z

FEBRUARY 8. 1954

Advertising liatee Payable In Advance

Mintinusn Gian-go For Any Advertisement 25 Cents. Central Guardian Locals 5c per word; Western and Eastern Louis 4c per word; Announcements and Coming Events 5c per word; Classified 3c per word; In Memoriam Notices 84c per inch; Lists of Floral and Spiritual Offerings, Cards." etc., 5c per ngme; Letters of Condolence 8-4c per inch; Wedding Engage- ments. 40 words for 51.00 and 10 cents for every additional 3 words; Notices of Thanks and Appreciation. 84c per inch or 5c 9.; word; Lists of Subscriptions, 84 cents per inch; Address and Presentation. 31-00-

Other Bates on Applications.

The advertiser agrees that the publisher shall not be liable for damages arising out of errors in advertisements beyond the amount paid for the space actually occupied by that portion of the advertisement in which the error occurred. whether such error is due to the negligence of its servants or otherwise. and there shall be no liability for non-insertion of any advertisement beyond the amount paid for such advertisement.

To Leyw TO LET-LARGE MASTER. BED- room with twin beds, for two busineumen. Meals served; also garage. Dial 3489.

TO RENT - HEATED APART-

Agents Wanted

ACT NOW FOR ma eanxmosz indies making money in leisure hours. Beautiful line of oosmetia Ex-pcrience not ecessary. Write to poreldina Cosmetics company.

law Delorimieh Devi. 1. Mom ment, 4 rooms and bath. Con- treal. tlnuous hot water. Central 1oc-- "cw""T'5-" ' """'- "" ation. Reemmtial. Apfply Box 240 Boarders Aoooisnsilateil . cum... 'ig"M,f:M1jA;',f,E2' ""'Y " Typewriters

sssa riiifuew REBHNGTW Quiet-Eiter -exclusive features.

For Sale

. .---- sensational performance. so

Vnn SAIETWASHTNG AGES monthly. Special student rates "15 Ema?” pkirvwil nn rental machines. Remington

iv"? SALE pp ONE Sow DUE TO! 101 Kent Street. Dial furrow! 15th. Mstihiasl V, g Malone. K0117! Croat wamad -v--

-on sau-: - INTERNATIONAL ....s we-W mwk mo.,,,.. cmnpm, Wm, WANTED - SING,-LE can can- iransmisaion, A-1 condition. A.p- ?'lf;nS::"3L W71” BGK 2451

- .

my B,A, service Station, Hunter , up gnwg "pg River. WANTEI) - WORK SHOP IN itin SA-LE .- nmtsrannn AYR- gg3'1-"Ph0"e 96” be” e” ”"" shim cow. five years old. Duo 99 - E Lam, w...,-, , freshen Febmuy 15'-ll RBIJNV WANTED - BOAR .PlG READY

able. Fred Maomie. Wheailcy for service. Harry Linkletter. llu-rr. Llnklelter Road. mi:-'s7i-i'.F.'- ii moot noose. ' W

electricity. 254' aorta land with ,..M s?,.,- running brook, near Glermont CURTAINS STRETCHED. DIAL station. 300 yards from pa.ve- esoo.

ment. also garage 14 x 26 feet. Hip mof. Eddie M111.-

..;rf..... -tm'-mi. nuts. .-........4 Emnlovment Iliiiiortunltles

Beach Point. P. E. I. For price Board of and tcrrns, apply Hendley Penny, Mono- W7 Alain Street, storicham. 80. U038. l OR SALE-KODAK TOURIST. tamera. almost new. 4.5 lens. speed U200: Kodamstlc shutter One Kodak with anaetigrmat lens ii. speed U400. One Royal port- .-lole typewriter with carrying vase Prices 350. S00, s50 respec- ”,VPlY. Dial 6275.

female Help Wanted

WANTED - RFIIJABLE WOMAN or girl for housework. Write Box 704, or Phone 2331. Summer-aide

-jjij-2-ij-:1-

District Transport

Inspector, Commissioners. ' inn, Np, si;,i20-S-6.8-10. DlI'0i'lm, Education Division. aunsu n( statistics, Ottawa. 36.- i2o,s6.8.io. l Depot Controls Officer. Ottawa. 155.720-56.360. i Marine Engineering Draftsman. Montreal. s5.4m-M120. Biologist. Ottawa. s.'s.1oo-95.320.

