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THE OSHAWA TIMES, Thursdey, July 14, 1966 19 al Se I Bi FITEI ITLL | RITSINESS SPOTLIGHT Se caste B.C. Water - Soaked Logs Saved By New Gimmick The other is a bit more sticky, and involves govern- ment. : DAY 635 60 $10% $23% 962% $13 $17% 363% Re stocks ree, i 10: AM. Distributed by CP jons in cents unless marked $. lot, xd--Ex-dividend, xr--Ex- Fo age ar ae thi Net is from previous board-lot cicting sale. 10% 29% a 6; 3% 7% $8) $15% 15% 15% Paes Tire A 2625 Westing 240 Sian Wp 50 Chrysler surface.' Then we 'halt the tug abruptiy and, presto--we have a floating log, which can be By JACK BRAUCKMAN wh wh wh 4% NEW WESTMINSTER, B.C. n n 5 u 0 136 npn 9 W 15% 15% 15% 7 7 @ "4 uw 9% 19% 194 25 70S 705 705 a 42 &@ --" Fi ---3 4 +1 --"" +5 +6 "4 8 2% 20% 20% % 6% % 370 370 % 9 2 w n i al 18 1 $15% 15% i] W% + '" us +3 4 Si 139 1a ta 1514 154 15a + 4 0 143 36 "4 13% 12% 1 2 oN WA+) 2 12% vane t % 8 Va x" ag = +% "en La es ' 19 bt} 18 = 2 00-2 yo 51 r # ---2 7 # 1 --} $114 11% Wie + % S 255 235 235 --I7 ow # --1 $2 627% 2%--1 S11% 11% 11% joo 42 a2 pi) 165 65 9 52 5 +10 230 168 +5 +1 --" +1 "6 S& a 44 l4h--ie 4 Be BM 4 16 Wels ar) "4 644 2% 2% 9 605 4) 0 130 130 10 -- $10%. 10% 10% 00 330 330 330 896 $12% ae 12+ Ve 5 510 We 24a 4) WY Pick Crow Pine Point Placer Preston Probe M Pyramid Ww -- 230 462% Pri ray 1460 15% + Ve 2000 2888 100 1% 183815: 50 6+ 1 by fag + 7 $27 26% -- Ve *% 4 tm Ve 1390 (127 «1299 «+41 $15% 15% 15% Jove 10% 10a -- V2 cet # 110 127 305 oe 520 170 4) 580 3s "+h 120 9if? +5 2: 125 =? 2000 % 21% 214--1% OILS, GAS 21 2% M4--% ooo "a 2 has 000 37 oO +) 00 White Star Wilco Wr Har; Yukon Zulepe 3000 7000 100 360 3 $19% 19% 19 + 4 310, 310 «310 --10 S10 10% 10e-- 190 (180 (150 le Int Helium Mill: City N Amerien Numac Permo Place G Provo Ges R r 'ange Scurry Rn rid Ol 2 W Decit w 500 iT) INDUSTRIALS Nn +% 2M -- 1% 500 225 225 "4 14 Abitibi Hi s\i*% iene Ws ata | Silosses. 121 Cominco 55 Computr Con Bidg Cons Gas Coronatn Crwn Trst Crush Intl Cygnus pr Dale-Ross Disti Seag 1 $12 1000 100 450 1 zi0 2100 $2 125 Ve 31% -- Ve 20% 20% W% 23% -- \ nu +% Domtar 7% D Textile D Textile p "6 z3 sie % 50 $34 4 64 18 sph Du: 43% Eddy Mtch M4 ry + Falcon Fed Farm Fed Grain Ford Cnda Fruehauf GM 25 215 "regs 500 a 400 asst 1% 16 $0 250 $287 200 GL Paper 317% 25 Greyhnd Hard Crp A Hawker §$ Hayes Sti Horne Pit 1% 17% + % $43V2 432 43% 5 450 440 450 1000 $11% Veal Mace 1405 275 270 400 +10 500 $21 21 21 $13% 13% 1% $56¥2 S62 562 500 580 nt 580 726 $\8'2 18% $545 700 $14%4 ind Accept 250 $214 Inglis 300 $10% Infand Ges 250 $9% Int Nickel 950 $98 int Util 50 $28% Int Util pr 125 $30¥2 Intpr Pipe 85 $79% Intpr_ Steel 100 $7% 150 $11% 460 480 $4 42 144 6% bY = -" Sg --10 54 44 + a 214 wW2-- Vv 9% BJ 28% 3000 225 515 150 250 Kelsey Co Lav Fin evy Life inv wt Lob Co A 725 100 Hows aM Ove $10%4 10% 10% + Ve) $439% 43% 49% + % 7 DB +R $27 27 $5% 5% $214 214 pha z Va $362 36 $172 7% Rie %e 460 «460 $13% 13% "its +% 310 «310 $17) 067 $845e 84% $8% 8% $27% 27% $8 $53% $13% $l4a $11 350 $12 300. 185 Price Bros 2980 $15\4 Gas S15 $13% $5ve $27% 20 $73 72% $93 - + 2000 46 175 $21% tv 2% + 100 $272 27¥2 274 970 690 690 690 200 $1414 144 14% 217 $15¥a 15% 15% 3780 $33 3131 226 $17 = 1634 16% 200 $12% 12% 12% 100 1980 9800 200 7 845% 18 53% 13% li fe NW" 1% 2. «12 185 «(185 15% 15% 13% 13% 5Ve 27% " hell Can hell inv p hell Inve w Shop Save Silverwd A Simpsons impson later Sti tatford iT Radio iteel Can Suptest od T N $1 $25% Trader A p $25¥a Tr Can PL Tr Can Pip TrCanP W Trans: Mt Un Carbid $33% $48 990 $162 16% 16% 324% 247-- 247% Un Gas $11% 11% 11% -- % U_ Sections $5 490 490 +10 