Astoria ~ -~ 1;: "* 1000 Aubelle ”“" 25 14 3% gamma‘, _ Can Cement _. 1a l-2 40 Bk NS C511 Pacific .. 1B l4 16o Base Mo, Celanese . 57 1-4 ' Can Car Found . 13 l-4 35°‘) Be" " Can Car Pfd 1s a--1 1°°° Emma“ Can Steam I‘ 1a 1-2 gag gfgggod Cockshutt 12 1-4 ‘ Can Vickers 3: “w” 1km“ Dom Bridge s2 1-2 ix £225}, """ " Dom Coal Pid 1s l-2 D011 A .. 13 1:053 gxtwgom m5: Sesg . 11 3-4 1500 Brew“ 4 D0’!!! Steel B .. 11 I~4 Dryden .. 17 Fraser .. 52 160° 3"" m $311.1’; Co d: H’ 1000 Calder Gen Steel Wares l6 3°” °"‘"“““ How Smith 21 100 Bk con-l Ham Badge 6 H 300 C Brew . 26 515 Cdn Mal H L’ 1000 Centrema .. 33 1100 Chem Res 13 200 Chestv 15 L8 4500 (ILral 43 450 Cocheno ‘a 3_8 2500 Colomac 2, ,,_4 14000 Chesklrk s; g4 7000 Chimo Luke -wnods 34 b‘ 155 C Smelt, M“ Power 20 1:4 6°‘) c'°i“°“ Massey Harris 1s 1-2 m“ °’°""“° McCall Front "2 1-2 7m 13mm" Nat Stccl Car 2a n00 Dhkm Can Nor Pfd 9 1-4 2000 Discov Noranda ' 48 93°‘) Di" 1m Price Com . 51 gag DDT‘: Que Power 20 3 Det a 28600 Donald! Shawlnlgan 21,1! 5% 1200 Duques 3500 Duvay 3200 E Sllll 6300 Elder .. 4000 Eldons

2s00 El Sol f.

Montreal Exchange

Trend Continues Upward 0n Montreal Market

.MON'I‘RIAL, Nov. 8- (OP)- Prlces showed rising trends after _a cautious opening today on the stock exchange and curb market. All key groups were higher In the lndices except banks which were down a bit.

In papers. AbI-tibl Common and Brown converted losses into gains. Also ahead were Bsthurst. up 2 1-2. 8t. Lawrence “A" and Paper Preferred. Quebec Pulp Preferred. International, Dryden. Consolidat- ed, Price, Abltibl Preferred, M, and

on its dividend due at this time. Higher were Algoma. Stelco, ‘As- bestos, D. Bridge, Gypsum. I. Bronze Preferred, C. Sugar Mas- sey, C. Industries and Marconi. Eksier were C. Bronze, Ford, U. Steel, Fairchlld. D. Coal Preferred. Dosco and Dredge. Celariese and Dominion Textile firmed in Tex- tiles. In Beverages, Walker switch- cd from loss to win terrltrvy Sea- gram. Breweries. Aico "B" and Dicks pushed up, Alt-o "A" retriev- ed a slip and C. Breweries was off.

On the upside in utilities were Shau/lnignn. lower in initial deals- Bell. Brazilian, B. C. Power "A" and "B" and I. Utilities. M. Power backed up. Commerce firmed In banks and Montreal and Royal re- ceded. Steamshlp Preferred Irri- proved in carriers and 0.9.8.. wip- ed out a deficit.

In metals. Nickel, which opened lower, and Noranda were gainers and Smelter-s lost an increase. Im- perial, Petroleum and McCall ad- vanced in refineries.

Bralorne was in front in gold! and Home slipped in western oils. Among secondary mines, stronger were Normetals. Donalda. C. Cadillac, Jollet, Lingman, Some, Heva and Nechl. Pointed down were Sullivan, MacDonald. San- tiago, Formaque. O'Brien. Pit! and Slscoe.

In miscellaneous. Belgium Glove. Butterfly and David "B" hardened and Auto Fabric weakened.

Trading box score: Total sales: 125.800 shares; mines 79.500; in- dustrials. 46.000: stoc s hlgher 71: lower 36; unchanged ; new high i; new lows U.

