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BIRTHS MeCONNELL ~ Jim and Helen Mc- Connell (nee Hamilton of Winnipeg) wish to apnounce the arrival of their daughter, Mary Jane, on Tuesday, July 26, 1960, at Grey Nun Hospital, Regina, Saskatchewan. OKE ~ John and Rundle) are happy to announce the birth of their daughter, Cindy Lee, on Tuesday, July 26, 1960, at the Oshawa General Hospital. A sister for Randy, Sherry and Judy. Thanks to Dr. Ander- son. DEATHS MARKS, Harry Elgin -- In Oshawa Hospital on Wednesday, July 27, 1960, Harry Elgin Marks, husband of Blanche Blair, and brother of Albert and Frank of Oshawa, and James of Detroit, in his 57th year. The late Mr. Marks is resting at Mcintosh.Ander- son Funeral Home. Service in the Chapel on Saturday, July 30, at 2:00 p.m. Interment Union Cemetery. MeOGILL, Roland M, B. -- Suddenly at the Ross Memorial Hospital, Lind- say, on Wednesday, July 27, 1960, Ro- land M. B. McGill, in his 81st year. Beloved husband of the late Elva Marie Stacey, and dear father of Mur: jel (Mrs. Earl Kennedy) of Lindsay: Gerald of Yelverton; Carlyle of Port Perry; Dawn (Mrs. Douglas MacDon- ald) and Velma, both of Toronto. Rest: ing at the Mackey Funeral Home, Lindsay, for service on Saturday, July 30 at 2 Cemetery, Lindsay. MORRISON, David George In Fairview Lodge, Whitby, on Thursday, July 28, 1060, David George Morrison, beloved husband of Dorothy Watson and dear father of Mrs, Lawrence Kel: lett (Jean), Solina, and brother of Mrs. Alex Colville (Christina) Beaverton; Angus of California, in his 78th year. Resting at the Meclntosh-Anderson Fu- neral Home, 152 King Street East, Ser- vice in the Chapel on Saturday, July 30, at 3.15 p.m. Interment Stone Church Cemetery, Beaverton. PHILP, Norman 0, -- At the Oshawa General Hospital on Thursday, July 28, 1960, Norman O. Philp, of 228 Brock Street North, Whitby, beloved hus- band of Ethel Wright, dear uncle of Olive McLean. Resting at the W. C Town Funeral Chapel, Whitby, for service in the Chapel on Saturday, July 30 at 2.30 p.m. Interment Cedar- vale Cemetery, Cannington. Minister the Reverend A. M. Butler. GERROW FUNERAL CHAPEL Kindness beyond price yet within reach of all. RA 8.6226 390 KING STREET WEST LOCKE'S FLORIST Funeral arrangements and floral requirements for all occasions OSHAWA SHOPPING CENTRE 24 HOUR PHONE SERVICE RA 8-655 OSHAWA MONUMENT COMPANY SPECIALIZING IN Monuments, Markers Memorials, Cornerstones, Statutory of all types. 1435 KING ST. E. Ph. RA 8-3111 or RA 8-8876 FRISE In loving memory dear wife and mother, Elizabeth Caro- line, who passed away July 29, 1952. --Lovingly remembered by husband and daughters, FRISE -- In memory of Mrs. George Frise, who passed away July 29, 1952. Deep in our hearts lies a picture, Of a loved one laid to rest, Ih memory's frame we will keep it Because she was one of the best ~--Sadly missed but ever remembered by her sister and brother-in-law, Mr, and Mrs. Will Hockin and family, Brooklin, Ontario. PLAXTON -- In loving memory of a dear mother and grandmother, Nora Plaxton, who passed away July 29, 1939. In our hearts your memory lingers, Always tender, fond and true, There's not a day, dear mother, We do not think of you. ~Ever remembered by Audrey, Harry, Brian, Jerry and Sheila. CARD OF THANKS BURTON -- We wish to extend our heartfelt thanks and appreciation to our relatives, friends, and neighbors, for their beautitn floral tributes, acts of an shown to us in the loss of a beloved mother. Our very special thanks to the staff nurses and anyone at the Anden labor relations. Its sales of syn-isearch has been called off and|ties Nursing Home who were so kind to her. Also to Rev. Dickson for his consoling words and to Gerrow Funeral Home for their kind and efficient manage- ment of the service. --Deo and Harold Burtop and families. VINSON -- Mere words are inade- quate to