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14 THE OSHAWA TIMES, Tuesdoy, Decomber §, 1939 TODAY'S TORONTO, MONTREAL STOCKS, TORONTO By The Canadian Press Toronto Stock Exchange--Dee, 1 in cents unless marked §, 34 = Exdividend, xr--Ex- (Quotations in Odd wights, aria INDUSTRIALS it ies 1 BREE 25¥sepsusguiegaguypuayunits 4 TR ha EH TET TINE I PE Segaguymnesan 4 iA : | § pray i 3 cag RsSgIE ERR NaN BgesEet = Ss & 3 { sgoe 2 any: Bw ¢ - Rei Wild 8 iw SEEEaREs- . 8 Cdn Pet pr Cuat-Gai EEE 4 " 3-gryey- 3y-guyey. 3 » - Net Sales High Low 11 a.m, Ch'ge 0% 19% --~ Stock Sales High Lew Il an Ue Mass ¥ $19 841 + + ! - TEE EE BEHLRu BEE RENRESE +11 - § ° 3 + ® 2888s ++I - HH - +] +++ + EF FEE FF EEE + & Abacus Algom Amal Rare Anglo Hur Ang Rouyn 835 $11% Bs Py -% 50 $103% 108' 1671 200 mo $15 Sah 144 14% + WK $11% 11% 11% + % $21% 1% U% 12 Bk 1» » 4 4 +% 15 1B ant STEEN FHS FHT seoefendsfoSusyricerpanfiiualnsa, danatua. he a oC mono CO Ect EBay SE Rat A get RH Ho Hollinger Hud Bay Int Nickel Iris Jacobus Kerr Add H Ormsby sis cBEEEEER Ee - s = ® 2 w 3 Stock Sales High Low Osiska Pato Paymast Perron § $Essd san Fudan EoN EES Q B 1000 1000 Crow 110 Cost Of Services |Education Pushes Up Prices |Costs Stir OTTAWA (CP)--The oEzazsenifanel 3 «sheen ulises BraeBstonsdSemuln § 2 3 Bua £ £ 38 = 233 7 102 102 u% Mu fo 11 a.m.: 452,000. MONTREAL By The Canadian Press Stock D soxwgenisloSuspiourepeny lund one Banning. I | - = 288% cEzdasluusd «585 2? -sSansdserugselslofusgr er angiust nua Banal. +3 3 S288 = 2 5S Bank Banque PC Bell +% +1 +1 --8 1 (Quotations in cents unless marked §, »--0dd dl rights, sw--Ez-warrants.) Stock lol, x4 -- Ex Er--Ex- Evaporated fhole milk ai Process cheese 35 Butter 76.3 Chicken broilers (1953- AST oi) A-large eggs 815 170. | Wheat-flour 3 OTHER PRODUCTS '5|other products, INDUSTRIALS 11:30 Net Sales High Low AY Ch'ge 190 3h 39% -- 4 $0 10% 10% + % $30% $19% Mont $54 $38 Phone $421 42% 847% 465 46 $31% 344% 835% $15% $33% 1 $19% $31% 31% $21 2 50 849% 40% 404% -- $15% 15% 15% 0% 9% MU -- UW 45 & 23% BU BU $i 11 1 a 2% 3 825 55 HH 34 18% 35% WH -- U% po bg +3 $40 -% ©0 0 #0 --1 n" n 19% +8 "Hawaii" Michener's Novel Big, Powerful In Scope James Michener has returned; to the literary scene with one of his most + ambitious works to date, a gigantic 937-page novel called "HAWAII" (Random House). Michener's latest is no mere three - generations epic; it spans 52 generations. But the au- thor's fictionized biography of the 80th State starts long before the earth was populated. Some orni- thologists may question Michen- strains in four huge subnovels. First there were the Polynesians, then the Americans, the Chi- nese and the Japanese. A final section attempts to show how the disparate, nationalities took on a sense of Hawailan unity. FAREWELL The Polynesians fare pretty well in Michener's hands. They were fearless navigators and out- sailed the Phoenicians and Vik- ate and beautiful people lived and flourished in the islands ac- cording to their ancient traditions and beliefs, until, in the early 19th century, the American mis- sionaries arrived, bringing a new creed and a new way of life to a stone-age society. The impact of the of the ies had only begun to be absorbed when other national groups, with equally different customs -- not- ably the Chi the Milk Men May Take Price Cuts TORONTO (CP) -- Milk pro- ducers in some areas are will- ing te accept lower prices from of a continued m the sec- ond annual meeting of the United Dairy and Poultry Co-operative Limited heard Monday. Everett M. Biggs, Ontario i told of one processors to assure themselves| Warning Given By Liquor Board TORONTO (CP) -- Judge W. T. Robb, chairman of the On- tario Liquor Licence Board, said Monday he has heard of a case where a lawyer overcharged a client by $4,000 for handling a licence application. The applicant was charged $5,- 0" + 1 $1,000 would have been ample, he said. The board is responsible for licensing of all liquor outlets in the province. American Motors Seek Stock Split DETROIT (AP) -- American Motors directors Monday recom- mended a three - for - one stock split in the thriving automotive concern with an annual dividend rate on the New York exchange equal to $1 a share, The company reported record net earnings of $60,341,823 for the fiscal year ending Sept. 30, equal to $10.16 a share, Last year it earned $26,085,134, $4.65 a Share, n t y