T-"was as. seen

THE GUARDIAN. . CH WN

"AGE ELEVEN

lTe'w York Exchange

Am Car and Fry .... ........ 22 3-4 Anaconda ...... ........ ......... 9 7-8 Beth Steel ..s.... ...... ........... 34 7-8 Ches Ohio ...... .. ......... 3 7-8 Cons Edison ........ ...... -.. 29 5-8 51 Auto L ....... .. .. 42 1-4 Gen Elec ...-... ....... .... ... 46 5-! Gen Motors 8

Gt N Ev 34

Kennecott ...,... ......... 55 1-2 Montgomery We... .. .... 55 1-2 NY Central . - ........ 12 58 Philips MS D ........ 52 1-4 Radio Corp ........ ...... -..... 19 1-! Std on NJ ...... ....- ....s...-:3 1-4 Texas Co' ...... ..... .. .. RI 1-2

Untd Air .... -... .... ......

CS Rubber ilS Steel .... Vanadium Wcst Un T91 - Westinghouse .. - 32 1-2 llclllreal Siotlis Aliiiibi XD .. .. 27 7-8 Dn Pr XD . 24 1-2 Aslws XD X8 30 Brithurst 29 3-8 Boll XD . 403-8 llrnzil . . 21 1-4 BA Oil XD 29 BC Power .. 30 Bruck B ..... 6 side Prod XI) 33 1-2 Czin Cement . 33 195 Do Pr 29 3-8 (win Frg . 26 (Tim SS XD . 221-8 lln Pr. XD 39 (Yin Brow 20 5-8 ilrin Ciir .. 11 1-4 pm A . 14 1-2 Col XD . 35 1-2 CPR .. . .. .. 18 r-..vk-snuu .. 15 14 C Smelt XD X3 96 fl Sent! . 21 1-2 llnm Bridge .. 45 llnni Coal Fr 20 ilnm I-”nd XIV . 30 Dom S & CB . 18 3-4 Dani Tar . 25 lmni Tr-x XD 10 3-4 Dunn Pr .. 102 llijvrlon . 20 1-2 l-Inrlln .. . 29 l-lmscr w i'. Sli War . 18 lln Pr . 105 Hr-iv Smith 44 Imp Oil . . 25 imp Tab XD . . 13 3-7 lrii Paper 47 Int Pete ..... .. 9 7-8 lnt Pow XD 56 llzisscy . . . . .. 26 Mi'Coll 13 1-2 N Sil Cur XD 21 .Vai'andIi . 68 Price . 83 1-2 Do Pr XD .... .. 100 1-4 Siimvinignn . . .. 25 1-2 Slur Pr 4 1-2 PC PI 52 7-8

Sir-cl ...... ..

Dn Pr .. 23 Wpg Eiec XD . 34

Do Pr XD .. .. 9934 Cons Paper XD . . 221-2 4890 Ford A .. 41 1-2

NOTICE

The property of Messrs (I. sent- ner and Torqull Mu-.Nelll at Mil- ton in "Enclosed" under the Fl and Game Act 1007 and Imeni

mi-nte thereto. Treepluere will be

prosecuted. ALEX W. MATHESON

solicitor for Lessee: June 24; 1950.

ATTENTION Poultry Producers

Loading live poultry weekly for U. S. A. and Canadian markets. Please contact Ur- ban McQuaid, Central Egg and Poultry. Charlottetown lor loading dates, prices, etc. Phone (daytime) 2526 (night) 1581-14 F am

T0 l.E

FURNISHED APARTMENT summer Months Modern Conveniences. Rustlco Harbour

Write:- BOX 333. GUARDIAN

j

FOR SALE

NEW STIIDIIBAKIIS

BELOW LIST PRICE! DELIVERY ANYW!-IERI

IIIIIIIIOI MOTORS

IAIN! JOHN. NJ.

Stock Markets Continue :Sluinp

By The Clnedlln Press

stock markets were stagger-ed Tueldny by developmenu in the Korean situation, but toward mg close there were some signs or )1. turning equilibrium.

