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TODAY'S TORONTO, MONTREAL STOCK CR TORONTO By The Canadian Press Toronto Stock Exchange--Feb. (Quotations In cents unless marked 8, 2--0dd lot, xd -- Ex-dividend, xr--Eg- rights, sw--Ex-warrants.) Industrials Net Sales High Low #1 a.m. Ch'ge 100 $38% 38% 38% -- V4 100 $21% 214% 21% -- i 16% 16Va 50 350 215 218 23% 19%, Stock Abitibi Acad-Atl A Agnew-S Alta Dist Alta Dist vt Alta Gas Alg Cen vt Anthes Imp Arcan Argus Argus 250 pr Atlas Steel Bank NS rt 35 3 100 $52 175 829 838 842% 50 $4414 Bajth Pow A Beav Lmbr Bell Phone Bowater pr Br Tank wits 100 « 0 Burard A xd 200 87% Cal Pow 75 $07% Can Cem 100 $3384 3 C Bnk Com 200 $£56% C Bk Cm rt 1800 495 Cdn Brew 430 $38 CBAL A wts 140 515 C Col $1 pr 25 $18 C Chem 900 85% C Dredge 200 831% CF Prod pr zl10 $40 C Hydro Car 100 $7% CIL 435 818% 200 $285 880 829% ew Stock icks vt icks pr Bimpsons KD M{, Walk GW 165 vv www Sales igh Low 11 a.m. Ch'ge Mal $13 19M 13% + W 10 305 308 West C Brew 100 $32! W Copper Weston A Weston B Westn 4vopr Westin 6 pr 'urb Anglo-Nfld Asbestos CD Sug C Bronze C Cottons C Mareond C Paper Int Ut AP Cons All Rox Asamera Balley § A Britalta Calalta C Oil Lds CS Pete C Chieftn Cdn Dev C Ex Gas Cdn W O Cent Del Com Pete 210 165 125 $40 325 300 9011 400 200 C Mic Mac 12050 500 C West Pete 1350 Cree wis Dev Pal 100 8144 THE OSHAWA TIMES, Wednesday, Pobruery 18, 1959 158 BUSINESS SPOTLIGHT -l 800 13% 13% 13% -- W Not 210 20 Waite Am Willroy 87 88 "% 8 « 21% 2% 2% 209 mn 208 13 15% 8 Sales to 11 a.m.: 788,000 . MONTREAL By The Canadian Press Montreal Bioek Exohange--Feb. 18 (Quotations in cents unless marked §, #044 lot, 24 -- Ex-dividend, xr--Ex- rights, sweEx-warrants.) Industrials 11:30 Net High Low a.m, Ch'ge 3M WY -- U 3% ITH + WB 20% 280% -- ¥% 38% 354% 85 58 S67% 67% 67% 858 556 480 210 53 107 13 " Boek Sales 70 70 70 ssw 18% 150 149 149 pork uz 12 hl @ aw 124 124 2 3 10% 10 28 27% 108 86 $ mm 6 e555 0ssana8iss 86% 58% % 35% 35% - W 75 478 4 42V 42% -~ W 198 198 198 150 $21% 21% 21% 8000 52 50 80 ---3 6000 27% 3% TW 8500 . 39 38 » 2 Bn B 978 818% 18% 18% 300 6950 685 690 25 23 25 +3 $32% 32% 32% + % 490 475 40 1 01% 61% 61% -- WH iN 2 2 WH 340 340 5 230 1% i uw E82 14 45 LE 20% 3 ns 8 Con M and 8 350 Dist Seag 2100 110 25 PUGWASH, Xs. Logan 2 long, tough mining nearing an end in stubborn muck 350 feet beneath this peaceful village on the shores of Northumberland Strait in northern Nova Scotia. Malagash Salt Company Lim- ited, a subsidiary of the Cana- dian Salt Company, is inching to- ward 200,000,000 tons of high- grade salt. The struggle to reach the huge deposit has been going on for nearly three years in con- ditions among the worst known to veteran mining men, Company manager J. L. Cav- anagh says the mine, geared to produce 1,000 tons of salt per Salt Company Inches Toward Rich Deposits The mine shaft now is down to a depth of 350 feet, and drawing close to the salt. When workers strike the salt, the mine likely will be bored another 200 feet be- fore the horizontal working level The shaft is one of the strong- est in the world. Its four walls are built of 33-inch-thick re- inforced concrete, backed by steel beams, SLOW BUT CERTAIN The round-the-clock digging pro- cess has been slow but certain during the last three months, Concrete floors or "pads" have been constructed at the base of is developed. cleared. 40-year-old N.8., about 12 miles east of here. partments of the Maritime prov- inces and Quebec. British Firm Wins Battle In Aluminium . LONDON (Reuters) -- Lord Portal and Geoffrey Cunliffe, the chairman and deputy chairman of the British Aluminium Com- pany, have left the boards of that firm and all its subsidiary and associated companies, it, was an- nouced Tuesday night. . This followed the acquisition of more than 90 per cent of the British Aluminium Company holding by Tube Investments and ds Metals of America. The announcement said Sir Ivan Stedeford, chairman of Tube Investments, had been elected