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OSHAWA lCPtCanadus un employment tlllliculties might b5 aggravated II action is taken without mplele and care lul examination 01 till entire problem Labor Minister Starr said Thursday night It is nly hope that the studies uhich are currently in progress both in Parliament and in Bri ous branches at the government will be helplul in evolving con thcse matters he said The labor minister was addressing the Ontario Provincial Daily Newspapers Association Earlier Thursday Senate Fears Jobless Issues To Worsen If Study cummnlrc on munponcr decided to launch an intensive iniestiga tion 01 unemployment problems in Canada The research project will be headed by Dr John Dcutsch oI Queens Unlelgtl WOULD Motli ERRORS liclerring to the Senate rum miitens work Mr Starr snid action taken without it lull knowledge or all the uicum stmctlre measures to deal niihlslanccs and Mimi lull underMM ALLEGED Jstanding ol the probable consc qurnccs at such action might like lend to aggrarnic the di llculiics This is why it is necessary STOCK MARKET TORONTO itCPt Investors made no pretence at their lack of MJidcncc in the stock market today as trading dropped in al most every section The 11 am volume was 453 000 compared the 371000 shares traded at the same time Thursday British American Bank Note showed industrial the way down with drop of 275 at 493 with international Paper oll 15 at 10+ Among the handlul of winners Canada Steamship went ahead at 43 gt International Nickel ch mines lower with drop cl at 5371 with Steep Rock all 25 cents at $8 and Kerr Addison and Noranda an 1n at 1079 and 35 Peerless was all live cents at 20 cents on sale ol 142000 shares Geco went ahead It at 1E Hol llnger was up at 22V and CominCo improved in at 19 On Thursday industrials hit their lowest point in month Index changes Industrials oll 394 at 49244 goldsoll 31 at 7669 base metals up 06 at 15477 and western oils all 74 at 8323 Volume was 1500000 compared with 1501000 Wednesday In industrials losses predomi nated in every group Compiled at noon by rrvn Mosr ACTIVE DIVIDEND DE Untveml Control inc common 712 Jub IS Industrialc down 144 Golds up 01 Investors Show Confidence Lcick Among papcrs Great Lakes ilost Hs at 39 Crown Zuller bach was all point at 41 Con solidated lost at 41 and to tibinnd ltlacltlillan 3100ch were all at 40 and 15t2ltIicLarcn up two points at E7 and Minno sota and Ontario up point Steels continued to reflect the depression in the industry with Stulco all 10 at 7030 Canada Falls and Dominion Foundries both oil at 2081 and 403 and Algoma oli V4 at 32 Bank of Nova Scotia was oll at 593s TorontoDominion oil at 511 and Bank ul Montreal lost 16 at 533 innpire Lilo Insurance dropped 3V at 56 Federal Grain lost at 45 and Aluminium and Walker Gooderllam were off point at 30 2nd 354 Mining Corp ol Canada led mines with gain of at 1070 Falconbridge International Nickel and McIntyre Porcupine were all ahead at 12 54 and 24 Labrador was at 18 and Giant Yellowknife lost 55 cents at $8110 Algom gained five cents at 5990 and Gunnar lost 10 cents at $770 In western oils Canadian Husky was off 20 cents at 3505 and Dome Petroleum dropped 10 cent at $770 TODAYS STOCK PRICES Flynn 11 Collier all Barrie INDUSTRIAL Asbestol ziti Can tuner 41 Massey Fem Abluhi Paper 501 consumers Gu 39v Narandn Alzoma steel 114 nix song auto Nor Ont NG Uuminiurn Ltd at noni Found in Moore corp Alberta Ca 10 mm Stand 51 Pacific Pet Atlas Stel 2W Dom Tar 14 rem Pips Bk at Montreal 53 Famous Play 191 Que Nat Gas Bank or its 59 at Lake 10 Roe Bell Tel on an ant Paw 3in Royal Bank Brazilian 150 Harden Farms nth Si Law Car 841 oil 25 Home on