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ene SAP oe wget ey stay Sey Se api ms Ti LE Tot rrrrrT Try ltt MARKET TORONTO 10:40 A.M. STOCKS Distributed Toronto Steck Exchange--Aus. Pl + gig In cents uniess lot, xd--Ex-dividend. from |) xr--EX- xw--Ex-warrants, Net change Is closing previous board-lot sal 48 163«17 Acme Ges 000 35 All Pitch a 1700 53 Vv 33 1%. 3B 16 ns 2 " v7 3 1% 3 v 120 120 ns 0S 6 6 6H 640 + neu 11% 11% + um ub 440 440 To 138 «(138 10 135 1' gesbiddenatiseds + 3S 4 74 14 12a 124 12% 225 225 225 U4 UW A+ 6 6 1% 13 3888 "ao -- Wat 6&6 © & $12" 12% 12% Ae ES se | 2% DY' 4 7 35 rm 2 vA 3 + 72 50% -- 16 ee88ese3 $55 172 «172 $50%e 50% % 17 (165 (165 = 790 790 790 Vv 3 13 135 136 u 2s marked $. Net Bock Seles High Low a.m. Ch'ge -1 I ns --8 2 -v ~~" a -1 zetez EJ Bp TegeditHeF? Soy posse ea} e Cdn Cdn Tire A Cc Utilities ¢ Vickers cw Pi Chemcell Clairtone Inco RESSEnESSES 5 " Columbia Columbl p Con Paper en 3ss Cons Gas Crain RL Crush inti BsSsbhe 2 2 " 2 " Hayes St! Hind Dave Hughs-O B Home 1 Huron Eri Husky Ol! va} Husky C pr H Bay Co % We 2 int Bronz p 1 Int Nickel Int Util 350 350 Th Th Soi 8% $3 3 OB 934 $874 87. «87% $2404 "\nis Tijuana Brass band wi BUSINESS SPOTLIGHT at this point, plans no drastic moves to roll back rates. One government source said such a switch in policy might do more harm than good considering the delicate nature of the problem. But the door has been left open for a possible tax increase, partly to help pay for the ris- ing costs of the war in Viet Nam, to cover extra appropria- tions voted by Congress, and to help dampen inflation by cut- ting off some of the consumer demand for goods and services. "Tt's still an open question," By JOSEPH R. COYNE WASHINGTON (AP) -- The tight money picture tightened another notch during the last week and the outlook is for more of the same, at least in the immediate future. Interest rates--the price bor- rowers pay for money--now are at record or near record levels and pressure for further in- creases will undoubtedly inten- sify before easing up. A com- bination of factors will make September a key monti. The Johnsoin Administration Tijuana Brass Band Head Unused To Success Smell By HAL BOYLE NEW YORK (AP)--'I don't seem able to get caught up with success," said Herb Alpert.| . . "Tm not used to it. \tired of protest ena Ours un "My goal isn't to make money|has a happy so e BR find out what life is."| Perhaps Alpert himself was But at 29, Herb, whose dark subconsciously looking for & sideburns and matador build|happier sound. One of his rake him 100k like the late Ru-|chores during a two-year stint dolph Valentino, is riding ajin the army had been the play- golden avalanche. ling of Taps at funeral services. The slender trumpeter and|Some days he blew this mourn- jj|ful farewell salute as many as never in advance really put your finger on one that the public will take to," said Herb. "But perhaps people were Tight Money Picture In US. Likely To Tighten Further one administration source said Saturday in emphasizing that no decisions have yet been made. MONEY NEEDED A request to Congress for a tax increase, however, is more likely to come next January, if it comes at all, when the ad- ministration is expected to seek more money--possibly ee $5,000,000,000 and $6,000,000, --for the war in Viet Nam. For the immediate future, the administration was reported planning no further request to Congress to limit interest rates beyond what it has al- ready proposed. And these pro- posals are designed mainly to make more money available to the home mortgage market. Some members of the Federal Reserve Board, which has re- peatedly tightened credit over the last few months as an anti- inflationary measure, have pub- licly urged the administration to seek a tax increase to dampen _ inflation, contending tigtt money is being asked to One administration source said the federal reserve, in tightening the money picture, is convinced that any loosening would not result in greater out- put but only in higher prices-- in other words, inflation. carry too. much of the burden. + Pa a ee evr ewe ve Adverse Economic Effects Will Be Kept At Minimum Rv KEN SMITH Canadian Press Business Editor Threat of a rail strike had in- dustry checking its supply lines last week. Although a complete tie-up ob- viously would start making it- self felt immediately, many ma- jor industries indicated they hope they could maintain nor- mal or near-normal operations for two, three or even four weeks. Since almost no one expects a prolonged strike if the rail workers do walk out, chances would appear good for keeping the adverse economic effects of a stoppage to a minimum. Oil company spokesman say major centres should not suffer! even from a long strike, but more remivic azcas contd start running short after about two weeks. Car makers say they expect to be able to supply their out- lets by using trucks, although some slowdown could result. Since both Ford of Canada Ltd. and General Motors of Canada Lid. are shut down for model changeover, they have some extra leeway. Chemical companies, how- ever, say they could be affected within a few days. "We have pre-stocked our in- ventories and have pre-shipped many orders," said R. C. Dusto, assistant traffic manager of Un- ion Carbide Canada Ltd. HAMILTON (CP)--A motion to make mortgage interest and municipal taxes on residential property deductible in comput- ing individual income tax re- turns is among 136 resolutions to come before the annual meet- ing of the Ontario Municipal As- sociation this week. The four-day meeting opened Sunday with a session of the} association's resolutions com- mittee. More than 1,000 dele- gates are expected to attend from communities across On- ario. Most of the proposals call for higher grants to municipalities Municipal Tax, Deductible, Placed Before Convention Both Toronto and Timmins in- tend to ask that the ceiling be lifted in computing municipal taxes on Bell Telephone Co. property. A similar resolution was endorsed by the association in 1965 but it received no atten- tion from the provincial govern- ment. St. Thomas is asking that the ceiling for goods raffled for charitable purposes be lifted to $3,000 from $50. Windsor wants it put up to $7,500. In Sunday's meeting, the res- olution committee gave support to a Hamilton scheme to speed up emergency blood trans- THE OSHAWA TIMES, Mendey, August 22, 1966 .1§ Textile Strike -- May Be Settled MONTREAL (CP)--The 4% month strike at Dominion Texs: tile Co. Ltd.--longest and cost est in the industry in this prove, ince's history, could end with "But once the trains stop running. there is no way we can either receive or Geiives chemical products. Trucks just don't have the capacity to carry things like quid oxygen and ni- trogen." A spokesman for the T. Eaton Co, Ltd. said the company has been building inventories at warehouses where possible, but a strike could cause some deliv- ery delays after about a week. The steel industry indicated it would not be seriously affected, at least for some e, since most of its shipping and receiv- ing is done by water. Elsewhere on the business scene, Bell Telephone Co. of Canada Ltd. made what is esti- mated to be a $60,000,000 offer for control of the major tele- phone companies serving Nova Scotia, New Brunswick and Prince Edward Island, IN CANADIAN HANDS Announcing the bid for Mari- time Telegraph and Telephone Co. Ltd. and New Brunswick Telephone Co. Ltd., Bell Presi- dent Marcel Vincent said the |company feels it is essential that as much of the industry as possible remain in Canadian