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B. Dealer Sees Swing TO Wood For U. K. Homes
By .DUNCAN HOLMES
VANCOUVER (C‘P) -—- England is taking its time, but a British Columbia lumber booster believes the swing is on there to wooden, Instead of masonry houses.‘
Cleve Edgett, timber develop- ment director for B.C. Dumber Manufacturers’ Association, back here from a three—year timber promotion-a1 trip to England, said Thursday that B.C. timber sales there are on the increase.
“11: will take a long time, but the English are using much more lumber with the introduction of wooden houses, similar to our own," he said.
“In London and in some reg- ional area's, houses like our .are being built experimentally. A team of architects came here and
took back with them to England plans which will considerably in-
fluence England’s home - build-l
mg."
,M‘r. Edgett said in an interview he had been promoting the sale of Western hemlock, Western red cedar and to some extent. ply- wood. ‘
He said that outside the U.S , England was the biggest importer of B.C. timber but that the Baltic countries have the lion’s share of the market there.
“I stressed to the English en- gineers and architects the advan- tages of wood insulation and speed in building,” he said. EXPORTS INCREASE
Figures r e1 e a s e d Thursday showed that lumber inspected here for export to the United Kin
TIMELY NOTES ON IuR FARMING
At the midsummer'sale at the Seattle fur exchange, the offer- ing of Little Bros. caused mo- derate activity. An offering of 1,000 ranch mink was 65 percent sold; fine males brought $35 to $45, and females $15 to $17. Or- dinary males brought $20 to $28 and females $10 to $14.
Sales of mutations represented no price change; an offering In 2,500 Pastels was 59 percent sold. Males brought from $22 to $35 and females 42 to $16. A collec- tion of 3,000 Gun Metals was 37 percent sold, males at $25 to $43 and females $14 to $20. A small Offering of Sapphires brought: males - $24 to $35 rind females $14 to $17. Topaz was 40 percent sold with males $22 to $34 and. females $13 to $17.
’ A collection of 1,000 wild mink from the Yukon ‘was 82 percent sold. Yukon. Extra Large and
I . Large one’s and two’s were $28
to $32 and“fnedium.and small were $14 to $16.
NEW SHAPE _ ,
Ichmflstie Bros, New York, are currently showing a collection of mink which includes full - length cdats with new styling. They are draped so that they reach their fullest with shin-ed, bloused and balloon point at different levels, high at the shoulders, midway or low, and whatever their place- ment, then lead into a. tapered homline.
This firm is noted tor its hav-
. tug one ofthemostversatile de-
ntgnerl in New York, and they handle very lamge quantities of the best turn on the market.
An illustration in a recent Is- luc of “Women’s Wear Daily”
chow: o 32 - inch Persian Lamb .
colt. black - dyed, with a collar. of natural blue fox. No doubt, the cam designer will be using sil- ver fox and platinum fox, also white fox as a combination with persist: lamb.
A despntcl: from Leningrad, dated July 23, to “Women's Wear Daily" of New York, has the fol- lowing: "White fox was no per- cent sold at prices in average unchanged from the London May sale. White fox prices, as calcul- ated by'Brltish - American Eur Corporation, were: $20.58 and $20.15 - the variation being due
to the fox being from different localities.”
CONFIDENCE
A further report on the Lenin- grad sale is that the feeling was that the sale would show consid- erable weakness, but a large in- flux of buyers during the last two, days produced a great change, and much of the confi- dence lost through the depressing international news was regained.
Each new man was greeted with enthusiasm, and immediate- ly surrounded by eager groups of fur men, all wanting to know news of latest developments on the political front. Of course, this anxiety is due to the happenings in Lebanon, Jordan, and adjoin- ing countries, and show us how sensative the furmankot. is to anything that may cause a fin- ancial disturbance.
Surprising to us in this “Tight Little Island” is that Leningrad, which seems so remote, is not very far from London, Paris, Mi~ Ian, and other fashion centers by air, and interested for men think nothing of paying a visit
dom totalled 208,762,068 board feet in the first six months this year, up from the 163,831,867 board feet inspected in the similar 1957 per- iod.
June shipments to the U.K.' amounted to 32,410,367 board feet, a drop from the 38,910,131 board feet in June, 1957. .
T o t al waterborne shipments from B.C. ports in the first six months this year totalled 696,- 602,7 3 boa-rd feet, a gain of ab-It one—third over shipments in the same period last year.
The increase was attributed to
a shift back to water shipments from rail shipments and not to
increased purchases of lumber.‘
High ocean freight rates, follow- ing the Suez crisis, cut into wa- terborne shipments last year.
3.
there or, contrawise, flying from Leningrad to London or New York.
