Pressure Of Building Program I

Produces Signs

ly HAROLD MORRISON Canadian Press Staff Writer inflation can spell many things to many persons. It may bring despair to elderly folks living on small fixed incomes. It can. bring

unrest to workers and new spirals I

to nricea. The experts agree that inflation lizls slipped into the Canadian

economy this year. but most con- sider it more of a shadowy mea- Ice than a thundering giant.

it is a mild. creeping form of in- flation, they said. But the threat of economic harm was there. And despite efforts to pin it down. it a p p e a r a likely. the authorities said. that inflation would continue in creep through the economy in l957

That means the federal govern- ment's fight against inflation will continue: that Finance Minister Harris will likely aim for another large surplus in his 1957-58 bud- get: that interest rates will re- main high and that there will be rontinual close federal watch over the volume of loans made by the hanks. stock exchanges. sales-fin ancing houses and others. PRICES INCREASE

The inflation of 19.36 has sp- neared on several fronts. Whole- -ale and retail prices increased Prices climbed in the scramble for some scarce raw materials. The competition for credit stif- ienerl. and interest rates reached ii new high. Federal monetary and fiscal machinery moved in to fight the well.

By mid-I956. living costs climbed to a record. The consumer price index. based on 1949 prices equal- ling too. rose in 1185 in June. rracking the previous high of iiB.2 act in December. 1951

Wholesale prices kept rising. The wholesale index. based on 1935-39 equalling 100. increased to I record 227 by mid-August. It was the 10th monthly rise since the 21) points of October. 1955.

Earnings more than kept pace with the price rise and so workers found they had a little more pur- chasing power than a year ago.

On the average. labor earnings

Increased by about 10 per cent; l

wholesale and retail about three per cent. HITS FIXED INCOMES

But. for those on fixed incomes. the thousands of Widows. old age pensioners and others. the price trends could prove disheartening.

Food prices rose along with the cost of shelter. medical and hos- pital rare. and transportation costs. One form authority said it appeared food prices might rise still higher. In some form produc- tion lines. consumption was get- ting ahead of production.

While earnings increased. Cana- dians appeared to be getting

prices by

deeper into debt By June 30. itl9F0d In "10 DOMI- heavier buying on instalment plans I

and nth er pay - later schemes iiushed the total consumer debt to a record U2.302.iII0.000. an increase of S369.000.000 over June. 1955. Heavier consumer purchases im- rlouhtedly caused some of the 1956 price rise but the main root was the big Canadian construction pro- gram; the tanned record 83.000.- 000.000 in capital investment out- lays. The program got so big. of- ficials said. that it was more than ranadlana could handle FONSTRUCTION BOOM

There just were not enough

building materials to go aroundm

Ruilders competed for available supplies and prices jumped. Am- erican steel was scarce and a strike in the US. made it even tougher to get.

Mills moved quickly to expand ltroduction to meet heavier de-

mand. And so in 1957 there willl

be more steel. cement and other materials to feed the construction program Builders couldn't get.

enough materials or credit to com- red flesh.

"costs may be high.

I

OI Inflation '

plete all their 1956 projects. so there will be a big carryover into -. 1957.

Trade Minister Howe has esti- mated that the program in 1957 will be as big as this year's. or even bigger. Canadians may find shelves lined with more goods. but I

The economy is volatile and some unforeseen development can change the picture. for Canada is still heavily dependent upon ex. Parts for I large percentage of her prosperity. But to the experts. horizons look bright. There is no likelihood. they say. of any sharp drop in exports.

While the threat oi inflation re- mains: the supply of money will be kept tight. There are other rea- sons why the government will con- tinue to restrain credit expansion. The plan is to prolong the boom, to attempt to iron out the peaks and depressions. to prevent Cana- dians Zrom getting into a boom-' and-bust complex.

BUDGET SURPLUS

-. Mr. Harris undoubtedly will again budget for a surplus. He aimed of ii surplus of !l1:l.000.000 for 1957-57. But because of the. economy's spectacular growth and l

the prices rises. it may actuallyii parade in Georgetown.

reach more than s30o.ooo.ooo. His tax cuts. .if any. may bel kept small in line with the govern-

ment policy to tighten up on the over the

country's money supply.

It's a good bet. too. that the-and daughter. Mr. and Mrs. Her- bert George Jr.

Bank of Canada's interest rate on loans in chartered banks a nd other financial houses will remain

high.It was boosted to a recordiof Trenton.

Sin per cent in October. the sixth3 increase from the low of 111 per cent in August. 1955.

These move: influenced rises in

general interest rates. The basic ;em5. Mr. mm M” How”-d Llew. prime interest rate of charterei-l.e1iyn,

banks moved up to Sta per rentl from -ita and there was talk of at Iiirther increase.

Swamp Birds Nest On Land

REGINA It'Pi-A rolon.V at -100 western grebes. birds whir it usually nest in bullrushes. has been found nesting on dry land on an island in Olii Wives Lake. 65 miles southwest of Regina.

The birds weiv discovered on the Isle of Boys by ti Saskatchewani Museum of Natural History party. A dozen were found swimming in a stagnant pond on the island, ac- companied by younlz izrebes. two; of which were riding on the backs of adult birds.