Versafd 45 410 415 +5 Versatile $2.2 2 $15% 154 15% $30% WA WA-- $272 27¥2 272+ Va $4 3 319% 18% $21% 21% Sales to 11:00 a.m.: 876,000, 2 19% 2%+% Weston B 100 Add Toronte 10:48 a.m. stocks FOREIGN Vian t had Argosy 500 44 Deerhorn 2000 Midrim 1000 Multimin 500 Place rh 52 275 230 100 52 500 1000 us 595 2% Steep Rock YK Beer STOCKS TORONTO (CP) Indus- trials moved lower while other major sections of the market! advanced, with golds reaching a| high on index in active trading on the Toronto Stock Exchange Wednesday. Golds advanced 2.14 to 186,54. Mcintyre Porcupine paced the rise, gaining 3 to 101. Dome 200 100 00 2 and Giant Yellowknife gained) \% each to 52% and 13%. Uraniums, which reached highs Monday, were mixed. Denison, which touched a high of 65 Monday, gained 1 to 63 while Roman Corp. fell 4% to 15%. Rio Algom dropped 5% to 26%. In senior base metals, Nor- anda fell % to 53%. Falcon- bridge gained \% to 98. Industrials took fractional Toronto Dominion Bank fell % to 62% and Bell Telephone and Canadian Im- perial Bank of Commerce % each to 50% and a 1966 low of 62. Distillers Seagram lost 4 to 32 and Algoma Steel % to 28%. 5¥e-- Ve} ,\com: $19% 19% 19) z~ velidea. We 27 | 54+ (CP)--Hank Johansen is trying to get people to make a lively |business out of deadheads. Ca ter fi . Johansen, harbor mas- the Fraser River harbor sion here, has come up with a' gimmick that floats wa- ter-soaked logs so they can be towed to a mill and converted into cash. The deadhead--a log that has become heavier than water at y.jone end, and lies almost vertical 2060 $9814 9814 98% + | jin the water with only a small ur |portion near the surface--is a jmenace to navigation. Clearing Pag iis +%|the waterways is Capt. Johan- e We + u%\sen's main purpose in promot- ing his invention. "All it is really, is a gimmick ad --a new application of an old take two floats, con- nect them with a rope that has swivelling corks attached, and place the rope under the light end of the log. "Then we hitch on to the log with a choker-chain and run the tugboat full ahead. The float mechanism rolis back as_ the log comes up parallel to the part of a boom. MAKES FOR SAFETY "The prime object in our us- ing this system is to show sal- vage and mill operators that it is economic to haul the dead- heads up. This means money to them, and means greater safety for pleasure and com- mercial craft," Capt. Johansen said. The harbor master estimates an average 1,200 logs a month are being changed from dead- head to live-log status by using the device. The harbor commission em- ploys salvage crews to keep the river clear, and some independ- ent operators also are using the dual-float "water wings' sys- tem. Deadheads represent a loss of otherwise valuable lumber, but two factors combine to reduce interest in their salvage. One of these, the problem of handling a deadhead, may be eliminated by the Johansen method, Ontario Makes Big Pitch For South Europe Trade MILAN (CP) -- Dr. Antonio representative in southern Eu- rope, is a strong believer in mixing business with pleasure. Acting on the theory that ex- port business can be drummed up where wealth goes to play, hig the 42-year-old Sicilian - born economist this summer plans to wave, the Ontario Trade Cru- sade 'banner in the fashionable Ligurian Sea resort of Viareg- gio. "This is one of the areas where the Italian business com- munity concentrates in the va- cation season," he said in an interview in the Ontario govern- ment's Milan office in a posh apartment-cum-office block on the Via Filzi across from the Pirelli skyscraper. At Viareggio, whose sands attract Some 200,000 sunshine- seekers, Dr, Santamaura hopes to repeat the success of a "Buy Ontario Week' he organ- ized in January at Cortina d'Ampezzo. In the swank Dolo- s|mites winter sports resort, be- decked with Canadian flags, vacationers were entertained by an Italian - Canadian hockey team flown from Toronto, found Ontario goods prominently dis- played in specialty stores and had an opportunity to hear talks and see films on Ontario--and Canada. 