Canadians at the Leninng sale included Bernard Friedman, J-ack Kaufman, Joseph Kerbel,
Morris Newman, Fritz Noble, and
Ben Taran. These parties are from Montreal and Toronto. American buyers concluded a
contract for about 500,000 raw
squirrels, and the British - Amer- ican Fur Corporation contracted for about 300,000 squirrel skins. The contract is for fresh crops for delivery early in 1959, and marks. an unusually early date for missions to make such con- tracts. v
WILL TELL CANADA I
WASHmVGTOIDLWP) — Senator Warren G. Magnucon (Dem. War-Th.) said Wednesday he plans to share with Canada any details he learns on Soviet willingmss to join the United States in planning construction of a rail and vehi- cular tunnel beneath the narrow Bering Strait to connect Asia and North America. The proposal ori- ginally came from Arkady Mar- kln, Soviet engineer. who recently
suggested Russia extend its»
Trans-Siberia Railway to Bering Strait and that the United States I-un rail and highway liabilities to
the same point.
I
CONGRATULATIONS KENSI‘N‘GTO‘N FEED SERVICE LTD. ON THE OCCASION OF:
THEIR OFFICIAL RE-O’FENING
KENSINGTON CO-OFERATIVE ASSOCIATION LTD.
KENSINGTON, P.E.I.. .
I
it.
______.________1
is? “CENTUQY OF 55% A, 5
LMAN’§
CLOSED
an day
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STO CK TAKI N G
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ominous RIIIIIR P. E I. since It?
Page 14 The Guardixgi
Normal Bankin
By STAN CARTER BAGHDAD, Iraq (Am—Brig.- Gen. Abdul Karim Kassem, pre- mier of Iraq’s new government, Sunday proclaimed a provional constitution.
At the same time officials an— nounced the Bank of England had unfrozen Iraqi assets worth £80,- 000,000 impounded in Britain after the July 14 revolution.
Officials said a ban on- interna- tional transfer of money, imposed as a result of the freezing, would be removed immediately and normal business relations be- tween Iraq and the, rest of the world could now be resumed.
(In London, the Bank of Eng- land said it has resumed normal banking relations with Iraq after I. temporary suspension of pay- ments on accounts. A bank spokesman explained the con- fused situation that followed the July 14 revolt had brought con- flicting claims on balances. He said normal banking regulations were resumed July 23. Banking rsources said the action by the Bank of England was only to clarify the legal position of the revolutionary Iraqi government
Friday, Aug. 1, 1958
g Resumed
After Revolution In Iraq
and did not constitute a formal blocking of Iraqi assets.)
FROZEN BY REQUEST
Officials said funds credited in London to the Central Bank of Iraq had been frozen at the re- quest of T<aric el Askari, Iraqi minister in London and nephew of the late Premier Nuri Said. El Askari has been dismissed by Gen. Kassem’s government. Kassem said the provisional constitution was intended as a stop-gap until a permanent con- stitution/is drafted and approved at a referendum'. The preamble and 30 articles declare Iraq part of the ‘.‘Arab nation” and an l-l'l- dependent and sovereign repub- lic.
lit proclaims that Kurds and Arabs are partners in the coun- try, and that though Moham- medanism is the religion of the state, freedom of belief and its expression be safeguarded as long as they do not contradict public order.
The new charter also declares ownership of property will be safeguarded. It says, however, that agricultural ownership shall
KENSI'NGTON
I The Rogers Co.
CONGRATULATIONS . '_ AND , ’ cONTIN UED SUCCESS
FEED SERVICE LTD.
I GRAND IRE-OPENING
HARDWARE SUPPLIES '
“It It's IIardwaI-e We Have It"
Hardware Ltd.
U.S. Pair Indicted In Stock Fraud
NEW YORK (Am—William J. McCarthy, brother of Texas oil and hotel magnate Glenn McCar- thy, and Frank Peter Crosby, fi- nancier, W e d n e s d a y were in- dicted on charges of using the mails to defraud the public of more than $2,000,000 in stock deals.
The 60 - page, 50 - count indict- ment was returned in federal court. It was the culmination of a two —year investigation con- ducted by the Post Office Depart- ment, the Securities and Ex- change Commission and the New York Attorney-Generals office. During 1955 and 1956, the in- dictment changed, the value of stock in. the Texas—Adams Oil Company was fraudulently in- flated. The company, which has offices in New York and Denver. went into bankruptcy the next year.
‘The indictment said McCarthy. Crosby and others took control- of
be defined and organized by law. This provision, it was believed, is to permit a redistribution of
the TexasAdams company in 1955 by buying 283,000 shares of stock with $51,700 of the com- pany’s own money. At the time, the company had 750,000 shares outstanding. After obtaining control, they increased the captalization of the company to 5,900,000 shares, the indictment said, and soon afterward boosted the authorized capitalization to 20,000,000 shares.
The government said the men then unloaded more than 5,000,- 000 shares of the stock through- out the U.S., pri-ncipallyyin New York City, Pittsbuth and Den— ver.
Crosby faces six charges of theft, fraud and false pretences in Toronto. He has posted $25,000 bail in connection with the charges involving $1,100,000. In shares of Mica Company L'Inr ited, a Quebec firm. Charges were laid by the Ontario Secur- ities Commission.
