N.

’ . und navigation on the ar5{,o_Lawrence River and the ‘_ fig becoming a reality with! in me help of government ice- ' Eeakeps and an assist from na-

1-ire Steamship Company has mined weekly sailings for .mber of years from Pointe} pic, 30 miles downriver from . City, to the north shore * o{.F0restville, Baie Comeau ‘Sept-Iles. ~,

«.4 nut.‘-1 5

-.,,\‘%

m.

bxujiiswi

ice FREE SHIPPING

The Clarke °0lTlllally uses al

channel kept relatively ice-free by the prevailing north winds, Shaded portion of this map shows the winter ice line in t port of the river.

A newly formed Federal Intercoastal Line, has 315° ann°“11°ed Plans for sailing ‘-‘Very 10 d_ays from Quebec City to Forestville. Baie -Comeau and Sept-Iles. It expects help from

he lower,

company,‘

government ice-breakers in cut- ting a channel (dotted line) through heavy ice near Quebec City. ' - Quebec North Shore Paper C0_mDA-'illy tW0 years ago set a gulf shipping record with sailing of newsprint-laden ships from Baie Comeau to New York. The com- pany now plans to use a 100,000- ton freighter to carry its paper shipments the year around.

LAILY MARKET QU

OTATIONS

LSUMMARY

ny THE CANADIAN PRESS — Market mixed to in moderately active trad-

TorIi—Market lower; slow-

-'Market lower in

w YORK (CP)—The Cans- »... dollar was 3-32 higher at a .1. of 1 21-32 in terms of

funds Thursday; a week ago cent premium. The dsterling was unchanged at

36- .

lower on average in moder- 1 active trading.

fiafimetals lost a little more in‘. one-quarter of a point on ‘index, while golds and'west- toils rallied for gains of less ”‘.'0ne-quarter of a point.

llarnat was the most active is- ,_gaining seven cents at 57 ts’._Parbec. down one cent to

. centsto 33 cents. Lliiéiiture of the board was a 45- ~ jump to $2.35 by Canadian

121 shares. Fargo gained 30 ‘at $5.45 ‘among other oils ,IlI its volume was light.

ltéliior base metals had a few 0- fractional losses than gains :1. - coppers, uraniums and dsweref mixed to easier. Ad- ‘atexlost .. 35 cents at $3.50 .7 orig junior base metals.

.lidex- changes: golds up .20 to

?'{': base metals off .34 to .

By‘ The Canadian Press immsmx Exchange-—FeI3. 6 Mfltatinlil in cents unless marked 8. I-MI lot. xd—ELdividem‘l._ xt—Ex- . ;i,i\v—l!‘.7'i-warrants.)

--5 ‘, _ Net , lulu High Low Close Clifst

39 —--5 14% 97 54 55

: areas :37’

+7

0-‘ 0525-55

7 806 125 B

2500 55 55 55 +5 . 7600 14% 13 14; +1 4600 51

an »- €J||d>-‘I4!-I r'3§'5§c.:§:ni—-.5-so-ca:

3'. 5 P-4(.;o—II\7.fi€7S>—4‘:-9‘:r4>—4)dF" uI>—r-Hr-€l‘= :_.:,‘.n\‘]\~,;g,‘c©>—A,§('JI§«-1§|t'.Il>4>5@h7%

+ l -1 + ‘2 -1 -1 -1

1-»- .5-1.ar.o.u racw-:- .‘6<

S

-I-I/2

t-ea $35‘£8£‘.’5IS3 Q,-

.-

mm

.-.>.