Marine Engineering Instructor. St. John's, Nfld., 54.080-35,700.

Legal Officer, Ottawa, 34.750- :R.3,550. .

Assistant Chief. Industrial De- sign Division, Ottawa. 54.560-55.280.

Departmental Solicitors, Ottawa, lnS1'- OURLING TAM WITH !53.'l20-54,620. mi';,EhnM,f.5EL information Officer, llnlifax, M,- HIST-STEEL TRUCK 'l'AlL- 170-54.920.

l?::;';1F:i1Ll:”"nn1;I”:”:g;L”t1 Personnel Selection 0 f fl c o r. ", ' ' ' 9 "5 'specialization in psychology), Ot- uilfrccl Wattorwnriih. Montague. ,5.” 54'290,54'92o, 0ST--IN THE VICINITY OI-'l Commercial Artist. Ottawa. 34.- ll-inter River, truck license plate l110-54,500.

("'3' 1955' Flnd" NM” "1! Mitiitors (income Tax Assessnrsl ,”"'m'" Riven Ems 6'31" Colilvarlous District Offices, 3i3.l80-M.- .PF

'”'”"”'””'”" ”''''i ”r”” 83,900.

Home HOUSE FOR SALE '”””'””' ' Librarians. various centres, 81.- 940-SAN Eight roon-u- all floors Laboratory Technician. mrrlwood: concrete cellar. ""m””'2”' loriier Fitzroy and Kent St. C.:1"”;LCIg'(;fs2g,::i'l'"”'t Q”?”" , iy, .. .... ALLAN M'wlNNlS' I D tall 1 lication forms at 330 Fitzroy St. you: negafewt acplgil Service Com-

Dial 5250 mission Office. National Employ-

ment Office and Post Office.

i

llSED riot SALE

600 x iii 1 75y tiiii! x iii -1 Ply

7.50 x 10 8 ply ".30 x 20 ii it) ill Ply A ;

000 x 16 6 lily .1! A s list) x 10 ll Ply

700 x i7 8 Ply . ' NEW iir2('AI'S :

750 x it; 6 Ply 7.30 x 17 8 Ply 3

All Tires in Excellent Condition ROBlNSON'S TIRE SERVICE l ' 64 St. Peter's Road

, Dial 9336

is

There Ought To Be A Law

o"""' 33 British buaineu men here seek-

By Fagaly And Shorten

New Yo:lfSt00lfs

NEW YORK, (AP) .. The stock market continued its rise last week and posed a new

threat to old high marks.

It was the fifth straight week- ly advance, and it put the mar- ket on average to within a short distance of creating a new high for nearly 24 years.

In Washington, the moves on tax legislation have been ex- tremely heattening to Wall

street, especially plans to modify double taxation on dividends and reduce the capital gains tax.

Also, in recent days there has been diminished fear of the im- pact of a recession on the U. .5. economy.

Buying enthusiasm carried hver into the Friday market with such power that order; to buy swamp- ed the tape briefly right at the start.

But most brokers in Wall street feel that the market still has to

meet its major test despite its record advance. The five most active issues

this week on the New York stock exchange were:

Chrysler up 1 at so 8-4 on 127,000 shares; Pepsicola up 3-4 at 15 1-4; Dow Chemical up 5-3 at 35; General Telephone up 1 1-8 at 49 3-8, and AC? Brill up 3-Sist G '1-8.

Canadian issues were higher as

THE GUARDIAN. CHARLOTTETOWN

can. Living costs continue To Decline

0fI'11AWAi-(OP)-The oonsumer price index declined by one and one-tenth of a point during Dec- ember to 115.7 from 110.8, reflect- ing the third consecutive monthly decline in living costs.

The index now stands exactly where it was in December. 1952. when it also registered at 115.7. During 1963 it dropped, climbed and then declined again.

The index. benvd on 19-19 prices Bquallying 100, is 2.5 pcirits below the peak of 118.2 reached in De- cember. 1051.

As in previous months, lower food prices powered the December drop- the smallest in 1953. A few scattered drops in clothing also R-!l590d. to overcome increases for rents and other services.

Thougih the price of meats and vegetables rose, other food items, including eggs, decreased to pugh the food sub-index do-.-sn by one- half point to 111.6 from 112,1, the lowest in seven months.

INCOME.

ance premium investment Income other Income

Loans on company's Home Office Bulldln Cash on hand and in

Other Assets ....,......... Rents Ahead ”

Rents advanced again. pushing the shelter column to ll. new hlvgi of 125.4, up one-fifth of a point from the previous month.

