Tues. March 25, 1958 Page I4 The Guardian Social Crediters Offer Key To Inflation - Deflation EDMONTON (CP) —- Social Credit offers a three - prionsed proposition to solve Canada’s in- flation - deflation problems, the party’s national leader. 501011 Low, said Wednesday. The ‘proposal, when in full ef- fect, would end the violent ups and downs, the booms and busts. in the Canadian economy, he said. _ First,’ a Social Credit govern- ment at Ottawa would establish 3, "modern, scientific policy” to govern and regulate the supply of money and would appoint a body to keep the effective consumer purchasing power in balance with the supply of goods and services. Second, it would work out the net growth of the economy for a given period and would distribute new money—either as direct divi- dends to individuals or as a con- sumers’ discount on reta.il prices ——to equal the net growth. Third, it would bring in regula- tions requiring chartered banks to mainta.in up I0 100-Per-93.11‘ 1'9‘ serves instead of the minimum eight per cent now required. Mr. Low, campaigning f0'I‘ the March 31 federal election, out- TORONTO ‘Continued from page 12) Bailey SA 0 400, 770 750 no . Bail S 5"‘/41>!‘ 2110 $23 22% 23 > Banff 1000 180 180 130 ‘+5 Brtalta 200 145 143 145 +3 Cabanga 1500 40 40 40 -—1 all Ed 1450 320% 20 20% + Ma Calvan C011 330 400 400 400- C Oil L wts 500 75 75 75 +4 CS Ojl wts 1200 55 65- 65 +5 CS Pete 1226 390 335 390 Cdn Atl OI! . 500 440 425 440 +25 C Chieftn 1800 91 90 90 C Deca wts 1200 11% 111,41 111/.1 Cdn Dev 1700 585 575 660 +5 C High Cr 1500 43 43 43 --2 C Husky 4146 1000 900 1025 +50 C Husky wt: 480 500 490 490 C Prospect 2250 199 195 195 -—-3 Cause Nat 200 101 101 fl 101 --1 Canso Oil 200 111 111 111 v4 Cent Del 514 745 740 740 —-10 Charter 011 500 170 170 170 +5 C East Cr 2000 33 33 33 C Mic Mac 950 255' 52 252 —-8 Con Peak 3000 6 6 5 C West petty 600 635 625 625 -10 Cree on 400 375 355 375 +15 Cree wts 1300 175 168 175 —-2 Dev-Pal 5000 127 123 127 +2 Dome Exp] 250 840 840 340 Duvex G700 9 7 7 "1 “xcelsior 1000 51 5'0 50 Fargo 2400 58) 570 580 -6 Home Oil A 545 $151_/4 15% 15% HBOilG 459$16%16‘10l/s-1.4 Jupiter 000 232 229 2732 +3’; Marigold 2400 10 10 10 -2 Medal 5124 260 856 260 Midoon 15000 76 74 76 +2 N Chamb 1000 111 111 111 +1 N Concord 500 as 28 28 N Cont -5000 30 30 M N Gas Exp] 2525 120 1.18 118 -5 N00 wt: 500 120 120 120 +10 NCO pr 45 6291/; 29 29% Okalta B00 145. 142 142 —— /2 Pac Pets 1235 61:71.6 17% 171/4 — 1/is Permp p!‘ 2700 168 162 102 -—-6 Petrol 2400 B2 52 52 -3 Phillips 650 70 70 70 o5 Provo Ga: 3200 265 260 861 —-2 Quonto 10750 11 , 0 1.11 +2 Richwll 600 120 120 120 \ Rocky Pete 5600 14 13% 18 + Va Royaljto 1275 S12 113/4 12 + ‘/4 Royalito pr 25 $2395 8% 23% Sapphire 3000 65 60 60 -—-I Sapph deb: 70 $30 3_0 30 -1 Scurry 3000 216 213 213 ——1 Secur free 800 460 460 460 -15 Souris 2500 10 10 10 South U 1500 15% 15 15% + 56 Spooner 5700 20 19% 20 Tea: Cal 500 35% 35% 35% Trans Can 2400 73 75 +3 Triad Oil 2800 450 440 440 Un Oils 12337 192 188 190 Wayne 1000 10 10 10 Westburne 700 68 68 68 +3 Wespac 1744 29 M 28 -1 W Maygiu 300 168 155» 1023 +3 W Decalta 1000 170 165 165 --8 W Dec wts 1000 21 21 21 +3 W Naco 500 105 104 104 Windfall 5000 13 12 12 W Can 0G 3800 170 16 16 -9 w Can its 1300 12% 12 12% + to Yan Can 2000 6. 