‘$ .- mm -.5

S

-2 +3

3 3

F’west Tunszooo 12 12 12

Fla Can 3075 955 91.5 955 +1? zecn.::° 5.“ ”° ’° ’° “ Frobisher 4540 158 5 - ’ Gailwin 9000 ml: 157 13-7. Eli” C” rig" 3° 2° ”° ‘If Galkeno .3500 45 42 45 +3 7021120 320 [320 +5 Geco Mines 250 925 920 925 +5 Anchor 30500 Ls Giant YK 175 490 490» 45!) -5 - Asamera 4900 22 20 21% + 9% Glacier mm 160 150 160 Bane SA 5 5» 215 205 215 +10 Glenn Ursn 1500 14 14 14 ._ 1,4. Bailey s 1' 1:5 865 860 86° "15 Gold Eagle 1500 1 7 7 +1 Bailb 53/}, $25 24 25 +1 Gold Man 13900 31 30 30 -2 ‘Banff M 103 $3016 21% 21% ' GF Ur“ 50° 11% 11% n%_% Rm 1000 1 170 170 +5 Grab Bousq 4000 9 8 9 + 35 Britalta 500 14: 9% 3% + V: Gmlbv 200 400 400 400 -1 Calalta 2 14° 145 “"‘*““'°¥ 17500 44 42 44 +1 Cal Ed 333 I631 6° 6° *3 Gmmuc 1250 125 m 125 +1 Galvan Cm 300 32 A7 20 20 --!/c Greylik 0000 211.4 21 217.6 C oil Lds 600 4100 M ‘O0 Gun Lead 3000 10 916' 9% - in C on L wt; zoo Gunnar 2075 315% 15% 15% + as CS Oil wts 700 8535 was ” Gunnar wts 1360 700 675 695 -8 Cdn Atl Oil 800 47 05 10 “Wm” 315°” 9 8 9 »+ is C Br Em 11100 3% W M -5 I-Iasa 2 2500 141/. 14 141/. c Chieftnp 5550 1 35 35 -5 Hea way 39000 74 67 73 +l c Deca wts 9500 “ii W -1. Heath 4000 71/. 72,6 71/. Cdn Dev 6320 620 13% + /2 H"! on 61/1 6% + % C Ex Gas 300 375 3% 63575 +10 Hizh-Bell 900 125 125 125 +5 C High Cr 500 50 0 "15 I-Iollinger 135 522% 22% 228/. c Homestd 67121 240 zig 50 Hoyle ’ 1315 340 340 340 +10 C Husky 2300 sues 235 H5 Bud Bay 170 ‘:45 45 45 .1, c Prospect 300 157 1%‘/5 11% Hugh-Pam 1000- 24 34 24 +1: Cent Del 5377 705 59 155 Int Nickel 1530 75 741/. 74% -in Charter-"Oil 2-100 195 19: 7105 +10 Int Ran 103600 23 35 27 +1 Conro %00 9 9 w 4 Irish Cap 2000 61 -58 53 .1 C Dragon 4600 31 29 2% Iron Bay 400 131 101 131 c Mic Mac 1344 250 242 24 -1 Jacobus 5625 120 117 120 .1 C West P \ 225 505 505 50: +1 Jaye Expi 13000 50 54 57 Cree Oil ‘-300 390 375 37 ‘*5 'ennet-to 1000 11 11 11 4; .Dev-Pal 1500 135 131 13: +3 Jelllcoo 18000. 20% 19 191,5 .__.% Dome Expl 950 835 820 835 + Joburin B650 14 14 14 Fargo 2550 535 515 535 +10 -loliet 3500 30 27 29 .1 Gen Pet A 100 360 300 36 +40 Jonsmlth 2000 10% 10 101,5 +1 Gr Plains 510 517 17 1‘; Jowsey 5000 50 45‘ so +3 Highwood 1000 20 23 23 “Va Kerr Add 395 $17 16% 17 + 1,. Home on A 1924 517% 17 17 “la Kerr Lake 3500 174 170 172 H Home on 3 376316 is 16 " Kilembe , 700 100 100 100 H 13 Oil G 000 $17% 172.3 171/ Kflem “'9 "4300 30 30 30 liumber 2700 -103 '06 100‘ Kirk Min. 2163 53 52 52 _1 Jump Pnd 1000 2a 23 1; +1 ’ Labrador 575 3161/11 16 is Lib Pete 4200 133 130 131 3 Lake Ch! 900 105 100 100 .3 LI pm 7500 10 10 10 +1 I L 0su' 4000 18 is is 1 Medal 1172 235 223 235 — Lamaquo 500 250 150 25,, Midcoii 11900 30 73 7,9 :2 Leitch , 700 104 101 103 ~+1 Mill City 8531 22% 22;/2 221/1 Lencourt 9000 10 9 10 +1 Nat Pete 200 190 190 193” -3 Lexindin 7300* 5% 591 5% _ is N Chamb 350 124 122 124 1 LL Lac 550 193 195 190 +2 N Davies - 2000 21 21 21 "2 Lorado 5200 60 50 53 ‘ N Gas Expl 1303 130 126 130 .5 Lorado wts 100 35 35 35 NC Oils 500 135 135 135 :5 Louvict 1500 14 13 13 -1 Nirthld 500 25 35 25 Lyndiist 11100 24 2295 24 + W