hands. The offers, good until Sept. 8, are three Bell shares for every five Maritime and five Bell shares for every 11 New Bruns- wick. If successful, they would acce- lerate the trend toward consoli- dation of phone companies in Eastern Canada, especially Que- bi Marcel Pepin, president of the Quebec> based Confederation of National, Trade Unions said Sunday. ~ The striking National Feder- ation of Textile Workers' (CNTU) membership called @ meeting for Tuesday to vote on. ratification of an "agreement in. principle," which, if acce would signal the end of the , lence-ridden strike which bega®' April 1 in Magog, Que. Mr. Pepin, in an declined to disclose the of either the agreement or the. draft contract, drawn up Satur- day after 22 hours of continuous negotiations in Quebec City with Maurice Bellemare, Quebec la- bor minister, acting as a medil- ator. Mr. Pepin said the union lead- ership and that of the CNTU would recommend the proposals be accepted. ec. Continental Telephone Co. a subsidiary of the American Con- a 8% 8% 70 88 500 | but they range from a request High interest rates are only 4/+, introduce reflecting automo- fusions in cases where parents refuse consent. Under present tinental Telephone Corp., re- gross an estimated $32,000,000 18 times at military ceme- cently has bought four small iteries. oe % 1" 193 2800 210 r:) + + 800 300 800 $21% 21% 214-- $744 14% Tha -- KO 9% 9% W4-- W40=6«113°«*113 aE Re 96% $10% 10% 10%+ % 36% 6% 5 2 " "Ms "% 2 se 2 $12%e 12% 124+ % 2 31% 350 7 $25 24% $31% 31% 200 350 350 | bees A i th lt of break- fae Fhe rd -vvheriong | His six-man band has made The sound barrier they broke |S!X albums of which 11,000,000 was the sound of rock 'n' roll recordings have been sold. All which has dominated the music|SiX are still on the "top 40 world for years. They created ro Pca oe nd|top five cu ; a rollicking new sound, 2 sou Dae of his two firms, the A in which Alpert wedded Dixie-| land jazz and the spirited |and M Record Co., expects a s of Mexico's strolling|&Ss of $30,000,000 during 1966. ptt ford gaa ' elHis other firm, Tijuana Brass Enterprises, sould gross better |symptom of inflation pressures |); | ' bile licence plates to a call for Decanse moUry: ed a other an investigation of rising con- commodities, reacts to the 1aW| sumer prices. of supply and demand. | J. W. Spooner, Ontario min-| The actual amount of money|ister of municipal affairs, is to in circulation has risen this year| address the convention today. but the demand for it has grown) «4 Windsor resolution asks even faster, especially to fi- nance record business pur- chases of plant. and equipment which are expected to exceed that all orders issued under a minimum housing standards by- law be registered on property deeds. It is aimed at preventing legislation, a child is made a ward of the Children's Aid So- ciety when parents decline con- sent for a transfusion. The Hamilton resolution calls two medical doctors feel a child's life is in danger. a pair of motions providing for an immediate transfusion if The committee also approved Quebec phone companies and is moving toward a fifth. Anglo-Canadian Telephone Co a Montreal-based holding com- pany for General Telephone and Electronics Corp. of New York, recently got control of Quebec- Telephone -- which itself had purchased five rural companies during the last 18 months. "GARY NESBITT Representative SUN LIFE Herb, who has been blowing) the trumpet since he was eight, first experimented with the new sound in a Los Angeles garage back in 1962. But it was a full two years before the sound really caught the national | fancy. CAN'T PREDICT SUCCESS "There have been a lot of new musical sounds, and you can 'NEWS IN BRIEF INQUEST ORDERED AYLMER, Ont. (CP)-<An in- quest will be held here Sept. CONTROLS B.C. TELEPHONE 'Angio-Canadian also controls i British Columbia Telephone Bell with assets of about $3,000,000,000, joined the expan- sion race last June, when it got Northern Telephone Ltd., serv- ing 160 communities in North- ern Ontario and Quebec. safer driving conditions in the province. One of them asks that the government compel manufac- turers to build cars with more regard to passenger safety and less to stylish designs. Another recommends driver training courses in Ontario secondary schools. $60,000,000,000 during 1966. 