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1fR COMAWA TIMES, Tuesdey, November 27,1962" 1% ' : . | DIVIDENDS Today's Stock Market Listings 2s _ onflict Of Opinions Algonquin Building Credits,| 11 Net 7 | High Low a.m, Ch'ge Lid., common 174 cents, plus) 166 166 166 --4 2% cents extra, Dec. 21, record} | Bike Le: Uy Dec. 10; pfd. 3244 cents, Dec.' anne. 94 (15,. record Dec. 3. Giant YK 1008 11 il it Collingwood Terminals Ltd. | oF ne common §1 plus 10 cents extra, | Grandue pfd. $1 plus 10 cents extra, Jan. 31, record Jan. 10 TORONTO (CP)--There is al Easy Washing Machine Com. conflict among legislative in-| that only a_ reduction was needed in corporate taxes. Mr. Capon said the corporate tax is leading to socialism merely because politicians can use it to redistribute income On Non-Taxable Gains'""..2" dropped, leaving income to be valid arguments against a cap-jallowed as a tax deduction is|'@Xed as it is passed on as div- ital gains tax is that it will not the ther facet of the capital|idends or as it is converted into |gain question which has, been|°aPital, and* that all income uN High Low a.m, Ch', 29 2 $10 10 105, 103 425 310 TORONTO 11 AM. STOCKS | " Net | By The Canadian Press Stock Sales High Low Close Ch'ge Teronto Stock Exehange--Nov. 77 Hardee pr x3 $8668 tations in cents uniess marked 8. Hawker-S 165 470 470 8--Odd lot, xd--Ex-dividend, xr--Ex- Horne Pt 195 165 165 165 rights, xw--Ex-warrants. Net change is' Imp Flo 44833 330=--o33 from previous board-lot closing sale.) imp Oi! Ti} $44 44 AIM Imp Tob xd 200 $14% 144% 14% INDUSTRIALS 1 Imp Tob pr 100 36! Gis 6% 1 Sales High Low a.m. © et e Stock |Faraday Frobex Bales 1200 Stock Sales Ang U Dev 1000 Bailey § A 4120 Banfi 1200 CS Pete 2500 C Pethi 500 C Ex Gas = 1600 C€: Homesdt 1000 Cent Del 610 Charter Oil 800 C Mic Ma 350 4, C West P 300 Dev-Pal 6400 Duvan 2000 Fargo 700 Glacier 2000 Home A 100 Home 8B 175 H B OU G 117 Long Point 1000 | Medal 200 Midcon 2100 \Nat Pete 2000 Norecan 336 Northcal 500 NC Oils 700 Northid 16000 Okalla 2100 Pac Pete 2200 Pamoil 5300, Permo 2200 Provo Gas 2600 Secur Free 700 South 2500 trans Can 1000 Triad Ou 850 Unispher 5000 | Un Oils 900 Un Reef P 2000 Wsburne 1000 Yan Can 1000 66 470 5 +4 % +1% +5 126 =1 120 850 104 375 195 92 --10 --3 -- Me Ind Accep B% Bie---% Injand Gas 465 485 5 IC 46 46 68 = «68 45 45 61 8 ' 150 150 -<10 53% 53% Stock a Ie , Int Nickel int Util Inter PL int Sti P Inv Syn A Jefferson h Jockey C Kelly wis Lalarge Lafarge wis Lakeland Laura See Lau Fin A Lau F 125 Leland Levy Levy 2 pr Lobo A LobCo B LobCo_ pr Loeb M 4 > 50 845 +3 30 $81 650. 155 250 853% 100 $5% 200 315 100 175 300 450 zi0 45 1300 , 250 100 $15% 175 $16% 275 $20% 350 $10% 128 $12 200 $10% 275 $8 8 650 38% 8% 8 210 S$49% 491% 49% 100 .$14% 14% live Macleods 125 $22% 2244 224 MB PR 212 $18% 18% 18% M Leaf Mill 750 $11% 11% 11% Mass-F 2130 $11% Y1% 11% MEPC 200 200 200 200 Met Stores 2100 $%7'% 7 Mid-West 200 180 Milt Brick 211 340 Moore 205 $50% 5 Nat Trust 1000 $20 Noranda Ogilvie Oshawa A Page-Hers , Pina Penmans Phantom QN Gas pr Rothman Royal Bank Royalite pr StL Cp A pr Salada 2 Sayvette Shawin 2 1% 24 ' 4» Bidcop Siew A pr Bordulae » Shell Oil Bralorne Shully's Buff Ank Simpsons Camp Chib Stedman 1 1 1 % © Tung Steel Can s Astoria Steinbe A Pat Tamblyn ent Pore Tor-Dom hester T Fin A hrom Tr Can PL 535 $2i%» 2 'oniagas Trans-Mt 300 $14% Bellek Trans PPL 1075 87 Un Gas 7150 $19 Vector 1000 Vendomat 225 420 2| Viceroy A 40 $7 Walk GW Weston A Weston B West A wts Wood J pr Woodwd A , Wool Comb Y Knit A -- a =~9 Alta Gas w Alta Nat Alt Cen w Algoma Alumini 29 1% Jellicoe | Joliet Keeley .F Kerr Add Kirk Min L Dutault 'L Osu | Langis | Latin Am Leitch Lexindin Lorado vyndhst Madsen Marcon Maritime /2| Matigmi | McIntyre | McKen + he --% 10% A 180 42 140 30 90 Midrim Min Corp Mt Wright |Murray M Nealon Nickel MS Northgate N Rank Opemiska Osisko Paramaq Pitch-Ore Purdex 7 Que Chib Q Matigmi Qunston Rio Algom Rockwin Ryanor Satellite Sherritt S Miller Siscoe Steep R Sullivan Thom L Tormont lribag Un Keno Un Fort * Violam Weedon W Sof [ , Wiltsey Wr Harg Wilshire Yk Bear Gunnar High. Bell Hydra Ex ae 5 ¢ =| judici -\produce a t revenue. " any Ltd., pfd. 25 cents, Dec,|tent, judicial precedents and de-|produce any ne oe 15, record Fs 7 'partmental assessment policies! j 1 'completely ignored in Canada. Should be taxed at the same | Giant Yellowknife Mines Ltd., 28 to what is a non-taxable|REVENUE SMALL The accent seems always to be "ate. common 15 cents, plus 10 cents 8ain in Canada, says a Van-| a tax operates like a sales tax : ae .., ing taxed or subject to be found pecome taxable under such a\2%d is not a burden on a cor- Gordon MacKay and Stores Jacques Barebau anit during taxable as ordinary income,|jeyy" : . Lid., Class A 12% cents, Dec.\8 penal session at ge ian tomers. +1ia/15, record Dec. 1. ' Rl iat petare ynighned tl capital gain levy will indeed/either to tax or not to tax cap-|. Phe corporate tax does not Industrial Minerals of Can-|, if : «accordingly such a tax does not <p, : Oy: any more than any other cost > | a : ishould be carefully evaluated|*: 5 plus 10 cents: extra, Dec. 17, eine. Bir gt pd pcre warrant introduction in the!tect Hy inaction we find our-|Since 'business recovers im 'record Dec. 1, rg hi t which undoubtedly will be} : Hcg e zi . ake . Sandaared by the royal commis- Mr. Barbeau said that an- to tax in years to.come." pours funds available for new Itd., common five cents, plus! io. on taxation--it would first|9 ier argument against intro- ' : investment because the' tax 2% cents bonus, Dec. 21, <1 «ng au appear necessary to determine reduce the mobility of capital-- Earlier, two of Canada's lead-|jaues Ocean Cement and Supplies neither taxed nor potentially li- deter investors from selling in-jing tax experts clashed on the} Ltd., common 20 cents, Jan: 2,|. conte . ; able to taxation. attract tax on the realized pro- Frank $. Capon, vice-presi-| fits dent of Dt. Pont of Canada Ltd.,; KELLY Power Corporation of Canada CAE Lid., common 50 cents, Dec C Brew Cc Brew pr C Chem * Chem w Collieries 2 Frbks A * Gas In pr 7 Gas In w > Husky > Husky w Hydro > Imp Bk C Ind Gas 725 2035 00 2100 100 300 351 100 100 S77 500 800 310 300 655 225 3066 536 200 Hollinger | Jacobus 7 | "If this is so simply because| on the fact that profits which Mr. Eaton argued that such extra. Dec. 27° record Dec. 10,;couver Jawyer. most casual profits now are be-inow are not' being taxed will| poration but rather on its cus- 2 Pax Foundation jthen it is patently apparent that) fe said that before deciding tentious ieaue is to be. resolved produce little or no revenue andiita) gains, the pros and cons|"iscourate business incentive ada Ltd., common 10 cents,;.. jCanadian tax system." selves without &iny capital gains Prices. It does not in any way Madsen Red Lake Gold Mines : ot cing such a tax is that it will) VIEWS.DIFFER money is recovered," cord Dec. 4, what types of casual profits are| vestments since to do so would subject or corporate taxation. | record Dec, 17 egy "In other words, before de- ye called for abolition of the tax,) ciding to tax or nbt to tax cap- 31, record Dec. 5 ital gains, it should first. be as- Quebec Power Company, com- ©erted what would under Cis mon 40 cents, Jan, 11, record "ent conditions qualify as tax- "Dec. 14 able capital gains. Fc ciacadl VOTE to ELECT The strongest argument in favor of a capital gain levy is the suggestion that the deduc- tion of capital losses may be a positive economic stimulant saying it is one of the strong-! est forces driving Canada to so- cialism. A. K. Eaton, Ottawa fiscal. consultant and former Abacus Advocate Agnico Alba Expl 1542 4500 1500 10000 600-1 00 3 1000 600 He said that one of the most; 'That these losses would beideputy finance minister, argued, Lete Get Ochawa Rol ng Again! : We need Harmony and Experience at City Hall! 17000 250 300 1666 00 Coronation Cosmos Mist Seag 1D Bridge ent 3500 2000 200 500 500 7400 2000 1500 1000 5540 1 3000 700 5000 8700 2000 Bk 380 $6 925 $14%-- 0 Discov s G Arrow Halli Marben Mogul Morrison Rambler Sannorm Corp op-Man oprand roinor usco OILS Con-Shaw Denison 500 «45048 Dicknsn 500 201 20 Eldrich Dom_ Text Du Pont Exquisite Falcon Fed Farms Fed Grain Ford US Froay A Gatirewu G Dynam 9 420 300 120 Bales to 11 a.m.: 487,000. NET EARNINGS By THE CANADIAN PRESS Bank of Montreal, year ended Dec, 31: 1962, $16,013,512, $2.64 a share; 1961, $14,578,817, $2.40 Canadian .Imperial .Bank .of Commerce, year ended Oct. (31: 1962, $19,189,926, $2.75 a | Share; 1961, $17,699,803, $2.54 | Federal Farms Ltd., 7 mos. Quebec . Telephone Company, Industrial Expansion. 