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14 THE OSHAWA TIMES, Tuesday, Moy 5, 1959 | Advertisers Elect Man TODAY'S TORONTO, MONTREAL STOCKS Nel Net Loy Stock Sales High Low 11 a.m, Ch'ge Stock ry + + [4 4 East Sull od » TORONTO . By The Canadian Press Toronto Stock Exchange--~May § (Quotations in cents unless marked §, id lot, x4 --~ Ex-dividend, xr--Ex- y Ew-Ex-warrants.) Industrials Net Block Sales HY; m, Oh' Abitibi Ts 5 oer Acad-Atl A Sales High Low 11 a.m, Stock 50 1% 71% TW 860% 60% 60% Elder Fldrich c oll Gunnar CPR Gunnar wits H of Lakes Hoyle Int Ran Irish Cop Jacobus Joburke Joliet Jowesey Kerr-Add Kilembe Kilem C wis 1! Kirk Min Labrador L Shore L Wasa Leiteh LL Lae Lyndhst Macussa 300 460 1000 200 4 1000 D Bridge D Fndry D Glass D Steel D Tar D Text 3h 42% : $4% 14% Fram $6% 6% $22 =» $48 48 $38% 38% Graser Fr Pete Gatineau Madsen Malartie Marnlgo Maritime Martin Matach McKen McWat 58 16% 185 Imp Inv Balley SA Imp Ol Bailey § pr 25 $2 n 2 Bail § S%pr 220 821% 21% 21% Britalta 900 300 300 300 Cal Ed 530% 30 Merrill *C Oil Lds 175 175 +3 Midrim CS Oil wis 70 70 Milliken C Chieftn 130 130 4 Mt Wright Cdn Dev 515 515 Nama Cr C Ex Gas 5 Nealon 1 New Cal pi Homaa New Hosco C Husky wits New Jason Cent Del N Kelore 6500 N Mylama 34384 New Rouyn 1000 Nickel MS 500 Nick Rim Noranda Norlartie Tro juols Jamalea Labatt 00 60 30 $36 25 50 2000 20: 500 1500 3000 1000 300 1500 125 815 400 125 400 Noranda Ogilvie Price br © Collieries C Colli pr 200 C Curt W 525 3 C Dredge 50 C Eagle 300 C Ice Mach A 100 CIL 290 235 $29 200 $20 20 $48 48% 48% $14 13% 14 Home Oil $38% 38% 38% Ll Pete Medal Que Roe AV Rolland Rolland Royal Bi StL Co: 100 Dyn Pete 435 & 54100 Gr Plains 200 365 Home Oll {CPR C Vickers C Westnghse 80 Conduits 1345 Con Gas 435 Con Gas B 50 $104% 104% 104% Croby vt 235 $20% 20% 20% Crain RL D Fndry Dom Stores Dom Text Fam Play Fed Grain $47 Ford A 235 $137 Gatineau 90 $4414 44a MY Gen Dynam 100 $56% 56% 56% Goodyear 10 $186 186 186 GL Paper 200 $38 GL Power 50 $30 GN Gas 2800r z5 $40 GN Gas wis 100 265 Gr Wpg G Normetal Norsyne N Gate Midcon N Bristol Northcal Pac Pete Permo pr Petrol Jor Dra Place r Can Provo Gas Walk G Ranger Webb Ki Royalite pr Sarcee Secur Free South U Spooner Tex Cal Zellers Que Lith Quemont Radiore Rayrock Rockwin sherritt Siscoe Slocan VR Stan'gh wits Steeloy 3000 7 64% Steep R $13% 13% Syivanite 112 12 11 Taurcanis 500 86 86 Abitea 18% 18% 90 $79% 79% 79% 320 $42% 42% 42 %--% 525 $134 13% 13% 270 $38% 38 38 -- W 15 $12% 12% 10% -Y% 200 W Decalta 100 Inland Gas Inter PL Intp St Inv Syn A Jefferson . Mines 300 325 1350 $16% » Teck-H Temag NE > Tombill 3218 1 U Mining 8% 39 Un Keno Apex 5 5 [ Ventures Arcadia 16 16 Area 3 118 118 Arjon 5% 154 15% Barnat 170 173 Baska 19 B-Duq Belcher Bethim Bibis Black Bay Bouzan 300 86% 6% 250 $534 B83 775 $7T% 7 460 $33 200 $10% Advocate Algim Am Larder 3000 Ansil 5000 Res 1500 500 Lob Co A MacMill B Mass F Mid West Milt Brick Molson A Molson B Mont Loco Moore Nat Drug 14% 14% + W 185 185 +8 Union G Young HG Yukeno Zenmac 150 $25 25 200 $25 25 25 200 $19% 19% 10% 35 s111 111 100 $17% 17% Bralorne 100 $15% 15% Broul Reef 60 Buff Ank Buff RL Camp Chib C Malart Cdn NW Can Erin Can Met Cassiar Cent Pore Chester Chib Jae Coch Win Coin Lake Coldstrm Colomac C Callinan C Denison C Den wis C Discovery CG Arrow C Haliwell Con M 8 Con Nichol Con Sud Coprand Daering D'Aragon D'Eldona Duvan E Amph! East Mal 1400 6 Va 2700 3% NW YW MONTREAL By The Canadian Press sontreal Stock Exchange--May 5 (Quotations in cents unless marked 8. #--0dd lot, xd = Exdividend, xr--Ex- rights, xsw--Ex-warrants.) Industrials Alscope Aull Nor Phone Oak Wood Ocean Cem Ont Loan Page Hers Powell R P Pipe Mig Prem Tr Premium * Pres Elect Roe AV C z50 $17 75 $27% 27% IT 180 $31% 31% 31% -- W 25 830% 39% 30% -- © 460 +1 140 'SN 500 220 220 195 $9% 9% 9% + W Royal Bank 40 $8214 824 82% -- W Russell 1300 $11 11 1 . St L Corp 450 $17% 17% 17% -- W St Maurice 800 100 100 100 $14% 144 144% -- W Mm 2 