18 OPPOSED Many economists have rec- ommended suspending the seven-per-cent investment tax credit on new equipment to lessen demand in this area but Treasury Secretary Henry H. Fowler renewed his opposition to this approach only last week --after commercial banks raised their prime interest rates for the fourth time since last December. This is the interest rate granted to a bank's best cus- tomers, usually large corpora- tions. It has risen from 4% per cent last December to the pres- slum landlords from evading re- pair orders by selling their property to tenants under exces- sively long finance terms. In the field of education, Woodstock will seek a provin- cial government study on school designs and specifications with a view to providing basic stand- ard plans. REQUESTS VARIED Resolutions dealing with gov- ernment financing vary from a Toronto request for municipall- ties to receive 50 per cent of income tax collected by the province to an extension of the eligibility period for centennial grants to Dec. 31, 1968. $1 $15% 15% 15% 77 7 7 + Site 18% Wa-- % $2614 26% 26% $13% 13% 13% 350% $12 ii] Enterprises, should gross better than $2,000,000 from the band's concert and television appear- ances. His tremendous success has had little visible effect on Herb. He has bought two new Cars, but he lives in the same home and is investing his income to provide for the security of his 'two small children. Assurance Company of Canada Oshewea Shopping Centre Phone 725-4563 1 1 nN = 3194 We 19a + o.# Bh We -- Ye 176 12% + Me NV VW 13% 13% " 10h 10% 10Va-- v4 55 S10 510 30 ; 210 210 210 S13 $23 $10% $104 200 $13" an 3 + Wu We WO 10% 13% 134+ % 12 12% His longest previous stay on a& high wire was one week. $26%4 2644 $13% 13% $15% 154 @es8u3 gidssdisst saebcoxsdas= 3ghshs3 zB) 3000 33% 3 OILS, GAS S23 2 « WOO 380 380 300 40 455 + 150 $10% 10% 10% + 200 400 200 200 350 350 6350 300 $10% 10% 10% 58 258 «(258 ss 63S 20 , Oe 35 v7 9 + 34 24 hm th th the INDUSTRIALS Abitibi 1125 $10% 10% 10%+ 200 = Viincreases, "m pr Brazilian BC Forest BC Phone Br Intl Fin bid 9 9 320% 20% 20% tr Le 7 7 7 + € 745 70 74 --10 200 +1 I in = $ |900 employees of three Hamil- $774 1% 27%%--~ Ve 00 $16%e 16% 16% 312 1% 12 32 2m 7 3% 3B Bet 1% 41% ah--* a+ & 21% mo --W Wh -- Ve 2558 + Ve 2 6 Weste'st Westeei Weston A 125 1 Weston B ¥ WwW Wsin épr 03 West Awt 218 905 905 905 Beles fe 11:00 a.m.: 486,000. FOREIGN TRADING Aunor 200 335 335 335 Coch WII 200 Dickenson 200 Langis ooo Medsen 400 700 550 860 850 100 ve + % Siscoe Willroy MUST FEED LEGALLY SAN FRANCISCO (AP) James A. Schroeder, 33' who defied a city bylaw restricting 2| where pigeons might be fed, has been sentenced for his crime. He must feed pigeons in the nine approved areas on the first Sunday of every month for the next two years, ruled mu- nicipal court Judge Elton C. 5 | Lawless. 