sa ®o 2.0 472 20.0 19.3 13.1 ns 41.6 18.3|of 20.3 16.6 19, Wheat-Bread Potatoes Canned tomatoes Canned peas Frozeén peas (1952-57) Canned corn 19.8 Fresh apples Be 35.4 Canned strawberries 32.9 Frozen strawberries assem pri stages of a OE pi Br Be in duction and prices. On the widening gap in the the report has these comments: Pork--The main factor in the 4| widening spread "seems to have|f .1{been the increased amount of Taet and parti- cularly for the smoked or cooked pork products." Fluid milk--increased process- ing and delivery costs, particu- larly payrolls and containers, ap- peared to have been the main r for the widening spread, \day. «2 Concern TORONTO (CP)--The Practice of cutting Junitigal se services to the bone the costs of education oat continue no longer," Ontario Mayors' and Reeves' Association said Mon. tion an last year. Bovernmént Aj a board to hear ap- oo municipal councils on boards of education budg: not allow municipal councils to cut budgets forwarded by local |education boards; Assume a greater share of the municipal education costs and urge the federal government to|and "the p provide provinces more hag created unprecedented finan- unds; jal problems for the Increase the retirement age er" who pays for new fa- for teachers to 65 from the pres- ig 62 so that an increased deficit in the teachers' superannuation fund may be reduced; Study the salarv ranges of teachers with a view to making them compatible with the cost. of living for various areas; system. The association said school , rolment has doubled since henomena! by Mayor Phil pw of oro, association pres ent Cheese -- the wid soread was due mainly to the addition of more processing services, such as cutting into smaller sizes or slices, and to more packaging and advertising, Butter -- the spread narrowed. Federal price supports absorbed some butter marketing costs. Broilers -- retail and farm prices declined and the spread narrowed due to spectacular George the stock spit. 3 proposal will be pany's an- nual meeting in Detroit Feb. 3. This was only the second year American Motors reported a profit since Hudson and Nash merged to form the corporation in May, 1954, Downwards Trend Of Trading market dipped downwards amid| woderately heavy trading Mon-| ay. Volume was 2,197,000 shares, the heaviest since Nov. 25 when day's close was 2,139,000 shares. industrial winner, points at 47, gaining 1% points at 26%. strangely quiet. Senior uraniums were lower. Algom was the winner gaining % at 10%. Western oils began some active trading late in the day and after being down all day. Most TORONTO (CP) -- The stock| op ckaging, rising ' transportation 2,381,000 shares were traded. Fri- General dynamics was the big while International Paper went up 1% at 127. Bath. urst Pulp and Paper lost two Mines, with the exception of a few lower - priced issues, were technological ard commercial velopments and industry expan- sion, Eggs--the spread widened sub- stantially dre mainly to increas- ing costs of grading and whole- FURAN RARIAD Looking for a clean way oul? Give a book of . . . CAR WASH TICKETS AUTO MAGIC WASH LTD. BOND ST. W. RA 5.0322 HJ "RARAARARW i te SA saling, Wheat--prices to producers de- wheat. clined but flour and bread prices|™™ increased. The spread on wheat into-flour widened substantially but not nearly as fast as the snread on wheat-into-bread. Part of the rise in milling costs came in the increased amount of con- sumer-size packaging. The gap on bread increased by 60 per cent mainly due to higher labor, pack NOTE: THEATRE RENTED TOMORROW _OUR PROGRAM THURSDAY & FRIDAY aging, promotional and delivery expenses. Potatoes--higher labor costs of |costs and constant per cent markups at wholesale and retail on a rising farm price helped widen the spread. Canned tomatoes -- increased ONLY: "THE PERFECT FURLOUGH" "RAW WIND IN EDEN" Er processing costs were the main factor in the greater spread. Canned peas--increased whole: saling and retailing charges ex- tended the spread. Frozen vegetables and fruit-- Supply has been increasing rap- idly. Increased freezer space in retail outlets and keen competi- tion from other frozen foods only exerted a downward pressure on prices. Apples--longer and more ex- pensive storage, higher packing- house costs due to higher wages IN PERSON -- THE KING OF COUNTRY MUSIC ¢ ROY ACUFT AND HIS SMOKEY MOUNTAIN BOYS STARS OF MOVIES -- TV -- RADIO -- RECORDS © The WILBURN BROTHERS June Wekh o Pap And His Jug Band -- ep ne in -- i, LR "Bashful Brother" Oswald er's statements on natural his-|jngg and the Filipinos -- began to dairy "Nobody has any influence changes were small, 'and a multiplicity of containers, tory, but, once again he displays fine talent a Hat The volcanic pr by the|migrate in great numbers to the as a I ist. His characters move fast and there is a liberal sprinkling of rapes, murders, tidal waves, hu-| man sacrifices, Chinese food, whale - thrashings, leprosy, vol- canic eruptions and pineapple blights. Author Michener describes the eoming of the island's four main islands, Michener uses a vast and wide canvass to tell this epic story, which already has been heralded with much fanfare and shouting in the literary world. It is a Hawalian Islands from the ocean floor were inconceivably slow, and they remained, undiscovered and untouched by man, for count-| less centuries more until the Polynesians, little more than a thousand years ago, made the perilous and incredible journey to their new home. These passion- BUSINESS SPOTLIGHT Seaway Question Mark MONTREAL (CP) -- The St. Lawrence Seaway, fast approach- ing its winter shut-down, is a big question mark in the minds of some ians. They have a rough idea what it is, where it is and why it was built. With the annual battle un- What Is way? It is the 318-mile key part of a 2,400-mile navigation system from the Atlantic Ocean to the Lake. Fy a 27-foot-deep waterway be- tween Montreal and Lake Ontario plus Canada's 30-year-old Welland Canal between Lake Ontario and Lake Erie. Where Is i? The new part of this ocean route lies in a 185-mile stretch of the St. Lawrence River, start. ing at Montreal and extending al- most to Kingston, Ont. There are four cangls and seven big locks, two of them in the United States across frqm Cornwall, Ont. which lift or lower vessels about 225 feet to or from Lake Ontario. Why was it built? The much - discussed seaway was built to replace a series of narrow, shallow canals on the Canadian side of the river. It cost more than $475,000,000 and it took some 15,000 workers and hundreds of machines five years to dig, dredge, blast and burrow the channel. The gid canals, some more than 50 years old, could handle 3.000-ton ships, comoared with the seaway's capacity of 25,000 tons of bulk cargo in a modern lake carrier. Ocean shi can carry about 10,000 tons at most. What has the Seaway meant for Canada? Most people expect the seaway to spark long-term industrial and economic growth as it opens new transportation routes to and from inner Canada. Lake ports are open to the world now. New busi. ness is expected to grow alone the seaway route as a result of the cheaper water transportation Remains system. The seaway has also pro- vided a direct all-water route for North American grain destined for export. How is the seaway cost being pald? By law, the Canadian and United States seaway authorities are required to charge tolls on ships and cargoes using the sea- money to operate the waterway and pay off the cost plus inter- est over 50 years. On this basis, tad esti th annual cargo traffic over the half- century span and tried to set tolls high enough to cover the costs and yet low enough to encourage traffic. What are the tolls? way. hey have to collect enough/man most unusual story by a born story-teller who is skilled at his craft. It should be one of the top, sellers for many months to come. "HAWAII" is an unique literary achievement. STORY OF POLAND A close look at modern Poland is contained in a new book, "THE FROZEN REVOLUTION" (Am- bassador Books Ltd.) by Frank Gibney. The dust jacket calls this "a study in communist decay" and author Gibney brings to his new book the same historical sense and knowledge of present-day realities which made his 'Five Gentlemen of Japan" such success. He gives a fine account of Bomulka's return to power in the fall of 1956. He has written illuminating chapters on the diffi- culties the party is up against in Poland in 1959, the extraordinary role of Polish Catholicism, the human progress of the once Ger- Western Territories and the Oder-Neisse line, and the brave, half-blind struggle of the Polish intellectuals. He presents a sur- vey of Poland's centuries - long history, and an account of her horrifying experiences in the most recent war. Author Gibney concludes