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“Covers Prince Edward Island Like The Dew”

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WEATHER

Cloudy with a few sunny Intervak eon- tlauing very mild; light westerly winds.

Sunday. Rain.

12 PAGES

CHARLOTTETOWN CANADA, SATURDAY, NOVEMBER 16. 1957

PRICE Sc

Lester lcentrel.

(Mikel Pearson. contender for s ber arty. is on his arrival at the Charlottetown Airport yes- terday en route to Summerside

where he addressed the annual_

the lea-

ARE WELCOMED TO PROVINCE

meeting of the East Prince Lib eral Association last night.

On the same plane was Mr. Douglas A. Fisher, (2nd from left). President of the Canadian Junior Chamber of Commerce. on route to Montague for his

Presidential vlalt where he the guest speaker at

.a ....__

was to welcome Mr. Fisher was Mr. 'nner Arnold Wightman. Pre-

(left),

meeting last evening. He was sident of the Montague Junior

accompanied by Don LeBlanc. Chamber of Commerce and

(2nd from right), Moncton. Re- Walt Wheeler trightl. President

gional President of

Junior of the

Charlottetown Junior

the Chamber of Commerce. On Hand Chamber of Commerce.

Pearson Speaks On Trade

Foreign Affairs, Defence

l.e.~tcr B. Pearson, former ex- l(‘l'llHl Affairs Minister, and re- cent winner of the Nobel peace prize spoke on matters of de- fence. foreign affairs and trade to a large a ho despite pouring rain. a ' a public meeting in Summerabifa Civic Auditorium last evening. '

on the subject of trade he said. no people are more con- cerned with foreign trade than the la of the Atlantic Pro-

no

frccst possible kind of such ma- lnu. He said he did not disagree

g proposed trade with Communist China_ and the sending a trade mission more to see if they can sell (‘anndlan products to the people of that country. providing that none of those products which thc_v sell are strategic materials.

lle charged, however. wat the Liberal Opposition tried to girl some information about this. thc Conservative Government

Easier Money

was hesitant because they were worried about the political im- plications of a mission at this time to that place.

MORE IMPORTANT

More Important than this. he said, is the development of trade policies in this part of the world--the Atlantic part, European part.

He referred to an offer by Prime Minister Deifenbaker of a.dives-aioa . per cea imports from the United States to the United Kingdom made by the Prime Minister on his re- turn from th Commonwealth Prime Ministers‘ conference. He

toned whether this could be done without doing more dam- age than good to our trade. 15 per cent in terms of the dollar value of trade of Canada in 1.056 in tenns of Imports means $626 million. he said. and at means

excess of all British imports to Canada at the present time. if

Sends Security

Markets Soaring Al N. Y.

\‘l-.‘w YORK touch of easier'money sent se- Purl-'.v markets soaring Friday. Stocks and bonds ined together in “re upward whirl.

The stock market ended with Emits running to $4 a share. U.S. Kmernment and corporate bonds bounded up. One of the biggest unlci-writing issues in history wa< cleaned out in a "moonlight" bunt: rush. Most commodity markets raced ahead.

Demand resulted from action of foui- federal reserve banks —- in

mo _ Louis-—In lowering their dmwrunt rate to three per ce fronl 3%. The other eight federal blinks are expect b W to make the

3 to

same diange

(Earns In stocks added an estl- gr listed on the

Ill:-sled stmjm

-‘N York stock exchange, based on the Associated Press average 60 stocks. This average lhtad $4.00 at $136.30. l-‘.t-onomlc opinion split on whether the federal reserve ac- tion meant a basic change in pol-

tAPl .— A little it:

ndl Mart

y. DEPRESSION CONCERN? Jules I. Bogen. professor of fl- nance in the graduate school of business at New York University. said. “the action shows the fed- ,‘eral reserve board finally is more

action is

8':

would g

portant to build u the United Kingdom. And it was tragic that the sacrifices made by the U. K. During the war and

Pearson said. to bull trade, the better for us all. How- ever, he pointed out it was one thing to increase trade. but a different thing to divert trade in the U S

discriminates ed States trade under G. A. P. or which seems threaten what the Americans would regard as unfair interfer- ence with their trade. although they have done it to Canada, perhaps the ultimate result would Continued on page 11 col. 6

it can be done in a way which will do no damage to our other trade connections that ause it is im- p trade with

dllfi

LIBERALS WORRIED

If it is to be done. he thought It could best be done by merit intervention hich ersion possible. He said there was no indication

the government‘: view this point. and this worried the ’ ' if

W

taken

any

govern- W on

nit- ability to

BOND SALE ANNOUNCED I-‘Ion. B. Earle MacDonald.