'In Italy, it takes a lot of patience and the correct psy- chological approach to do busi- ness," he said. "Everything here is much more personal and less objective than in Can- ada." 20 TRAINED AS LAWYER Dr. Santamaura, son of a for- mer deputy police governor of Milan, now is a Canadian citi- zen and for eight years has been with the Ontario govern- ment. He claims an impressive list of qualifications for his job asa Saitsman for fis province in the Mediterranean region: professional training as lawyer and economist; fluency in Ital- ian, English, Spanish, French; first - hand knowledge of the economy on both sides of the Atlantic. "There is a definite market potential in southern Europe," he said. "We need to be present to sow the seeds now so.as to be able to reap the trade har- vest later on when countries like Spain and Greece become more developed. If we are not to abandon the field to the Ger- mans, the Americans and oth- ers, we have to put up our flag now." Although Ontario is anxious to build a wide export market, Dr. Santamaura believes efforts should be concentrated in fields where the Canadian-made prod- uct may have an edge--elec- tronic components, electrical |§ ee > Know Your Zenith Dealer... Be can. open-the door te BETTER HEARING | control equipment, sports| goods. BOOKS FOR GINA Apart from Buy Ontario Weeks, he seeks to promote his province in various ways: or- ganizing Ontario trade missions to the Mediterranean, inviting buyers from leading depart- ment stores and potential agents for Canadian manufac- turers to visit Ontario (a fash- ion symposium was held in Tor- onto in May), having a stand at the Milan international trade fair, presenting books to photo- genic Gina Lollobrigida. Dr. Santamaura's por t folio also embraces industrial pro- motion. The main objective is to encourage European firms to open branch factories in On- tario as direct investments or as joint ventures with Canadian interests, or to conclude licens- ing agreements enabling On- tario companies to manufacture foreign - patented products. Al- though Ontario has a sizable list of "prospects,"" only a few concrete arrangements have so far materialized. | "In the three years since we| opened our office in Milan," said Dr. Santamaura,.."I feel we have contributed towards building an industrial image of Canada and Ontario to the ex- tent a Canadian. businessman now can come here and be re- ceived and enjoy the same es- teem as any other business- | man." BONDS TORONTO (CP)--The Cana-| dian bond market was off %-%4| Wednesday. | Short - term Government of | Canada bonds closed with the 4Y4-per-cent April 15, 1967, issue closing at $99.20 bid and $99.30 asked, Long - term Canada and prov-| incial issues were off ¥%4-%4 with| the Government of Canada 4%4- per-cent Sept. 1, 1983, issue quoted at 86 bid and 86% asked. In' provincials, Hydro 6-per-cent issue due July asked. li Day - to - day money was in |? short supply at 5% per cent. ation, set up by the B.C. gov- ernment to centralize salvage operations, performs a valuable in gathering, the Ontario}: 5, 1988, closed at 99 bid and 9%): The Gulf Log Salvage Associ- function. But the cost involved recording and marketing salvaged timber col- lected by association operators is