A few scattered decreases among several items chipped one-tenth of a point from the cloifhing s'1h-

ihe week ended. International Nickel gained 1-2. McIntyre was, up 3-8 and Canadian Pacific andl Hiram Walker added l-8. Dome! Mines slipped 1-4 and Distlllcrsl Scagram eased 1-0.

on the American stock ex-i change Lake Shore added 1-4 and: Royalite Oil gained 1-8.

u.s. Steel Report

OLEVELAND, tAP) - N e x t. muiifh's steel ll'ii1l1.l'4P will be up,: but only because March has three more working days than Januaryi !and February, Steel magazine said today.

No improvement in (iemsndds expected. The weekly metalwork- ing journal said, and "Martin order books are wide open! There also are still openings for Feb- ruary dellverles. ;

”Galvanizod sheets stand outl now because of the strength of demand for them." cd. and attributed that to sea- sonal iriflucnces-”the spring de- mand rrom farms. the construc-. tloa industry and the expanding air-conditioning industry." 1

Last week's output of about I,- 'id5.000 net tons was up one point. from the previous week to 74 peri cent of -capacity, but was down about 20 per cent from the same week of 1953.

The easing of demand has not affected standard base pi'lces,, but has been accompanied by; ”concesslona on freight charges yand some of the price extras." iThe magazine also reported U. S. lsteel Corp. lowered export prices on some products. including pipe, and wire, because "competitiont from foreign steel is increasingly! keen."

Prices of sieelmalrlng scrim dropped to 327.83 s gross ton from the preceding week's 828.17 as lscrap continued to pile up in !f1('iil('11' yards.

lP088illlllti08 For

I l

l

Economist, Winnipeg. "very

MOs00W"Rcuters -Trade Min- ister Anastas Mlkoyan sold Tues- day nigiht that the possibilities fa.-

ing trade are "very great."

Miknynn. who met the leader of the British Kroup. later told It newspaper man, "We are all for development of trade. This prob- lem cannot be decided by one rnuntry; it. must be decided by 1 urn."

1 "if they think we ivcilliiiiit thcm, this is a mistake. ;But if it. is for mutual advant- Inge, then there is something for 3 business.

"The possibilities for trade are very great. 1 think that is the -0113? of the feeling of the British lusinoss men."

He talked for 15 minutes with the leader of the British group. .1 B Scott, sales director of an electrical engineering firm.

"Mr, Mikoyan was very good and very friendly," Scott said. "He seemed Just as interested in trsdc as we are."

Members of the British group said today their trip had proved "more than profitable" though they might not bring home any contracts.

raiinnt do

HEAND ANY-

AND GJESS WHAT HAPPENED WITH THE THING NEW

oniPDllOoPL55,v THEY FINALLY SEPARATEDI HE HIT HER WITH A B-KILLET! SHE mo

CHI DREN A33 IN GUSTODY... '3 L n mime! ,

U .

til-lElD Lao nu. ma. MOM! siw Julvli. CALL '7 Jusfimlti HOIAODI...

A II 14:1 II 's.IlIll

Steel rcpvirt - '

1 granted . forces and federal civil servants. York to Paris with 15 passengers

index which dropped to 110.1 from 110.2, lowest in a half-year, Household operations, service oolirmn, edged ahead no a high of 117.5. up in tenth of at point as price boosts for furniture, cleaning supplies and household help oiiiiwclirhcd declines for wash-

another

in: machines, cotton sheets and glassware. Another tentli-of-n-point ad-

vance was recorded in other rom- moditles and services This section rose to 116.4, highest in 10 months. and reflecting higher prions to di'll;.!.:' personal ctr-' and licws paper rates in three citins.

lrnhinet ministers. members of Pan'- .li.'-.nu'nt and Senators. Adding to budget-planning head- aches is Premier Duplessls' pro- posed provincial income tax, which. if implemented, will cut into fed- eral revenues by, perhaps. 315.000.'3 000 in the next fiscal year. Thus, treasury officials been urging departmental lieadsy again and again to cut their 1954-; 55 money requirements as much as possible. A few departments anticipate re- ductions. The defence production department, for r-xaiiiplv, is Imper- ing off its capital assistance for defence industries. in the last budget. it asked Parliament for' about 850000.000 for this purpose. The amount it will ask in Finance Minister Abbott's 1954-55 budget, will be vastly smaller. l But the experts are finding itl hard to steer rounil ilie cvident, which might rise in civilian spending. Thusl

