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no Powel Cdn Bk of Con Cnnndo Cement Blisuiizss SPOTLIGHT CanddiansPlan Copenhagen Visit 31 FORBES BHUDE Canadian Press Business Editor Nearly 100 Canadian represen tatives Including accompanying wives plan to attend the meet ing oi the International Chamber of Commerce in Copenhagen Denmark next May This will he the largest Cana dian delegallon yet to attend in ternatlonnl Chamber meetings whidi are held every two years total attendance estimated at around 2000 from some 66 countries is also expected to set arecord Tbemeetihg wiiibe opened by King Frederick and delegates will be received bythe King and Queen lngrid The Chambers only meeting in Canada was in Quebec in 1949 Since then it has met in Lisbon Vienna 1r Naples and Washington The Canadlon Tax Foundation will hold its annual tax contai ence in Toronto Nov NW 16 Topics will include ravines and taxes gnvammeot expendi tures roiibshnring legislation and ds variety oiotber mat ters of tax interest The Canadian Tburlst Associa tion will hold its annual meet ing in Tomato Oct at The as soeiutioo comments It is esti mated that it two dozen visitors day can be attracted to coin rnunity it is the equivalent of rnanulacturing plant with an an nual payroll of 3100000 Canadian Builder Montreal trade magazine says of next years building prospects There will be no boom And there could be failback IL review of various phases in eludes Housing hiore and more ind cainrs point to markets not gt TODAYS STOCK PRICES Compiled at noon by Flynn ll Collier st Barrie Asbuiol Abitlbl Piper Alums aisei Aluminum Lid lilhertn on nuns susi air or alums hunk at in Bali rsl co arsonh an on Can Paper Dom stores Dam Tar GL Lake Cut Pow Home on Hudson Bay Clio Breweries 0U CPR in Aces Cln chemical CHI Curt Canndlln ou Con rain sin Jockey Club limit Idle Powell Can ma comp chin Con Del Rio Con North Com Denison Con Hall Dsrnaon Sullivan lch Mines Gunnni Bolling so Now hiyL Nominal INDUSTRIAL consumers in Dis Sea Dam Faun Famoua Play issrdeo sums Imp Tobacco inter Nit el interprov Plpn Lohlaw Pld KemAdlehn Hum Peia Normda Ear Gig LG ours or Paddc Peta em rips Que Not on has aoyri atni at Low co Sniltdl so aimpronr Steal of Can Steinbera Tor Dom an Trans Can at Trans Mann Trsdm Fin Taxen Union as Walker new Va 141 iii 50 lid 39 10 ale mi Mid iuv NHNING rrioonhridgs in Now nouo Opemlsn nemont her cordon Steep noel United on Write Amulet wuioey us 20 live 350 en 270 sesiiesiz bananas rive lilosTnéltvn isruciia poms Kerr Hitch Prospector Alrwayl nysnor Dlvlnlan DECLARATION Money Ferguson Lid ommon to my industries Fr 55 csnu pry on my Dec 15 div Nov Nnvambcr 15 Ex div October is nowdorms NSW vans AVERAGES Industrial down Lu nulls down 42 Utilities down 46 TORONTO STOCK EXCHANGE INDEX Induxlrllls fin Golda dn 295 Metal du 85 Dill In 01 MARKET comma Volume ross moderately no mo lion in stock prices who attended in New York yesterday Turnover of 241 million wss some moons lsreer than on mutiny The DJlA guys on 171 rails oii sod utilitie olv However slight mrlorlty ol the 1200 issues which npponred on the tops ported gains and there wsrn morn advances thun dccllnes among tho to most active stocks Gold shores wrrs strong in reflec tion of tho sharp sdvnnco 1n the Price oi the yellow motl in Lon don Four of these muss domlnatod the ten most ocilvs on the list With little in the overnight news likely to rumulsin investor inisrosi further arching and lining is look all for norr term Alter the close yesterday it wns announced that be short Interest or month ended on 14th hsd increased moder ately for the third month in row The current short position or 275 million is the highest sinos Much less This strengthen tho vmsn keta technical posiuoo and odds to tho ohsnoes thsi st tembcr lows will hold should they tesb cg more closely on tho current are coins were tho outsisnding row tors in the Conrdlnn market yester dry with the Toronto gold index finplng 553 to new iomonth go or szsv Helped by strong demsod ironi overseas marketl the Canadian newsprint industry operated at on or cent or iron rated snphoitr in ePtemher on increasa ol GOINGioBIiIiDvl YOUR HOME iousnz per cent mm year ago This won the highest rate this year Previoul high vvss 896 per cent in vune with drop to sail per cent in July and use per cent in August sun sons Ltd expect Illth galll sales this year with pro ltr equal to or somewhat below lust elr Chairman aurton told Now our security onsl sis He said rhu srmo outlook opp es to Simpsons Sears Lid iur Burton sad ho douhts ii there will no any dtvl dends psid this year by Simpsons 50hr as it must huun up ttsfilsb position Dominion Steel sod iron report not of share for year and ed July lost ogotnrt also Placer dcveliyimont inorousrd semiannual dlvi end to so cent payablmnecember rec Nov ram 25 cents Ind will in future dsoiars dividends on quarterly basil First division