a director and chairman of the board of the British Aluminium and Richard S. Reynolds, present chairman of Reynolds, had been lelected a director, On Jan, 20, the treasury ap- |proved the takeover of British The comp now operates a at Malagash, eight-hour shift, probably will be in production in time to meet 1959-60 market seinanls, But wo company Is hesita: name ir date for production. Sev- eral times since March, 1955, 1955, workers have sensed vic- tory over the watery sand above the salt only to be turned back by cave-ins and flooding. The first target date for com- pletion of the shaft was Decem- ber, 1955. SAND BIG PROBLEM VANCOUVER (CP) -- Donald Gordon, chairman and J suicent of Canadian National Rallways, said Tuesday night Canada has thrived on, not merely endured, the conflicts and disagreements dians patience and moderation, and gave them the capacity to subordi provincial interests to the na. tional good. Aluminium company by Tube and its American partner. roval ended a two - month Canada National Railways , ise 4 ren President Recalls History inlum by Tube, Reynolds and their rivals the Aluminum Coh- pany of America (ALCOA). Salada Shares: Are Coverted ° TORONTO (CP) -- Virtually nate personal, regional or He was not frightened by di. 25 $40 200 $124 225 $11 135 $36% Comb Ent Conduits Con Gas Dist Seag D Bridge D Fndry Dom Stores Dom Tar 8 Dom Text 350 $1146 3300 09 225 $118% Goodyear pr 210 $4614 GL Poweg 100 $284 Gr Wp G 125 89% Greyhnd 210 $114 1486 $3414 Dome Pete Duvex Fargo Gen Pet A Highwood Home Ol A 100 500 500 Lynx Macassa Macedon MacLeod Madsen Magnet Malartie Maralgo Marcon Home Oil B Kroy Ol LI Pete Majtrans Mill City N Concord N Cont N Davies Northeal NC Oils Pac Pete Pac Pete w Provo Gas Ranger Reet Expl Royalite Rovalite +++ +1} that marked her history. He told the Greater Vancouver Metropolitan Industrial Develop- ment Commission that Cana- dians have benefitted from being the political and cultural heirs of many nafions, "No matter what degree of di- visve fury may have been ex- pressed by the English and French, by Loyalists who came here to remain under the Union Jack and by descendants of other nations who came here to escape it--all (had) a sense of nation- hood that gave meaning to our Canadian history." TAUGHT MODERATION complete conversion into commen stock of the 5%-per-cent cumula- tive convertible preferred shares, series B, of Salada - Sherriff. Horsey Ltd. was announced Tues- day. The company called the shares for redemption Feb. 16, following the annual meeting Jan, 8, when approximately 79,000 shares were outstanding. gE The issue included a conversibn option of one preferred share plus $6 for two common shares. The shares -- offered in July, 1957, at $25 a share -- were fe- deemable at $27 a share on or before July 1, 1960. Glacier-deposited sand has been the main problem. But water and| pressure have harrassed the 60- man digging crew with heart breaking regularity. Du Pont Trial Progresses In Chicago CHICAGO (AP) -- A witness testified Tuesday in support of the United States government's contention that E. I. Du Pon de versity of interests, by the growth of big business or big unions. Concentration of power in one tended to be checked by counter- concentration in the other. If in recent years there was an aura of extreme conflict about labor contract negotiations with the railways, it should be remem. bered that the industry's circum- stances had changed, that there had been a convulsive reorienta- tion of the competitive atmos- phere and there was a need for major adjustments to technologi- cal changes. There should be legislation to revise the 'rules of the game" and recognize the vastly changed 130 $14 250 85% 25 $38% 1 Tob pr Ind Accep 1 Ac wts 170 $1414 Inglis 500 $5% INGR Bel pr 100 $12 Inland C pr 27 $19% Inter PL 852 $5214 Inv Syn A 210 $26% Iroquois pr 200 $13 Kelly D A Kelly wits Kelvinator Lakeland i Leaf Mill Mass-F Mass-F_pr Mere Chip Mersey pr Mex LP Mid West M West wis Mont