12 Sep 1950
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Sep 12, 1950
Page
1
Brief, disjointed text references Canada Sweden and Korea and mentions the Korean Peninsula, a distance of 135 miles and a 1949 total of 1 550 000 dollars. The fragment lacks full context or clear events.
Tokyo reports mixed optimism as UN forces repel a 50 000 strong Communist offensive near Pusan and seal a breach near Yongchon. Officers warn the front remains vulnerable while predicting a turning point only after UN forces seize the initiative and push the Communists back.
Percy Bengough urged price controls and expanded social security in a keynote speech to the Trades and Labour Congress of Canada. He blamed the lack of price discipline for the nine day railway strike and criticized the government and CNR leaders for not implementing a transportation policy.
The Calgary market showed activity with 925 cattle and 35 calves offered by noon. Prices ranged with good butcher steers 27.00 to 28.50, cows 20.75 to 21.50, stocker and feeder steers 27.00 to 28.00, and last hog sale at 31.00 a hundredweight. Weekend receipts totaled 529 cattle and 39 calves.
Base metal issues climbed to new highs on the Toronto Stock Exchange as brisk buying extended Friday's gains. Leaders Consolidated Smelters and Hudson Bay advanced up to $2, with United Keno Hill Waite Amulet Pend Orielle and Quemont hitting fresh highs.
Unfavorable weather across the prairie grain belt spurred aggressive buying on the Winnipeg Grain Exchange. Oats and barley saw shipper demand while May flax contracts jumped up to 13% cents. rains and frost prompted higher movement with closing prices for oats barley rye and flax steady to higher.
CALGARY Vincent Massey was elected president of the Association of Canadian Clubs at its final session. Resolutions urged uniform training and certification for new Canadian citizens and urged the government to consider new honors or a distinctly Canadian order similar to India’s Star of India.
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