He was to have appeared for trial May 26, but his Canadian lawyer, J. Artlnmr Martin, pleaded he was too Sick with a back ail- ment in New York to attend trial in Toronto. At an estreatment hearing? July 9 bail was allowed to stand.
ONE ORIGIN
Australia’s population was 98 per
Land.
cent British origin.
left Buckingham Palace by car Duchessof Mink.
‘ QUEEN cons RACING Thursday for an we; 7 . LON DO N (Reuters) ~ The G°°dW00d- She M “Na Queen, oonvalescing after a three saturday at n e a “:‘I Hi week attack of catarrhal sin-usitiS, Castle, home of the
“N
Until the Second World War
CONGRATULATIONS TO I KENSINGTON FEED SERVICE
on Their ' s ..
o-FFICIAL RE-CPENINGfi
Growers and Shippers of‘Table and seedgi,’~ Kensington ‘ '
KENSI‘NGTON
0n the re
(*7
MAY WE OFFER OUR SINcERE .
CONGRATULATIONS
FEED SERVICE LTD. Their New Farm‘Supply Store. 1
FIRESTONE TIRE AND RUBBER CO. OF CANADA LTD.
D. B. LOCKHART TERRITORY MANAGER 99 Fitzroy St. , Charlottetown, P. E. I.
opening of
May your re-opening on. v ‘- ' very successful and may This“ a . ' cess accompany yOIIr firm in, ' to come. . ‘ "
‘\ Essa Service Station
KEITH RAMSAY, AGENT ,1 DIAL 51-2 ' a
. c
KEN‘SI'NGTO’N FE
V on their .RE-O‘PEN‘ING
ii And. may they have
‘ Continued Success
' \Firestono Tractor and. I Implement
Supplied by
Corner Kent and Queen
Congratulations
:ED SERVICE LTD.
RO'BINSO‘N'S SUPPLIE
. \
LTD.
\ St. Charlottetown
TO
CONGRATULATIONS ;
‘KENSI‘NGTON FEED SERVICE LTD. _ We wouldlike To cxpreSs a wish for the future success Of This progressive ‘ in our community and to Mr. Jessome a
hope M the future of his business will his bright- und prosperous.
GEORGE BROOKINS +
KEN‘SINGTON ,
TI-IE r‘
TOTIIE
KENSINGTON FEED SERvIcE ' ON THE IRE-OPENING OF NEw PLANT." " l “
May prosperity be theirs in tho tutu; ' they continue to grow and expand I, ' Kensington and surrounding
c. L. MacKENZIE
KENSINGTON I 1‘
WEI)
It has been our pleasure this progressive firm and
many years to come.
001: Sincere Congratulations TO KENSIN‘GTO‘N FEED SE‘RVI‘CE'LTD. E KENSINGTON ON THE OCCASION OF THEIR GRAND IKE-OPENING SATURDAY. 'AUG. 2nd
able‘ to enjoy those friendly business relations for
HALL MANUFACTURING AND .~ COLD STORAGE CO. LTD. .
NEW IDEA FARM EQUIPMENT DISTRIBUTORS. ,
FFER
in the past to deal with our hope that we will be'
1'0
ON THE RE OPENING
KENSINGTO'N FEED SERVICE LTD.
CONGRATULATIONS
STORE IN NEW QUARTERS
We extend best wishes for the future uccess and prosperity of this most progressive firm. x
MacGUIGAN s BOYLE
HUNTER RIVER
TIIII:
OF YOUR PLANT AND
BEST WISHES
:5.
FOR A FUTURE OF SUCCESS 1 OF ' ' ' v The Kensington Feed Service
May your official reopening on saturday lie-WW successful and may prosperity be you?! ‘ ~
through the years.
Thorne’s Hairdo/are.
SAINT JOHN, N.B.
, V IltllEI \ no so unmimt'
CONGRAT .KENSINGTON FIECIED SERVICE LTD.
ON THE OCCASION OF YOUR RE-OPENING
'W e Extend Best
FLOUR AND FEEDS DIVISION, MONTREAL
ULATIONS
Wishes For' YOur Future Success and «' Prosperity In your new
Location
OGILIIIE FIVE ROSES SALES LTD.
T0
. and commodious indication of your and we extend The
COME.
Phone 53
CONGRATULATIONS I
KENSINGTO‘N FEED SERVICE LTD.
The reopening of your business in new
prosperity may be yours in the years to
ARTHUR LARKIN
IMPERIAL ESSO AGENT
THE
quarters is another expanding business wish Thul- continued
Kensington
CONGRATULATIONS '
To A MOST PROGRESSIVE FIN!“
BEST WISHES ON YOUR _ OFFICIAL OPENING ON SATURDAY
BOSCOE & BOWER’LTD. . GRAIN MERCHANTS
300 St. Sacrement St. Board of Trade Building
Montreal
/