- mink pelts offered were sold. Mr.

‘ look

BY FORBES RI-IUDE

spent some $250,000,000

the end of the war. The expenditures

«years.

all the company's steel. Annual ingot capacity was more than doubled from 1,105,000 ‘tons in 1945 to 2,350,000 tons in 1947.

About $33,000,000 went t’ en- large Stelco’s interests in sup- plies of coal, i-ron ore and lime- stone.

Plants are located at Hamilton (four); Brantford, Ont.; Toronto; Gananoque, 0nt.; Montreal (two) and Lachine, Que.

Coal, ore and limestone inter- ests are situated in Ontario, Que- bec, Newfound 1 a ii (1, Michigan, Minnesota, Pennsylvania and West Virginia.

Sales last year totalled $254,- 952,333.

Employees at year end num- bered 14,488. Shareholders num- bered 15,210, holding 4,318,825 shares. _

The Nelson News, in a speclal

have been made in the course of several programs and, with the latest program now almost complete, the company has taken occasion in its current annual report to give a seven-page review of its growth in the period of nearly 13

" About 75 per cent of the ex- penditure lias been on Stelco’s Hamilton Works, which produces

[what it terms “the story of the

Canadian Press Business Editor’Kootenay-Boundary" country for

Steel Company of Canada has in ex- pansion and modernization since.

the 23rd time.

The issue is The News’ a..nual pictorial - industrial presentation of the resources and scenic at- jtractions of southeastern British ‘ Columbia.

Here are some figures for the area for 1957:

Mineral production (led by Con- _solidated Mining and Smelting Company) — $122,400,000, or two- thirds of the p_rovince’s total pro- duction.

Forest production — $32,522,- 419; general manufacturing — about $40,000,000; tourist indus- try—$15,000,000 to $20,000,000.

The next congress of the Inter- national Chamber of Commerce will be held in Washington April 19-25 of next year.

Congresses are held every two years, and next year’s will be the first to be held in North Am- erica since the international body met at Quebec in 1949. Congres- ses since then have been held in Lisbon, Vien n a, Tokyo and Naples.

The Canadian council of the c h a in b er recently appointed three honorary members in rec- ognition of “distinguished serv- ice” to the council.

They are: R ob ert P. Jellett, Montreal, honorary president, Royal Trust Company, president of the coun- oil 1946-1947.

112«page issue March 15, tells

Walter D. J o n e 5, Toronto,

WTIMELY NOTES on run TOPICS

The auction sale of From Brothers, Inc., that was held at Hamburg, Wisconsin, the latter part of March was considered a very successful one, as between 75 and 85 percent of the 40,000

From, in a statement, said that he considered the sale “very a- tisrf-aictory” and he added that there was strong comspetition ex- liibited and that buying support in Canada and Chicago was no- taibly strong. Also good purchas- es were made for the Eastern United States market and the E~umDea~n markets.

Ten years ago, Fromm Bro- thers would be marketing up- wards of 50,000 silver fox and its mutations. It must have been a terrific blow to them when they had to kill off all their breeder foxes with the exception of a few special types and concentrate on mink farming. We have their on the origin and history of their fur farming operations, which go back to 1909. They cer- tainly have indomitable will and perseverance. and deserve to be successful because of their faith and the tremendous amount of time and effort they have put into fur farming.

FROM EUROPE

At the Oslo, Norway, March 30 fur sale, male pastel minks de- clined 5 to 10 percent from Jan- uary levels. An offering of 65,-. 000 skins was 85 percent sold; the average price for males was about 143 kroner (approximately $21.50 in Canadian funds) and the top price was 215 kroner — about $32.00. "

Females went mainly to the United States. Better males went to Europe, with commercial types bought by the United States

Our readers must wonder why it is necessary to import mink pelts to the United States from Europe. The main reason is that the Europeans, particularly the Norwegians and Russians, can produce ranch furs much chea- per than we can in America. They have two strikes on us-

naimely, cheaper feed and cheap-

Ask Volunteers To Join Arcfic Work Camps

This summer, eight men and four women are needed to take part in the second Arctic Work Camp of the Canadian Council of Churches and the Department of Northern Affairs. They will be doing a wide variety of jobs in- cluding construction, maintenance and clerical work in the govern- ment Rehabilitation Centre at

er labor. But, so far they have not produced the same average quality skins as the United States or Canada.

EXPORTS UP

Now here is another item you will wonder atll It is that the United States mink exports in January showed a healthy ad- vance over the previous year, ac- cording to US Department of Commerce figures. ‘ total of 240,412 pelts was shipped, com- pared to 173,120 a year ago. This J anua-ry's' dollar value for mink exiports was $4,693,000, com-

lier. The laregst sales were . ade to West Germany and the United Kingdom.

