B,C. LUMBER WORKER . Investors Have No Com ory told to inv ae 4 the rege ‘intone fein 1 prospect: the corporati ie plaint often quite different from that 1g fiezonations about the fi ions involved. The following is Financial Post (May 9) a h regard to the present posi fillan & Bloedel net Brot sents quarter or its fiseé 0 ue) am- 58c per share, compared 516, or 30c . share a en ago. the six months ended March 31, 1959, plete $6, 528,828, or $1,2. 3 per share, com- mara with last year's $2778.65 687, Earnings for ces mparison with last yea: sults is sree Ae the cease 12-w ition of MacMillan and Bloedel py “and uae Hea lost a share of tradition; markets to forei eign compels aadenas Ream d een ne compan pital position” ae 1959 1958 Bee sake oes bia, | £9 $ $ 101,320” 60,143 which ran el the last seven e first quarter and the oracle of the second al se quarter of the company’s fise year, Two-Year Comparison a cond iP 25. Sse or 98c and sales up 13% from $81.6 million to $92. 2 million, The ratio of net profit to net sales in the first six months was in the first 7,09% (7.61% in the fir: arter and 6.90% in the second) compar- ed with 3.77% ear and y Commenting on the outlook ay ‘ost of prod. sold 17,120,751 11,827,805 Depts dep. nded il 546 02 350,071 40.10 jer share di c Net profit ‘d—Defiett. cause of an electri dock fighting the fire. M. V. BESTWOOD, the ship pic picketed by the IWA in its cargo "following the fire which started when one of the crew dropped a paraffin torch w I failure in the engine room. Photograph shows the New Orleans fire New Orleans harbour, suffered $50. oat damage rel cor ia i he t the ced more lead? Was it socializa- | R f ik Newfoundland reveal that funds are urgently required. Seven hundred families are still dra IWA - relief. The Union owes $120,000 to the stones Be for grocery bills on account of food supplies, and a legal bill of $25,000 is still outstanding. Urgency Stressed: the 1959 fiscal Yeas one inv ment house analysis suggests vl approximate and in the’second half In tte 12 months ended March 1959,. company has earned $2. oA per share. rospects ther paper pro- ducts as well as pulp and lumber prodice): pe share, Yield is 292% at tind ated annual divid of $ war dines Tue oe Saar has low B.C. Forest’ Products From the same source, ae Be lowing information about Forest od icts was obtain in British Columbia Forest ducts earned $1,546,902 or nae a share after taxes in the six months ended March 31, 1959. _In the first te of the previous ison, cate President iG Dickey Housing Uptrend Upt. in U.S. and decane pease, oe has increased dem and for lumber peduetye “An increasingly greater pro. portion of our lumber sa et is now with the U.S.,” says the presi- "Meany Defines His Philosophy When questioned before the Senate Committe ee on Fed- eral standards for unemployme x George Meany, AFL- ts socialism is”. what eeaees legislation red at the ‘socialistic’ i- | always made that it is socializa- fons then is it social ali ation to ply the airline mpanies, through the means of federal sub- sidy, with an incentive fe develop whi He refer: See as is « company some years ago when to the Pacific oe ues on Coa: “If Socialism Means” And again President Geo. Meany au “T still don’t know bi socialism is, despite the things I have read. But, If so- that unde ee, Drive Mounts conducted across Cea to collect clothing sore- eae Saree, ue fei of | ly need th strikers and eevee we have, there are | their families in Newfo1 diane people, who desire to secure for | has met with striking success, le great mass of the people, the | according to recent rep In workers, the wage earners, British Columbia, a number of farmers’ and others, a better | LWA Local Unions have been share of whatever wealth the | deluged with fl, of clothing, eco! roduces—and that by which when arded were Provaine that better share ete artily appreciated. by vide a er base of ae the recipients. in keep the ezonom The office of D: ars forward e THAT i reports that tteraly hanced sociali socialiat ee have been a social. | the strike area, Each Local Union has been advised of i type of all my life. 't figure that, bu that ans, that is “y if Sia socialism me: clot thing most suitabe for the area nd the climate. Local usin “officials ex: have an srne meee try, wl we ba‘ aly need i es et War? ‘as ee socializatio: appro- priate $2 See aS anee an aeeaconet lead mine in Colorado aa ¢ the country happened to | cialism.” is he sort of thing I am interested pressed _ pleas} ne thi tat the greater ” Meany concluded his is ses co ssme! saying: | ed was of eee pee § it again, that the record | sons rere d should contact the will Br that almext everthing | nares Iv cal inion for that meant a bett le for ae advice scant arte of cloth- and d, little people, was at ing most urgently require ship) ipping arangement: t market price of ee If socialism ranged between a high of $4474, a f $3554. I ocialists advocated. oo Syst in the early days of this ticular public service over them- Ives. President Meany put up a good defence when he also said, “If it|;wa PICKET, FLOYD COLLINS, is socialism to use public money |the M, V, Bestwood at the Poydras St ippamilla rar atioaliculdven | see cargo of newsprint man f course, that char; ufactured by the An: rge is] Newfoundland, where the IWA is currently on strike, Ark sWOBkERS ON ice OF “4-443, Laurel, Mississippi, ? Sraet Wher, Ney, oe letting the iin glo-Newfoundland Develop rand Falls ment Company,