Okalta 1025 137 130 137 2 Macasss 1950 264 255 264 +4 Pac Pete 1340 6191/, 137/8 19 ‘+ Madsen 4300 206 204 204 +3 Pan West 6000 26 25 25 _% Magnet 2700 6 5 5 . ' Permo pr ’ 3300 200 135 105 10 Malartic 500 117 117 117 Peruv oils 1000 35 as as :3 Maneast U 4500 9 9 9 Petrol 3500 57 54 57 +3 Maralgo 6300 as 37 37 Phillips 1600 85 '51 81 Maritime 9650 52 51 51 .1 Provo Gas 3200 278 275 275 ._4 Martin 2000 -10 10 1o Quonto - -1 5o0'‘''13 13‘ 13 Maybrun 2800 15 13 13 1. Reef Exp! 1100 8 8 o Mcintyu 100 :75 74% 74% -1 Richwll 700 120 119 120 McMar 500 31,4, 31,4, .914 _% Rocky P 16500 19 17 17 -195 Mcwot 500 19 19 19 +1 Royalite 275 313% 131/4 131/2 Merrill 4125 77 75 77 Royalite pf zzn 32,3 23 23 Meta Udan 9500 11 ' 1o 11 Sapphire 3100 72 68 '68 -2 Midrim 500 so 80 so -3 Scurry 700 210 206 210 _1 M elili+ n2722!.' 28 8 057' 1.022 Secur Free 2300 475 480 470 +19 Minda 1000 91/5 9 91/, .. .,, South U 700 10 10 is +1 Min Corp 545 51016 10% 1012+ 1/. 5P°°ner 3500 25 241/; 25 Multl-M 2000 51 49 49 -2 Stanwell 1510 99 35 90 Nama Cr 212000 34 30% 33 +23,‘ Trans Can 3520 as 33 55 Nat Expl 5000 23 221,5 23 + K Trans Em 200 180 180 180 +5 Nes Lab 1500 34 32 32 -1 Triad on 5100 ‘500 490 495 New Alger 16 0 "3 3 __1 Twin City 1000 340‘ 330. 336 .4 New Ath ’ .1000 24 24 24 .1 U11 0115 4150 up’ 232 232 New Bid 1000 6 s 5 Un oils rts 30050 ’ 14 1005 13 New Delhi 3300 51 49 so __4 Wayne 1500 1195 use 111/. N Dicken 1660 210 200 210 +3 Wcspac 4700 30 29 29 -1 N Fortune 3500 141,4, 14 14 W Maygill 325 134 "179 134 N Goldvue 4500 6 51/. ;51,5 __ V, W Decaltn 350 170 is 156 _,.4 New Jason 500 s 3 ‘, w Dec wts 100 3692 361,6 369$ _ 1,4, N -Kelore 1000 11 11 \ 11 +3 W Naco 1000 130 123 128 +2 N Mind. 4000 13 11 1, +2” Windfall 7000 19 18 18 Nick Rim 7100 136 134 136 +1 Yan Can 1000 8 I ' I Nipissing 100 130 130 130 1; Curb Nisto 2000 6 6 3 Dalhousie 8500 18 13 13 Norandn 334 339 33%‘ 38% _ % BANKS‘ Norgold 1500 3 71/2 7% -1,, Mont 258 542 411.6 4.174 Normetal 500 250 255 260 +1 NS 115 $511/4 51!/. 5116- so Norpax 7000 35 34 35 -1 Comm 28 $43 43 ’ 43 + 1/, Norsync 9500 101/: 101,5 101,4 1, 1,, Imp 75 345 441/; 45 + 51 N Rank 7700 6 63 63 -2 Royal - 109 5611/r 51 61% Northsp 21245 335 355 360 +20 T°r-Dom. 100 $3974 391/. 397. 4- so ‘Norsp A wts 6350 250-/m 343 +35 , !NDUs'rmALs ‘ Norvalie 5000 16 15 15» Aluminl 4085 3291/1, 20% 237/6--14 Nudul 1700 20 19 19 -1 ‘"5100 NM 785 551/; 5% 51,4 o'BrieiI 500 52 t 52 52 +1 4° Brew 936 $2777 2716 27% + 90 Oka mm 4500 17 16 is 1’ M331”! 100 $11 11 11 . 0’Leai'y 1500 161/2 16 16 ' Inland 470 571/. 7% 7% - in Opem 2880 635 625 530 -5 N”? 5*“ 21° 512% 12% 121/4 —% Orenada 1000 15 15 15 P.‘’"“‘ "W 240 :7 7 7 Ormsby 500 25 35 26 _2 Simpson: 200 $171/S 171/9 17% + 1,5 Osisko 1500 33 as 33 Stedman 475 $2595 25 25 --Va Pamour 2000 51 51 51 +3 Wainwrit 200 320 320 320 Paramaq 2500 7 7 7 __1 ‘ Walkrs New 1640 526% 26% 26% —— Vs Parbec 258600 11% '1 9% .—1 ‘—‘ Parde. 