Ontario Community Newspapers

Oshawa Times (1958-), 22 Jun 1963, p. 4

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@ THE OSHAWA TIMES, Scturdey, June 22, 1963 OTTAWA (CP)--On May 18, The Financial Post, a Toronto business weekly, published an article that David Stanley and Martin O'Connell, Toronto in- vestment dealers, and Geoffrey Conway, a Toronto chartered accountant, were working for Finance Minister Gorlon in Ot- tawa. MPs of the Conservative and New Democratic parties imme- diately spotted the item and/a filed it away for future use. Thursday night, June 13, Mr. Gordon delivered his budget ad- dress in the Commons, The next morning in the Commons, near the end of the question pe- riod, burly Douglas Fisher Stanley of Wood, Gundy and Company, Mr. O'Connell of Har- ris and Partners, and Mr. Con- way, a post-graduate student at Harvard, had assisted him in the budget's preparation. Mr, Gordon sail the three men--referred to later by oppo- sition leader Diefenbaker as 'tinkerers"--had been sworn to secrecy and that he took full Phe? gered for the budget for the secrecy in its prep-! aration, In reply to further questions, Mr. Gordon said the three "'spe- cial consultants" had seen the final draft of the budget and that two of them--Mr, Stanley) and Mr, O'Connell--continued to! Small Article Leads To Government Furor said in reply to Mr. Diefen- baker that he hal made his an- nouncement before close of the stock exchanges because the government thought the decision|' should be made public as soon as possible. Mr. Diefenbaker Gordon's action was ble." Opposition members again de- {manded a special inquiry into the "whole transaction."" Some said there had been leaks on the Wednesday tax change but Mr. Pearson said he had re- ceived no evidence of any leak.| On Friday, Mr. Diefenbaker| said Mr, "'inexcusa- Honor Father, Mother Is Text At Enniskillen By MRS. RUSSELL GRIFFIN ENNISKILLEN -- A large congrigation attended Church service on Father's Day to hear W. Crawford's special service. Mr. Orawford's text was 'Honor thy father and mother, \ment with promise." | The Choir number was led by '\Mrs. E. Wright, "In ieeviely |Love Abiding." A beautiful basket of flowers was on the communion table in memory of the late Mrs. Bertha Oke who has several relatives here. A, J. Werry the Sunday school 'Superintendent completed his ible Study sessions on "'Cre- lation" in the opening worship. i met at the Church in the base- ment on June 17. Their next meeting is to be recreation with group one in charge. Mr, and Mrs. E. Trewin, Do- een and Donald attended De- coration Day at Pine Grove Cemetery Sunday and were tea guests with Mr. and Mrs, Wil- bur Vance, Port Perry. t Mr. and Mrs. George Irw', Donna Gail and Rodney were Sunday visitors of Mr .and Mrs. Bruce Irwin at their cottage at jwhich is the first command- Stoney Lake, Mrs. Clifford Hetz, and girls, Fairview, Penn., spent the weekénd with Mr. and Mrs. Lorné Lamb, Mrs. Alan Wray, and baby, Bowmanville. They retuned home with her aunt| for a week's visit. Mr. and Mrs, Gilbert Graw-) barger and Jackie, Restoule,| are visiting with Mr. and Mrs. . Lamb, Rev. and Mrs. E. J. Kerd sey, and family, Toronto; Mr.) and Mrs. MAY EQUAL NHL | SEATTLE (AP) -- The West- ern Hockey League will become a major league by the start of the 1965-66 season at the latest, Al Leader, league president, said Friday. "It's coming as sure as tomorrow's sunrise," Leader said. He said the WHL's agreement with the National Hockey League expires in Au- gust, 1964, and the league will no longer be subject to the player draft, In 1965, it would |have the necessary major league rinks. OPFOR GOT S™ fA $ ATURDAY The Sensational... 