NU----% Salada § a 360 Shawin 5 $48 44 ed $36% 36% 36% -- A 205 205 208 Binnyvle 11:30 Net High Low a.m. Ch'ge $36% 36% Xu -- Stock Abitibi Agnew § 100 Algoma 350 Alumin 2187 Alum 1 p xd 220 Alum 2 p xd z10 Asbestos 875 Atlas Steel 25 Bnque C N 125 Bng CN wt 148 Bank Mont 068 Bk Mont rt 3800 Bank N§ 100 Bell Phone 1970 Bwirs M pr 70 Brazil 668 BCE 4% pr 150 BCE 3 pr 25 Brown 'xd 100 Bales 40 100 1000 8900 1770 Shawin B pr 75 Simpsons 110 SKD Mig 666 Merrill 1600 300 1000 3500 500 1000 1500 30900 $29 165 90 $7T7T% 10 $100% 100% 10044 -- VA $34 33% 33% -- $15% 15% 15% -- WW 525 B25 8525 88 3n7 17 17 18% Paudash Suptest ord Taylor PC 1330 0h -- W Taylor PC pr 150 $8% $18% 18 8% C Cottons pr C1 Power pr C Vickers Cockshutt Foundatn Gen Dynam mp Int Nickel Int Paper Intpy PL xd Mass Fer Molson A Molson pr Mtl Loco Q Nat Gas Pow Sher Will Steel Can Steinbg A xd 3760 Bk 0 Wesotn B 2500 Blue Bonnets 100 Alta Mines 5500 Ameranm 1000 Boker Tiae Bateman Belle Chib Bluewater Burnt Hil Camp Chib C Collleries Canalask Hollinger Montgary Pitt Gold 11:80 Net High Low a.m. Ch'ge HM 9% 2 Uh + 21% 235 "846% 205 2125 150 $20 210 220 pr 215 8 z10 396 910 Dupuis Fr A 258 TV B 200 535 25 725 72 45% O% +1% 57 57 AT% AT% 19 19 2 +1 56% 86% + % 2% 20% Q% 2% --% 13% 13% + % 89 12 53 pr 2100 140 40 215 50 125 6% p 25 576 -1 pr Cc A B ank z10 Pipe 335 w 260 np 3025 400 20 100 840% Canadian 8° 88 88 810% 10% 10% -- % 100 $54% 54% J +1% $25 25 25 $10% 10% 10% 200 2 -W 250 $15% 15% 15% m m ---%w 9 4» 24% 24% UK $30% 39% 39% + MH 400 $27 nn on 1100 $13% 13% 13% -- W as 900 316% 16% 16% ' Mines 1500 28 ] 20% 26 5 5 500 17 700 1000 2000 1000 2000 7700 100 Ee La TL LE 1500 Build Prod 3 | "BUSINESS SPOTLIGHT ™ rejected the United States con- tention that shrimp imported or Caribbean lrade & «ai danger to American security while moving between Canadian MONTREAL (CP) -- Canada's ture. To capture it Canadian ex- West Indies, inaugurated a year cities on U.S. roads. { trade future in the Caribbean ports will have to be on the spot, ago. The federation groups to-| i area will depend to a large ex-|get to know the market, be ag- gether 10 British colonies in the ave Minister Ming og i tent on aggressive salesmanship gressive and competitive. Time Caribbean which hope eventually|the view Canada expressed to the and competitive prices. is of the essence and it is cer- to become a self-governing Dom-|U.§ and this country now is con- That is one of the conclusions! tainly running out.' inion within the Commonwealth. |sidering what action "can be ap- in a report made by a Canadian The report referred to the prob. AIM TO DROP BARRIERS {propriately taken by the Cana- economic mission which visited lems facing the Federation of the On entering the federation, dian authorities in the circum- the West Indies and British Gui-| each of the colonies retained its stances." customs and tariffs barriers. The| The road bam on shrimp and ana last January. The mission's ; is being distributed federation now is aiming at elim-| . report now is being ed STOCK MARKET [federation now is aiming at elim other Red Chinese delicacies de- by the Canadian Chamber | stined for Canadian restaurants Commerce which sponsored the NET EARNINGS [customs union that would be oc imposed Feb. 1 after what mission. {brought into effect within five iyo" Canadian Trucking Associa: the report of the mission, | By THE CANADIAN PRESS years. re tions said was six years of unim- 4 A y NJ 2 ob p ort concludes witl made up of 40 leading represent-| ganf Oil Ltd., year ended Dec. | (hese hE Ny ues WIth peded shipment. atives of the Canadian businessigy. 1958 net loss $474,552; 1957, 1 There are real potentialities The U.S. acted under an emer- eommunity, is to be presented 10 net 1ogs $211,001. | fon v gency provision of the General tera] cabinet with a {for future markets in the West } thé federal c on specific points, |. Brown Company, 8 mos. ended Indies which should result from | Agreement on Tariffs and Trade. quest for action on spec MS: peb. 28: 1959, $10,780; 1958, net higher living standards once the KO WA Among other things, the cabinet, $141,376 : A D REAN R EXCUSE will be asked to urge the British loss 1376. {West Indies achieves a firm pol-| Tye emergency in this case, i re.