3, JOHN YORSTON CW Press Staff Writer ' “owning. (OP)—aThe pres- of the Montreal and Cana-

gsmck Erwh-anges says more

, - would invest in Cana- g. : marbles. ’ W G. Norman gave two

rims“: I think it Is a good v from the standpoint of the gram of the country. a , a country where the 5 '55 are owned by the mass , the people is in a much er position than one where w are not so controll ." é since he became the ex- ’ - iii-st Inn-um president mom ago, Mr. Norman has h my opportunity to en- T'ed‘ ‘small investors to put , " my into Canadian busi- and industry. , mare are three types of in- Wr," Mr. Norman says. FOR PROFIT f I ulator. looking or a m; the trader. whose ' moment is more or less short- ; and the investor. whae ﬁtment should be for long- WWS' . He said the smaller or newer I ‘ veslm‘ should be more inter- 'esled in long-term investments. “The smaller investors have l'wtomake up their minds as 1 No he type of security they i0 buy; They alle realize the

we: risk of the speculative

; "may need the advice of pro- 'ona:Is. those who have know- geot a country’s economy, its

More and the future of industry

that country."

EReliaHe information on Ion,-

‘mn prospects of a ssecmty

can be obtained from stock ex-

; , their member corn-

mies or hrom members of the at Dealers’ Association at Canada.

CLUBS ..

a Many small investors band: to-

W toﬁorm investment clubs.

Each member contributes a reg-

;‘nlar, ﬁxed sum. The club, gen-

:erally under guidance, invests in

the securities of its choice.

1 “The investment club has a

Mannie place in the investment

field, in that it provides a guide

in realizing the type of invest- lment that one should invest in,”

Enid Mr. Norman.

! There are 394 investment clubs

in Canada with total member-

iiip of ohm/c 5,500..

l The he said, had

,taught someinvestors to be more

discriminating in buying securit-

l earloads were transported 'e for July, 1957, the number amported amounted to‘llos.

11s; mos, 52; coal, 62;

V ; L.C._L., 230; sandstone and . ambalt, 67; stone, I ii-MCkf‘aml cement, 45; to- ,Ieﬂler‘wﬂ a lesser number for I‘m. meats, machinery, sugar .Salt and canned goods.

; An ,increase ‘was also noted tn .ﬂle movement from Borden to lTormentine, with 454 carloads

. zhaving been transported as com.

{19s. He addedi “'Ilhe' investor is , _' not afraid of the ﬁuture." ‘ i Mr. Norman, former Canadian

Urges Canadians Invest More In Home Enterprises

consul-general in New York and

Canadian ambassador to Venezu- ela. has said he hopes to institute a campaign to educate the gen- eral public in investing in Can- ada. “But it has not yet been feasible to bring it about."

For the investor’s protection, stock exchanges require that listed companies ,subumi‘t certain information which is available to the stock buyer.

MAKE NO PROMISES

“We don't guarantee that a company will gain or lose money,” Mr. Norman said. "We

Five Killed, 35 Iniured In Train Wreck ,

‘ STERLINGTON, NY. (AP) .— Two Erie railroad passenger

track Monday to a head-on col- lision that killed five persons and injured 35 others. A towerman was quoted as saying he forgot to stop one of the trains. Towerman Fred Roth. 38, of Glen Rock, N.J., was cleared of any negligence of coroner R. .1. Moses. B at District Attorney

trains thundered down the same:

I

do satisfy ourselves as to the background, the history and the financial status."

Companies must supply details of their corporate setup; dii'ec» tors’ names; What the firm does or makes; how long it has been operating and so on when it ap- plies for listing on an exchange.

It must also supply regular an- nual statements and reports. '

“In the case of mining and oil companies, they must inform us in case of any material change which they may be contemplat- ing," said Mr. Norman.

John F. Skahen ordered a investigation.

