Ontario Community Newspapers

Oshawa Times (1958-), 2 Aug 1966, p. 6

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Hh ARE A A ARS YH SS | | AD BS SF thee eae Reh RRS Sea eS Se Torente Stock xchange--Aug. 7 Quotations in cents unless marked $. Z---Odd lot, xd---Ex-dividend, xr---Ex- xw--Ex-warrants, Net change is previous board-lot one sale. Stock Sales High Low a.m, chee 4 1 388s -~1 a3. + -2 66 » 65 se " as 4 20 105 105 105 = 2% 12% 2200 43 43 sg 04 655 Pe 290 +290 ia aim 12% 12% ee Dae | 2" 13 3) Svissess_x +10 3siss 0 +3 " 3 2 a] 634 «(13 at 2 x ie 925% 140 100 162 1000 315 100074 365 15% 25% "e 135 (140 2 162 +1 us ¢ Dyno 162 « C Faraday Cdn Keely Candore Can-fer Captain * Cariboo Cassiar Cent Pat Chest Chib Kay Chimo 700 12% 2000-7) 1000 18% Chrom Coch will Coniagas Con-Key Con Shaw C Bellek Con Gillies Cc Halli C Mogul Con Negus Conwest Coprcorp Cop Fields Cop Man » Coulee Cowich Craigmt D'Aragon D'Eldona Denison Discovry Dome Dunraine East Suill F'west F Mar 5 415 4000 «(1244 "ins 'ia 285 700 500 75 «#75 400 138 138 138 1000 «13% 13% ah 500 37 687-76 235 $13 7300 (16 2800 (76 918 $644 64 100 190 190 100 $54%4 54%4 54% + %4| 133. «530 50 50 | 300 810 800 810 } 1000 15% 15% 18'-- Va} 400 380 380 380 5 500 ld4¥e 14a Ihe a 126 126 «(126 36% 36% 16% 1000 120 «120 «(120 100 $13% 13% 13% Frncoeur Frobex Genex Gnt Masct Giant Yk Goldrm Gortdrm Grandroy Guif L Gunnar Hastings Headway High-B! Hollinger Huds Bay Hu-Pam Hydra Ex Int Bibis T Iso 135 $22%4 22% 2204 + vl 210 $77% 77% 77% 3500 714 7 7 =m 500 20% a one 7:«411S ns 3000 34 § 2 300 $11 | 1950 226 220 220 --§ | 1000 144 Wa am | 150 $11%@ 11% 11% 220 245 245 245 10 $23% 23% 23%4-- 9700 =O "" o +1 110 485 485 485 S 200 191 +19) «lo 6+] 1000 120 120 120 1000 170 169 170 +6 SOO 72 72 72 = 4 4000 7' % 2300 «§) s 5) 2100 $15 aby 1s 1000 (18% 18 18% 500 73 " 73 ~ a uM % 4000 P +4 he ny =~ zive. 7 1000 45 L Dufault L Shore ta Luz Langis Leitch LL Lae Lorado Madsen Malarti¢ Marcon Martin Mattgm! Maybrun Mentor Min-Ore Mt Wri Multi-Mi + %| -2 \ --' os 745 $602 107 $25% 100 226 100 276 300 MO 2500 53 2 210 311% 14 1% 7100 67) «66? 67 | 425 139 13% 138 +35 1520 $26% 26% 2678 + 215 399% 98 99% 735 813% 13% 13% 2400 130 130 130 1455 $154 ur 1S\4 ri] 2% Q Mattgmi Quemont Radiore * Rayrock Rio Algom Rio 5.80 Pr Rio Alg cw Rockwin ' Roman Satellite Sherritt Sit Eureka Silvrtids Silvmq Sil Miller Sil Stand Siscoe Stanrck Steep R Teck Corp Texmont 4350 28 260 $10 500 190 800 "350 4200 57 1000 19 300 109 1800 355 135 185 510 590 400 520 as sio 190 335 56 vw 10s 350 es 510 190 395 A 9 10s 355 as 4500 Un Macfie Utd Pore Urban Q Ves White Star Wilco Willroy Windfall Yukon € Zenmac Zulapa 1800 21% 212 DA-- ri OILS, GAS as 40 40 --S 100 330 330 -5$ 1425 $13% 134 1394 -- % 2405 200 200 200 ---12 $00 231 ~ 4] 2000 390 --1s 400 415 400 +15 100 216 216 -- 1180 $10% 10 sas 250 670 670 100 $16¥e 16ve Me Alminex Asamera Banff CS Pete Cc Deni Cc Ex Gas C Gridoll C Homestd Cent Del Chieftan D _Deme Pete 23) vs 2 vs ais 4 2 wl o co" Hy Ponds int Helium Mill City N_ Americn NC Olls 2200 200 $28'4 3 3000 92 Stanwell 7200 %6 on ou 2100 716 canto 1700 765 w Decaita 300 315 INDUSTRIALS 475 $10% " 104 = Va 400 28' 9" %6 25 ro ns Abitibi Acklands Alta Gas T Alta Gas w Alg Cent w Algoma St Alliance a Alcan Anthes A Argus C pr Atl Sugar Bank Mtl Bell Phne