900 Workers Accept Contract 2| HAMILTON (CP) About ton Cotton Ltd. plants in Ham- ilton, Dundas and Trenton have voted to accept a new 2514- month contract worth about 28 cents an hour per employee. A spokesman for the Textile Workers Union of America said the agreement provides wage retroactive to July 13, of eight cents an hour for women and of 10 cents an hour for men. On July 13, 1967, the women workers will get an- other seven cents an hour and the men an additional 10 to 13 cents an hour. |. Present wage rates were not v disclosed. a} " " ow OVER 40 YEARS EXPERIENCE! Take advantage of it! 24 hour ser- wice; and radio dispatched trucks elways on the ready to serve you. Fuel Oil Budget Plan available. NOW IS THE TIME TO CONVERT AND CALL McLAUGHLIN COAL & SUPPLIES 723 -3481 110 | KING ST. W. | MARGARET IS 36 LONDON (Reuters) -- Prin- cess Margaret became 36 Sun- day. She and Lord Snowdon are on vacation in Sardinia as guests of the Aga Khan. TOLL RISES SEOUL (AP)--The death toll lin South Korea's encephalitis epidemic rose to 43 as 17 more persons died across the coun- try, health authorities reported Sunday. The number of persons afflicted, increased to 399. THREE STRUCK VUKOVAR, Yugoslavia (AP) Three workers were killed by lightning near this industrial town Saturday night duhring a storm, 19 into the death of Georgia Jackson, the 20-year-old Aylmer waitress whose body was found March 16 in nearby woods 26 days after she disappeared while walking home from work. An autopsy showed she had been raped and strangled. HONOR 48th TORONTO (CP) -- The 48th Highlanders of Canada had the place of honor among 7,000 serv- ice veterans and militia who marched in the Warriors Day parade at: the Canadian Na- tional Exhibition Saturday. About 650 Highlanders from across Canada and parts of the United States and Bermuda marched in the two-hour parade to the grandstand area where ae 20,000 people. had gath- ered. BURIED IN COAL TORONTO (CP) -- Ivan Rae, 24, of Toronto, a sailor on the coal ship Ontario Power, was killed Saturday night when he was buried twice under sliding coal in the ship's hold. Crew! members had uncovered his| head and were applying mouth- to-mouth resuscitation when a second slide buried him again. SETS RECORD LE PUY, France (Reuters)-- French tightrope walker Henri Rochatain returned to earth Sunday night after beating his own record by spending nine RAINS FATAL BRATISLAVA, Czecho- slovakia (AP)--Torrential rain hit Central Slovakia Saturday, flooding many districts and kill- ing five persons, the Czechoslo- vak news agency CTK reported. AGENTS KILLED SEOUL (Reuters) South Korean counter - intelligence men killed three North Korean agents in a gun battle 12 miles from the capital Saturday, the army reported. CASH SHARED OUT Kuwait is the second richest country in the world, reckoned by production per capita, fol- days perched on a high wire|lowing the United States and over the River Loire near here.|preceding Sweden. Live rent free and make money ! Mr. pought this model for $14,995.00 in 1962. He sold it for $17,250.00 in 1966. He made $2,250.00 and lived rent free. Buy a home and buy NOW if you want to make money. Finished new homes in three areas of the city. Braemor Garde :1s, Downsview, Barkley Square. Open daily for your inspection H. MILLEN Real Estate LIMITED 128-1678 ent six per cent, a 33 1-3 per cent increase. Other interest rates are scaled upward from the, prime rate. Legislation now pending in bring over - all interest rates down. At least one bill would place more pressure on them. The measure most likely to win approval would permit the Federal National Mortgage As- sociation, Fannie Mae as the agency is called, to pump about $3,750,000,000 into the mortgage market. But Fannie Mae would get this money by selling deben- tures and short-term notes and by borrowing from the treasury. This means the pressures on in- terest rates would increase. congress to help the hard-hit home building industry won't Falconbridge Contract Vetoed SUDBURY (CP)---A package proposal for a new contract of- fered by Falconbridge Nickel Mines Ltd, was rejected Satur- day by representatives of Local 598, International Union of Mine, Mill and Smelter Work- ers. Robin McArthur, president