Skahen quoted Roth as saying under oath that an order was re. ceived at his tower at 55:13 a.m. to halt a westbound Erie train while another passenger train coming in the opposite direction bypassed a freight. '1

He watched the westbound train pass through his station two hours later and completely forgot the stop order until it was gone. He said he then. -tried_ vainly to warn the train by radio but received no answer. ‘

' FORMER NAME Iraq's ancient name was Meso- potamia, from the Greek mean-

further

ing “land between the rivers.”

2,; 1 L‘dl. 5,.)— e I."

Hydrogen Bombs Could Wipe1

Out 90 Per Cent OI Yanks

WASHINGTON (OP) —- Some 160,000,000 persons — ‘most 90 per cent of the total U.S. popular tion—could be killed in an effec- tive hydrogen bcmb attack on 150 major American cities, it was estimated in testimony made public Sunday by a congressional committee.

'Ilhe estimate was contained in a survey made by the Rand Cor- poration, a research organization, which said an attack on 50 major cities could result in 90,000,000 deaths. 13 0th estimates were based on attacks occurring on centres lacking adequate civil de- ﬁence facilities.

The Rand survey was made public by the House military o:p-_ eraitions subcommittee along with a subcommihtee report warning that the U.S. stands “in mortal danger" unless the administra~ t-ion and Congress act on its recommendation for a large- scale federal shelter program. .

The Rand estimate based on the cities aItILacked receiving 30 to 60 minutes of warning, said the number of casualties in the 150aci'try attack could be reduced to 85,000,000 with the use of a system of fallout shelters plus arrangements for tactical evacu- ation of the inhabitants.

This could be cut stil further ——to 25,000,000—awith a system of blast and fallout shelters and down to 5,000,000 with blast~and— fallout shelters coupled with ade-

'qu.ate arrangements for evacua- [1011.

But even if an enemy had the initial capacity to destroy com- pletely 50 or 150 large cities, the report said. “it is not certain that he would do so in actual war."

“Successful accomplishment of a large retaliatory strike by the (U.S.) Strategic Air Command and efifectiye operation of United States air defences. might so re- duce enemy forces that he would not be able to bake out so many cities."

The subcommittee report said the U.S. will have no effective civil defence program unless the federal government accepts the major responsibility for plan- ning, financing a nd building atomic shelters.

Polish Roman Catholics Begin Special Prayers

WARSAW (APl—Polish Roman Catholics began a 12-week pro- gram of special prayers Monday in answer to attacks on their church by the Communist - con- trolled press.

Stefan Cardinal Wyszynski, the primate, called for .thd special prayers in a statement read in all churches throughout the coun-

GHOUSE

.. ADMIRAL .- KELVINATOR . WESTIN

. PHILCO

51910 12‘ STANDRRD, PUSH BUTTON and * AUTOMATIC nmosr

SAVE

ON A NEW 1959 '

_"},EAsv

"Spiralafor" '

BEDEQUE

were recent visitors to Cape Bre- ton. They were accompanied by Mr. and Mrs. H. A. Craig of Cal- gary, Alberta.

Mr. and Mrs. Neil Campbell of Bridgetown, N.S. were guests re- cently of Mr. Campbell's mother, Mrs. Ralph Campbell, Lower Bedeque.

Mr. and Mrs. Bruce Davidson, Fredericton, N.B., are spending some time at the Lower Bedeque Beach.

Mr. and Mrs. Charles Haslam, Vancouver. B. C.. are visiting with relatives on the Island. Mr. Haslam is a son of the late Stephen Haslam who as a young man resided at Springfield, Lot 67. Charles Haslam left the 15- land when eight years of age and

try Sunday night.

An extra prayer is to be said at every mass until the end of October at all churches and be-

fore the image of the Black Ma- donna in Jasn-a Gora Monastery, the Polish national shrine. Poles attribute mystic powers to her.

PUBLIC PARKING 0 CENTRAL . CONVENIENT Supervised by Can. Legion Situated on old Prince Ed- ward Theatre lot.

Rates: 25c or $2.00 weekly

‘has lived in Western Canada for

many years. He is a cousin of

. Mr. and Mrs. Ve‘mon Craigng. John Haslam, Carleton Sid-I

ing, Chester Weeks, Fredericton, and Hedley Weeks, Charlottetown. His mot-her was a Miss Bovyer of Bunbu-ry..

