Ontario Community Newspapers

The Oshawa Times, 29 Apr 1961, p. 17

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\ THE OSHAWA TIMES, Soturday, April 29, 1961 17 Gold 'Discipline' a i! LIBBY -- Water and Male (nee Lang) announce arr: their son, Gordon Martin, on Thursday, April 27, 1981 in the Oshawa General a tal. A little brother for Leeanna, Jo- anne and Wally. SON, Daughter, Twins or Triplets you will want to tell the whole town about the latest arrival in your Some; it d un , are a.m, for publication the same day for only $1.50. Just telephone RA 3-3402. DEATHS JUBENVILLE, Genevieve, Margaret sell Jubenville and mother of Janice, Gordon, Paul, Jeffery and Jason and sister of Mrs. B, Ward (Violet) Newmarket; Mrs, A. E. Stokes (Lela) of St, Thomas; Mrs. R, Armstrong (Mildred), Ruth, Gwen and Raymond of Oshawa and Curtiss of Montreal, in her 45th year. Resting at the Arm. strong Funeral Home, Oshawa, with sol- emn High Mass in St. Mary's of the People Church, Tuesday, May 2, at 10 a.m, Interment St. Gregory's Ceme- tery. (Friends are asked not to call at the funeral home before Sunday). MacGREGOR, James William .|age the United States govern- Osh- ment from adopting 'grossly ;|trade. Total monetary stocks Infant son of Betty and James Mac- Gregor, Courtice, Ontario, at the Osh- awa General Hospital, April 28, 1961. | GIDEON Bibles are a continuing me. | morial. For placement contact funeral director or phone RA 5-2327. BRONZE memorials by Matthews. Eternal memorialization, courteously | arranged. Please call RA 3-2633, Mount Lawn C Limited. GERROW FUNERAL CHAPEL Kindness beyond price yet within reach of all RA 8-62..6 of gold from the United States = Inflation TORONTO (CP) -- The gold shortage is helping to discour- inflationary measures" 'vo A- courage business, John R. Bradfield, president of Noranda Mines Ltd., said Friday at the compe..y's ann:: 'ng. "Gold is fulfilling its ne-es- sary role as a discipline," Mr. Bradfield added. "The auto- matic regulator of gold will continue to be needed a a dis- cipl.. on politicians who too often use inflation as a tempo- rary expedient. "However, under thc , .esent price of $35 (U.S.)) an ounce, monetary gold stocks ur~ 1- creasing very slowly compared] with the growth of international must be adequate and "a 1 shortage ¢" gold impedes real growth, its price must be raised. "Many people believe tha: the U.S. price of gold could orly be raised by an act of Congress, which is a slow-moving body unable to work in the necessa y secrecy. However, I am told that in an emergency the presi- dent himself has power to raise Block by U.S. citizens abroad, which in 1960 totalled more than $2, 000,000,000. These tourist dol- lars are mainly spent during the summer and accumulate in the hands of foreign central banks in the autumn. Thus each autumn tends to be a time of special difficulty. "If long-run prosperity and growth are to be achieved, gold must continue to exercise. its role as a discipiline. Since 1955 we have twice witnessed infla- tionary booms which led to re- cessions and unemployment. Increasing costs have been a fundamental cause of these re- cessions. It is important to end the recession quickly, but no long-term benefits can be o tained by inflationary meas- Mr. Bradfield said sales of gold for safekeeping in Canada have declined since January due to the U.S. action in order- ing its citizens to dispose of their holdings by June 1. "However, elsewhere demand for gold continues unabated, demonstrating the confidence which citizens in other coun- tries have in gold as compared with their paper