Loco 200 $15% 1260 $12% 100 $125% 20 25 25 $4844 200 $14% 100 150 * Mowre Nat Drug Sapphire South U Spooner Windfall Advocate Algom Algom wis Am Nephe Anacon Ang Rouyn Ansil Area Allon Atlin-Ruf Aumacho Bankeno Barnat Base Met 1+ Tid FEE FE FF B23 FF FE FF i 1 =F Royal Bank Cem A 300 Abitca CG Inv C Paper Con Gas Crain Dom Eng Dom Otlcloth Fanny F Fleet Mig Ford A seEzgcd 300 Parbee 2000 Patino M wt 100 - wb 1 8s > Sud Sullivan Sylvanite Teck H -t Temag +19 +8 +1 --13 on Pp : 3 iid BURMESE STATESMAN TURNS MON an during a ceremony in Ran- goon where he was inducted Serer err ------ Coal Subventions Former 'Burmese Prime Min- r U Nu kneels to receive yellow robe and palm leaf his new life as a monk. Come Under Fire OTTAWA spokesmen have attacked government's for Nova Scotia coal as inade quate to cure the slump in tha! province's coal industry. But their Commons criticisms Tuesday peatedly points of order which at one point developed shouts between Finance (CP)--Liberal party the coal subventions were puncluated re- by arguments over exchange ol Minister into an for "closure approval supplementary | penditures in the current fiscal year to cover a 50-cent-a-ton to of ex in- 'CANADA FIRST? President Of Ford Blasts Nationalists TORONTO (CP) -- Rhys M. Sale, president of the Ford Motor {Company of Canada, lashed out its forms," he told the Toronto for the increase in crime, that Junior Board of Trade in a|they refuse to learn our language Brotherhood Week h. or to adopt our customs, or, as a Nemours and Co. can be divested of its huge holding in General a He said disagreements helped build Canada by teaching Cana- relative position of labor and t over the past years, Motors Corp. without market upheaval. John J. Scanlon, treasurer of American Telephone and Tele graph was first government wit ness in what may be the final chapter of the Du Pont-General Motors anti-trust case. Federal Judge Walter J. La Buy is hearing proposals for re- moving Du Pont influence over G.M. Du Pont and two affiliated holding companies are opposing the plan, contending that dump- ing of huge blocks of GM stock would have adverse effects on both Du Pont and GM share- holders. Scanlon's testimony was of: fered to show that the stock market could absorb some 19, 000,000 shares of GM stock, the number of shares the govern- ment has recommended be sold, without serious financial loss to shareholders. Scanlon testified that when American Telephona and Tele- graph increased its outstanding shares from 20,000,000 on Dec. 31, 1945, to 70,500,000 on Dec. 31, 1958, about half of the Increased number of shares were sold on the open market without adverse effect. Beef Cattle Registry Is Adopted TORONTO (CP) -- The social advanages of a detectable fam- STOCK MARKET NET EARNINGS By THE CANADIAN PRESS Canadian General Investments Lt, year ended Dec. 31: 1988, $1,398,850, $1.46 a share; 1957, $1,471,543, $1.53, Third Canadian General Invest: ment Trust Ltd., year ended Dec. 81: 1958, $546,896, 20.8 cents a share; 1957, $553,880, 30 cents. Robert Mitchell Co. Ltd, year ended Dec. 31: 1058, $109,573, 40 cents a share; 1957, $265,328, $1.10. 3 Fraud Charges Bring Jail Term HAMILTON (CP) -- Charles , accused of having boys Tuesday was sentenced to 18] months In jail on three charges of fraud and one of conversion. Police testified Upsdell made the acquaintance of a youth whose family was known to a su- permarket manager and had the boy cash cheques for $25 and $85.