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18 THE OSHAWA TIMES, Wednesday, April 22, 1964 NET EARNINGS BUSINESS SPOTLIGHT Lté., year ended Dec. 31: 1963, $90, cents a share; 1962, By THE CANADIAN PRESS Businessmen Win Drive For Degree | Banff Ol Ltd., year ended| Dec. 31: 1963, $1,884,034 cents a share; 1962, $40,624, 1 cent, (Most of profit increase from sale of non-recurring as- sets.) Turnbull Elevator Ltd., months ended Feb. 29: 1964, $314,985; 1963, $512,914. Dupuis Freres .Ltee., .year bui jended Jan. 8: 1964, $516,037; 1963, $280,031. Charter Credit Corp., year ended Dec. 31: 1963, $85,012, 39 cents a share; 1962, $35,675, 1644 cents, .| Devon-Palmer Oils Ltd., year ended Jan. 31: 1964, net profit, $172,065; 1963, net loss $114,638. Algonquin Building 4% g|share; 1963, $2,950,000, Credits '7, 64 a $108,786, 96 cents. Imperial Oi] Ltd., 3 months lended March 31: 1964, $20,700,- 65 cents a share; 1963, $19,- ,000, 61 cents. Crown Zellerbach Ltd., 3 ths ended 1964, $3,468,000, Canada March 31: cents @ 39 cents. Kerr Addison Mines Lid., 3 months ended March 31: 1964, $956,643, 1314 cents a share; 1963.. (No comparison availa- ble). INSTALLS COMPUTER BALDOCK, England (CP)--A lingerie firm in this Hertford- shire town is installing an elec- trie computer to keep up with fast-changing fashion trends. discoveries in northern Banner Year Ahead For Oil Industry EDMONTON (CP)--Two new Alberta, coupled with a green light for development of the rich Atha basca oil sands, has given 1964 the lustre of a banner year for the oil industry. A strike at Lesser Slave Lake, 125 miles northwest of Edmon- ton, sparked renewed interest in northern exploration and 11 rigs have been drilling in the area off the southeast tip of the lake. Imperial Oil Enterprises Limited paid $1,829,760 for drill- ing reservations on 11 quarter sections after drilling the dis- covery well. Company, 000 cels in the same area. A team of California Standard Standard Oil Com me Oil Company paid $1,223 lome Oi! iy paid $1,225,- for another 11-quarter par With most of the attention fo- cused on Slave Lake, one of Canada's finds passed with little fanfare. It is about 100 miles south of! the Northwest Territories near' Zama Lake. most northerly oll Imperial Oi] made the discov- ery and Placid Oil Company paid $331,252 for 10 quarter sec- tions about four miles from the annual revenue totalled $134, 359,000. The industry faded in 1958 and gradually regained ac- tivity until 1063 when the an- nual revenue from oil totalled a record $139,578,000. CALGARY (CP) -- British American Oil Oo, Ltd. said Tuesday its Goose River devel- lopment area "suggests another fhet aeey, well rival selghboring may rival nei; i pools such as Kaybob and Snipe Lake.' The company said nine consecutive successful we l'ls have been completed in the area 150 miles northwest of Ed- monton, and another two now are drilling. discovery well, 280 miles north west of Edmonton. Drilling rigs, however, have not rushed into the Zama Lake area because of the spring breakup. FIRST SINCE 1957 The two discoveries are the first strikes in Alberta since the rich Swan Hills field was opened! in 1957. Another boom to the oil in- dustry this year was the Alberta government decision to allow Great Canadian Oil Sands Lim- ited to proceed with construc- tion of a $190,000,000 plant to extract oil from the vast and richly endowed Athabasca oil sands, Since oil was discovered at Leduc in oa the cwrgie gov- ernment has received $1,350,-\during the first quarter of 1964 000,000 in of] revenue. It reached were ip eight per cent over the its first peak in 1957 when thej1963 period to 43,691. 8 Steel Makers Deny Price Pact NEW YORK (AP) -- Eight large steel producers pleaded not guilty Tuesday to U.S. fed- e eliminate price competition in The firms were United States Steel Corp., Jones and Laugh- lin Steel Corp., Anmco Steel Corp., Republic Steel Corp. and Wheeling Steel Corp. James P. Barton of Pitts- burgh, former products man- ager of sheet and strip products with U.S. Steel, also pleaded not guilty to the same charge. The defendants were indicted April 7 by a federal grand jury. SALES RISE Sales of new cars in Sweden Cuts Prices On Market on the stock market Tuesday as profit taking cut prices after two days of spectacular gains. 15% after reaching a 15% on 47,369 shares traded. Despite losses experienced on ium 10 cents to 40 cents, .Bel- leterre five cents to 63 cents, MinOre four. cents to 37 cents and Central Porcupine one cent to 15% cents. Jelex gained two cents to 42 cents and Bankfield one cent to 16% cents, Industrials were strong, with bothi the industrial and ex- change indexes rising more than a point to record levels. Among selected industrials, Ford Canada rose seven points to 193, Lura Second 2% to 21%, Home A 1% to 185%, Home B 1% to 18%, Canada Packers A and B one point each to 76 and National Trust one point to 27%. Oshawa A rose two points to % to 50 on news of i earnings. In senior metals, Faiconbridge advanced 1% to 70 and Hudson Bay Mining 1% to 69%. Calgary and Edmonton gained 1% to 23, and Dome Petroleum % to 17% among senior Western oils. The exchange Index was up 1.60 to a record 142.23, indus trials 1.70 to a record 152.04 Western oils 3.28 to a 1964 higty of 93.67, base metals .11 to 66.36) and golds fell .86 to 131,35. DIVIDENDS By THE CANADIAN PRESS Bank of Montreal, 5244 cents, June 1, record April 30, Dominion 'and Anglo Invest- ment Corporation Ltd., five per' cent pfd. $1.25, June 1, record May 15. Kerr Addison Mines Ltd., common 10 cents, June 18, rec- 1, George Weston Ltd., class A 114% cents, class B 11% cents, July 2, record June 12; 4% per pid, $1.19%, six per cent Hy U3 NEW NAME IN _ ANOTHER LOBLAW FIRST! LOBLAWS NEW PROTEN* METHOD OF PREPARATION MAKES AVAILABLE... e MORE BONELESS STEAKS AND ROASTS « MORE VARIETY IN OVEN ROASTS e MORE BROILING AND BARBECUE CUTS GUARANTEED TENDERNESS! THE FINEST BEEF ANYWHERE! BLADE ROAST SCOTCH OVEN ROAST BONELESS BELMONT OVEN ROAST BOSTON OVEN ROAST BONELESS S BRISKET » POINT THE MIAMI ROLL BONELESS NIAGARA BROIL STEAKS BONELESS Po wid cL WING STEAK PORTER- HOUSE T BONE 3 CANADIAN POT ROAST BONELESS Ren BEEF TENDERNESS NIAGARA OVEN ROAS KEY CLUB STEAKS BONELESS MANHATTAN OVEN ROAST BONELESS HEEL OF ROUND DENVER OVEN ROASTS BONELESS PENTHOUSE OVEN ROASTS BONELESS BOSTON BROILSTEAKS BONELESS the carbon steel sheet industry. Steel, Bethletrem Steel Co., Na- *' tional Steel Corp., Great Lakes ° ' " ' Cf LER EP LS ot oo Pee eC ee eRe TOO OO