will he 15 cents pryohls March 17 mi Ths Now York market opened generally steady and active with gold very strong in Toronto The continued mm or gold aunt the price of bullion to new records in the London market today st saline Fun fine ounce At tho official nrr this morning the price ws marked up to $3540 then in trading which bullion desisrr da rorihed as pbenomenul ths prion moved up to sides Later the price or gold bullion moved up to be tween $5150 no man psr sins ounce arisenr THOMSON co LTD Lusnf MIILLWORKM ROOFING mortgage money ll big problem Emphasis um he em to bigger better equipped boom the his need d¢rplte all the talk of the on Eed market for lowcost hous Schools Emphasis is shining to secondary and high schools This means higher costs per classroom because at more too tures like mus libraries sci ence rooms hlliniverbilties Any 13 is lit to temporary cause the trend for more and more high school students to go to University tunnels Govemmeht insur ancg scheme usually produce heavy hospital building So look for an upsurge in Quebec ii hos pital insurance goes ahead then and Ontario Churches Some experts pros dictan upsurge Reason Con grega in new communities built in the last decade now have amassedeoougli funds Shopping centres Plans shelved because of tight money will likely go ahead as money eases 0ilice building Plans in many cities arebslng cut back because of renting difficulties 01 major cities Winnipeg alone appears ready for an upsurge of downtown accommodation Industrial This is the big un known domain building aor ring any nee to bolster sag ging ccouo look for govern ment building at most types to taper off Big eiiception is alr ports Old peoples homes Although many havsboen built supply lags behind demand Urbnn renewal lnterest is growing in revitalizing down town areas STOCK MARKET UNDER THE MICROSCOPE Future financing of hospitals ways and means of providing from 1000 to 1500 active treat ment beds annually to keep abreast of Ontarios increasing population and other hospital problems will go under the microscope for study at the 36tb annual convention of the Gold Running The Gauntlet TORONTO CHGolds were running the gauntlet of profittails Ere and an uncertain market to Byr On index they drop it 295 at 9294 wltbail the or produo are taking losses McIntyre gt Porcupine dropped llfifll 80 Dome this at 25V and Campbell Red liaise and Giant Yellowknife each at 16 and 12 All other sections of the stock market followed the came down ward path Industriais an index were off 08 at 48510 base metal 85 at 15168 and western oils 01 at 8205 The 11 am volume was 973000 shares compamdwitb Thurs days 2078000 Moore led industrial losers down staid Bathurst lumped at 35 and Bathurst gained at 42 Arnongbasa metals Cominco Falconbridge and Hudson Bay eased xsir each Denlson was the only senior uranium affected up 20 cents at $990 following fa vorahle dividend report Western oils were narrowly lower but showed signs of recov ery Speculators had field day Thursday as golds prompted by tbepbenomeual buying spurt in London reached 10year high an index before easing off In Londonthe price of gold reached record $40 an ounce in what brokers described as the most unprecedented and Talk tastic day in the historyof the London gold market Ammunitian Thrillssllrllo ii Rumors were flying along Bay Street in abundance ranging from shortage of gold in the Euro pean market to the possibility of the United States raisingllis offl claivpriceoi MfliillOEof gold Ifrom $35 thus devaluihg the dot ari total of 4185000 shares were turned over Thursday as gold is sues tradedin the tens of then sands It was the heaviest trad ing day on the market since April 14 1959 when ii reached 4273000 shares Wednesdays vol ume was 2250000 On index golds were ahead 529 at 9589 and earlier Went up to 9080 10year high lndustrinls gained 127 at 48581 and base metals bolstered by golds ad vanced 178 at 15253 Western oils gained 24 at 8205 Western oils were quiet lvliiiis iioillliii YOUR HEADQUARTERS Why pay more when you can buy for less MACKS MENS WEAR is nonlop at on seen Ontario Hospital Association This will be held in Torontos Royal York Hotel on Oct 24 25 nngi 20 and wfllaflrm 3000 or more delegates Convention theme is Linked in service hospitals and their commun ities Here Carol McCarthy of Toronto puts hospital prob lems under the microscope NOON DOLLAR MONTREAL CPD Tlio US dollar was at discount of 310 per cent in terms of Canadian funds near noon today Thurs days noon rate was 071532 Pound sterling $275 10 up 1548 NEW YORK CMCanadian dollar 352 lower at $102Yt in terms of 115 funds Pound ster ling 532 higher $28m aloha waiu ammo VANCOUVER CPA man who stole $55 fromon 03yearold victim as they kneltln prayer was sentenced Thursday to year in jail Sidney Thompson 30 was also given concurrent oneyear term for duping the same man out of by saying he wanted it for destitutopar