U-2 Pilot Vindicated After Lengthy Grilling

WASHINGTON ‘is Gi

(AP) — U-2iof his Central Intelligence | uperiors in telling the he worked for th CIA, and in c at the showpiece trial in Moscow that had been guilty of “griev.

ous” spying, for which he said he was truly soi | Powers told the Senate armed services committee his confes-| sion to the Russians was made | after im lied threats of a death sentence, and he added in ex. planation of his expression of | sorrow at the trial:

“T made this statement on the | advice of my (Soviet) defence counsel, and also because it) was easy to say I was sorry, because what I meant by say- ing I wanted them to meant was | quite different. My main sor- Tow was that the mission

a mai vhs obligations as an * told a Senate com ri- ous explosion brought his re connaissance plane down in the heart of Russia

Shortly before the 82-year-old | pilot testified publicly for the first time since his return to the United States, an official report vindicated him as a man who:

1. Strwve ir vain to blow up his stricken craft to prevent it from falling into the hands of his captors when he was forced down in a wild spin 1,200 miles inside Russia May 1, 1960.

2. Refused to give the Rus. sians, during endless hours of interrogation, certain informa tion, such as the names other U-2 pilots.

3. Only followed instructions

ene upshot of the CIA report

was that Powers, whe spent #1 months in a Russian prison = | fore he was exc} po lary

viet spy Rudolph Abel Feb. 10, will receive about $50,000 in back pay under his contract

with the CIA. He was employed at $30,000 a year.

\Fines Are Levied \After Mine Blast

JOHANNESBURG (AP) Fines totalling £235 have been imposed on a mining company and four of its officials as a result of the Coalbrook coal mine explosion in January, 1960 that killed 437 South African miners.

Nearly all victims were Ne|

groes. At — and of a month's trial, the state Monday with- | drew a care of culpable nom- icide. Justice H. J. Potgieter| ofte, then accepted pleas of guilty to minor charges of mane the Mines and Works The judge said i“ ‘took into ae that the company lost a mine and several tenes of pounds sterling.

enjoy the taste of

bens,

a

|

Stock Market Not Always Good Economic Barometer

senting shart bap had: an offesk

disappointed that the | SECOND BEE recovery wasn’t quite the boost to earnings he he'll be patient. “His patience will

Che Guardian

By FORBES RHUDE “Covers Prince Edward Island Like The Dew”

Canadian Press

SECOND SECTION

problems of the security analyst its current weekly commen- what “two kicks at the cat” | tn forecasting, what {a ahead. Difficulty arises, it says, analyst tries to distinguish | will rekindle his faith that ween what he thinks the recovery is still under way. If ket will do, and what he he hasn't succumbed by then, thinks i should’ do the first-half earni ually "The stock market,” it con-| available by mid-July, should be tinues, “isn’t the barometer of the clincher. At that point our future’ economic conditions that | crystal ball becomes cloudy.” a quick glance at historical per- 00. LONG formance might sugg: ywever, to what Min the finalcanaiysie 4t| thiaks the market abould do, the | merely reflects the prevailing | commentary says: | opinion of investors, large and| ‘Stock market prices may | amall, as to what they feel tHe | possibly be able to just ir | Vpetaes Gola: Sie eateeny iste | comet lenaieiod orem ek ores often wrong, unfortunately, but,| we feel are reasonable price-to- right or wrong, it's the mass earnings ratios within 12 to 18 oninlon that moves the market.” | moathe, Uail they do we'd pre The to fer to see them trade with this sepsive i eifiulties tits time | range,as the upper limit. ‘There by looking both at what it thinks | are stocks of specific eompan- the market will do and what it| ies, even industries, that could thinks it should do, at the risk, be excluded from this require: Mange of ‘being stripped of ment bat we're talking about Pipe and vest (symbols of sta-| market averages, not specif- bility among analysts ies,” NOT CONVINC! ¢ commentary adds that In brief, it thinks the market | stock prices must eventually | Is going up, but it isn't eon- face up to some sort of recon- vineed that it should Taking the “psychological mass approach.” here is its long," eatin of what the market | feast can't excuse them from | will | this .. . . The theory | “"populat market averages| that the trend {a price-to-earn- will move slowly through irregu- | ings ratio is justified in moving larly to new highs (not more | higher is probably all right, than five per cent above old particularly in a period of im: levels) probably before mid-| proving earnings. But to, as sum: ie that these ratios will no “The move will be the result|longer experience thelr histor!. of evidence the investor {s find- | cal, periodic, often severe cor- ing in annual reports that, the | rections, could be very danger- business recovery a

but |

be re}

SHOP OPENED FOR RIVERSIDE PATIENTS

Peake, Hon, Hubert MacNeill, minister of health, who officiai- ly opened the shop, and Dr. Margaret Burke, acting super-

Canadian Vickers Earnings Reported Higher For Year

intendent ef the hospital, ex amine some of the merchas- dise.