Bow-m pr Brazilian BA Constr BA Oil $5 -- FO Fg 500 + cf Ul 5 100 00 ps $27% 27 - 75 15 175 ras, $334 4 %-- % $27% 27% 27% -- Yo $12% 12 W2Va-- 9% %% % $57% 57 = 57 550% 502 S02 --- | 50 $50 50 50 on a 59% $74 531% % % '" Va 31% 318 -- Ve TORONTO (CP) -- Interna- tional Nickel Co, of Canada Ltd. |had net earnings of $73,630,000 BUSINESS SPOTLIGHT EDMONTON (CP) -- A pio seering move into the field o contract maintenance in 195 1as paid off well enough foi Catalytic Construction of Can ida Ltd, that the Sarnia-basec firm recently opened a branch ffice here. When Catalytic came on the scene, most industries operated heir own maintenance depart- ments, many staffed by well- paid experts with expensive ma- chinery. M. Buchanan, vice- presi- dent and manager of Catalytic's Western Division, says main-| tenance departments proved the! largest single operating expense $20'/2 sli" $26% 26% a + ' $21 2 $16 18% itm $10% 10% 10% + % 6% 6M 2 a 750 = =750 BC Forest Bruck B Calgary P Can tron Can Malt Can Perm Cdn Brew CB Alum A cB Al Aw Cdn Can A 525 390 550 390 ae 602 60 1% \a-- Ve 5 «75 4 59% 59% 6% aA - 1% Wha-- wel C Petrotin val C Refract Cdn Tire A C Vickers CWN Gas Clairtone Cominco Columbia Columbi Pp Conduits Con Paper Cons Gas Crestork Crush intl Cygnus A Cygnus 8 Cygnus pr Dale-Ross Dist! Seag 37% 37% 4 + Ve 5% Sh-- Ye 5% +15 214 21% 1s 615 WA Wr-- 19% 20 2% 21%-- Ve 20% = 20V6 Ws Wa a "4 "W Dom Store Domtar Dupont Econ n Falcon 97% 97% - - oe Fam Play 3 6 6% = %| Fed Grain 3500 8 va + 4) Ford Cnda 5 sis Maid 1552 --- % Gen Baker 1000 Na . - Inv 3 400 100 340 425 30 100 3905 890 685 W5 215 367 600 210 oo 100 225 GMC GL Paper GL Power Greynnd Hawker $ Hawker pr Hayes Sti Home A Home B Husky Oil H Bay Co HB Ol! Gas Imp boll Imp Tob Ind Accept Ind Minert Inglis Inland Gas 1BM $17 4 Mh --- 425, 425 425 +5 $6 86K $11% 11% 11% $20% 2 W a ae $2) 20% WM -- %| $13% 13% 13% -- %a| 315e 15% 15%e-- "2 $8 a8 + \ $54¥_ 54% S44 $14%4 4% 4M 8% - a -- = "| Bim Ve 360 10 $8% $8% 38% | a share; Aa % |ada, six months ended June = Ve months | months items for many plants, NET EARNINGS "_,,| By THE CANADIAN PRESS 5 | 12% 12%--%| Canada Ltd., six months ended International Nickel Co. of 1966, $73,630,000, $2.48 1965, $75,846,000, $2.56. Telephone Co, of Can- 30: $42,030,- June 30; Bell 1966, $42,204,816; 137, Chemcell ended June 30: 38 cents a share; 1965, Lid., six 1966, $5,411,000, 1965, $5,546,- *'000, 39 cents. Steel Co, of Canada Ltd., six ended June 30: 1966, / $2,898,371, $1.03 a share; 1965, $18,696,578, 77 cents, Bathurst Paper ended June 30; $1,027,000, 37 cents a 1965, $983,000, 33 cents. Crown Zellerbach Canada Lid., six months ended June 30: 1966, $5,972,000; 1965, $5,965,- | 000. Price Co, ended June 30: 44 cents a share; 000, 40 cents, Lafarge Cement of North America Ltd., six months ended June 30; 1966, $737,000; 1965, $418,000. Westeel Rosco Lid., months ended June 30: $435,000; 1965, $322,000, Trans-Mountain Oil Pipe Line ., six months ended June 30: 1966, $5,202,000, 69 cents a share; 1965, $4,813,000, 63.9 Ltd., six 1966, share; Lid., six months 1966, $4,513,000, 1965, $4,158,- months | 66, ish subsidiary at Lockton, Catalytic Construction Opens Edmonton Branch The work of these depart- nents went in spurts, he says. Vhen all was running smoothly, here was little for the main- enance