4 asked for an investigation of the} Pee ae Caen eaten Sock trading "by 'Harris and), Miss Lois Asbton attended Partners during the two days|two special events for Gr, XIII (NDP--Port Arthur) quietly put K. this question to Mr, Gordon: Pooler, and/ family; Misses Cheryl, Cathy'§ "eseyrmggpen anette 5 AN HARA SUSPECTS ARRESTED -- with the brutal armed rob- bery of a 67-year-old Metcalfe widow last Seturday night. Mrs, Alex Fraser was beaten and robbed of $200 cash and $1,000 in jewellery at her farm house near Metcaife by. a man and woman et mid- night. (CP Ww inephoto) , Indigestion Sets In After Liberals Budge By GREG MacDONALD Canadian Press Staff Writer Investors gulped down last week's budget with seeming in- difference but this Wednesday ae indigestion set in. " | The first two days of trading 'this week were rather placid and colorless but at the open- ing on Wednesday prices sud- ly began to dive and inves- rs began recalling the slump- g performance of May 28, 1962, Lars industrial stocks took their most severe pounding since 1929. Behind the drop was the 30- -cent takeover tax on large Block sales to foreign buyers. Investment men_ generally were in favor of the aims of the tax, but decided it would cut ) down foreign investment with not enough Canadian buying available to replace it. It was the second look that * started the plunge Wednesday. By mid-session on the Toronto and Montreal markets investors were beginning to talk about "Black Wednesday." But in late afterncon--while the markets were still open-- Finance Minister Gordon an- nounced he was temporarily stock composite went down 1.9 to 224.0. A brief flurry occurred near noon when rumors began to cir- culate that Mr. Gordon had re- siged but they wee quickly quashed and the losses contin- ued. One broker commented the le- cline was simply "stock market emotionalism" but some anlysts| felt it was due to indications that Wednesday's announced withdrawal of the tax would only be temporary. However, many brokers inter- preted Mr, Gordon's comments in the Commons Thursday to mean that the tax had been withdrawn indefinitely. Mr. Gordon said on Friday the withdrawal was pending a solu- tion to administrative lifficul- ties. If they couldn't be re- solved, the tax "'will not be re- introduced but some other method will have to be found to prevent the takeovers of Ca- nadian companies." PRICES LEVEL | In any event, prices on Fri- day began to level off. Buyers outnumbered sellers and the Toronto index showed a gain of 2.76 to 635.33. index t In other developments, Sha-} winigan Industries Ltd. rights were taken off the boards in Montreal and Toronto on Thurs- day--txe final day for subscrip- tion of shares of the company forme! after a power takeover by Quebec Hydro. The rights were first listed April 25 and at one time sold as high as $1.75 each but closed at % cent each on Thursday. The rights entitled the holders to buy shares of Shawinigan In- dustries at $5 a share. Shares of Shawinigan Industries were listed on the Toronto and Mont- real markets Friday but there was no trading in the stock and a market value was not estab- lished, Speculatives were active dur- ing the week--especially Tribag and Cusco. The latter was one of the few stocks on the Toronto market to turn over more than 2,000,000 shares in one day. It tradel 7,000,000 on the week but