rsacr; TEN

,,f HE GUARDIAN. UHARLOTTETOWN

JANUARY 15, 1954

Minimum Charge For Any Central Guardian Locals 5c per

word;

per word: List: of Subscriptions, Presentation, 51.00.

The advertiser agrees that the p damages arisinr; out of errors amount paid for the space actual the advertisement in which the

Advertising Rates Payable In Advance

Locals 4c per worrl; Announcements and Coming Events 5c per Classified 3c per word; In Memoriam Notices inch: Lists of Floral and Spiritual Offerings. Cards. etc., 5c per name; Letters of Condolence 84c per merits, 40 iiC-I'll.) for 51.00 and 10 cents for words; Notices of Thanks and Appreciation. 84c per inch or 5c

Other Rates On Application. error is due to the negligence of its servants or otherwise. and

there shall be no liability for non-insertion of any advertisement beyond the amount paid for such advertisement.

Advertisement 25 Cents. word; Western and Eastern

84c per

inch; Wedding Engage- every additional 3

84 cents per inch; Address and

ublisher shall not be liable for in advertisements beyond the ly occupied by that portion of error occurred, whether such

ig.:.r.." Wfiiittldi: l

" re'nEiE-iieTiiNvEin”eii”

Produce

MONTREAL. (GP) - Federal de- partment ed agriculture quotations:

Eggs: I-Tee cases. extra large 40-4i; large 39-40; medium 36: small 34; B 34; C 31. Receipts 283 cases

Butter; Wholesale 011.2; ourrerit receipts Que oi; first grade cream- er prints job price 62'-1.--83, Re- ce pt.s nil.

Cmcese: Ontario white 34I,5; co!- ored 34-.4; f.o.b. factory. Que white 33);: Que colored 34; f.o.b. Mon- treal; wholesale Ontario white 35".-; colc-red 35'-.-; wholesale Que white .".4”i; colored 35. Receipts nil.

No. 1 potatoes small wholesale lots Que. 75s .85-.90: N. B. we .16-.18: N. B. 505 .68-.70: 75s 1.00-1.05; P. E. 1. 755 1.00-l.l0:l P. E 1. 10s .16-.18; P. E. 1. 505! .68-.72. l

N. B, loct 2.323.

BRAIN

WI-NNIFDG, (OP) - Good com- mercial demand sent flux prices higher today on Winnipq groin ex- change. other press were steady reflecting U. 3. trends.

Clue two durum wheat prices were unchanged; other top grades of clam two, IWA and domestic wheat were up one-eighth cent

Closing prices:

Oats: May 'I3V.: July Ul4A; Oct. 0'l3.lA.

Barley: May 9495; Oot. 02. -

July 92'.iA'

Rye: May 1.0415; July 1.03; Oct. 1

1.08083. Flax: May 2.0474; July 2.881963:

Montregstocks

........k..- Ce ,,.L., :.L....:7s.l

AGGRESSIVE SALl'IS)lE.V WITlljti'AN'l'ED AT ONCE, HOUSl-l- I car. Make big nioiiey DY W0l”1iiIllll keeper. Apply Stewart Ramsay, Abit: 13 7'3 a Familcx dealership full or pitilli T3 no Valle). Ashes time. You'll be in business or '1" ',T ":'.'Tf""f.'.'"Tfl"l i '-T4 Bath A ,Vour'sell and :c;ii.zn tremeiidousl11::1:?;:TPh::E:::3L (,M!?Sjl: MrCrNTR-EAL, tCl:Dl-m The U. S- mu 40 profit. We oifer you a large var-I A Simmonds 09 Cnslwood , dollar closed Thursday at a dis- Bram 7 3-4 iety of cosmetics, daily nccessities.' j ' lcoum of 23-32 per cent in terms 3 A Oil 21 farm pmdm-15, gm why norl v :7; mp "prof Canadian funds. unchanged. It 3 C Pow 18 write for details": Faniilex. 1600) w A 5- T 1.; D .. 1MM;.;n1ATELy-,1 1001! 9'1 9-32 05111-9 C3n0d1811 10 W) C Cem Delorimier. DGDL 13- M"m1931- !lll7LlSPm3ldS at Netherwood Sch-aoll51 Am"1”"' Rmnd 5”'””1g 5213 C Brew 2” 1'4

-' "rvr" ' '1, for Girls Uniforms provided 11'2 dcrlll” 11'6" C C3? 18 1'2

ltAu'LEl(iH l)lI.iLl:lR iilitll-laslill; , " , .- , 1 w-------- 0.1 233-4

, ,. . Easter l'iOlldh)S Vlllh pay. Applv, C .