express thanks to our many friends, neighbors and all those that helped in our time of disaster. Special thanks to Salvation Army, Oshawa Fire Department and Simcoe Street United Church, Thank you all and God bless you. ~--Mr, and Mrs. Al Vinson and Family. Florence (nee | p.m. Interment at Riverside | of al TORONTO 11 AM. STOCKS By The Canadisn Press Toronto Stock Exchange--July 20 (Quotations in cents cnless marked 2-0dd lot, xd -- rights, xw--Ex-warrants.) INDUSTRIALS Nel Stock Abitibi Acad-Atl A Alta Dist vt Ata Gas Alta Gas pr Alta Gas w Algoma Alumini Alum 1 pr Atlas Steel Bank Mont Bank NS Bank NS rts Bath Pow B Beav Lmbr Bell Phone 1010 $38% 38% 250 $19% 100. 175 360 $18 105 $103% 12 420 420 $30 $28%4 $20% 500 § 210 225 Ee Cal Pow 550 Cal Pow 8 pr 55 Can Cem 239 C Bank Com 460 Fairbks A 225 C Fairbks B 200 CF Prod pr 30 CIL 200 $13% C Ind Gas 100 405 CPR 300 $23% 10 $175 Cdn Tire Ex-dividend, xr--Ex- Sales High Low 11 a.m, Ch'ge ~10 Stock Col Ce 100 405 405 Comb Ent xd 230 = $8% Con Gas 520 $40% Con Gas B 50 $105 Copp Clark 100 $5% Corby vt 90 $17 Corby B 100 $16 t Crain RL 25 $17% Creative Tel 100 $10% Crush pr 10 $104 Dist Seag 20 $28% D Coal pr 200 260 D Fndry 327 340% Dom Tar 12% Dom Text 30 $8% Fam Play $2014 GMC GS Wares Gr Wp G Imp Oil Imp Tob Inland Gas Overland Premium QN Gas Reichold Roe AV Can Royal Bank St Maurice Shawin Simpsons Southam Steel Can Sales High Low 11 a.m. Ch'ge 8% Net Stock Steinbg A Stuart Oil 8 Prop wis 30 Suptest ord 15 Taylor PC pr 100 Texaco Can 219 Tor-Dom Bk z10 T Fin A 50 Tr Can PL 635 Trans-Mt 1200 Union Ace 250 Un Gas 750 U Fuel A Venez Pow Walk GW Westeel 100 West C Brew 50 W Cop wis 100 West Groc A 25 Weston B 100 Weston 4% p 25 Curb Ang Cdn 213 Anglo-Nfld 150 Asbestos 139 C Paper 50 D Glass 100 Dupont Sales 405 +20 $1 40% -- % + W ---W Ya + % 225 pr OI Acme Gas 500 Alminex Bailey § A Balley 8. pr Bau 1 Fr Pete pr $18% 210 $20 id Stock Plains oil G Point Gr HB Long Place Provo _Gas 9% 19% 19% Un W Cn OG wit Advocate Anacon 25 $60 450 $3 Buff Ank Bunker Hill 1000 Chib 800 Camp Camp Chib w Cc Tungsten C N Inra Cdn NW an-Erin Cayzor Cent Pat Coch will Coniaurum C Callinan C Disevry C Marben Con M and C Mosher S 5% pr 28 Ed 50 $14 Geco Mines Giant YK Gunnar Gunnar wis Hasaga Net Sales High Low 11 a.m. Ch'ge Submarine 1000 Oils ll 8 1000 Today's Stock Market Listings on Toronto Exchange Heath +1 -1 +2 +3 100 167 400 100 100 1 500 30% 30% MINES 350 350 37 An 735 730 40 140 33% 200 174 6 Kerr 700 500 300 245 1000 2 50 1000 2000 500 800 100 1500 500 700 000 148 26 870 870 100 705 705 3 100 3 3 3 13 13 Stock H of Lakes Hul Bay Int Moly Int Nickel Iron Bay Jacobus Jellicoe Sales High Low 11 s.m. Ch'ge - 1000 3% 5h h+ hh 6 1] 6 $M4%h U% Wh + Wh 7 7 7 $51% 51% 185 185 18 114 14 9! 9% » 500 303 800 100 500 200 Adl 50 700 400 500 34 34 185 $37% 37% 2000 20 20 100 280 280 605 1260 200 4 85 6100 14250 405 BUSINESS SPOTLIGHT Drop In Paper Value Of | By FORBES RHUDE Canadian Press Busi Dollar figures are not always what they seem. | For instance, mate says the "quoted'" value of are stocks listed on the New York Stock Exchange has dropped this year by $21,300,000,000 to $286, and, instead of "quoted value," we could say "theoretical value,' or 'paper value." hasn't diminished by as much as one brick the physical makeup of the thousands of plants whose shares are represented; nor has| it reduced by one nut or bolt | their ability to turn out goods. | "And, if the price of all issued|2 shares were to double tomorrow, it wouldn't add a brick, or nut {or bolt, and wouldn't put even +| drop It Stock say, $10 willing to sell their shares below $10, If you own 100,000 of the $10 depressing influence on the into the tills of the companies USEFUL YARDSTICK concerned. | EFFECT ON FINANCING The price of a company's shares on the stock exchange doesn't matter to the company itself, except