3509 43 47 43 Total sales: 8.627.000. Pater 2500 50 49 49 -1 MOST ACTIVE TORONTO srocxs Paymast 2200 17% 16 17% —1l& By The Canadian Press Pee Exp! 1500 17 17 17 pm P917011 11100 37 ' 34 36 Stock Sales -High Low Close Ch’u Pick crow 1000 120 112 120 +10 INDUSTRIALS Pitch-Ore 1500 5 6 6 + in Dom ‘Tar 7930 51116 107/1 11% + 9: Pr Bord 3000 0 7 3 -1 Aluminl -1035 329% 23% 20% - 1/1 Preston 1660 595 500 90 +5 c Hydro c 3105 $61/4 6 6 -1.11 Pronto 2300 470 460 465 -25 Trans (1 PL 2467 3271/. 27 27 Pronto wts 1710 55 51 51 -3 Bell Phone 2430 342% 41% 41% — 90 Pros Air 500 112 110 112 +2 OILS Purdex 2100 7 6% 7 C "omestd 87121 240 210 235 +4.5 Que Chih 2000 40 45 45,- -3 Anchor 30000 22 20 20% - in Que Lith 1500 505 585 505 Rocky 10500 19 17 17 11.6- Que Man 500 1714 1722 171,3 -1 Midcon. 11900 50 _ 73 75 +4 QMetal 2000 120 120 120 c Br Emp 11100 39 as 35 -4 Qunston 6000 14 14 is MiNEs ' Quemont 235 025 800 000 Barnat 53700 61 45 - 57 +7 Radiore 2000 49 48 48 —-1 Parbec 258600 11% 7 91/5 -1 Rainville 1000 21 21 21 +1 Nama Cr 212000 34 301/2 33 +292 Rayrock 3010 110 106 105 -4 10 Mylam 126100 27 24 25 -s Rexspar 6100 39 37 37 +1 Exp! All 122750 20 13. 18 +5 1115 Run 1000 71/0 7 7 Rix Athab 3500 30 36 30 +1 Roche 5000 12 11 11 -2 E Rockwin 15000 30 35 35 + 1 Rowan Cons 2000 61/2 61/2 6% §fm“'§\'f|:‘a°l {:33 1: _3 MONTREAL (CP)-Prices on sand Riv 5309 13% 13 131,», + 1/, the Montreal and Canadian stock Sheep Cr 1000 35 35 35 exchanges were mixed Thursday glllerritlll 234° 45° 455 455 ~10 in in o d e r a t e trading. Most . i Mi er 6080' 36 35 35 - Slocan Vr 2000 5 5 5 °ha“.g.e§ were fra°n.°“a1‘ d b 5-;dco,,a 500 21 21 21 ‘Utilities, constructions an ev- Stanleigh 61738 154 135 1540 +10 erages were up. B.C. Te1<_=l31l0ll° Stanlgh wts 11120 90 83 215 +3 advanced 11/2 to a new high of Stanrck 3075 197 190 197 +7 - - 3,7 ' Starratt 18000 61/2 6 6 -1/2 431 F°“”dat‘°n d’i‘ t°B‘;e3,:vIYie:1g_.2 Steeloy. 3000 7 7 7 _!,§ of 18 and Cana ian Steep R 2105 950 935 945 -10 to 23. _ _ SW11] C0!“ zfggo 9334 2553/5 21:‘/2 “IV” Base metal, newsprint and TIES- Su ivan .. ‘ — _ , , 5.. Sunburst 1000 16 15 16 +1 °°“a“e°“.5 Swcks ‘:‘“‘§93°‘”gmWn Sylvanite 4300 120 116 119 +4 -bestos slipped ‘/2 p_ /2. Tandem 4500 11'/a 11‘/2 11‘/2 —-1/2 % to 10 and Jomimon Glass 1/2 Taurcanls 1500 52 51 52 to 631/,“ steels and banks were $"'°":g{ 31g,‘,’°]3‘(‘,’9 13,37 $39 mixed. Argus moved up 1/2 to 17 em - - ' Thom L 4100 09 85 37 and Bank of Nova Scotla declined Tiara 5000 7 3 7 307 1/2 to 51, . d Tombill 2500 31 0 Mines and oils were mixe . ., .7 5 3 30 30 -31/2 . - . Ultigggvstos 3733 530 560 565 SPe°‘}1a“V‘,3 mmes were gen“ ,L'n Keno 200 385 385 :2-2-5 -33 ally mixed in a '10-cent. range- U Mont 0250 121/2 12 12/2 +21/2 The exchanges closing aver- . ‘L/‘pod Can 1%!) 6: 5: 5;’ *2 ages show banks off .04 at 45.85. an 00 5 - - - , ' ., Ventures 310 524172 2416 211,-2 Ut}11t1€5 unchanged 136'8’h."i1duSf Vico 4000 6 6 6 + 1/2 trials up .5 at a new ig 0 Violam 1000 135 13095 130 +5 2345’ combined up ,3 at a3ne1Z Waite Am 400 640 6.. of 2013, papers Off 5_ 1 3 $§i§.§’§' We 13% 3% §% 1 1,077.33 and golds off .00 at 68.67. Wiltsey 77500 24 2021 22 +1 MONTREAL CL0‘Si1l\'nGPS:':)'CKS Winch -1000 6 6 6 + 1/2 ,_ 33’ The C““°‘F"‘ " 23,’, Wr Harg 1005 134 1.32 134 -1 Abnibi 27% l‘3.5¢l‘

