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WINTER INORK PROJECT IN BARBIE Winter work helps employ ment and around the City 01 Barrie number of projects are being carried out with this in view One example is the construction at an oiiice block depicted above on the east side Memorial Square The three storey building was start ed in early winter and it is one pooled to be completed by June It gives employment during construction to an aver ago of 15 men The contractor is Emery Engineering and Construction Company Ltd owners of the premises are luscon Leaseholds Barrie architects for the 11200 sq It building are Salter and Allison Examiner Photo Living Beyond Means Coyne Warns Canada VINNIFEG CF Canada is in vulnerable and precarious position by trying to spend more than it saves James Coyne governor of the Bank at Canada said Monday We have tor at least five years been living beyond our means on grand scale he told the Canadian Club of Winnipeg Canada must adopt more moderate approach to capital spending to help the country live within its means and to channel production into goods that will help to reduce the big trade deficit Trying to pursue an unrealistic rate growth most certainly will lead to inflation to misery or individuals whose incomes cant adjust to higher costs and to serious displacements in in STOCK MARKET dustries unable to compete in world markets or at home Mr Coyne said FALSE IIOPES He said Canadians may have comforted themselves by think ing that the countrys expansion would provide enough extra pro ductiva capacity to enable Can ada hetore long to balance lor elgn accounts live within its means and even start to pay oil the foreign debt But this has not happened he said bluntly Exports are rising but im ports are rising taster We are not producing ourselves out at our import deficit but are getting in deeper Canadas commodity trade de ficit was running at about $500 000000 year In addition there Trading Dull Volume Drops WRONTO ca The stock market continued to fall during agile dull trading today The 11 em volume totalled 001000 shares much lighter than Mondays turnover of 059000 shares at the same time Du Foot of Canada and Ogilvie Hoar led industrial winners with gains at one point at 27 and 46 On the losing side Dominion Foundries and Steel lost at an August Corp Alsoma Steel declined at 83 Falconbridge edged ahead at 81 while International Nickel slippedrye at 00 In uraniums Consolidated Den ison and Gunnar each gained Va at and 10 respectively golm went down it at 12 OnMonday the market fell in all sections Index losses Industrials 336 at 51160 golds 46 at 0020 base metals 176 at 17130 and westlt em oils 164 at 10339 The final volume was 3101000 Seasonal Adjusts i555 loss shares compared with Fridaya 3434000 International Utilities was oii at 847 and Abiiibi tell at 391 Steel Co of Canada was down 11 at 83 and Moore Corp was off one point at 41 Bank of Montreal gained 1A at 544449 and Distillers Sea was ahead at 30 Mines were active Interna tional Nickel tell 11 Ill Falconbridge was oli is 81 Consolidated Denison fell =14 at 107 while Gunnar and Algom each slipped 14 at 10 and 12 Pacific Petroleums was down 56 at 11V and Hudsons Bay Oil was oft0t at 13 TOBACCQ AVERAGE TILISONBURG CF The Ontario Flue cured Tobacco Growers Marketing Board re ported sales Monday of 1491044 pounds at an average price of 5325 cents pound Sales to date are 59541553 pounds at an aver age price ol 5482 1351 1555 1355 1959 EMPLOYMENT PICTURE Employment tended to level out in the second half at 1059 but nevertheless averaged about per cent higher than in 1958 Parttime work dim inlshcd and productivity in creased considerably Non agricultural employment was up by around per cent the biggest gain occurring in the service industries and in some segment at manufacturing Farm employment continued the longrun decline The growth in Canada lnbor forces slackcned preceptibly largely became ot the further decline of immigration to the lowest level since 1050 Accordingly the increase in employment was enough to absorb the new entrants and to reduce unem ployment noticeably below the previous years levels Yet as may be seen trom the lower part of the chart above sup plied by the Bank of Nova Scotla the percentage of the labor force without jobs and seeking work remained close to six per cent when allowance is made for seasonal influences This is considerably higher than in the postwar years prior to 1050 was growing annual deficit in international payments tor non merchandise items including in terest and dividends on foreign borrowings and loreign invest mentsin Canada Mr Coynesuid this deficit in creased last year to around the 1956 level of $1366000000 and seems likely to increase in 1960 to new record high figure at $500000000 or more TOO MUCH COMFORT Canada had invested mudi greater volume of capital pro portionalely than the United States without getting com ulrlensurato increase in produc One reason may be that larger proportion 01 our capital spending has gone into the de velopment of facilitiestor our greater comfort and enjoyment rather than into an increase in productive capacities If Canada were willing to limit new investments to the savings that can be raised in Canada this would reduce inflationary pressures cut the deficit on in ternational payinents and inlt crease Canadas ability to oom pete in export markets Mr Coyne said Canada can maintain sound rate of capital expansion without borrowing abroad He also said it isnt necessary to maintain the past rate of capital spending in order to maintain employment NET EARNINGS By THE CANADIAN PRESS Consolidated Denis an Mines Ltd year ended Dec 31 1959 517 890000 $402 share 1950 $9 6000 $52 Dover Industries Ltd year