currencies." the price of gold by his own initiative, which would be effec- tive immediately." NET EARNINGS MAY START AGAIN Commenting on the outflow in recent years, and last fall's sudden free - market jump in price, Mr. Bradfield said: "In the last few weeks, emer- gency measures have stemmed the outflow, but this may be temporary. An important factor frequently overlooked is the By THE CANADIAN PRESS Dome Mines Ltd, 3 mos. ended March 31: 1061, $444,691, 23 cents a share; 1960, $431,268, 22 cents. Imperial Oil Ltd, 3 mos. ended Magch 31: 1961, $14,711, 000, 47 cents a share; 1960, $15,705,000, 50 cents. Viceroy Manufacturing Co. Ltd., year ended Dec. 31: 1960, timing of travel expenditures $63,339; 1050, $123,913. gus | Argus 250 pr 390 KING STREET WEST LOCKE'S FLORIST Funeral arrangements and floral requirements for all occasions, OSHAWA SHOPPING ENTRE 24 HOUR PHONE SERVICE RA 555 OSHAWA MONUMENT COMPANY SPECIALIZING IN Monuments, Markers, Memorials, Cornerstones, Statutory of all types, R.R. 4, KING ST. E. Ph. RA 8-3111 or RA 8-8876 IN MEMORIAM BROWN -- In loving memory of a very dear mother, Ethel] Laura Brown, who passed away April 29, 1950, In memory's treasured Unfaded, year by year, Te tee on 8 svry precious leaf, face, smile, so dear. --Forever loved and remembered by son Robert, daughter Amy, and son- in-law Jack. BROWN «= In loving memory of Bthel Brown who passed away April 2, 1950. Her memory is as dear today As in the hour she away. ~Sadly missed by Alan, Polly and BURDEN -- In loving memory of our dear father, Lyle Burden, who passed away April 30, 1960, His memory is as dear today As in the hour he passed away, =--Always remembered by daughters, Marguerite and Mildred. GRIFFIN -- In loving memory of a dear husband and father, Richard B, Griffin, who passed away April 29, 1957, Nothing can ever take away The love a heart holds dear, Fond memories linger every day Remembrance keeps him near. =Lovingly remembered by wife Irene and family, l KOLEBNIAK -- In loving memory of | # dear husband and father, Peter (Parfery) Kolebniak, who passed away | April 29, 1957, | The flowers we place upon your grave May wither and decay | But love for you who, sleeps beneath Will never fade away. | ~Always remembered by his wife Jean and sons John, George and Wil. m. OUTWIN -- In loving memory of a dear father, Edward Keeble Outwin, who passed away April 30, 1960. We often sit and think of him when we are all alone, | For memory is the only friend that| can call its own. | Like ivy on the withered oak, when | all other things decay, | Our love for him will still keep green and never fade away. | «Always remembered by son Ernest and daughter-in-law Gretchen. OUTWIN -- In loving memory of a! dear father, Edward Outwin, who pass. ed away April 30, 1960. | ine rolling stream of life rolls on, But still the vacant chair Recalls the love, the voice, the smile Of the one who once sat there. | 'ondly remembered by Bill and Alice. | | Employment SENIOR ARCHITECTS, petition 61-1004, tawa. supervising an architectural *DISTRICT ENGINEER, (with ®ASSOCIATE OR ASSISTANT PLIED MATHEMATICS (with Doctor's degree from a Kingston, Ont, *PRODUCTIVITY ECONOMIST formed), applied petition 61-2301. ence in legal work), practices of accounting and geperal or internal), Board for the generation of Tronsport, Ottawa. *SENIOR ENGINEER fice Department, 61-1207. Ottawa. of helicopters, preferably on Transport, Ottawa. related field of technology), Mines ond Technical Competition 61-567, OUTWIN in loving memory of a| dear husband and father, Edward Out- win, who passed away April 30, 