dropped one cent in price to 31 cents. The company has found a gold deposit on its property in Quebec. Tribag churned over 1,267,000 shares and gained 68 cents to $2.75 a share on news of a copper strike north of Sault Ste. Marie, Ot. withdrawin, the tax b of ae administrative difficul- Othe announcement hit the trading floor in Toronto at ap- proximately 2:52 p.m. and the consequent scene was one of bedlam as traders -- most of whom had been sitting on the sidelines all day--scrambled to exercise buy orders. MARKET TURNS UP The result was an abrupt turn which saw the markets climb out of a nosedive and onto the plus side. Offieials in Toronto called the rise in the last 30 minutes of trading "unparalleled" in mar- ket history. The Toronto 20- stock industrial index which had been down 9.95 at 2 p.m. to 628, 79 finished the day ahead 1.55 to 640.29. Key industrial issues which had been down as much as $2 or so bouncel into the gains bracket. But the spree didn't last. The markets turned sullen on Thurs- day and prices began to slide once again. At Toronto the in- dustrial index dropped 7.72 to WHITBY PERSONALS Recent weekend visitors at the home of Mr. and Mrs. H. Myers, 213 Pine street were! Mrs. James Duff, Toronto and) Mrs. William Duff, St. Cathar.| ines. Mrs. Dan W. Batherson, 319) Centre street north is now con.| valescing at her home after un- dergoing surgery at the Ajax, Pickering Hospital. Her friends wish her a speedy recovery. Steven Bowman, 201 St. Law. rence street celebrated his 13th| birthday. For the occasion a family dinner was arranged. St. Mark's United Church 4) W's Club are holding its annual family picnic this Saturday, June 22 at Spring Hill Park. St. Andrew's Presbyterian Church Young Women's Group are holding a pot luck supper, 632.57, while at Montreal the 85- Detroit Site For Negro Protest DETROIT (CP)--They're not giving odds on whether violence will mar a massive Negro pro- test march through the streets of Detroit Sunday. troit. The visitor is told certain bars are "colored" or "white."| tronized by either all-Negro customers, or all-white clien- Monday, June 24, at the home J Restaurants appear to be pa-| of Mrs. Warren Mowat, 208 On. tario street. Bernie Yaroff, 121 Raglan Street is celebrating his birth- day today. Friends of Mr. Yar- off wish him a happy birthday. Mrs. K. Ireland, Ontario | County South Regional CWL | Social Action convener assisted at Sacred Heart of Jesus CWL Uxbridge in presenting the Adoption Campaign Program at their parish, June 19. Miss Verda Packer, Ontario| County South Regional CWLi, "Can the minister assure us that he and his government of- ficials alone prepared the bud- get speech without the assist- ance of outside consultants or ghost writers from Toronto?" This seemingly innocent ques- tion led to one of the most hec- tic anl unsettling weeks for any finance minister in Canadian | history. DEMAND RESIGNATION The opposition demanded the ; jresignation of Mr. Gordon, 57- year-old sophomore MP but ex- perienced business executive. Prime Minister Pearson stoutly |defended his embattled minister | but by the end of west ke eih there were indications that Mr. Gordon had delivered his first and last budget. In sooty to Mr. Fisher's origi- nal question, Mr. Gordon said merely that he had had assist- }ance in preparation of the bud- ~ | get from a "great many peo- ple." Five hours iater, however, Mr. Gordon made a prepared statement admitting that Mr. Durham County 'Farm Calendar! BOWMANVILLE -- The fol- lowing calendar of