The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Today's Toronto Stock Marketi Listings 11 Net Belated Rush To Load Grain Cheaper | JHE OSHAWA TIMES, Tuesdey, April 24, 1962 1§ Blasts | Hamilton Man TORO! TOC! 11 Net 11 Net v1 New e By pig Ciauies -- Stock Sales High Low a.m. Of'ge| Stock Sales High Low a.m. Ch'ge| Stock Gales High Low a.m. Ch'ge | Stock Baies High Low a.m, Ch'ge s Perenie Sicck Exchange--April #4 |G L Pow w 125 700 700 700 --10 |Weston B 475 $20%4 20%4 204+ 4 ih 4h 4% Meta Uran 3000 n a 6 ps Awarded Mine ex Net change is|Imp Tob 800 $15%4 15% 154+ % E " Se ee vee ties igdted is ships started loading grain with from previous board-lot closing sale.|Ind Accep 325 $30% 30% 30%-- %|Price Br 300 $50% 50% S0K-- % ind Min 400 10 10 10 Gontations in conts unless marked $.|Guar Tr 310 $64. 64 G4 + H|Wood JA HO 40 : 510 610 610 100 $15% 154 15% Im ct Foreseen ie Curb : 6 6 & 43 Odd fot, xd--Ex-dividend, xr--Ex-|Imp Oil TA V8% 48% 48% Cc Pape seu wma + ulS S. ¢ os ; ns 17 uf aa PORT ARTHUR (CP)--Lake } 1000 9 9 59 i 00 INDUSTRIALS i Net Stock Gales High Low p.m. Ch'ge Abjtibi 200 $47% 47% 47% + |" Alta Dis vt Alta Gas Alta Gas w Algoma wr Hi a aE Hed # 450 «6450 «450 Inland G pr zl0 $184 18% 18% in Nickel 535 S24% 64 - Int Util 1210 OILS 600 935 0 115 300 2000 625 200 500 4871 200 2) 1500 ResSehEs --0 +16 838 Dynamic Glacier 23 8 Home A 1 2% 12% 12% -- % } $17 17% 17% + % 25 us M3 2 6 6 6B +h 21 21 ai y|@ belated rush Monday to the 605 605 605 33% 33% 34+ % 3 Bb WB 10% 10% 10% $2 62929 32 «3238 7 7 7 360 360 360 accompaniment of waterfront labor trouble. Seven lake freighters moved under the spouts of Lakehead terminal elevators. The nayigation season opened last week and the delay in the start of grain loading was at- tributed to closing of the St. Lawrence Seaway because of a leak in the Eisenhower Lock at Massena, N.Y. Upper lakers loaded iron ore instead of grain By RUSSELL ELMAN OTTAWA (CP)--Development of a common fertilizer ingredi- ent as a cheap replacement for nitroglycerin in mines is having a major impact on the explo- sives industry, Canadian mining officials were told Monday. The new explosive, which by next year may account for 75 per cent of all explosives used in Canadian underground min- ing operations, is ammonium nitrate-fuel oil. cal development" in a lecture to the Canadian Institute of Mining and Metallurgy. He said it might still be a number of years and cost many re millions of dollars before the! best form of ammonium nitrate for blasting use was worked out. Meanwhile, Canadian mines had begun to. introduce AN-FO in underground blasting opera- tions because of considerable savings in cost. Service Medal OTTAWA (CP) -- Karl J. Springer, one of the first per. sons to use a helicopter for min- it was announced Monday. Mr. Springer, a native of Hamilton, and widely-known in mining circles across the coun- try was given the medal in rec- ognition of his "courage, ability ? ZE . Met Stores 259 % 7m -- |c a ar Grandue rt 144 16 +1%| Quemont m3 95 95 because of uncertainty about USE AT ELLIOT LAKE and resourcefulness" which con- Met Stores p 375 sis 1s tem | [Gulch 0 8 8 8 ey Gen oe when they could reach St. Law-|,, em, ammonium fitrate, an' \rinicen Uranium. Mine at|stituted "an inspiring epic in Mex LP p 1 86 (86 + 4 14% insensitive material, is mixed in " Mery be eee eS ee vg iggy ae ary #10% 10% 10% -- |rence ports to unload grain. |the right proportions with fuel|=liot Lake, Ont., began using Canadian mining. nat Le ' ee Se a in Hollinger Roche The first ocean ships to reach], giesel oil it becomes an ex-|t#e new explosive in all work-| Ralph D. Parker, senior vice- No NGas 130 § 20% Yin Mo 140 10, -3 nee i 0 2 --4 |San Ant 300 198 108 the Lakehead following reopen- posive capable