DECEMBER 2o. 194s

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Am oiiering a few trios oi m, quality foxes, descendants of G|gnﬂﬂOll Champions. The price

l; riglll’. JOHN E. MURRAY!

Candles, P. O. . Barrie, Ontario

— = ‘ Stomachs tin"!

By Bread llhanga

{m0 Dec. 17- (Gilgﬂimzlrllgafirst ‘feiw weektsi of v caused a no on- Zﬁlgl: 2:21; Mine South Africa “maths, Qhemista reiport that :11“, m, been a sudden demand m isaaitvcs recently. The’! w’ m3 1a duo to white bread- A median expert sail: "Many gple will find that their stomachs m not function nearly as regular- do no‘. “.111 they tee] as comfortable ‘y “men they eat brown bread. n? ,5 only natural. Standard brown jmnea a fairly large amount o; material such as luau" “Peopm will probably tend to u, more fruit and vegetables to make up {or the lost roughage." gain a doctor st the S. A. Institute M Meaieai Research.

___________ molar: AVIATION roan

norms? - (c?) - India's ‘em-jag;- program o! development of civil aviation includes the con- struction of 2i new airports esti- mated to oost $162,000,000. Of ma, 95.000000 will be spent on the development of three inter- mumynl airports — Santa Cruz in Bgmbay, Dum Dum in Calcutta giiti Pulam in Dﬁlhl-

XAITNINT OF TRADE AND COMMERCE

TENDER. NO. GZS-Cll-l

SEALED TENDERS enclosed in envelopes marked according to e above Tender No. and addressed to The Fecretaﬂ’. C8"- adi-is Commercial Corporation (70 Lyon Street). Ottawa. Ontario, will be received

. (E.S.T.), on the 5th day 4t January. l0", for Alterations to Olil Warenouse-Ordnana Compound, Charlotte- town, P.E.l.

Tender forrna will be supplied by the Cuiadian Commercial Corporation u on re- aunt. No tenders will be considered unless

iida on such forms and all tenders ahsll Ea aiihisct to the terms set iorth or referred as in auch forms.

, ‘The Plans and E utiona are on exhi- bition at the cea of the Canadion Girninercial Corporation, Room i215, ho. 1 ‘ion pomry Building, (70 Lyon turret). Ottawa, Ontario, at which oihces co ie_s ml)’ l.» obiagnod uptoira gtlpzlll oi 82:. in also

oaino sec e ceque maepsyu n as tlia Receiver General oi Canada. ‘This deposit will be remitted when auch eopiea an returned in good condition. Fiona and lpaaidcations are also on display at the Gmcral Post Oﬂice. Giarlottetown, IE1.

Each tender must be accompanied by _a modiﬁed cheque on a chartered hank in (‘aasda payabFe to the Receiver General cl funds. or by bearer bonds, as speciﬁed in the form oi tender, for ton per cent (101%) Cl the amount o! the tender.

All deposits so made will ba returned nn- &, in the case of tho aiiccesslul tenderer ‘be should decline to enter into a contract for the work when requested to do so oi aaould isil alter accepting tlis contract to complete the same satisfactorily.

The lowest or any tender will not neces- Gily ba accepted.

CANADIAN’ COMMERCIAL CORPORATION

I. D. KoCARTHY. . Secretary.

max-d». Bumb- n. ma.

REIIEVE

paﬂnussiivs m

"1 lthero being gold in them ‘thar 3 ilillls-and gold that can be dug

Advance In Gold Shares SILVER = Seen Natural Reaction

By FORBE RHUDB ' Canadian Press Business Editor The recent advance in the price

o! gold shares may be regarded as a natural reaction from the low ﬂames at which they have_ been selling. '

Over the year the Toronto-Stock Exchange gold index, ivhieh Ls based upon the prices of leading issues, tell 23 points trom 103 in January to below B0 in November,‘ the lowest point since early i943. The swingback started slowlyNov. 24. '

Golds have been gloomy for most of 194B and it would not have been surprising it they had dropped more than they did. (The index was down to 50 in i942). That theydid not drop ,more seems to indicate there was a fair amount 0t support right along.

The chief factors that. have de- pressed gold are high costs 0! Pwdlictlvn and scarcity oi! labor, combined with the fact that its price is ﬁxed at $35 an ounce. That is. gold mines couldn't curler high costs by increasing the price of their product.

Now at long last, based on pre- sent indications, costs of produc- tion seem to have reached their peak and may head down slightly; and labor is easier to get.

Accordingly, as about 80 iii the, Toronto index was the low reacli-; ed in this discouraging year for- golds, they would seem now to be in a position for improvement. Also, production ls increasing, and mines will receive considerable money under the federal assist- ance plan, even if they don't, think it is enough.

It. is possible that the present advance is only a flurry, for there is no new factor beyond the fav- orable ours much have been ac- cumulating for some months. It there is a sustained advance its ciitem will depend upon how much golds have been sold unduly low in 1948, and how fast costs of production fall.

On a longer-term view there are a. number of things which could happen which would make golds highly attractive. Some dis- mal things could happen too.

When we say that the price of gold is fixed at $35 an ounce, we mean that that is what the Unit- ed States will pay for it, and that price has been recognized by the international monetary fund. PU!‘- thcr, western countries regard it ‘as currency backing and for set- tlement o! trade balances among one another. They don't. otter it on the free markets of the I-‘ar East where it is currently bring- ing about $95 an ounce. Some people think they should but the official view is that that price wouldn't stand up long if the United States chose V0 turn some oi’ its hoards loose. '

Nevertheless, the fact that peo- ple in the vrorld are willing to pay $95 an ounce in the scares free markets, is.one more factor of moral value to gold stockaeveri though they are not allowed to sell there.

