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,