upcoming agricultural events in Durham County was released by the De. partment of Agriculture in Bowmanville. June 27 -- 8 p.m.: Otonabee River Conservation Authority Meeting, Dept. of Agriculture, 164 Hunter street, Peterborough, Tuesday, July 2, 7.30 -- Dur- ham 4H Potato Club meeting, Marsh Hall, Wednesday, July 3, 730 -- Durham 4-H Automotive Club, Department of Agriculture Bowmanville Constable Armi- tage, guest speaker. Thursday, July 4, 8 a.m. 4-H Bus Trip to Federated Col- leges, Guelph. Friday, July 5 Durham County Junior Farmer's: Field Day, Boys Training School. Tuesday, July 9 -- Durham 4-H Poultry Club, farm of Ron Brooks. Wednesday, July 10 -- 4H Beef Club Meeting, farm of A. R. Morton, Kendal. Thursday, July 11, 7.30 -- 4-H Sheep Club meeting, farm of Glen Glaspell, Oshawa. Tuesday, July 16, 7.30 -- Mill- | brook 4-H Calf Club meeting. | Place to be announced. Wednesday, July 17 -- Dur- jham County Holstein Club Twi- light meeting at the farm of H, Trewin, Blackstock; 4-H |Dairy Calf Club meeting at Twi- light meeting; Hope +H Calf Club at Twilight meeting. Thursday, July 18 -- Ontario County. Land Judging Competi- tion at Manchester. Saturday, July 20 -- District Junior Farmer Field Day, Me- morial Park, Peterborough. Tuesday, July 23 -- Durham County Land Judging Competit- tion. Meeting for 4-H Grain, Si- lage, Apple and Potato Clubs. | August 7-10 -- Peterborough Fair, Junior Day, August 7. Spiritual convener represented| the chairman, Mrs. Gergory Carter at the Toronto Arch. diocesan CWL executive meet- ing held June 21 in the Colon. ial Room of the King Edward) Hotel. Mrs. Daniel Donovan) Archdiocesan president chaired the meeting. | The many friends. of Mrs, | ohn Beard, 916 Perry street| are happy to learn that she is| }now convalescing at her home| after a stay at the Oshawa era eral Hospital, they wish her a complete recovery. DANCE PARTY DOUG KEMP & HIS ORCHESTRA \ g PAVILION z ° oO * ~ .&% DOUGLAS 'APPALLED' T. C. Douglas, NDP leader, said he was "'appalled" at this, disclosure and Mr. Diefenbaker| said outside consultants, no} matter how honest, should not be brought in to help write the| budget because could be made." On Monday, the opposition un- successfully sought an emer- | gency debate. Mr. Diefenbaker said Mr.| Gordon had committed a "fla- grant departure from constitu- tional budgetary practice' and had imperilled budget secrecy. On Tuesday, Stanley Knowles (NDP--Winnipeg North Centre) accused Mr. Gordon of mislead- ing the Commons and violating the Financial Administration Act by saying the three con- Sultants had been appointed by cabinet approved _ treasury board minute. Mr. Gordon said he didn't think he had misled the Com- mons but "'if I did, I apologize." SUGGESTS OPINION written opinion be obtained from the justice department on the legality of the appointments, And he promised to consider Mr. Diefenbaker's proposal that a Commons committee investi- gate the entire case ani hear testimony from the consultants and their firms. On Wednesday, some 40 min- utes before the close of the Montreal and Toronto stock ex- changes, Mr. Gordon announced suspension of a key clause in his budget: a 30-per-cent take- over tax on large sales of stock in Canadian companies to for- eign investors. The stock market reacted quickly and Mr. Diefenbaker said "large windfall profits" were made. Servative finance minister,| charged Mr. Gordon with al "stupid procedure." QUESTIONED BY DIEF Asked by Mr. Diefenbaker| whether he had told anyone} about withlrawal of