i . '0 mos

The Guardian Agents Vfsntsl

Classified Ads

Monday, Feb. 21. 1055. llais Ilolp Wanted

SIRS. P. B. A NEW REPRESEN- tative earned 88000 last week in less than 20 hours of work. You can do the same wherever you are. Writs Doraldlna Cosmetics Company. 576 St. Catherine East. Dept. 7, Montreal.

CAN PLACE RELIABLE MEN or women interested in earning 82.00 (or more) hourly distribut- tng D0 Foods. Home and Farm Necessities in established neigh- bourhood routes on full or part- time basis. Permanent. No lay- offs. Experience unnecessary. For immediate appointment de- tails write Mr. G. Laurln. 21 St. Paul St. E.. Montreal.

Isrders Accomnmiatati

IOARDERS WANTED. nonfi cooking. Dial 5498.

We nosaonzrts can iii: no-

commodated at 233 Grafton St. cars and Trucks For Sale

USED CARS AND TRUCKS -

I001 STUDEBAKER SEDAN. with radio. heater. powerful V-ll motor. 19000 mileage. One owner. at only 250.00

100! Va TON FORD PICKUP. in good condition. overhauled

H60 CHEVROLET COACH. equip- ' with custom radio, new

as (seat covers). a snappy cadet blue body 81075.00

STEWART MOTORS LIMITED

It. George St. Dial

CAR BUYERS

Kids can't fall out. 1951 PLYMOUTH COACH

Gh'town MM

1'. R. McLAINE LTD. Malpeque Road Dial 7358-9

WANTED - SINGLE MAN To work on dairy farm. year round employment. Write Box 148. Guardian.

LOOKING FOR A GOOD JOB? WITH TRAVEL

' ADVENTURE

GOOD PAY

Then go places with the Navy. The Royal Canadian Navy of ”ers the opportunity to visit new places. see new things, and serve your coun- try while you do it. You can earn good wages while you learn a good trade. Age lim- its: 17 to 25 (29 with cer- tain trade qualifications). Education: Grade 8 or bet- ter. See or write your Naval Recruitingg Officer today at

H. M. C. 5.

Queen Charlotte Kent Street Phone 49 I 3

Charlottetown

ELECTROLUX DEALER - SYD- aey J. Jeffrey. Phone 7030.

RADIO SERVICE. JACKIE Doyle. Dial 4305.

ANYONE HAVING FURNITURE at Came 'I Upholstery Shop. please call for same by Febru- ary 28th. '

U.S. Steel

CLEVELAND (AP)-'I'he steel market is showing a healthy pickup, with demand fanning out from light, flat-rolled products to other forms, such as plates. bars.

pipe and wire. reporting this

Tslovision

TELEVISION. RADIO AND EL- ectr ' are all expanding fast. Trained men receive excellent pay in TV Repairs, Broadcast- ing. Communications, Govern- ment departments. Research Labs. and Radio Servicing. We can train you - by home study

steel magazine. today. said the increased scope of demand shows that business is strengthening on a widening front.

Some of the pickup is seasonal. but the magazine said that, too. is a healthy; condition. Much of the

than the week before. It was the fifth week of recovery from the breaks

two hard that knocked Erices down early in January. QUALS ALL-TIME IIIGII

The Associated Press nvern e of so stocks closed the week at 0 50.00 a net gain of 1) cents. That clos- ing figure is equal to the all-time high reached Tuesday. The market broke through the old all-time high. established in week.

The five moatpctive issues on the New York stock exchange were I-iupp Corp. up its at W: on 306.w0

MARKETS and FINANCE

shares; Baldwin-Lima-lmniiton up 196 at me: Chance Vought an 3ieI":i.”':'"J..'”m.'"ii.' -hf: . es . off it at rm. 1 Canadian issues closed the week higher with Dome mines leading the rise. u 1 at mt. Canadian Pacific nn Hiram Walker each added it and international Nickel gained ls. Distillers ssegram sup-

l929. the previous pug ac

Lake Shore added it on the Am- erican stock exchange and Royalite Oil was off V4.

- front construction. a big consumer of lnies.

