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BEVY OF DOUBTERS THE OSHAWA TIMES, Tuesdey, August 11, 1959 7 TODAY'S TORONTO, MONTREAL STOCKS TORONTO 190 ot 4 ' Stock Sales High Liw 11 a.m, Ch'ge Block Sales Stock Sales High Low p.m. Ch'ge Amon a VAEFEFR Cormus Ia By The Canadisn Press marked § goronte Stock Bachanfedny, n dividend i § & 11] HE Hd FE 2k i : Hl B9BugaBudE Ens IRE 4 RETIREE 2 i EeRgBENEEEeEsst 81 ¥ 1 8 i : yo s se8h 282 fananganas 180 $12% 80 $49% z20 $68 Dom Tar 800 $19% Dom Tar pr z100 $19% Fam Play 735 S2% if LE bs 33 £338 1 1 ge 1 i wed is i g £8 § Ie 4 Pliig sas 5 H 8888s Eo 75 oe ih ili 5 ska . i 4 Ld § Fad Ta Ed LE] Un Telef Walk G W Wood J A Curb se 8E58% ub sguEggy 1% +1: +] I FE = = ¥ EEpBaaedda gEx¥repasysEiiasy # 2855EEs ERNE E NaS PH FEEEEF FF FEF a 8 375 29 300 148 19 2 130 iF B EEF a FF 88 2d 3 3-8 FFE BE F t td Beta BE3RE <td BEREE RENE «8% 000 163 160 1 un uh MINES "@ 8 375 29 300 u7 19 2 130 17 16 18% 18% 55 55 5 angaaaa ES zES =5 g gEciisiiatunslat 3 SEH 3 8 sedis. «Suis suisse I a yards ES -R-R-2-R-J oe segunttef FR + & TIRE 1 SS ¥ > puff ta » z848 ta & & - 8 TTI IR TIRE 1 + Natl Nat stl te Pa StL SRelisgun & 3 e835eke, 3 85% Beguuza ii. uses els uenel Tr Can U Steel Walk G FORESTS 1D Weston Int Paint A Moore M R Dairies Nfld Light Que Ph Reitmans Shop Save T Fin A 'Trans Mt Utd Prrpl Union Gas Waterm: MONTREAL Stock Aug. 11 (Quotations in »--0dd lot, xd cents unless marked §, - Ex<ividend, xr--Ex- rights, sw--Ex-warranis.) INDUSTRIALS Stock Sale Se: 11:30 Net s High Low p.m. Ch'ge $37% $40 $33% N Pac Coal 1200 N Vinray Westvill Sales Hi Car Car N 8 Lig Webb Knp 4 FF ER ¥ +1 ES 3 z15 § 2115 $17% 17 225 ht $16 16 $5 sEruseassesygizennguspssassiyz + ++11 i bie Cc A seams gREISEs ¥ 38 16% -- % 87 +3% 20 0 --3 Pipe 515 $28% 2% + % 225 $12 12 12 W275 839% 39% 100 375 375 50 $38 38 CANADIAN Ss 6 7% Th Th --% 18% -- % 39% Et] B 8 -2 200 300 100 75 wn 225 100 73% -- Y% He +% 175 2% wis 85 FEES [+1++1 1 320 $19% 19% an 5% SW ES 588aten a I 3 PRISE +8 SN 5 ahonis F Fp Y oH wo B Had i FIT PP = Ey JREsg % 31:30 a.m.: Industrials 33,900; BUSINESS SPOTLIG HT Ice Bugs Seaway In Winter Months MONTREAL (CP)--Ice may be| One example is a technique de- pice on a summer day, but in|veloped by Ontario Hydro for winter it's one of Canada's big-|pouring cement in below zero temperatures. It was used at the Cornwall power dam portion of Lawrence Seaway, Pre- heated cement was poured right gest problems. Ice costs the Canadian econ- omy millions of dollars each year. It's a construction bugbear in winter, It hampers year-round and closes off the Great Lakes four months a year. The effect of ice on Canada will be discussed here later this month by delegates to the bi- ennial congress of the Interna- tional Association for Hydraulic Research. Their discussions will centre mainly on building power dams, bridges and other structures that touch frozen water, but could very well touch on other aspects of ice and what it does. This country, after a slow start Scientists at McGill University are studying ice and weather. Others are putting cold weather research to work in industry. Stelco Has Plenty Of Iron Ore HAMILTON (CP) -- Steelmak- ing operations at the Steel Com- pany of Canada Limited will not be interrupted in the months ahead by a lack of iron ore, H.G. Hilton, chairman and chief exec- the St. {through winter. developed eep would river. conditions, says J. E. Cousineau urveys engineer with Hydro-Que best means of preventing | ation is | ," he says. | Scientists have also been work- shipping ia she St. Lawrele ed on a number of methods to {combat ice. One is the Swedish- system of blowing | compressed air from the bottom of a lake or stream. This would| quiet sections open, but be ineffective in a large No two streams offer the same| solution to construction under ice "On rivers whose waters are cooled to the freezing point the ice is moving ahead in ice research. from interfering with plant oper- by providing a large head "On streams whose waters are never cooled to the freezing point, ice prob- lems are very easily solved. "The use of heat and com- pressed air to prevent ice troubles cannot be relied on in so mighty a river as the St. Lawr- ence,"' he added. There are few settled places where the effect of ice is more evident than in the St. Lawrence gulf, crammed with shipping in summer, white and silent in by bit, shipping firms are venturing into the gulf in winter. The Danish ship Helga Dan, her bows reinforced for ice ,|work, made it to Quebec last .