sun: .

...-nan-. ..

CANADlANS lNCREASE M0ilEY 0‘.“l!liG icairfffe Herfy

0N CREDIT PURCHASES. SURVEY SHOWS

0-rrAWA. (CP)——'rhe amount of money Canadian consumers owed M. me things they bought on time “M by ;59_ooo,ooo to a new high of 51.836.000.000 in the final quar- ter of 1953.

A Bank of Canada survey. con- i.uned in the bank's monthly sta- iisucnl summary, showed that the we in debt continued in most sec- ,,,,-5 of the consumer economy- Mm the exception of buying _on “me through finance companies .\l11('h largely tinance automobile ;‘lt‘$. ' dcmisumer borrowing from’ banks mil other credit institutions was 1p and so was buying through the 1.29 or charge accounts and instal- mrnt plans in retail stores.

But on the whole. the consumer ~mciii bill. while swelling to a new |i'\\\. did not jump as sharply in 151.33 as it did in 1952. The debt

m,»[~,.;.1ged by $315,000,000 in 1953,1952

mmpflred with a lump or $441.- 000.000 in 1952.

(‘HARGE ACCOUNTS UP

In the last three months of 1953. ms consumer debt in charge-ac- rounts increased by $36,000,000 to g record $410,000,000 — up from s449.0o0,000 at the end of 1952.

Regular 10.96 Value ‘ Blue, Grey. Tan. Brown. ‘ Matching belt. GABARDINE

T-SHIRTS

In soft cmnbed cotton ‘ Regular $1.35

' White and Blue. _ Buy several for Summer

‘ Domll Covert Cloth ° I shades ‘ Reg-ular 11$

CIVERALLS and

WORK SHIRTS

A Factory Fresh ltock of all famous makes -

The popular pre-creas- ed style in shades of blue. grey and lawn Men! Save money on your new Hat.

Now only

SPORT SHIRTS 3.79

‘ By Van Ileuua ’ I Plain Shades ‘ Regular 490

HAPPY F001‘ ' ....I-IEALTHA SOCK

I-cleanser 8 ........ 9c

‘ 5 shades _ ' 10% to 1!.

% 20 off

if ADAM HATS

Buying through charge accounts actually had declined earlier in- 1953 and thus the over-all rise iorl the year of $21,000,000 was less than half the 1952 rise oi! 347.000.- 000

Buying on the instalment plan in retail store: rose by 884.000.1100 in the last quarter to another high of $286.000,000, but here again the over-all annual rise appeared to be tapering off sharply. The 1952 climb of $47,000,000 wu Just about one-third the $135,000,000 Jump in 1952.

FINANCE COMPANIES DROP

Purchases through llnanoe com- panies dropped in the last three months of 1953 by $34,000.0€Il to $510,000,000-compared to the third- quarter peak of $544,000,000. This was the first quarterly drop in this sector since the first quartnr of

The over-all 1953 boost of 137.- 000,000 was lower than 3131.000.- ooo jump in the previous year. And with the 1953 fourth-quarter drop in this type of credit, the total instalment credit bill was held at the record $796,000,000 at the end of 1953, unchanged from the third quarter.

3.95

‘Fe

Calder Memorial Trophy Winner

MONTREAL (CP) —- Camille Henry, diminutive utility forward of New York Rangers and lightest player in the National Hockey League, is the Calder Memorial Trophy winner as the outstanding rookie of the 1953-54 season. the league announced Monday night.

In the voting of sports writers and broadcasters in the six NHL cities, the 139-pound youngster from Quebec City polled 99 points out of a - sslble 180. Earl (Dutch: Reibel of Detroit Red Wings was second with 77 and Jean Bealiveau :1: Montreal Canadiens third with

In 66 games Henry scored 24 goals and had 15 assists. He was used largely on power plays, aver- aging only eight to 10 minutes a

However, borrowing from banks and other credit agencies contin- ued to rise, increasing by $23,000,- 000 in the [ma] 1953 quarter to a record $570,000,000.