Provincial Secretary Treasur- er has announced a recent

sale of Province of Prince Edward Island bonds to Equitable Securities Can-

nd issue was for two million dol- lars at 4 1-4 percent to yield 5 percent to the investors with a cost to the Province of 5.13 cent. The purpose of the sale was to meet capital expenditures incurred in the last. fiscal year.

um Fire Missile

5,000 Miles Hit Target

CHICAGO (APl—’Itle U.S. Air Force disclosed Friday that its intercontinental missile Snark de- llvered “with unprecedented ac- curacy" a simulated hydrogen miles

e air force announiceme said the Oct. 31 flight of the Snark demoimrated the missile's place a nuclear war- head on any target in the world.

In the first official disclosure on details of the night, the air

rce said the swept - wing mis- silc. capable of speed bracketing the speed of sound, flew at an altitude of 45,000 feet firom Cape

Mr. Elmira.

TORONTO (Special) —- Island exhibitors captured the bulk of the major awards in the table- stock division of the potato ex- hibit at the Royal Winter Fur here yesterday.

H mid Matheson, St. Peter’! R.R.2. won the grand cham- plonship in this division with his prize-winning Canso entry, while

red and Frank Coffin of For- tune gaincd reserve holiors with their exhibit of Katahdins.

In the individual variety clas sea Island entries placed first in 've e eig divisions. with other Island exhibitors plac- ing well up in each.

In Irish Cobbler Archie MacAulay, of St_ Peter's.

and R. C. Mill Annandale. sixth.

Canadian Ships End Baltic Calls warships ended their goodwill cruise to Baltic ports Tuesday and 58‘

now are headed for ‘ hal-ly. Northern Ireland their

OTTAWA tCPl a six Canadian '

“M nedioni. Russel Smith, Oyster

Cyril Sanderson, St. Peter's topped the Sebago tablestock en tries at the Royal. with Clarence Burke of Fortune second; Arthur Dixon. Fortune. third;

ampbell. East Baltic. fourth. R. Vessey, York. Fifth; H. Mao Klnnon. Souris R. R. 4,

lib the Katahdin exhibit Fred and Frank Coffin proved too good for the other ex hlbitors. S. A. MacAulay. East Baltic. was second: Arthur‘ Dix- on. Fortune. fourth: and the East Baltic entries of John Murphy. F. Robertson, and Alex Robert- son. ninth. tenth, and eleventh.

In the blight-resistant class (Canso, Huron. Keswickl Har- old Matheson. St. Peter's R_R

was declared the winnter.

Peter's an 2 fifth. and Fred and Frank Coffin. Fortune. ighth.

“In the class open to any wlflte variety Anslem Mac- Donald of Souris placed second antdh Raymond Vessey of York.

f .

York's Ray Vessey was sec- ond in the Green Mountain com petition, while Daniel Bradley.

.7 Woman

Wins Championship In Tablesfock Al Toronto

ford, and Lorne Kellly, stood fourth, sixth. eleventh. respectively. ‘

The nltkens of Fortune. Har- vey and John. placed first and second respectively in the Red or Rose variety.

In seed competitions completed Thursday Islanders won five first placing but failed to garner either of the two top awards.

York. eighth.

Dies In Accident

DIGBY, N.S. (CPl~Mrs. Pre- detta Wagner, 78. of Danvers. about 30 miles south of here. was killed Friday night when a car ran off the highway and rolled over at Piympton near here. The accident occurred during a rain storm. Mrs. Wager was a pas- senger ln the car.

GET SPUTNIK POLICY

BRISBANE. Australia (Reut- ers)—A local family has taken out a £5,000 ($11.30! insurance against its home being hit by an earth satellite. it was disclosed Friday. Lloyds issued the Sput-

Bed Bridge. Louis Bradley. Bed-

atop before returning to Halifax. n a v a l headquarters announced. Friday.

On Wednesday they In the No Sea and they passed through Pentlaod Firttb and the While on the way to a rendezvous with the carrier Bonaventure and the de- stroyer escort Ottawa. The eight trips are due in Halifax Nov. 27.

Since leaving Canada Sept. 5.

l exercised ‘ ursday

P holm, Helsinki. benraa. Sweden. Kiel. Hamburg and Oslo. '

Island Sheep Do Well At Royal

TORONTO (CPl—I-Jmke Broth- ers of Elmwood. Ont.. Thursday showed the champion Leicester ram at the Royal Agricultural Winter Fair. Reserve champion was shown by S. C. Stewart and son of Charlottetown district.

The champion ewe was shown by Wilson Douglas and son of} Caledonia. Out. The r e s e r v e: champion was owned by S. C.i Stewart and son who won second- place honors in rams. two years! or over, ram lambs. yea ing‘

to an ocean tatt-

lconcerned a-bo depression than about inflation." lie added: "It indicates fundamental‘

dtiange in federal reserve policy, lbut whether it will be successful rln stopping the downward eco-. ,nomic tendency remains to seen "

in E. (iainsbnrgh. chief economist at the national indus- trial conference board. said. ‘‘I do not believe this is a funda-

all mental change in policy and it

should not be interpreted as un- erwriting an expansion pro- am."

