,__

\

OCTOBER fl. 1949

wmrsn evsnconrs

IA “MW purchase of deep pyle ELYSIAN Coats worth

GREAT FAL SALE i

THURSDAY —.-

115E GUARDIAN. wanton-crown

FRIDAY -.~ ' SHIRTS-

300-Fused Collar: Plain Colors- ~llue. Tan. Grey. White

M sun's

SATURDAY

$50.00.

sill-E .,.... 39m

S3.50-—While they last . . . . . . . . . . . . . $2.50

HERE'S A BARGAIN! Full bodied. heavy fleece

Coats worth $35

SALE . . . _. . 25.1w

' WORK SHIRTS-

ENTIRE STOCK

Doeskins. Flannels. Gabardine:

25% 0FF

Extra

' FLEECE-LINED GOMBINATIDNS-

Heavy — Best Makes

$3.75—5aIe.ONLY..................$2.95

* rwseo rams to iseooi- NOW $5.35 * OVERALLS. heavy denim. $3.95 $2.95

* Fine all-wool Men's COAT SWEATERS Worth Sb-abarqain at .............$4.95

SALE OPENS THIS MORNING

'—PARKI-\S

Heavy Whipcord in Blue and brown - vlorth dollars more‘.

13%

HE

NDERSUN rl EIJDMIJRE

ul/HERE QUALITY is su RE]

S SUITS-

will

week-end on our Worsted Suits

priced to $62.00. ONLY 50 IN THE LOT

Towne Hall-Hyde Park

SAVE at 39.50

°—DIAMDND SOX 50 Dozen — Regular to $2.25

°-Flannelotte Pyjamas $3.95—While they last

PRICES UNMATCHED

save Dollars this

SELECTION THE FINEST

PAGE SEVEN

1.50 3.19

ll. S. Steel Corp. Financial Report

mow Yonsr, Oct. so _- (A?) _ United States Steel Corporation, giant of the industry, reported 10. day its net income was $39,171,144 equal to $1.26 a common share in the three months preceding the present strike of its C. l. O. union

workers. .

Directors. holding their first "Euler meeting since the walk- out. ordered a dividend of 50 cents s shsre on the common stock. the same ss was declared three months ago. it was made payable Dec. 10 to shareholders of record Nov. 4.

U. S. Steel's earnings for the third quarter of 1949 declined from $44,123,595 or $1.45 a share in the preceding period and compared with $84,599,132 or $1.09 a share in

the similar 1948 quarter,

This decline reflected s pre- strilre failing off in steel output by the corporation's subsidiaries. Their facilities were operated at 82.7’ per cent of capacity during the period, against 99.8 per cent in the second quarter.

Net income of U. S. Steel for the first three quarters of 1949 was reported as $133,223,409 equal to $4.38 a common share against $8B.042.150 or $2.65 a share in the comparable months a year ago.

Directors declared a quarterly .19 wast,

dividend of $1.75 a share on Pre- ierred stock. payable Nov. l9 to holders of record Oct. 31.

MUSIC ADJUDICATORS

SAINT JOHN, N.B.. Oct. 26 '- tCPi-Two of the adjudicators for the 1960 Now Brunswick Festival oi Music. to be held here next spring. were announced today. They are Do". C.S. Lang and Alex Redshaw. British musicians who with others will adjudicate festivals from coast

Heav

STANFIELD'S y Wool Work Soclrs

safe, some and durable;

ThloMsvh Iss1.

‘_-___

STANPIELD'S

and you can forget the weather!

Stsnfleld's Unshrinkable Underwear insulates you against chilly weather ; a a right where insu- lation is needed mosh-next to your skin.

_ Always soft, warm and durable, Stanfield's Underwear is designed and tailored for free- sction comfort. It won't bind, bulge, or shrink.

Ask to see Stanfield’: Red Label, made from 100% lambs‘ wool . z . or Stanfieidk Blue Label, the same quality in heavier weight. At all leading stores in combinations or separate shirts and

drawers.

. sTAtlFlillr$

British Tory lleieniis “Welfare State"

British Conservative Sir Graham Cunningham said in Montreal that “there is nothing wrong with the Welfare Stale."

Sir Graham, who is chairman of Britain's powerful non-governmen- tal Dollar Exports Board spoke at the annual convention of the Can- adian Exporters‘ Association.

ln defence of the welfare state. he said: "It is a universal ambi- tion to protect the less fortunate against the sufferings of economic disaster."