| The third fraud was similar with a $125 cheque. The conversion charge involved a $114 camera rented at a Ham. ilton drugstore and pawned in Toronto for $35. ' Monday Upsdell was sentenced at Brantford to 18 months on other fraud charges. Tuesday's sentence will be concurrent with the Brantford one. unions' leaders to be sincere and honorable men, knowledgeable in the affairs of the industry, and not unresponsive to its interests and the welfare of the a whole." tion I head, I don't think any unionist will ever be able hon- estly to say that mansgerniont is unsympathetic to the aspirations of labor." MORISSEY'S STOMACH TONIC ACID INDIGESTION Price $2.00 per bottle. For Sale of oll Drug Counters and Drug Stores. "I have found the raflway| country as "As for me, and the organize- egitimate pass worthless cheques for him, | Crown Life Insurance Company Appointments nny ™ ? ; C. H. DEWHIRST R. K. TOPPING The Crown Life Insurance announced the appointments of Charles H. Dewhirst and Roy K. Topping os Assistant Managers to Mr. C. Churchley, Manager of the wo Ags 3 ' Mr. Dewhirst will assist in the expansion of the Company's services in the Oshawa area, and Mr. Topping, who Is opening an agency office In Peterborough, will develop the Company's sales ond service in that territory, ily tree now have spread from people to cattle. , The Aberdeen Angus Associa- tion, the Hereford Association and the Southern Shorthorn As- sociation, conform to United States regula- tions for registering beef cattle. decided Tuesday to |Tuesday night at ultra-national- |ists who masquerade as patriots to attack the country's 1,800,000 postward immigrants, "Ultra - nationalism is some- thing I have no use for, in any of Name Change Of Insurance Firm Approved OTTAWA (CP)--The Commons has approved a change in the {name that an Ontario insurance company has carried for 120 into the Buddhist priesthood. |years. He chose the religious name of Shin Dhammadaza as he began ond reading--approval in princ- | The House Tuesday gave sec iple--to a bill which would turn (the Gore District Mutual Fire |Insurance Company into the {Gore Mutual Insurance Com- pany. | William Anderson (PC--Water- |loo South), the bill's sponsor, said [the company was incorporated in 11839 to e a district then | known as Gore" --including Hamilton, Dundas, Brantford and Mr. Fleming shot back: "For gat the comfort of the ire of the hon: | > orable member I will repeat my statement." Mr. Robichaud said the minis- ter was applying him but said he would abide by other the chair's ruling, The debate was on the govern: ment's request $630,000 Now it was no longer a district pany. It had branches in the four western provinces. And 60 per cent of its business was than fire insurance. 27 Paintings Not Made Public 1 |single one among the final sup- He said history offered lessons |as to what happens when super patriots run wild--Germany un- der the Nazis, Italy under Fasc- ism. Ultra-nationalism invariably was '"'the tool of the power- seeker and the tyrant, who per- verts honest patriotism into mad- ness. SNIPE AND COWARDLY "I think you know the kind of tripe I mean--a snide and cow- ardly attempt to stir up feeling {against New Canadians. The |letter-writer, who hides behind some such pseudo-patriotic [name as 'Canada First', makes {wild charges that immigrants |are stealing the jobs of Cana- |dians, that they are responsible generality: 'If we don't stop these people from flocking into Canada, they will soon be run- ning the country.' Since everyone already here is an immigrant of one degree or another, Mr, Sale said, "that last dire statement, in particular, does not frighten me a bit." Even the Indians and the Eskimos came from elsewhere far back in time. Most of the postwar immi- grants were not uprooted, dis- placed persons as was commonly believed. Ninety per cent came to Canada of their own volition when they could have taken their talents and $600,000,000 in per- sonal wealth elsewhere. By KEN KELLY { Canadian Press Staff Writer | OTTAWA (CP) -- The govern- Ai Gov't Has Trouble On New Estimates the battle on similar ground Tuesday. The winter works debate re- iment is having trouble getting its sulted in considerable variation | suppl ary sp ng estim. ates through the Commons. Of the handful of items for additional expenditures totalling $27,954,000 in the current fiscal year, three have produced fairly {extended debate. The Commons wound up the third of these Tues- day by approving spending of, $15,000,000 as the