J'- 1 - -1 ft ,1 'J PAflF TWO vv W.WW.'.,AVAWASVASSWrt'AVAWWV.VAWV s I IS Nanaimo-Wellington Alberta Foothills and Bulkley Valley Coal Philpott Evitt & Co. Ltd. AC1CU11UIIC OJ1 Uf OJw THE DAILY NEWS. fKlMCfc KUreBT - BR1T1SU COLUMBIA Published Erery Afternoon. Except Sunday, by Prince Rupert Dally News, Limited. Third Avsnue H. P PULLEN Maoaglnz-Edltci AUVLKTlSIiNU HATtS Classified advertising, per wora. per insertion . . local rtaders. per line, per Insertion SUBSL'KlrTION KATKS City delivery, by carrier, yearly period, paid In advai.ee Paid In advance, per west . Paid In advance, per month By mall to all parts of British Columbia, the British Empire and United States, yearly period. paid In advance By mall to all other countries, per vear News Department Telepnons .... ! gg Advertising and Cu eolation Telephone . 9i Member of Audit Burran or Circulations DAILY EDITION Provinces credit unions are verv pnmmnn ness and from that time on commence to save money. PURPOSE OF SAVING Whllp 51 few nonnlo cava mrtnnir -Pav. .,,un f INDEX OF BUSINESS Slight Decline During October Re corded by Statistics Bureau OTTAWA, December 5 Wholesale commodity prices In Canada drifted lower during October and the Dominion Bureau oJ Stastlcs index fell from 74.5 for' the Week ending September 30 to 73.9 for the week ending October 28. This was a new lew since July 1936 and slightly more than 12.5 per cent below the corresponding period of last year. Five of the eliht major groups receded while advances predominated In wood, nori-fe: reus metals and chemicals. The grain Index declined from 47.1 to 43.2 which compared with 92.7 for the final week of October. 1937 Exports were light and the favorable Argentine crop outlook, together with the present large world stocks' weighted heavily upon price structure. Livestock values were lower also ns demand dragged, and the livestock Index dropped 5.0 M points to 69.9. Heats became cor-2S respondlngly cheaper and ' lard showed a moderate reduction. On $5.00 j the other hand. Increasing arma-.12 ment programs and growing in-50'dustrial activity stluulated non-I ferrous metals whiel raw rubber 3.00 1 registered a moderate gain a$ 9 OP prospects of a boom In automobile: manufacture became more defi' jnlte. Potatoes advanced sharply, when blight reduced marketable: supplies, and hides rose from 68.3 Moderate recessions in foods and ucloocr 10 A LKEIJIT UiMON rentals, icjiuus, offset unset to w some some extent extent by or taking a holiday, most of those who join a credit union do grade dwellln and workingmens SO for the nurnnse nf nwninrr thaW own inmo abes shared equally In the re- 1 ci - " nuim., tucii uwii . . cession , , fishing boat or something else of a substantial nature, i The man who has no money and no debts, starting from stock Market Bett base, Usually begins bv Paving in five. ten. fifteen nr Coinciding with the quickening twenty dollars a month for a certain number of mpnf New7trk,marketan.d ' shares in the credit union. When he accumulates enough XsTZSl to make a substantial clown payment, he arranges for a stock exchanges showed material loan with which to build himself a house. This loan is re- '""eases in October. The advance payable in monthly pavments, just as was the payment for was broad aU SUD-8rouP ,n-the shares in the credit union. dfexes "erc higheruL oing . . strength was exhibited by the c?..- i i- li.... Some People having saved a definite SUm. instead Of shares of base metal, beverage, ma- mvestmg in a home, decide to buy-government, bonds or chinery and equipment, building high class stocks with the money and thus place them- materiai and on sub-groups. Price selves in the way of being independent or at least provi'd- advances or sh market leaders inging in case tinos There are no strings as to cLaTwafkS meSonal what a person shall do with the money, once it is saved. Nickel, consolidated Minin? and He mav mst allow it to remain in the union as a credit and smelting and Ben .Telephone were take some more shares and thus increase his savings. impressive. After climbing rapidly The chief idea is t0 learn to save and to have a defin- licmoi50tun ?t?,ber 1 10 1102 on ite purpose in life rathe, than just drifting along, as manv n SZXZSTm JZ do. paying last month's living expenses with