Rise infhniiiil” Portion of Govt Spending, Problem

have

By Harold Morrison (Fau;irli.'tn Press Staff Writer) 1 A rise ill the viiilian portion of,

government spending has turnerli into a major problem for federal! experts trying to find ways of balancing next year's budget. Defence requirements for the 1954-55 fiscal year may be less. per- haps down as much as Sl00,00f).000l from the 1053-54 allotment of 52,- But this decline,

taxpayer, likely will be eaten upl 000 budget for the next fiscal year. by heavier civilian cornmitmc-nis. With (,'.anad:i's population rising. the number of babies and old folks is increasing. causing heavier out- lays for family allowances and

Inflation, rooted in the Korean - - - war, brought with it higher inteii-:”h”dif19 h"3”59 M Jllih Vflndt Mt rntlm hnnsnng i,,,p,Nt ,.hm.g,,; SWPEDIHZ across the lungiish (,han- on Canada-3 public MM. y el. It took ci::ht lugbonis to

The cost of maintaining the fFIl-1 l"”5h H" mil" "ll" ?"V".V (Film ,”1,p..oVgm.-my "X mnhl agremlthe docking area because of thc merits is increasing. causing a1wl"d heavier drain on the treasury.

LINEN? iiKEI.ai'ir.ii

LE HAVRE, France, fAPl---The

PLANE Foitcnn now):

Pay Boosts (irnntrd - . SHANNON AIRPORT, lrolami, Pay boost! recently have hi-enj (AP) -- A Trans World Airlines

for Canada's fightin:iConstellation flying from New

These also will require heavier made an emergency stop outlays in 1034-53, augmented by Sunday after developing prnspN'fiyt- inrlomniiy increases forlirouhln over the Atlantic.

here enlzinc

DAILY CROSSWORD

ACROSS 3. Profound l.'l'rsi'eled on 4. Blin-iders horseback 5. Citined ii. Empioys 6. Exhibit 9. Emptier 1. Goddess 10. River (Gen) of healing

1 2. Speak (Norse)

13. Affected 8. scoffs 0 with ennui 9. Swell

14. Behold! out .,

15. Exclamation 11. Old News

17. Men's works nickname 16. Created

18. A deity hawk-

20. At home parrot

21. Frlsr's title 19. Lacking

22. Riddle - brightn

W. State of . V1. completely disorder is. rmi (colloq.i

20. Negative vote

21. Coin (Peru)

28. Cigarettes (slang)

00. Writing pad

33. Beam

34. Exist

35. Affirmative reply

36. Gold (Hen)

81.310150

40. Music note

41. Young pig

43. Anxious

45. Pipes

00s Speaks lndistinctiy

41. Drinks in small

U1-Ji'.'1U Ejlllldii

E3 -9.2!!-i HUD UL! UQE ll H.'..ll.lli

(sym

i3i.1riLi. ,uftilzi:-i ”ililii.'l nuuixi;

lsiesdsrs mum

S1. Stair 38. A cozy retreat

amounts 48. Decimal units DOWN 1. sugar cane sprout 3. A food leaving DAILY CRYPTOQUOTE-.llere's how to work it: A X Y D I. I A A X I is I. 0 N 0 l' I: I. L o W ,

One letter simply stands for mother. In this example A is uses for the three Up. X for the two 0's. etc. llngle letters. apos- irophles. the length and formation of the words are all hints Each day the code letters are different.

AOl'ypOul'lIQIohfiol GJK GZNOIOK HO D GKDZ N! DSI N VZDQK. DAP GJK LHIIKIINRA HO D LKDV14ES BZDQi(-LHLK

Saturday's cryptoqisots: 'ro MEET THE CHANGES Tilt! AND CHANCE PRESENT. WITH MOQESTHDXGNITY AND

I -U.l-IHJI

0&3,

Profit on Currency Exchange

Companies .. ..

Hutchoeon Building

-'V'D1'4a::'b .

