Ontario Community Newspapers

Oshawa Times (1958-), 29 Jul 1966, p. 13

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pe a Rk he {Bae Bh ie EA Ea HS MARKET TORONTO 10:40 A.M, STOCKS ributed Pp Dist Toronto Stock Quotations in cents unless marked $. z--Odd ot, rights, xw--Ex-warrants. Net change is xd--Ex-dividend, uly 29 xr EXx- from previous board-lot closing sale. 10:40 Net Sales High Low a.m. Ch'ge MINES 54 Sa Sut 1 1 1 Stock Acad Uran Acme G rt Akaitcho All Pitch Am Larder Ang U Dev Ansil Arcadia Atl C Cop Bankeno Belcher Cc Callinan Cc Mogul ¢ Morisn Fields D'Aragon Deer Horn D'Eldona Denison Donalda Duvan East Sull F'west T Frncoeur Frobex Genex Goldray Goldrim Gortdrm Granisie Granduc Guich Gunnar Hasage Hastings Headway Huds Bay int BIBIS T Kenville Kid Coper Lab Min L Dufavit Lakehead Leitch Louvicrt MacLeod Man Bar Mattgmi Mcintyre Mc Adam McWat Merrill Mt Wright Mulfl-Mi Neonex w N Hosco N Que Rag! N_ Senator Nick -Rim Nisto Ner Acme Norbeay Norgold Norlex Norpax Northcal Northgat Norsp A w O'brien Opemske Orchan Pamour Patino Pax int Pce Expl Porc Pay Preston Purdex Que Man @ Mattgmi Que Sturg Radiore io Algom Rio Alg ¢ w Rockwin Roman Rowan €n Sherritt livetids Wilco Am Leduc 200 101 5 2700 500 1 1000 1000 76 623 1000 3000 500 7000 5000 4 2500 2500 5200 12% 800 «= 800 6 "4 120 35% 64 " 225 565 365 9V2 205 500 14 200 220 1700 500 1000 5500 520 100 1100 z10 500 1500 200 3000 7300 500 220 400 $101% 101 9000 %6 000 518 3000 800 25 $772 2 18 0 61 99 $1l% 61 $28 $i1% 9" 490 37% 7 23 $15 4000 3 100 8500 2200 400 300 650 1000 100 2100 2000 1500 400 3000 6500 6500 1000 18 $i) 320 185 $11" 27 242 VW $15% W %4 33 35 2000 68 1000 275 275 136 $26V2 $13% 130 24a +2 +1" -1 65 20 2B 88 0 un 138 101 «(107 4 45 45 $26%2 262 22--% 0 150 150 150 25 ++4++ 44+ + 1 gs en we 64% 7 WW 12% 124-- Va 800 = 5 16 16 3% 14 +24 120 «(12 352 35¥a--1 60 84 a Uf m5 25 +5 565 565 --10 365 365 -- 5 9a 9% 5 205 --5 "4 "1 220 220 Uva 25 + 774 171%a-- Va Wo 12 --1 18 8 9 1 6) +1 » 9 9 9 1% WY 6) 6) 28 1% 28 1% 3 37 490 470 --10 37% 37 7" " 23 15 23 15 Wie+ 16 3 221 15 --S§ 5 15 +7 4 Wk % 27 2 me 24% 24¥a+ Va |) ies 15% 154+ iW " 32a 32¥4 --1'4 2 8 +2 3 35 2 6 68 +2 135 135 +1 26Va 26Va + Ve 13% 134-- ve i} 1 u 4 TODAY 100 57: C_ Utilities i Chemece! Cominco Crush intl Cygnus B sco Pp Dom Store Domtar D Textile Dupont Exquite pr. Falcon Fed Grain Fleetw'd Ford Cnde Fraser Gen Baker GMC G Stl Wre p G Mckay B GL Power Greyhnd Hawker $ Hayes Sti Home A Home B Husky Oil Imp Oil Imp Tob Inglis Inland Gas int Nickel Int Util Int Util pr Intpr Pipe Intpr Steel Inv Grp A Kelly DA Lafarge A LOnt Cem LO Cem w Laura Sec Lav F 2.00 Lob Co A Lob Co B MB Ltd Maher pr M Lf Mills Mass-Fer Molson B Mon Food Montex Montex pr Montex w Morse A Morse pr Murphy Mrphy Pr Nat Drug Noranda | NCtri G Oshawa A Pac Pete Parker Pembina Pow Corp Price Bros QN Gas QN Gs iw Rank Org Revenue p Rothman Royal Bnk StL Cem A StL Corp p St Maurice Salada Shell Can Shell Inv p Shell Inv w Simpsons Slater Stl Southam Steel Can Thd CGinv Thom N P Tor Dm Bk Traders A Trader 65 w Transair Well Fin te Wourne West ind West Ind A Weste'st Westeel Weston A White Pas Woodwd A 100 $12¥8 75 $29 135 1% 2" 25 $522 Save 150 $15% 15% 450 768 $31% 31% 3) 1M % m0 740 210 425 $20% 2 $74 317% $23 994 M% 2B 4 400 $17%4 17V4 % $7 210 $155 100 1000 210 $25% 37% 7% 7™% $25% 295 $17% 150 us 