250 Falcon ., . 42o B“m“““ 4000 Fcd Kirk 08 1000 Franco .. 28 300 Frobish .. 285 200 6.... sso Produce 3000 Gillies ll 3000 God L 54 1000 Go- Arrow 30 MONTREAL, Nov. 28 “(GP)- 5125 Go Man . 290 Produce prices quoted here today 1000 Halliwell . 041-2 reported by the Dominion Depart- 2000 Hard R 54 mcnt of Agriculture follow: 62000 Harrie .. 19 3-4 Eggs: Frce cases A large 40-- 1500 Hdway 12 4T; A medium 39-40; A pullei 30700 Hera ' 71 35-36; B 38; C 3i. 155 Hud Bay 4°. 1-2 Butter: Wholesale, Que pasteur- 3500 Indian 20 lzed, fresh and storage no. 1 40. 435 Th! Nick 33 1-4 l-fl; current receipt Que no. 1 pas- 8100 Juckni leurized 39 3-4. del Mil; no 2 38 1500 Jason 3-4 del Mil; first grade creamery 15600 Juliet prlnis job price 4.2; solids 4i. 11700 Kenvil . Cheese: Western and Que", cur- 1709 Kirk L rent receipt, fob factory, colored 800 Lahrad 22 1.16; ivhitc 22; wholesale col- l000 Laguer orell 22 13-16-23 1-16: white 22 I65 L. Shore 3-4-23,

3000 Lapuska 2550 Kirk Gold

INFORMATION WANTED

Omaha, Nebraska,

Potatoes: 75 lb bags PEI. 1.15- 120; NB 1.15-1.25; Que 1.20-1.25-

1900 Leiirh i?

18700 Lmgman final; amgalk in the open always

1700 Louvlc L! k ' '

‘it! ‘r1121? IV95I°° '

~ . ..

1000 MacDonald .. __.__ "mm" nfluaf

1g‘? “lgfldscga SUMMARY an .

10m Mamlg" < ~ Cattle runs were moderate In the

$a";'“5 - - -~ past» week and prices generally firm

. arnn tf ll ht h d'n n l in

.... 0...... 33°55, ":,,:,,:; ,,; 3,1,; ° 63.3., For Saskatchewan

58$ xflheizn- were unchanged in price. hogs

° d f cti nl gains .and lambs "<—"-

1m $1712 Corp YQLQHJJ‘ ,,:C,?,,,,g.,d_ (By Tho Canadian Press)

r y RITI

700 News y; l, c m M, l, , REG-INA. Nov. 27—Dr.illing of

1000 Ne\v our. .. ¢,,',.,,,“,,,,'e';,,,;, f, mint"; Wm wells for a $1,000,000 salt develop-

noo NM“! moderate and included some 2500 "1"" “hm” I“ m‘ UM‘? u"

200 Norands sunken, prices war; generally un- 0i Saskatchewan to employ be-

2000 Nmbe" changed with a few loads of’ good We" 9° “d 3° me“ Wm ‘"51"

7000 Norgo-ld to choice weighty steers at $171.25 Immedhnch“ n w” ‘mmunced

2300 Normet ‘ 1. 0 today. ,

W 2311311.? “i? i‘.‘.‘.§°“.‘i.§..‘.“§.i.§‘°.'3. Res-um- Mi-le-r .1 L- shun

75° 08PM“ stacker-Is were still on hand after “m I" 3 smmmmt m" ‘n “m” 23800 Ogama picked kinds had sold for tlllfi to men‘ IJEIWQP" the provincial gov-

3500 omega $12 and stock calves up to $1325 emmem‘ “d u“ hurl’ an‘

1500 Norzong There ‘Vere no "a, mp use" company, Limited, providing that

moo omnm“ hand at Montreal but prices were a p15"! Wm‘ mimmum r ‘H’

23000rlac mm ,0 25c higher Wm, Qledmm of 25 tons daily would be ready 11500 Oslsko to good nunmy mic" “Hug ‘u. for operation before June I0, 1048 '

133g 22°51“ - to $12.50 and an add $13, anj good "m" . . h lVl m

1000 Parbec ‘aunt: 120M110" ‘Ive; in hog prices. with small on... 59800 PM my to medium grade. Principally cows. mad‘ n principal mnkem fir‘