"HIGHLIGHTS or 1

Premium income (after deducting reassur-

.. 8 990,542.86 459,709.74

'll.M5.03 134 ,928.l'il

of 3306.30.35)

1' --.-am. : 1,664,327.00

'BALANCE SHEET - DECEMBER 31st. 1953

ASSETS

Bonds. Debentures and Stocks at Book Value 8 6.803.-568.02 First Mortgages on Real Estate

2,171,150.55 Policies .. . 511,109.31 3 ,. i5e.m.s-1

Banks and with Trust 34,161.06 ....... :oe,:ss.ss "8 io.ieo.ooe.-to

BERNARD LOCKWDOD, Vice-President as General Manager.

R. E. sIART - Branch Manager. as Grafton Street

Gives Views 0n H - Bomb

LONDON-(CF) -A Csmbriligei professor Wednesday night gave assurance that a hydrogen bomb explosion is unlikely to set off a world-destroying chain reaction. Prof. Otto Robert Frisch said in the second of a. series of ice- turns at London University that no man-made power-not oven il1.tL of the H-Bomb -is capable of producing enough heat to cause the fission of basic substances such as water, rock and earth. Hydrogen itself was the lightest element known and its istopes re-

riulred "fantastically high" tem- peratures before exploding. The professor, at the British

lotherwlse he passed along to tho they anticipate another 34,500,000.-lp Iiomlc research centre It Harwell

953 OPERATIONS riiis INCOME was Awocarzo As FOLLOWS;

Payments to Poiicyholders S 4'13.673?,ri increase in Reserve for Policyholders .. 556.009 94 Operating Expenses . ............- 293,803 '11 Dividends to shareholders 15.00000 Written Off Home Office Building ..s 140,000.00 Additional Grant to staff Pension Fund .. 25.000 00 increase in investment Reserve 15000000 increase in surplus .........-..........s... 8,833 24

8 1.664.327 03

LIABILITIES Pollcyholderv Reserves This amount together with future prem- iums and interest provide for payment. of the benefits promised in the Company's policies (being in excess of the amount required by Canadian and British Insur- ance Companies Act, ..... -.-. . Pollcyhoidsrr funds Policy proceeds left on deposit. premiums paid in iadvance, allocated dividends and reserve for dividends, death claims and matured endowments for which proofs

3 8,608,294 .00

have not yet been received .. .. .. .. 304,773.28 Other Liabilities . . 5' 223,831.13 capital stock called and Paid on -.. i 2 260.0000 Investment Contingency and other Reserves 705,000.00 Surplus 100,008 33

S 10.190.906.79

H. R. UILVII. President.

Charlottetown, P. E. l.

in 1044 but now profc-or ol Ne.- turiil philosophy at Cambi'idi:r,l ' said in answering a question that an H-bomb explosion near a. quan- tity of cobalt migiht cause danger- oua particles to grand .i:hrougih- out the world. "But then would be no purpose in that because it would harm friend and foe alike.

Emphasizing that he has not worked recently on the atomic bomb based on publidied evidence. Friach said he believes an H- bomb would have a destructive ra- dius of 10 miles cornpam-ri with the one-mil-. radius of the A- bomb I But because its force was spread 1

hydrogen bom

LIMITED

Notice is hereby given that! The Seaford Company Limg lied will make application tdl the Honourable the Secre-' tary of State of Canada fog leave to surrender its chard ' tor.

Dated this 5th day of Febq

i

. id .bhs is, - ,::ilrl.dwb0e1&L effective. lmaryt 1934' l, JOHN H. HAND, g Pencilillin, one of the worlds Secretaryj most valuable drugs. was dlscov- i

ered in 191) by Alexander Flemingv in England. l

EENERAL ON

HAsM”r "661 I6 ROCKER5

OUR BOARDING, HOUSE

EsAD,'mi66s!5lNc& I've Tl6l-i'r- L . Erdeo THE BRACE,MV coA-r- ' CHAIR WORKS PERFECTLY! I. FEEL A6 FIRMLV SEATED A6 A

HORSE N THE PAIZKI

3, --. V ;,..”; 2:Buuwsssy”uin-us..vu.s-.u.smou. .1

Major Hooploi

I'LL TAl4I:il70UR woizo FOR ' rr, A611-IE FELLOW smo NHEN THE FARMER TOLD HIM Hi6 BEES UIDWT ,1 5TiN6.'-w JUST 85 CARE- FUL NOT To ooze oer: ON IT IN A BLIZZARD AND WAKE up A STATUE - voui2sei.i:!

His BRO:-ize,

Out o... Way

in f.iiIll'lilli(If4 ' . ill. iusauvsm;

ma 'iiliifl

THE SEAFORD CODIPANYTA