Company Earnings Stories Glre Guar dian ACROSS THE ISLAND

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| SECOND SECTION Charlottetown, Thurs., Mar. 11, 1965. PAGE 11| By KEN SMITH eleeete is Massey - Ferguson, of the Canadian Furniture Man- S S an Canadian Press Business . Reporting for the first|ufacturers Association, said . The increasing flood of corp- quarta of its fiscal year, ended|many furniture makers would [fon Foundries | FEDERATION NEWSLETTER ‘ or earnings reports is beat- Jan. 31, Massey-Ferguson said|be slaughtered if their protec- NEL THESON {ng out a merry tune for inves- profits declined to $1,112,000 or |tive tariffs were abolished. Earnings Higher | aS __ eit Pusiaeusmnes seven cents a share from $5,- Calling for time to develop) | ¥ ; 2 I TALKED a few days ago ith only a few exceptions, 666,000 or 39 cents in the simi- the industry before any action INTREAL (CP) — Canada town Prince Edw: major companies in all seg-|lar period of 1964. is taken to reduce tariffs, he| Iron. Foundries Lid. had net airy n us ry acing ee Fe ee. — i ments of the economy are <how- | clres REASONS said many of Canada’s 2,000| earnings of $3,596,276 in 1964, — summer, long enough to

fng increases in earnings. Many However, A. A. Thornbrough, furniture makers fear they | an 86 per cent increase over the

are at record levels and gener- would be swamped by giant! previous year’s $1,896,605, the S ally see no reason why the aot tha ous won cecal: an United States firms if the pro-| company has announced. WO Pro mM Sanat the rest of last season with Ro Red Wings w trend will not continue at least early shortage of the corpora- 'ective walls were removed sud-| tne annual report said a record of five wins, four losses and what is more through this year ‘ tion's new factors ane by non. denly . ot due to better | ’ er Annual meetings of the lar- recurring capital costs. He pre- Maitland Steinkopf. Manitoba production facilities and tech-| By J. LINCOLN DEWAR dairynian is interested in is, cent of the national budget. This & ger companies—most of them dicted sales this year will be Provincial secretary, announced |) ioe. combined with aggres- On Wednesday, March 17 the more money and he needs it| includes all the subsidies, re- ‘hing up stil! to come—will likely pro- 9+ least equal those of 1964. Me CNR will cut its freight | °i marketing of new products P.E.I. Dairymen's Association desperately "search work, administration and ‘idered good in baseball. pias cuore devas ‘oree Asis of Other companies reporting ra to give the Norn " Man. The company’s sales last year | holds its 66th annual meeting at| More recently releases seem to | everything pertaining to agricul- a BAD * Catt we oe like Minnesota pus 8S expec ations ut so far hicher earnings last week iM-| vith Montreal for shi ae _ totalled $112,402,000, a 12 per | the Charlottetown Hotel. Later in suggest that changes in price ture, or about $172,000,000 out of ching.” ee se ands re are no anticipations of aD ¢juded Canada Iron Foundries, , Montreal tor snip cent increase over the previous |the press will appear ‘a formal support might fall considerably, an eight billion dollar budget. | hing, ; early fall-off Canada Steamship Lines Utd., 294 from the prairies. | year advertisement of the meeting. It} short of what producers had wriGHT RESTRICTIONS eee, he ee developed e's ry at thet time. arni : rain wi exclu Tom | . The largest earnings reported Hubbard Felt Co. Ltd., Philips aw fale schedule. aimed( Capital expenditures in 1964 | Should be noted that the guest been hoping for. In amy event) One of the major hair-shirts as- working on a sinker ball. A “slider”,

eame last week from Interna- Calbes Ut.. British Columbia the at- the annual banquet the problem is under consider- -iated with highway restrict- tional Nickel Coo‘ Canada Ltd , Forest Products Lid. Slater #* helping industrial develop-| amounted to $6,876,000 and are | wil] be George R MacLaughlin, ation this week by the Stabiliza-| {ns is that arene to be worn