410 225 $13% 13%U "Wh 239 $54% Sha 54% 200 100 430 311% $18 We A+ % $200 100 $28 100 150 100 280 $29% 29 155 25% a7 WW 1 430 W% Ve $786 78 200 495 235 "250 700 740 150 215 100 170 $25% 0 89% 2 32100 190 161 27 225 477 190 150 100 3610 25 75 0 1300 1100 360 200 200 330 240 700 175) 24 $17% $33% $17" $6 450 445 445 $13% 13% 13% 205 «6285 $i4a 312% 600 450 435 = 43; $21% 21% 21% $20%e 20% 20% + Ve $70% 70% 70% -- $32% 32% 32% a BBR a" $1 $2176 21% 21% + % $264 262 262+ 700 695 700 +10 loial Corp, a New York firm $31 $139% 13 «13 Va 35Ve 358 1 WW 6% 2 53 7% 4 va 600 u nu $227 22% 311% 225 $18 Ove 225 100 100 100 1025 250 100 zs seo 310% 150 WM% 18a On Wat 104s 150 i 5% $5 331% 31% 3\% 875 «875 «(875 16Va 16% 24% 24% $16% $24% $11% 315% $29% 9 400 «400 «400 Ws WS WS 240 240 240 --§ 200 435 435 435 Me 27% + Ve $23% 232 23% $10% 10% 18% $10% 10% 10% $25V2 25V4 25Ve Sales to 11:00 a.m.: 497,000, $27% W% % 2% 8% 27 ™ 3% 33 12%4 + % 2 +% 155 25% om Va 430 +10 Nh" + 20% + % 7% 274+ W% 53% 3 24am Va 1% 350 8% WY. va = WV --3 --2" 42 Vv rT] 22% = M% 18¥a 10Ve 190 =--§ + --_v Wm Ve 15% 29 = Va 8% vw i a A ee Se HG HR BUSINESS SPOTLIGHT MONTREAL (CP) -- Cana- dian railways are hard pressed to keep pace with the trans- portation demands of the Cana- dian potash industry, which is fast moving to the forefront as a major world producer. The rail carriers will have 6,000 cars hauling potash by the end of this year and the 1966 volume 'is expected to reach 3,200,000 tons compared with 2,500,000 tons in 1965, Canadian Pacific Railways esiimaies ithe couniry's raii- ways will have to double their investments to provide up to 12,000 cars -- pulled by diesels--by 1970 to handle pot- ash shipments from the prairie provinces to west coast ports. MONTREAL (CP) -- Cana- dian Channing Corp. Ltd. won its seven-month fight Thursday night for control of Common- wealth International Corp., end- ing what was described as the Wl biggest proxy battle in the his- tory of Canada." Some 75,000 proxies were ta- bled during the day-long annual and special meeting of Com- monwealth International, a mu- tual fund concern with assets exceeding $80,000,000. Final tabulation showed the Channing slate of directors was supported by 3,496,000 shares while the incumbent board re- ceived 2,067,000 votes. The takeover bid by Chan- ning began last December and resulted in legal battles, a de- luge of mailings to sharehold- ers, suspension by court order of the regular annual meeting scheduled for last February and Thursday's marathon meeting. The. fight started after Com- monwealth cancelled Channing's contract under which the United States firm gave financial and marketing counsel to the mu- tual fund. The contract earned "4! $2,000,000 last year. HAS U.S. PARENT Channing is a wholly-owned subsidiary of Channing Finan- controlled by Los Angeles In- vestment Corp. Robert E. Davis, president and general manager of Cana- dian Channing Corp. and a member of the previous Com- monwealth Board, will head the new slate of directors. Tabulation of the proxies cast by Commonwealth's 50,000 shareholders took about 14 hours. The work was handled by the Royal Trust Co. and one Royal Trust employee described the situation as 'the biggest proxy battle in the history of Canada more than 75,000 pieces of pa- per to be handled hand; we've got people sleeping here at night." Each