1960. Nothing can ever take away The love a heart holds dear, fond memories Lnger every day, Reme: keeps him near. lovingly remémbered by his wife and son Douglas. | | OUTWIN -- In loving memory of a dear father and grandfather, Edward Outwin, who passed away April 3u, 1960. weary hours and days of pala, | His troubled nights are past, I And in our aching hearts we know | He has found sweet rest at last. | Always by his d. ! Bdith, Frank and grandchildren. \ CARD OF THANKS BROWN -- I wish to thank fam. fly, friends, Ladies' Auxillary of Branch 112 of Canadian Legion of Whitby, Bowl. Ing League of Canadian Legion Branch 4, Oshawa, Rev. Smith of the United | Church in Whitby, my two wonderful | doctors, Dr. Weisbaum and Dr. Gard. mer of Oshawa and the nurses of 3C and girls in blue, for fruit, cards, floral tributes, during my recent stay in the Oshawa General Hospital --Mrs. Violet Brown, 325 Brock Street North, Whitby. MOLLON ~ I would like to thank all relatives and friends for their cards, to the nurses and staff of 2A, | ly purse Mrs. Martin for her kindnesses and Rev. Ward and . Hall, ~Myrtle Mellon. COMPOSER'S MEMORIAL LONDON (CP) -- Leading act- attended the unveiling of a emorial to composer Ivor No- Ho, who died in 1951. The] morial is near Covent tad mn Opera House. perience, to carry. out compl of the Division of Positional OBSERVATORY TECHNICIAN nical Surveys, Royal Oak, B tion 61-2400, Technical Surveys, Ottawa. 61-2402. years of age), Departments External Affairs. Starting 61.575. culture), Ont. Unemployment sively responsible office and sion, Ottawe, for details end vice Commiss (Civil Service of Canada) *ASSISTANT CHIEF ARCHITECT, approximately $10,000-$12,500 (must be of high professional and administrative calibre with broad Canadian experience on Institutional, Commer- cial or Public Buildings), Publci Works, Ottawa. DEPUTY DIRECTOR OF PROGRAMMING (FRENCH), (with at least a number of years' related experience, ability to carry out programme research studies independently, and a very good knowledge of the French language ond a sufficient knowledge of English), Board of Broadcast Governors, Ot- $11,000-$12,500. Competition 61-745. *DISTRICT ARCHITECT (BILINGUAL) (to represent the De- partment in the Montreal District, and to be responsible for Architecture from. the planning and construction stages un- til final completion of all types of buildings), Public Works, Montreal, P.Q. $9,940-$11, English, to supervise and direct the construction and main- tenance of marine engineering works and dredging opera- tions in the Montreal District), Harbours and Rivers En gineering - Branch, Public Works, Montreal, P.Q. $9,940- $11,200. Competition 61-1258. RE OR AND THEORETICAL PHYSICS nized standing with specialization in Mathematics (Pure or Applied) or Theoretical Physics), Up to $9,800. Competition 61-2006. STATISTICIAN (university graduates with specialization in economics, statistics, commerce or a related field, and many years' experience in work related to that to be per- Dominion Bureau of Statistics, Ottawa. )- $9,800. Competition 61.2253. ®AIR TRANSPORT STATISTICIAN (university graduate, with many yegrs of experience in analytical statistical work or econometric research), Economic Policy and Re- search Branch, Transport, Ottawe. $8,120-$9,800. Com- BILINGUAL LEGAL OFFICER with membership or eligibility for membership in a Law Society of one of the provinces or Territories of Canada, and a number of years' experi- Veterans Affairs, Montreal, P.Q. $8,120-$9,800. Competition 61-256, : bi EXAMINER (with o thorough knowledge of the