SFCCESSOR 115x Hf) R- l)":'l Matron, Nethsrwood Rothesav 1 ' IC P R . 221,4; Leo Iiiclrxzizs wiin sci. aw eigt , ' ' ', C smelt 23 .- Products with success around-I Ix” B . A ED SSH H 28 1-2 St. Peters Buy (l1f(l recently. Re-, --rm D Bridge 72 1-2 liable rii:i:i wanted imrriediatciy f-'j . D T”. 1 3-4 to ...ii. l::ii','leich Pro-; -V W; ""5;--' ,-; on-pr ;-rsi,l:y. 13)" T115 Callililla" P3955, ' D Tex 5 3-4 ducts ,3. ,1, 1;” Mn "1 mp lomlms, l,0s'l pol-l Till CK IN VIL N V Toronto: -Il1GUStl'lEl5 slightly D Tex 6 34 Splendid izppoi-tuiiriy inr ti good, "I 1O””””," R9” We 5"” 11'g- 11181161” 011 mlxel-'1 m3T1il31- Dow 20 man, Apiply to M; w c, Lewlsri :lI'nl91i11 111f1:0VaE.p91Ini-OIL; fgvfontreal: Industrials and papers Fndm 12 St. Peters Bay. P E 1-. or Rail” '. Losr - Two KEYS ON ruse. 0 - , . . . Fraser .. 15 3-8 151311 PT0C111C'--"i -'1'”170"3'-7- M'011'l between Currie Building and New &0rk' Market hlghen muy G Stl Wares 100

pieal H V 7 i 77" Pm.-don Building. Finder is-aw-l”115 510113-Vzwii W W How Smith 20

-1 Nisvan HAD ii so (;00Ii!".'"f 5;':"”-5 f'l"”1l”j'i;w,k mtg (-AMA-1. you 1,; 000 H110 133,-V Pnl.l1llSFF llalnh Hue"-'l.rin!l, uiin mm, p 0,; sum” S.mEm..l 7 . H - limp Oil E 7-8 ”-'W1 "W W”” 1335” 1l”””-1" Sumimerslde, ladies gold wriszl WASHINGTON, tAPi Jriie U.b imp T3; 3-, 3-4 M5 11”: :0 110375 dlsmbuum, watch. Finder please Phone 8032,l!.rrny issued a draft call Wednes-1:1”: 5'4 1.3 Paula Products. Hundreds nowi summerside day for 18000 mm in Mumh. The-1:! P;-V M

(I - 1 ' l ,. 4., ,,rL.,, WW4, ,,. , .,,,-, WA. '. -, l l '13- Ci:1.1..aei?.Tq1 LOST-BETWEEN CHARLOTTE- Mla”.”1l'q,l'M 15 111: d53”;efl;e;1f3:-r.ake Wds 29 1- lictirivv Tras i town and Bonshaw 1 bundle of prevmhsy ””"O””" m t" Masiev '7 3'4 t ' c . it , . . ' . . . , nry, whs-ii the selective service Cillllvlccoli 33 1.4 mes, Toilet. door finish. Finder kindly notify was rmuced from um 23 000 1eve1IA 25 34 . in eszab-1 laarl Lord, Victoria, P. E, I mainmmed Since last Juhj N Stl Car 61 1-2 lished llEl3lll20ill'iZC:Cd Patilcr , Phone R 4-2. V A -- igtoirciznda 31 1 2 Route Ellen or wrnicii. full or - ”T”:TT?T' ' part-time, Write ior details of Mlscellaiieolls ”dTo PQ119 P-01” r "My lleipina llniirl Oiir-r”. Mr. G. p ."'Ri'.;k';I:RxxSl,TEE'l)i'f-fl Fm. APARCTMEN1, inn RENE ”v.;:;.nLrrxnxnCp 39 34 Lauriri, 21 St luitrl Ft. East, 'M(lll- .-- m.7..... mg mom bedroom kitchen and swag 19 L2 WML A1 bath hmted zrourid floor Own - ' ' ' Un S-teel 12 1'2 4 "LL ":'m"-'-””T:?TT'" ' P 0. Box 175. CHECK Cm”,-5 comm Now; entranm Armli - lwanm 5i - -'::TT':'"T”T1-1:" 1 Agents Wa"""'"'a'e ;Y3.?..E.:”.".i.'2. 53:. ".02. ".2 Typewriters 5