shareholder was mailed Subsidiary Firm Wins Proxy Fight During most of Thursday's special meeting Canada's for- mer Conservative finance min- ister, Donald Fleming, defended the old board's action in fight- ing the Channing challenge. Debate by the shareholders mainly concerned the use of $121,000 by management in an attempt to fight Channing's takeover bid, Frederick Gardiner, original chairman of Toronto's Metro- politan commission, said Chan- ning's campaign was a "revolt by an employee" and expenses incurred by the board were le- gitimate. Newly-elected board members backed by Channing are: An- dre Bachand, assistant to the rector and public relations di- rector, University of Montreal; Charles W. Brazier, senior part- ner of Davis, Hossie, Campbell, Brazier and McLorg, Vancou- ver; James A. Hancock, presi- dent of Hancock Tire Co., Tor- onto; eo Senator Alan Macnaughton, Montreal; John Saywell, re- tired; and Donat Vien, senior partner of Masse, Vien and Co., Hull, Que. Members of the old board of directors re-elected were: John H. Carton, a director of Chan- ning Financial Corp. and Cana- dian Channing, and William H. Zimmerman, executive director and vice-president of Canadian Channing. BONDS TORONTO (CP) -~ The Cana- dian bond market was un- changed onthe day in quiet trading Thursday. Short-term Government of Canada bonds closed with the 4%-per-cent October, 1967, issue at $98 bid and $98.10 asked. Long-term Canada and pro- vincial issues were unchanged with the Government of Canada 4%-per-cent Sept. 1, 1983, issue quoted at 85% bid and 86 asked. In provincials, the Ontario 6-per-cent issue due July 5, 1988, closed at 98% bid and 99% Canada's Potash Output One Of Highest In World The investment would be $215,- 000,000, The estimate also says the export volume will have reached 12,000,000 tons by 1970, 300|BROUGHT INNOVATIONS The shipment of potash has also brought about some in- novations in railroading. One is the "'solid'" or permanent train which is made up of about 60 cars and is never taken apart. The solid train, now only in experimental service, wil shuttle between the potash mine site and the destination, be dumped by automatic devices and then go back for a new load, No other commodities will ever be hauled by the train. The potash boom is relatively new, Seven years ago, only one mine was in production in west- ern Canada, Today, numerous mines are in operation, When the first potash left Saskatche- wan in 1959, Canadian Pacific had only about 1,000 cars suit- able for carrying the mineral It has nearly 6,000 cars op- erating now. BUY NEW DIESELS Coupled with the increase in rolling stock, Canadian Pacific has purchased 32 high-speed diese] freight locomotives at a cost of about $11,000,000. The potash industry is ex- pected to spend $400,000,000 in its own development in the next four years, Large deposits are being found in Canada at a time when supplies in the rest of the world appear to be running out, Potash is an essential element in increasing output from agri- cultural land, Markets of the mineral are assured for many years as 60 per cent of the world's popula- tion of 3,000,000,000 lives in countries which do not have an NET EARNINGS By THE CANADIAN PRESS Maclean + Hunter Publishing Co. Ltd, six months ended June 30: 1966, $942,000, 94.2 cents a share; 1965, $1,077,000, $1.08, MelIntyre