principles and Ottawa. $8,120-$9,800. Competition 61-929, OPERATIONS AND MAINTENANCE SUPERVISOR -- POWER GENERATING PLANTS (with o number of years of pro- gressively responsible experience in the development and testing or maintenance of diesel and gasoline engines used electric power), Civil Aviation Branch, $7,500- C ~-- INDUSTRIAL SYSTEMS (with pro- fessional qualifications, to be responsible for systems studies ond development projects for mechanical, electronc and electrical mail handling equipment installations), Post Of- HELICOPTER PILOTS (with approximately 100 hours es pilot dred hours as pilot-in-command of a fixed wing aircraft), $6,660- STRESS ANALYSIS TECHNICIAN (with several years' related experience OR graduation from a technical institute in @ Surveys, Ottawa. «+ $4,620-$5,160. ELECTRONIC TECHNICIAN (with several years' related ex- ance and repair of electronic devices used in the operation vatories Bronch, Mines and Technical Surveys, Ottowa. $4,080-$4,800. Competition 61-2401. a technical nature in the operation of the telescope and ouxiliary mechanism and the handling of photographic ma- terials), Dominion Observatories Branch, Mines and Tech- .C. $4,080-$4,800. Competi- MAP COMPILER AND COMPUTER (with ot least five years' related experience), Mines and Technical Surveys, Ottawa. $4,050-$4,500. Competition 61-569, ASSISTANT (LITHO OR PHOTO) (with ot least four years' experience as a plate maker, cartographic or lithographic plate making), Mines and MAP COMPILER AND COMPUTER (with at least three years' experience), Mines and Technical Surveys, Ottawa. 300-$3,900. Competition 61-568. FOREIGN SERVICE STENOGRAPHERS, (between 21 ond 45 month, according to quelifications. Minimum sclary while abroad, $295 a month, plus living allowance. Competition UNEMPLOYMENT INSURANCE COMMISSION OFFICER (to be responsible for promoting and developing the use of the Employment Service in the Ontario Region, with por- ticular responsibility for primary industries reloted to ogri- Insurance Commission, $6,420-$7,140. Competition 61-T2023. STENOGRAPHER 3 SECRETARY (with four years of progres- partment of Agriculture, Soult Ste. Marie, Ont. $4,020. Competition 61-0-2105. For competitions indicated *, write to Civil Service Commis- competitions, details and application forms ot Offices, Nationol Employment Offices end mearest Civil i ission Offi : Sgn Opportunities $14,500-$15,000 ond Com- staff engaged in all phases of 200. Competition 61-1005. ao knowledge of French and PROFESSORS, PU AP. university in a course of recog- Royal Military College, and CORPORATION FINANCE $8,120- of test audit programmes -- of Transport Commissioners, $8,700. Competition 61.926, $8,540-$9,800. Competition Bell 47 type, and several hun- $7,680. Competition 61-928. Physical Metallurgy Division, ex technical work in mainten- Astronomy), Dominion Obser- (to carry out complex work of and a thorough knowledge of $4,050-$4,500. Competition $3,- of Trode and Commerce and Salaries $257 ond $297 o Toronto, stenographic experience), De- $3,570- application forms. For other mein Post Ser- TORONTO WEEKLY STOCK QUOTES By The Canadian Press Ad the Toronto Stock Exchange this week. changed totalled 193. Volume for the week was 13,664,000, previous wiek's 12,288,000. Total to date are 198,468,509, less marked §.) WEEK'S MOST ACTIVE TORONTO By The Canadian Press Sales High Low Close Ch'ge +178 13% INDUSTRIALS 180765 400 200 395 668975 $51 48% 51 + 51767 $18% 17% 17% --i1% 48563 $18% 17% Sapphire South U Pamoil Un Oils Nat Pete N Mylama C Halli Industrials A and B $585 837% 36% 7% 6870 $25 23% 24% 