Steelmeking. responding to the increasing demand. went up a half point last week to 88.5 per cent of rated npacity production or 2.135,- 750 net tons. That yield is the larg- Iest since October, 1953.

or in night or day classes. No experience needed. Please write today. give age and last grade of high school and get 40 page TV Booklet by return. Radio College of Canada. 88 Baihurst

St.. Toronto. Ont. Est'd. 25 years.

Bank Of Can

I OTTAWA. (CP)- The Bank of " ” its inter-

preceding week.

N. Y. Stocks

NEW YORK IAPI-The stock market went through a nervous and erratic series of sessions last week. but staged a whirlwind fin- ish at the highest levels in his history.

Prices were at the mercy of speculators and tlpsiers at times. Rumors in many cases had more weight in determining prices than earnings or dividends.

Gloomy price declines in London even had a big hand in determin- ing the course of the stock market

WANTED - oooiToArs."'Psv'. ing .70 bus. McGowans Limlted.I Kilmuir.

WEIGHT LISTING EQUIPMENT. If you have bar-bells you aren't using. members of the Char- lottetown Y. M. C. A.. would ap- preciate their loan. or consider purchase. Please write or phone 3425.

BLAZE DESTROYS MILL PETERBOROUGH. Ont. iCPl- Fire Wdenesday destroyed the Lorne T. Hoy lumber mill, causing loss estimated at 320,000. Cause of the fire was believed either a spark from the diesel engine or from in New York. friction caused by sawing hard- But when the final bell rang Fri- wood, fire department officials said. day. the stock market was higher

WE NEED JUNK

MAURICE I3-LOCK & COMPANY 158 Kent Street Charlottetown

We are paying for scrap iron and steel. 510.00 per ton (2,000 lbs.), scrap car batteries fii1.25 each.

Fast ready cash for any quantities of good scrap materials. Beer Bottles, Hides, Etc.

For sale-3 and 4 inch boiler tubing at 30c and 40c per foot.

SPENCER SUPPORTS INDIVI- dualiy designed. helps back- aches and figure trouble. Mrs. Repson. Phone 9988.

TUTORING - STUDENTS WISH- ing tutorial work in English Composition, Easay's. Short Stories and Journalism. write Box C. B. Guardian.

FOR SALE

Iy Public Auction at Johnston Motors Ltd. in Murray River in Prince Edward Island on the 18th day of February 1955 at 12 o'clock noon. One 1047 Dodge Sedan Ser- ial No. SWING. The above vehicle is being sold pursuant to a Con- ditional lales Agrc t made between Edgar J. Boudreault. Georgetown. P. E. island and Johnston Motors Ltd.. Murray River. P.E.f.. which said contract was duly assigned to Traders Fin- ance Corpo "n imite

For Sale

FOR SALE - BALED HAY.

James Maccallum. Bracltley

Point. gm W k FOR SALE - SOWS SRED T0 ferrow. Wendell Myers. Carle- ton.

Fort sans; - IN sumiifnstna.

7 room house. all modern con- veniences. Phone evenings 7702.

I roll SALE-PIANO ACCORDION write Ken Hcmpshill; Dundas. Ho Svend Chrlsienson.

FOR SALE-SOW TO FARIIOW February 36th. from Il.0.P. dam. J. l. Colwill. Kingston.

ion SALE - OR TRADE FOR c tile. One Electric Light Plant.

Volt. Apply Ivan Steele. Gas- pereaux. g in A gu

FOIISALE-REGISTERED English Yorkshire Boer. 1 years old. Howard Tweedy. Earns- cliffs.

.Fosuio Help Wanted -

Flinrnn - wsrrinss. APPLY in person to Island onu.

part time plain cooking. Queen Hotel. Summerside.

Apply

sparotime. Easy. Profitable. Fran Details. A. h B. Enter- prises. Fort Smith. Arkansas.

PASTRY COOK Assistant pastry cook re- quired at the Prince Edward Inland Hospital. - A 0 Apply--'

OANTED - WOMAN COOK FOB

Tnw ova READY-CUT APIIONS

ED'S AUTO BODY OPENING for business. Next door to Cas- ford's plumbing and heating on Queen Street. Any one wants work done we'll be glad to get their service. All work guar- anteed.

