Optimistic A For-e cast Of
,Dominion's 1956 Economy A
By ronans anunr:
Canadian Press Business Editor The coming year promises to be is his I one for Canada as was tecord-brolkilll - 1055- I In fact. In ecceleratlns Pace Ii year-end indicates it may be mm inabilit f z r. o resen gpogglitigguand facilitles topllandlc much more than they are now landling seems to set a limit. only a substantial drop in world gcunomlc activity could set the new year back seriously in Canada. :uuld make it a bad one.
FULL SPEED AHEAD
All the things that drove 195 ,head promise to continue to oper- ate, at full throttle.
Forest industries are expanding and demand for wood tibre in its many forms is growing. Announce- ments of new mining developments tumble over one another almost jay to day. Oil and natural gas continue dylI3mi0-
Agricultural income. down in re- cent years. appears to have about reached a current bottom. Fisher- ics. down slightly this year. should at least hold their ground.
Construction promises to ad- vance as fast as the supply of materials will allow.
At year-end people were still buy- ing at the pace which made 1965 n record year in retail sales. Their buying reflected, for the most part. lhe filling of needs for homes and families rather than extravagance.
Given continued good employ- mcnt their ' comes will be up and their buying power strong.
Population will continue to grow.
EXPORTS BIG FACTOR
Increase in exports-particularly the sale of forest and mine prod- ucts-was the outstanding ' , A in making 1955 a record year for Cnnada.
The increase resulted from pros- pcrity in the United States and nestern Europe and general in- crease in world trade. It pointed up dramatically Canada's stake in a continued and spreading world prosperity. .
A year such as 1955 in Canada”: present stage of development can scarcely be envisaged if other countrien cannot buy her products in large volume. Indications are, however. that they will continue to buy,
Increasing exports, increasing
also mean increase in Canadian manufacturing. l h Shadows on the bright new year include: .
The pace of the boom. Will it de- velop weaknesses in the late year? Will it continue in the United States? Periodical readjustmenis seem inevitable even in long-term prosperity. The year 1954 was such a readjustment.
rants SUBPLUSES
Agricultural surpluses. particu- larly wheat, The outlook for wheat export looks not much different from 1955. One assurance is the quality of Canada's wheat. one uncertainty is what the United States may do. The year may see an approach to the end of the crisis or it may see it become more acute. Whatever x the future. it seems hardly likely that the farm economy will be allowed to col- lapse.
The danger of inflation. So for prices have remained stable but higher costs and a little more boom could start them upward. Most goods seem in ample supply. how- ever,--and competition is a strongly- restraining influence.
Steel and cement scarcities. These, unless national expansion takes fresh bounds, should be ap- proaclling equilibrium. Botll indus- tries are expanding.
Problems of some manufactur- ing industrles resulting from for- eign compctition in the Canadian
inequitable competition.
The size of Canada's -adverse trade balance with the United States. Some think this makes Canada too dependent on the United States. Others see it as a logical development of the North American e c o n o m y. Probably everyone would be glad to see Canadian exports spread around more.
MANY NEW PROJECTS
Whatever the problems or the perils there is no let up in the stream of announcement of new projects. Capital expenditures are estimated at around 36.000.000.000 in 1955 and should be no less and probably more in 1956.
A S1-12,000,000 natural gas pipe- line is being built from the Peace River area to the west coast. The proposed 83.50.000.000 natural gas pipeline from Alberta to eastern Canada may pass its final hurdles. In addition, oil and gas industries
population and increasing income
probably will continue their 3400,-
market. They feel they suffer from 3;
ooo,o00 yearly pace of expansion expenditures.
uranium is creating a new gource of. wealth. Ontario and Saskatchewan uranium companies to date have government contracts for 856,915,000 by 1982. Production in loss was already 848,000,000. The St. Lawrence seaway and power development and other huge power developments across Can- ada are spending hundreds of mil- lions of dollars. So are the forestry and mining industries.
Radar and warning lines across the North are costing -:420.000,000.
