| ! 1 | ne | ! | Prince Rupert Daily News i t As I See It nesday, Oct enc ? @ally newspa ot jevoved t upbuilding of Prince Rupen f and Northern aad Central British Columbia, ¥ mber of Cer Pre - Aovcdit Bureau of Cireulations ‘ m D we * Association ay i Publis ince Ru; Daily News Limitea ore *. MAGO! : iG RY, Vice-President “ ~~ Subser ption R tes cs Lf 3 Per © ook, 26¢° per month @14 + year, 610.00 Daa i Phi poll ; t es E | as & ’ é . ¥ Office Department, Ottawa | “redit B. . Uncer Control . GF fal } doi the ke branch of the Retail Credit YV Granto: ’ Asso celebrated its second anniversary this week an oceasion to reflect on just what bayi.c of credit is doing to us. Are we handling i. sanely or are we getting out of our a : a, lepth and ints trouble? No doubt for some consumers, and possibly for me retailers, the danger signals are up and the its are open thead. ‘When credit restrictions vere lifted last spring there was inevitably a rush buying which to a smal] exteni ‘ i over-buoyant still persists. But those alarmists who pick their own statis- tics in an effort to prove that credit buying is aking us along a dangerous course are failing to take into account a couple of sobering considera- tions which show the situation to be much health- ier than they apparently wish it te seem. » The first is that Canadians generally are still ‘in a relatively good liquid asset position despite their buying on credit. Savings deposits, for ex- ample, are up six per cent over last year. Other yersonal savings such as life insurance are up, too. The second is that all evidence points to the ikelihood that when the figures are available it 1 be shown that the total amount of money ivailable for spending has grown even more than he gain in savings. Figures compiled by the Financia] Post dis- ‘lose that in 1950 personal savings were at a low figure of six and one-half per cent of disposable income {i.e., money available for spending after income taxes). In 1951 Canadians “saved” a great deal, about 12 per cent. For 1952, indications are that Canadian savings may be running half way between the two figures. No matter what the alarmists have to say, the fact is that losses on retail credit are phene nally low. Lesses to U.S. stores with annual cred sales between five and ten million dollars were la year eight-hundredths of one per cent for charge accounts and 22-hundredths of one per cent for installment accounts, Yet, like any business proposition, credit re- quires firm guidance and understanding. In pro- viding a forum where the svbject may be discussed intelligently, thered, the Retail Credito Grantors’ Association is providing a singu- lar service the ec mmerce of Prince Rupert. 73] Vail and its ute i BUSINESS SPX “ ~ TLICHT Toronto Siesk Exchange Wavers With Uncertainty of Future By HARRY KINGDON “anadian Press Staff Writer T : : oe ee . thought 72 now, put he doesn’t seem an) Uncertainty marked stock market dealings on “Now I've seen everything old man. “He's in good physical he Tor exchange las J é las r : in shape, and stays that way per- he Toronto exchange last week and was reflected in I HOPE Everyman will bea solid| haps because he doesn't smoke 1 declining market. . iz uccess in its new home. My/and he doesn’t drink. He's a Traders have been uncertain) This selling probably was not) hunch is it will be, with Zazu| rich man, tco, which can be a extensive but effect on the market which ha business United bout Korea, future onditions and the ~& 5 | Bravo Everyman IF | WERE ASKED to phophesy about the year 2000 one prediction iwould be that by then Vancouver would be uni- iversally recognized as the cultural capital of all Canada, On the good Old principie oi } “where the MacGregor sits is the head of the table” Vancouver has made good strides in that ection already. I could argue this, I think, re painting. It was }not by accident that Emily Carr was from these parts, nor that Lawren Harris settled here in une spiendid October of his life But in that art the hens are still sitting the eggs. Our young artists have not yet quite busted ll over, as they soon will, on 1 the theatre that Vancouver has lit field of the live it is up our twin lons with giant potlights, saying to the cold- fingered east Look ye, Look ye + v + THE WHOLE nation nas heard the s tory of the two all-brave, h, youngsters who gave yuver its now famed Totem wt ienever I read of new cess , I remember a & © su or motto I use to see behind a shrewd sales manager “Here's to the damn fool. He didn't know it couldn't be done so he went right out and did it.” In the case of Stuart Baker and Thor Arngrim there were two of those ‘damn fools.” Had they listened to the wise guys and hard-headed business man of the