Prince
Rupert
Daily
News
Wednesday,
June
11,
1952
Business
Spotlight
By
DICK
BAIDIiN
Canadian
Press
Staff
Writer
Ilew
Type
Engine
Dream
ol
Canada
(oal
Industry
X
Lane
Cedar
Chests;
nfl'AWA
A
coal-fired
gas
.....
PHL'lii
operatine
at
half
$
It
II
It
?
W1'
.
....
Ilr.tf.1
nr.mitr.ma
s
4r
v
f
V
4
..
Toronto's
advance
Wednesday
while
all
sections
climbed
In
Montreal.
Toronto's
advance
continued
Thursday
and
yesterday
while
Montreal
prices
also
climbed
steadily.
New
York
prices
made
little
headway
Monday
in
quiet
trading.
Stocks
recovered
late
Tues
9
XV
V-
dream
of
Canada's
coal
ndusti
y
ivneiimciits
n
llie
turbine
1111
'
"I
'!.
fS
mu.
mat
Ti
;
'fejr-,'j'
"
"
iiiuu.,i,riais
aim
western
oils
flared
up
this
week
for
a
sustained
three-session
drive
that
boosted
the
Toronto
Stock
Market
for
Its
first
substantial
gain
in
three
months.
For
the
rest
of
the
market
golds
and
base
metals
it
was
an
uneventful
five
days.
Although
industrials
climbed
about
seven
index
points
from
Tuesday
to
Friday,
the
rally
was
confined
largely
to
leading
Is
sues,
iiopes
or
market
observers
that
the
upswing
would
in"
,it
pnii.
uonaia
ivioraeii
1J
.
.
1
I
....
II.
inillll
Pl:ilH
uaM;"
l"r
rl
roiiiiilctcd
within
five
-n
1)1'
The
federal
government
day
and,
led
by
rails,
pushed
sharply
higher
Wednesday.
Thursday
and
Friday
saw
an
irregular
market
advance.
From
B'riday
to
Friday
the
Toronto
Stock
Exchange
Indices
-....I
MS
.C(,iitnbiit..iK
about
$100,000
to
lie
pr),,('t'
.
.
flic
project
was
announced
at
lf
nd
r
a
two-day
conference
.,r.,l,
spread
and
thereby
point
up
the
-A
W
'
'
"
V
and
government
of
fi-
The
cedar
chest
that
is
noted
for
its
quality
and
beauty.
Be
sure
to
inquire
about
our
'
bO.Nfi
'II-,
KM
LAYAWAY
PLAN
FOR
CHRISTMAS
GIVING
Gordon
&
Anderson
Phone
46
olllistS
showed
industrials
up
7.18
st
319.05,
golds
down
.18
at
89.82,
base
metals
up
.33
at
183.23
and
western
oils
up
5.26
at
143.01.
In
the
Montreal
-
averages,
banks
were
up
.08
at
29.57,
utilities
up
11
at
85.2,
industrials
up
6.5
at
200.2,
combined
up
4.6
at
161.8,
papers
up'
28.43
at
694.34
and
golds
down
.32
at
66.68.
I,
Tin1
meeting
was
held
mjpr
tlie
auspices
of
the
Domin-'
owl
Board
and
Provincial
Irs'
ministers.
Tin-
3(1
(leleuatcs
also
discussed
underlying
strength
of
the
market
dwindled
in
the
face
of
slow,
cautious
trading.
In
New
York,
the
breakthrough
of
rails
to
a
new
high
on
the
dow-jones
averages
brightened
the
outlook
for
investors
and
market
technicians
and
lent
support
to
leading
Canadian
Issues
which
tradi
(iOINi
TO
KOREA
The
first
Canadian
musical
group
to
go
to
the
Far
East,
to
entertain
Canadian
troops,
the
Western
Five
and
vocalist
Lynne
Day,
left
June
4
lor
Japan
and
Korea.
They
are,
left
to
right:
Lynne
Day,
Montreal;
Eugene
Cloulier,
Marcel
Lafortune.
Oral
A.
Scheer,
pptpr
Portou
and
Cammi
Howard,
all
of
Ottawa.
rp
pHOTO
thi.s
of
overcoming
rock
r.i.
in
coal
mines
and
new
,f
fine
powdered
coal.
industry
spoKcsmait
saia
a
In
t.'cw
York,
the
Associated
Press
average
of
60
stocks
climbed
$2
to
$105.30.
tionally
followed
New
York's
lead.
Western
oil
followed
a
pattern
of
1
1
if
coai-wrea
luroine
Tl(Xl''l
I
already
been
produced
by
zrrland
and
both
Britain
r(i
i
he
United
States
are
spend-
1
.r
Hollars
nr.
M.
j
111
J
1
1
1
1.1
v.w.a
w.
similar
to
industrials'.
Leading
issues
attracted
steady
support
while
lower-priced
stocks
caught
sporadic
support
that
spilled
over
from
key
Issues.
'anil.
Oilirlnl.,
said
the
chief
selling
British
End
Siege
of
Radio
Berlin
ijiiii
of
i
lie
itirrjnie
win
dc
its
r
low-cost
powdered
coal.
I
lie
able
to
operate
at
ex-
:i
'.ii
Professional
observers
regard
the
week's
gain
as
an
indication
that
the
market
has
found
a.
,m,y
low
temperatures
lar
,,,,
,.i.
iently
tnan
the
dlcscl.
firm
footing.
The
advance
nmyj
The
Industry
hopes
next
yeur
c
the
railways
ro-operale
in
H
juint,
liuliisiry-Rovernmeni
rjW
In
I
ii
in
a
solution
10
rocn
JISIS
lo
llliorr
n
..vvt.r..i
Miil.'ieiiee.