39° PM‘ C’ Medium to good steers rated $11.25 °m° paid “P t° PW m" an“

60o Pmneer to $11.75 delivered, medium cows A’ a ‘am °t 15m whne “Pnnml

i721 Preston up m w and common '7 m ‘a was also stronger at 830-75. Winni-

1000 Puidy _ _ gag‘ continged unchanged at $18.70;

500 Que Gold , 11o w u C m M. k ‘ a gory a vanced to $18.60; while

4550 Que Man. Theréeswé: rsore°pluit1egunnty Edmonton remqned at $19 for

80° Qmeml cattle on western markets and whlle Grade A m‘ shlpmem FM "535

3190 Quemont’ pm“ on the average were steady at plants. Prince Albert continued

3000 293°" ' - with the previous week. there was w ‘gflntm’ arm? A "Id MW"

5am °“5'"-~- id t drssrlwm "

385 Roy Bank firing: emzvozrettlsw" Thelbove prices do not include 15am mm‘ ilve'costs. Wl-nninez had some well- m’ Domhml‘ G°‘.’""m'"‘ 3mm‘

2°00 S“""°'"' finished. weighty steers at s13 to '“"‘ °' I" P" m-"d °" G-‘fldt A

Shaw“? $13.25 while the general top on “d u p" ha“ °“ 0"“ m 0°"-

2250 22°37!“ cows was $9.50, All good replace-

‘ooo s1 hoe .. merit, cattle were in demand at $10

moo s en . to $11. Calgary was active and

765 sud” ~~ steady, with good to choice but-

130g gwev R0 . .. :20 cher steers at 011.11 m $12.50, while

m u" - .. so 1-2 Edmonton looked 20c hlaher on m»

1500 3m‘ H .. 340 quality butchers, good to choice

4m hurbols . .. l5 steers making $11.75 to M205 and

4083M?“ ~ "5 a few $12.50. Prince Albeit con-

es . . ass .-

mo Wm’ H _ taiénued steady. with top steers O11

0400 Wsss ' 1

“i913 3'3"’ - "W" ‘° "“"“ ""“' DIIIIID 135m w,‘ 3"‘ -- 810 Dairy cattle shipments to the _ _.

To.‘ nch . .. . 37 United States for the past weelr . 1 0...“... 1.21s head. melting ..._ Qguyligf- “m " m‘ m" "'“',,°','m' m"

9"“ m m‘ “m ‘m "t y“ We ulre toes of Dressed ere ‘its and from January 1st to n“ c T 11,, “N, ciao... and m1. o... plel

Ulclillllfll Oil! Market

and the Ilsrftirnsi $8 delivered. ' Iii-anus in leg lanai

iiululu. iirrruis or uurrirs coulm rnocnrssivr coisrnvirlvr ’ issotiirioii

The annual meeting of the Queen's County Progressive Con; servaiive Association will be Iiold in the

. CANADIAN LEGION HALL, 57 GRAFTON STREET, CHARLOTTETOWN ON TUESDAY, THE TENTH DAY OF DECEMBER, AT THE HOUR OF 7:30 O’CLOCI( IN THE EVENING B. ROY HOLMAN, J. B. JOHNSTON,

O. and temporarily Fraser._ H. PIQSIOQIII Secretary Smith and Lake St. John wgre shaded.

1n lndusgl-ms, R,_ Mitchell tum- was ratified by order-ln-councll the Interests or the Drown“. bled 3 1-2 on publication of news yelierdly- Mr- Phelps said. ' the company had deferred action The decision vi the seven-meal A. 0- Ponder. Dresldent of the

Prairie Bait Company, said crec- ilon of the plant, expected u, cost approximately $100,000. would b88111 M" Biirina. The company has agreed to invest up 1n g1_ 000.000. '

Rpntal on the area to be ge. veloped. about 00 miles northwest of Saskatoon, will be one dull...- per acre annually and royalliog will be based on 30 cents a [on m‘ three per cent o! the not mun- ufactured sale price of bulk snlg ulilcllcvcr is the greater.

A 4S5 foot layer o! gala; “m, assays running as high g5 993 per cont sodium chloride, Almgg] pure salt have been discovered at

to grant eiilploratlon and develop- ment rights to the company, a subsidiary of the Dominion Tar and Olleiuicsl Company Limited, Montreal, came alter the provin- elnl government's economic board dedded that it "would not be de- sirable to develop the salt depos- lts under public ownership at the present time.”