for an important, jus whatever value it has as cu ov Quoted values, however, are eful as a yardstick and are A rising market can _""lalso be a reflection of adverse rrents, such as inflation or er-optimism, On the other hand, a falling Canada Polymer Position 'Reviewed | OTTAWA (CP)--A review of the position of the publicly-owned Polymer Corporation, Sarnia, will| |be submitted to the government soon, Defence Production Minis- ter O'Hurley said Thursday in the Commons. market is commonly thought of as reflecting adverse currents. It may be reflecting constructive currents. Searchers Find Capsized Boat TRENTON (CP)--The said Thursday a small boat miss- ing on Lake Ontario since Tues- day with three' United States fishermen aboard has been found RCAF Market Higher Fewer U.S. Arms Contracts Seen Bcross Board | TORONTO (CP) -- The stock | market closed higher in all sec- | tions Thursday. On index, industrials were up 10 at 472.73, with golds up .27 |at 76.38, base metals up 1.02 at (prestige or institutional adver- Editor | tising. 150.58 and western oils up .90 at If a stock trades at, a share, that ordinarily means a current esti- that a limited number of people pesday. |78.68 { Volume was 1,498,000 compared with 1,421,000 shares traded Wed- Utilities led industrials with In- around $10, and probably ternational Utilities up % at 33%. this year, means that most holders of the ghawinigan was off % at 24%, and subcontracts, is $35,000,000. shares are not willing to part however with them at that price. If many| . pe h is "quoted," holders were willing to sell at| oti d mixed. Among papers, The key word here is quo that level the price would quickly| A nveiaced. was Simons Pape : Papers and steels both were 39. Eddy Paper lost 1% at 56%. also means that a limited| "Banks were mixed: Bank of better," Mr. O'Hurley said dur- | The huge '"quoted-value" loss/ number of people are willing to zontreal up a point at 52%,|ing a debate which ended in buy the shares at that price. Royal Bank off % at 66%. Chrysler was off three points shares it doesn't necessarily 54 49 U.S. Ford and Imperial mean you can get $1,000,000 foriyife poth off 1% at 50% and 80; |them. The moment you start to|goutham up 2% at 21, National | offer your shares for sale you put pret yp 1% at . 52. International Nickel gained % price. If you offer enough of | at 51%, while Hudson Bay gained them you will run out of people sy, at 44%, ¢1/who wish to buy at $10. | Denison and Gunnar were both |off five cents at $9.50 and $7.05. Calgary and Edmonton gained 5 at 14% and Pacific Petroleum reflections of various currents in/had a 15-cent gain at $8.65. the economy, as- well as in the TT specific industries concerned. A rising market is commonly thought of as reflecting favorable | MEMOR. A tec on future financing, and| ot Bank Interest Rate Declines OTTAWA (CP)--The Bank of interest rate declined sharply Thursday to 3.17 per cent from 3.44 last week with the sale of $95,000,000 in 91-day govern- ment treasury bills. The bank rate, an indicator of conditions in the short - term money market, has fallen almost one-third of a point in two weeks from 3.49 per cent reached July 14 after a five-week climb. Flooding In Chile Finally Controlled | | OTTAWA (CP) -- Defence Pro- ducting Minister O'Hurley indi-| Ki Thursday the United States will place fewer defence con- |tracts in Canada this year than last. He said in the Commons that value of contracts placed to date including both prime | The total for all of 1950 was $06,- Canada - U.S, defence produc- |tion - sharing could be "much | Commons approval of his depart- | ment's estimated expenditures of $23,000,000. He admitted frankly that he is not optimistic about the short. term prospects of Canadian com- panies getting more American defence contracts. He said requirements for weap- |ons are changing