inn Salada shim ac Power 11 Hudson Bay sun 47 Slmplom Cdn Be or com so Imp Toocm 1111 steel or Can can Breweries 151 lm 011 mi sieinocrs CPR 25 in Acre 10 Ton Dom air Camd Content 27 inter Ni at SS Tram Cad Pipe 17 can Chemical interprov Pip 557 Tradch Pin 17 Can curt Iso Jockey Club 215 Texaco 50 Canadian 011 ll Loblaw PM 30 Union Gas 15 Con Min Sm 19 Mac Powell Itlv 15V Wllker saw 353 MINING Can mu its Falconoridzn New Hnscn Clmp chili 595 Gocn Mine coldsueam Cen DeL n10 41a Gumm oncrnislu Con North 42 Houingcr Qucmnnt Can Dentson 030 KernAddison Sher Gordon Con Morrison 10 Lamaaue Stezp Rock Con Hall 50 Maritime Unlled cu Dulzon New Myl Waite Amuch Sullivan 151 Nomcini 200 wutsey mils AND orLa non Telephone BA oil Dominion stores steel or Canada steep Rock CLABATIONB cents payable July to ex dividend Ionom STOCK EXCHANGE INDEX 11 Metal down 46 all down 10 nowatle NEW YORK AvERAuEs Industrial up 130 Rnlla down 11 Utilities down 09 40 Dead Missing lifter Korea Blaze SEOUL South Korea AP The newspaper Tonga Ilho re ported today 40 persons are dead or missing are injured and 40000 are homeless alter lire that destroyed the entire market INVESTMENT cults Crawford and Co Ltd as nunlop st PA 02407 oNnAnio nvnno 130an Ild Ask 25w April 155407 0700 0000 2427 out 100550 0075 0575 20in June 100171 0050 0150 Mar El£3 9500 9550 Mar 195253 9500 9550 May 15 105254 9000 0330 Int 150054 0250 000 Dec15 105055 0050 0100 Apr IRES67 8300 REID 35 Jan 655 57 Ill 6750 30 Nov 105750 5525 0475 55 Apr 100070 0350 5425 June 197171 7950 limit me May 105455 0100 0200 am Mar 107577 00500050 50557 May 15 107479 7050 0050 was int 15 107470 7050 0050 0517 nn 15 105400 0200 0500 45 act 15 1005 0505 0075 in Mar 105550 0050 11050 17 Jan 15 105507 0250 0525 April 15 105550 9100 0200 July 15 107274 0500 0700 Jan 15 107470 0500 0700 417 Mar 15 105407 0575 0050 Mel va 105457 9575 0400 VH7 July l5 195059 111511 €125D 4157 Oct 15 105004 0700 0775 402 on 15 100070 0200 0400 at Oct 15 107274 0000 0100 Mm liar 107570 0050 0055 £70 Feb 15 1052 0050 10025 tun Aug 16 107270 0250 0725 52 May 15 1000 0900 1075 April 105405 0000 0075 Nov 15 107475 0575 0475 April 107477 0575 9075 07 Oct 15 101570 0575 0075 Na July HIGH 1101 11175 501 July 1570 100711 10100 rec 15 1070 1050010550 fangu in 007050 101007101775 area of Taegu Damage to the important rail centre 55 miles northwest of Pusan was estimated at $8000 000 Police said hot pressing iron ignited chemical material in ithe 8000 ton tanker Atlantic lllat complelc and Cantttl ex amination be made In what appeared to be uord OI adicc to the Senate commitl ice and its rcscarcll tcam he iaddod That is why such an cxaniina tion must be to an extent guided iby Ihase whose knowledge of the problems based on long and lintiniatc acquaintance Describing unemployment tan expanding economy as paradox the labor minister said the problem has been made more acute because iii da termincd ellort to picture unem ployment in the light 01 na iional crisis and even as lore runner DI depression Such action he said is not in the public interest and is not borne out by the lacts He did not mcnlinn who was making the ellort Talk about depression at gttime when more Canadians are king than ever before when agcs in industry are at an all time high when production is up all along the line hcn exporLs are up is more than foolishit mi hicvnu Bank Interest Rate Increases To 296 OTTAWA tCFJThe Bank DI Canadn interest rate rnsc Thurs tday to 296 per cent imm 290 last week with the sale of 395 000000 in 91 day fiovernmont treasury bills The bank rate an indicator oi conditions in the short term money market last week had reachedits lowest point in 20 