2: sti: Bandwagon Crowded: mos. ended Sept. 30: 98 100 $20% 99 960 25 $103 825 $1544 15 275 $14%-- 14 300 250 250 960 03 op 5 4014 10. 1 AP Cons 400 Alminex 6 10 w+ 400 6500 6 290 285 BUSINESS SPOTLIGHT JOHN W. DYER Alderman Oshawa Wholesale Lid., 40 weeks ended Nov, 3: 1962, $600,- 275, $1.06 a share; 1961, $422,- 378, 75 cents | $1,447,123, $1.58 a share; |$1.258,934, $1.35. Your VOTE and INFLUENCE Is Respectfully Solicited for the Election of .. . VOTE VIVASH Board of Education OTTAWA (CP) -- When it] Mr, Barrow's current cam-jitems. The result: Some $11,- comes to industrial expansion|paign is an effort to get Cana- 000,000 in annual purchases campaigns, everyone seems tojdian industries to buy more of|switched to Canadian suppliers, ' want to get in on the act. The/their supplies, parts and equip-|the creation of an estimated) federal government's produc-/ment from Canadian sources.|1,600 jobs and annual savings of/| tion-boosters don't mind in the|This means a careful study byjabout $2,000,000 for Northern least. each company of what it im-!Electric. The federal trade department| Ports, to see whether these sup- ADD NEW TWIST has its own twin promotion campaigns to get Canadian in- dustry to "Buy Canadian" and export more. Just about every provincial) government has its own pro- gram, varying in emphasis and effort but all with the same goal of increasing production in their) existing industries and attract- ing new factories All these efforts are fitting in without too much overlapping says Bert.C. Barrow, assistant deputy minister of trade "There's so much work to be done that it doesn't matter very much if there is some duplica- tion," he said in an interview plies couldn't be bought from competitive Canadian sources. This was the main theme of a national industrial expansion conference held here in Sep- tember and a similar regional confrence at Montreal arly this month. Other regional con- ferences are planned at Hamil- ton Dec. 12 and in western Can- ada early next year Prime exhibit at these' confer- ences has 'been the Northern Electric Company, which be- gan in 1956 to seek Canadian sources of supply for more than 8,000 items formerly imported The company, reduced its im- port list to fewer than 1,000 At the Hamilton conference, janother twist will be added--/| |the story of a St. Thomas, Ont., | jfirm that exploited the idea of; \licenced manufacturing: deals with American producers, Mr. Barrow said the com- pany, Jaeger Machine Com-| pany, expanded its output by, convincing American manufac.! facturers that Jaeger, by mak-| ing their products in Canada, could make more money for the American firms, The conference in Montreal generated at least one sugges-| tion to the government that is} being favorably studied here--| the idea of a "clearing house' | where Canadian suppliers could HENRY F. BALDWIN OSHAWA PUBLIC UTILITIES COMMISSION Why does Oshawa enjoy To The Citizens of Oshawa: 1 am a candidate for election to the Board of Education . . . This must be something of a family trait _. . My father, E. A. Lovell, was actively engaged with the TANLEY E. LOVELL -- as a member to the -- Oshawa Board of Education find out what parts and supplies, one of jare being imported by Cana-| dian manufacturers, with the jidea of meeting the import com- petition The federal government's "Buy Canadian' campaign' is ---- aimed at manufacturers. "= But an Ontario government} ties Ltd., begame a division of/campaign is directed at con-| Morgan Trust. sumers through a major publi-| The Morgan-Campbell state- city program