Porcupine Mines Ltd., six months ended June 30: 1966, $4,240,547, $1.78 a share; 1905, $5,070,070, $1.00. Moree Corp. Ltd., six months ended June 30: 1966, $12,390,- 495, $1.75 a share; 1965, $10,- 596,241, $1,50, Aunor Gold Mines Ltd,, six months ended June 30; 1966, $252,000, 12.6 cents a share; 1965, $2,291,000, 11.5 cents, Halinor Mines Ltd,, six months ended June 30: 1966, $220,800, 11 cents a share; 1965, $274,000, 13.7 cents, Pamour Porcupine Mines Ltd,, six months ended June 30: 1966, $273,600, 5.5 cents a share; 1965, $321,900, 6.4 cents, Coast Copper Co, Lid,, six months ended June 30; 1966, $536,000; 1965, $411,000. MacMillan Bloedel Ltd,, six months ended June 30; 1966, $22,300,000, $1.07 a share; 1965, $21,100,000, $1.01, Murphy Oil Co. Ltd, six months ended June 30: 1966, $800,372, 28 cents a share; 1965, $599,080, 22 cents. Canadian Industries Ltd,, six months ended June 30; 1966, $6,566,000, 66 cents a share; 1965, $5,553,000, 56 cents, Sigma Mines (Quebec) Ltd., six months ended June 30; 1966, $195,551, 19 cents a share; 1965, $214,545, 21 cents. Campbell Red Lake Mines Ltd., six months ended June 30; 1966, $1,807,380, 32 cents a share; $1,194,899, 30 cents. International Paper Co., six months ended June 30: 1966, $50,889,587, $1.16 a share; 1965, $38,247,798, 87 cents. Stanrock Uranium Mines Ltd., six months ended June 30: 1966, $152,406; 1965, $243,708, Codville Distributors Ltd., three months ended June 18: 1966, $57,464, 13 cents a class A share; 1965, $43,892, 10 cents, Fraser Cos, Ltd., six months ended June 30: 1966, $1,914,607, 86 cents a share; 1965, $2,195,- 545, 98 cents, Robert Morse Corp,, six months ended June 30: 1966, $803,000, $1 a class A share and 96 cents a class B share; 1965, $608,000, 81 cents and 76 cents, Levy Industries Ltd, six months ended June 30; 1966, $1,512,112, $1.20 a share; 1965, $842,748, 55 cents, Trans +» Canada Pipe Lines Ltd., six months ended June 30: 1966, $6,826,000, 90 cents a adequate food supply. Share; 1965, $6,806,000, 90 cents, THE OSHAWA TIMES, Fridey, July 29, 1966 13 Trading Active This Week Ontario Public Stockyards TORONTO (CP) -- Trading was active this week at the On- tario public stockyards for all classes and grades of slaughter cattle with some narrowing on weighty steers at the close, Handéyweight steers sold firm te higher with heifer prices ac- tively strong. Cow prices. were higher with bull prices steady, Veal calf prices were firm with hog and lamb prices higher, Slaughter cattle 10,000: On of- fer this week 10,003; last week 8,552; to date 1966 293,556; to date 1965 308,663; this week 1965 8,664; choice steers 25,50-26,50 with sales to 27,50; good 24-25; mediums 22-23.50; common 19- 21.50; choice heifers 25-25,50 with sales to 26; good 24.50; mediums 21-23; common 18-20; choice fed yearlings 25- 27; good 23-25; good cows 20-21 with sales to 21,50; mediums 18.50-19.50; canners and cutters 14-18; good heavy bologna bulls 23-24 with sales to 24,50; com- mon and mediums 18-22, DIVIDENDS By THE CANADIAN PRESS Tone - Craft Paints Ltd., 5 cents, Aug. 16, record Aug, 1. Domtar Ltd., pref. 25 cents, Oct. 1, record Sept. 1; common 25 cents, Nov. 1, record Oct, 1, Canadian General Electric Co, Ltd, common 25 cents, Oct. 3, record Sept. 12; pref. 62% cents, Nov, 15, record Oct, 18. Texaco Ltd,, 4-per-cent pref. $1, Oct, 20, record