federal half of labor costs on municipal winter] works projects. This item was the largest works and sewer projects. Ro- mins) argued labor costs repre-| sented as little as three per cent| of the streets, sidewalks, water ng five s in their es- In the U.S. cattle of most breeds are registered only if the owner of the dam (the cow) is the owner of not less than one-| third of the sire (the bull). This eliminates animals sired by bulls owned by artificial in- semination units. It would not be unusual for such a bull to be owned jointly by several thou- sand farmers. The Canadian breeders felt that since the U.S. is the most im- portant market for breeding stock, the Canadian regulations should be made to conform. The shorthorn breeders granted a few exceptions to the ban on |registering Al-sired animals. Frost Urged To Rap Tolls HAMILTON (CP) «# Hamilton Chamber of Commerce has urged Premier Frost to immediately make a statement opposing tolls on the Welland Canal. | It was reported in Toronto Monday a statement of the On- tario government's position on tolls for the canal may be made YES Dec IN timates of the percentage the federal payments made up of the| total works project costs. Labor Minister Starr said 3o per cent of total project costs are labor costs om the basls of fi~. Which ures supplied by the municipal ties. Murdo Martin (CCF -- Tim- in the legislature next week, The chamber said in a tel am to the premier Tuesday: "Tolls on Welland Canal would |increaen cost of basic industry would in turn increase neice of those industries using tie'r products. . . Your statement could help prevent added cost| burden which industry 'generally cannot absorb | Finish Our... REC-ROOM Canadian Gypsum Woodgrain 1 WALLBOARD 1 We've ided To LOW COST FREE ESTIMATES FREE DELIVERY Fleming and Lionel Chevrier (L ~Montreal Laurier The angry exchange occurred plementaries for the year ending March 31 but others of $1,300.000 to complete $l-an-acre payments muald Bourque (L -- Montreal Outremont-St. Jean), mayor of Outremont, Que., supplied the crease last April 1 in the subven- OTTAWA (CP)--Twenty-seven fio od Nova Scotia coal moving paintings bought by the national 3 nto tario markets. i after chairman Pierre Sevigny| : bates Re : A | gallery since 1935 have not been to Pralrie grain growers and had repeatedly called H. J. Ro- Mines Minister Comtois said| on to the gallery-going pub-|$2,193,500 to pay the anticipated figure 20 per cent. bichaud (L--Gloucester) to order Lc, increase cost $1.500,000, How. | operating deficit of the CBC| He said the $15.00 was a PY A |ever, all but $630,000 of this was|lic, the Commons hes been in. ola A) ; drop in the bucket' that 1d for straying from the matter un- | : : hr touched off equally sharp fights P e bucke! at would pied Bl obtained from the unused part of|formed by Citizenship Minister | oo" winning approval last|Provide about 2% days of work scussion. the coal subvention budgeted for|Fairclough. Their total cost was =F ~ for each of the 538,000 persons a. Fleming charged Mr. Ro- Western Canada coal. $18, 5. i {unemployed at mid-January. aud Sry he © CIPO smear | A report tabled Tuesday for ATTACKED BY OPPOSITION Willlam L. Houck (L--Niagars vent and defy' the chair's rul : EARLY RAILWAYS |{J. W. Murphy (PC -- Lambton-. The winter works program first|J alls) urged Mr. Starr to take a bs Sai Railway companies usin; wood- Kent) said the 27 were either came under fire last Friday when stronger line in cabinet with hi r. Chevrier shouted heatedly burning locomotives operated a|small sketches, for which room opposition members. attacked it|colleagues in order to get mors that the minister had no right tototal of 1,800 miles in Canada in|wasn't available, or paintings in as too little, too late. After a one- | money for projects to fight un say that. | 1860, need of restoration or reframing. |day interruption they resumed'employment. No Down Payment MILLWORK & BUILDIKG SUPPLIES LTD. 1279 SIMCOE ST. NORTH RA 3-4694'