REMEDIAL TEAClIlN0-F0llM- or teacher. first class lidenu. with interest in primary and junior students. will do remedial teaching in reading and lang- uage. Will work with youngsters in home k e. Finger painting and correlative arts included. Write Guardian Box L.

STENOGRAPHER WANTED

Ne have an opening for an experienced stenographer in our head office in Summerside. This will be a pennan- ent position for the right person. Your application should be in your own handwriting and should state your age, education, previous experience, two references and a phone number where you may be contacted to arrange for an in- terview.

ill SCHURMAN COMPANY LIMITED 0. Box 370, Summerside. P. E. I.

PROFESSIONAL CARDS

BARRISTERS. SOLICITORS. Etc. CHARTERED ACCOUNTANTS

. F. P.

GARDENERS

whether growing vegetable: for home use or commercial pur- poses, we believe it will pay you to get our

NEW 1055 SEED CATALOG We specialize in outstanding var- ieties. Write today for free cats- log and see for yourself.

ARTHUR VESEY. York. P. I. I.

FRIZZELL'S SERVICE STATION

Th i s week's special - Wash. grease, cleaner and Slmonizs - 37.00; A. C. spark plugs (-15c each. For pick up and delivery of cars. Dial 4637-

Bell, Matheson & Foster Chas. R. McQuaid, B.A. I50 ltlchmond St. I50 W L J st. mu 3911 1. Elmer Blanchard, B.A. OPTOMETRISTS

III Queen St. Phone 4281

m Gi " H"'”'"”"'' '' 5”"

F. G. IIUTCIIESON. 3.0.

Bank of Commerce Bldg. 53 Grguon gt, pm gag Allison M. Glllis. LL.B. .1. A. Carruthors. E0. ll) Richmond st. Dial 4747 in Kent St. Dial 501!

to chartered

waIItQd . ' Steel I X price . ” Canada 1: I 5' ' h d slecl n ed t ll7.l1 est ra a on osns '5 N T I D "' ALE 30'”LE5- znnet ton last wenkfylut .thc com- banks to Wiper cent from two per Pin” 01' 'l"""- DI” 5595 posite on steelmelring grades of cent. JlChl91 3l"07-9; 0 scrap fell to 830.17 from 36.83 the The two-per-cent

interest rate had been maintained by the cen- tral banking agency since October 1950. it was the first drop in the rate in 11 years. .

The bank said it was making the reduction because of the general decline in yields on securities. The bank rate is the mlnirnum at which the central bank will lend for short periods to chartered banks and the money market on the security of treasury bills and short-term government bonds.

”Yields on these securities have declined materially over the past year and a half and the bank rate at the old level had ceased to bear a reasonable relationship to other short-term interest rates." the bank said in a statement. It added:

OTTAWA ICP) -Business should be allowed to deduct all legitimate expenses when computing ' ome tax. n Joint committee of the Ca- nadian institute of Chartered As- countanis and the Canadian Bar Association said today in a sub- mission io Finance Minister Harris and Revenue Minister McCann. At present. said the brief. many expenses necessary to the duct of business are not deductible. This meant actual income tax was often higher than the stated rates indi- cated.

Expenditures not now deductible included legal and other costs in carrying a successful a p p e a I against assessed taxes and costs of obtaining a loan of capital other than the interest paid.

Laird Watt of Montreal and Clem L. King of Toronto represented the chartered accounts and Henry F. White of Toronto and E. )3. Fair- banks of Montreal the bar associa- tion.

Changes were suggested in con- nection with tax appeals. CROWN SHOULD PAY

The delegation stated that it was

By The Canadian Press

The price of gold in Canadian funds jumped by 30 cents an ounce last week. Wheat increased by almost two cents a bushel. And the government made a neat 519.- 000.000 paper profit on its official reserves of United States dollars and gold.