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—Aa record $135,768,000- or $4.59° Stee! Industries Ltd Pacific Ment im the north expected to reach $7,500,000 (Ni | Vice-President of the Dairy tion Board and its advisory’ }\ the dairy plants which ares It eee Patten, Rarer ape eed oy

a share. -“mored with $106,-'Petroleums Ltd. Hudson's Bay PRAISES PROSPECTS hows |Farmers of Canada and inter- committee handling milk. Cream doesn’t soem one of his pitches, before he finally got it right, Vern

311,000 or $3.60 in 1963. The Co.. Steinberg’s ‘td. Royal, In London, a British banker nationally known as a cattle SPRING SIGNS represent the same problem as it |ioid me.

earnings are ziven in United Trust Co. and Home Oi! Co. connected with several Cana- ™0st glowing prospects in the breeder, dairyman and farm After an eee of can be kept for a longer period,|- Mr. Handrahan is a big chap and is 26 years old. He stands

States dollars Ltd. dian firms including the CPR World ae ecLe area ee sored Rtg veel it doesn’t represent nearly the § foot, 1 inch and weighs 195 in playing condition. He’s just 200. One major industry that has Elsewhere on the business and Sun Life Assurance, de Sir George Bolton said Can- - MacLaughlin will talk on produced really acceptable days. same weight and is usually not now so he has only five pounds to trim off at the training camp

. . : : . ’ . matters gelated to practical herd! Days which encouraged us to be-| : eome in with sharply lower scene, James King. chairman scribed Canada as having ‘the ada’s economic prospects are; nanage ent and dairy pro- lieve that spring was definitely eae Jong Satan hand is high-

a so huge and attractive it could | : , | duction. Some top-flight enter- on its way. Of course, there can easily absorb all the foreign in-| tainment is being prepared for be rather serious relapses dur-\,% tat “cynsitersnie ais. MOW He Got His Big Chance In Ball | vestment the U.S. can |the evening and the Association ing the next two months but be | rans Recently a delegation let beyond its borders. is looking forward to good attend- that as it may the days are get-| trom the industry met with the| 1 WONDERED how Vern got his chance at Brazilian Traction, Light and | ance on the occasion j ting jeager ~y there is ate Minister of Highways for a dis-| baseball, and also how he got his chance at the l feeli ticipation in | Power Co Lid., hit im recent! wi propLeMs y a feeling of anticipa cupsion on the problem but there |I Sound beth starts

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- rural air. True, there will be mud | ’

to income you cannot outlive, years by Brazil's political and At the present time the dairy and difficulties but the long win- Sey result. Phere 1s ‘el course, tw Tube in the Holitax-Dertmoath professional leugas, ta 1008 economic woes, had some good industry in this province is con- ter is nearly over and we are : 1 ; which w: lea-

: ; no question about the importance | and was accepted by the Stellarton club as in the! news for siifreholders. J. Grant cerning itself with two rather within sighting distance of the of protecting our highways but |gue. Young Handrahan made a enough imgrencien to he District Manager Glassco told them in a letter | UmPortant questions First of a pleasant summer the processors and producers of |signed by a scout for the Milw Braves at end of the the ind Brazil's | Provincial nature is the possi- Users of fertilizer will find) miik have a major impediment \season. A Cleveland scout was also interested, but it was too

STEWART G. IVES, C.L.U we tor renee! ecnnomie Bilt, of margarine being intro some assurance of protection in| tate te | . ofr Ue effort to restore economic . . placed in their way late for him to do anything about it by the time he talked with

’ é duced for sale in a legal way. the fact that a large Canadian “ Regardless of the merits of Vern :