8 6 Curb V , Dalhousle 500 14 14 14 —-1 BANKS Mont 3.35 340% 40% 40% —- V4 NS 100 $52l;& 512’/é 521/5 Comm 770 $4294 42% 4230- 1/t Imp 94 $45 45 45 - + V; Royal 1528 $5334 53% 533/‘ + ’/I Tor-Dom 260 $39 39 39 INDUSTRIALS Alumini 34445 $30-7/y 30 301/2 + 1/4 Anglo Nfld 325 $5‘/s 5 5% + 1/s c Brew 290 $2714 27 271/3- IA Inland 900 861/; 6% 6% — M; Simpson: 569 $17 163/; 17 + 1/a Stedman 75 $27 27 27 Walkers 1330 $27 26-'5/4 26"/s — I/4 , _ Total seals: 1,975,000. MOST ACTIVE TORONTO STOCKS By The Canadian Press Stock Sales High Low Close Ch‘ge INDUSTRIALS Alumini 3545 830% 30 301/2 + ‘/4 BC Forest 3350 339% 9 9%; — 1/. Greyhound 3225 $101/2 101/4 10% + 3/4 Mass-Har 2795 96% 6% 6% Int Nickel 2787 $743/4 .74 74% + 1/; Midcon 1500) 76 74 vs +2 Un Oils 12337 192 188 .190 Qunnto 10750 11 9 11 +2 Anchor 9300 23 20 23 -1 Vice 8000 5 41/1 5 MINES Jellicoe 112440 21 19176 20 ——11/2 Tandem 50700 111/: 11 111/3 + 1/2 N Fortune 43500 is 131,4 16 +2 Rexspar 39800 49 37 400 +11 MONTREAL MONTREAL (CP)——In moder- ately ac-tive trading, industrial is- sue pri-c es were irregularly higher in all but two sections Monday on the Montreal and Ca- nadian stock exchanges. Banks and papers, were off. Bank of Commerce lost % to 421/2 and Bathurst dropped 2 to 39. The base metals, utilities and cons-tructions were all mixed to higher. International Nickel was up 1 to 741.4 while Asbestos drop- ped % to 301/'2. Refining oils and steels were higher. Both Canadian oils and Imperial were up 1/4 at 241/ and 39% respectively. Dominion Foundries climbed 1/2 to 261/2. The pipelines were evenly bal- anced. ' Among the mines and oils, pro- ducers showed general improve- ment and s p e c u 1 atives were mixed but also stronger. Trading was brisk. Canadian Atlas Oil jumped 45 cents to 4.40 and Op- omiska gained 30 cents to 7.75. The exchanges’ closing aver- ages show banks off .05 at. 45.10, utfli-ties up .2 at 136.6, iridustrials .1 to 243.1, papers off 6.01 to 1107.46 and golds up .37 to 68.71. Abitibi 23 GT Lakes 32 Abit pr 23“/l. How Smth 271/2 Asbestos 301/2 H-ud Bay Min 451;, Bank Mont 40'-‘/1 Imp Oil 891/2 Bnque C Nat 40 Int Nick 741/2 Bathurst A 39 Int Pap 331,4; Rathursz B 17%. Int Pele 3710:, lol but Mun-Eat 61/: lined the Social Credit monetary proposal to about 200 University of Alberta students in the 700- seat convocation hall. He said new money would be obtained from the Bank of Can- ada and would be turned over to the finance department and voted by Parliament in the same form as p r e s e n t expenditures are voted. The money then would be paid as direct dividends in a form similar to present old-age pen- sions and family allowances, or it would be used “to buy lower prices for the people" similar to the discount on milk during the war. Increased-reserve requirements for chartered banks would pre- vent this new money multiplying without control and causing infla- tion. I Future Of (Continued from page 1) a higher education without pay- ing the cost of board in either Summerside or Charlottetown. At the same time, he felt that there was still a place for the one room school. He said it would be most difficult to trans- port children of the lower grades for long distances, especially in the winter time. He said the raising of the standard of qualifications and the increasing of teachers’ sal- aries was a decided, advance for the cause of education. TEMPERANCE EDUCATION The Highways Minister com- plimented the Premier upon his program of teaching temperance in the schools of Prince Edward Island. . Mr. MacKay said many people are very much concerned with the increase in drinking which is apparent in both Canada and the United States. He noted that the First Queens member had ad- vocated the elimination of all permit books for the purchase of liquor but felt this would be “a grave error." To substantiate his remarks, Mr. MacKay quoted from a Chi- cago editorial which stated that the number of alcoholics in the U.S.A. has jumped during recent years from 1,000,000 to 5,000,000. The editorial went on to say that for every dollar earned by the Liquor industry, there was six dollars worth of damage done. It was also noted tha‘t,Eisenhower will not allow liquor to be served in the White House while he<is President. . OTHER SOURCES Mr. MacKay went on to quote Brazil 0% Mccoll I4 Bld Prod 411/: N St Cu 211/4 C Cement 283/4 Norandn 401/2 C Cement pr 28% Price 383/4 C Bnk Com 42'/2 Que Pow 901/.2 dn Brew 27 Royal Bank 53 0.111 Brew pr 28% st L Corp 131/: Cdn Celan ” 16 shawln 253/4 CPR 24’ eel 50% Cockshutt 8% 11 Steel 12% Seagrams 27% Walker #7 D Bridge 2?