The New York stock Exchange tinned the day with a cautious re- 00V0l'! from uozideyb slump, but vlu hit by a selling blast around noon After President Truman an. nounccd.a new aid-to-Asia pro. gram.

However. at the final bell losses 1"-W71”: to an extreme of around 81 3 share had been sharply re- duced and the market was heading upward.

sales of 4.0Cl.lXl0 shares were the largest since Sept. 6. I989 and compared with Monday's 3,910,000. At times the new high-speed ticker was running us much as 2'! min- utes behind.

The London stock Exchange closed before Truman's announce- ment. but the picture there was al- most as gloomy, with substantial losses in British securities and Japanese bonds.

Heavy selling also developed on the Toronto and Montreal Ex- changes.

Commodity markets were mixed. At New York rubber. tin and pep- per futures closed higher. Many prices which were nosing down on profit-taking during early trading hours turned up sharply during the day. but in the final hours ppi-oflt-taking again appeared.

New York cotton. after gaining as much as 82.75 s bale over the Monday close at one time, finished 15 to 75 cents ahead. Crude rub- ber ended two cents 9. pound bign- er-the daily permissible limit.

Grains at Chicago closed mixed Wheat was unchanged to 5-8 at ii cent a bushel higher. Corn, oats and rye tended to be lower and soybeans were mostly down.

At Winnipeg. coarse grain" fut- -ures were erratic.

Grain

WINNIPEG. June 2!- (CP) - Coarie grain futures did a "jump- ing bean" act today on the Winni- peg Grain Exchange, moving about erratically and nervously. Traders said that prices appar- ently were influenced in early dealings by recessions pn United States markets and then later by "war" news from Korea. Considerable export business was in evidence. amounting to

about 3.000.000 bushels. United Kingdom was allocated 2.000.200 bushels: South Africa 300.000;

Switzerland. 340.000: Belgium 125.- 000; and Bolivia 17,000.

Closing prices:

Oats: July sI.07 1-2; Oct. 86 1-8: Dec. 81 3-8A.

I Barley: July 81.4? 1-2; Oct. 31.22 1-2-5-8: Dec. 31.17 1-2A. Rye: July 51.49 I-48; Oct. 51.46 1-4B: Dec. 31.44 3-4. s

Flex: July 53.758; Oct. 53.44.21: Dec. 53.44 Nnt.

Prices of class two wheat, for export to countries other than Un- ited Kingdom, were: No '1 North- ern'S2.0G: no 2 32.03; no 3 S201: no 4 s1.9s; no 1 durum 8208: no 2 52.03; no 3 32.01.

Cash Prices:

Oats: No 2 CW 1.11; no ex 3 CW. no 3 CW and ex 1 feed 1.10: no 1 feed 1.09; no 2 feed 1.05: no 3 feed 1.02; track 1.03 1-2.

Barley: No I and 2 CW 6-row 1.81 1-2; no 1 and 2 CW 2-row 1.64 1-2: no 3 CW 6-row 1.79 1-2: no 1 feed 1.50 1-2: no 2 feed 1.50; no 3 feed 1.45 1-2; no 2 CW vel- low 1.55 1-2: no 3 CW yellow 1-43 1-2: track 1.56 1-2.

Rye: No 1 and 2 CW 1.48 7-8; no

3 CW 1.44 7-8: rel. 2 CW 1.55 1-4; no 4 CW 1.39 1-2: track 1.49 1-4 I

it-i...-. No 1 CW 3.75: no 2 CW 3.70: no 3 CW 3.55: no 4 CW 3.50: track 3.75.

Market: lit A Glance

(Canadian Press)

Toronto-Stocks down: mid-ses- slon selling waves push Price! down.

Montreal-Stocks lower: again pace decline.

New York-Stocks weak; selling smash continues into second day.

Toronto-Bacon hogs. grade "A' ungettlecl; price; not established.

New York-Cotton closed 15 10 75 cents a bale higher.