Furthermore he credited the idea of the welfare state to Win- ston Churchill's Conservatives. "That part o! Socialist policy which receives the most criticism abroad is the institution of the welfare state," Sir Graham said. "Although it has fallen to the pre- sent Socialist government to intro- duce that policy, it was, in fact. the conception of Mr. Winston Churchill and his followers who

supporter of the present Socialist government, but. I am a believer in democracy, and that govern- ment was put there by democratic methods, and to that extent I will defend it in all countries of the world, not matter what l may say about it. at home."

British social welfare plahs had caused "heavy taxation which I believe is over-burdensome, but in spite of oil these things, our achievements will stand up to any unbiased investigation," he declar- ed.

U. S. Runs Into Trouble Settling Greek Civil War

(By I. M. Roberts, Jr., Associated Press News Analyst)

The United States, attempting to liquidate the Greek civil war-— its first big underwriting job un- der the Truman doctrine for con- taining Communlsm—is running

had already laid the foundations for a welfare state during the war."

Sir Graham said that, while every civilized nation wished to protect its less fortunate against economic disaster. there was a jus- tifiable criticism of the present U. K. social welfare program. It had "been introduced too quickly and at a rate we cannot DFOPQIIY afford; and we all know the simple rule that you cannot go on spending more than you earn without incurring dlsaste ."

The Conservative financial ex- pert also hit Canadian critics of socialism.

"There has bedn in this and other countries, criticism of Bri-

into trouble on all sides. On the one hand the Greeks are reluctant to reduce the army they built up to fight the Communist guerrillas. They say the whole Balkan situation is too volatile for that. However, the Government ll showing signs of coming around on this angle, since it is really in no position to block U. S. wishes. The fact of the matter is that this year's appropriation for mili- tary aid to Greece was based on belief in the end of the war, and there isn't much money left. In the United Nations the U. S. effort to get formal settlement of the dispute has run up against the usual barrier. Cloaked by the dlr-

tish policy," he said. "I em not a

ect demands of the Balkan states

ii‘?!

ATTEll

l l l

tlmrso,

Unnitnwsan

TRURO NzSi

154 Great George Street

soars-crass

ALL MAKES or sicvctss arr/unto rnommv '- A Complete Line of , sronrs EQUIPMENT

SKATES SHARPENED-w-

SPORTLAND

‘I70 Kent Si’.

Just Arrived-Crested Sweat Shirts W.K.S. — Q.S.S. -— S.D.U. — P.W.C.

Kennedy's Allen's Wear

STUDENTS

themselves. the issue remains the cold war with Russia.

One of the big projects of the “peace campaign" launched by President Romulo at the opening of the current U. N. General As- sembly was a move to set the big powers together on the Greek matter, It failed.

Russia used the question of the Greek-Albanian border to snag there initial negotiations. The West- ern Powers supported a settlement under which Albania and Greece would agree not to resort to vio- lence over the question. Russia held out for final establishment of the border as it is now, meaning that Greece would abandon her claims.

Andrei Vishinsky tried to make this_appear the only barrier‘ to settlement. Actually, however, the whole matter of the dispute over Russian hegemony in the Balkans is involved. Russia has used the death sentences imposed on Greek underground leaders in an effort to balance the civil rights viola- tions for which her satellites have been condemned.

Now the United States is taking s new tack announced as aimed at

settlement, but which seems lfltisr ly to produce merely another Gen- eral Assembly condemnation o! the Russian bloc. If this is the result, it will be the fourth im- portant matter on which Russh has been publicly plllorled during this Assembly. The Assembly sided with Tito and elected Yugoslavia to the Security Council. It upheld Western charges of peace treaty violations in the satellites in the civil rights matter. Only yester- day the atomic control conferen- Ces broke up with five countries accusing Russia of putting her nationalism ahead of world scour- ity.

The new step in the Balkan matter contemplates s resolution.- to continue the U special. commission which has been study- ing the dispute on the ground. It‘ would thereby approve the com- mission's latest report blaming the Cominform countries for disturb ing the peace and blocking the H. N’. conciliation committee. It would keep the conciliation committee alive to resume talks i! thr- situa-l tlon warrants. _

When or how the situation,’

might warrant is not indicated. ,’

Phone 172i

Phone 21514

WINTER

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I l0 Charlotte Street

GOOD MOOD

I

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HARDIE AGENCIES LTD;

‘I58 Great George Street. Charlottetown

==’~.rl.;~si-_ _-t,.