/s CANADIAN Dom Tar 12 Cons Pop 1! Founaati 191/4 Ford 749/4 Fraser 25 NEW YORK 1 NEW YORK (AP) -— Copper shares again paced an advance as the stock market Monday nudged close to its 1958 recov- ery high. The oils rallied. Rails extended small early gains. Steels went forward‘ temporarily but were mixed by the close. Coppers closed around their best. , ,—The Associated Press average of 60 stocks rose‘ 60 cents to $164.60, only 40 cents below the high of Feb. 4 after recovering from last fall’s slump. The indust- rials were up 80 cents, the rails up $1.00 and the utilities up 10 cents. The Dow Jones industrial aver- age rose 1.26 to 45.375. Ivts peak Feb. 4 was 458.65. Of 1,169 issues traded, 523 rose and 387 fell. There were _132 new highs for 1958 and 4 new lows. Volume totalled 2,580,000 shares compared with 2,430,000 Friday and was the best since 2,830,000 shares changed hands March 13. Of the 15 most active stocks, 9 rose, 3 fell and 3 were un- changed. Some Canadian mines followed American coppers higher. Inter- . national Nickel, a big copper pro- ducer, gained 5/3, Mclntyre Porc- upine 3/4 and Hudson Bay 1/2. Al- uminium Ltd. gained a half while Canadian Pacific, Dome Mines and D-istillers—lSeagram»s were all lower. = All Canadian issues on the Am- erican stock e x c h a n g e were steady with closing prices un- changed from Friday.‘ What stocks did: Mon Fri Advances 523 613 Declines I 387 255 Unchanged 259 245 Total issues 1169 1113 Beth Steel 39% Kennecott D1 Borg Warner 28“/Ii Monty W 36 C and 0 501/2 NY Cent 14 Cons Edison 49% Radio Corp 33% El Auto El 27% Std Oil NJ 51%: Gen Elec G07/3 Utd Aircraft 59 Goodyear 75'/4 Vanadium 311/2 Gt Nor By 33 Westngse 62%, Int TT 313/4. PRODUCE MONTREAL (CP) —— Agricul- ture department quotations: Eggs: Wholesale dealer prices to country stations, wooden cases extira-large 53; large 533 medium 52; small 50; B 37; C 25. Re- ceipts: 76. Butter: Current receipts 62%; fresh-grade creamery prints job price 64-66; fresh wholesale 63‘é. Cheese: F.O.B. factory, On- tario white 341/5;. colored 341,-2: de- livered Montreal, Quebec while -331/'2, colored 331/'2; wholesale On- tario white 36, colored 36; whole- sale Quebec white 341/2, colored 341/2. Potatoes: N.B. 75s 2.65 - 2.75, N.B. 50s 1.70-1.85, N.B. 10s .38- .4(); P.E.I. 75s 3.00-3.15, P.E.l., l0s .48-.50; Que 505 1.60. 755 2.25; California 1005 6.50. Slierbrooke, Quebec,. who was appealing to his people to curb drinking. A similar ap- pea] was made during the last year by Cardinal Leger of Mont- real and Bishop Macsachern of Charlottetown in his latest pas- toral letter pleaded for greater temperance among his people. “Surely when people from all creeds and from all parts of the country are seeing what a pro- blem we face from the use of alcohol a Temperance program will meet with approval among our citizens,” said Mr. MacKay. The Highway Minister said there was apparently some mis-' understanding regarding the standard of the Trans Canada Highway in Prince Edward Is- land. He said some people were living under the impression that the Island was below the standard in other parts of Canada. CLOSE INSPECTION He stated that in so far as specifications were concerned the local