with "The Plan and "The Jungle," an eye-opening dis- cussion of the political - economic contradictions inherent in Com- There is a composite toll for transit of both the new seaway and the Welland Canal. sists of a six-cent charge for each| gross registered ton of the shin, plus 42-cents-a-ton on bulk cargo and 95-cents-a-ton on general cargo. Partial tolls are charged| for transit. When will the seaway reach iis |capacity? Ontario, stretch and 60.000,000 tons in the Welland Canal. It con- CH revolution" have munist practice. He says the Poles, in carrying out their one far behind the Hungarians eir destructive effect on the Imper- ial communist system, Oley writes with the unerring eye and | sensitivity of a Jop-fignt reporter {and his word picture of modern Poland is an invaluable asset for 000. political students of today. It is By 1968, seaway economists ex-|one of the best books on the sub- pect the waterway to hand'e 50.-ject to 'come along in 000,000 tons in the Montreal-Lake moons deserves popu- larity by students of of international affairs. 2 Ontario's farm products market small market area where 24 pro- ducers had accepted price cuts of 10 cents a hundredweight. Because they have nowhere to turn for an outlet, producers have said they would be willing to accept cuts of as much as 50 cents a hundredweight, Mr. Biggs said. He said producer groups are studying the milk marketing problem and seem to favor the British system of a milk mar- keting board made up of pro- ducers. It will be some time, however, before any changes are made, PATRONAGE DIVIDEND T. E. Brady, assistant general manager of the UDPC, formed a little more than a year ago, said the board of directors has de- clared a cash patronage dividend of about $118,000 from this year's earnings. George McCague, chairman of ing board, said marketing could be more efficient if all UDPC operations, local and provincial, could be under one program. R: 8. McKerche: of Dublin, Ont., was elected president. First vice-president is Joe Crut of! Durham and Bruce McCutcheon of Dundalk is second vice-presi- dent. Other executive members: Wilf Bishop, Norwich; Alfred Monk, Elmwood; Harold Forrester, Mallorytown; Richard Hannam, Guelph; and Harrold Shantz, New Dundee. with the board to get a licence," Judge Robb said. 'People that Index changes: Industrials| down .91 at 515.94; golds down away." are paying these high fees are($33 at 85.29; base metals up 09 just throwing their money, at 165.70; western oils up .02 at 100.08. higher freight costs and more advertising and promotion were at work in widening the price spread faster than for any other commodity studied. Mining Promoter Draws Conviction TORONTO (CP)--Albert Gould, 43-year-old mining promoter, was convicted Monday night of de- frauding the treasury of Cabanga Developments Limited of $456, An Ontario Supreme Court jury brought in the verdict after a trial which lasted five weeks. Gould was remanded for sen- NOW PLAYING all! BIG HITS ! | . a wise old merchant in ancient Baghdad ~--once said: "A part of everything you earn is yours to keep!" He insisted that his sons and grandsons save one shekel out of each ten they received in wages or trade. He knew through experience that a man who permanently puts away ten percent of all he earns, never needs to throw himself upon charity «+» and can spend the remaining 909%, as he pleases. Today many men *'compel'" themselves to salt away about 109%, of all they earn for their old age, the emergencies of life and the replacement of family income if death strikes unexpectedly, by investing in long-term permanent personal * policies of life insurance, # EXCELSIOR LIFE Swen Consany 70 years of service to Canadians J. A. NICHOLSON, Branch Manager Oshawa Shopping Centre, Oshawa, Ont. Phone: RA 5-4758 SHOW & DANCE---8 P.M. RED BARN--Wed., Bec. 2 ADVANCE TICKETS AT WILSON & LEE LTD. Jobo Dillinger] Pilly Boy Floyd! Mocking Gun Kelly! Ma. Bonar] Baby Face Nelson! OME BY ONE THEY FALL BEFORE THE JAMES STEWART ing 8 Lucy Hardesty, the pri behind the mel) ss 0 "em me WARNER BROS. FEATURE AT Gatto 1:30 - 4:08 TWEET" 6:50 - 9:30 1.4 CARTOON zy THEEY made this year's big picture It tells of the good in the worst of women. It tells of the bad in the best of men. J VOR {UNTER A bi THEY CAME' TO CORDURA RGHARD CONTE + ICHAEL eALLAN mum Dick YORY Ea PLAIA LAST DAY: "THE SEVEN YEAR ITCH" "NIAGARA" STARTS TOMORROW