pointing up how] ment said that co-ordination of new jobs could be created if their full range of services;shoppers would look for a would take place immediately,|"made in Canada" label. VOTE to ELECT WM. T. WERRY TO THE Board of Education MY PLATFORM: @ Open Meetings for Press' end 'adio Oshawa educational system for approx- imately forty years . . . Therefore, since my earliest years | have lived in the at- mosphere of the Board of Education and it has been a three-times-a-day topic in our home for as long as | can remember. hydro rotes in the Province? the lowest Service Alliance By Trust Firms MONTREAL (CP)--The Mor-| gan Trust Company of Montreal and the Metropolitan Trust Company of Toronto announced a business alliance Monday combining their trust Services in Canada. The presidents of the two companies, J, Bartlett Morgan and John R, Campbell, joint statement disclosed signing of. a mutual agency agreement for Canadian oper- ations and their intention to ex- pand existing trust services at home and abroad. Morgan Trust was formed in 1916 by one of Montreal's older families and Metropolitan was formed last June in Toronto fol- lowing more than a year of planning by Canadian, Euro- pean and U.S, biyiness and banking interests. JOINED BOARD Recently Morgan Trust Vice- President John E, Smith joined the Metropolitan board of direc- tors following a stock invest- ment in Metropolitan by his firm. ' Two weeks ago Morgan Real-| See my advertisement in Saturday's "'Times". offering my services to the people of Oshawa as a member of the Board of Education, | am doing so as one who feels he is a debtor and anxious to pay in service a debt to the Oshawa educational system... To help, not only to maintain, but to improve -- where possible -- the system which has not only been good to me but to my children; and, | hope, to the generations to come. Your Vote and Influence Respectfully Solicited For The RE-ELECTION OF WILLIAM BODDY to the PUBLIC UTILITIES COMMISSION The City of Oshawa Careful and efficient con sideration will be given to all matters the operation of Electric, Water, Bus. Service and administration, We, in Oshawa, are rich in blessings; and, we should be -- and, | believe we are -- grateful for the foresight of those who have gone before and who have left us a glorious heritage in so many facets of our community life; viz, education, hos- pitilization, public health, public services, transportation and the many other mod- ern-living facilities, etc., etc. It is, | think, our duty to continue to support and maintain these blessings and thus pass on to those who follow us, still further. im- proved conditions and records of public service that will be worthy of us in our time. in @ Investigate possibility of Text Book Rental System in High Schools. Encourage Board te support the efforts of the Ci Council for the esta of @ University for Os! Vote WERRY on DEC. 3rd. STANLEY E. LOVELL ~--., Educated Centre Street (E, A. Lovell) School, Oshawa Collegiate and Vocational Institute, receiving a B.A. from the University of Toronto. > > > therefore, as a graduate of our education- al system and a firm believer in the rights of all individuals to receive and to ad- vance: the education of our young people limited only to his or her ability to absorb. VOTE and RE-ELECT +C.B.GAY AS ALDERMAN Honest, Conscientious Service and Economic Administration 10 YEARS EXPERIENCE President -- Jury and Lovell, Ltd. favored with a sufficient number of votes to be elected to the Board of Education, | will do everything in my power to be worthy of' this public trust. Director of the Oshawa Rotary Club. Director and Chairman of the Finance Committee, Oshawa General Hospital. I diate Past P t Oshawa Boy Scout's Assoc. Steward and Trustee of Simcoe Street United Church. for ALDER id Therefore, | hope that | might merit your MAN favor at the polls on Election Day. Married to Wilma Down, daughter of Alderman and Sincerely, former Mayor, Norman Down. : Stanley. £. Lovell : VOTE Stanley E. LOWELL on Dec.3 Your Interests are His Interests ! w WAP A