|winter. Small coastal schomers have worked the gulf during the last two winters. Another company says it plans sailings every three weeks from Quebec this coming winter. Soviets Agree On Test Bans GENEVA Soviet delegate Semyon K conference his government ac utive officer said today. "Because of Welland Ship Canal congestion and the closing of U.S. iron mines as a result of the steel strike, much 'misunder- standing and considerable misap- prehension has arisen with re- spect to the iron ore situation at the Steel Company of Canada," Mr. Hilton sald in a statement "Under mo circumstances will the steel - making operations at Hamilton works of Stelco be in- terrupted now or next winter be- cause of a lack of iron ore, "So far this year our facilities have operated at, or above, their rated capacity The outlook for the balance of 1959 is excellent, of the earth. (AP) -- The Soviet Union formally agreed at the nu- clear test ban talks Monday to write into a test suspension treaty a system to control high altitude and outer space blasts.|the f, Tsarapkin told the three-power cepted the findings of a working group of U.S. British and Rus. sian scientists. The scientists rec- ded a system of artificial satellites to prevent sneak explo- sions far away from the surface Complaint Over Plane Investigated OTTAWA (CP)--The transport department's air services division is investigating a complaint from lederal airport at Peterbor- .|ough that one of the department's Seek Out Nil ST. JOHN'S, Nfld. (CP) -- A record of 95 candidates set out today to win the voters' support in an Aug. 20 provincial election that Liberal Premier Smallwood hopes will erase the Progressive Conservative party from the 36- seat legislature. when nominations closed Mon- |day. Capt. Uriah Strickland, who {represented Bonavista South in the 1956 provincial election, won acclamation. Liberals named the most can- didates--33. Progressive Conserv- atives led by Opposition Leader Inco Union * Has Complaint SUDBURY (CP)--Local 598 of the Internationa! Union of Mine, Mill and Smelter Workers (Ind.) has forwarded a brief to the min- ister of national revenue, charg- ing irregularities "of a serious nature" in INCO's pension fund. A union spokesman said Mon- day the charged developed when an INCO employee at Copper Cliff was allegedly "robbed" of half his INCO disability pension because he was receiving unem- ployment insurance. He said the company had to allow the full pension again when the unemployment insur- ance benefits tapered off. The union feels the emplovee is en- titled to both the full INCO pen- sion and government benefits. The company declined to com- ment on the brief because offi- cials had not yet seen a copy of aircraft infringed regulations by -|\landing there Sunday night with- out registering. Hardy Oakman, airport man- ager, sald the DC-3 aircraft set down, waited a few minutes, then took off. "It should have registered be- fore taking off, no matter how Union Official Dies In Toronto TORONTO (CP) -- Silby Bar- rett, 74, for years the top Cana of America, died here Sunday. Mr. Barrett brought the CIO form of industrial unionism to Canada and signed the first col and we look forward to operating lective agreement for Steelwork dian in the United Mine Workers in short the stay," he said. The aircraft apparently was on a trial flight from Toronto to test