Mr. and Mrs. Victor Willough— by, of Bradenton,\Florida. have arrived in Bedeque to spend some time as guests of Mrs. Willough~ by's sister, Mrs. Pearl Affleck, and other relatives.

Miss Sadie Meighen and Miss Betty Meighen, Halifax, are guests at the home of Mr. and Mrs. Charles Henderson.

Mr. Heather B. Morgan, Fred- ericton. N.B., was a visitor to Bedeque on Sunday, August 10th.

The service 'in the United Church, here, was conducted on

MOVING! LONG DISTANCE FURNITURE MOVING ETC. AGENTS ALLIED VAN LINES

JENKINS TRANSFER

I Thurs, August: 14. 19531115 Guardian Page 15 »

Sunday morning. by Mr. John 0. Fraser, R.C.A.F. Station, Sum- merside.

Dr. E. P. Weeks and sons, Pe- ter and Andrew, Ottawa, arrived in this village on Friday even- lug August 8th. to spend a two week vacation with Rev. E. S. and Mrs. Weeks. They were ac- companied by Mr. and Mrs. Er- roll Boyd and daughter, also of Ottawa. The Boyds are spending some time at the home of -Mr. and Mrs.

Femwood. This is their firstvisit to P. ‘E. I. ‘

The house of John Stewart, Carleton was considerably dam- aged on Friday last when struck by lightning, but it was not set

B. Q.

on fire.

Cyril MaoFarlane‘, '

HOTEL TRIP

WINDSOR, Ont. (CPI —- Om statistic in a city pedestrian count gave- some indication of citize-ns' drinking habits. On a Friday. be- tween 4:30 and 6:30 om. 2,200 people were counted at the city's main intersection. The largest number crossed from a bank to a hotel.

NIGHT SWIMMING

OSAKA, Japan (APl—A lighted beach at nearby Hamadera» is drawing more than 3,000 custom- ers nightly with ads saying: “En- joy a dip after your day’s work and avoid sunburn.” Women’s clubs are protesting that bathing under lights is harmful to publil morals. - - v

, For a quick treat at noon or supper-time join the

FOR RENT Floor Sanders and Edger: also

Floor Sealers ‘ and Varnishes l for sale

CHANDLER BROS. l

'.I

nt surroundings of the Peter Pan Drive-In on

the Malpeque Road. Open 10 a.m. daily and serving

light snacks. tasty chicken

PETER PAN

l Plywood Place Dial 6557 I

3239-95 ~

on 51'5" WEEKLY

=No DOWN PAYMET!

I

NEW WAY’S “MID SUMMER NAS”

: FREE GIFTS

With any Famous Make, REFRIGERATORS -

and seafoods.

DRIVE - IN

5 Choose from

' "Fleetwood” New Model CLOCK RADIO

. "Samson-Dominion” Immersible ELECTRIC FRY PAN Cwlﬁ'n

I "Proctor"

POP-UP TOASTER

102 pc. Stainless Steel “ Z

CUTLERY SET V

MATCHING ARM CHAIR

VALu-ED AT $69.95 (Not Shown) ‘with the

l

. NEWSI'NGER 2 PIECE DAVENPORT SUITE

This Davenport and Swivel 'I'. V. Arm'Chalr (exactly

WASHER

with

as shown are in approved Metallic Decorator Fabrics and Fabrilite. Davenport is smooth top,_ full size, with Hercules No-Sag" Double Spring Construction and spacious storage chamber below. Each piece has hi'ass tubular arms, mounted with upholstered Fabrilite top and Walnut legs, withsel! levelling feet —. Colors—Beige, Brown.\ Green, Red. Buy Now and receive theFREE Matching Arm Chair valued at $69.95.

