Ontario Community Newspapers

Barrie Examiner, 2 Feb 1960, p. 6

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5Weslaéndki1cthotc Travel Business is booming at West Bend Aluminumk Canada Ltd Last wee company whose plant is located at John Street Barrie lull mrlosd to one customer The customer significantly enough is Vancouver distribu tor West Bend products go across Cinaiia to distributors in all provinces Bach distributor exuiained resident manager Ember son hss network of dealer ships within his area notable omission In the net work has been in Barrie itsell But says Mr Emberson we willhave dealer in Bprris this summer The manager anticipates very good year in 1960 Already orders have been flowing in for lull tractortrailer loads of mo tors This year the firm is olfering motors ranging from two to 40 horsepower The larger models have refinements such as tberm nslaticheat control and electric starters shippeditsflm Jobless Grow In District Barrlo and district unemployed are more numerous than for five or six years Cooper man ager of the local office of the Unemployment Insurance Com mission told The Examiner to day lie suld 2062 persons were jobless on Jan 28 This total consists of 1467 men and 595 wo men There is no sign ofany change in the situation until early April added Mr Cooper That is the usual time He explained local lirms were laying off workers andvpeople were coining into Barrio from other centres its following the usual pat tern he said But thlsiyeal its worse Mr Cooper reported success in the offices efforts to place un employed worksrs During Jan uary 57 men and 50 women found employment through the allies But thats only flash in the pan he said INVESTMENT CHATS Crawford and Co Ltd 89 Dunlap St PA 52431 aura wsaxa masrmm mans aecnxlty Yield Ahltlhl Paper Aizomn Steel Aluminium Ltd Bk or Montreal Nova Seotta Bell Telephone ar Amer ml nnn asses yerpried 333393 era Ford or gtCanldl Gen steel Ware it Hi Paper Gunnnl Mines Implrlll Oil in erlal Tub 1n Acne int Nick Uniltlél erprov p9 mauln Second nion nay Walker new Walton mpbeil Dome macs pncaninlaze glint er plunger Hudson my hfinflflifi orc Norands Minn Nomatai or anemia Waite Am Trade Light Uninteresting Market Edges TORONTO CPL Tbesioclr market edged slightly ahead amid light and uninteresting morning trading today The 11 am volume totalled 400000 shares much lighter than the579 shares at tbesame time Monday Ford Motor was ahead at 78 on small tiirnoveiuBanknf Nova Scotia and Conkabutt Plow scored wins of 12 at 67 and 25 Canada Maltng suffered the big gest industrial losa dropping one point at 53 Mines were exceptionally quiet with little no changes Senior uraniums werec liezwger lgom went down it an on solidated Denison tell nit at 11 The market strengthened by climhin industrial index 1ad vauoed ghigller amid dullfinding Monday tie changes lnduahiaia up 178 to 51213 golds up 337 base metals Chamber of Commarce He will president Bob Sarjeant Bristow Bristow Plumbing and BETTER BUSINESS for West Bend Aluminum Co Canada Ltd and or Barrie Ruldent Plans are now complete lor the annual dinner meeting of Barrie Chamber of Commerce to be held Wednesday at Fellow ship Hull Collier Street United Church large turnout is pected The highlight of the evening will be an address by Ash forth president of the Toronto Dominion Bank and immediate past president of the Canadian be giving an illustratedialk of his comparatively recent yisit to Russia The business sessionoi the meeting has been streamlined to minimum it will includes report from the president Thomas and the election of of lloers gt The preliminary slate of of licers for teen is as follows President Tony Decarie Zellers Limited lst vicepresh dent Maulice hlacLaren Madlaren and Company chartered accountants an vice Ssljeant Insurance Agency Lim ited treasurer Earle Little Canadian Bank ofCorll merce Directors Jack Bat stone Batstones Tire Servioe Ernie