. Produce

MONTREAL. June 27 -(CP)- Produce prices quoted here today were reported by Dominion De- partment of Arrleumm u fol- lows:

Butter: Current receipts QIIGMG no 1 pasteurized fresh 52 1-4; Que no 2 51 1-4: WIIOIEIIIC Que no 1 pee urlzed fresh 53-53 1-4. Flrll gra e creamery print Job price 52 34-Kl. Receipts: Nil.

Cheese: Current receipts On- urio white 3 11-16-26 15-16: Que- bec white 2'! 3-8: wholesale On- tario white 28; Quebec white' 28.

Potatoes: NB no 1 75 lbs 1.05- 1.50; 10 lbs 23-M: PEI no 1 75': 1.50-1.81; 10 lbs 24-25: Virllnle new 1017: 4.00-4.25.

papers

PIAOIJI. June 2'l-(Reuters)- Ire. Mllads Horekove, U-year-old former member of the Czech thrllemeut sentenced to, death June I for hilh treason and es-

.We are is tbemerltet

" STRAVIBEIIRIES WANTED"

mpius'u-swlmrieooigraseaiopguscyioi.a-iiv- OI'oiIQAhAII'0D!&&iICbI Ilplilfiill llllllllf LIIITEI. ' nuIi0.x.s.

plonege. hes been executed. it was euneimeed tode! -

to purchase several tone of

....-..G:-G-m--I---m-'--: from 70c lb. in 1948, to 58c in 1949

F

Fann Wages Show Decline: Higher In West

OTTAWA. Juno 27-(CF)-It's a case of "so west". young men." for the farm-hand who went; to make more money.

On the whole, the scale of wages paid to Canadian ferm- hands declined slightly on May 15. but the Bureau of statistics reported today that rules in the Western Provinces are higher than those in the east.

The British Columbia farm- hand got an average of 84.72" a day plus board. That was less than the 55.06 he received in mid- May last year, but well above the 53.44 being paid to the farm-hand in Nova Scotla and the 8.41 paid in New Brunswick.

British Columbia far " " drawing weekly pay without board also were ahead. Their average wage was 56 against only 33.75 in Prince Edward Island. 54.44 in Quebec and 35.13 in Ontario.

The Bureau reported that aver- age daily wage rules for all Can- adn with board provided dropped from 54.04 in May, 1949, to 33.84 in May. 1950.

Wllhoui board. the average rate for all Canada was 34.80 against S506 last year. Increases were reported for Ontario and Sask- atchewan. but rates were lower in other Provinces.

The S3 and board which the form-hanrl in Prince Edward Is- land received was 10 cents above his daily wage a year ago. The Onlnrlo form-hand madn 34.12 plus hoard--n one-ccnt increase over his 1949 average wage. The Sask- nichcwnn worker made 54.37 which win: 19 cents more than in 1949.

In the case of monthly wages. the average all-Canada rate with board increased to 58464 compar- ed with 583.73 in 1949 and 583.26 two years ago. The average rate without board was 5113.76 com- pared with 5113.89 nnrl Sll3.07 in the two previous years.

Monthly wages with board were higher in six Provinces. Lower rates were rcllitrtetl only for New Brunswick. Quebec and British Columbia. Rates without board were lnwer in five and higher in four Provinces. runulm! "Om 59935 in Prince Edward Island to 5123.11 in Alberta.

DISGIISSES ILTTAWA

Continued from page 1

and 53:: in 1950, and notice that the Dairy Board held this sprint some 19 million Lbs. of butter over from last year bought at 5ii.5c and now selling for tile after being carried a year. They also note that the Support Board had to purch- ase some 20 million lbs. cheese to support the (loo price of last year. Thls cheese is going on the market at the new lower price this year!

Dr. Hope said he otlered these examples not as criticism of the Government action lgul,as,gV1dehCE why farmers say a surplus situat- ion exists.

He traced the history of export markeis for Canadian farm pro- ducts showing that in the IN” before the war the trend had been in the nature of a decline of ex- port markets. During the past war there had been is great stimulus of exports of Canadian farm products due to war needs, and with con- tracts al-known prices. lhl-I hid provided the real answer to I farmer's dream of ideal marketllll conditions.