the securi- ties sales tax before announc- ing it in the Commons, Mr. Gordon said: "I did not make any stgte-| ment to anybody else until I came into this house other than) the prime minister and certain members of the cabinet." Under opposition questioning Friday, however, Mr. Gordon said he had informed the dep- uty finance minister, assistant deputy finance minister and Mr. Stanley, Mr. O'Connell and Mr. Conway. On Wednesday, Mr, Diefen- baker, Mr. Douglas and Mr. Fisher asked for a study of stock market trading immedi- ately before the budget. Mr. Fisher said there had been ac- celerated selling of oil company stocks. In the budget debate, Mr. Nowlan moved a non-confidence motion which said Mr. Gordon had weakened public confidence by "'failing to maintain the con- Stitutional practice of essential secrecy of the budget." EXPLAINS TIMING On Thursday, Mr. Gordon acest DANCE TONIGHT | Old Time -- Modern ADMISSION--$1.00 4 | OSHAWA RECREATION COMMITTEE SUMMER PROGRAMMES --- 1963 PLAYGROUNDS -- o veriety p di 4. George Nowlan, former Con-| |before the budget and of any pipeline transactions by Wood, Gundy and Company in the week before the budget. Mr. Pearson said he'd look! jinto. the matter. Clifford Smallwood (PC--Bat-| "illicit profits| tle River - Camrose) asked: |Toronto, "Why wait does he (Mr. jsign now?" 'til spring? Why Gordon) nof re-| -- a banquet at Courtice High |School sponsored by the Stu- jdents' Council for Gr. XIII stu- dents and a class party at the jcottage of John De Coe's family jat Stoney Creek. Mr. and. Mrs, were their cousins, Mr iC. Ashton D. J. Napier, recently with and Mrs, 0.) The 1D} mnniskillen Re People | WELL WORTH THE SHORT DRIVE OVER... . "THE WORLD OF SUZIE WONG" WITH WILLIAM HOLDEN ond NANCY KWAN RECOMMENDED ADULT ENTERTAINMENT NOW ...2GREAT HITS [ JAMES STEWART WENDELL COREY ALSO REAR W ney 7s EAR WINDOW" GRACE KELLY THELMA RITTER WITH BOTH IN COLOR @ ALWAYS COLOR CARTOON | Mr. Pearson suggested that a/ BOX OFFICE OPENS 8:00 P .M. @ INCLUDING SUNDAYS CHILDREN UNDER KIDDIES PLAYGROUND wo EREE "Vibrations" BEACH HOUSE OSHAWA ON-THE-LAKE and Cindy McCune, Oshawa:) Mr, and Mrs. Len Player and/ Tommy, of Bowmanville; Mr. and Mrs. J, Lyon and family,! Mr. and Mrs. S. Kersey, Hamp- ton; celebrated Father's Day on} the lawn at Mr. jo Ashotn's. | and Mrs, Har-| FEATURE DAILY AT... 2:25; 4:55; 7:15; 9:35 TWO GREAT FEATURES IN COLOR Q LAST 2 DAYS! 2 TODAY and SE STARTS MONDAY Se "The CHILLING TERROR + Thet Tokes YOU tate a Twisted Mind! | "PARANOIAC" ----with-- JANETTE SCOTT | OLIVER REED Recommended As ADULT Entertainment 4 \¢ i 300 Spartons'"" -- Color "5S Weeks in a Balloon" -- Color STARTS MONDAY pee MONDAY ADDED THRILLER! To Meke Your Blood Curdle! "CURSE OF THE UNDEAD" --with-- ERIC FLEMING KATHLEEN CROWLEY The Story of MARILYN MONROE "MARILYN" NARRATED BY ROCK HUDSON ADDED ATTRACTION "The Sheriff of Fractured Jaw" | AUDIE MURPHY | BARRY SULLIVAN "Seven Ways From Sundown" IN COLOR RIC Plus "NIGHT TIDE" ' DORIS DAY REX HARRISON a1 in "Midnight 'MONDAY HE CONQUEROR" DRIVE OUT * TONIGHT * A COLOR CARTOON! ALWAYS TONIGHT @ SUN WITH JAYNE MANSFIELD PLAZA Iie Pin. & NDAY ONLY Well worth a trip to TORONTO! ® CTAB IMIR _RKGARD BURR ROX HARRISON DAY @ MONDAY BOX-OFFICE OPEN AT 8:00--"Pirates" Starts At 9:25 Ecstatic ORLD'S LUSE "EXOTIC ESt PARAD EXCITING MUSIC JOH MANA CLEOPATRA TODD-AO MAIL ORDERS PROMPTLY FILLED UNIVERSITY THEATRE 2 SHOWS DAILY MATINEES 2 P.M, EVENINGS 8P.M. ; Plane bind ics SUN, 2AND 7.30 MATINEES BALCONY ORCHESTRA LOGES EVENINGS BALCONY