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Service Station Operators Fear Death Blow In Ruling OTTAWA CPI Features of the governments proposed anti Combines alucndments will strike mortal blow at the in dependence of service station operators the National Automo tiltaTrades Association said Thursday The association was the first retailers group to oppose the re salaeprice maintenance and loss leader changes in appearances bolore the Commons banking committee which is studying the prdilosed amendments The automotive dealers view differed sharply from that of the Retail Merchants Association of Canada which backed the goV ernuients plan to provide legal defences anag hractss ogcori dgfcnccs against charges of to sale price maintenanceselling STOCK MARKET Trade All Sect fTORONTO CP After promising start the stock mare ket did an aboutvtum this mnrra idg and went lower in all seen lions iiTlIE 11 am volume was 344000 compared to the 311000 shares Raded at the same time Thurs day Jihaan Paper led industri his lower with twopoint drop 80 Loblavv was ahead at ¥HDLUIIM and Labrador hopped it at 23 and 171 in depressed mines section al though Ventures went ahead 1A It 24 and Falconhridge and Nor ltnda were up 1A at 32V and 37 The market gain in all sections hlursday ll 0nindex industrials were up 58 at 48901 after an earlier gala of more than 111 points while golds were up 04 at 7508 base lnetals were up 70 at 115441 and western oil were up 29 at 8239 Volume was 1500000 compared pith 1348000 Wednesday at retail prices filed by the manufacturer BANNED SINCE I95 Resale price maintenance has been banned since 1952 The gov ernment proposes that where manufacturer is charged with re sale price maintenanceenforced by cutting the retaileroif from his supplieshcmuy wm acquit tai it he believed the retailer was using his product as loss leader was not supplying reason able service or was disparaging the value of the manufacturers product The association said in brief that these provisions major leat urcs of the governments antl eombines amendments will have the effect of legalilmg once again the practice of resalepnce eyerses ions Off Among papers Consolidated went ahead it at 399s Abitihi was up or at 39 and Bathurst and Howard Smith were up 12 at 43 and 39 Steels all showed gains Stelco up 11 at 71 Algoma it at 32 Dominion Foundries 1b at 40 and Westeel at 1256 Banks and utilities were mixed Great Lakes Power was off at 7A NOON DOLLAR NEW YORK 10 Canadian dollar 364 higher at $101 5764 in terms of US funds Pound sterling 132 lower at $200 1932 MONTREAL The US dollar was at discount of 2732 per cent in terms of Canadian funds near noon today Thurs days noon rate was Batr Pound sterling 3275 down 516 iSlaughter Cattle Actively Finn TORONTO cm Slaughter cattle sold actively firm to higher In spots this week at the Ontario backyards Cow prlces el per hundredweight Veal calf prices were fully $1 at 20 is ii be $2 per hundredweight lower Hog prices were $125 perhttadred weight higher Lamb prices were $1 per hundredweight lower on acareful sort Cattle receipts were some 300 heads fewer than last week and bout 300 head more than the same week in 1959 Receipts from western Canada totalled 455 head an increase over last week bf 34 head Western stock calves iiiumbered 71 head Seven car loads were shipped to Eastern Canada and there were no ex ports to the United States slaughter cattle Choice steers 13r24 with sales to 2425 and odd small lots to 2450 one straight load of fancy Angus 1170 pound hteels at 25 good 2223 medium 1021 sales to 2150 common 16 19 good heifers 2021 ivith sales 2150 and an odd choice to 15 medium 1719 common 14 117 choice fed yearlings 2324 good 2123 and cows 16501 medium common 1445 tanner and cutters 1214 good heavy balls H1850 common and medium light bulls $517 Relacernent cattle Good han dyweight stockers 23 24 with Sales to 25 stock calves to 2650 common and medium 18 22 Calves Good vealers 27 29 th choice at 3031 medium 25 common 2023 boners 1220 Hogs Grade 28 heavy sows ts ghts 21 stags 13 