of moving tons ing areas in the mine last sum-jpresident of International PageHere 120 Y Union Ot wie ee ioe i tue Oe ec ee $00 28 27 27% -- ¥,|iNe of the Eisenhower Lock arelo¢ rock in a single blast. mer after two years of intensive|Nickel Company of Canada QN Gas pr 220 1% 41% 41% + 4|J Waite ¥ | Siscoe 188 18 188 +1 \expected to be the Holmside Arthur 3 t a research. Limited, was awarded a medal, and the Irish Oak, expected i Canaan rnd man-| M.D. Lawton, Milliken's un-|bearing his company's name, Sunday or Monday. ager sor Canadian ustries|derground superintendent, said|for his contribution in develop- Revelstok pr'100 $20 20 20 Ww 13 13 13 Jonsmith 2! 2 Starratt- Rob 2 pr 209 --1 |Jowsey 3 Stee: : Limited's explosives division, Inter - union rivalry was Montreai, described the tise of explosive costs used to amounting the rich Thompson, Man., z googap astTee Hy aAcag: z et W 68 68 68 Mad R Nodwell 500 $6 4 7 105 105 105 --1 |Kerr Add 955 83: Sud Cont Roe AVC 143 4000 114 11 MY%-- %|Lab Min Sullivan Royal Bank 275 $80% 80 os L Shore 270 270 270 T 2 #2988 aa = ae : ba] 356% 56% 56% + 42 415 415 2 $16 «1 = (16 $8 8 $22.4 22% 22%+ % $19% 19% -- % $124 12% $914 9% $48% 484 84 -- % 730 730 <5 $5 64% Gis $13% 13% 13% $20% "20% 204 -- % 80 $56 (566 250 $18% 18% 18% 200 $5% 5% Sh+ % 150 eeegee zE°3 ego 105 4% i 4 22% Simp: Slat Steel pr 225 19% St Pav $10 12% Steel Can 27 Ye. 85% Steinbg A 100 $22 22 Texaco 30 uM Thom Pap 125 $ 6 Tor-Dom Bk 180 $66% 66% Tor Iron A 200 4 19% T Fin A 870 $50% 50% Tr Can PL 475 23% Trans PPL 100 36% Un Gas 500 $: 21% Un Steel 200 ™ voce El 4 Vendomat Wainwr 200 125 125 125 Walk GW $58% 58% 58% WCoast Tr 225 $17% 17% 17% W Cop wts 200 Langis blamed for waterfront tension AN-FO as a "major technologi- to 21 per cent of all under- nickel deposit. %\A Arcadia ; 6 «69 «(69 MINES Abacus 25416 50 48 Acad Uran 1000 6% Advocate 250 Alba Expl 1000 Amal Rare 2500 17% 17% 174+ % Anacon 600 45% 45% 45% --3i6 Ansil 19000 11 11 MM = Arjon wo000 14 14 4+ Aumacho 9 9 +% Aumaq 500 6% OHO 1000 300 1100 800 Anglo Hur 200 940 90 940 +15 | m8 1 1000 0 Beay Lod 54 54 S4--% Bidcop 12 1% 1l4¥--% Bralorne 625 625 625 Cadamet 9 9 Cc Tung 222 22 222 +2 C Dyno 112 112 112 CN Inca 9 8% +% Cdn NW t 9% 8% 8%--1 WCoast vt 200 $17 17 7 = ¥%|Can-Erin 0 24 aA -w Cassiar $12% 12% 12%+% 8 8 8 4 oO 40 | Weston A 100 $18 18 18 --%|Cent Pore 500 NEW PRESIDENT R. H. Wallace, assistant superintendent of secondary education in Ontario, has been elected president of the On- tario Educational Association. Mr. Wallace, born on a farm in Grey county, is a graduate of Queen's University and did post-graduate work at Har- vard and Oxford universities. He was on the staff of Cen- tral Collegiate Institute, Ham- ilton, for 12 years before join- ing the provincial education department. --CP Wirephoto BUSINESS SPOTLIGHT Goals Stressed In Bank By FORBES RHUDE Canadian Press Business Editor "Ambition" is the theme of the current Royal Bank of Can- ada letter, known for its schol- arly monthly treatises on many subjects, "There's magic in having a goal," says the letter, 'but if your ultimate objective has not risen into your consciousness, do not, because of that, neglect preparation. "You need not fix upon one} subject to study in the hope that) some day it may turn out to be) the right one. Spread yourself.) "One youth who was unde-| cided about his proper field) held a half - dozen jobs while! studying by correspondence. He} reached the top in a field never) contemplated at the beginning and found that every one of his four home - study courses had contributed to his success." About 110 trade fairs will be held in Canada in 1962, says the 1962 edition of Ca- nadian Trade Fairs, issued by the department of trade and commerce. The 52-page