high. The association. takes up to 60 per cent of a log's value for its role in the operation. Part of this gees to administration costs and the rest to the com- pany that lost the log from its Finance Minister Sharp has proposed a 'new for- mula for bank interest rates, The present six per cent ceiling would be lifted and a new ceiling set at 1% per cent above the average mation provided by the fi- nance department, shows how interest rates would have fluctuated in the past 10 years had the proposed system been in. effect. Bond yields are based on three- averages. NEW BANK CEILING PEGGED TO GOVERNMENT BONDS, month moving Bank interest rates are cal- culated on the average bond yield for the three months preceding Jan. 1 and July 1. --CP Newsmap yield of short-term govern- ment bonds. The new rate would be published twice a year, on Jan. 1 and July 1. This graph, based on infor- transit, One operator suggested in an interview that the loser forefeit| ESKIMOS FIGHT NATURE = |tirely on the fish and mammals About 75 per cent of Canada's|of northern waters for food and his right to payment for the log| Eskimos still depend almost en- (clothing. and that the money go instead to the finder. This, he said,| would make it more economic} for the salvage operators and would also encourage the loser to go out_foraging for lost logs. | Capt. Johansen says he is not}, sure what the final answer should be, but does say: "All I know is we can now make a trip out for deadheads | a paying proposition. Maybe that will lead us to the answer."'| We've helped to "marry" a lot of people in this town! >>) + we say helped because Fresh Flowers are an important part of any wedding ... and arranging flowers for weddings is an important part of our business. We pride ourselves in being able to work with our customers whether 'it is t| for simple or elaborate floral require- ight Canadian whiskies use the word "Go So dont be dazzled. | informal arr ments for weddings. We'll gladly help you with matching colors, formal or flower etiq: and any other details which will make | your wedding a beautiful ceremony. BRIDES -- Come in and ask for our FREE illustrated Booklet of Wedding Bouquets. REED'S FLORIST 28 SIMCOE NORTH DOWNTOWN OSHAWA PHONE 728-7386 "Over Fifty Years Growing With Oshawa" PATTE' This Week's Special ! Super White COTTAGE PAINT 95 Years at 85 Simcoe St, N. PHONE 725-3529 SPECIAL GALLON art A Division ef the S. 5. Kresge C en A _CUT FOOD COSTS HERE! a cater es Fearman's POLISH SAUSAGE 57: nae 99: Copaco Vac Pack WIENERS 99: Fearman's BOLOGNA 37: 2% -- Ve 2M -- ve HERE'S WHY! Few things in life are as vital as good hearing. So when we became a Zenith dealer, we were determined to give our customers the utmost in help! @ Experienced advice based on Zenith factory training. @ The finest, most advanced Zenith hearing aids ever. © Batteries, accessories, service for all makes of hearing aids. © Home appointments on request. IMPERIAL OPTICAL CO. LTD. 11 ONTARIO ST. 728-6239 WALLY GALES Represent ing AMERICAN GROWTH FUND LTD. FINANCIAL PLANNING THROUGH MUTUAL FUNDS . featuring . AMERICAN GROWTH FUND 67 King St. .E. OSHAWA, ONTARIO PHONE 723-8801 | 'We will be happy to serve you" LEE GALES -- WALLY GALES | FRESH ROASTED SPANISH Roast Turkey DINNER Creamy mashed potatoes, buttered DONUTS | PEANUTS fi cory rein coc, 58: 45: 70: ON NO. 2 HIGHWAY BETWEEN OSHAWA and WHITBY Argus C pr Asbestos Atl Sugar Atl Sug pr Bank Mt! Bank N S$ Bathurst Beaver L Be'l Phne Bow Valy Brazilian Fancy ICED ya 5 HEARING AIDS Burns Fas Calgary P Calgry P p Can Cem Can tron Cdn Brew Come in! acquainted | { in cose you heven't heerd 1% 21% 92 0 910 900 900 900