1245 $21 20% 20% 135 95% 95% 1101 620 20 20 9645 220 205 5850 200 29% 30 --- 107% 107% 12047 $i3% 12% 1535 817% 17% Algon Alumini Alum 1 pr Alum 2 pr Analog Analog w Anth Imp A Anthes B pr Ari +30 40 $96% 96% 96% + WK 1885 $9% 38% 9% + % 150 $49% 49% 49% -- Y% 760 $12 11% 11% -- % 20197 $29% 27% 29% +114 100 $6% 6'4 6% 545 $63% 62 5001 $72% 71% 72% + % 185 $4 42 43 + Bank NS Bath Pow A Bath Pow B Beatty Beav Lumber Bell Phone Bowater pr Bowat 5%p 23468 $15% 1 13% ~ % 875 $25 25 25 68975 $51 48% 51 +1% 505 $47% 47 47% + % 435 $521 51% 51% +1% 460 $50 50% 50% + % 1480 $8% 8% 8% + 3% 100 $35 5 35 +2 10019 440 420 435 2500 $5% 5 100 $46 255 $50 47 15074 $34% 33% 34 65 § 80 $4014 40 $481 475 48 $5214 48 48 +44 $14% 13%F 14% + % $1434 1434 14% -- 4% $1415 14% 14% -- 4 $353 34% 3B% + WU $48% 46% 48% +134 $103 10% 10% + 3 $14% 13% 13% -- % 250 250 250 --2f $35% 34% 35% -- % $18 17% 171, -- % SL1% 11% 114% -- % $7 6% 6% --% C and D 4338 827% 25 20% +2 25 $102% 102% 102% 100 400 400 400 BCE 4%pr BCE 4%pr BCE 5 pl BCE 5%p BC Forest BC Pack A BC Pack B BC Pow BC Phone Brockville Brown Bruck B Build Prod Burlington Burns Burrard A 515 750 10404 9469 825 602 600 276 780 1605 5 Cal Pow Cal Pow Spr Can Bread Can Cem Can Cem p 48 +1% 2545 $12% LY UY -- 8% CBAL A wits 7940 515 425 425 --45 3430 500 430 435 25 834 $13% 13% 1% 6460 $29% 26% 28% +1% Cel 175 pr 635 $34% 3% 34% +1% Ch 6% ¥ Collieries Colli pr Curt W Drawn Dredge Fairbks A 141 55 $8 8 8 +% -% 55 +1 $5% 514 5% + 205 250 2715 +10 $18% 16% 18% +x% $21% 21 21% + % $6% 6% 6% + 350 310 350 +25 SHY 1 1l%--% C Ind Gas $35 8 844 + CIL $15 1% Mh + % Cdn Loco $10 10 10 -- Cdn Marconi 5 87 5% 6% + % Cd 27% 28% +1% 107 $101% 101 101X + % 4 283% $2% 2 $12 10% 11% +1% $60 S58 -l $50 47 S50 +3 $4 0% 48 +24 $95% 95% 95% -- i $7 30 30 4% $164 15% 16% -- % 5 $1514 15% 15% + YW $35%a 33 3 4 5 $4 M4 -1 $1414 13% 13% --1 $51 5M Sd -- M4 5 $10%a 10% 10% + % $114 1 U% + % Con Baks $83 8% 8% Con Gas 11920 $187 18% 18% -- Wo Con Gas A 10 $106%4 10634 10619 Con Gas B 90 $106%4 105% 106% +1 Copp Clark 300 $7% 6% TW + Corby vt 3505 $184 17 18 + ¥ Cosmos 1140 $117 1% 11% + Craig Bit 400 175 175 175 C Hydro Car 2296 Cockshutt Col Cell Comb Ent Conduits TY = " 17% 18 19% 19% -- 28% 2% 8% 60 BsusBilones 17% -- % 40525 915% 14% 14% -- % 28% -- % 62% -- % 375 $2616 26% 26% -- Wi by 306 to 327 on BEone gyg=t ct Sy --- ges by ] 530 exes, ESumy ok Stock Hardee 4283 Hard Carp 55 Hees b{ Jock C wis Kelly D A Kelly wis Kelvinator Labatt Lafarge wis Lakeland LO Port C L OPort C pr 50840 25763 2688 m2 360 Maxwell Mid-West Milt Brick M Cont A Molson A Molson B Molson pr Moly s Mont Loco 29616 00 $:234 Nor Phone w 11660 NW Util pr 621 Ocean Cem Ont Loan Ont Steel Oshawa A Overland Page-Hers Parker Pbina Pembina pr Penmans PC Jewel Photo Eng Pow Corp Premium Reichhold Reitman 200 Roe AV Can 19773 Roe AV 5% 260 Rolland A 175 Rothmans 22622 Royal Bank 415 Russell 16065 StL Cem A 550 1008 780 $100 7360 81762 6520 St Maurice Salada-8 Salada wis Scarfe A 100 Scythes 215 Selkirk A 900 Arts 14764 7361 160 700 1402 $17 $16% 16% 16% -- % $L1% 1% 11% --% 42 40 4 +10 -2 85 80 85 +6 $74 69% 73% +2% 215 185 210 +25 $4316 4214 42% --1 $41%4 40% 41% + % $10% 10% 10% --1 90 $9% 8% U+ WH $37% 36 37 + % $54 64 64 -- $91 9% 9a -- 250 240 240 +15 310 265 270 310 275 aw 8% 16% 20 2% 13% 40% Ya 46% $14% 13% 187% -- 14 $107% id 107% +1 700 300 25% 26) 2 26% + % 2 42 41 41 --~-% 14% 4% -- % 57 59 +1 14% 14% -- % 21% 21a 340 205 400 200 $13% 12 $83 81 12% $126 124 $49% 49% 48Y5 -- Ya $304 30% 30% -- Ya $25 24% +2% $15% 15 - 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