booklet gives both 1962 dates and those that have been set for 1962. Information includes types of products displayed, esti- mated attendances, names and addresses of local fair officials, whether foreign exhibitors are invited and whether the fair is open to | buyers, delegates and the | general public. The New York Stock Ex- change has published a 24-page fllustrated brochure entitled "telling your corporate story." It contains more than 200 ex- amples of corporate communi- cations in 22 major categories. The exchange has also put its "Fact Book 1962,". a 52-pub- lication with a wide range of information about itself. Greens hields Inc. has ~* Letter made a nine-page study of the Canadian balance of in- ternational payments, in- cluding a four-page statis- tical table. It says there is every in- dication that, in spite of certain strains, the balance of payments will continue to show distinct improve- ment, but that the trend may be obscured temporar- ily by the traditional widen- ing of the current account deficit in a period of busi- ness expansion. .... «++. ++ Market Action Lightest For This Year TORONTO (CP)--Buyers and sellers appeared to take an ex- tra-long Easter weekend holi- day as action on the stock mar- ket Monday dwindled to its lightest this year. In the main list, Algoma Steel, Salada Foods and Alum- inium all declined 4%. Trans- Canada Pipe Line dropped to a 1962 low of 2344, off 14. Gainers inclded Argus Cor- poration, ahead 1%, and United Steel, up %. On index, industrials rose .26 to 623.93 and golds. .46 to 87.32. Base metals slipped .01 to 208.71 and western oils 1.08 to 115.49. Volume was 1,914,000 shares compared with Thursday's 2,925,000. International Nickel gained 1% in base metals, while Nor- anda, Ventures, Denison and Consolidated Mining and Smelt- ing all fell in a % to % range. In speculatives, Tombill rose 13 cents to $1.20. Among western oils, Calgary and Edmonton fell 4. United Steel Shareholders Get $8 Offer TORONTO (CP) -- Directors of United Steel Corporation Ltd. advised shareholders Monday not to accept the offer of $8 a share that is being made for 150,000 of the company's 575,- 000 issued shares. In a statement following a meeting, they sad the com- pany's orders on hand are at the highest level of the last 10 years. The book value of the shares, they add, is more than $12 a share, of which more than $7 is represented by net current assets, and they feel the offer of $8 "is considerably too low in view of present values and 1962 prospects." The offer made by National Trust,.Co. Ltd., is on behalf of an unnamed client. The company and its subsidi- aries manufacture a wide range of steel products, with plants at Toronto, Welland, Port Robin- son, London, Galt and Mont- real. Its shares, which closed at $6.30 a share on the Toronto Stock Exchange Thursday, traded Monday around $7.50. NET EARNINGS Nursing Home By THE CANADIAN PRESS Dupuis Freres Ltd., year Operator Said ended Jan. 1; 1962, $188,031; 1961, $86,765. Handy Andy Company, year In Bankruptcy ended Dec. 31: 1961, $288,470, 60 cents a share: 1960, $406,617,| ,,ORONTO (CP) -- Creditors $1.06. of a nursing home operator were told Monday she borrowed DIVIDENDS from elderly patients and used the money to pay off debts and buy property. By THE CANADIAN PRESS Mrs. Leata Whyte has de- clared herself bankrupt and Beaver Lumber Co, Ltd.,| claims to have onl 'y $6,000. Law- common 40 cents, Class A 25)yver Murray Page, counsel for cents, pfd. 35 cents, July 3, re- cord June 11. case, told a creditors meeting Bulolo Gold Dredging Ltd., 25) it was "one of the most flagrant cents, June 8, record May 18 -| bankruptcies," Cassiar Asbestos Corporation) Mr. Page said Mrs. Whyte Ltd., 10 cents plus five cents|/claims to have only the money} extra, July 27, record June 29.'