. 3199-95

,' ’D-‘ﬂed with 406 last year, i- . Leading the list of exports were ‘Potatoes with 198 carloads, follow- <°dby livestock, s7; L.c.L., 55; . _ pulWood, 29; and meats 16. Other produce ferried included .2 butter and cheese, fish, hides, tur- * mils, canned goods, Irish moss, " and strawberries.

British, PM Pays Visit

AUTOMATIC PUMP

EXACTLY AS SHOWN

N0 DOWN PAYMENT!

Reg. $219.95

$159.95

' weakly

To Cyprus or $1'10 Weekly SAVE NICOSTA (Reuters) — Harold ' ,9 ' Macmillan l ded h M day, .. Viagra?“ Prim all“: - ONE or A KIND USED AND Its-CONDITIONED t. TITS Ince a 5.8 e p ' ihiiimwmwasmdm“ ‘° - ITEMS or FURNITURE and APPLIANCES ' ' 8 ago. , , ' . . millan was returning to ' , r 8 _ ' , I 15 . ‘ . Whiﬂﬁl‘ﬂiﬁﬁfﬁﬁ; , l—Admiral De Luxe Refrigerator $149.95 or $1.25 weekly Inth Turkish and Greek leader;- , Better Qualify 1—Deep Freeze Refrigerator (fully guaranteed) 259.95 or 1.75 weekly 'h‘i; agenda?! ﬁring-.0131: I 1 3 PC Studio Set 29.95 or- .50 weekly : es ex on I — . ......--oono.. . 3,04,? “sign Perm“: t0 “3" ' M°PI° Fm'sh 1—3 Pc. Chesterfield Suite 24.95 or .50 weekly = .EOKA (lgfol‘igtt gallium t e 1—Eureka Vacuum Cleaner . . . . . . . . . . . . . . . . . . 79.95 or 1.00 weekly ' Remilgnang‘vﬁgkislﬁfgﬁkig _ 1—Hoover Upright Vacuum Cleaner . . . . . . . . . . ‘ 69.95 or 1.00 weekly " itouaglmities to‘meet him before ' ' Just the thing for the summer 1—5 PC. Chrome SE’C . . . . . . . . . . . . . . . . . . . . . - - 59-95 or '75 Weekly “‘5?” buzz: “do” Mm” $233,, °f,,,,,f;:,y_ 323,; $115: 1—‘5 Pc. Chrome set 89.95 or .75 weekly I ‘ magemisi‘s 13335123 If: I . I . bunk beds, springs spring—filled 1—Convertible Baby Carriage . . . . . . . . . . . . . .1. . 42-95 01‘ -75 Weekly 6' ‘ gem. m to halt fightilrg DEMONSTRATION and FLOOR A REG. $119.95 VALUE! mattresses, angagogdvﬂg 1—Wooden Ice Box 4-95 . t h d t k . ' 1 (led ' ‘ . Elisha m, mink: “5,22,”... MODELs_17-’ & 21” TABLE ' 9 5 :ﬂui‘f,” m " l—Metal Ice Box 9.95 limb “Inga: 33:13:? kwtlvigl CONSOLE and CONSOLE COMBINATIONS 3 I or 50° weekly 1-—Gas Washer . . . . . . . . . 49 95 I hm-ﬁegmegasm: m . _ , I 1—Electric Washer 59.95 . y . ﬁ___'_ PRICED $ 95 s 10 l 0 . Several amorted Tri Lampsjrom . . . . . . . . . . 5.95 FROM» or weekly, - g ' " I

IMPROVEMENT OUR BUSINESS *' ' Outside Repair

9 -- ' existing building. .‘ "I dealers on P. E. l_ , ’chitAMo Asbestos Side- .tnhmgles.

Mlle job may be

v . FURNITURE co. LTD.

161 Great George Street, charlo'ttetown, 1’. EA. Phone 6211

seen

i n Stevenson's, North “391‘. 212-214 Queen St. City Is 46-48 Longworth Ave. I“!!! Home Improvers

“5° 08mg“? $71? Shi les

5 I” Roofs. p - ng

"THE MARITIMES' GREATEST FURNITURE. APPLIANCE & TELEVISION STORES"