('I-JT rirarz.-sthriii-:,(7.x ”3i.si'i:r:- children with slubbom 108611111, "" """" 5-”"ls . .up to 3150': lit a rr-.x-E You mn1 cough. snrc, raw throat. Pleasant Sill-JV TH-ii NEW 1 ..VIllH.T0.N1,vm 30 l-2 can turn lull .ll”l sr.-w l.me mm , in taste, will not upset stomnch-- Quiet-Ritrr -exclusive feature-glrxr scntist .. 42 3-4 cash. niariy nlnkiliz l"i”.'Tl'O on thel sate-quick-acting for adults, too. sensational. pclriortnigncf. KS3 Tor . side than in regular robs - tair-l Proven over 40 yeM5- Afk 101 m0nlh1.i.1bpeci: s uRen Halters; (J min 33 mg orders for nude-to-rneasui'c ”Siin'KWEn n0W- liukhef. 3451' 0" 1'9"” mac "less em ng). ! cam 38 3 4 clothes, Free kit carries huge as-l din Bros, and Cantwells Dru: g;.;;d' 104 Kent 51”?51- 13 iRUY31 ' scrtmcnt cf all ncol fabrics-new: Stores. C11ET1011910Wn3' -13m1e' ' ! C m low pr'ic-as--c:mo1e:e instructions. 501115. SM0nl13ZUE1KW3;lghL.s. AllEEl'- V ? i III! In and Easy ii 15' Ln rzci a dc.:rion- 1011? 91T1l39'5. 911511! 0113 '11" 5:;-agmn 51;;t ,m',.;c 5-rim; ,1 cinch, man Drugpsummerside; and 3A1 Wanted jfp C incl Sample kits l.mi:Ld - v.rite at: 80011 d1'UE815'-5- W A N T E D - WOOD SLEIIGH.-C P30 - 69 3'; once giving your age and presenfl .. 1L Pope Thome, West. Royalty. 1179” ' oscupati-an. First come --- flrstl mt"-m-m"'mTTTTTTT'

9,3911, 7;; .D::3,m:,,;f,:;?:,;'; 1" 1-91 w.?..i?.T.”2..T....”.9"5lv.iI?”i;f.?iiT --..,,-.. . ,- ,,,L -m -.-zr-.u-A-mu-w. snv-cw -G."r:&a3-.....s------ New York Stocks l rooms and bath. Dial 8446. WANTEQ ... To nut", LARGE AI131'1111e1115 wanted '.lT0'I3:T':Tw'0 UNFUm?;fs”H-Eff)! quantity standing lumber. Apply p .....

;;ggfTE, rooms. heated. Second floor. Ap-1 J3” 3jLEE5'113lL ,g w” A Am Car and Ni-y i-2

' i 7 Si . . . piv 091 Kent st. iwarwrrvzn - TO B 'r A CHEAP Beui Steel ,5-8 Tamed Wmm -9” -m"11 11'1" - - . ... .e. .H-:.---- -V b -m- 1 1 write Box 216 Chas and onto .i-4 ishcd lreriirrl zip: mv . or mi,-iron R T-HEATED 1-'r.a'r ox "1 .39 ”' ' Cons EM 3.. rage. for three m-.i..i.. year ill ;,vrriun(l floor, occupancy 20th Gum la” Gen men i 3.4 suitable. Ore-n,.rtinri Aiay 1st. January. Dial 8865. ork w "ted Gen Mm 1.4, Moderate rent. Mrss R,eynolds,.--- v;--r'- m--?':-", a ' ”