/she was awarded Apri! 2 in Cosmos Imperial Mills Ltd.,|damages resulting from a traf- 11744 cents, May 15, record April/fic accident and "since then we 30. Easy Washing Machine Co.|from creditors and other inter- Ltd., pfd. 25 cents, June 15, re-|¢sted persons who say she owns cord June 8. Great Northern Gas Utilities), ,O7¢ elderly nursing home res- Ltd., 15 cents, June 1, record May 24. Hamilton Cotton Co. Ltd., common 25 cents, June 1, re- cord May 10; pfd. $1.25, Aug. 15, record Aug. 7. L. McBrine Co. Ltd., pfd. 50 cents, July 1, record June 8. Macleod's Ltd., pfd. Series A have been deluged with calls at least eight properties." jident claims to have loaned |Mrs. Whyte $3,900 and another jsaid she loaned $500. 30 cents, plus participating 36 cents, May 15, record April 30. Thompson Paper Box Co. Ltd., common five cents, June Bales to 11 a.m.: 563,000. surrounding the freighter Doug- ground mining.costs. Since the! The Selwyn G. Blaylock las. Houghton, which arrived United Grain Growers Limited.|(Ind.) 76 176 176 --1 jonto, was manned by a crew/Houghton was 1% 17% 17% belonging to the new Canadian/grain trimmers 32% Maritime Union (CLC). picket lines. The ship, owned by Upper] The SIU set up picket lines|28 cents. Lakes Shipping Limited of Tor-jaround the dock where the| Ammonium nitrate, for many|"the vision and aggressive lead- loading, but/years used as an ingredient in|ership" which resulted in a con- crossed the/nitro-glycerin explosives, was|siderable measure of Canadian SIU representa-|first used in a substitute mix-|independence in the copper 33 32 500 2% 2% 2% --%) The union is operating on the/tives were not permitted to|ture for NG-based blasting ex-|world. Mr. Murdoch died iast lakes in opposition to the Sea-iboard the ship. introduction of AN-FO, explo-|Medal was awarded posthu- at the Port Arthur elevator ofifarers' International Union|sive costs had already been cut/mously to James Y. Mt by half to 14 cents a ton from|a key figure in the development of Noranda Mines Limited, for plosives in 1935. week. the trustee' firm handling the) 1, record May 25. oPECIALs VE *169°°° on this BIG PACKAGE DEAL INSTALL GAS HEATING COMPLETE GAS FURNACE Enjoy the comfort of dependable, avtomatic gas heafing. You'll be delighted with its quiet, trouble-free performance and you'll discover there's nothing like it for real luxury -- ond real y. Take. ad 9 this binatit deal today! FORCED WARM AIR FURNACE 'VAG NSTALED, . . $625.00 Sits WATER HEATER msraurm $169.50 TOTAL VALUE wstaucornce $794.50 YOU PAY ONLY $625.00 o% CONVERSION GAS BURNER Do as other satisfied homeowners have done. Install avto- matic gas heating in your present furnace or hot water boiler. Replace your worn-out burner with an economical, auto- matic gas conversion bumer. Call Consumers' today! CONVERSION BURNER . $249.50 wane AVERAGE INSTALLED PRICE unep WATER HEATER wsrauto $169.50 TOTAL VALUE nstau mice. $419.00 9 YOU PAY ONLY $249.50 this big No. 30 glass lined, completely automatic WATER HEATER absolutely Including Installation, . REGULARLY PRICED ON SALES FLOOR OF CONSUMERS' GAS " $169:50 C.G.A. APPROVED REGULAR STOCK OF NATIONALLY ADVERTISED BRANDS: INGLIS e WOODS e MOFFAT McCLARY © RUUD © COLEMAN GET THESE ADDED DIVIDENDS wm GAS HEATING LOW-COST, AUTOMATIC HEATING CLEAN, DEPENDABLE OPERATION FREE BURNER ADJUSTMENT SERVICE 24-HOUR A DAY, YEAR 'ROUND SERVICE SAVE USABLE FLOOR SPACE ON HEATING EQUIPMENT ( SPECIAL LOW RATES ON HOME HEATING ( NO DOWN PAYMENT () 5 YEARS TO PAY ON YOUR HEATING EQUIPMENT () 12 MONTHS EQUAL BILLING TO PAY YOUR YEARLY HEATING ... AND @ Gas 1s SO TROUBLE-FREE. Plus FREE SERVICE LINE INSTALLATION UP TO 50 FT. FROM FRONT PROPERTY LINE! 48 SIMCOE SOUTH "" (CSonsumers' "as 723-3468