The reason given for this high value of exports in mink is that the United States’ breeders, and to a lesser extent, the Canadian breeders, are producing new fash-

pelt. We all know that there are large numbers of wealthy people in Europe, and many ladies who want to be noticed in the salons of Paris and other cities, as wearing the finest furs that can be obtained. WILD MINK At the Vancouver sale on March 30, wild mink and bea- ver moved well. Wild mink sold about 90 percent of the 5,000 pelts o f f e r e d; season-able brought $17.00 to $22.00. A fea- ture of the sale was the offering of 5,000 marten. Best types of ex- tra largo, large, and extra dark, brought $22.00 to $25.00. A total of 30,000 muskrat from the Fras- er Valley, Washington and Ore- gon, averaged 80 cents. Alberta‘ and Manitoba -springs (muskrat) extra large and large, broizgiit from $1.05 to $1.15. A late report released by the Swedish Fur Farmers Assccia - tion shows that in 1957, a total of 627 silver fox; 1,102 blue fox; 152,482 mink; and 539 cihinchilla, were raised in that country. It is expected that, this year, there will be a 10 percent ,reduction of the total number produced. The following will give you an idea of the feed they use year- ly: about 8,000 tons of butchers’ waste; 35,000 tons of fish-«food. They have plenty of cold stor- age capacity, and 450 fur farm- ers have their own freezing fac- ilities and can store more than 14,000 tons. The for herd is continually be- ing decreased, and at last re- ports, there were only 1,102 blue fox females kept, and 627 fox females.

Nutria farming is on the de- crease, but chinchilla is gaining ground. ‘

most inexpensive

pared to $3,466,000 a year ear- ‘

ion types and a superior quality ‘

males —

Steel Co. Spends 250

Million In ‘Expansion

chairman, International Business Machines Co. Ltd., president of the council 1947-1949.

James S. Duncan, Toronto, chairman of the Ontario hydro- electric commission, president of the council 1949-1950.

Mr. Jellett and Mr. Jones were two of the founders of the Cana- dian council in 1946. Mr. Duncan headed the organization of the Quebec congress.

Tage 14, The Guardian Mon., April 7, 1958 trend in output per man hour, re-

Decloires Canadians Pricing Themselves Out Of Market

MONTREAL (CP)

—— W. J. prosperity. Sheridan, assistant general man-

At the moment, he said, Can-

ager of the Canadian Chamber of ada finds/herself in a period of C0.1111'11€I‘Ce. says Canadians are recession and inﬂation at the Dl'1C1I1g themselves out of both the same time. The recent annual re-

export and the domestic mar- kets.

_In an address Wednesday to a Kiwanis Club luncheon, Mr, Sheridan said the trend will not be reversed until Canadians re.

3:129 that greater productivity is e key to national and individual

port of the Bank of Canada had

disclosed that in the inflationary Derlod increased employment was not accompanied by a propor. tionate increase in volume of to- tal output. Average hourly earn- lngs in general continued to rise but there was also a declining

sulting in increased labor costs per unit of output.

“We find ourselves in a rather unclassical situation in that we

are having a recession with large numbers of unemployed and yet we find the consumer price index rising and the cost of living rising correspondingly,” said Mr. Sheri- dan.

“We are pricing ourselves out of not only the export markets but out of our own domestic markets._ Until we realize that greater productivity is the key to national and individual prosperity and until we realize that the maintenance and further improve- ment of the high standard of liv- ing in Canada are dependent on productive efficiency, then we

.shall not continue the upward‘

our development over the last few years."

Mr. Sheridan said “one of the great myths and illusions of our

power is synonymous with in- creased wages."

“If you take money from cor- porations and place it in the

crease purchasing power. only place it in different hands.

“And if the corporation by buy- ing new and better machinery is able to produce goods at a lower price, thereby making it avail- able to more people, thereby in- creasing the number of jobs, then you are doing more for the econ- omy than merely distributing it among the ernD10Y8€S~"

road to progress that marked;

l ) l

i

time is that increased purchasing”

h d f l‘ youdon’tin-. . _ . . . an s o emp oyees you;sa1, full control over the Saudi) dlcauons that Cairo is expectin

King Sciud’s Brother May Take Over

CAIRO (AP) _ King Saud has turned over to his brothel‘. the

l

at the United Nations confirmed

the transfer of internal and do. mestic power to Feisal. Arab sources at the UN said Feisai now will have complete authority over the Saudi Arabian armed forces. but that Saud intended to remain head of the state.) RECONCILIATION LIKELY

While some sources cautioned against reading too much into

lJI‘0~EgyPti*an Crown Prince F9i' the Saudi decree, there were in.

Arabian kingdom's foreign, fi- nancial and internal affairs.

can-0’; press, reporting Monday, said Feisal presented

authentic,

the kingdom's strong man.

l

his elder brother, Saud, with aifeuding _ list of strong demandswhich, if charges’ that ‘King Saud plotted might indicate the to have President Ga-mal Abdel crown prince was emerging as Nasser assassinated and to break ‘ up his new United. Arab Republic ‘ 4 The Saudi Arabian delegation of Egypt and Syria.

Feisal to work for. a reconcilia. tion between Saudi Arabia and

thisi Egypt.

The two nations have been over Egy~ptian-Syrian

T

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