ended Sep 1955 $2593 $175 shar 958 $231294 3162 share Canada Permanent Mortgage Corp yearended Dec 31 1959 52029572 1958 $1905049 Canada Permanent Trust Com pany year ended Dec 81 1059 $234734 1958 $226538 Sugar Beet Farms Set Yield Records cnaraam or Despite ad verse weather Southwestern 0n tario sugar beet growérs set new records in tonnage and yields in 1959 the Canada and Dominion Sugar Co said Monday The 1950 crop year saw more than 508000 tons of sugar beets harvested from 34000 acres record yield of 147 tons per acre Average sugar content ho ever was the lowest since 1921 1801 per cent INVESTMENT CHATS Crawford and Co Ltd 89 Dunlop St PA arm This WEEKS masrlvmnn mun Snuflt Prize Yield Can 5117 due on 10010 47 Cm due DEC 1550 anon can as one May on no am My Sept me am law luss cm 555 Aug 157779 soon Ont due Nbv 1559 9916 Out due Nov 1510 91W Met Tor Nov 175 9300 Qua 11de Nov leeo mo qua we am 9900 Bell lel on Simpsons opt ov lM H001 Alumlnlum BASILTQI can 3557 due on My Cdn Brew Jill 1583 ERGO ath on was 11400 rem areas99039 sans BUSINESS BAROMETER Caribbean Largest Market For Paints And Varnishes Mouldpetm andsurn hhumhmmillianinmo towaoonulumndthowrld The Caribbean according to FenianIda magazine is our ill11m market Ind took toldmwotthotCInadhnpninh nntlnrnishelln1951nnld3893 omwwthlnltfifl Thellnitodstltu lntcrms dihllhmbtvlinsil CNR Poinis To Widening Split In Revenues For Subsidy Claim UIIAWA CBCanadas pub liclyowned railway has pointed to widening gap between rev enue from expert grain treItic and from all other shipment to hack claim or new govern ment lublidy The CNR blond called on Charles Mctoy at Montreal may retired assistant gen eral lght trailic manager to explain to the royal commission on transportation how grain rates trait lit in the general height rate Itruotilro The CNR and the CPR have asked the commission to recomlt mood adore subsidy to cover reported loser at 3705001300 year in hauling export grain at axon pegged by law at pro1060 nificant quantities 1mm Candi bu it is still our amend largest lords autumn it purdiosed varnishes to the value at 5111000 in 17 and mm in 1958 and other points worth mom and 8150000 Canadian paint firms anxious to tum their rules by enters log the export market will have to be prepared or ken cun Mr McCoy testified that while grain rates remained unchanged the railways met rising costs by increasing rates on other ship ments Competition from trucks has narrowed the traltlc area in which rates can be increased Now he sold the railways ind it dllficult to improve their over all revenue without putting greater bindon on this narrow ing segment ol nonCompetitive it The CNR expert said revean pol tonmile or all traffic ex cept grain rose 00 per cent in fig years climbing to $209 in In the same period revenue per tonmile for grain dropped to 50 cents in 1958 from 53 cent in 1951 TORONTO CHOntario tour in resort ownen urged the pro vincial and ledernl governmutl Monday to give partial guarantee to loans at cutrent interest rules for resorts resolution passed at the con ventlon at the Association at Tourist Resorts at Ontario asked the governments to come to an immediate agreement on meth ods which will enable the resorts to obtain loans through uteir lished banking ontietsi 11 All EXAMINER TUESDAY JAN 19 1980 Au IND VolUM OF MIBNALPRODDCYIOM www lunchu 1m NATIONAL PRODUCTION BOSE 1959 he nine at Canadas total RodinAlon to 1m swear to hnvrrun somewherebetween and M96 billion This Win In increase over 1050 at little in than seven per cent Prices though they tended to level oll during the locum print yearlzv neverthe av near two per cent higher than in last and the physical volume at produo tlon thus appears tohave been up about 4025 per cent This was greater rate of expan sion than the average postwar period as whole and it brought fuller use of the countrys manpower and plant resources It was appreciably smaller however than the robe of grovfith in the buoyant years of 195052 and 195550 Donnrem gtEYICARE OONKUL Noel GI Stephenson RO OPTOMuETRIST ImmsoNfl 0mmer F0 APPOWENI PHONE PA H201 Yesilleresv on at homep insurance service in Barrie policyholder known so well Metropolitan has been pioneer in the at some type of insurance For great manyyears in Canada and in the United States our capable represent afives have been calling on policyholders at their nfiiom places of andthmrhomesasweil IheMmpoiitanDistrictOfliooianiehépsdnAgentwhogiveeyon complete at home insuianw service This Ofioe employs local people who are trained insurance specialists They are always lady and anxious to give you the prompt personalized insurance advise that has bacon Iynmymomwim the name Metropon METROPOLITAN wnnaaswimsnch greatlneed for local only personal type rm mamfiaitmayhefimdymmenfionagainwhatevhyMwOpditon nmmwmrhdmitl Mr Dyer Chartered mobstde 1321mm appointed Manager of Metropolitan Barrie since 1948 startingas an Against Parkdnle tomato District In 1951 he was pro AskmntManaguandin I954 wasappointedaFieldhah ing Instructor At the time of his pomnntion no Manager been with the Company muted Barrie he was Manager otthefiekl lre INSURANCE COMPANY Mom comma 9am Shedefl3i1nig ones 7mm em Guoodlaoflend uo wgamsmmsowb business Helm DUNLOP mm BARBIE ONTARIO flnmlhe mama do Manager in the Barrie District EDWARD Dyan mm Assistant Managers Fanatics Courses WILLIAM Hiram ELTDM PARKER Agents Panama Amenrim WESLEY BOYD DONALD Coutson Douous Como HUGH Courses Annanw Cununramu Km DAVIS MAC Dououls ARTHUR Darvon minim chat Bremen Leanne mm Mnxwm 1m MAXWBU Gnome MCKAY ALVIN PEAOOCK Kmart Roman RALPH SCARLET me SILVER Lawmcn 81 Alanna HARRY STEWART QflinaSIlpnrviaor Insomnia Clerks Assistant Office Supervisor WW Non 111mm humour ESTBEIMMAY HmMSMrns Wuhan