The party caught one bird as it dashed across the beach and took photographs of the others. cor-

Dr. Robert W. Nero. thc mus-

eum”! SSSISIBIII dll'CCl"l'- Mid ""191:-ial Cross was a hiiiiiness visitor y tmwny .V0""B 3" 59-9m9d Eboul II" to Georgetown on Friday. l6th.A-C. l

same age and could not have been more than it day or two old." When the grebcs were finally al- lowed to leave the pond. they clambered ashore. While they mo-

mentnrily spread their win! they September and October examina- droiwed three or four more yours i tionii of Goose River School-

concealed beneath the wings.

The western grebe, a white black and silvery lrcy bird with bright red eyes. is slightly smal-I ler than a mallard duck. They arc.

"EPIY 5”" I" II" 3” Sin" "'9-V en: 2. Gerard.Sutheriand: .'l. Pad dy Sutherland.

fly only at night and like aircraft can only take off after running across long stretches of water orl beach to gain flving speed.

GETS RED APPLE

'l'0KYri will-iitcrni-A Japanese horliculturist hail produced an ap-

pic that ll rcd inside and out. It as. Anne Kins 93 W-r rrttt

took him nine years of experimen- tation In get both red skin andl

BRYANT'S DISCOUNT SALE

14015 GREAT GEORGE ST.

ONE WEEK ONLY -- NOVEMBER 22 to 29

The Guardian. Page 11 Thursday. Nov. 22. 1956

daughter. Mr. and Mrs. Bernard

y N.S., was a recent guest of her par- lents. Mr- and Mrs. Joseph Samp- son. i

Soloman.

ed to hear that she has returned In her home after being it ital-I

his leave in Georgetown. as the .I.

' November 17th by Stephen. N B . where he ix station- ed.

rless visitor in tliiarlottetmin on lThursday. Nov isth. .

motored to thc City on Thursday. '

I3. Pius Suthcrillnd.

non; 1. Wilfred King. 3. Geneva Wilson. ;

am. 2. Ethel Siitherlanri

am 90 per cent.

E ..

GEORGETOWN I

On Sunday. Nov ilth. Mr I Jack Layers. Mr. and Mrs J.W

Levers. Miss Corinne Lavers sndi Miss Beatrice Skinner motored to. Souris. where they were guests of Mr. and Mrs. Robert Macxenzie.

L.A.C Hilly Murphy and I..A.(5. Charles Martel! of the R.C.AF. stationed in Chatham. N.B mo tored to Georgetown, where they spent the weekend at their homes

Miss Shelia Scully and Miss Mary Um Henry. students at Notre Dame Academy were week

HOME MADE IEANS HAND PICKED

2 Llis. For 39”

3:1) gutesls at their homes in rge own. Mr. and Mrs Reginald Barrett

of Halifax. N.S. were recent guest of Mrs. Barrett: mother. Mrli Joseph Murphy.

Mr. Archie MacDonald of Pic- tou N5 is visiting in Georgetown as the guest of his son-in-law and

2 Lbs. For 29”

Batchllder. y

SILVER SEAL

Mr. Joseph Allen, and ' Mr Ciaud Pharr of Mitchell River at-

tended the Remembrance Day

i Mr. and Mrs Herbert Georgcl

sr.. motored to Halifax. N.Sl 53 0 c weekend where they. . ,were guests of their son-in-law z 0E,"

Mr and Mrs. Gerald Llewellyn

Ontario. where Mr. . Llewellyn is stationed as a mcm- ' I .'- ber of the R.C.A.F.. are honey- 5 mooning in Georgetown. They are t : ' y 4- . g ',K(. the gursts of Mr. Llewell.Vn's par- ' ' s I.

lgf FOR Miss Jean Sampson of Halliax, Q . T

h'rleiiii.l iii Illilr Miss Marlene daughter of Mr ilnriy

Mrs Ray W. Solomon. are pleas-

iciit in the Charlottetown Hospital. j E"; 12 02h Coast .I- W. Lovers of the RC I llil Police who has been spending y JAR

guest of his parents. Mr and Mrs. W. Laverli. left on Saiurda.v., car for St.

Mr. John D Gotell will a IIIISI-l

Mr. and Mrs. Waiter Solnoian

HARD GLOSS WAX TIN

Mr .iohn M. Daiy nf Commer-

V I siiinitirws GOOSE RIVER SCHOOI. y

The following arellhe results of

Grade i. I. John MacLaron; 2.9 24 OZ" JAR Gaylene MacLsren: Ii. 'rheresa' , , Steele and Anne McI"hr-e I I FOR ("VIA Grade II 1. Anne King. I Grade IV. 1. Augusta Mai'.l.ar- t-r”'mmr

Grade Vi. 1- Paula Sutherland.

SYRUP

I Grade VII. 1. Frniiccii MrKln-I I

'A REAL TASTY DESERT

Grade VIII. 1. tlhnrics MarAd-

Highest average In junlnf grad-

I Senior Grade. Charles MacAi'l-

.Teacher. Annette Mrqilatd I

I

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