Government had nothing’ to do with them. He explained that the Trans Canada Highway com- mission ‘had their inspectors on the job at all times and they will not hesitate to reject any type of road which does not come up to TCH standards. The Minister had a little joke with the Opposition members from ‘second Prince and First Queens when he said they took credit for work that was being done in their district even though the work had been sponsored for months before by Liberal dele- gations from the areas concern- ed. He told the first Queens mem- ber that he had little doubt that the amount of work done in the district was a deciding factor in Mr. Myers election last summer PROGRESS REPORT Mr. MacKay reported that last year 575 miles of road had been giravelled and 125 miles paved in the Prince. He pointed out that in a number of districts so much of the road has been widened and improved that the representa- -tives have asked that any future expenditure be put into pave- ment., rather than improve any more. Reviewing the agreement reached with the former Federal Government regarding comple- tion of the Trans Canada High- way in the Province, the Minis- ter recalled that when the 90-10 proposal was advanced by the Ottawa Government regarding 10 per cent of the road, the Is- land Government was asked which portion of the.Highway they wanted to be included under the 90-10 agreement. “Of course”, said Mr. Mac- Kay”, we chose the portion on the Malpeque Road two miles north of Charlottetown and the Hillsboro Bridge. However when. we talked about the Hillsboro Bridge we were reminded that we_had an existing agreement which provided for 66 2-3 of the cost to be borne Federally,” said Mr. MacKay. ‘ He went on to tell that on the agreed to include the bigldge under the 90-10 agreement. MANY MILLIONS “Much talk has been made of the $2,500,000 which the Diefen- baker Govermnent has given us- and I am happy for it-- but not .many people realize that under this Hillsborlo deal alone, the Is- land is better‘ off by about $4,000,- 000--‘through the generosity of the St. Laurent Government.” He said the Trans Canada Highway alone on the Island would account for $8,000,000 from the Federal Government. In ad- dition to this Mr.‘ MacKay said,” we have had millions poured into this Province gy the Liberal Gov- ernment at Ottawa.” Mr. MacKay said the western approach to the Hillsboro Bridge was coming along well and 14; S~I'lG\IV Joins I (Continued from page 5) merit finances were in such bad condition. STABILIZATION '1 the new ‘federal price support He stressed the ilrhportance of stabilization legislation which has been passed on the statute books under the Diefenibaker Government, He explained the many advantages of the bill and said that, “this is the best legis- forth by any government in Canada on behalf of our farm- ers”, Mr. Shaw mentihned the laxity with which some of 0101' local G_overnment offices have car- ried on the affairs of our Pro- vince, and that the day is not too distant when our voters will have a voice in electing a new Government here. ‘ He spoke of the many fine qualities of the federal candi- date and asked for his support on election day. Allister H. Stewart cap-ably acted as. chairman and brought the meeting to a close with “'I‘-he Queen”. GRAIN W-IINNIPEG (CP) -— There was moderate activity in all grains Monday on the Winnipeg Grain Exchange. Most of the activity was in flax. Prices were irregular and showed hesitation at times. Lakehead prices for class two, IWA and domestic wheat were all up one—eighth cent from Friday. Closing prices: Oats: May unchanged‘70; Jly 1/; lower 69% - :1; Oct 3/4 lower 687/sa. Barley: May % lower 903/ib; iniisvtence of the Premier, Ottawa ' lation that has even been brought I lfrom I Roman Catholic Arch-lwas hoped that the eastern at?