months but bounced up slightly this week 8000 Tanker Starts Into Canal PORT WELLER CP AI rlhough she developeda danger lous 13dcgreo list to starboard Deatcr Thursday began passage through the Welland Canal She is on her way from Mobile Ala to Eullalo where she will be converted to Great Lakes trade AUTOMATIC DELIVERIES NOW is the lime to fill your tank for summer to prevent condensat ion and costly repairs SIMCOE PETROLEUM LTDi NOW LOCATED AT Corner cl JOHN and ANNE 5115 PHONE Bos PA 82563 Res PA 85089 Edaon and Marshall Wine Props shop manulacturiug straw hats Ive been tnrnlnz the crank IIenry but the Window doesnt come Ilp Itl time we traded lor better our tram Harold Hill 1955 CONSUI CONVERTIBLE HAROLDHLL lug Ll SALES HENRWRONEYW Harold Hill 55 DUNLDP ST PAS21027 SERVICEN r€oér 035 noon DOLLAR MONTREAL ICP The Us dollar was at discount DI 2132 cent in terms DI Canadian lunds near noon today Thurs days noon rate was 98 1332 Pound sterling 8175 down 715 NEW YORK CF Canadian dollar 751 higher at 10Pi In terms or 05 iunds Pound stari ling 132 higher at $280 732 NET EARNINGS By THE CANADIAN PRESS Argus Corporation Ltd mos ended May 1960 520355 30 cents share 1959 31357311 72 cents South American Gold and Pla tinum Company year ended Dcc 31 1959 net loss $108777 915 net profit $841811 ll cents share Hog Prices Iulnp Cattle Steady Ilt Public Stockyards This Week TORONTO ICPI Slaughter cattle sold at steady prices uiih some firmness on the medium grades this nett at the Ontario public Stockyards Veal call prices were pcr hundrcdneight lower Inr the week while ho prices we $150 tumfilm 1°55 last and more higher Lamb nriccs Cdg 1° Shipments Clowd easier on increasdd reiNova Scatm Th9 we ex cams ports to the United States Came receipts are some so Slaughter cattle Choice steers hcall less than last vcck aild 1200 head more than the some deck in 1959 Receipts lrom western Canada totaled 100 head 335 less than last week ttstcrn stock calles were 12 bead more than last week at 78 Shipments to eastern Canadian slaughterch totalcd seven car mmv cantith HAIR STYLISTS 38 Maple Am Earl12 Open creninrr by Ipnoiniment PA 84661 Seorgo lluvies llRio PA some CONSTRUCTION LTD ma manic Arum run1 run 17 mo 321 with sales to 2425 and an odd small lot at 2130 good 21 23 medium 202150 common is 119 good heilexs 202150 and an 104511 choice to 22 medium 1719 common 1+1 choice led year hngs 324 good 2123 good cows 17111 medium 1617 com mon 1516 calmer and cutter cows 1244 good heavy bologna bulls iii1850 common and med ium light bulls 141150 Dar In your reading FOB mom REPAIR WORK can groom mu FRENCH MOTORS 001m nooaa 020000 Illu DEALER It is Bndlord It PHONE PA 859 DA um TOTAL gasolines also Heres why There are two kinds of car engines high compression engines that need premium octane gasolineand the great majority of engines that use regular gasoline New TOTAL gasolines improve the performance of all carsand are available in both regular premium gasolines new White Rose and new White Rose Ultra Two TOTAL gasolines More benefits In yearrounddriving on new White Rose TOTAL gascr lines you can get from to 12 more mileage and up to more usable horsepower Owners of cars with high compression engines can re duce wasteful proignition about 70 and get over 145 longer sparkplug life These are just the measurable results The effective detergent action of eliminates the need for costly carburetor cleanouts Price TOTAL gasolines cost us more to makebut they cost youno more to buy No other gasolines in Canada give you all the benefits of new TOTAL gasolinesai any price So start usingand any with the new TOTAL gasolines Discover why the man who mtgbuys White R055