REGIONAL SURVEY
Here are a few other projects reported from across Canada:
British Columbia: The pulp and paper industry, which spent S141,- 000.000 in the last five years, plans to spend another 5250,000,00o. The Peace River-coast gas pipeline is expected to mean additional ex- penditures of S135.000,000 on attend. antifacllities, including distribution lines. Frobisher-Ventures plans to spend 050,000,000 on a power. metallurgical development in the province's northwest and may ul- timately spend S700,000,000. Alumi. nunl Company of Canada toutin- ues huge expenditures at Kitimat and Kemano. Hooker Electrochem- ical is building an 511,000,000 plant at north Vancouver.
The provincial government is spending 360,000,000 on the Pacific Great Eastern Railway. British Columbia Electric Company will spend 575,000,000 on i955 expan-
an. Alberta? Northwest Pulp and Power Ltd., has a 080,000,000 pulp plant underway at Hinton. The Alberta Gas Trunk Line, a gather- ing system for the proposed Trans- Canada pipe line, plans to spend 355000.000. Northwest Nitrn Chem- icals Ltd., plans a 517000.000 ex- penditure at Medicine Hat. Edmon- ton Steel Fabricators plans a :53,- 500.000 pipe mill. The 03,500,000 Edmonton city hall is underway. Saskatchewan: Potash Company of America is nearing production from a 3,000-foot shaft costing s3,- 000.000 at Patience lake, near Sas- katoon, and plans a 310,000,000 re-
planned for an 08,000,000 cement plant by Saskatchewan Cement Corporation and a 38,000,000 Hoeah Werke steel pipe plant--both at Re- gins. MANITOBA PROJECTS
Ma ” ' . Winnipeg's, 5,000,000 post office will be finish in 1957. Canada Cement Company plans to
add 8.000.000 to a recently-cm-
OL.'r'
rnesdoy, Jan. 3. 1956
Safety Council today ” toll at 38.500-the years.
gram. simpsons-Sears plans a 35.
in West 00”
3lti.0(Xi.000
ads at 1-lnrnllton 000 on
ilton, 311000.000. Company is completing a 325-000
huternational
have large building projects.
opment at Bersimls, plans a se ond stage there. and further entc
Valleyiield. In Montreal
building, is costing 320,000,000. ject is estimated at 324000.000
dustrY a possibility. 5 fincry at Imperoyal is costin
terminals 33.000000;
conducting an oil search. Newfoundland: Copper deposit
.;lOC la xi 0 U,"
Clo-to-to-Cost!
COLD VVIN
GREY PERSIAN
I On? -- Top Quality - Pelts.
Save 0200.00 on either coat
5595.00 and 3795.00
Traffic" Deaths In U. 5.- Highest In Many Years
CHICAGO him-rhe Notional are ted sis
pleted 310,000,000 expansion pro- holiday which safety omen-is tear
000.000 Winnipeg shopping centre. A 1,500-unit housing development will about
0ntarlo:' Steel Company of Can- is spending 5100,- ansion and Dominion
Fomnu and Steel also B0118!!!- ltiannesan Tube delayed "'””5' deaths ”"'””3h
000 pipe plant at Sault Ste. Marie. Nickel will bring into operation I 319300.000 Pill" 501' iron-ore extraction at Copper Cliff, near Sudbury. St. Lawrence Ce- ment Company is building a 327.- 000,000 cement plant near Toronto. Virtually all of Ontario's cities
Quebec: British Aluminum Cum- pnny plans a s1ao,0oo,ooo aluminum plant at Baie Comeau. A Canadian
Ti ' Pi m to plant at Var- "'9 37 ”'”""lS of the Korean war. ennes will tgstuliearl 315.000-000 Last w".lfe"d T mmed "Black Quebec Hydro Co ion is iin- Chflsimas. "by safety experts-
ishing its s225.ooo.ooo power devel-
prises costing 323.000.0110 at Vari- ons points. Two chemical plants costing 00.000000 are planned at
a Nun's 'island bridge will cost 3?-1000.000. A Cana- dian National Railways Hotel, now
slum clearance annd re-housing pro-
New 3. nswick: The Beechwood hydro project, now under way. will cost 529,000,000 by the end of 1957 and plans call for 345,000,000 to 550,000,000 by 1960. The Canadian Army's Camp Gagetown is costlnx a minimum of 350,000,000. Mineral developments will range into many millions of dollars with a” 3125.000,- 000 metallurgical and chemical in-
Nova Scotia: Imperial Oil's re-
030,000,000. Various extensions un- derway at Halifax include ocean Shearwater naval station 53,000,000; airport illlefy. Spring construction is 37-000.000 I Prince Edward Island: Gilt of St. Lawrence fisheries are being tended. Increasing population in Sunday at lnkerman, eight miles, Canada and the United States is south of Shippegan. destroyed Er- expected to mean better markets nest Richard's general store and for farm products. Imperial Oil is' the home of Ernest
are being developed at Tilt cove her three children were forced into and Gull lake. Canadian Javcllnls sub-zero weather. Her husband railway from Wabash lalro iron- was away.