ORCHESTRA %3.00 LOGES $3.50 all prices Include tax endey h Fri- day from July 2nd to -- oo -- 9:00 A.M. to 11:50 A.M. and 1:00 P.M. to 5:00 P.M, Programmes will be conducted et Rundle, Redio, Thornton's, Valleyview, Fernhill, Nipigon, Brookside, 7 Heights School, North Oshawa, y Court, C ght, and Dr. S, J. Phil- lips School, Weodview, Beker 'Memoriel, Bothe, Eastview, Bll Kingside, Veterans Tot, Cowan, Herman, Southmead, Loke Vista and Storie. SPECIAL INTEREST GROUPS -- d for. child Seetereed on a club basis once or twice weekly. ARCHERY CRAFTS PUPPETRY LAGROSSE DRAMA TENNIS HIKING & NATURE STUDY GAMES & GYMNASTICS PROGRAM SKETCHING--DRAWING--PAINTING for boys seven to thirteen years inclusive. A' real comping experience during the day time. Day Camp to be held from July 29th to August 2nd, TRACK & FIELD -- A Big New Program this Lesa bsg support of the Canadian Legion this club will op ible afternoons) each week day. Program to include Training, individual and Team Competitions with several Local end District Meets. FOR REGISTRATION AND FURTHER INFORMATION CONTACT THE RECREATION CENTRE, 100 GIBB STREET, TELEPHONE 725-1111 jtele, and even some gocery stores appear to cater to only one or the- other. "The thing 'called racial ten-| sion is not too great in Detroit but this is a big city and the possibility of trouble always ex-| ists," Police Commissioner; George Edwards said. Detroit Negro lawyer Ramon Keith has approached Michi-| gan's attorney-general, Frank! J. Kelley, asking protection for! the demonstrators. Kelley said a meeting with! the state police -commissioner| had been planned before the re- quest Was made, but he added| he expects the protection will) be on a "what we can do" ba- sis. At last count approximately| one-third of the city's popula-| tion was Negro, Of that num- ber, more than one-third are crammed into a small sector of| the city's east side. for the ALTERNATE. Please send me, for the,, ayes = Cheaue or money order tor $.., NAME ADORESS...,.. erry... The Walk to Freedom planned by the Detroti Council for Hu- man Rights is expected to in- clude 100,000 persons making a peaceful parade in sympathy of the plight of southern Unitel States Negroes. But parade and city officials agree anything could happen. The Sunday march falls by coincidence on the 20th anniver- sary of a vicious race riot here that left 35 persons dead and scores wounded. "We can't predict with any certainty a serious outbreak of racial conflict in Detroit, but we have the potential for se- rious trouble," said Arthur L. Johnson, executive director of the Detroit chapter of the Na- tional Association for the Ad- vancement of Colored People. TENSION EXISTS Racial tension has come to be| Bp part of everyday life in De- $2.00 $2.50 $3.00 $2.50 jressed envelopes. ITY THEATRE, TORONT® Out-of-town orders MUST include bank exchange charge, RESERVED SEATS ONLY! PREMIERE WEDNESDAY JUNE 26 WINIVIEIRS MO ihe 100 BLOOR ST.W., PHONE WA, 4-2581 NEARBY MUNICIPAL PARKING THIS 1S ONE OF SEVEN THEATRES IN CANADA TO EXCLUSIVELY PRESENT "CLEOPATRA" DURING 1963 PLEASE NOTE! CLEOPATRA SOLD OUT SHOWN FIRST STARTING AT 9:25 WED. THURS. FRI. EVENINGS JUNE 26, 27, 28th. RESERVED TICKETS NOW ON SALE AT REGENT THEATRE DUE TO FREE! OSHAWA |UNPRECEDENTED ADVANCE SALE WE REGRET WE CANNOT ° DRIVE-IN THEATRE |SERVICE ANY PERFORMANCE PRIOR TO JULY 14th. * 723-4972 aes with specific interests, DAY CAMP -- NOTE: MONDAY ONLY "BLUE HAWAII" WILL BE CHILDREN UNDER TWELVE ~«

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