- ’bishop in proacli would also be completed within the year. He said tenders would be called for the bridge proper would be well toward com- pletion in 1959. GOV’T GARAGE The problem of securing and retaining qualified help at the Government garage was dealt with by Mr. MacKay. He said a great many of the new employ- ees had. no previous mechancial training and with the machines becoming more and more com- plicated it was seen that some system must be devised to give training on the job and perhaps extend the training to pro- spective employees. With this thought in mind, the OLMA oF P.E.l. S041 1 81 CHARLOTTE Department sought and secured the services of Mr. R-oddy, a former chief instructor at Nan- aimo Vocational School and classes are now underway at the Smith B-airn outside of the City. VOCATIONAL TRAINING Mr. MacKay said it is hoped that during the next year a re- gular syllabus of study in heavy diesel equipment will be includ- ed in the Vocational School train- ing through the co-operation of the Department of Education. Turning to snow clearing, Mr. MacKay said the Department has been trying each year to in- crease its fleet of snow plows. Six new units were added last fall. He noted that the snow in‘ the NS <0"i‘\ five color 1 western part of the Province was much heavier than in other areas and by lending the equip- ment from other districts a spe- cial effort was made to keep these roads clear. Mr MacKay told of putting on extra equipment which had been requested by Dr. Phillips so that he could attend the P. C. rally of Prime Minister Diefen- baker.” We try to please every body, whether Conservative or Liberal,” he added. ANCIENT SCHOOL Elizalbeth College for boys on the island of Guernsey was founded by Queen Elizabeth in The all-new Beatty Cromatic com- bclnes attractive styling and distinc- Choose Pink, Yellow or Green with gleaming white ‘and ustro chrome trim. A spotlessly clean wash -.in 5 to 7 minutes. Automatic wringer stops rolls instantly and swings free- ly to any desired position. Insulating air-space between, tub walls keeps water HOT. Stainless steel tub. GUARANTEED FOR TWENTY- FIVE YEARS. ‘Reg. Price . . 239/.95 Less Trude-in . . . 1563. with peak performance. 60.00 79.95 10.00 down . . . . 12.00 monthly Liberal Meeting Held Last Night In Hall At Crapaucl A packed house greeted Lib- eral candidates J. 0. C. Camp- bell and E. D. Reid when they ar- rived at Crapaud Hall last night. Each speaker dealt with various phases of the Pearson Plan, par- ticularly the sections that applied to this region. During the meeting the audi- ence was entertained by music furnished by Mrs. Kenneth Payn- ter and Mr. Jack Leard, and a reading given by Miss MacLeod. Each number was heartily ap- plauded. l Mr. Robert N. Dawson acted as chairman. Housing Starts Show Increase OTTAWA (CP) — Housing starts in Canadian centres with a population of 5,000 or more rose sharply in February to 4,874 from 1,773 in the corresponding month last year, Central Mort- to miss. Reg. price ... .... . 219.-95 Less Trade-in . . . . 60.00 10.00 down . . . . _, 11.00 monthly; General, Electric General Electric appliances have earned their reputation " for depend- able performance. This G. E. washer is no exception to the_ rule. Car- ries a 4 year warranty on mechan- ism. Full porcelain tub -- inside and out. Double action safety wringer. : Equipped with drain pump. Ho1man’s brings you this HIGH QUALITY washer at, a price you can’t afford / rubber base ‘ PAINT SPECI Alkyd rubber hose 0 odorless 3 satin finish said Monday. The federal agency Sam the February increase brought number of starts in the first tw months of the year to 8,319 u° from 3,227 in 1957. ’ " Housing iuiits -completed February increased to 6.284 ft-cm 6,094 a year previous and mi in the two-month period to 14 3lo from 13,398. Houses under éonf struction at the end of February totalled 43,130 compared with 35. 