on dressed we tbasis Eda Interest Rate Canada interest rate increased Thursday to 323 per cent from 396 per cent last week with the sale of $95000000 in 91day gov wnment treasury bills It was the second weekly rise in the ratean indicator of con ditions in the shortterm money marketfcom the low of 290 per cent reached two weeks ago 1lit Stockyards Hog Prices Rise Sheep and lambs Spring lambs 27 on careful sort sheep 410 according to quality INVESTMENT CHATS Ft Crawford and Co Lid 89 Dunlap St PA $2431 International Nickel Company of Canada Limitedthe worlds largest producer delivered record 317040000 pounds in 1959 as compared with only 205800 000 pounds in 1958 which was the lowest level in more than de node Its nickel deliveries during the last part of 1959 and the early months of 1960 were extra ordinarily high and at rate greater than its production This high demand while based in part on the companys market development programs has been causing primarily by rising in dustrial activity throughout the world and by purchases by in dustry beyond immediate cort sumptiun needs in preparation for future contingencies includ ing the possible consequences of political disturbances affecting nickel producers in Cuba Many fear that Cubas potential output of 100000000 pounds of nickel year by Freepott Moa Bay and Nicaro facilities is imperilled by possible Government action In 1961 the companys new nickel mining project at Thomp son Manitoba which will add 75000000 pounds of nickel per year and bring companys pro duction capacity up to 335000000 pounds annuallycomes into op eration As a4result the nickel production capacity of free world producers outside of Cuba will exceed the anticipated nickel consumption for that year As for the present year the 115 Government has stocks of sur plus nickel more than sufficient to offset any curtailment of sup plies from Cuban production in 1960 The supply of nickel is therefore plentiful The outlook for 1960 is for con tinued capacity production at the mines smelter and refineries of Inco fllllKBlllliiPlllSTEllEll Billlili VENEER iz NATURAL srou VENEER STUCCO Compare our prices with moottown Lranlient outfit We have no giveaway gimmicks just low prices and high quality workmanship Easy credit terms No costly alterations in openings and Inundationr maintenance in the relatinns bc tween manufacturers and small retailers Kinneard association sec retary and Gordon Blair service station operator recom mends that customer use different tyne oi spark plug than the type he is required by his gasoline supplier to distribute he is in danger oi flaring his gas supplies cut oil To escape prosecution for al tempting in this way to enforce resale price maintenance the gasoline supplier could offer the defence that the service station operator was disparaging his product CIRCUMVENT BAN The association also argued that oil companies circumvent the ban on resale price maintcn ance in number of ways in cluding supplying gasoline on consignment rather than by out right sale Slncc resale price maintenance is forbidden only with respect to the resale of product sold to the retailer by the manufacturer the large oil companies could fix resale price and enforce it with the threat of cutting of the station operators supply with out risking prosecution The committee also heard further objections to another pros vision of the legislation in brief from the Canadian Manu facturers Association The CltlA argued that acourt conviction should he an essential of any action by the cabinet to reduce tariff protection to indus tries combining to fix prices shara markets or limit oompetilt tion legal counsel argued that where THE BARRIE EKASIINE TODAYS STOCK PRICES Compiled It noon by Flynn ll Collier SL Barrio FRIDAY JUNE 24 1960 mucunux Con Paper Consumer Gu Dia sax Dom Ynuna Dom Stores galn 111321 Amour G1 um Gat Pow Ihrdeo rum Hammotl Hudson Bay mu Imp Tobacco lm 011 In AccepL Inter Nickel Interprov Pip Asbestos Ahluoi Piper Algoma Steel luminlum Ltd Allierll Gas tms Steel at of uontml Bank of NS aeu TcL