mud

M .",ahe said. »noaors in

1I"rl|a umrdlan, Charlottetown, Toes. log. 14, 1882.

is View or

By FORBES R!-‘IUDE Press Business Editor ' There seems little likelihood that business is suddenly going to fall out of bed. says the cur- llent monthly economic letter of _ the First National City Bankl New York. Discussing the American eco- nomic scene. the letter adds- "We have had no excesses of business spending——for inven- tory or plant and equipment- which need correction. There is no apparent reason to expect additional shocks -- the lteel-price controversy or the atock-market break—-to replace an atmosphere of caution with one of downright gloom. The weight of evidence does not =up- ‘

port the View that a recessionf is at hand. 1 James Richardson a n d

Sons in its current invest- ment securities review says high-grade stock market is- sues that have had the se- verest "corrections" or ‘ even “over - corrections" will. in general. tend to re- cover more rapidly than the over-all market. . . .. . The review suggests for Investment eight securities that have had substantial declines. adding that it lhould not be regarded as

Canadian Imperial Bank of Commerce. Dominion Stores. (‘renter Winnipeg Gas. im- perial Oil. Investor: Syndi- cate A. Moore Corporation; Placer Development.

Latest technological advances in world tcxtilc production will be discussed at tltc (‘:u1adr=in Textile Seminar which will he

0 Recession In Sight,

‘ the exchange of ideas are iucal-

N.Y. Bank

held at Queen’s University. 5 Kingston, Sept. 5-7. sponsored by the Textile Technical Feder- ation of Canada.

A news release says registra- tions have been received from pratically every textile region

North America and that speakers will be from England, Switzerland. France. J span. and the United States. as well as from Canada.

Discussion topics will be: con- version of fibres into yarn: con- version of fibres and yarn into fabrics: dyeing and finishing: mill supervision: and knitted ‘ahrics.

H. C. Mersereau. of Montreal, the seminar's general chair- man. says that since the first seminar was held in 1948 "the benefits gained by the Canadian primary textile industry from

culahle

More than 20 of Canada’:

raest food and beverage producers will have exhibits at the International Food Congress and Exhibition at the Ntw York Coliseum Sept. 8-16. in addition to the Canadian government's ex- hibit.

A news release says rep- resentatives of 35 countries will,attend and that atten- dance ls estimated at 50.000 from the food trade and .'t50.000 from the general public. Participants are ex- pected to include represen- tatives of 25.000 supermark-

The exhibitlon was first held in Paris in 1950 and suhscquentlv in Ostende Belgium. 1952: Rome 1956: and Lausanne, Switzerland. I959.

Russians Clear Hurdle For link-Up In Space

By FRANK CAREY . WASHINGTON lA.P‘~"l'he ap- parently great accuracy of Rus- sla’s two manned space shots last weekend indicates the So- viet Union has cleared a malor hurtle on the route to a renriez vous-in-space technique which could be used in flight in the. on.

This was the appraisal of American space scientists Mon- day in the wake of Russia's re- ported feat of launching two separate _capsules—~about a day apart—and having them wind up close enough together that the two cosmonauts. according to the Russians, can see each ‘$lier’s spaceship.

"I think that they have done most of the hard things toward accomplishing an actual ren- dezvous in space tat. some fut-

tirnel,” a space agency ex- pert told a reporter.

"Getting two capsules up in I couple of days in such a way

t the two vehicles are re- ported in sight of one another is about the biggest part of any plan to have a couple ofl

vehicles "rende2vous.' or con- nect I! with each other in space.

"For one thing. the timing of the launching of the second vehicle has to be very precise —and accomplished within a very limited ttrne——because if the second ve w e r e launched at the wrong time. the two vehicles could be in orbit on opposite sides of the earth from one another.“

He indicated. too. that the guidance of the two vehicles. to get them in orbits relatively close to one another must also have been masterly.

Though launched about a day apart. the two space capsules are orbiting the earth in such a way that the difference in timing for a complete orbit of the planet is only one second. That is. one of the capsules takes 88 minutes and four sec- onds to whirl around the earth-. the other requires only 88 min-

would connecting two separate vehicles in space be accomplished”

In effect. it would be roughly analogous to a jet tighter trav- elling at 500 miles an hour man- oeuvring close to a big tanker plane for retuelling, though with considers-blv greater manoeuv- rin

Busy CWL President Spends Long Hours Writing Letters

HALIFAX (GP) —- Marguerite Burns of Halifax, the outgoing president of the Catholic Wom- en’s League. has devoted hund- reds of hours to writing letters

her two terms as president of the 148.000-member league.

In a report at the league's 42nd annual meeting here Mon- day. Miss Burns said she has personally typed letters

co the annual convention last November. The year before she sent about 2,500 letters.

She's reluctant to talk about her efforts on behalf of the

but who questioned pbout her work said she do about five hours a day, days a week to CWL

Joined the league in 1937 : has been on the national

since 1950.

FOR. WORK “I'll! the 21st national phasi- She received 1968 for her

seph’s orphanage and is treas- urer of the Nova scotia Union of School Boards.

“I’m a business woman too." she added. She's a director of Burns Fish Limited in Halifax.

At Monday's opening business session, national councillors gave brief reports of the work of the nine provinces where the league operates. Newfoundland is the only province not organ- ized.

"It's been interesting noting the concentration of the various provinces on variou good works." Miss Burns said later. Programs included welfare work, aid to immigrants. edu- cation, mental health programs and other community work.

Mrs. P. . mmer of Rat- ford. Saslt.. said the Saskatch- ewan Provincial Council was presented with a plaque from the Canadian Mental Health Association for the league's "outstanding services” in 1961.

The convention ends Thurs-

efforts. she serves " ofe!lalifax's Fam- ' Iﬂﬂce Bureau and st. Jo-

(CP)—!‘orestryr . km 5“ , ’ “Kai States should

|sSeen For ’Bridge' America, Europe

day with the installation of of- ficers.

The more successful Canada was in selling abroad. the bet- ter position it would in to bu

companion the whole w ld. Referring to the economic re- stern

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