| Canada Foils Ltd. year ended itical federation and a said My. Diefenbal ¥ government to lift currency reine. 31. 1958 $332,232, $2.18 a union. 22 hy theo uNaLEl, stfictions now Jompering 5 BA share: 1957, $318,380, $2.09. "2. The Canadian and West Ind- re by he DS whe Sues pansion of trade with the West =~ ron qian International Invest-lies' governments should join in cy hi originated wi e Inglies. {ment Trust Ltd., year ended Feb. urging the United Kingdom gov-| organ ar. oh The 10,500 word report EL ig MA » rents a ernment to remove the remai Wn asd US. official Mon- findings ve committees share; 1958, 87, 85 cents. ling exchange restrictions on|03Y IU 5. officials as say- " & ing the ban is "completely justi- with dish h discussed trade problems Chrysler Corp., 3 mos. ended west-Ind gn government and business March 31: 1959, $15,236,000, $1.75 sible. Wigs truge a6 Soob as ov. fied." It resulted in U.S. customs leaders in Jamaica, Trinidad, a share; 1958, net loss $15,100,000. hack to 1949 when the pound was officials closing the B.C.-Wash- British Guiana and Barbados. Coniagas Mines Ltd, year|jevalued. |ington state border to in-transit committees dealt with ex- ended Dec. 31: 1958, $38,592; 1957, 3 Canadian-West Indies trade, Shipments of Red Chinese delica- ports from Canada to the West $164,049. lat the present time, appears to cies. Indies; imports from the West, Craig Bit Co. Ltd, 6 mos. pe adequately served by sea and] John Magee, secretary of the Red China Shrimp Raises Salesmanship Needed US. Protest To Canada OTTAWA (CP) -- Canada has were very surprised when the U.S. customs put in this ban last Feb. 19, The freight had always moved in trailers sealed before entry into the US. and trailers remained sealed for the entire movement over American high- ways." The ban is reported to have followed complaints of a Mont. real distributor of frozen shrimp that shrimp and other foods from Red China were injuring his bus- ister Fulton says the theory of "osmosis" could come into play 'From Oshawa As Director TORONTO (CP)--Justice Min- in Canadian-United States leader- ship in the field of national po- licy and development of our eco- nomy."" . A law of physics, osmosis was described by Mr, Fulton: are side by side, separated by no Canadian Radio ie B very Hels Wat tars Productions branch to a hockey referee--'not| in conflict with the players, he is there merely to see that all obey He compared the combines faded InNew Zealand i ™ AUCKLAND, N.Z. (CP)--Cana-| the rules." John J. McGill, manager of Imperial Tobacco Company of Canada, was elected president of the association. Di- "That where two. uid masses rectors include D, M. Mackinnon of Oshawa. real barrier, the natural trend is for them to flow together. Add where, as in this case, one mass is so much greater than the other the tendency is for the lesser (Canada) to be absorbed by the greater (the United States)." Mr, Fulton told the Association of Canadian Advertisers Monday that the fact Canada was rela- tively undeveloped and sparsely to so well developed a country as the U.S. gave the government a special responsibility. Common-Law Marriage Tax Relief Asked OTTAWA (CP)--A for in- populated and perched next door|.ome tax relief on Jew Joe J. Common d | head tional link. ted Winch (CCF Ba. on a national link. Adap! dian radio productions are at-| tracting attention in New Zea- land. Recent reviews find Cana- dian fare a refreshing change, from much of the usual air fare! |here, The critic of the weekly pub-| lication Truth draws pointed at-| tention to the contrast between a Canadian serial broadcast here] lately and similar efforts from Australia, "Serials have become a by- word for the shoddy radio fare