this month's finally closed the month at uo.e. salarv or "'ages. Th'.s is a verv hazflrdnns wnv nf liuinn- because if pnvthin"- hanpens to stop the salary, the per- son is left with a load of debt and nothing to pay it with. grrf NOT AN EXPERIMENT Credit unions, have proven very useful in the maritime provinces and the movement is spreading rapidly to other provinces. They were introduced into rnp Mutinies, by people connected with St. Francis Xavier University and have changed the whole outlook of the people of the Eastern provinces. Gradually the unions are working thpi'' wav .westward and it is understood the fishermen of Prince Ruoert plan to form a credit union amone-their members. Other groups will probably do the same as pow pp Vv have provincial authority to do so and the benefits of the organization have been explained. Oc-capionally members of a single industry or a branch of an industrv establish a credit union amoner the employees. It encourages thrift and makes for stability and a general improvement of the standard of living. Merchants benefit became thev have fewer bad accounts. The community benefit because of the increase in the number of home owners. The members benefit chiefly because of the changed outlook on life brought about by the fact that thev are owners of property or capital and cease to regard thenipelves as wage slaves. No one makes a profit out of the credit union. It is 0-operative and its affairs are managed by its members. U.S. Ambassador Flies to Greet Eire's President Joseph P Kennedy United States ambassador to Great Br n is pictured right with Dr Douglas Hyde first president of Eire ilrlFree State during the US. envoy's visit to Dublin Amcai-sadore Kennedy flew from London t3 meet the Irish poet and scholar. Monday. December 5. 1938.,to 80.1 for a jaln of over 17 per montn'y nX for thls.series ppIXTfr PEfiWl h cent rose xi.i oetween septemoer ana a avixivJ-i VJi-vAJJU On the mining market, ' base . . . .moaeraieiy nigner prices for fuels' V" " . . . AC me weeK-ena tne 01 resulted wnue SOWm ine exception! government lintlSh Columbia, in a decline in the gen-.5n,p proved the application application of of the the d city through Hon. John Hart, minister of finance, introduced ' of living for Canada from I mUn r Wt ,J5SjiU!!I!l0?S I Prince Gcorje for a loan of m into the Legislature a bill providing for the formation off" ta m.8,3.! SS'ti Z'l -. u. the creait unions m British Columbia. Other nrov nces have 7" Vv.. tt"l! . "s"rennr is. Wvm fr.m i4 "" wat Jitribuuon system. " " owiuic uuuao aim in tne xuai limit;, iooa index fell from 776 to 771 w jo.u on mc n.c leains fnr pom miiif nnfU. a 'base metal sub-group Index ad van l -w- -o d , ....... t pvwwN auu The credit unions are co-operative organizations. codnsh bein more tnan offset by"0"1 ontJJf ,tt0. formed by ten or more persons in any part of the ctiSfS ior tne purpose oi enabling its membprs tn hpmmp nnitnl.' j '. . . """"kf aim ouiuns. ceasonai advances In ists. i. Often peonle , yho , owe a number , of , bills .,, around prices of coal and coke caused the town join a credit union and borrow enough money to pav fueI ,ndex to move up from 85.3 off all their debts, paying the money back to the credit un- 10 85-7- general level of coal ion in monthly or weekly payments. If they do this thev .celdUwI)gv,the.upastlx "u have to pkdge themselves to refrain fronf gettin? any ZXSggZft&'&.Z. more goods on credit and by budgeting 'their; expenses mitant stiffening in fuel pricei manage Within a few months to nav nff nil their inrlphforl. followed a Drotractpd rf.iin Hnt. ing from 1921. at which time thr index stood at 109.2. After having recorded a steady advance since the spring of 1934. rentals reversed dl. rection and registered a slieht d- clln from 90J to 90.1 Middle tcu iium io-t.o a" on me isi 10 a nigr of copper lowered share prices con slderably lowered share prices con siderably and this Index closed the month at 312.7. The lack of in terest in gold shares may well be Illustrated 3.2 between October I and 31 t, 120.6. The dally Index for Dominion of Canada long-term bond price moving In line with other business indicators, showed an Increase oi 1.1 between the first and lastdavs of the month, closing at 117 J. The monthly Index was 