The 1953 climb of $110,000,600 in this consumer sector was sharply

higher than th $'l2,000,(X)0 1952. C Jump In

All Provinces Except B. C. forecast ‘ To Share Capital Investment Boosi

OTTAWA (CP) — The 1954 rise in capital investment will be shar- ed by all provinces, with the ex- ception of British Columbia. the trade department forecast Wednes- day.

In a previous survey,\the de-

partment estimated that total cap- ital investment in 1954 will rise to a new high of 55.839.000.000, a $l61,000.000 gain from $5,678,000,- 000 in 1953. ‘ This, together with other ex- penditures on repair and main- tenance of existing plants and ma- chinery, would bring total forecast spending for 1954 to a peak $7,- 875.000.000 a rise of $165,000,000 from last year's 37.710.000.000.

Now, spelling this rise out on a

game, and had the knack of being in the right place at the right time.

In addition to the trophy Henry gets $1,000 from the NHL. The Rangers now have supplied the top rookie in successive years. Last season it was Lorne Worsley, then New York goalie.

Others among the 11 who figured in the voting were: Johnny Bower. Rangers, 32 points; Bill Dineen,

Detroit. 32. and Doug Mohns, Bos- ton, 22.

Storewide Super Sale!

To smash all previous Ma Work Clothing, Shirts. cannot be -malched anywhere on the the biggest bargains in Men's Clolhi

* More Variely

Greater Values

Step In men — and pick yourself a

few of these 5.95 Shirts for only

* Arrow ‘ * Van Heusen

shlon Plofe

3 DOZEN DRESS SHIRTS

Famous . ARROW Make

0 O.I.'O.l~,-0&0 ‘BIO O‘!

So he an early bird and REGULAR $39.50

Hosiery. elc. - all faclo

provincial basis, the department estimates that Alberta will show the smallest gain of one per cent. and New Brunswick the largest oi 10 per cent.

Capital investment in British Columbia will be down 13 per cent.

NINE PER CENT RISE

Expenditures for Quebec are forecast to rise by nine per cent to a peak of $l.899,000.000 from $l,774,000,000 last year. This fore- cast includes 31.403.000.000 for cap- ital investment and $l,1B0.000,000 for repair and maintenance.

Total forecast expenditures for capital investment. repair and maintenance in Atlantic provinces for 1954 with 1953 totals in brackets:

Newfoundland $1l8.000,000 ($115.- 000,000): Prince Edward Island $26,000,000 i$25,000.000); Nova Sco- tia $249,000,000 ($227,000,000): New Brunswick $183,000,000 ($164,000.- 000).

BLAMES TV

SHEFFIELD. England — (CP) - A bankrupt fish-and-chips merch- ant here blamed televlsloin for his insolvency. "People are not going out at nights," he complained.

Sears, Roebuck Chairman Resigns

NEW YORK, (AP) — Gen. Ro- bert E. Wood, West Point.-educated merchandising executive, banged the gavel at a stockholders meet- ing for the last time Monday as chairman of Sears, Roebuck and Co.

The general's retirement from the $3,000,000,000 retailing enter- prise was the highlight of the an- nual meetlng here. Wood shared the spotlight with his successor- designate, Theodore V. Houser, who has been vice-chairman since April 1952.

Wood will be 75 in June. When he Joined sears 30 years ago it was purely a mail order business. He was responsible for getting it into the retail story field and di- recled its store expansion pro- gram. The company now has 693 retail stores in the United States. five in Latin-America ‘and a. hall- interest in the big Simpson-Sears. Ltd, chain in Canada.

LONDON — (GP) -— Home Ser- retary sir David Maxwell Fyie told a meeting of charged Prisoners‘ Aid society: “The increase in crime among men has been aocompanied by no cor-

responding increase of crime among women." -

Gabardine and Worsted SUITS

MEN! 15 Suite-—no more no lees—worth $39.50. one of a kind.

Nice patterns. Only

Yes this is a door opening special and a real bell ringer——

get the greatest suit bargain of your life.

INARILY 55-.00

‘MONEY TALKED — We cleared for cash 'll0 suits offer- ed by a large manufacturer. Our low offer was accepted. We pass this great saving on to you.

* FINE ENGLISH WORSTED

* Precision Tailoring. Unbearable Pet-terns. * Save $20 This Weekend.