co auxinn BA Oil ac Power Cdn in of cum Can Brewerlu CPR chum Cement Can Chemical Can Curt 155 Jockey Club Canadlln Oil 11 Lohllw PM Can Min sm lulil our Powell luv mo rnlroubndrn Gcco miner Gunnnr llolunver KerrAddlson Lamaqua lttnrtttmu New Myl Walla Amulet 150 Hornetl zoo wiluey rrva alosr Acmz MINES Arm 0th Alumtnum all oil Imperlrl on Lntln American Royl Baal nrvmum nzcaananoss Minnesota ind Ontario Paper Co 40 cents payhie Aug cl dividend June 23 British Columbia Products Ltd lm cents pynnlc Aug dividend July Crnndlun oil Campanlcl Ltd common 20 cents Aug in ex dividend July in Penmans Limited common as cont able Aug ls ex dividend duty 14 preferred sl5o pryale Aug ex dividend June Texture Canada Limited common to rent payable Aug ex dividend July 27 White Hardware Ltd lst preteer 70 cents payabe July ex dividend June 22 mount of Canada Ltd corn mon 10 cents psyuhle July 29 ex dividend June to preferred 933 cents payable July is ex dividend June 2r ronoNro stock EXCHANGE mocx Industrhh down 51 Gold down 08 MetL1 down lv Oil down nowroses NEW roux AVERAqu inounmts noun oo Itliia up Utilities up at Maanr cesium 23 3590 17 20 55 we 15 am sm Jst 1w 25 or Massey Ferg Noranda Nor out NG aloom Corp Farm Pete rem Pt an No nayl flank so Law on Sllldl so Simpson Steel of Can Steinber Tor Dorm alt mns Cm no Index rm Texaco Union Gas Walker cow I1 ms 311 so 531 5531 210 so 1511 can bin Cnmn Cnlb Cm Del nio Con North con Dentson Con Morrison Con Hnu Danflon Sullivan am to 750 New Haven Caidstrelm onemlsn Qucmont Sher Gordon Steep uocx Unlch on l2 515 at The New Yer mullet made tumabout late he session ycs terday with the agiurd rails in the lead All three DJ averages scored ruins with utilities nt new 1050 thll stem ignored the new that Republic tr considering shutdown or one of its ingest plants and are today ignoring price words the market continues to ye euro the present situation in uteri as temporary The Canadian market ralllcd hall hcancdiy with New York but Ben orally action continued sluosua Sentiment was danEnCd further on thc announcement to President Ilallcy at Alberta Gas Trunk ul un reductions or us Stccl on all hot expected nnd very stubborn lull rolled steel producu In other pp tlan on pendlnl gas zxporta to Caitlth Ind us Yoda North west mater alenubile Chat mm McKinncn of the National be Baud laid the annual mu oz of the Canadian In dentition rt Murray my Quebec tart tho an Industry is an the SALE of can uowras Ail mowers in stock reduced by 10 and better to dieu5uch makes as LAWN aovs 18 and 31 flORO 19 and MW JACOB seN 29 ONE most HOESETILLEIL BU AND SAVE BROWN CO lie PA ssooo CANADA DRY GINGER ALB Sparkling Canada Dry Ginger Ate is the answer when youre really thirsty So flash and tasty long cool bottle of Ginger Als makes you feel new all over That cool otean taste goes great anytime anyplace with everybody Try it todayi Enjoy it often loLoA threlhold of hounded up nod He uttertea that rule of urtuul In rat you will be some ass billion cu Lwhlcn will dud bis by 61 one triple ay m7 Nuallt Thmeon and Co Ltd ammo Communist Chins claims pop ulation of 6400000 in an area covering 2109000 square miles YES Sill CHIP EFF IllE Ill Bliliill Youll want candid photos your little chtp to recall his early mu We have cameras mm PA 85950 PA 88484 CINIRAI MOTORS VALUE Pontiac has scored again with the style sensation of the year Every sleek line in proofoflontiaoa design leadership This in the ear that will retain the freshness of its appeal for yearn Pontiacs flair fol design makes your investment lasting one Gll on costs Pontiac in cuioying its most suaoeuful year because it has proved you can have luxury and Economy tool Not only is Pontiac low in price but its way up on nocoat extras Luxury featuresincluding dual ounxhades atopon parking brake cigarette lighter and many moreere standard on Pontiac 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dealer ll implicit MtlltlllS lrli I45 BradfordVSr PA 82449 Manufucfured by or under the authority of Canada Dry Limited CANADA DRY BOlTllNG C0 BARRIE llD