4 Oldfield Avenue, Apartment 9,l T RE”-P '- "EATED' PARTL1 -msm----m--'--'-m"'m";'G gt N Roygtpr i i f."'"l'””” as "'”i".'.” - "0r';,'r.r:.0.".r.' ..:i.;'.;'f., ,, .. LA? L7A-.-..LqL. eep cg. ince rec . any. Y young 3 '. - - ' ' 1,- .,.-,. N Y central . :7-8 Barriers Accnmmnilaterl nncrioucgm -71-;

ivaxriziii-' J1.-ti.lim1l6AitDi)'Eit”5'.. 3,” 5.3 .D;a1.6r3s3-.-,.s-.....,,,,.--- u - num- nonrmrzns Accomronaraii. - I U S SW31 -- 5'3 200 Prince 1 Vanadium 3-4 rm - V ---r -. H 1 N d - 0' West Un Tel 1-2

01! 1i00.llltR5- DIM-l GW CH PTDQTCSSIVO OI COITIPCIIY I'9' wuunghu 1-4

BOARDERS A(,'('())l)l0i)ATED Phone 3580. 1 BOARDERS OR SHORT COIVRSFX students acconimodntcd. 88 Ger- nlrl Street. Dial 4689. 1 Chicks i PULLETS FOR PRODFCTION 1 broilers for weight. That's whatl you need and not in Brajv. Chislts. Agent rirzht hrre will answer your qiirsiizrs .'vll prices and delivrrjv. 25 yerirs Approval- behlnd them. Pullers. cr:ckerels,i mixed, and maybe some startedl Chas. E. Worth. Elm Ave and Chestnut sir:-rt. ('liarlottetnwn:1 .1. E-,penr:rr' llll'IllPF. Enrerrrlrl. Chas. S. xiii.-Kw. Kciisiriiztoii, Rabi, .l Shaw. Biocnifield.

cars & Trucks F530?

"ma sATn': r)A3iX?;i.iTin.'.ti, M7rr'tin's Gar-, I

.l-I -- 1952 PONTIAC four dunr scrlnn, .--,'ieciaI De Lux, .m:ierc'air:'l. rnrlin. low mileage. Phone 3387. Siiin:ner'sicle.

g "For sale

Hi I-'Fld'll FOB. .HAl,E. 29 l)t)l:G- las Sirent.

FOR

SALE - THREE PIECE Chesterfield Sultc, in good condi- tion. Dial 3581.

FOR. SALE" - A QIXLVTITY OF sows, one to three months from inrrowing. Ft-nner Stewart, Eracklcy.

ron SALE - BLOOD Miutf. 3'i years nlri. Sirr-ti by Jollity. Also cow to freshen March 1st,. Louis Costello. Ennrhaw.

FOR SALE -. PORTABLE BOT- ary saw. 12 foot carriage. in- serted raw. 3150.00. 2 H. P. elec- tric motor. 69 Nor-thumbcrlanti street. summer-side.

FOR, SALE .- Two (Ml: HEAT- erl, also 1 pair dual wheel truck chains slightly used, Doyle's Ser- Eice station. Grafton street

ast.

D.-iiaITli'eliI"Wiit?tt'""

A....................- WAN!!!) - MAN 'ro WORK ON farm. .1. M. Bell. Milton.

WANTED -. IIAN FOB FAIII -veil. liver-sit Reeves. nnenid.

wasnn .. mono Manna man for farm work. steady em- ployment. Home i-ovtdoii. Ap- mpgn, wimp Y ole Oun-

quires distributor for

roleum products in Charlottetown urea. WRITE "TR" GUARDIAN L

complete line of per-

1

W rite:-

Quickies

l WANTED

TRAVELLER FOR PRINCE EDWARD ISLAND 1

Good working conditions. All Correspondence kept confidential.

BOX 214 cm GUARDIAN OFFICE

By Ken Reynolds

" . . after sowig want Ads-it just grow: and grows and grows!

- -'-.2 1 get in the" Guardian

000 Gena-em I 1-: 1540 Ohambln 10 3450 Chart Oil 145

610 Oi-ieokirk ti 1-8 3300 Chestvle 84 1-2 1700 Chib Ex . 50

42000 Ohimo . 140 2000 Cit Lar . '1 1350 Cobalt . 180

500 Ooldstrn . 05 1-2

100 Ccm Pets . 885 2500 C Allenb . 23 1000 Con Cad . 0 1100 C Diacnv . 200

101000 Con 1-low . 32 2003 Con Met . 10 2000 Crowahore . B 1-2 0500 Deragon . 12 - 10000 Deldona. . 38 9400 Del Rio . , 174 1200 Detta . 10 1-2

