The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

- 8 THE OSHAWA TIMES, Tuesday, December 12, 1967 1968 Economic Forecasts Hedge More Than Usual 1968, has made Canada more Canadian Press Business Editor Sensitive vag ed to develop- ments in that field. Economic forecasts for 1968 ae Canada must look to the are starting to roll in, with] 1y'g for more exports in 1968 to bs ogg the usual number of make up losses from reduced ha wheat shipments and possible The most frequently used pro-|smaller sales to Britain follow- tective measure so far is for the! ing devaluation of the pound. experts to point out that their! Recently, however, there have forecasts presuppose renewed| en a few suggestions that this A By KEN SMITH for--recently has beén 40.7 hours, up slightly. from earlier in 1967 but, Mr. MacIntosh said, "nothing to brag about."' The index was above 41 hours during 1965 and 1966. "New orders for durable goods are drifting, expenditures for plant and equipment are possibly rising, though some- what erratically, and expendi- tures on inventories are moving more or less sideways. "The main element of strength in the business sector of the United States is housing, |which promises to be a major jfactor on the up side for the next two or three years at least. "Some of the other U.S. bust- ness indicators which are not impressive are the unemploy ment rate, which has been ris- ing considerably, the level of in- dustrial production, which has been running flat for about a) year, and the growth of retail sales, which has slowed down for the last 20 months." HIGHER PRICES? Another. more pessimistic than usual forecast at the U of T forum came from R. E. Sheen, deputy managing direc- tor of Hudson's Bay Co., who forecast a jump in retail prices of 4% or five per_cent in 1968. Most forecasts have ranged around 314 or four per cent. There was still more gloom in a medium-term survey of in- vestment plans of manufactur- ing, mining and trade compa3 nies. The survey by the Economic Council of Canada shows the companies expect their spend- ing on plants, equipment and machinery will decline progres- sively during the next five years to less than 78 per cent of their 1966 level. The companies surveyed ac- counted for more than half the capital investment made in Can- ada in 1967. * : be strength in the United States on|,,. rey which- the Canadian economy | {ith could be can feed. * | INDICATORS OFF Even Finance Minister Sharp,| R. M. MacIntosh, joint gen- predicting in his recent budget|eral manager of the Bank of speech somewhat higher pro-| Nova Scotia, told a business out- |duction and smaller growth in look form at the University of |prices next year, said his ap-| Toronto last week that he is at a | praisal anticipates a stepup in| loss to see the renewed strength jeconomic activity in the U.S. [which is opposed to making Basis for this dependency) itself evident in the U.S. |}goes beyond the usual tight in-|) Many leading economic indi- terlocking of the two economies.|cators do not confirm predic- Growing pressure on the U.S. | tions for an improved U.S. econ- money markets, with the U.S.) omy, he said. government expected to come| The index for average hours up with a budgetary deficit of at) worked in manufacturing a least $25,000,000,000 in fiscallweek--considered a key indica- Jail Staffs Incorporated 'In Ontario Public Service TORONTO (CP) -- Municipal financial burden on the munici- . |staffs engaged in the adminis.|tunity to pass the savings on to : et property taxpayers, sai rov- tration of justice and the staffs) incial Treasurer Charles Mac- lof municipal and county jails! Naughton. incorporated in the) About 1,000 municipal workers meet at Ottawa. PREMIERS GATHER FOR CONFERENCE IN OTTAWA and Robarts of Ontario ga- the Premier Yesterday's federal - vincial conference aon ing starts with handshakes China Seen pro- a hous- ther for three day (CP Wirephoto) . said a recent survey of signs of weakening. 