men to do, When an »mergency arose, they often were too short-staffed to be ef- fective. Catalytic is selling a different approach to maintenance prob- lems, 1,000 ON STAFF The company, with a staff of about 1,000 men, assumes full responsibility for the upkeep of \industrial installations. A -per- manent staff under a superin- tendent is stationed at each plant. These men look after the day- to-day needs in,the plant, when an emergency arises, call goes out to the local craft unions. This arrangement is covered by a nation-wide agree- ment between Catalytic junions. A permanent union-com- pany committee administers the} agreement. Mr. Buchanan says flexibility is one of the chief assets of contract maintenance He says the maintenance staff requirements of one client--a British Columbia refinery-- varied between 10 and 120 menido its own $200,000,000 Gas Investment LONDON (CP) -- Robert A. Brown, president of the Home Oil Co. of Canada, estimated Monday that his company may invest up to $200,000,000 during the next two or three years to exploit. the company's major natural gas discovery on the Yorkshire moors The Calgary oilman and his officials told a press conference that the gas discovery by the company wholly-owned Brit- Scarborough, is much greater than originally anticipated, One well at Lockton, Brown inspected during the weekend, was originally esti- which }40 men. and al and 13| near) or $2.48 a share in the first six months of this year, down from $75,846,000 or $2.56 in the sim- ilar 1965 period. A company statement showed the decline came in the second quarter, when net income dropped to $34,798,000 or $1.17 Inco's Net Earnings Hit $73,630,000 Sum a share from $38,366,000 or $1.30 a share in 1965, : Announcing that the company has declared its regular divi- dend of 70 cents a share in Revenue Rises For Pipe Line TORONTO o- Operating Rev- enues for Trans-Canada Pipe Lines Limited in the first six months of 1966 were 15.4 per cent higher than for the same period in 1965, James W. Kerr, chairman of the board and president of Trans-Canada, re- ported to shareholders in the company's six. months' report today. For the six months ending, June 36, 1966, net income after provision for dividends on pre- ferred shares was $6,826,000 as compared with $6,806,000 for the same period in 1965, Cost of gas sold and gather- ling charges includes the cost of United States funds, President Henry S. Wingate warned lower earnings are in store for the rest of the year. He said he expects the com- pany's labor and associated costs will rise markedly follow- ing settlement of a strike now in progress among its Sudbury and Port Colborne employees, and the over-all result "would unquestionably lower earnings." The statement said net sales were the highest in the com- pany's history, but gave no fig-| ures. in one year. The company could never afford e keep a staff large enough to tope with every situation. But Catalytic, because it can draw on a pool of skilled work- men, can handle any situation which might arise. STANDARD HIGHER There are other advantages, Mr. Buchanan says. Because the firm draws labor only from craft unions, a higher standard of workmanship is maintained and individual productivity is greater. This reduces mainte- nance costs, When the company began its experiment