' IT IS A L-O-N-G
rheewolurupllr
the next three d3y3..a New On”.
' will set another record for deaths 0" the highways. The record year's mg” W35 1941's 39.909 deaths. The council based its estimate on I Projection of reports of a4,8N Americans killed in game in mg first 11 months of the year.
The Safety council figures that
F New Year's Eve and deaths later
(Wm injuries su't'ered late this 3'9" will bring the over-all total W" the Year to 38,500. An actual 00"!” Probably will be available in another month.
LESS IN WAR
The figure would top last year's safety council figure of 36,000 deaths and is some 5000 more than the433,4l7 U.S. soldiers. sail- ors, marines and airmen killed in
emphasized the mounting highway c- "305 and caused many states to ,-. order stringent (0145 for the New Year's wee'ond.
right in C h r is t m a s accidents.
i0110Wln8 three days of lnjuries-suf- fered over Christmas, A The safejtycoulicil predicts that 420 will die In the three-day New
record for a New Year's holiday P9”0d- The greatest previous toll W35 407 OVGF ihc four-day i952-53 holiday.
Arizona. lllillols, Michigan and Wisconsin have ordered out the National Guard lnliliiia) to hell) cope with the New Year's ll----ax, The National Gllardsmcn will rip state police patrol highways, Texas. scene of Christmas' heav- E lest casualtlcs-7.3 lmmp geams... 0l'deI'8d hwhwnv nutrolmen to make an arrest ”in every moving traffic violation from now until Jan. 2."
350.000 nl..C7.l-f SHIFPEGAN. rs. a. rcpmpne
Williams. causing loss estimated at 350.000. Mrs. Williams, a brother and
tr NOTES '5t'(isi!ot:)!.lis in Labrador will cost I. the lnssunned States trattfic death The estimate came as mnnyl. an insidious Saboteur of the
in 14' states took emergency action to hold down the f-ighteningitoll over MD. Director, Fuller Memorial
chi," cement ef
A record for any holiday in his. tory - 629 Americans-died out-
More than 30 others died in 'the
' W.C.T.U.
. 3, our last-moving age alcohol N-gm, says Laurence A. Senseman.
Hospital and Sanitarium: Chair- mgn, Commission of Alcoholism, State at Rhode island.
The highest centers of the brain me the most vulnerable to the toxic or depressant effects of al- epnol, the most sensitive to the "process of dulling the mind. of weakening self-control, oi distort- ing sense or proportion, and of developing self-deception as to per- lormance and abilities.
Alcohol makes a person feel free and without inhibitions; be may take unusual personal and social liherties,taik long and without much thought content. He has a feeling that he is superior to others: he has no realization of his own limitations.
-In this fast-moving age of ours g person must have complete and constant control of his senses and 11'-eflexes. When he is mildly intoxi- cated," a few drinks will adversely affect his visual ability, his hear- ing acuity, and his touch percep- ti.ions'as his reflexes are slowed
of himself and his faculties-an extremely dangerous deception.
It is commonly thought, even by many intelligent persons, that beer. wine. cause they contain a lower per-
ilquor. This is a delusion. Beer can be as harmful as the
Y88l"s weekend, which would be 8 hardest liquor as far as damage
to the central nervous syystem is concerned. It does require a great- er quantity of beer to give the same amount of alcohol as there is in whisky. In the alcohol clinic opcrated by the State of Rholle Island, 60 per cent of those ad- mitted are bccr drinkers.
It is therefore evident that al- cohol. ill any quauity or in any type of drink, is harmful to the central u('I'vr)us system of man, striking at the power of reason, l"(i"l'i'l'2lli and intelligence - the very focus of that which makes a man what he is,
Now Many Wear
FALSE TEETH
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PABTEETE. pleasant alkaline 0
a
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