Sept. 30, D. A. Stuart Oil Co, Ltd., 30 cents, extra 60 cents, Sept, 1, record Aug. 11, MacMillan, Bloedel Ltd,, 25 cents, Sept, 15, record Aug, 15, Southam Press Ltd., 30 cents, Sept. 28, record Sept, 14, Lakeland Natural Gas Ltd., 5.4-per-cent A pref, 27 cents, Sept. 1, record Aug. 19. Barber-Ellis of Canada Ltd,, $1.25, Sept. 15, record Aug. 31. National Lead Co., 75 cents, Sept. 27, record Sept. 9. MacLaren Power and Paper Co., class A 30 cents; class B 30 cents, Sept, 28, record Aug. 19, Hayes Steel Products Lid., . cents, Aug. 31, record Aug. Kerr-Addison Mines Ltd, 10 Replacement cattle: Good Calves 30-32; good heifer stock calves 24-26; common and me- dium stockers 22-27; heavy short-keep steers 23-25, Caives 2,150: On offer this week 2,226; last week 2,887; to date 1966 59,502; to date 1965, 65,522; this week 1965 2,218; choice vealers 35-39 with odd sales to 41; good 30-34; medi- ums 26-29; commons 20-25; boners 17-20, Hogs 8.000: On offer this waek 8,148; last week 6,175; to date 1966 233,248; to date 1965 216,- 664; this week 1965 8,000; Grade A 33,75-36.75; heavy sows 22- 22.15; stags 16,55-17.60; boars sold live weight 13,25-14.10; un- sold hogs 33,75, 8! and lambs 1,450; On offer this week 1,429; last week 1,358; to date 1966 31,597; to date 1965 31,863; this week 1965 1,462; lambs 26-29 with light lambs selling up to $4 according to weight and quality; sheep 5-11 according to weight and quality; yearlings sold up to 12. PRODUCE TORONTO (CP) -- Wholesale to retail carton eggs average weighted prices quoted by the agriculture department as of Thursday: A large 62.8; A me- dium 49.7; A small 35.2, Eggs: Wholesale price to country stations fibre cases quoted by the Toronto Board of Trade from wholesale egg deal- ers: extra-large 58-62; large 57- 61; medium 45-47; small 27-28; B 39; C 34, Butter prices: Agricultural stabilization board tenderable carlots: buying 40 score 59; buying 39 score 58; selling 59. stockers 27-29; good steer stock|!Ja PROPOSES CAR JOYSTICK LONDON (CP) -- A surgeon specializing in traffic accident ~ victims proposes that one of the major causes of injuries--the steering wheel -- be abolished and replaced by a@ joystick sim- r to that used in aircraft, PouNCr euye, wie power steering, (the steering wheel) is absolutely unneces+ ped on he = There is no diffleulty making steering' which works--by pressure," GMAC MANAGER William B, Legate General Motors Acceptance Recppresen of Canada, Lim- ited has appointed William B, Legate manager of t MAC... branch office in Oshawa, it« was announced recently, A graduate of the Univere GRAC in the Tor eee n the Toronto branc credit supervisor in 1954, He was appointed manager of the To- ronto Uptown, Ont,, branch in 1956 and assistant branch manager in Toronto in 1960, He has been branch manager " ae, Ont., since June ~ 5 nsonennanccnemta CITY OF OSHAWA REQUIRES PLUMBING int experience, the provisions BALARY RANGE -- $5,596.00 te $6,571.00 (40 hour week), QUALIFICATIONS: Must possess @ Master Plumber's license of equivas DUTIES: Under the direction of the Chief Plumbing Inspector, of the Previnelal Plumbing Regulations cand Ci ne Ago d ay INSPECTOR iyelowe related ing stages, Yi cents, Sept, 22, Aug, 31. to 0. As & pec Grainoge installations within the 'City after roughingyin end succeeding Written applications giving full details of