given us for the most part in Aus-| tralian-produced soap operas," he writes. "1 was delighted that, with much the same ingredients, the Canadian Broadcasting Cor- poration could produce really adult fare in Barometer Rising, from the novel of Hugh McLen- |, WINS TENNIS TITLE HURLINGHAM, Eng. (AP)-- Angela Mortimer, Britain's fourth - ranked women's player, demeated Janet Hopps of Seattle 7-5, 6-1 Saturday in the ham hard courts tennis cham- pionship final. . "RECORD WON'T COUNT LOS ANGELES (AP)--Fresh- man Dallas Long of the Univer sity of Southern California bet- tered the world shot put record Saturday with a throw of 63 feet, seven inches, but the perform ance was becluded a techni- cality. The record is 63 feet, two inches, set Parry O'Brien, Nov. 1956, in Los Angeles. Long got off the throw on his seventh put and international rules require m more than six rows. that the economic as well as the political policies followed in Can- ada are controlled and settled in dians." The government must "ensure; But Finance Minister Fleming said it is not that Par- liament amend Income Tax Act to recognize these "illicit" arrangements and permit a man to claim his common-law wife as FAVOR SMALL BUSINESS | Sepsudent. i te. wa In discussing the Combines Act, : a wasn't con- Mr. Fulton indicated the small [Sie boss Spal ROTI ii businessman will be favored Infor a period of years, and "man; amendments to be presented to are more oars ne rriid the house. the law." Canada for the interests of Cana- nan, it ran for five half - hour episodes. WINS BY 24 SECONDS "The plot is pure corn . , . but| HAMILTON, Bermuda (AP)- | what a difference those Canadian Sabre, five-metre yacht owned boys make of it. 'and p | Houston, Tex., won the "Characterization is excellent pace in a series for the sailed by Ernest Fay of Faward in both major and minor parts. prince of Wales Cup Sunday. It Sound effects are interwoven with heat out Quixotic, el the dialogue, and tension builds| owen Aisher of England, 2% up with each episode to explode spconds with a time ive 5s with the famous (1917) Halifax in- 10 minutes, 17 seconds, cident. The whole is tied together Government Tries To Plug Loophole OTTAWA (CP)--The Commons heard Monday about a govern- ment attempt to plug a loophole in tax laws regarding foreign corporations, Finance Minister Fleming said present corporation tax laws open a possibility that Canada might be used as a tax haven by foreign corporations or as a site of operations to escape taxation. He said a Canadian corpora- tion might form another corpor- ation to run from inside this country the business of the par- ent outside Canada. By doing that it could escape taxes on any dividends paid by the subsidiary to the parent. To use Canada as a tax haven, he hinted that a foreign corpora- tion might set up its head office in Canada to conduct its business outside the country and thus es- cape paying corporation tax to Canada. William Benidickson (L--Ken- ora-Rainy River) said Mr. Flem- ing's explanation is inadequate and asked him to give all the de- tails during study of a tax resolu. tion on which a loophole-plugging bill will be based. Mr. Fleming said no one has |abused the tax laws yet but the government wants to make sure there is no abuse in future, Nominations For Elections Number 181 By THE CANADIAN PRESS Four Progressive Conservative candidates were inated Mon- day night, bringing the total of nominations for the Ontario gen- eral election June 11 to 181, The Progressive Conservatives have nominated 61, CCF 56, Lib- erals 55, Labor - Progressive (Communist) party, eight. {One Independent Progressive Conservative has also been nom- inated. Nominated Monday were Ro- bert Elliott, member of the last legislature for Hamilton East, Planning Minister Nickle, Kings- ton, Irwin Haskett, Ottawa South, and John P. Robarts, minister without portfolio, in north Lon- you can on. Mr. Haskett, 54, a long - time Progressive Conservative party organizer, won an