rapidly. Cana- {dian firms would have to get in on the ground floor--the develop- ment stage--to be able to bid for and obtain U.S. contracts, especi- ally in the electronics and mis- sile fields. TELLS OF GOAL Mr. O'Hurley said his goal had| been that the U.S. would buy as | much defence equipment in Can-| |ada as this country purchases] from the U.S. This goal would | MARKET PRICES | | TORONTO (CP) -- Churning {cream and butter print prices |were reported unchanged here| | today. | | TORONTO (CP) -- Wholesale| fruit and vegetable prices were reported unchanged here today |from Tuesday. TORONTO (CP)--Potato price | changes quoted here today were: | George Mcliraith (L--Ottawa|overturned near Port Bay, N.Y.| SANTIAGO, Chile (Reuters)--| Ontario new, off truck, 75 pound| | West) said that if the government | sells the corporation to private The RCAF rescue unit here, which had sent a Dakota out to Floods threatening the earth- | quake-battered town of Valdivia |bag, $1.90. To the trade: Ontario new, 75 interests it should make sure its|join the search, said sheriff's|were brought under control pound bag, range, 2:2.50. earnings were not drained off t0/ men located the 14-foot aluminum |Thursday night, | another country. { Mr. O'Hurley said it is his duty| to review the position of Polymer periodically. He said the corpor- lation has been very successful |and has good management and| | {to be goed. | Mr. O'Hurley added that |holds no view about sale of the] | corporation. Seaway Blamed Halifax Slump | Please Note Deadlines now this column: Births, Memoriams, Thanks -- 9 AM. SAME DAY/ DEATHS -- 11 AM. SAME DAY DIAL RA 3.3492 in effect for Cards of | HALIFAX (CP)--Jack Camp- | bell, president of the Longshore- | Iman's Association here, said] Thursday the port. of Halifax is| threatened with becoming aj | "backwater" to the St. Lawrence | Seaway. | | Mr. Campbell, boss of the | port's 3,000 waterfront workers, | said in an interview that only 100] men were working on ships Thursday as the port was gripped | in its annual summer lull. He said freight-handlers are concerned as well, | Profit Shares In Settlement DETROIT (AP) Chrysler Corporation disclcsed Thursday that its $450,000 settlement with former president William New- | | berg represented Newberg's : share of profits of two firms which formerly sold automotive parts to Chrysler. Chrysler said Newberg got 50 per cent of the profits of Press Products, Incorporated, and Bo- nan Company. Press Products was organized in 1952 and ceased manufacturing in 1955. Bonan was organized in 1955 and ceased manufacturing in 1958. It has been renamed the "Sango Corpor- ation. Chrysler said it first learned of Newberg's interests in these com- panies last month. Newberg, elected president in April, was asked to resign June 30. FILMS BANNED AMMAN, Jordan (AP) -- Jor-| dan Thursday announced it has banned the films of Danny Kaye and Jeff Chandler. The govern. worked for HFC in Toronto ana'd ment said the reason was the "pro - zionist activities" of the two. | . JOHN D, CARNIE Household Finance 'Corporation of | Canada is pleased to announce the appointment of Mr. John D. Carnie| as manager of their branch office] in Oshawa, located ot the Oshawa Shopping Centre. Mr. Carnie has Oshawa and latterly was Assistant Manager at one of their branch, offices In Toronto, Ont. | boat 1% miles offshore. There was no trace of the men, Ronald Jones, Robert Adams and Charles Befiore, all of Rochester. An RCAF spokesman said the Autherfords FURNITURE Five persons died in the flood. Control channels dug, from {Lake Rinihue. released water dammed by landslides that fol. lowed the earthquakes in May. On Monday, military authori- proclaimed a 'state of lhigher ground. The egg market was reported | steady with receipts adequate for a light demand. Country dealers are quoted by the federal department