92 Queen St., 894-4737 equilibrium | will succeed: | The |Both the Federation of Agricul company was recently fined the restrictions there can be no | But the Milwaukee club didn't show much interest in the new government has instituted |ture and the Dairymen's Assu- $500.00 for selling a fertilizer | question that it certainly im- | Charlottetown boy as they sent him to a Class Delub, -which is la number of im ~reforms | ciation have taken a position on’ which wasn’t up to the analysis. poses a major obstacle on any |just about as low as you can get in professional ball

a an Spe — designed to strengthen Brazil’e|the question. In one case the True for a large company the | marked milk production expan-| But the big break Vern was for was really fashioned — “he EXCELSIOR LIFE economy and to restore imter-| brief and in the other a release fine wasn't a very large one but| sion in this province for the | bit of adversity, that must have tough to take at the ’ pnt: ae national confidence, the letter in the form of an advertisement at least it does serve as a warn-| months of March and April by a He had been by the Kansas City Athletics in the henetemeedieay stew 4 says 7 | endeavoured to set out what the ing to others who might also, Next Monday Farm R adio(all of 1962 and he misfortune to cut a finger on his , , Two large public share offer-| position is seen to be have an elastic conseience. Forum will direct attention to|pitching hand, just befotespring training opened in 1963. That * ings were announced | ~The decision: of course, rests: RURAL INCOME “The Claims of Age.” It is quite no pitching practice, though he absorbed all of the other jwith the members of the Legis-, Thirteen percent of the popu- | an fact that the con-itgaining and instructio nthat was available. x _ [lature and there is considerable lation in England are engaged in science of society has been 7 i . Doh eee ‘ |uncertainty as to what may agriculture and receive 13 per awakened to a considerable ex-| . eventually happen. cent of the national income: | font in recent years in reaper (Wern R Big Came |_ The other matter is that of _ Twenty percent of the popula- to the situation of older people. : e Federal Policy on support for the tion in Denmark constitute the In a-rural society every gen- | ME WAS coat et yore OL ee dairy industry. The industry it- rural population and receive 18! eration has a contribution to C. club at the time. But Vern’s lucky day ) when a self has asked fora level of $3.50 | per cent of the national income; make and is given the oppor- MAA ee cams See, Tee ee : per hundredweight on manu- | in Canada, 12 to 13 per cent of tunity of doing so. In an indus-|game, and Vern’s manager sent him the mound with s dap = / facturing milk and were encour-| the population is engaged in| trial urban society this isn’t the [om the back and a “Go get ‘em kid” : e aged that this request. might be @&riculture and receive only 6 to case. Children don’t have the op- | It that Vern was in rare form for that one and received favourably based on re-| 7 per cent of the national in- portunity of ‘being useful as is| he set “Triple A” club down with only six hits while his S money any ovpject to fenes trom Otiawa which seem ome te caue on he fart and der | mates were becking hon solidly with splendid performance to indicate that important Besides substantial subsidies, | people are not welcome in most.|and the Charlottetown boy turned in a neat 8 to 1 victory Verz se . changes are in the wind. The the United States sets aside employment. So it seems quite six strikeouts and the AAA club had at least five men ol e e really important change that the | per cent of their national budget| in order that Farm Forum should league calibre. = 6 © ae Sea For read ~ |__| to be used for agriculture. Fin-| be taking a look at such ques- who are not baseball fans, = SS a man interested in features, | Sree Oe ao an ees EE eee ae 9 France, England and West Ger-| 1. How can older people be ithe major leagues. ’ < RHEUMATIC PAIN many budget 8 per cent of their! helped to achieve a happy, well-| | Manager Ed Lopat, former Yeakes pitching great, signed | | Rational income for agriculture.| adjusted retirement? the husky y > Do Kong Sot selie) Wome ths epee The federal treasury sets aside; 2° Who should be responsible gue i at pain? | for Canadian agriculture an| for the well-being of the aging

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> | peine Bendiene you ony tenem. Try! Cost Of Li i | dependability? SPSS) Moved. Upward

amount somewhat under 3 per | family?

Makis.coonm, $1.25, ames By STEWART MaclZOD me OTTAWA (CP) — Canadian a ts Foteuaty pede an a consumer price index to 137.2, : compared’ with 136.9 2 month as : ° Week-End Specials fit tes uz x20 me oon ' ' seven main components in the re § ot: index, only

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crease. MARMALADE ....39¢ f2z-"""= 137.2 with 134.5 « year

¢e0e0 x ened ae tee a ae in December, compared

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