But some auiliorltles had made the mistake of believing and hop- ing that at least some large part of this export could be maintained 1;. the postwar years.

"Conditions had not P1”0V9d "ill out," said Dr. Hope. The fact was that Canada was sell-ind. WW3 more and more to a domestic mar- ket basis, and had it not been for the expansion in the late war. Canada would have been down 10 'that. basis some years ai0- HG 59: lieved ziiai. barnns I with Civil" would from now on be onii domes- tic mavrketbas-is. with the exception of wheat and beef. That meani- dcveloplng newer and greater av- enues of consumption at home 11 farmers were to maintain produc- tion of their farms. t

Confused Thinklnl

"Confused thinking on the" part or many responsible people. slid Dr, Hope, "led them to believe that much of the expansion of ex- ports could be maintained after the war. The iarniers were led to believe by some at the PC0919 3" llltence. that we should aim for a IN-million lb. ii your bacon el- port trade; that by luvlnl .9831! hatched chicks we could maintain a high export trade in fresh eggs. Even without Britain's balance 01 payment difficulties, there never was any sound reason why under I restoration of pre-wei:,competlt- lve conditions, farmers would be in a stronger position than the! were before the war to compete in the Bi-lush market. with nation! who had always been able to sup- ply Britain with ouch products more easily and more cheaply."

Venturing a prediction. Dr. I-lope forecast that for the next ten years, barring war. the overseas market for Canadian food products would be very poor. All the infor- mation he could gather, be sold. tended to con-nrm that belief. Even with reduced costs in Europe and lowering of tariffs in the dollar countrles. he doubted that Can- ade'e export trade in flood products would be anything but poor.

Dr. I-lopelfuriher predicted that the present building and invest- ment boom in North America would be over its peak by the early 50's and that the bulnen clump which inevitably would fol- low would seriously depress culi- uele and therdore (hotel the de-

oi food lurplue probleml." said Dr. I-lope, "re-adjustments of individ-

ao solution to that problem.”

"For the time being my gun; u 931" Ilberimeniu of the planners will be only innuu, - I and that we shall experience by the middle and late 50': qutie in decline in domestic demand for food due to I good-sized business depression."

Price Support Program

Dr. Hope declared that o s . lzed agriculture had been rfveltzy appreciative of what action the Government had taken in the mat- ter of price support programs. es- pecially of the action taken in mlklbl the price support not a permanent measure.

"rhe Act does not provide. how- ever. any formula for determining at what price level the Govern- ment will take action. The Act does provide that the Government shall endeavour to secure a fair relationship between the returns from agriculture and that of other occupations, but it is not cleiir as yet how thefiovernment interprets that clause.

"The Minister has once or twice suggested that the Government's policy is to "take a look" at the 1943-45 period for farrli prices and costs and in some manner arrive it current support prices. Presum- ably this means the parity prin- ciple with the 1948-45 period as a base.” .

The period of 194345 as a parity base for farm products showed practically the same levels as the period from 1925-1929, said Dr. Hope. Using the! base, he showed by figures that the present support price levels for various products were substantially below parity.

Waiting On Britain

"Government policy on price support seems to have been one of waiting on Britain to make up her mind until the last moment. Our Government claims that it can never get the British Ministry or Food to make any commitments on price or quantity bntil late in the game. Negotiations go on for months, people fly back and forth across the ocean and finally a deal is made. As the Government will not announce any price supports until the contracts are closed. the fu-mers are kept in suspense for weeks and months, often at a crit- ical period, such as December. which is one of the important months for breeding for spring farrowlng. To the Canadian farm- er this looks like a war of nerves and he does not appreciate it. Maybe this is the manner in which the new era of inter-governmental food agreements will be carried on.