AM! pr 23% GT Lakes 10 Asbestos 293/-’_> Ho‘?-7' Siiiitlx 257: Bank Mont 41% l-Iud Bay Min 44% Bank‘ NS 51 lmp Oil 41 Bnque C Nat 397/‘s lnt Nick 747/2 Bathurst A 41 . Mass-I-lat 6% Bell 41% McCol1 51‘/4 Brazil 6375 Nirandn 381/: Bldg Prod 35% Price 40 C Cement 273/2 Que Pnw 30 C Cement pr 281/; Royal Bank 61% C Steamship 381,/2 Royalite 13% Cdn Brew 28 St L Corp 137/2 Cdn Brew pr 28 Shawin 241/2 CPR 24% Steel 48?/4 Coclishutt 8% Un Steel 13?/s Seagrams 27 Walker 26% D Bridge 23 CANADIAN

Dom Tar 11 Cons Pap 311,2 Foundation 18 Ford 76

NEW YORK

NEW YORK (AP)——Investment demand a s s e r t e d itself late Thursday, bringing gains to se- lected issues, but the stock mar- ket as at whole closed slightly lower.

Leading issues showed gains or losses running generally from fractions to a point or so. A num- ber of stocks gave some good performances on the upside. The 15 most active stocks produced an almost even split of 7 gainers -to 6 losers with 2 unchanged. _

The Associated Press average of 60 stocks dipped 30 cents to $163.90 with the industrials down 60 cents, the rails down 30 cents and the utilities unchanged.

For the seventh straight day Royal Dutch topepd the most ac- tive list. Rights to its big new stock issue expire Monday. It was off ‘/1 at 40 on 92,700 shares.

Canadian stocks were mixed. Dome Mines and Distillers - Sea- grams moved forward 1/4. McIn- tyre Porcupine suffered a 1-point drop and International Nickel slipped off “X1 to 75%. Alumin- ium Ltd. and Hudson Bay Mining made small gains while Canadian Pacific and Granby Mining were slightly off.

Fargo Oil’s 5-16 gain was the biggest change among Canadian issues on the American exchange. Molybdenite and Jupiter Oils in- ched higher. Losses were taken by Brazilian Traction, Canadian Marconi, Eureka and Sapphire Petroleums. Unchanged w e r e Preston East Dome‘, Richwell and Scurry-Rainbow oil.

What stocks did:

Thur. Wed. Advances 375 392 Declines 488 ‘ 520 Unchanged 257 258 Total issue. 1120 1170»

NEW YORK CLOSING STOCKS By The Canadian Press

Beth Steel 40 Ksnnecott 03%. Borg Warner 28% Monty W 33% C and O 53% NY Cent 16% Cons Edison 49% Radio Corp 34% El Auto El 271/: Std Oil NJ 50 Gen Elec ' 63% Utd Aircraft 551/4 Goodyear ,- 75% Vanadium 32% Gt Nor Ry ‘ 37 Westngse 64 Int '1‘ and T 31%

WINNIPEG (CP) - Moderate activity in flax arid rye marked trading Thursday on the _Wlnni- peg Grain Exchange.

Closing prices:

Oats: May 1/2 higher 691/2; Jly 1 higher 68%; Oct. 3/4 higher‘ 68‘/sh.

Barley: May as higher 91; Jly 1/2 higher 90752; Oct. 3% higher 9034b. A ' Flax: May 2 lower 3.08b; Jly 2’/4-21/2 lower 3.02; Oct. 1% lower

‘ 2.787/s. ‘

Rye: May % higher 1.03%; Jly %-3/4 higher 1.0201:-a-3/4; Oct. 1,4 higher 1.037/ab. 1 . Prices for class two wheat for export to countries outside IWA: 1 Nor 1.64%; 2 1.60%; 3 1.53%; 4 1.44%; 5 1.29%; 6 1.26%; 1 Dn- rum 1.96%; 2 1.95%; 0 1.85%; WA. and domestic prices: 1 Nor 1.64%; 2 1.60%; 3 1.53%; 4 1.44%; 5 1.29; 6 1.26%; 1 Durum 1.96% 2 1.95%; 3 1.85%.

impkoouce

MONTREAL (CP) - Agricul- ture department quotationsz _ Eggs: Wholesale dealers prices to country stations, wooden cases extra-large 40-41; large 39%-40; medium 36-361/2; small 32-33; B 32; C 22. Receipts: 67.

