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20 THE DAILY TIMES-GAZETTE, Thursday, June 25, 1953 Used Car May Hit New Sales By DAVID J. WILKIE DETROIT (AP)--Nearly every- body interested in the destiny of the automotive industry ° jabbinJ at the used ear situation these days. Used car stocks in the United States are greater now than they have been at any time. The bankers and finance companies are urging sharply restricted credit in the handling of used cars. The auto makers are turn- ing their advertising agencies loose on the promotion of used car sales and many dealers are con- centrating upon used car sales. There probably is nothing the franchi new car dealer n less right now than more wu cars. Yet you can read or hear occasionally that this or that dealer 'needs used cars." One of the things that ts used car sales have been neglected to some extent in the post-war period is that their ratio to new car sales has declined sharply. Be- fore the Second World War used car sales averaged three for every one new car transaction. Currently eeds | could seriously affect new car sed | sales in the months ahead. Backlog they are said to average 'ess than 1.5 to one. The tremendous accumulation of used autos, of course, grows out of the great volume of new car sales so far this year. Official figures for the first four months plus authoritative estimates for May show that close to 2,250,020 new cars were sold from Jan. 1 through May 31. . Some bankers and finance com- panies say this pace cannot be maintained throughout the year; some say that without drastic corrective measures the used car pile up means trouble for manu- facturers and retailers alike. The used car situation obviously One industry expert said this week that whatever measures fi- nally are adopted to ease the used car situation the program will have to be subsidized by the car buyer. He would do this, it was explained, chiefly by accepting considerably less for his u car than he expected to get or than has been allowed in the earlier menths of the year. Hydro Builders Win U.S. Approval WasEmNGTON (AP) -- Legisla- tion enhancing the hopes of five big New York state private utili- ties to build new sources of hy- dro-electric power at Niagara Falls won approval Wednesday of the House of Representatives public works committee. The committee voted, 14 to 7, in favor of a bill to authorize pri- vate enterprise to construct the new power plant at the cataract. The $400,000,000 project would | virtually triple Niagara's present power yield. | permitting increased diversion of | The committee turned down two (water from the Niagara river for other bills that would have given power puryoses, is the basis for the state of New York or the U.S. 'the legislation. federal government authority to build the power plant. Sources close to the House Re- publican leadership said that the private enterprise bill will receive early and favorable consideration by the House. The five New York companies are tHe Niagara Mohawk Power Corp.. New York State Electric and Gas Corp., Rochester Gas and Electric Corp., Consolidated Edi- son. Co. of New York, Inc., and the Central Hudson Gas and Elec- tric Corp, A recent U.S.-Canadian treaty, | Reconstructed Sports Subject of Amendment OTTAWA (CP)--The CBC board of 'governors issued new regula- tions Wednesday governing radio broadcasting in Canada, easing some of its restrictions on adver- tisir ; content of programs and dropping its propos. boost Canadian talent by requiring mini- mum amounts of Canadian broad- casts. The regulations, replaci those in force since 1949, were published in the Canada Gazette. _ They dropped the former ban on spot advertisements between 7:30 and 11 p.m., and put a new ban on reconstructed broadcasts of sports and other events in competition with live broadcasts in the same area. All regulations on news broad- casting were left out, except for those prohibiting intentionally "false or misleading news' and ad- vertisements in the body of news- casts. The new regulations follow the lines of proposed regulations is- sued by the CBC board last Oec- tober and discussed at a public hearing in January. Those proposals included one to encourage development of Cana- dian talent by compelling radio stations to devote between 30 and 48 per cent of their time to Cana- dian programs, either live or re- corded. That proposal was not carried through in the new regulations. It had been strongly opposed by the Canadian Association of Broad- casters, spokesman for most of the privately-owned stations, as hin- dering rather than helping develop- ment of Canadian culture. Firefig BRANTFORD (CP) -- A discus- sion of the provincial government's attitude toward the statutory pro- visions requiring collective bar- gaining as defined in the Fire De- partment Act was held Wednesday at sessions of the 31st annual con- vention of the Provincial Federa- tion of Ontario Fire Fighters. The convention learned a brief outlining the federation's stand on the matter had been forwarded to Attorney-General Porter. ters Say Mayors Trying To Weaken Act Mr." Porter, in reply, had re- marked he hoped some amend- ments could be made to the act to strengthen it as requested by the fide fighters. However, he said his government had been under constant pressure from the Asso- ciation of Ontario Mayors and Reeves who were trying to influ- ence passing of legislation which would amend the act to their liking and in the eyes of the fire- men, weaken it. Inquiry Held Into Ship Loss PORT ARTHUR (CP)--A report on an inquiry into the sinking of the 4,424-ton Scotiadoc Saturday night will be sent to Tr t | tor Wednesday while cultivating his DIES UNDER TRACTOR CHATHAM, Ont. (CP)--Walter L. Rhodes, 42, of Raleigh township was fatally injured under his trac- farm just south of here. Calvin Elson and Carl Jackson were work- ing on a roof of a barn nearby and noticed the tractor going around in a tight circle with ng one at the wheel. They investigated and found Rhodes being dragged around by the machine. 1 4 13 Minister Chevrier, department of transport officials said Wednesday. The inquiry opened behind closed doors. No inquiry will be held into the disappearance of Wallace McDer- mid, 27, of Sault Ste. Marie, Ont., porter on the Scotiadoc who is missing and believed drowned in the sinking. The vessel, carrying a $500,000 cargo of wheat, collided with the Canada Steamship Lines freighter Burlington in Lake Superior about 15 miles from here. The Scotiadoc sank in 600 feet of water. The Bur- lington rescued 29 of the vessel's complement of 30. Laura Walked Now They Ride ST. CATHARINES : (CP)--Civic officials from the Niagara district and members of local historical societies Wednesday travelled by cz along the 10-mile route from Queenston to St. Catharines to commemorate the Laura Secord walk. : : Laura Secord ran the distance 140 years ago to warn Lieut. James FitzGibbon of an impend- ing American attack June 24, 1813. Lieut. FitzGibbon met the in- vaders at Beaver Dam and de- feated them. This led to the final expulsion of Americans from Cana- dian soil and the ending of the war of 1812-14. A. E. Coombs, honorary presi- dent of the Lincoln Historical So- ciety, corrected history books when in an address he said Laura Se- cord was accompanied by her niece, not a cow as is popularly believed. He quoted from a letter from the woman's relatives to sup- port this. .. The. Rock of Gibraltar, guarding the entr. _to the Mediterranean, | towers 1,906 feet, NOW! AUTO RADIOS at a NEW > LOW PRICE \ for YOUR car! A B.F. Goodrich AUTO RADIOS om install in most popular cars Choose from 2 BRAND NEW RADIOS the lowest priced Custom sets in Canada! mods SUPER DELUXE 6-153 DRUXE 6-253 57450 5995 low odditiosal charge for installation USE OUR FRIENDLY BUDGET TERMS B. F. GOODRICH STORES 453 SIMCOE ST. SOUTH a -- -- Remodellin AGAIN WE FEATURE ALL-PURPOSE Powerhouse PIECE ELECTRIC DRILL KIT COMPLETE WITH POWER SAW ATTACHMENT ALUMINUM DIE-CAST HOUSING %° "HAND-TITE" CHUCK UNIVERSAL MOTOR AC OR DC, 10-120 VOLT Only POWER SAW ATTACHMENT FOR TRIMMING, * CROSSCUTTING, RIPPING! 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