These are just some of the im- pacts on the economy brought by the decline in the exchange value of the C -" dollar. The pre-

A. Wnlthen Gnudet, LL.B. Phillips Bldg. 111 Grafton St.

Palmer & Haslam

Byron J. Grant, 0.1). II Kent St. Dial uli

n. J-.-Mabon. n.o. Montague P. I

m J M''I”f;'.,:',:'o;o”:k” '' ”3.'i.:'. '5i.':'. fn....'..'.L 175 Grafton Street J. A. Mncfiulgnn a-" Currie Bldg. - Dial 0414 - Queen St. ,”I "Ill" sh ml. "33 ARCHITECT

G. E. Ms.cMilian, B.A., LLJI. us Richmond St. Dlni ma

MacPhee E Tralnor

G. Keith Picisard,

1!. Arch. M.lt.A.l.C.. Summe sine. P.E.I. Dial ms Charlottetown. by appointment Dial IJII

miunr on the dollar. which at one time in 1052 was about four cents, dropped Friday to 1 13-16 cents. down about one cent during the week and the lowest in almost a year.

For exporters it meant good news. In the stiff world light for markets they have been complain- ing that the high dollar premium has worked against them.

mroars AFFECTED

and work on smaller profits or

lose overseas markets to competing

U. S. exporters simply because of

a difference in the exchange value of the dollar.

The drop in the exchange value

may nlsoollncreale the competitive ,.

ATTENTION LUMBERMEN

18 In ch power chain saws, powered by the John- son Iron Horse engine for only 5165.00 at-

DOUGLAS BROS I JON LTD. 155 Kent Street

STAMPS

WASTEPAPEII? NOT WIIEN millions of collectors spend tens of millions yllrly for old stamps. Send me for a very

105 Glenn St. Dial 4232 McDONALD. CUBBIE U 00. Corrie Bldg. Charlottetown . Dial ms

H. R. DOANE 0 COMPANY 140 Great George St.. Charlottetown

Phone om - out p. o. 3.. 347 aa"i'ifUa J. oarumrr Palmer Electric Building

Gar-fetteiown 100 Fitzroy Street Dial sm

g inne---agneveuoroutzi

, ” exporters in the huge U. S. merltst. Exporters could reduce their falling prices without affecting their returns in Canadian funds.

But for the importer and to some extltlt the consumer. it may be a different story .The drop in the exchange value means the.im- porter must pay a little more for his goods. And if he cannot afford to absorb the increase he may in some cases pass it nlon to the consumer in the form o slightly higher prices.

MORE FOR GOLD MINES

The Canadian dollar has been riding above per ever since Feb- ruary rm. Since Canada's gold producers selling on the official market get paid on the basis of

funds. it

Canadian Dollar Decline Welcomed By Some People

ada Reduces

Interest Rates To Banks

"In the past the bank rate has been changed f f

of the bank's facilities. The growth in the breadth and scale of activ- ity in the short-term money mar- kct over the past two years has made it desirable that the bank rate 'be made more flexible and bear a closer though not fixed re- lation to other short-tenn interest rates.

”The present adjustment will help to make the bank rate a more significant factor in the money market and facilitate its more flexible use in the future as cir- cumstances may require.

"While the structure of short- term interest rates, including the bank rate, provides an index of ymonetary conditions. it does not

follow that every change in the bank rate or in the level of other short rates necessarily indicates a .change in general economic con- ditions."

Brief Urges Changes In Federal Income Tax Act

of paramount interest to all citi- zens that important questions of principle be decided by the Sn- preme Court of Canada. However. where a taxpayer succeeded in a tax appeal in the E chequer Court. the crown should bear the costs of the taxpayer in the Supreme Court if it desired to appeal.

The brief also asked that upon the death of a farmer or fisherman his beneficiaries "be not penal- ized” by forbidding the averaging of his income for a period of less than five years.

It recommended that the income Tax Act "should be amended to give effect to the original Inten- tion of Pmliement which was that taxpayers not be required to pay interest beyond one year because of failure of the department of na- tional revenue to assess the return within one year of filing."

Establishment of an appeal cedure for the Excise ex Act. similar to that provided for the income Tax Act. was urged and it was recommended that the term "sales price" be defined more ac- curstely.

pro-

Internationnl Wheat Agreement also has been expressed in U. S. currency terms and the exchange shift has increased the price in Canadian terms slightly, to Sl,74'ls a bushel for No. 1 Northern.