"Because there is nothing in the price support act which sets out the manner and at what level prices will be supported, farmers are continually going hat in hand to the Government for price sup- port for various commodities. This sort of thing has stirred up opin- ion ln some quarters against the farmers. In short, farmers feel that the price support policy of the Government has been one of yielding giiidglngly inch by inch only on the basis of continuous pressure. They feel that as they have no power to, strike. (in fact farmers generally speaking dislike the strike idea because of a re- sponsibility to keep food supplies going) the least the Government can do is to have an act which clearly sets forth the supports fsrrners can expect."

lfideration Fr oposals

Dr. Hope outlined the price sup- ports already granted by the Gov- ernment and dealt in detail with wheat the Canadian Federation of Agriculture. as representing the farmers. had proposed to the Gov- ernment.

He made it clear that the Fed-

eration had not asked for support at peak price levels of 1940 but had asked for support at I949 lev- els for eggs, bacon. cheese and butter. The 1940 levels had been about ten per cent lower than 1948. but in spite of this, cost of (arm operations had continued to go up because oidiigher feed pric- iu, higher fertilizer prices. highct freight rates. higher wage rates in industry. , . In the matter of I general prim support policy, Federation thinking had been much along the line or the Brennan plan in the U. S. for some products. For instance, with respect to butter, the Federation and Dairy Farmers Association had recommended a substantial reduc- tlon In the support once. in order that conkumers mllht 16 WW" prices, and that there be a SUPPR- mentery payment to dairy farmers to maintain production, using the same technique thsthsd been used in the war years.

"those who know the leaders of the farm movement in Canada." said Dr. Hope, "realize that these men are sincere. DI'IC'-I9” "M We” in-formed. seeking a solution to the problem of more security I55 3”" billty for the farmer. They seek I framework of poll!!! Which I" "'9 long run will be sound, not lead to regimeatetlon, and will be”ln the best interests of all (roubl-

sr. uuiiaiL

Continued from Pile 1

SEES FIIE

Continued from page 1

-10 Drove to their complete util- factlon that there is money in sheep without too much outlay in buildlnss and in purchasing feeds. Th? IIIWP breeder can grow his own feeds on the farm almost en. 111111. and does not have to worry about transporting weatern gr-sin; over 3,000 miles."

In this Province, he believed, producers could make better use of chemical fertilizers on their nastui-es than can be done In drier climates. He recommended that more attention be given to put- ure fertilization. "In years gone by we used to say that in pasture was lsheep sick, but the deterio- ration in that case was almost. sn- tlrely due to intestinal worms and other parasltu in the animals. To- day this can be easily controlled by Phenothlazine tablets, which are, largely In use In Eastern Can- ada." The tablets, he said. were developed by Dr. Swalez It the Macclonald Agricultural College, and have proved very effective.

Putured Together

Many farmers in Eastern Canada are prejudiced against posturing sheep with cattle, Mr. Parent said. :'They believe the sheep will starve the cattle if they are on the same pasture. Yet. in England and Scot- land this practice is Iollowed reg- ularly, and they believe that in order to make the best use 01 an acre or block of pasture land, they should have both sheep and cattle on it.”

The destruction caused by dogs to sheep flocks, frequen-Lly cited as a cause of the decline in sheep production in this Province, could be eliminated by strict law en- forcement, Mr. Parent. believed. He noted that in many parts of Eastern Canada the sheep are left out in back pastures, where dogs are most likely to be at large.

TiiilMlili pp

Continued from page 1

Second world War. also directed the United states seventh Fleet to protect. Formosa against my In- vasloh from Red China.

And lg directed that American military aid be speeded up to the Philippines and Indo-Chins.

"The attack upon Korea makes it plain beyond all doubt that Ccinmunlsm has passed beyond the use of suibverslon to conquer inde- pendent nations and will now use armed invasion lino war." Truman said.

Defence secretary Louis John- son told reporters that the President's order does not com- mit the United States to send any land troops into action. Asked if mobilization will be re-

quired in the United states it- self, Johnson replied:

”At the moment. no."

The Senate majority leader. Scott Lucas of Illinois. announced that negotiations are under way to get their countries to join the United States in armed support of South Korea.

Along with his order for the United States fleet to guard Ebr- mosa. Truman also asked Gen- cralissirno Chiang Kai-Shek to cease attacks on the Communist- held Chinese mainland as a con- tribution toward peace in the whole area.