The discount rate is what fed- eral reserve banks charge mem- ber banks the} federal banks. Presumably lower.

the member banks. ease. at least slightly. the tight- inoney policy. l

mystery

Paris, Talks Mystery Ship PARIS (R_eutersl—Reports

ship Friday night en-‘ tcred comment here of the deliv-.

ofa.

get near Ascension Island in the South Atlantic.

This altitude, the announcement, said, was far below the missiles: maximum capability and was set‘. to facilitate contact with shore nd sea stations. l

The missile was deliberately} launched off-course. the air forcel

ery of Anglo-Ameflcll arms to said, to prove the capability oi,

Tunisia.

5 guidance system, and during‘

Asked whorl-er_ there was fresh the flight the Snark demonstrated‘

news on deliveries of American rifles and British ine guns. in foreign office spokesman]

said

“It is we who are waiting for news of the somewhat mysterious ship whose existence’ determined the suddenness with,

fl(.'\\‘.~ - -

sub - mac

;its ability to use evasive tactics.

Of Man's Deal

which the whole operation of the.

arms delivery was decided upon

and carried out. He did not elaborate.

American Ambassador Amory interest charges to the banks can} Honghton was reported to have be passed along to customers of-told Premier Felix Galllard Wed- That would’. nesdny that a Soviet ship was en- route to Tunisia with arms. The US. Embassy denied the report.

43 Are Killed In Crash Of British Flying Boat

NEWPORT. Isle of Wight (AP) A four-engine British Solent fly- mz host crashed in flames on a

58 persons

1 ‘l hospital spokesman here said h’ lnlured persons d been V‘:-lht In. some is serious con- II I Tl‘? bill four-engined plane. be- f""-"nz to the Brit Aquila Alr- oedod hill-

IHO

Injured brouzht in l The The 35-ton flylnr: host is civil version of the Sunderlandl flying boat—famed U-boat hunter‘ of the Sec nd

oflsnd convoy escort 0 World War. : Aquila is an independent Brit-§ lah airline operating to Lisbon

and Islands off the African coastl

TREES SET AFIRI-3 p The policeman uid lreex were’ ‘hurtling all around the wrecltlle of the plane as fire trucks. am- bglneeg and police can con- the scene.

He Oddtdt "rinmen sot moms the “"H"*-

age safbi-ought out a series of herself bodies. The men “m V

volving an Aquila plane this year.

On

that occasion all holidaymakers and crew climbed on to the wing and

nationality the paseea- Last March one of the line‘: So! gen was not immediately known. ents hit a rock while taking of the from Maiorca

oltbe plans

were rescued by launches.

Most of the Britons on vqcat The crew Included two air hos‘ teases. one a trainee A spokesman for ways said the plane, named the you in ‘Sydney. was on its normal route In CI“lldV svea . ' that the captain had trouble with one of the engines because he radioed the control ,launch in Southampton Waters ‘that be was turning back." III I said. "Til was

'Weknow

'0 head."

II.

the NI G passengers were to

‘Aquila Alr-

‘ That Thomas Edison M‘acRae -came to his death “as the result

Highway causing the truck which he was driving to leave the road and overturn" was the verdict brought in last evening by the Coroner‘s jury impanelled to In- vestigate the occurrence.

Seven witnesses were called to at the inquest: Dr. Charlottetown,

who was called to the scene of the accident: Mr. Claire Somcrs. Charlottetown. who discovered the victim; Cpl. Gordon Hum- phrey. head of the RCMP's local lndentlflcation section; and John . Macbeod. Bonshaw, Sheldon Dix- on. North Tryon. and John Mc- Murrer. Albany-

Scrving on the jury wcrc (‘har- les E. White. forman Lyle lit. MacNevln, Boashaw, Ray Boyd. - William

Hazen Howard. Cornwall. and Marven W. MacPhee, (‘.ornwall., Dr L. E. Prowse. chief pm-

Find Heart Attack Cause

ksa:.dssthsfllrs.Aaaalsssle.

ewes. ewe lambs. best flock of five sheep and pen of four lambs.

CONCRETE BURIES DRIVER

WALNUT CREEK. Calif. (AP) Philip Balls. 30. backed his truck on to a culvert to load some scaffolding. The newly poured concrete structure collapsed. Ba- tia was klll8d-bIlI'l9d under 100 tons of debris. Six workers es‘ caped with minor injuries.

l'l On Highway

one mile east of Bonshaw at proximately 5:30 p.m. on evening of November