116.9 as com pared with 116.0 for September. The Dally oaner. morning the worst of the cold Is over. by the movement t:wi Is an A. B. C I BE EXTRA CAREFUL Treat Colds Proved Way DouMy protfdAn world's largest colds-clinlc.ti.nd by everyday use tn more homesthan any other medi-C f vcatlon of iU kind. No vTJ L 1 "dosing." Just mas-v-V. ?2'e yPRub on i throat, chest, and JK , Yi I li 1 1 1 back at bedtime. Re- I I lit .1-1 1 lief begins almost at jpee- And long after sleep comes, VapoRub keeps right on working Its poultice -and -vapor action loosens Pnlegm. relieves irritation and JfUKBing, nelw break local conges- l CKS i DANCE & PARTY SLIPPERS : Two pounds flh iole. trout ; lobster, red mullet, cod, haddock Th tmAmrr Avrrtmnt. Vin a n. i Vtnllhiil ftfltmnn vsfr limi .crabs, scallops i the more different The local Elks Lodge held a terj prietor. The Prince Oeorge Hospitals As-roclatlon Is making formal application through the British Hospitals Association for one of the iron lungs which Lord Nuf 'field, British motor car manufac- jturer . - and - -" philanthropist. ..IIM,tklllUI9,l i3,-iKipo, ine oeiier me itavor. I quart fish stock or water t on clam chowder may be used); 2 onions, sliced; 4 cloves garlic (optional); Prince Oeoree ballroom on Frldat ttnmatoes) 2 tomatoes nr V, can stewed night, the proceeds bclne In aid cl 1 Pepoercorns; ..... 1 the lodge s Christmas Cheer work The affair drew a large crowd and was very successful .1 If Pnnnp Vnvwn Oitm. I bay leaf; 1 small strip orange pel; 4 tablespoons olive oil: ' 1 tablespoon chooped parsley;. nfm;: , " .uauy carry this) optlona ; oflmlt road farmer, has commenced 1 lAajtl nv. H the daHy Index for this group producing from a grist mill which' tna.,. -nKii-rv,nr.. n j ... .r ...... toasiea. - on u.4tc di uiuyfne nas esiaonsnea. jie u lurnin? out whole wheat flour, rye flour .,, . m " ' laying mash and supplementary "nU1 a.pal' brown add fuh grain producU tomatoes, bay leaf, saffron, salt , peppercorns, orange prl and fUh Fred Peterson local painter, his tock or water, and boll 10 min utes: then add lobster and hU. vf rvfl n .i., . f,h- nd cook 5 UkVIMVI(lft Ml UUUlIli J minutes longer money by unlawful means throunh a preicyJ,ana, mix ml? well, '" Pou P0"' .it f row. .m 1. -t ,nl a !fP dlh In which slice ol leged to have attempted to seh " w, arranJ- Or pour Into pieces of lead smeared with gold nd,WuJ UP P- Fish may paint paint to to Joe Sin, local cafe nrr.. ,mpd on Prate plaUs. and the soup strained end poured ovj toast. This Bouillabaisse Is a meal In one. Pickled bceU. shredded cabbage, or some other relish may bt rervtd with It, and a dessert ana tea or coffee completes the mea! It's a come-back-for-more dinner rnd the recelne will r i f ' - J fered to donate to every hospltn ,nrte pnthusiats, once they ar In .In the British Empire. Itlated, will find It none oo much , Provincial Constable M ,B. Mc-Braynehas baen transferred from rhere to'McBrlde where he will re Heve Constable R. J. McKinlay who has gone to TrnnqullJe Sanl tarium for treatment, , , A' Everybody reads the Dally New VapoRub There's a reason. C.N.R. Trains For Ihe natt Mondays, Wednesdays and FrJ- iy 8 p.m. From the East Tuesdays, Thursdays and Saturdays u p4l( KIDDIES! Give the Kiddies the Treat of Their Lives With a Visit to Toyland KAIEN HARDWARE I 1 I t TRAPPERS Do Sot Rrll Your l'nr to Mr Rldilrr llrlnf Thj U Goldbloom's And et UUhett Prim f.r Mink and MsrUn R.E.EyoIfson Chiropractor M CIOHTIl AVEXl'E ir Phone BLACK 211 I a dirt and Chitdrrn't Dressmaking EDITH .MIU.rR mlth Block rtione ni.i:r. r.t I a I.ateM l)rln In Itlack inrfI Silver and .11 slim. MUh.njA Low Heel. By "Mailne Arrived. Priced from- 88.45 10 85.00 Jiut Buy Your Xmas Slippers Now 1 While Sim Are Complete. Our Haute U Complete in ;u,y Depart ment Family shoe store ltD. The Home of Good Shoes Timely Recipes BOUILLABAISSE A Hot Time It What You Wsnt Thli Winter Y ran grl It by ntlnr oar famottt Kdon, nulklry Vallej or .Nnlmo-Wlllnloii toxl PRINCE RUPERT FEED CO. Thonet 58 or 551 REX Bowling Alley For Health and 1 SUm Walit Line Bowl For' ftexervatloni Phone 6SS THE SEAL QUALITY 3 ill GOLD SEAL Fancy Red Sockeye PINK SEAL Finest Pink Salmon Packed by the ly isJmoa cannlnc companj with n 11 tho yeur round parr011 10 prtnc Rupri n mm 1