easy victory over Mayor George Nelms and two other candidates to represent his party in contesting the seat held since 1937 by former provin- iness, He urged the U.S. to en- force its foreign trading laws, clal secretary George Dunbar, now 81, who is retiring. even cash cheques by mail ...any time... any dayl At Imperial Bank of Canada, you need never worry about banking hours . . . cashing cheques, making deposits and remittances . . . all trans- actions are handled so quickly and easily when you bank by mail. Write or visit your Imperial Bank soon. It's convenient . . . it's easy . . . and you ean bank by mail anytime at IMPERIAL 2% BAN KK zz www fit No more hot water worries! RENTA NATURAL GAS | WATER HEATER only *1.75 a Month Indies to Canada; investment ended March 31: 1959, $22,046, gir transport, |CTA, said that "after six years qd technical assistance; tourism 9% cents a share; 1958, $46,280, 4. The present decline in total of hauling Chinese food products related exchange problems; 20 cents. Canadian sales to the West Indies over American highways we and transportation and communi General Motors Corp., 8 mos.|i; que in large part to competi-| cations ended March 31: 1959, $293,482 0. "coon "United States' exports| " 0, $1.03 a share; 1958, $181,369,-| it U..8. MOVING IN ig dd, |of subsidized commodities. On exports, the report said: General Motors Acceptance| 3. mages long Jen md. gen "Canada cannot ignore the fact Corp., year ended Dec. 31: 1 Lind Prefolonce on ] est I eg that the United States, using sub: s3 462,392, $23.08 a share; 1957, Sugar Ine Hod ua sidized flour as an economic $2 908,753, $18.39. Sa hy Canada could well consider £arian immigrant was guided to weapon, has ousted her from sec-| Giant Yellowknife Gold Mines| ..o in to the West Indies safety Monday night from a ond place as a supplier and Is/Ltd, 3 mos. ended March 31: 2" 0 8 da Cai €S SOME, ming rooming house by a making every effort to firmly en- 1959, $566,276, 14 cents a share; =o Jes a mn Se fored | neighbor, after an oil furnace ex- trench themselves in the West In-|1958, $168,320, 4 cents. ent a ng Tanger |ploded blowing out a rear wall dies area. | Langley's Ltd. year ended| oped countries. ang part of a side wall. "A new Canada - West Indies Dec. 31: 1958, $28,705, $1.14 a Charles Scsaszny was found trade agreement ls needed asishare; 1957, $27,894, $1.08. FERRY PLANES TO EUROPE |groping in dense smoke by Davey soon as the federation is in a| Ontario Beauty Supply Co. Ltd.| OTTAWA (CP) -- Twenty-five Jones, 66, came running position to negotiate on behalf of|year ended Dec. 31: 1958, $21,247, RCAF Expeditors -- small twin- from his house when he heard its units. In any such negotiations 1957, $33,463. engine communication and train-|the. explosion. Canada's rights as a substantial Robinson Little and Co. Ltd. ing aircraft will be ferried Owners of the house, Mr. and buger of sugar on a preferential year ended Dec. 31: 198, $109, across the Atlantic this month for Mps, Steve Piroczky, were at a basis should bé more adequately 248; 1957, $111,920 delivery to Portugal and France theatre when they heard about recognized . . . Thompson Paper Box Co, Ltd. |under Canadian mutual aid ar- the blast. On the way home, Mis. "qn conclusion it would appear 3 mos. ended March 31: 1959,\rangements. The Expeditors will Piroczky stum bled and fell, that there could be a good mar-|$29,248, 13 cents a share; ,| assemble at Trenton, about May breaking her leg, and was taken in the fu. $43,957, 38 cents. 2. Ha By Young Immigrant Guided To Safety BARRIE (CP)--A young Hun- 3 TIMES FASTER HEATING | Natural No other fuel can equa Gus for water heating on a spplY to cost comparison. in supply 5 imp. gol: 3 thermostat in an hour Your Gas company does not employ door-to-door salesmen nor telephone canvassers, For information about dealers licensed by the Ontario Fuel Board to sell and install natural gas equipment call or write the Sales Department of A a A A ag ANS NA