a new landing stip before it is used Wednesday by the DC-3 to carry Transport Minister Hees to the southeastern Ontario city to open an exhibition there, Departmental officials here said it is in order for an aircraft to touch down and take off again this manner. All that was needed was a signal from the air- port control tower. However, the air services divi- sion is checking Mr. Oakman's complaint that to do so is an in- Net Income Of CPR Up MONTREAL (CP)--The Cana- dian Pacific Railway Co. reported Monday net income of $13,050,615 for the six months ended June 30, 1959, against $14,335,243 in the corresponding 1958 period. After paying preferred and common dividends, the company transferred $773,095 to retained earnings compared with $2,247 - 259 in the first half of 1958. Rallway net income for the first half increased to $17,006,480 from $16,016,147 but other income decreased to $4,674,965 from $6,- Railway revenues for the half Record 95 Candidates Only one man was unopposed Trinity South for the Liberals by| d. Voters Malcolm Hollett have 32, four ishort of the full slate they fore- cast earlier. Candidates from two newly-formed parties swelled the election lists. The labor - backed Newfound- land Democratic party named 19 candidates. The United New- foundland party, formed by two renegade Conservative House members, has nine, There are also two independents in the race, bringing the slate of candidates to 17 greater than in the 1956 provincial election. The Liberals, Democrats and the UNP claim Newfoundland was "betrayed" when the federal gov- ernment passed a special grants act giving this province $360,500, 000 over a five-year period end- ing March 31, 1962. They main. tain the grants should be carried out indefinitely. The PCs point out that the pre- amble of the Newfoundland Grants Act provides for a review of Newfoundland's financial posi- Sales Wave Sets Back Industrials TORONTO (CP) -- Industrials suffered their sharpest setback in more than nine months as the stock market was staggered by a wave of selling Monday. The trading pace was moderate, For industrials, their index loss of 5.96 to 544.96 was the biggest the section has suffered since Nov. 24, 1958 when the index gave up more than 9 points. Base metals dipped 1.76 to 176.91 more than 13; points and golds lost .49 to 89.31. Western oils were down .38 to 117.83. The final volume was 2,582,000 shaves, compared with Friday's! 2,971,000. - Among industrials 16 of the 20 issues comprising the index were down, one gained. The most act- ive five all lost with Aluminium down 1% at 33%. Ford Motor 'lost 3% at 73%. General Dynamics, General Mo- tors, Steel Co., of Canada and Canadian Cottons were down more than 2. International Nickel dipped 2% at 98%. Falconbridge eased 1% 2 THRILLING CRIME DRAMAS! Hi its Market forth a bevy of doubters. |be hit hard by a $10,000,000,000 up to advance billing and lead to the summit talks. how it would affect U.S. industry in 1955 when defence spending than a temporary thaw can be needs more than took up the last summit meeting in Genevaly,u1q Jie in the chance of a cut Some believe the most that|o a) taxes and put more money $10,000,000,000 a year. That is the| NEW YORK (AP)--The stock; Communities where armament | market's peace scare is bringing |factories are a mainstay would Everyone hopes that the Eisen-|drop in defence spending -- sup- hower-Khrushchev talks can live posing that to be possible after a thaw in the cold war. But just] But observers point to the big how much of a thaw is like'v and upsurge in the over-all my is another matter. was $10,000,000,000 less than in Those who doubt that more(1953. Consumers' peace - time expected have precedents for slack. their views. They can point to the| pe biggest hope this time where Soviet promises were|;, federal spending that would made--and later broken. justify a comparable cut in fed- could happen would be a drop in|; umer kets. U.S. defence