1S. households found al-| Gallup said almost 49 per cent/% half those polled thought of those polled' in November|Will be . ¢ Ready To Strike the Chinese would intervene if feared Chinese intervention, as|Ontario public service Jan. 1, il/are engaged in. administering PRINCETON, NJ. (AP) -- A of the U.S. showed signs of win-;compared with 40 per cent in was announced today. justice and about 850 work in RI hn ning, or and 38 per cent in June., The take-over will reduce the!local or county jails. growing namber of Ame: o Nec Vietnamese! August! Whichever style you choose, you'll come out way ahead with Chevrolet's 1968 out-in-front features such as: Chevrolet's quietest ride ever, Smoother riding, too, with newly engineered springs and shocks, Computers have been utilized to place body and engine mounts at precisely the right spots to keep road vibrations away from you. Chevrolet offers you even better performance for '68. The stand- ard V8 is a bigger 307-cu.-in. engine. And the new optional 250 horsepower V8 runs on regular fu Chevrolet has more that's new all around. Hide-A-Way wind- | shield wipers have an articulating left blade that sweeps a greater windshield area. An Ignition Alarm System buzzes a reminder not to leave your key in the ignition when you leave your car. And there's more... much more that's new inside and outside on Chevrolet for '68, Chevrolet's got it by design. New Impala Coupes: with fastback or formal rooflines. A great idea! Two different rooflines for Impala Coupes... from Chevrolet by design. Some Impala buyers want the spirit-stirring excitement of the fastback look. The Impala Sport Coupe is just for them. Other Impala buyers want the town car sophistication of a formal roofline. Fhe Impala Custom Coupe is just for them. EVERY CHEVROLET HAS TO MAKE IT BEFORE WE MARK IT. MMPALA SPORT COUPE WITH SUPER SPORT OPTION Chevrolet' gotit for'68 IMPALA CUSTOM COUPE YOUR CHEVROLET DEALER CAN OFFER YOU THE BEST DEAL WITH HIS UNBEATABLE COMBINATION OF LOW i hie UNMATCHED CHEVROLET VALUE' AUTHORIZED CHEVROLET DEALERS IN OSHAWA-WHITBY: ONTARIO MOTOR SALES LIMITED NURSE CHEVROLET OLDSMOBILE LTD. 140 BOND ST. WEST, 1190 DUNDAS STREET EAST, PHONE: 725-6501 WHITBY, ONT. PHONE 668-3304 OSHAWA, ONT. + x ~~ 3 eycles, 2 speeds, full 12 tb. capecity tub, penser, bint filter, time eyele, DRYER: Fully Whumineted contro! pene!. Exclusive eleer elr-Hiter, es hon door opener, interior iiluminetion, eutemetic dry en kK KKK KKK * oe Bel STAN STARR SUGGESTS. YONCE (is * THE WHOLE FAMILY WILL ENJOYE % r 4 Look At These -.¢ Example Buys! 1 + WASHERS & DRYERS »: Fully Automatic A Wonderful Gift The Whole Family Will Enjoy! WASHER: iWumineted contre! pene!, wa jetergent sever iniet, bleach dis- OTHER MODELS IN STOCK WRINGER WASHERS fas --'CRECESELES: AS LOW AS A brand name wringer washer with pump and many other time saving features. ee eer ereeseceneseesees Before You Buy ... Give Starr a Try! Easy Terms Available 125 + % STARR FURNITURE & APPLIANCES poe 491 RITSON RD. S. - OSHAWA 723-8191 or 723-3343 OPEN EVENINGS TILL CHRISTMAS xaaKaKKKKKK + > Y mens. EQUES' Law won 3 trophy for toy lady rider and the Miss Betty W-Bar-L point aportsmanship trophy award which were present ed at the annual Christma: party Saturday at the club. Children's Chr Rids 500,000,06 * UNITED NATIONS (AP) The UN Children's Fund car of age today, 21 years af launching a shoestring mer mission. It now helps 500;000,¢ youngsters and may be « tended soon to North Vietnam Executive Director Henry Labouisse said the fund, kno\ as UNICEF, has helped Sou Vietnamese children since 1! and decided this year to explo possibilities of helping those the North. UNICEF's birthday spirit w dampened somewhat by the cc of soaring food and medic needs. In 1967, facing a famine | volving 35,000,000 mothers ai IMPORTED FOR WAR PERTH, Australia (AP) Spanish fleas armed wi deadly myxomatosis germs weapons are being imported f war on crop-destroying rabb in Western Australia, The ag culture department said t domestic mosquitoes, who p! viously used to spre myxomatosis, have failed { lack of fresh breeding water the hot, dusty Aussie outbac The fleas are expected to mul ply on rabbits alone. QAI II Ih NEW YEAR Sponsored by C 0.C.V.I. _ a . J a a J J a a d ; Sat., Dec. 30 - | 4 . a a oz a x d a TED KOSS and HIS Ticket: BILL HARMER 725-1058 RON CARNOCHAN 723-4443 SAM ROTISH MI REFRESHMENTS Se st el WINNER OF: 3 Sai c F ACADEMY AWARDS Jd INCLUDING ] « bs BEST PICTURE OFTHE YEAR! ' * oI I ALL SEATS RESERVED MATS. -- WED., SAT., SUN. STARTING AT 2 P.M. -- EVENINGS AT 8:30 P.M. SAT. EVE. (2 shows) 6 & 9 P. PHONE 725-5833 -- 725-5567 BE Hy Fe et Ot eto T FAN THE Available ir Now on sat Police want him deac DRGM presents METROCOLOR 2nd BIG HI Glenn Ford and Angie Dick wndLas Panavision Metrocol "JACK OF DIAMONDS" AT 2:10 - $:40 - 9:20 "LAST CHALLENGE" 3:30 - 7:30