300 Dev Led . 100 300 Dome . . 15 W0 Dome Ex . 455 0030 Donalda 54 2000 Duvexr 24

34250 Dyna 77 0600 East Mal 2-15 1600 East Rim 86

i025 Bast Sui .. 01.400 East Met

2000 Man East , 12700 Marbenor

The Annual Meeting of Shareholders The Royal Bank of Canada

Canadian Export Trade. Domestic Living Standard. Endangered by "Hiyi Cost Costs must he Coin- pot-itive with Foreign Producers. Says President

Flexibility needed to meet new conditions. "Time ripe for dollar countries to show good faith by reducing trade barriers and red tape as aid to Britain in making pound convertible."

Economy".

The tendency to become a high-

2000 Elder 43 9903 5211 Glac . 33 10500 Estella 20 1-2 500 Eureka 57 1"-1 690 Falcbdge 15 1-2 3800 Fargo . .. 198 25700, Fed Kirk 12 16050 Fciiimore 60 ll35 Probiaher 500 1500 Gaivwin 30 mo Gas Exp 74 100 G Pete 535 135 do A 525 117000 Geneva 9 3'4 730 Gian; Yk 310 7000 Glcnora 3 3'4 46085 Gods Lk .. 99 17700 Goldale 35 500 Goldcst 10 1-4 1500 Gold Eag .. 9 3600 G F Urnii 46 1000 Gold Man .. l55 500 Goihanvk 5 1000 Goldora 4 3'4 17500 Gr-ah Bous 43 i200 Grandlne . 16 400 G Plalna 810 200 Gridoil . 070 500 Gulf Ld .. 10 16454 Gunna-r 10 sooo Gwlllim 9 7-8 200 I-lolllnger . 12 1-8 (68 Home on . we 3000 HNH Yk .. . 21 203 I-lrud Bay 33 1-- 3500 Hugh Pam 51 1000 Hy Charg 10 3200 lnsrpii-at 220 720 Int Nickel 35 5'3 10500 Jacknife 9 1-2 500 Jeculet 10 300 Jasper 345 3600 Jet Oil 22 162800 Joburlte 1'2 2000 Juliet 8000 Jonsmith 7000 Jupiter moo Kayrand 6 1-2 303 Kenwell sooo Keyboy 13 1-2 3100 Keymet '10 600 Kirk I-lud 35 500 Kirk Lke 45 moo Klondike 14 1-2 7000 Kristina 35 4800 Kroy Oil .. 250 labi-ador 5600 L Dudault . 63 5750 Lit Ling . 13 1'3 20 Li! Shore 1500 L Wasa . 23 200 Lemnq 25800 Laiidov 12 1500 Lnvalle . 5 1-2 500 Leltch 1 55 1.300 Lexlndin . 10 30183 L L La: . 34 4000 Lomega 4 1'2 362525 Lorado 39 3000 Louvct 13 1-4 aooo Lynx 9 2350 Maczs-:a 180 1700 Macdon 5 000 Maoite . 500 Mackeno 900 Macleod 000 Madden 5000 Magnet 30:) Malartic

, holders of The

cost economy in which natural and artificial barriers prevent Canada from achiovelng the degree of flexibility and mobility required for orderly adjustment vms the from urhievinrg the degree of James Muir, President, at the Annual General Meeting of share- Royal Bank of Canada. Increased flexibility is needed, he maintained, if Canaclp is to make those price ad-Jiutments necessary to maintain stability and prosperity at home, and in-

sure a competitive position in world markets. Canada. he de- clared, eliould also further in

every possible way the movement towards a world of liberallned trade and convertible currencies.

"A thriving export trade." said Mr. Muir. "is :i means not only of

'paying for imports. but of secur-

ing, through quantitvproduction. lower costs for Canadian goods whether these are expected or consumed at home. .Canada. can hope to maintain her standard of living only if she keeps her costs completely competitive with those of producers abroad.

