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Newspaper
Hamiota Echo
Location
Hamiota, Manitoba, Canada
Date
Aug 24, 1949
Page
6
A report from the Investment Dealers of Canada meeting in Minaki Ontario notes continued prosperity in Canada despite recent US recession concerns. Early summer figures suggest financial conditions remain favorable and expansion persists after wartime growth.
The figures show 6,600,000 bank accounts with a total of 4.048 billion dollars in Canada, compared with 4,060,000 accounts and 1.37 billion in 1943. There are 387,000 more accounts with balances over one thousand dollars than fifteen years ago, and employment rates stay high aside from expected seasonal dips in certain industries.
At the time figures were compiled Canada had 4,700,000 employed, 30,000 more than 1948, with only 110,000 unemployed. Economists disagree about the future, but purchasing power and employment are high, signaling continued prosperity.
The Bureau of Statistics shows unemployment insurance claims fell to 53 100 in June from 63 700 in May, with 80 400 ordinary claims on the live register by month end. Total payments reached 4 113 300 for June to 711 800 beneficiaries, with 1 855 800 days compensated. Average unemployment duration rose to 16.6 days.
W. J. J. Herron an Irish author and playwright and 37 year old Princeton graduate said Canada is a better place to live than the United States. He noted Canadians are relaxed friendlier and interested in one another as he returned to England aboard the Empress of France after a six month tour of Canada.
Buenos Aires endured its coldest day of the year on August 10 with a temperature around 26 degrees Fahrenheit. Ice glazed the streets and Mar del Plata reported its first snowfall in 15 years, a rarity for the popular resort about 200 miles south.
A compilation of light anecdotes and gags about family money, prison life, haircuts, holidays, marriages, obstinacy, and a pastor’s sermon misfit, ending with a child’s misheard classroom question and a misquoted Ruth tale.
Fisheries Minister Mayhew spoke in Winnipeg on plans to improve the fishing industry. He urged the government to take further positive steps toward realizing the Dominion's great fishery potential.
A note explains the sucre as Ecuador's unit of money with historical use and value notes. The brief overview situates the currency within Ecuador's economic history and monetary system.
Ottawa reports federal plans for a trans Canada highway with a projected length around 5000 miles and total cost near 400 million dollars. Reconstruction Minister Winters expects cabinet approval and provincial agreement on shared costs routes and construction standards before legislative submission. The federal contribution is projected between 150 and 200 million dollars.
In Winnipeg a Canadian bee expert says this year’s honey crop will fall to about 50 to 60 percent of normal due to poor Ontario weather and curtailments in the west. Last year surplus and government purchases of 3.5 to 5 million pounds helped fund beekeepers as Canada produced 45 million pounds, with Ontario contributing 15 million.
Regina tale recalls Joe Burton an elevator operator and a robin named Joey who share a loss of a right leg. They meet each evening in Joe's back garden where Joe digs worms for Joey. They have been friends for three summers. Calcutta is noted as the jute and shellac capital of the world.
The Edmonton Mercurys were named Canada's world championship team to play in London next March after a two day Canadian Amateur Hockey Association meeting. The team, western intermediate champions, will tour Europe for three months starting late December and returning home in late March or early April. The association also approved a gift of 5000 dollars to the Canadian British Empire Games Association to help cover costs for a 62 athlete team to the New Zealand Games next February. Memorial Cup finals are set to begin east by April 22 and Allan Cup finals west by April 29. President Al Pickard of Regina said the Edmonton club must prove it is of sufficient calibre to represent Canada.
Agricultural manager Sam Foster and the staff at the Canadian National Exhibition investigated $125 in entry fees for six livestock exhibitors. The entrants had listed breed names but omitted names and addresses, prompting officials to contact breed associations, compare with last year’s entrants, and reach out to farmers who breed related stock. They located all six exhibitors and allocated the funds to their rightful entries.
Dawson Creek residents used a waterless post office as village commissioners cut water citing a frontage rate dispute. Officials claimed federal exemption while residents fumed at the odd situation and licked stamps with their tongues.
A preacher announces a brief prayer period at the sermon’s end as Deacon Brown, half asleep, asks to open. Brown replies he already dealt with the opening, prompting a light moment as the service winds down.
Ottawa government announces in the Canada Gazette that the Mondays after Christmas and New Year, December 26 and January 2, will be legal holidays due to Christmas and New Year’s Day falling on a Sunday.
The Prices support board said butter bought at the floor price will be sold to trade at not less than cost plus storage charges. Canada’s butter stocks on Aug 1 totaled 56.6 million pounds, with 41 million pounds held by the dairy products board. The government has taken stocks due to below floor prices caused by spring and summer production. Floor prices ranged from 57.5 to 59 cents per pound across major cities. Pasteurized Milk Is Safe.
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