of the local, said the union would submit counter-proposals today. The bargaining committee was given full authority to go to conciliation by a special meeting of the membership last Wed CUP COMES HOME HALIFAX (CP) -- The Brit- tain Cup, Nova Scotia's first schooner racing trophy, has come home after 30 years in the United States. It was awarded permanently in 1912 to Capt. John Apt, of Port Wade, N.S., whose daughter moved to Marblehead, Mass., but now has presented the cup to Halifax's Maritime Museum. day and Thursday. Mr. McArthur said he did not think arbitration would be nec- essary. A. E. JOHNSON, 0.D. OPTOMETRIST 14 King St. East 723-2721 This Model Sale Same Sold in 1963 Sold in 1964" Sold in 1965 Sold in 1966 Sold in 1967 ux ment is secure. Finished H. MILLEN SRC EARE REE RNERCEATeIEMORRERERNE NRHN TENNESSEAN INO 3 Bedroom Brick Split Level -- Sold in 1962 -- CoM eKoRKok © OK Tooker e Tore es CoM MOMer or Comoremcxorces If you want to make money BUY NOW in Braemor Gardens, a planned community where your invest- SCUGOG CLEANERS 524 Cromwell Ave. Oshewe 723-1159 1 . PORT PERRY 130 Brock $t. N. u 668-4341 985-2332 WHITBY MEMORIALS STYLING FOR MEN EMIL HAHN 364 Wilson Reed South 728-6007 Exclusive HAIR 728-3111 WN. MARTIN, PROP. J Located 1% Mile SHORTY'S CIGAR STORE , BRIGHAM BRIAR PIPES * Guns * Ammunition * 100 Kinds of Pipe Tobecco Hours: 8 @.m. to 10 p.m. deily 121 Brock N. 668-8361 NURSERY CENTER ® Highest Quality Nursery Stock © Open 7 Days A Week © For Free Estimates Coll... | John Brouwer Garden Centre & Landscaping 668-3396 Loeeted West of On Hwy. 2 Neer Red Wing. Orcherde" MERCURY TAXI q 24 HOUR' SERVICE "Radio cabs, es near es your: telephone!' ' 14 Albert St. 725 "Featuring This Year" 14 Ft. Aluminum LAPSTRAKE RUNABOUT Sleeper Seats, Flat Vinyl, Floor, Long Sheft, Padded Desh $ Best Value In Town ..-.. OSHAWA YACHTHAVEN Harbour 723-1901 HOW TO WIN Each week for 26 weeks you cen win a "Night on the Town", compliments of the participating businesses on this advertisement. All you are required to do is read through each advertisement carefully, There will appear in a num- ber of the advertisements each week, the letters forming the name of one of the participating businesses. Cor- rectly identify the business each week and send your answer along with your name and address to "Night on the Town". Contest Editor ¢/o The Oshawa Times. The first correct answer drawn each week will win a night on the " Oshawa's Finest Styling Shoppe THE HOUSE OF WOMAN * . 27 King St. E. 725-4321 town. Entries must be received no Price $15,100.00 Model $15,400. $16,995. $17,700. $18,600. 2722??? exer omen The Market Place FOR ALL YOUR NEEDS THE TIMES CLASSIFIED PAGES 723 - 3498 cease "= GLIDE'S | BODY SHOP Formerly Cook's Body Shop "Complete Collision, and Fender Repairs" ~-- @ FREE ESTIMATES @ 728-8542 J Regent Theatre. 175 King St. W. 4 "nar Bm Genosha Hotel 7 "MY ANSWER" ENJOY OUR R CONTINENTAL BUFFET THE RIB ROOM - Hrs, 11:30 - 2 P.M, & S - 8 P.M, Mon, to Fri. Sat. § to 8 70 King E. later than Friday noon of each week, YOU RECEIVE 1, Hele Style for the lady et the he House of Women. Meir ad for the men et Rudy's Heirstyling for Men. One Cosucl Dress and one man's suit dry cleaned at Scugog Cleaners for the i T by Mercury Taxi. Dinner for two In the Rib Room ot 2. 3. 4. 5. 6. 7. Nome Address ee eeeserserserseercoes eee reer eseeeesoers Town . weer eserves eeeseerere MRS. POWER 462 Elizabeth S. Oshawa 723-4641 homes ready NOW with 6%4% Mortgages. Open daily 2 to 9. Stevenson Rd. N. to Annapolis, west to Waverly St. Real Estate LIMITED 728-1678 anes Sie ARMSTRONG AVAILAB ROLLING HILLS ESTATES Grandview St. at Olive Ave. OSHAWA MODEL HOMES COMFORT LIVING LE IN TWO CHOICE LOCATIONS SOUTHWOOD PARK HARWOOD AVE. SOUTH ' AJAX OPEN FOR INSPECTION WEEK-ENDS