Butter: Current I receipts: 02; fresh-grade creamery prints Job price- 63% - 65; Fresh wholesale 62%-623/1.

Cheese: F.O.B. factory. On-

tario white 33%, colored 331/2; de- livered Montreal, Quebtc white 331/2, colored 331/2; wholesale On- tario white 35. colored 351/4; wholesale Quebec white 341/2, col- ored 3472. Potatoes: N.B. 75s 1.55 - 1.65; N.B. 50s 1.00-1.10; NB. 10s .24- .26; P.E.I. 75s 1.80-1.85; P.E.I. 10s .32-.33; California white 100s 5.25-5.50.

LIVESTQCK

MONTREAL (CP) -— C attle prices this ‘week were steady to 1.00 lower than last week on the Montreal livestock markets.

Receipts: 2,044 c a t t l e, -1,525 calves, 1,508 hogs and _18 Sheep and lambs. Cattle receipts were about the same as last week but 300 head more than the corres- ponding week last year. Included

WATERLOO, ONTARIO —Sales of new insurance of $306,000,000 ——comprised of $254,000,000 Group were reported Thursday at the 88th annual meeting of policy- holders of The Mutual Life of Canada held at‘ the Company’s Head Office at Waterloo, Ontario. Insurance in force now exceeds $2,411,410,0(l0.

H. L. Guy, General Manager, stated that surplus earnings of $14,020,000 were $2,190,000 greater than in 1956. The increase in earnings was considerably larger than the average annual increase for the past several years. He attributed the excellent level of earnings to a notabe improve- ment in interest earnings, a bet- ter mortality ratio and relative stability of expense ratios.

For the fifth successive year an increase in the scale of divi- dends to policyholders was an- nounced. Dividends paid or allot- ted in 1957 amounted to $10,135.- 000. This was $1,667,000 more than in 1956.

An increase from 3 1-2 per cent to 4 per cent has been ap- proved in the interest rate to be paid on dividends and other am- ounts on deposit.

LONDON (CP) — While Brit- ain’s Liberals are busily making politicians out of television stars, leaders of the Conservative and Labor parties are taking a. long, careful look at a proposal to make TV stars out of their politi- clans.

The idea originated with Gran- ada Studio, a chief producer of programs. Granada has offered free time to all three parties for campaign: broadcasts i a forth- coming byelection in ‘oclidale.

The Liberals, cast in the el- ectoral role of a David fighting two Goliaths, are enthusiastic supporters of Granada’s plan. Their hopes for picking up a sixth seat in the 630 - member House of Commons rest: on Lu- dovic Kennedy, a young television newscaster. ‘

The two big parties, recognizing the growth in importance of TV in the political arena, have launched study groups to inquire into the problems presented by the medium. But they are un- likely to join a stampede -to get show on the road in time for the Roclidalevotin-g Feb. 12.

Both have a great deal at stake

Mutual Life Reports High Level Of Earnings

Mortgage investments ($243,-. 000,000) represent 44 per cent of the Company’s assets, which in- creased to $551,847,000 during the year.

Louis L. Lang, the president, pointed out that life insurance in Canada amounts to consider- ably less than two years’ net in- come of Canadians. The advant-

ages . of systematic savings through life insurance are be- coming increasingly obvious.

They provide the strong founda- tion on which personal financial security -can be built.

In national affairs, Mr. Lang enunciated three principles he feels are essential for future security: economic and political affairs must be managed with a degree of austerity and re- ctitude that may have seemed unnecessary in the easy pros- perity of recent years; Canadians must be prepared to put the gen- eral interest before the particular benefit;' and they must not haz- ard long-run stability to attain illusory short-term‘ goals. The application of these principles can operate to assist in a matter of crucial importance to all Cana-

Take Long Look At Move To Make Politicians TV Stars

‘rule requiring candidates to file

dians--the control of inflation.

went Conservative by’ a 1,500-vote margin in the 1955 general elec- tion with no Lil: .al in the field.

Ken-n»edy’s intervention, added to the unfavorable voting trend of recent ‘ b y e l e c t ions, has weighted the odds heavily against the Conservatives. Labor, on the other hand, needs to make a good showing to counteract indications that its recent gains have been due less to its own merits ‘ than to defection of conservative voters -to the liberals.