education, foeritel status, etc., will be received until 5:00 p.m., 'The Persennel Officer, City Hell, Oshawe, Onterie, sree ohne inet sina interior Cu Ripuet S588, een Mellow Pot Roast 4-6 Ib. Pot Roast or Short Rib Roast 1 Onion 1 Carrot 1 Sprig of Parsley 1 Bay Leaf 6 Peppercorns 1 Cup Seagram's Mellow 83 Whisky Flour, Salt and Pepper , 7400 f Tablespoon Butter 1 Tablespoon Oil Dredge the roast in seasoned flour. Add the butter & oil to a heavy pan or dutch oven, heat and brown the roast well on all sides, Add the onion, carrot, parsley, bay leaf and peppercorns, Add the cup of Seagram's Mellow 83, Cover the pan tightly and cook slowly \ hour per pound, 450 525 194 40 400 100 13 758 a+ 1 | tal * +) Dickenson Madsen Ponder Siscoe Spooner Tormont Utd Keno 2 00 $13% 13% 13 800 213 213° 213 500 390 390 390 100 515 3 Banff CS Pete Cc Ex Gas C Gridoll Cdn Tricnt Cent Del C West P Dynamic Fargo French Pt Gt COlisds int Hellum asked, Day-to-day money closed at 4% per cent. Treasury bills were at 5.01 per cent for 91-day bills and 5.23 per cent for 182-day bills. nine proxy slips. If he chose to cast his ballot for one side and then decided he wished to vote for the other, he had a slip which he signed, automatically cancelling the first proxy. 400 400 400 200 280 280 --§ $10% 10% 10%-- 257 183 183 183 400 375 375 375 +5) 100 290 290 290 100 380 380 380 | 260 $10% 10% 10%--%| POET WINS CROWN 235 230 231 --1| ies 18 +§ | PORT TALBOT, Wales (CP) a, 2 |Home of the Royal National 20 | Eisteddfod in August, this is a 25 + Va| steel-milling town, but the steel jo + 1 |¢rown to be given to the cham- 90 +2/pion bard is not being made in 20 216 no 4 |Port Talbot. It has to be of $314 31% 31%44 | Stainless steel] and so will be 265 65 265 | 1500 "7% 7% 7V 300 315 NS HS INDUSTRIALS industrials 18 200 1000 200 Okalta Permo Place G Provo Gas Spooner Stanwell Triad Of! Union Oil U_ Canso Vandoo W Decaita 1120 Ws 300 imported from Sheffield, Eng- land, WATCH The Parade ON CKLB RADIO SPONSORED BY Robbies The Family Drive-in Abifib! Alta Gas T Alta Gas p 0% 10% -- ve) 304 -- | 9 10% -- Ve Wm Ve NIAGARA FALLS, ONT. WINS A TRIP TO NASSAU VIA AIR CANADA --%I BC Forest Bruck 8 CAE ind Calgary P $ 4 10% 45 $8% 8% 8-- ve 25 $26¥2 2642 26Va-- 4 100 $13% 13% 13% -- We 125 $20% 204 20% 700 % 6% 6M 10%4 $8 Rt ell roast us a mellow, we asked... like mn Seagram's Mellow 83 Can a taste inspirea culinary masterpiece? It can if you're Basil Fitzgibbon, Managing Director of Montreal's gourmet Windsor Club; and your inspiration is Seagram's 83, the mellow whisky. Sip a bit. 83 will banish lesser lights forever from your glass. It could even be the guest of honour at your next dinner party. SEAGRAM'S MELLOW 83 Building the fame of Canadian whisky since 1883 Low Rental Rates by the Month or Year Expert Meat processing and Custom Cutting Save on Wholesale Meat Buy in Quantity and Save WALL You BE THE NEXT Bic WINNER IN OUR EXCITING CONTEST ? sax ccrncs ov conrons or: C4CG Complete Locker Service A FUR AND LOCKER STORAGE 81 William St. West PHONE 723-3012 Sprite « canta i "Coca-Cola", "Sprite" and "Fanta" are registered trade marks which identity the products of Coca-Cofs LOd. Authorized bottier ef Coce-Cele, Sprite and Fenia under contract with Coca-Cole Lid. HAMBLY'S BEVERAGES LTD., OSHAWA, ONTARIO.

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