spending of around | "0 cons poe amount that it fell in the two| H years following the end of the Rir Agreement Korean War. Those two years saw the 1953-54 For Canada, U.S. recession. But they also saw the start of the business boom that| OTTAWA (CP)--Transport Min- lasted into 1957. ister Hees announced Monday a SPUTNIK SPUR new Canada-United States agree- And with the launching of the ment providing for a pibstautial first Sputnik came the big buildup increase in the use v anadisy in U.S. defence spending that has jcommericial sie services by US. thrown the federal budeet out of ar rees. : kilter and stifled hopes for tax 'They will use Canadian air ser- cuts. Vices for movemont of Eatgo sid Si ing that the Eisenhower- civilian personne talks do lead to a whenever these services can meet cold war thaw that looks trust. military transportation require- worthy, what would happen to the ments effectively and econom- economy? ically, If defence spending can be cut by $10,000,000,000 or more, the first to feel it adversely will be THEATRE GUIDE the defence industries. The next to feel it may be the American p. 0 (Whithy) -- "The Re- taxpayer--and pleasantly. markable Mr. Pennypacker" Many companies making weap-| (5qy;¢ entertainment) "Carry ons also are heavily involved in On Sergeant", 8.40 pm. Last the space age. The urge to con- complete show 8.20 pm quer outer space may well go on | nrarks - "Witness for the " unabated with or without a cold cution", 2.05, 5.20, hy og war thaw. "The Crooked Circle", 12.55, Earnings 0 f plete show at 8.40 p.m. Inco Ltd. G: Arab PLAYIN Reported Up 1.05, 8.10, 5.20, 7.25, 9.30 p.m Last complete show 9.25 p.m, Regent -- "The Young Philadel- phians", 1.35, 4.05, 6.35, 9.05 p.m. Last complete show 9.00 p.m. TORONTO CEI Suteatiosa] Nickel Co., of Canada Ltd. re- ported Monday earnings of $38,- 391,000 of $2.63 for the first six months this year, compared with $21,401,000 or $1.64 in the same period in 1958. The three-month earnings were $21,407,009 of $1.47, .compared with $9,188,000 or 63 cents a share in 1958. All earnings are shown in United States currency. The company attributed in- creased earnings primarily to an |increase of more than 50 per cent in the rate of nickel deliveries in all forms and improvement in the | market price for copper. | Capital expenditures of $30,-| 527,000 were made during the first six months, compared with | $25,318,000 for the first six months of 1958. The increase in capital | expenditures relates to the con-| struction at the company's new | nickel project at Thompson, | Ruck HUDSON in SIMMONS Rory MCGUIRE Cuavoe RAINS fo Man. Sales for the first six months showed an increase to $212,406,- 000 compared with $165,608,000 in the first six months of 1958. STOCK MARKET NET EARNINGS By THE CANADIAN PRESS International Nickel Co. of Can- ada, Lt., 3 mos. ended June 30: 1959, $21,407,000, $1.47 a share; 1958, $9,188,000, 63 cents; 6 mos. ended June 30: 1959, $38,391,000, $2.63 a share; 1958, $21,401,000, $1.46. Figures given in U.S. funds. 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Ticket Agent. at 28% while Noranda and Con- solidated Denison Uranium gave up % were $241,706692 in 1959 and $231,818,154 in 1958. Railway ex-| In golds Mcintyre added % at 90% among seniors. Tonight -- At Regular Prices ; THE MIGHTY SAGA OF THE WORLD'S MIGHTIEST Man ; -- NOW THE UNCHAINED AVENGER EMERGES FROM THE RAGING RIOTS AND REVELS OF 10,000 YEARS AGO! om CINEMASCOPE on if" CANALE, OSHAWA'S LARGEST SCREEN. ar PLUS MORE THRILLS IN COLOR! PHIL CAREY in "RETURN TO WARBOW" 7] BOX-OFFICE OPEN AT 8:00 -- SHOW STARTS AT 9:00 % ---- 0 es TTT -- ERR RRR NATIONAL PACIFIC at about our current raters in North America, in Nova|fringement of a departmental orl y res troughout a in 1986. penditures for the half increased! | western oils Home B took | Ito $224,700,212 from $215,802,007. Ithe hig loss, down 3% at 14%. CHILDREN under 12 FREE! ALWAYS A (OLOR CARTOON i ,