in 1952, it employed This number grew to 605 in 1963, and last year in- creased to 1,000. © Among Catalytic's clients are Shell Canada Limited, Sun Oil Company Ltd., Great Canadian Oi] Sands Ltd., Kalium Chem- licals Ltd., Dow Chemical of Canada Ltd., B-A Oil Company Lid,, and Domtar Chemicals| Lid, Mr BUSINESS BRIEFS By THE CANADIAN PRESS CPR EARNS MORE Canadian Pacific Railway Co. net earnings for the month of June totalled $5,201,421, against $4,701,117 in June, 1965, Railway revenues amounted to $48,939,- 024. and expenses $43,737,603, compared to $45,000,544 and $40,209,427 in June last year. EARNINGS DECLINE Second-quarter sales of Dom- tar Ltd. totalled $107,270,000, up from $104,091,000 in the same corresponding quarter a year ago, but net earnings amounted to $6,950,000, off from $7,210,000 in the 1965 period. The Mont-) real-based company in a state- cline to labor difficulties in Eastern Canada and the sea- men's strike in the United King- dom. DECLARES DIVIDEND General Motors Corp. of New York City Monday declared a quarterly dividend of 85 cents a share, 10 cents more than paid in 1965. The higher divi- dend will bring payments for the first nine months of the year to $3.05 compared with. $3 a | year ago. bad Buchanan says contract maintenance soon will become the rule in North America, It is too wasteful of financial and human resources for a firm to placed at 100,000,000 cubic feet a day. William Ogilvie of Ottawa, managing director of the Brit- ish subsidiary, said further tests Sunday indicated the well's yield would run to about 150,- 000,000 cubic feet a day, which would mean a guaranteed de- livery over a 15-year period of more than 35,000,000 cubic feet) daily. | While the full extent of the} Yorkshire find is being as- sessed, other companies already have announced big fields in the North Sea. Home oil believes its find is| jat least as significant as any |tistics, says in its latest report) |Parker: |short term purchases of natural gas from other than the com- 'pany's normal sources in Al- berta. While these short term purchases of nature! ges have limited the company's net in- TORONTO (CP)--Sales com-|°ome they permit the orderly petition among about two dozen companies selling foreign cars FOUND THEIR MAN in Canada is reaching unprece- PHILADELPHIA (AP) -- It dented levels, it was announced |took police 20 years, but they here Monday, finally arrested Garfield Par- R. L. Polk and Co, Canada|ker, 74, for the 1946 slaying of Ltd., which compiles auto sta-\a neighbor, John Smith, Said "I knew who it was. that, although the foreign-car |I' ve been waiting for the knock Sale 'Rise 0 On development of markets in eastern Canada during the period prior to the commence- ment of deliveries through the proposed Great Lakes system. The company has called for redemption on August 16, 1966 of the 5 per cent Convertible Subordinated Income Deben- tures due June 1, 1988, To date, over $23 million of the original $25 million issue have been con- verted into common shares. Approval is expected in '¢ near future of the company's application te the National Energy Board for authoriza- tions associated with the pian to transport natural gas through the Great Lakes system. Ap- prova) is also required from the Federal Power Commission in Washington for the construction of this system. CALL OR SEE DIXON'S OIL FURNACES SERVING OSHAWA OVER 50 YEARS 24-HOUR SERVICE 313 ALBERT ST. 723-4663 importers have increased their|for 20 years.' Canadian sales 1,2 per cent in} sormecserm the first half of 1966, the in- ment attributed the profit de-| 18 $360 360 M45 870% 702 70% IMC Int Nickel 108 ue 2 Int Util Husky Oi} Canada Ltd., six mated to yield between 5,000,000! single well in the North Sea and and 10,000,000 cubic feet a day.