hloiiers Heth represented himself as clergyman CHBTS memorandum DDilnlopflflPAW How are investment Com panies managed and what are their general investment polio lest ATba management at this type at company is organised to the same manner as any other company with Board of Dir ectors and operating executives who are responsible to the share holders for their actiOns There may be however considerable varintloo in the charter rextrio tinns at an investment Company which limits the managements power and freedom action in the selection and diversification of the portlilio oi investrnta Thus we find that one compaiw may concentrate its invutinzntl in onaeountry or geographical area while another may perith percentage of the funds in vested ln foreign securities Again some investment compaih ies specialize in the securities at one industry or related indusv rles while gthera have no such restrictions Some investment companies confine their invest ing to one type of security Inch as common stocks or bands while others do not discriminate in this regard Bank Interest Rate Rises OTTAWA CPlTho Bunk Canada interest rule rose Thurs day for the fourth consecutive week climbing to 311 per cent with the sale at $95000000 in 91day treasury bills Last week the central bank rate was 273 per cent After reaching low of 193 per cent Sept 22 the rate showed success sive weekly increases to 105 on Sept 29 to 245 per cent Oct and to 273 last week PLAN NOW non SPRING BEAUW FENDLEYS FLOWERS 14mins si in ems om In Nilrthem Goldblining Officials mums ulnar octoan me View With Interest Gold Sport mums CPINorthern Oo tario old mining officials said Tb they View with interest but some caution the sudden spurt in gold prices on the 14m don and tree world markets Peter McCrodenmanager oi McIntyrePermian Mina Linh lied said only decision by the United States on higherpride at old would have mater lcct on Ontario mines Aninercasaintbatl price Heavy Demand Foreign Funds MONTREAL ca Forum exchange deoleroreported heavy demand for funds Thunr day lollowing the unprecedented rise in gold prices in London There were 15 changes in rates during the first half hour as the Canadian market reacted to the London news The premium on the Canadian dollar which had been slowly subsiding will abruptly reversed as foreign demand for Canadian dollars drove the dollar up it touched its peak at noon eased as the European markets closed and than strengthened nearfthe Canadian close Expressed in terms of United States funds the Canadian dollar moved from low of per cent to 015 at noon analog to 310 The demand follunch comins mainly from the US was for purchase at Canadian gold shares and Canadian kilo bars said deal ere and strengthening at the close to now nested at $33 an ounce was inevitable he said But such an increase might cause the Ca nadian government to remove old unda tba Emergency Gold Mines Assistance Act and leave the mines in much the same finan cial position Dilly habitaniialmaise in the us price would be of lasting benefit Mr hchroden said Perry Sahara manager of Holllnger Consolidated said the high demand for gold on world markets was interesting But only action by the US would really help rAt Kirkland Lake many old timera were speculating that Ibo town would once again boom as intbaurlylmandtfthe prices held some mines in the immediate area would reopen Two local stochbrolrers said many buyers were cautious be cause of past rises that were not sustained However they termed Thursdays quick jump nap in the right direction If Youre TIRED All TIIE TIM i°iiin in on so my bothered bodiedla Perhaps noth lnr mar iusl lenient conditioner nrinuylmhtwnhr bladder discomfort Thito the tune lulu Doddo Kidney Fills Ms help inflate the kidneys to relieve this condition which my ultra him both uha and tired lerling Thus you in helix mt better work better Gel Dodds Kidney Pair now bob for blubvrwilhlheudhnduialldrul mtunlnundmndonbediiue Boy Scout APPLE DAY SATURDAY OCT 22 Apples sold House to House from 1000 mm Oct in to 1200 Noon Oct 22 Also to be sold throughout the afternoon on Bar ries Main Streets on Oct 22 HMéB 9703 Kingizefl For comn if An extra load without the bedroomlook By dayra stylish chesterfleld of the floor beauty low seating height for comfort By night transforms simply to separate kingsize lmierspring mattress resting on tent scientificallydesigned double sprung base with no erossbara to mar your comfort tOJPIECE DRESSER BED MATTRESS VBEDSPREAD REG 2i900 NOW JUST CLA 3438 amineLn ST EDR 0M GROUP CHEST SPRiNGS PILLOWS 1769 RKs fggtrgmmmxin3m Millenliii iliMPS Floor lamp and twotoble lamps We are out to win new customers with this sensational bargain otler and you will be really thrilled when you see matelied decorator ensemble REG $7285 SPECIALVALUE bile beautilul 995 Team ARRANGED ON ANY or THESE liiEMs AND villi Millie Yilllll PAYMENTS llT ClitllliS HOME FuerlsHmes PA 82843