whole continent they would have known that “it couldn't be done.” Luckily for Vancouver, they went right out and built an all-year-round professional theatre into a whopping success. + + + with all due respect to tem I think Sidney Risk's| ‘yman theatre has done an « harder job. You might al- most say that Risk “went under-/ ground” almost as patriots do when their country is occupied by an invader, In the dark lean years when everybody said the real theatre was movie-buried, Sidney Risk kept his company together. They travelled all uver westerry Canada by truck and putton ana put mail try and helicopters in a year,” the man the post office department in RCAF KEY POINTS—-Canada between 1951 and 1954 to mak: defence. The emphasis of res fighter arm of the RCAF in a vesting about $2,000,000,000 ower the cornerstone of her t is being. placed on the matched by any other ) country. This map shows command and group headquarters , of the RCAF and 16 maior training stations ef the regular foree. On Jan. 1, 1951, RCAF manpower totalled 16,000; the present total is 37,000 and the target 42,000. Helicopters, Television to Take Part OTTAWA (CP)-Revolvtionary changes are coming for Canada postal system, deputy announced W. J postmaster Turnbull general ha Within a few years, push tronics helicopter television screens wil to use in a drive handling across ex to speed the coun “We'll have television scree! operation i who entered its horse-and-buggy days, back in 1915, sad in an interview Push-button = electro: will take a little longer-—perhap three years.” By late 1953, said Mr. Turn- bull, one-time secretary to the late Prime Minister Mac- kenzie King, helicopters may be taking off from some Can- adian post-office roofteps to beat downtown traffic snaris and speed up mail deliveries to outlying airports and com- munities, if the course, we won't main- in helicopter service our- elves,” sald Mr, Turnbull, “That id have to be done by some ervice with the post offi ying a rental or service fee.” Television would inspect mul- handling operations central pdst office pee Mma ome PUSH-BUTTON SYSTEM Inspectors, by merely flicking ould make sure handl- ers were on the job and keeping tl moving, SWILCD sion is incorporated in tectural plans for the new “e to be built at Winni- Victoria RE PORT by J. K. Nesbitt VICTORIA.—Social Crediters and CCF’ers are more than delighted as they see Liberals and Con- The way it’s shaping up now bus—bad road, mo read, wind Or i. political battles of the next yeather > Cg 9 a8 \ - ee el wes her. Tee casualty rate was few years will be between SC high—but the company lived on.’ .4.4 CCF. Liberals and Conser More than one star now in Lon- don or New York got his or her start with Everyman—outin the mountains and prairies where are men, and the plumbing'’s vatives in recent days have been trying to pick up the pieces and get going again but neither party was very successful. Each a . group came out of meetings in a Oe ‘Vancouver more confused than But you can't keep a go0d'ever, more downhearted, not man down—and now Everyman is coming into its owm. We have all heard of movies of burlesques taking over from the legitimate theatres. But when Everyman took over the old burlesque house and strip-tease theatre and lit- erally packed them in, yes, to it did have an Pitts hard on the heels of Lady s MacBeth, and even the parking States presidential election for been moving low volumes all problem licked ome time, and this week an- Week. . nario cther factor was added—the It remains to be seen whether trader who got tired of waiting. the firm upswing that took THE The upward leap of the mar- let last week was ascribed part- ly to prospects of increased ectivity in Korea as the Com- rmunists attacked and truce ne- otiations were called off. This week, however, Commu- nist attacks eased off somewhat. ‘iso, many observers felt that the influence of Canada’s Les- ter B. Pearson as the new presi- aent of the United Nations); Assembly was having a con-} ‘iiatory effect on international | that traders have decided to bu or whether it was merely day’s sharp declines. the week with a genera] declin ward Wednesday. The decline continued in bot! ilackening of demand for many| rise. sroducts, particularly metals. | place Friday was an indication The Torento market started ; ETTERBOX technical correction of Wednes- ATTACKS EDITORIAL Editor, Daily News: © Your editorial of Oct. * here as Liberal candidate. The US. election picture will) pattern: decline Tuesday, sharp appear to desire. wrobably be confused until the dip Wednesday that continued eturns are in. Traders will then| Thursday and then a general are others in the Liberal party, resent being made a football and the Kicked