9.95

the Holloway Dis- ;

Two Canadian Brokerage Firms

indicted in U. S.

DETROIT (AP)—-Two Canadian brokerage firms and 14 of their salesmen were indicted Tuesday by a U. S. grand Jury on charges of defrauding American investors of $300,000

Four indictments embracing 42 counts were returned against '1‘. M. Parker, Inc.. and Laurentian Se- curities. lnc., both of Montreal.

The companies and salesmen are charged with fraud in the sale of shares in six petroleum and uran- ium companics to investors in 40 states and the District of Columbia.

Joseph A. Moynlhan. assistant U. S. attorney, said the firms and salesmen had sold stock to 275 persons between March and Au- was sold at from 80 cents to $1.50 a share when it could have been bought for if) cents a share or less.

S. Attorney Fred W. Kaess said that. under a treaty with Can-

ada. the defendants can be ex- tradlted. Kaess said that “in some in»

stances no delivery of stnck paid for was made and in other cases lsubstitutinn of stock was made .wlthout the purchasers’ consent." i Federal authorities also claim that the companies and their

lllill’S Wlllll

no flmrlaa rage 1 Thursday, April 29. 1964

IUNBIAM MISSION

-—'I'lu Sunbeam Mission Band J New Glasgow, met at the home al Mrs. Andrew on April 24.

The president, Myrna Smith led the devotional period, assisted by_ Marion Moflatt, Howard Laird and Nellie Andrew. Mrs. Andrew pre- sented a chapter of the study- “Nyongsr two Villages." Mrs. Murray Orr read "I would be‘ True." A large certificate for the sixth year work was presented.

Roll call was answered by 13‘ members. A peace program will be presented at next meeting.’ when the leader will arrange alt. outdoor tour. An invitation has been extended to Trinity Church. Charlottetown, in present their play‘ “'I‘ish." in the near future.

Meeting closed by singing "When be Cometh," followed by the Mix- pah benediction. A half hour was spent preparing booklets made from Christmas raids, which will; be sent in he of help in some part work. Lunch “-15 served by the— hostess. assisted by several mem- bers. -—AY.

EARLY RAILWAY

Montreal and Toronto were Join- ed by railway in 1856. .

salesmen misrepresented be it uranium and oil properties.

.... ...:-sale»-‘..o.

Tremendous Reductions!

y Day Sale Records H. & C. on Thursday. Friday & Salurday offers Men's Suits. Coats: ry fresh first quality merchandise — ai incredible prices which Island. Sooner or laler everybody realizes Henderson & Cudmore gives ng.

THURSDAY -- FRIDAY .- SATURDAY iiiEN’S SUITS om»

la’

NYLON SOX TIES BOXER SHORTS Husky Nylon by McGre- Discontinued lines l1egu- 5°"T°"l‘°d 3’°°d‘3l°ll" geogrular 1,25 l:r2.oo ............ .. 69¢ Tesgoular 95¢ SHORTS and SWEAT SHIRTS l.lNEN HANDKERCHIEFS PYJAMAS

Regular $1.00 All Fii‘sl Quality

Heavy fleece in white Genuine Shamrock linen Fine Sanforized Broadcloth

Regular Regular Rggulur

2.95 ............ .. 1.95 soc ................ ,. 29¢ .95 ______________ _. 3.89

‘WORK SOX BALBHGGAN UNDERWEAR DUNGAREES

.59 All wool in white and grey long legs — short sleeves Popular lace Bock style

Regular Regular Regular

1.00 790 3.00 .............. .. 2.69 3.25 _ ........... .. 2.95

Priced for Quick Si-|ling——

73c

Sllxltly Solleii

Regular $42.50

‘H. C.'s all wool Gabardine Coats un- -surpassed for style and fubrlc—d I

verylowprlce

4150

Blend Gabardine

TOPGOATS —

Regrlfl $32.00

* Men! Save On Clothing Now

SPURT’ BEATS

‘ Harris Type Twoeds ‘ Blackburn Blazers

‘ Regular to 32.00

2.95

ENTIRE SPRING SIOCK

20 [TIFF