In any event, legal considera- tions are likely to stand in the way of Granada’s scheme.

Experts are poring through el- ection statute" to ensure that no unsuccessful candidate can invali- date the voting on the technical grounds that TV coverage con- stituted an infringement.

British policy in the past has banned political discussion on both radio and TV during a cam- paign.

Another problem is posed by the

an account of their expenses. The possibility is seen that Granada’s offer of free time on its com- mercial network may .ie in viola-

in Rochdale, marginal seat that

‘Sees Economic

MONTREAL (CP) - President R. M. Fowler of the Canadian Pulp and Paper Association says the catch phrase “temporary re- cession" is a misnomer for the ~Present.-- economic -situation. ,3 ~

“I do not think it is temporary‘ and I do not think it need be a recession." he told the associa- tion’s annual luncheon Friday. “I think it is a return «to nor- mality, in an economy of abund- ance, after 19 years of abnormal- ity caused hy war and its after- math.” Mr. Fowler said that 1957, for -the pulp and paper industry, he- g-an on a note of high promise and ended on a note of uncer- tainty and conflict, with problems

from the Maritimes and 68 from the west. .

In slower cattle trading, choice steers sold 21.50-22, good 19.50- 21.35, medium 17.50-19.50, com- mon. 13.25-17.25; good h eif er s 16.50-17.50 (few to 18.50), medium 14.50-16.25, ‘common 11 - 14.25; good cows 14.50-15:75 (few to 16.50), medium 13-14.25, common 11.75’-12.85, canners and cutters 10.75-11.75 (few down to 7:0 good bulls 17.50-19 (few to 19.50, com- mon and medium 14-17.25, light common down to 12. _

Calves were strong to 1 higher. In active trading, good and choice vealers were 27-29, tops 30, com- mon and medium 15-27, drinkers and grassers 14.50-14.75, yearlings 11-12.

Hogs were steady to 1 higher, sows steady. On the west - end market, 1,034 hogs and sows were offered. Grade A hogs sold 29.50- 30.50. Forty went for 30.75. Forty- two feeders brought 25 per 100 lbs. Sows were 21-22. On the east- end market, 474 hogs and sows were offered. Grade A hogs were 28 plus 1.50 per carcass. Forty brought 28.50 plus 1.50 and 60 went for 29 plus’ 1.50. Sows moved at 20-21 plus 2;

.Sheep and lambs were 50 cents to 1.00 higher. Mixed medium and good lambs 18.50 - 19 (few 20), common 10-17; good sheep 11-12.

common 3-9.

were 533 head from Ontario, 220

MEN OR

A leading Canadian Company . exceptional opportunity business BUFFERIN, the most popular

Automatic dispensers will sell

where he would not depend on

opportunity of a cash business

SPARE on FULL TIME

OPPORTUNITY

for individuals to own their own servicing established routes for the sale of

day, a product of Bristol-Myers Company of Canada Limited. No selling, warehouse facilities or. experience necessary.

accounts with excellent immediate CASH income to success- fully accepted applicants. Some choice territories still avail- able. You must have four to six hours a week to devote to

this dynamic merchandising plan which has been one of the astest growing industries in the world.

An applicant must have a minimi:-in of $795-00 ill Cash Wail‘ able IMMEDIATELY to participate in our plan, protected by repurchase of inventory. Applicants accepted will be given excellent possibilities to expand this lucrative business and build it up to an extent

ket declines, or seasonal layoffs. , Applicants will only be accepted after a personal interview

with a Company executive. Do not miss

today giving name, address, phone number and background.

‘ BOX N0. 646 GUARDIAN OFFICE PRINCIPALS ONLY

WOMEN

in its field has an immediate cold and headache tablet to-

24 hours a day in established

market conditions, stock mar-

this outstanding on a year round basis. Write

Return To Normal Conclitions.

tion of this requirement.

Situation As A

\ not faced in the last 15 years.

Friday, Feb; 7, 1958 The Guardian Page 9

PISQUID EAST

Mr. Alton Jay was a visitor in Charlottetown Friday.

A large number from this vicinity attended the Shur- Gain Amateur Cavalcade in Mount Stewart Memorial Hall Friday night a very large num- ber was present.

Mrs. Owen Kelly spent the past week in Donagh she was the guest of her daughter Mrs. Wal- ter White and Mr. White.

Mr. and Mrs. Harold Jay spent a few days over the we'ek- end in Lorne Valley. They were guests of Mr. and Mrs. Earle MacDonald.

to hear that Mr. Robert Jay had an operation on his leg in the Prince Edward Island Hospital and all hope for a speedy re- covery. ‘ ’

Mr. and Mrs. Arthur Hughes, Bedford, were visitors in Pisquid East -Tuesday. They were guests of Mrs. Hughes parents Mr. and Mrs. Owen Kelly.