in any direction just to please Mr. Wismer or even the iecide whether to look for an | recovery Friday. sasing of excess profits taxes) From Friday to Friday, ind income taxes on corpora- | Toronto Stock Exchange tions under Eisenhower or for showed industrials down 4.33 at ©ltor of the Daily News. a continuation of them under | 313.32, golds down 4.51 at 82.50, | metals dow tan western che pat a pens to defend and are walling to risk defeat and enjoy the honor of walking alone and keeping com- ) pany with their own self-respect. Sutely, the great Liberal party as not already been reduced to combined | the status of a wet nurse for Stevenson. On the general business un-| certainty, Harold L. Trapp of | 120.08. Playfair and Company, Toronto, says: “Popular opinion these cetion In general business in the In the Montreal averages bamks were up 06 at 31.51, utili- days seems to indicate some ioe down £ at 87.7, industrials }, latter part of 1953 . . . The stock|down 2.9 at 163.31, papers dowtt’ gopig} Credit. market may be discounting an/1960 at 66488, and golds down a ai 3.20 at 61.78. “ae traders started to sell The Associated Press ave stocks they hed been holding of 60 stocks: was down 1.40 for an upturn in-the market.) $105.10. reel a up. “| lose all, then smile, GEORGE B. CASEY. 20 that turned into a sharp dip «ge, Oo {Oo bon? : Wednesday. In Montreal, indus- jaar Dut of Columbia” is a trials rose Tuesday while papers whaite slipped, but both turned down- the federal or provincial seat hit against Ted Appie- or whoever may contest The inference taken from your centres Thursday but was editorial is that t he Liberal lisputants. This might mean a|checked Friday by a general party is anti-labor, willing to stoop to any trick to defeat the New York followed a similar CCF as Mr. Wismer and yourself I for one, and I am sure there I imagine the Liberals of Co- lumbia feel they have a prineiple Politics is a hard game and must be fought from the bottom It belongs to the strong une. The rules are: win all or knowing which way to turn There is universal satisfaction at the appointment of Hon. R W. Mayhew as Canadian An bassador to Japan, He's well liked in Victoria, which ha been his home for 40 years. He’ help in staying young Bob Mayhew was as surprised | when | as anyone else in 1937 Victoria elected him, a Liberal, to the House of Commons. " Conservatives were shocked Victoria, for 30 years, had’ been strongly Tory—and here was a Liberal calmly taking the seat away. ; Well, said the Tories—a fluke; it wouldn't last. Well, it did— for 15 years, through three gen- eral elections, Bob Mayhew win- ning every time. Everyone thought Mr. Mayhew would go to the Senate about now. He could have had the vacant B.C, seat if he it. But the Senate’s too dull a place for | for life that a Senator gets. He'd rather be active—and his new job in Tokyo should keep him busy. It’s an important job, what with Japan coming back into the free and great nations of the world, and Canada and Japan being close Pacific neigh- bors, only a few hours away from each other, now, by air Mrs. Mayhew will go across the Pacific with her husband and will become mistress of Canada’s gleaming eiibassy residence in the Japanese capi- tal. And now we're going to haye another special legislative com- mittee—this time to inquire into the Buttle Lake controversy, whether or not Buttle Lake, on Vancouver Island, should be * dammed wanted | | fine time, she said, but missing him—besides, he} doesn’t need the $6,000 a year) servatives confused, scrapping among themselves, as well as fighting each other, unable to agree on any course of action. =: ; by the government's) B.C. Power Commission One would think all the facts are known-—there been | many hearings But Buttle Lake has entered the realm of politics —-and so the government is going’ to shelve its responsibility of making a decision onto the shoulders of a legislative committee One can't help but feel that there are too many committees, commissions and boards making decisions that the government should make. What are govern- have ments for, if not to come up with solutions for publie prob- lems? Premier and Mre We aA C.’ Bennett their ciety dinners they have already taken places in capital city so- They're invited to most at Government House, attend symphony concerts and first-night performances, public dinners and luncheons; Mrs. Bennett opens bazaars and afternoon teas Mrs. Bennett is a pleasant- looking woman, and the pictures so far taken of her don’t do her justice. A few weeks ago the Premier's two sons were here and their dad took them to lunch at the Union Club. Not many of the cabinet min- isters’ wives are living here yet, but they come to town from time to time. Mrs. Wesley Biack,; wife of the Provincial Secretary ; ‘and Minister of Municipal Af- fairs, has been here, having a her four boys, whom she left in Creston with her mother. SALE of LAMP SHADES ALL NEW STOCK 20% OFF RUPERT RADIO & ELECTRIC Phone 644 ; dian Bechtel Limited In Speeding up Canada’s Mail Delivery More of a boon to the mal sorter would be electronics mail conveyors, because a sorters arms can stretch only # fat, he is limited to about 60 pigeon holes when sorting out mail ‘But the push-button mach- ine could be used for about 300 pigeon holes,” Mr. Turnbull) said The letter is placed on a con- veyor belt, the sorter presses a couple of buttons, the letter is carried along the belt until reaches the required slot and a small mechanical arm flicks the letter into the alot “This will eliminate what we eall double handling, and will cut handling costs.” the deputy postmaster general said Alberta-B.C. Oil Pipeline Laid Quickly VANCOUVER-—-Pipe for Tran: Mountain Ojj Pipe Line under construction between Edmontan and Vancouver is arriving on the job at the rate of three miles per day and a total of 349 miles will be on the line by th jend of October, according to a progress report released by Cana agents for the ownel-company Total length of line is 711 miles More than 230 miles have been welded. Plans call for 350 miles of pipe in the ground before freeze-up this year, and com pletion of the line in Augus 1953 Five spreads are now on the job, Mannix Lid. gang of 500 men working near Biue River welded more than a mile of pipe per day during the latter part of September. This spread has now moved to Ciearwater, north of Kamloops Comstock Midwestern Limited spread which started Sept. 10 working from Sumas River to- ward Hope, distance of 43 miles has more than 25 miles lined up and welded. Plana are to com- plete this section by mid-Novem- ber. There are about 250 men in this outfit Another Comstock Midweat- ern spread is working toward Marlboro, Alta., operating at the #cheduled rate of 4500 feet per day. A third spread is finishing a! section near Valemount, BC., and will complete several rock) cuts and river crossings before) closing down for the season Canadian Pipe Lines Co, Ltd., Calgary, has the contract for 19 miles between Edmonton and Acheson. This gang has started ditching, stringing and weiding Of the 60 river and creek crossings, 25 are considered ma- | jor jobs. Total of 29 crossings) have been completed to date. Box 1279 (CP PHOTO) Farouk ° To Stand Trial CAIRO ® Former King Far- ouk will be ordered to trial for high treason and perhaps for other charges, Cairo’s news- papers reported today. The for- mer monarch now is living in a resort hotel at Santa Marinetla Italy. Train Derails In South Africa COLENSO, South Africa (CP) A Durban-Johannesburg pas- sengert train was derailed on an embankment near Natal Mon- day Killing 23 passengers and injuring Fi others Try Daily News Want Ads { ST. ANDREW'S CATHEDRAL CHURCH SERVICE OF PRAYER and WITNE The eve of the Synod of Election PREACHER: THE ARCHBISHOP OF BRITISH COW ray... Reflects y Reminice A boy should learn wrong at his Mother @Cross his father’s! 2 Most Widely fa 4 China tea llepess Sark is not destined 4 . breaker’s yard. She 7 & permanent berth a at Greenwich Engen memoria) to ihe aa Navy. That 5 More lip @ SKIPPING THE My When Grandpa Way he studied popular ) “The A B C's of Coy Srandchiidre ' * HOW Want With theX ¥ 24 tw? by se GAOCERCY t Genera) has « wu, Vice ribbons During fp of his Inspection jn the 6 Legion last evening by several Gating back many and had questions {A ONG WAY BACK : A picture of the Sp \May, high ang ay | Alaska coast appear | current Life. This is @ | Hime anyUbing of the # | occurred Since Wig popular pioneer coasue the mishap floating off next tide The spn. & Baver of Los Angeles aboard the steamer anc Was ren , recent SHIpE north Bet weer and noe in most of cities, people wing i Africa may be aie remis &pproach Loreaks ig Vitne BIG DEMAND { Close to two billion caps bottles are year made in Can IN CITY OF PRI NOTICE RE VOTERS’ LIST NCE RUPERT Registration of Householders and Lic holders for the Municipal Voters’ List clo 5 p.m. October 31st, 1952. Voters who have previously reqistertd either of these capacities and who have poid Tax or Trades License fees for the current do not need to re-register New licenseholders or payers of Poll should register at the City Hall between 94 i and 5 p.m. Mondays through Fridays All registrants must be British Subject the full age of 21 years, and in the case of Tax poeyers must have resided in Prince R continuously since January Ist, 1952 RW CITY CLERK. Noah Webster sayst Flair: Taste with taleat SLNOR a eeawberri¢l have it!