of agri- culture on Canada grade eggs, delivered Toronto, in fibre cases: thetic rubber this year promised|the three men .are presumed|alarm" as 25.000 persons fled to|A large 44; A medium 40; A small 28; B 25; C 20. not be achieved this year because of expensive purchases in the U.S. in connection with the CF- 104 jet plane program. The minister confirmed that Canada and the U.S. are consid- ering a plane "swap"'--U.8, pur- chase of the Canadair CL-#4 transport plane in exchange for Canadian purchase of the F-101B jet interceptor for Canadian air| $6.65 defence, Opposition Leader Pearson said it would be unfortunate if the principle of "swapping" pur- chases were adopted. This might mean that Canada would buy something it didn't need in order to make a sale to the U.S. Mr. O'Hurley said an Ameri- can aircraft manufacturer -- he did not identify the firm -- is NET EARNINGS By THE CANADIAN PRESS Bailey Selburn Oil and Gas, Ltd., 5 mos. ended May 31: 1960, $258,018; 1959, $212,034. British American Oil Co. Ltd., 6 mos. ended June 30: 1960, $13, 730,000, 67 cents a share; 1969, $8,396,000, 41 cents. Canadian Industries, Ltd., 6 mos. ended June 30: 1960, $4- 492,000, 51 cents; 1950, $8,587,000, 40 cents. Chrysler Corporation, 6 mos. | ended June 30:' 1960, $23,700,000, $2.69 a share; 1959, $58,000,000, Dome Mines, Ltd, 6 mos. cents a share; 1959, $820,143, 45 cents. General Motors Corporation, 6 mos. ended June 30: 1960, $611, 594,358, $2.15 a share; 1959, $500, 285,641, $2.08. 8. K. D. Manufacturing Co., Lid., 3 mos. ended June 30: 1960 $27,604, 1959, $47,740. Trans-Mountain Oil Pipe Line seriously dering leti , 6 mos, ended June 30: of devel t and of the Iroquois jet engine. This 1960, $2,305,000; 1959, $397,000, engine was the |i ded power plant of the cancelled Arrow jet interceptor and has mothballs at Malton, Ont., since February, 1959. A British company had also shown interest in the engine and had asked for the use of one. Thirteen completed prototypes plete seven more were in storage,Ysuper radar stations in Green- and enough components to age fer 7a and the building of together with all essential tooling. |land. been in STATIONS CLOSED REYKJAVIK, Iceland (Reut- ers)--The United States defence force in Iceland announced today it had closed down-two of its four radar stations in the country. The a result of improvement in radar ended June 30: 1960, $866,674, 45 decision was understood taken as THE OSHAWA TIMES, Friday, July 29, 1960 15 ANKARA, Turkey (AP)--The Turkish defence ministry an- nounced Thursday night that Turkish and Soviet troops clashed in a brief frontier fight last Sunday night. No Iti Frontier Battle Result Of Error "This lasted for awhile. Then officers on both sides quelled the affair and started an investiga- tion. It was concluded that the [naident was the result of a miss e." ; . were reported. A spokesman said the incident ~which he blamed on a mistake --occurred near Goman, a Turk- ish frontier outpost about 10 miles north of Borcka. The out- post lies due east of the Black Sea coast. a The spokesman said the trouble started when a Turkish soldier on guard duty thought he saw something moving in the dark in the direction of the Soviet bor-| er. , shouts to halt were ignored," the spokesman said. "His comrades joined in. The Russian border What Is a Nervous: Breakdown? "He started shooting after his preal patrol returned the fire. FOR SUPE Reg. 25¢ SALE PRICE Men's SALE PRICE Children's Cotton T SHIRTS Short sleeves and crew neck, sizes 2 to 4. T SHIRTS Short sleeyes and crew neck, sizes S-M-L. R VALUES 19: Cotton 43 2 Stores To Se DOWNTOWN OSHAWA SHOPPING. CENTRE rve You Better : OSHAWA wy "Little b'ar" KINGSBEER BREWERY LIMITED A PLANNER HOME SELECTION kid Crafted for Admiration Rutherford's Offers This Beautiful . . . 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