Oral Polio Vaccine

Strict Conservation Foreseen | For Atlantic Area Fisheries |

HALIFAX (CP) — Strict con-| a downward trend is shared by a NE cen elon vpn is hese, servation measures for fisher-| fisheries people in other coun- ’ he level as last year. George R deputy federal | A high Russian fisheries office coi Nov, 20 were 8 {oisas, Because of the improved eam George R. Clark, sade. federal | A high Russian fisheries officer a, EES ALA ea Oa can

fisheries, minister. agreed with him that additional d's Canodian section | conservation measures wil have the International | to be taken soon.

ter dividend of 25 cents » was paid compared with 10 cente a share in each of th

share,

in

or OTTAWA (CP)— Health Min-) already have been immunized $1, a oe a $1.92 a ister Monteith has announced | with the Salk as well as for a) the previous year.

paee : the licensing for manufac-| primary stimulus for those who| ‘The annual report, signed by ee Sane The deputy minister suagested | ture in Canada of oral polio vac-| have not. | Maj.Gen, A. E. Walford, chair- first quarters of the year. Alantic Fisheries he expected) an international inspection syS-/ cine which may result in al-| ‘‘In the case of immunized] man, and R. C. Pearse, presi. | The total of 85 cents a share three years, possibly five, a; | tem to ensure that fisheries rex | most “complete eradication of persons, the initial approach | dent.said: “While the company | In dividends in 1961 compared ‘ | tlations in the northwest Atlan- | the paralytic disease. that a single dose of the oral| had a lower volume of business | with 70 cents a share in

Sis ine aoeta Re conte Nae tee emcees The live vaccine of the Sabin| vaccine will be sufficient. Sev-| than in 1960, earnings were im- vious year Leradhobiin preg cout be coe eid nine Canadian side! riety “represents another eral doses may be necessary for| proved, principally due to in- re pets said Con ont, i conservation measures.” l peceaalanaiia everyibing pos. sreat medical breakthrough,” Boe ate previously immunized Seapenieenster oars bullding ‘or aoa at

‘The chairman of the interna-| sible to have it implemented,” | Mr. Monteith said in his an- with sa vessel for the department of

penses general Shipbuilding again proved the mainstay of the company's busi- the report said, with the

NUMBER OF ADVANTAGES

Mr, Monteith said the Sabin vaccine had a number of ad-| T vantages in that it is a liquid] *°

nouncement in the Commons.

“Because of the really out- standing success achieved with the Salk vaccine and because it

transport but since then an er der for a depot ship for north ern service had been received

he said. Mr. Clark called for sugges- tions from the fishing industry

tional body said there are indi- cations of reductions in the} abundance of fish stocks of ma-

jor importance to the Canadian fishing industry.

“Scientists have indicated that it takes more effort to catch the fame quantity of fish and that the size of as de-

. There seems no Soabe that (herecia a dawaward trend in the fishery."”

Mr, Clark said his belief in

on how Canada interests in the North Atlantic fishing grounds can be best protected.

The meeting brought together Canadian representatives of the International Commission for the Northwest Atlantic fisheries, advisers from the Canadian fish- ing industry and fishery scien- tists.

now is built into child immunt- zation programs across the country, we do not expect that the oreal vaccine will replace the Salk at least at the outset,” he said.

“Rather, {t will be used as a supplementary or booster dose for the majority of persons who

be t nm by mouth ai eee ee een teatime! tract | of available supplies, distrib preventing the multiplication | tion of the oral vaccine will and spread of polio viruses The vaccine contains strains of each of the three know types of poliomyelitis virus, Me Monteith said: In order to make the best use

healih authorities, he added

in the case of the Salk sing the cost of providing the ee in vaccine will be shared | on basis by the federal ry provincial governments Production in Canada will be handled by the Connaught Med- ical Research Laboratories of

through provincial and Tederall is

from the same department. QUOTATIONS

PROMISIN

commitments by feoeaiae ee = igation.

The report said that “of ma- jor importance in 1961 was the introduction by the government of ship construction assistance regulations, generally known a8 the ship subsidy plat

‘The company contracted early in the year to build an upper lake buik carrier under a lease purchase contract undertaken with the support of the federal and Quebec government.

The company will charter the ship on its completion in June of this year until | 1964, with an option to pa the ship after that date. ected’ that since consironlan a

| the ship was largely financed by

working capital funds, net work- ing capital funds, net working capital was reduced by $4,428,- 843, the value of the ship in the company’s balance sheet,

At the year-end net working capital stood at $4,957,338, com-

pared with $7,707,0 the

the University of Toronto and the Institute of Microbiology and Hygiene of the University of Montreal

Health department officials said that sufficient quantities of the vaccine should be available

r use in Canada before the fart of the polio season in June or early July

THE EASIEST NUTRITIOUS LUNCH YOU CAN SERVE A CHILD

or an adult too!

STORY TO SPEAK

HALIFAX (CP)—Dr. G. M. chairman of graduat at the Memorial Uni- of Newfoundland in St , Friday will address an | banquet of the Halifax of the Nova Scotia * Uni

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