The Misses Elsie and Mildred Rodgerson students at P.W.C. Charlottetown were weekend visitors at the home of their‘ parents Mr. and Mrs. Milton Rodgerson.

Miss Georgie Dover was a visitor in Charlottetown Satur- day. .

—and' still looks-bleak, with the prospect of more c=urtailm»ent of operations, more difficult market- ing problems and more industrial unrest still to come."

FAR FROM Cl UAMITY

Mr. Fowler said he refused to believe “the economic situation in which we find 0 rselves is one of distress or anyt ing even re- motely resembling calamity.”

Mr. Fowler suggested ,2 four- pointvcourse for the pulp and pa- per industry.

Production efficiency should be examined-“-the days when maxi- mu mproduction—whatever the cost-was the only goal, are over. . . . We must be in the forefront of technological progress. . . .” There should be co-operation with responsible labor leaders. recognizing legitimate needs and grievances of labor. . There is a collaborative role for government without conflict of in- terests. “Governments must be made to realize our problems whether they involve taxation, tariffs or trade negotiations with other countries.”

Finally, each company must look to its merchandising, using its merchandising skills and de- cidin-g “whatit is in business to do and determine its scale of val-

“The immediate future looked

'\

His many friends are sorry

PHILADELPHIA, — Motorcycle

another traffic ticket while as- tride his motorcycle in the crowd-

ed area around the University of Pennsylvania and adds another to his annual total. The past year

McAroy’s comment:

be with."

PARIS (Reuters)-—A 17-nation ministerial committee a r g u in; about the place of agriculture in the proposed European freetrade zone ended its meetings Thursday night after “an indecisive and in- conclusive session.”

Sean Lemass, Irish deputy prime minister, added that the session “left -the- problem of agri- culture, our main preoccupation, ri ht up in theair." -

e said that “the two: days have been helpful in that they have at least cleared the air and brought the measure of disagree- ment out into’ the open." TALKS BOG DOWN

ent.

icies. IA start would

BPS.

-ues." "

The talks bogged down Wednes- trade project.

I

‘E WRITES TRAFFIC TIKETHSA

Mc.-troy, on the_f’orce 15 years. Patrolman James ‘MCAI-oy writ“ wrote. up 11,000 tickets for traffic

violations. other policemen say ‘ their superiors ask them: “If Mc-

Aroy can do it. why can't you." “I can’t think of any other outfit I'd rather ‘ (AP Wii-ephoto)

European Free Trcicle Zone Has Agricultural Trouble

day when a British plan met heavy criticism from the contin-

Britain’s confidential, memoran- dum to the delegates is believed to have proposed a council of u- ropean a g r i c u lture minis. rs. aided by committees of experts. to co-ordinate national farm pol-

he a ban. on further subsidy increases to farm-

Because of Commonwealth com- mitments, -Britain wants agricul- ture excepted from -the general reductions of tariffs and quota limitations envisaged in the free

The report of an

figures, however, ment can be told

SALES OF NEW

4 up to date. '

ANOTHER succr-:ssfI=ui. YEAR ior

THE M

UTUAL_ LIFE OF _OANADAw ‘

NEW LIFE INSURANCE 306.150}0OO

, 'LIFE INSURANCE IN FORCE...................................52.411.410.000

SURPLUS EARNINGS

ASSETS .... ..

14,020,000 551.847.0013

DIVIDENDS T0 POLICYHOLDERS.........,....................5 10,135,000

insurance company must neces-

sarily be made in figures, for its growth and con- ditions are measured in dollars. Back of those

the real story of accomplish- in service to people.

INSURANCE MEAN:

thousands of Canadian families made‘ more secure for today and the days to come . . .

financial security for employees and employers * through group insurance . . .

stability and security for proprietors, partners and business corporations through business insurance. SERVICE TO FOLICYHULDERS MEANS:

, helping and advising people in ‘countless ways so that they may get the best protection from insurance and keep their insurance programmes

’ , Established 1869

Branch Office: Bank of

‘Behind these figures isihe real story of ciccomplishfmpent . . . =

PAYMENTS TO POLICYHOLDERS MEAN: cash and income Yon widows . . . education for children . . .

monthly income and independence for umnarrlcd women from endowment and pension policies .. . .

retirement income for older people so that they are not dependent on relatives‘ or charity . . .

reduction in the cost of life insurance, or in- - crease in pension income, through the payment of high Mutual Life of Canada dividends . . .

loans on policies for emergencies in times of need‘.

-COMPANY INVESTMENTS MEAN: more capital for Canada’s industries, transporta- tion and government . . . ‘