High Cost Economy

"Costs and prices in the Can-

'1 ndian economy tended to be in-

sulated in two ways: first. there are business taxes, sales taxes, ex- cise taxes and customs duties which, because they are largely at the manufacturer's level. are em- bedded in the cost base. Second, there are certain "invisible insul- ators". whose exictcrzce is none the less evident. which make some Canadian prices even higher rela- tive to foreign prices than the dis- parity warranted by taxes. duty, and costs of transport. For ex- ample. R. certain British book that retails in the United Kingdom for 285. (or at the current rate of ex- change 33.92) sells for 35.00 iii New York and 37.50 in Toronto. A certain piece of British manufac- tured equlpment retailing at fit in the United Kingdom (the equiv- alent of about 3112 Canadian) brings 3219 in the United States and 3275 in Montreal. An Ameri- can-mtide article of household equipment sells for 377.50 in New England; but the price of the same, article in Montreal is 314900.

Money Market Needed

"We must not ignore the fact that the attitude of our govern- ment is generally one that favors freedom of international trade and exchange. Pressure for special treatment, even when backed by evident hardship on the part of some producer groups. has been met by clearly moderate concea- aiona. Moreover. as I have already said. our monetary authority has ad-opted a policy appropriate to a nation that must maintain a oom-

I

General Manager Reports Assets 0ver 52.0 Billions

T. H. Atkin.-.on, General Man- ager. in reviewing the bank's 1953 report. stated that total assets n! The Royal Bank of Canada have now reached the imposing total of 52.806.050.189. This. he said. was s new high mark in Canadian banking history, and la the high- est ever reported by any Canadian batik. -

Deposits likewise had reached record totals. told Mr. Atkinson. They now stand at s2,704.644,o'rs, an increase of 010730.800 over the previous year. ”It is encouraging to note," said Mr. Atkinson, "that Canadians generally continue to aave it. reasonable proportion of their uicomes. The increase in deposits of the bank has been ac- companied by the expansion lnthe number of accounts on our books. We now oonduct over 2.350.000 ac. counts. and it is of interest to note that the number of deposit accounts in Canada has more than doubled since 1940.

Mr. Atkinson reported profits for the year had increased 31,506,051 over the previous year. After pro- viding for taxes, depreciation and dividends. the net profits for the year amounted to 38.88.5130. Tire bank's Reserve Fund now stands at 370,000,000. This, the President noted, was for the first time in the bank's histcry. equivalent to twice the bank's Paid-up Capital. This year's increase in this fund. he said, had resulted from the trans- fer to it of not only a part of the year's earnings but also of 512,000.- 000 from the bank's reserves for contingencies.

The bank's programme or branch improvement iontlnued during the year. Construction of a new build- ing to house its Calgary business was commenced. and a new build- ing for its Hamilton Bran-ch will be il2id61”Nay sliartly. 6 new branches and 4 rub braiiches were opened in Canada, and 3 branches and 4 sub-branches were opened abroag, bringing the totsl number of branches up to 793. of which 70 are in the foreign iield.

Royal Bank Abroad

Mr. Atkinson dwelt on the grow- ing number of the bank's branches abroad, especially in the west Indies and British Guiana. The back now operates 66 full-time and 4 subsidiary branches abroad, and now has under consideration the opening of two additional or- fices in the Caribbean area.

”Naturnlly the volume of our business abroad fluctuates with the trend of conditions in the many countries where we operate. From time to time exchange re- strictions imposed in certain coun- tries delay r-emtttances but, on the whole, over the long period your bank has operated abroad, n satis- factory solution has always been iound to such temporary prob- lems. and the contribution made to the overall earnings of the bank by the foreign division has Always been worth while. It is, therefore, gratifying that I am in a. position to report that profitwile and ill other respects results have been excellent from our overseas divis-

GOOD PRESS ABROAD INCOUIAGES COMPLACENCY

"The means to our Itabllltv and prosperity involve an in- creasingly mature attitude on our own part towards our fut- ure role in the society or us- tions. The amiable charge com- monly levelled by critics at home and abroad that, as a nation. Canadians tend to be unduly conventional and com- placent is not without founda- tion. These characteristics may actually be further encouraged by the good press we continue to get abroad. Yet nothing oould be more dangerous than the bland assumption that. as a people we are impressing the world with the superiority of our character and accomplish- menrts.

More correctly, perhaps. our situation is akin to that of an heiress who can never be sure that she is admirel for herself and not merely for her wealth. our great wealth of natural re- sources is an inheritance which, like an indivldual's inheritance, is evidence of good fortune rather than talent. We have still to prove that we can make the most of these natural re- sources in building a great nation.