|may be more important since On Saturday, when the well was lit is based on land and can be 375 $77 77% 774 1400 $7 7% T+ Ve 110 $118 TM 11Sm-- Va 272 $WYa 32 =e -- Intpr Pipe Intpr Steet Inv Gro A Jefferson Kelly DA 40 $13% 13% 3% $74 1% % | Laure Sec Life Invest $10 10 2 %~3n7 3D 60 $294 294 on $00 110 110 «110 750 $i4%e 14 "4 110 334% 14% 34% 180 $25% 25% 25% + a 200 $544 S% 5M WS $334 34 Wa Ve m8 $15% 15% 15% 7250 $18 * 200 450 450 400 $16 16 151 $82¥e &2\2 200 $20% 20% | 100 $74 Ta Th 75 $274 27% 27% 7) $13 3 3 180 $53% 53% 53% ve 1355 $13 12% \2%e~= Ve 25 $359 352 352+ 200 $24Va 24% 24\2 70 $1) W 425 $144 144 710 S$8% 8% 25 $42 a 475 $124 12% 1100 420 415 110 $28Ve 280 258 $70% 70% 125 $11 n 100 $17¥2 17V4 $36 $21" 21% 100 $25% 25% 2400 700 690 200 360 340 130 $16 725 330% 125 $13% 100-4125 250 $23 1940 $22%4 oeb Maclean H MB Ltd Magna Et Mass-Fer Met Stores Molson A Montex Scot Mis pr Shell Can Shell Inv p Shell Inv w Shopper Ct Silverwd A Simpsons Stl s io Steel Can Suptest od Tamblyn Texaco pr Thom N P Tor Om Bk Tor Iron W Traders A Transair Tr Can PL Tr Can Pip Tr Can P w Trans Mt UnAcc 2p Un Gas U Corp B Vie G Tr Walk GW Weldwod Westc'st Westeel Weston A Woodwd A 400 6 215 $31% 31% 190 $48% 250 875 875 256 $16% 16% 164+ Ve 300 300 300 300 225 $114 11% 260 $12 710 $15% 1645 $29% ro) % 100 $8% mm -- 1400 $272 27% 274 -- % 180 $232 232 23% | 145 SIV. 18% 18% 1S $26 26 W4 -- 1% 15% Sales to 11 a.m.: 649,000 Agnico Bralorne Coch will Gunnar Langis en eck Utd Keane FOREIGN ATRADING 2 192 100 _ Two Calgary Steelworkers Face Charge After Blaze CALGARY (CP)--Two strik- ing Steelworkers, Gordon Rath- well and David Larry Peterson, were charged with arson Sun- day after fires broke out at the homes of three men who had crossed picket lines at -the struck James United Steel Lid plant. Witnesses said they saw men running away as the fires started. All three had crossed picket lines set up by Locai 392 of the Boilermakers' Union, which struck the plant a month ago in a dispute over job classification procedures and fringe benefits Company President James F McArthur said other employees have reported slashed car tires and broken aerials. One em ployee was beaten by four men in a downtown beer parlor, CELEBRATE 1967 REGINA (CP) -- Twelve In- dian bands are among Saskat-| chewan groups who have had| projects approved by the Cen- tennial Commission. The Com- mission has approved a total of 05 projects involving 502 Sas-| katchewan muni c ipalities as} well as the Indians. Total esti-| mated cost is $8,751,000. with federal and provincial grants amounting to $1,413,000. | months | 1965, $1,925,000, ter "69 cents a share, compared with lcompared with' $42,030,137 | $86,789,519 "| were up 13.6 per cent, 1966, share; June 30; cents a 24 cents Canadian Export Oil and Gas Ltd., year ended April 30: 1966, 4 | $87, 467; 1965, $817,698. ended $2,385,000, 29 Bell Net Income | Shows Decrease MONTREAL (CP)--Bell Tele- phone Co, of Canada had lower net income in the second quar- of this year--$20,786,229 or $21,673,370 or 73 cents the similar 1965 period. For the first six months of this year, however, income shows a slight increase on the strength of the company's first- quarter performance In the six months ended June 30, net income was $42,294,816 in in 1965. Net income in the 12-month period ended June 30 rose to from $84,080,263 on operating revenues for the pe- riod of $619,781,719' compared with $565,635,662. In an interim statement to shareholders President Marcel Vincent said that while operat- al, . ing revenues in the second quar- ter rose 8.7 per cent, expenses This was due to higher costs for mate- rials and labor. WALLY GALES Representing AMERICAN GROWTH FUND LTD. FINANCIAL PLANNING THROUGH MUTUAL FUNDS featuring AMERICAN GROWTH FUND 67 King St OSHAWA, ONTARIO PHONE 723-8801 LEE GALES -- WALLY. GAL ES flared, the announced yield was harnessed faster, ee KRYPTOK $18.50 $18 *f THIS choice at the ONE LOW PRICE of $18. 17 Bond St. East 2nd Floor Branthes in Many Puncpol ULTEX .50 ALL GLASSES ONE LOW PRICE 50 THE MOST OUTSTANDING OFFER IN OPTICAL HISTORY Te everyone and anyone who needs or weart Bifocel Glasses: hare ie the mest 65 STYLES, SHAPES AND COLORS TO CHOOSE FROM Choose the bifocals that you want and only you need for YOUR special require- ments, Select from a wide assortment of frames, the one your taste, personality and facial contour. King offers the Lowent Pri Highest Quality at one low price, Won't you compare... comparison proves, SALE POSITIVELY ENDS SATURDAY, AUGUST 6, GLASSES WITH SINGLE VISION LENSES... «Stith ony $] NO APPOINTMENT NECESSARY WE FILL ALL PS! OCULISTS' AND OPTOMETRISTS' PRESCRIPTIONS AT THE SAME LOW PRICE FLAT-TOP $18.50 COMPLETE WITH FRAMES AND BIFOCAL LENSES WEEK ONLY !1f 1966 295 9 a.m. to 5 p.m. Daily Closed Wed. All Day crease is spread over at least | four more companies which have seriously entered the field, | | The report shows the firms) sold 34,450 in the first half of| this year compared with 34,021) in the same period in 1965. | It says the three leading sell-| ers of imported cars are Volks- | wagen Canada Ltd., with 97.8 per cent of the market, General | Motors' Envoy - Vau:.nall divi-/ sion, with 19.8 per cent, and) British Motor Corp, of Canada Lid., with 13.4 per cent. However, the report adds, | these companies are doing less| business this year than they did} ! Che Rib Room Will Be Closed Sundays For The Summer Served Daily 11:30 - 2 p.m. -- 5 to 8 p.m. GENOSHA HOTEL ---------------- Continental French Buffet o IGHLY RECOMMENDED year ago. 1000 BRANCHES... and the deepest roots in Canada SUSSEX, New Brunswick, welcomes a new branch of the Bank of Montreal this week. It's the 1,000th office of Canada's First Bank. Rooted in the soil of Canada for half a century before Confederation, the Bank of Montreal today serves well over three million customers through its network of offices stretching from coast to coast and reach- ing to the far corners of the earth. BAankK OF MONTREAL Canada's First Bank Phone: 728-1261 Ay €xp06/ Canada's World spectacle/Montreal, Canada, April 28---October 27, 1967 a == ar

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