Up went the value of the gov- ernment's, officlnl reserves. too.

000000.000 in U. 8. dollars

to violent changes in the dny-to- day fluctuations in the Canadian dollar.

on paper the value in Canadian funds of those reserves increased by about 310000.000. it is only a paper profit because the govern-

ing all of its reserves at any one time.

Niw Contract For Ford Office Workers

Either they had to lighten belts wmnsol 0” ICPITA "9"-

contrnct beavoeen Ford of Canada

office workers of the cornpeny. was si ed Saturday.

he contract. if approved by a general membership meeting of the local Monday night. will run until June 1. 1956.

Terms of the contract are sim- ilar to that contract company and Local . the fac- tory local. after a 110-day strike which ended early this month.

The terms include s bests selnry Increase of 00.0! e month. com- pany-peid medical and hospital benefits. and tilt. freesin

esost cost-of-living nlowsnds nto basic pay rates. ,

Says Trained . 1 Teachers Short

the sofficiai price, 335 an ounce in Mgnmshg

DIEITHAN , interesting pain biet daellng revenue. The dr now is being -

- L . :'.:.F...r".:.2::.:.. -.--."t::....':. Tlsnlsh . . - I ,,H,”;.,,..yggy.....m..... hf: spAaeiei meeting 1: pg,

. I. an ouinas sot-my . .- STSNOGRAPHER 3-in-0 "I'M... - - me um um -'-1'-33.". 1 5 I I sntnous may no man ovns .2?.:t I:lo.:arn&"Rev. p w AN T i D Bell Telephone :h..:..3.:'..””m....', Patssnshls siri :.ssuseAsewsuuo't&dis:ta 0- - AA:i”h”'m' ""'.ma..'i'C an iron: (AP)--The BelfTeI- ' -..'1-"gag; I a-I-I-Ia-.tgAt,tIgI-r-rA- w'&"" m......""'

uently in Can- ada and little use has been made

. . Prof.

The government holds about 315 on gold used to cushion any tendency

mcnt has no intention of liquidat-

sgged by the "M

oftbog

it

01. I. To 5 nd CUT On Disabled

rnnnnmcrou (CP)--'i'he pro- vincial government intends to spend more than 0000.000 a year helping totally permanently disabled N. B. residents under terms of e bill introduced in the legislature Wednesday by Health Minister Dr. J. F. Mclnerney of Fredericton. An equal amount will be allotted by the federal govern- mcn. -

An estimated 1,500 persons will be eligible for monthly allowances not exceeding M0 under a federal- rovincinl agreement approved by Flemming cabinet in Decem- ber. At that time. it was thought the qualified number of N. B. sp- plicsnts would be about 1.110. the national average of the 10, prov- inces. but this figure baaislnce been scaiiad u wards. .

New Brunsw ck is the first prov- ince to conclude the agreement with Ottawa providing for the pay- ments.

Individual allowances are sub- ject to an eligibility test similar to that in effect under the Old Age Assistance Act.

Hospital Bed Capacity Climbs

.0'I"rAWA. (CP)-Canada's hos- pital bed capacity reached a high of 151,000 at the end of 1953. but the expansion, failed to keep pace with population growth.

The increase of about 6,000 beds during the year left the cspaclt at slightly more than one per cent of the population. a decline in the ratio for the second succive year. The figures were contained in the bureau .0! statistical annual report on hospitals.

Public hospitals in 1953 had a ratio of 4.75 beds per 1.000 of populstio. Alberta led the prov- inces with 0.49 per 1,000 of pro- vincial population, Prince Edward Island with 5.07. Nova Scotia had 517, Newfoundland (.51. New Brunswick 4.10 and Quebec 8.06. Shoryage of nurses in public hos- pitals continued in 1058.

Substitute For Principal Heart Artery Forecast

RALEIGH. N. C. (AP) - Orion tubing may soon be used as n-sub- atitute for the human heart's prin- cipal artery--the aorta and the y- shaped aortic arch.