Bell Bell Saund ers Limited Dr Em Bilkey dentist Chris Batter Walker Stores Limited Lloyd Heating Sandy Coutts Coutts Real Estutfi Bob Golds Golds Sboe Service Shop Bob Hauck Lufkin Rule Co of Canada Limited Norman Hesketh Maher Shoe stores Bob Hunter BarrieBroad nastingCo 0333 Ah Jansen Mansfield Rubber Cans ads Limited Karl Jennett AN EXAMINER WANT an pause as 3am Slightly Ahead Southam Co had artwopoint gain at 87 followed by Steel Co of Canada 11 atth Alumin ium was ahead Cockshuttgnined at ans internationaliaper dropped 27 at 100 Edd paper slipped at 62 as did Algdma Steel at 30 Canadian Collierles was down at international Nickel had point Jump to 100V after com pany announcement of stock split Hudsons Minin Smelling lost Zyat 50g and Gunuar gained at 10 Al gain was ahead so at 12 and ConsolidatedDenlson fell ll at lnwestarn oils Calgary and Edmonton dropped Vast 20 lawnsLuna The art Novelty Shop Fred at 30 nd Bank of Commerce units at 555 pACroiSSCLCinadd manager Emberson lni dictatm phsitioning at last package to traffic manager USINESS BAROMETER Chamber Of Commerce set For Annual Dinner Meet TONY DECARIEV Incoming President Kaigbln Machinery Limit ed Grant Mayor Mayor Motel Gordon McTurk Stewart his ten and Mclurk barristers Ed Myers Livingston and Myers barristers Rob bie Robinson Canada Dry Bot tling Co Ross Rodgers The Ball Planing Mill Cm Limited Donald Simmons Simmons and Company Two draft amendments to the 5m ornawwtotalmorethnn This represents the none are providing for themselves and and is another milestone in $2 Company HIGHLIGHTs 0F Ion ro Ion rs Claims May Be volnad in preserving pension rights for mployouwho move from on Job to other In in damn final NorthlAmoileaa lineman unmnh parent pen men mu be in onajob to another For example said Mr Auden eou M510 this that have so crued with each employer may go held in wild storage alterl term of oyman ends an Eddale ll pension wh the unployaa retire lli it were felt digsirahle cc agency or pmlerv pension rights could be arranged and at retirement the several en titlements could be assembled under one planor centralpay ing agencywould be feasible COULD TRANSFER RIGHTS Another method might be the transferring of sound right Inca Proposing Pension Portable °° Wm 152 income tax le tiou facilitates this Mr Anderson said less commonly used method involves the purchase at an propriata put aervlu merit the plan an individual is killing the coat being paid for by the plan he has left Mr Mano laid he doubts pension ave any effect on tirma hiring polleyalthough the presence at pension plan mightboglvenasanaxcusafor relaxing employment to older sona My own view is that an oy ers who for other rearonspdou line most at their hiring to younger persona with the opport unity for permanent employmedt are the very employers who are mostly likely to provide pension plan and that it is this situation which has led to the mlaéonoap lion that the presence at pen aion plan operates to bar aru ployment in middle life To Split Shares 2Porl Ask Shareholders 0K TORONTO CEInternational Nickel Coot Canada Ltd pro pose to split it ahlrol on two lor one huts iha proposalannnunced fol lowing meeting of directors in New York Monday will be pro asnted to shareholders for an proval at the companys annual meeting in AprlL Directors also raised the ow terly dividend on common shares to tents US share pay nhla March 11 to shareholders of record Eeh 23 The previous quarterly dividend was 66 cents share unchanged since Sep tember 1955 Quarterly dividends togelher or with year and extras totalled share in 1859 and $375 in 1957 The annovuélloeulellutl said that Wu3PM sharav split by shareholders it is expected that the new shares would carry quarterly dividend arms cents ahareasnnnlng will of the current out John Chalmers while Wally Carruthera looks on Carruth ore Cartage lBarrle was hired for loading operation no expected quarterly divi BUD THOMAS