386 last year. ’ :j_._________& GREAT AIRPORT Fifteen international airline; call at Karachi in Pakistan, 1-arg. est airport in Asia. . G‘-.~. l \ No Messy Mixing Tubes $10.00 or more. Only three weeks to wait until the season opens. Be ready when it ar- rives. Check your requirements early 9 GET YOUR FISHING LICENCE FREE AT HOLMAN'S Free resident fishing lic RODS 3-pc. _8% ft. split bamboo fly or bait rod with cotton carrying case. » 3-pc. ‘tubular hollow-glass fly and bait rods with cotton carrying case. ~ 0 Two-piece hollow glass spinning rod. . . FLY LINES “King Eider” double taper fly lines. FISHING BASKETS Fourteen inch willow fish-baskets at an especial- 1 I ly good price! ‘ ence with one purchase of fishing tackle of While fishing supplies are complete. Holmans have a complete stock to fill all your needs. Visit their Sporting Goods Department today- LANDING NETS Tubuler aluminum frame, heavy elastic carrying strap. 2.95 nothings gives greater Jrly 1/4 lower 907/sa; Oct -°/s lower 907/ta. Flax: May 3 lower 3.08‘/_-b; Jly 2‘/2-2 lower 3.04%-3.05’/4; Oct 11/4- 1 lower 2.831/2-3/1. Rye: May 1/2 lower 1.04‘,/s; Jly 5"/a-“/it lower 1.04b; Oct 3/4 lower 1.051/4. Prices for class two wheat, for export to countries outside IWA: 1 1101‘ 1.63%; 2 1.59%; 3 1.51%; 4 1.43%; 5 1.27%; 6 1.25%; 1 dururm 1.95%; 2 1.94%; 3 1.84%; IWA and domestic prices; 1 nor 1.63%: 2 1.59%; 3 1.51%; 4 1.43%; Mitchell Spinning Reel For the fisherman of distinction, tio_n than the, genuine Mitchell spinning reel with extra spool. Recognized performance. 3.95 6.795 5.98 8.95 strong cotton net, 1 I I J styles! now on display '. 1'“ x 5 0 0 . 4, “P #6 styles - colors - purl-erns‘ ~ wallpaper 0 exclusive studio masterpiece 0 easy to apply! 0 many pre-pasted designs! 0 many plastic coated! O durable and washable! regularly priced from .29 A beautiful selection of popular’ pastel colors" and white. A Benjamin Moore Co. produotwlhich is thoroughly guaranteed. It is ready-mixed — ready to apply - -1 no mix - - no mess. Save money in buying - - save time in applying-by taking ad- vantage of this special offer at Holmai0’s. per single roll satisfac- up. FISHING LURES 5 1.27%; 6 1.25%: l durum 1.95%; Z 1.94%; 3 1.84% i , Hornet Spinning Reel 7 .49 A special low price’ on this good- quallly reel. Light weight, oper- ates 111 smooth and efficient man- _ner. Holmanjs stock includes reels in every price bracket, 59c and Special clearance on this lot of fifty assort- ed styles of wallpapers which include pat- terns suitable for any room*in your home. Take advantage of’ the special discount price at H0lman’s Hardware . . . First floor. both stores. now less 5% I Complete_stock of “Longaphie” Flies, including streamer pattern flies. All popular spinning lures, including Dartee, and dozens, of other varieties. Make your selections early HOLMAN‘_S SPORTING GOODS . both st-ores SHOPPING IS A FAMILY XFFAI s,’ wisker bugs and regular Mlpps, Goldfish, Devil Spin while stocks are complete. Free . . . professional help in your selection! At absolutely no cost you may have expert advice on your selection of wallpapers, paints, furnitures and draperies. Consult Mr. J. D. Miller at Holman’s. No obligation . . HOLMAN’S HARDWARE . . . both stores . no charge for his services. ......—..—-.=u...¢...._...._.. =- E-egg-3 R AT'HOLMAN’S 1.,»-,,p_ can-ea"