A
party
of
Helen-will
be
sent
Into
a
number
be
expected
to
continue,
perhaps
slower,
and
spread.
Toronto
oils
and
industrials
started
the
week
strongly
Monday
but
closed
with
moderate
gains.
Other
sections
were
mixed.
In
Montreal,
papers
and
Industrials
pushed
upward.
Oils
reversed
direction
in
Toronto
Tuesday
to
lead
an
Irregular
decline.
In
Montreal,
papers
drew
steady
support
while
Industrials
made
little
headway.
Oils
and
industrials
sparked
BERLIN
(CP)
British
troops
removed
their
barbed-wire
barricades
from
Russia's
Radio
Berlin
headquarters
yesterday,
ending
the
seven-day
siege
which
won
several
concessions
from
the
Soviets.
British
said
they
lifted
the
blockade
on
the
station
inside
their
zone
because
it
had
served
Its
purpose.
Under
Its
pressure,
Russia
loosened
the
squeeze
on
West
Berlin
to
the
extent
of
yielding
several
border
areas
they
had
seized.
j
mines
mis
miiiii."'i
iu
iuu
ck
burs!
s.
Industry
officials
said
Can-
asi'oal
potential
has
been
cut
5f,.(Ki(i.ooo.oo
tons,
and
esti-
lrfl(fi
inat
i
lie
pui.cui.iui
can
uc
jrr.isi
d
to
approximately
200,-
((iikhiiwi
if
the
threat
of
rock
ir...i
can
be
stopped.
Coiilereiice
recommendations
II
be
placed
before
a
meeting
THE
Powell
River.
Company
Limited
and
The
Aluminum
Company
of
Canada
Limited
are
hopeful
of
cstablishing'a
large
newsprint
and
pulp
mill
at
Kitimat.
A
Management
Licence
for
timber
in
the
adjoining
coastal
areas
where
Towell
River
has
large
timber
holdings,
has
been
applied
for
in
the
name
of
a
jointly
owned
company,
Hecate
Development
Limited.
Surveys
and
studies
are
under
way
to
determine
if
the
project
is
feasible.
-'
,
;
provincial
ministers
of
mines
j
a
meeting
in
yueoec
in
tsep-
ir.ber.
"
it
pays
to
advertise
low"Skinny"Girls
Get
Lovely
Curves
VOTE
AS
YOU
LIKE
BUT
VOTE
Junior
Chamber
ol
Commerce
Rupert
Radio
&
Electric
.1
Ml
1
Ml
1
1
J
-
1
1
r.,.
lioulfl
this
mill
De
ouia,
it
wouia
neeu
lai
quan
Cain
S
to
10
lbs.
New
Pep
i..
hj
srj
n
rtiitrk
iwnv
Jv'h-lf"
"lwv
hnh
ir
It
!'
i
i
lit'
r
IniiwmW
m"'-
lts,""
w.i
hfi'w
lon'l
iMffHHnf
Mf.
...
imn
heir
"i
Imrorturtury
....-ui.,
-
Kioif
VW
TriMrtirn
!"nlf
,
w.
ii..ii.
km'
im
I
i,
ALXldMltfKhll.
tities
of
pulpwood
from
the
Interior
as
well
as
from
the
'
Coast,'
and
the
Company
wkld'expecttojsucin'nyf-
ior
wood,
year
in
and
year
out,
from
settlers
and
logging
and
sawmill
operators
now
located
in
the
district.
Hecate
does
not
plan
to
buy
saw
logs
in
the
Interior,
but
it
would
want
lodge
pole
pine
and
other
species
of
pujp
trees
not
now
in
demand
which
should
make
it
possible
for
logging
operators
in
the
area
to
sell
all
of
the
timber
reached
by
their
logging
roads
instead
of
only
one
third,
as
is
often
the
case
today.
W'
It
ought
to
be
of
benefit
to
all
those
who
live
in
the
area
to
have
such
a
market
for
these
products.
Redely
says...
"Justfhike
aj)cek.i
,
j
'
gift
f
for
Eh
i
triad
Housewares
Vcek!&
,
Electrical
housewares
first
choice
for
every
occasion
Gifts
for
yourself
or
for
somebody
else.
Appliances
that
bring
leisure
and
pleasure
V
to
the
one
who
gets,
with
a
constant
1
1
2
r-M
reminder
oi
me
one
who
givco-
vr-
ever
it
may
be,
whatever
the
occasion,
4.
.l
J
MM
I
I
V
k
it's
nice
to
give
something
""V
in
electric
housewares.
TW?4
i41i
HECATE
DEUEiOPMEtJT
UMITEpV.
CK2
'
7
IlarMc
Woihtr
P"p
the
clothe
in
link
t
twin
h
the
h(r
does
the
woik.
No
smihhing
of
j
Pritej
tn
suit
m
four
0(k(t-
Jt
BfXlk.
Il.ttrir
Ra-gt
Mke
rl
iw
of
tor
king.
Sivm
tinw
d
tneigv.
A
ye-round
in-mtment
in
htppines.
I
1LX
j
Vacuum
CUantr
I
Hoover
It
beiM.
"1
It
wpj,
u
it
cleans.
RuRS
1
draperies,
upholstery,
etc
All
sorts
of
aoplianre.
Ask
for
deffloastratioo.
S'lex
Coff
Makr
fhat
delirioui
ro(l
ran
mk
with
SI1.EX1
Viriotio
Ham.
Models
foe
kitchen
"nge
ot
electric
ubl.