Here are some gold pros and cons:

Pro:

Despite tendencies sometimes to pooh-pooh gold as a factor in the

has an age-old faith in it. Though no country is on a. gold standard in the pre-if/ld sense, it

rcncy.

It is a ﬁrst class “war chest."

Many believe the price of gold must go up. They think this be- cause virtually everything else has gone up since the United States established the $35 price in the '50s. Also, the $35 price was ﬁx- ed when there was much less money in circulation than there now is. 1i’ gold were now to be given the same relation to the amount oi money in circulation as it had in the '30s, it would re- . quire a higher price. | Sonic people get dreamy-eyed whinking about it and what ‘ tvouid do to the value of their gold ‘stocks. But remember that even _‘ mi increase in the price of gold l won't do any good to mineswhlch i; haven't any. So make sure there's ‘at least a reasonable chance oi

out at reasonable cost-before you buy. Titers have been, and will be

I8ll0leuitanll lliicle Ell!

BY Gllfiortl Macisiriii;

l from time to time. rumors of gold

strength of currencies, humanity,

remains a potent backing for our-'

TG-Vﬂllilllbﬂ. but it would seem reasonable to expect that a clearer’ picture of world currencies will, he required betorc such a decision

made. There is considerable argument about Just. what elect. it would have.

Con:

If, contrary to present indicat- ions, general prices should go up instead of down. or i1 there should be war, golds would again be hit. Gold in bullion is extremely valu- able in wartime, but gold still in the earth has to stay there be- cause costs are high and manpow- er is required elsewhere.

If the United States should de- cide the: she would no longer buy gold at $35, matters would be con- fused, though many gold men say they would be glad to get ac-hance at the free markets.

Or if the United States should cease to regard gold as a. backing tor currency, that would be bad. but probably no one expects her to do that, '

All in all, given peace and eas- ing costs. golds right now look 300d on the long haul—but watch

your step.

STANDlSl-l, Lancashire, England ——Twelve miners dug‘ with their hands to release Harry Wilson, 1B, trapped by a fall at Victoria Col-

liery here. Wilson is recovering.

THE GUARDIAN, CHARLOTTETOWN

llopcs Barbara Ann Will llult Garccr To Marry

Bl’ FRED KERNIB

NEW YORK. Dec. l9—(CP)—Il Barbara Ann Scott's mother has her way, the world champion tig- ure skater will quit her profes- sional career to marry.

Mrs. Clyde Scott o! Ottawa said in an interview today that Bar- bara Ann turned professional only because motion picture producers had sought her services for years.

“I never wanted Barbara to be- come a professional skater," lshe said, “and I don't care if she ever makes money. I'd rather have her marry."

In any case, aha said, she will never allow Barbara Arm to make "a skating picture of the type Hollywood has made in the past."

"Barbara Ann will do no skat- ing for the movies unless they can write better stories for her. Personally I prefer Shakespeare- Hamlet."

“Ophelia on skates?"

“Absolutely not!"

Mrs. scott has travelled with her 20-year-old daughter during more than l0 years of amateur competition and exhibitions- through Canada, the United States and Europa.

"I hate living out o! a suitcase,” she said.

"I've clone just about enough travelling for one lifetime. I don't.

want to sea Barbara Ann touring

WEST IDYALTY SCHOOL

Honor r011 for November: senior Dept:

Grade X—l. Barbara England; 2, Betty Hurry; 3, Freda McKin- non.

Grade Ix—i. Bernard Murphy: 2. Sydney Hurry.

Grade VIII-i, Charlie Lsnk; 2. Elaine Mclnnis.

Grade VH-l, Joyce England; 2, Billy hank; 3, Sterling Glover.

Grade VI-l. Mabel England; 2. Carmen Glover; 3, Lorna Hurry.

Highest average: Charlie Lank, 83.3%.

Icons. T. Cavanagh, teacher.

Junior Dent:

Grade V-l, Miriam Hurry; 2. George Thorne; 3. Fred Chowen.

Grade IV—l, Sally Thorne; 2. Ruby Moore; 3, Earle Moore.

Grade III Sr.-l. Ena Chowen.

Grade III Jr.—1, Patricia. Cori- nors; Z, Betty MacKinriori; 3, Earle Wakellri.

Grade II-i, Lois Moore; 2, Pol- l! Eﬂlliﬂd; 3. Gordon Lank.

Grade I-No tests.

Highest average: 93.5%.

Hilda M. MacLure, teacher.

Sally Thorrie,

WISBECH, Carnbrldgeshire, Eng- ,

land-Girls o! Wisbech high school are trying to raise £10,000 640.000) for a school swimming pool. ‘ the country for personal appear- ances or with an ice show-even if it is her own ice show.”

Mrs. Scott has Barbara Ann's rigorous for two weeks while the

professional debut here next Tues- day.

‘Pace NINETEEN

A Real Christmas Gift For Dad -An Overcoat;

Please him Christmas Morning with one of our fine overcoat: and at the some time obtain

25% Discount F

Over 200 coats to cheese from in blues. Browns. greys, ﬂeeces. veloiirs. Orombies. Sizes 35 to 44.

KELLY 6: MclNNlS

STYLEMART

PHONE 141 135 OT. O00. Sf.

been following] schedule

pretty skating champion prepared for her

Britain trill soon be producing enough meet domestic demand and leave Rvllerdum dcekl. ll the largest in as cu,- a surplus for export. 600

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