Retiring President chamber bylaws will also have to be ratified at this meeting Bus is concerned with electionvpro cedars and the other with the filling of vacancy hn the board Immediately following the din ner meeting the Barrie Cham ber of Commerce will again be guests of Canadian General Elm Eric or dandng in the club room of the Barrie plant $260 in 1958 denda on the new shares would thus total $150 year the equivv alent of $8 on the present shares At Dec Incos issued shares totalled inseam out of 15000 wovanthorized Bigger Sal iii Eh ears were sold GP Newmlap tlward CanCar Iet Parts Bid MONTREAL CP In Cana dair Ltd announced Monday it European Passenger Cars Take Share In Canada now being used by RCAF squad rons overseas Glusdatr also has 600000 subcontract with Avril Aircraft at Milton for the manu facture of air ducts and scoops for thaCFlot it was announced in 00 House of Commons Mom has awarded 82400000 rubeon day tract for parts of tbscFlmjet fighter to Canadian Car Cona Italys division It Fort William The contract is for torward structures at luselagu Cauadair holds the dull 390 500000 mntract for construction of tha Americandawned tighter Com intended to replace Sabre jets NET EARNINGS By THE CANADIAN PRESS Minnesota and Ontario Paper PW year ended Dec 1959 55900000 1056 35012574 WEST BEND ALUMINUM SHIP rmsr CARLOAD oursOAiio MOTORS to VANCOUVER We Are Pledsad To Have Been Chosen To Assist In The Loading Of The Wm Bond Curiood cllnliuiiiritr clinics Generol Cortaga Freight Con Loaded and Unleaded PA 84014 BARRIE nVopwvowri Well over gt5 BILLION DOLLARS OFLIFE the London Life 1959 guilt lifeinsurance in force of$568 million byfur the greqtest increase iiuhe Conlpanys history The value which Canadian family men plaeaon life insurance is vividly re floated in the London Lifefs record for 195911an the year the ainount of mayme the rapid of Ina YEAR 1959 Benefit Payments andvaislolu Increase 85412707 Assurances and Annuities Increqn $237f6¢6391 TotalAssets IT stem470 copyifllurcom nonril AME wanname anon gjflfhoru to Mrs Ulysse La frsnce was Wuterlooaeiirst birth 1960and MrslLafrancea13tlI be oldest lay2 NwmocsandAnnuides blame $60490876 5200958598 qn about Branch Mnnhgar Howard cone ow 4532564 321m394 inforoe aAnMalReporr Incas iirr Hardm inauranceon the lives of London Life policyholders incleaaéd by more than 12 per cent and today more than lid million people are insured with the Company for total well infexnesa of 85 billinnThis amount is all the more noteworthy in view of the fact that the laminaLifes sales activities are con ducted only in Canada The life insurance purchasedfrom the London Life during the year not anew Company record The total of new business was $769 million which is nearly $140 million more than for 1958 Group life insurance showed particularly large increase Other Highlights the 95 Annual Report total invested assets of $715 million Payments to policyholders behefioiories and aunuilanta together with amounts eetasirla toprovlde or future policy payments totalled 395 millionm increase or $6 miliiom gt Indira investment of polioyholdera funds to meet future needs tbaymjfifuporgnziasplaoed inmo loanaprinoi vy so topruiv vide awnings for families scroll AtomloflfiSmillionwaainvcsledintbiawayv in 1959 The London Life now has mortgage loans on more than 50000 properti rdpre seating MICK per cent of the Cllnlpunys auras Wainmm tumalmanuunmmm vagmqflghdmameww Benefits paldinlhdsichfllnndmdentnmh totalled ovbr no million During in year marathon 230000 Iipantfpsymsnnwaxo nmigsscknuimaunam policyholders Poliay dividends in 1960 will he oilthe same high souls as in 1959 total pay manta during the year will be almost $11 million The london Life ova the year has been couaiatentlyamong thole in the life insurance business in providing insurance at low watto policyholders L1fe INSURANCE comps Pumice

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