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

TORONTO CP Investors who check the Toronto stock market index today may be startled to discover it appar ently Jumped more than five times since the close of 1976 business last week It doesnt mean that 1977 has started with stock market boom What the seeming leap for ward reflects is the newlyde Sighed system of measuring market performance called the ISE 300 begun today by the Toronto Stock Exchange The new index goes into oper Its not market boom its the TSE 300 base level for measuring the movement of stocks of close to 1000 about the same as the Dow Jones industrial average the most closely watched ba rometer of United States stock prices The ISE indicator will move in the range of between 950 and 1050 compared with 170 and 180 under the old system The new range of price levels was chosen to compare With the Dow However the ISE 300 is grouping of 300 stocks while the Dow index is made up of only 30 FOUR INDICES UP For the first time in 43 years the familiar four major indices of the Toronto ex changeindustrials base metals golds and western oilswill disappear from use The ISE 300 has 14 major groups of stocks subdivided in to 43 minor subgroups We will now have an over all measure ot market activity and performance which we did not have before said Berghuis chairman of the com mittee that worked on the new system resent quarter of the total 200 exchange listings but nearly all the stocks where there is substantial trading The main 14 listings under the lSE 300 will be minerals golds oil gas forest con sumer industry building transport pipelines utilities communic which refers to communications and media in dustries such as printing pub lishing and television firms fi nancial and management SOUGHT WIDER SCOPE These 14 major groups were deSigned to present crosssec We have attempted to make the various indexes responsive to the economic factors that move the companies operating profits around said Creet member of the index committee This arrangement and clas sification will provide an in dication to investors of the di versity of issues available in some areas of the economy but we realize it will also show up some areas where publicly traded company shares are lacking For example the old western shares of companies that pro duced and explored for oil and natural gas It did not include the huge in tegrated companies such as Im perial Oil Ltd or Shell Canada Ltd Ihese firms were listed in subgroup called refining OllS However some familiar names Will survive under the new system The golds for example will contain nearly the same issues with the major addition of KerrAddi50h Mines Ltd which had been included in the As well the paper and forest products group will contain all issues of the old sub group of in dustrials SOME SURVIVE Three other subgroupsfood processing steels chemicals and bankssurvive with the same names Other changes include in dustrial mines being integrated mines base metals changing to metal mines and oil refining being called integrated oils The new merchandise group in the top 14 will include stores food stores speciality retailers hotels motels restaurants and wholesale distributors Under the management group will be holding com panics with such varied in terests that they dont fit into any other grouping Among these would be Argus Corp Ltd which controls such enter prises as Dominion Stores Ltd the supermarket chain and MasseyFerguson Ltd the farm equipment manufac ation with an arbitrarilyset stocks EXAMINER TELEPHONES Circulation 726 6539 Clonilied Advertismg 728 24 All Other Departments 7266537 IIth YearNo The issues in the ISE 300 rep tion of the Canadian economy oils index included only the The Barrie Examiner Barrie Ontario Canada Monday January I977 old base metals index department stores Clip Eadie Examiner 15 Per Copy Carrier Home Delivery 85 Weekly clothing turers WEATHER FORECAST TINY NICOLE Deanne Larin actually robust eight pounds plus 77 is Barries Baby New Year for 1977 hav ing arrived at Royal Victoria Hospital at 544 am Satur day Proud parents are Mary and Ralph farm of Midhurst Hicole is the couples first child Exnmincr photo Citys New Years baby arrived one week early Barrie got surprise New Years baby Saturday Nicole Deanne Larin born at 544 am to Mary and Ralph Larin of Midhurst The eightpound 112 ounce girl wasnt due for another week was very shocked Mrs Larin says Nicole the couples first child was delivered by Dr Santa Rossa and was the first of two babies born New Years Day in Barries Royal Vic aria Hospital The second Brandon Qumn eightpound 9lgounce son of Rosemary and Ray Quinn of Oro Township arrived at 62 CAPSULE NEWS pm Mrs Larin former day care worker said she had heard advertisements concerning the merchandise to be given the first baby of 1907 but didnt pay any attention Mr Larin manager of Naiagra Finance in Barrie said his main hope was for healthy baby and he wasnt too worried about whether he got son or daughter Once you see the baby it doesnt matter he said Does the couple plan to have second child Im sure therell be another one in the picture sometime Mrs Larin said Pope mayor meet today VATICAN CITY tHCUtGIl Pope Paul received the Communistbacked mayor of Rome today for 40minute private audience seen as major step toward greater co operation between the Vatican and the Citys CIVll authorities Prince Andrew arrives TORONTO lCP Prince Andrew leearold son of Queen Elizabeth who Will be attending private school in Canada until June is scheduled to arrive here today Lebanese press censored BEIRUI AP stiff censorship decree barring Lebanese newspapers from publishing anything controversial except of fiCial communiques went into effect today putting controls on the last free press in the Arab world Another blast in UK BECKENHAM England Reuter man was injured to day in gas explosmns that demolished shop and damaged three others here today It was the latest of series of such ex plosmns in Britain 45 miners believed dead PRAGUE AP Rescue work has beenstopped at nor thern MoraVIa coal mine hit by gas explosmn and 45 miners trapped in the blast Thursday are believed dead informed sources said today Aussie scientists protest SYDNEY Reuter group of2tX leading Australian SCIenlt tists urged Prime Minister Malcolm Iraser today to halt the mining and export of uranium citing among their Objections the already alarming op rtunities for nuclear terrorism But she said she has no plans to try for 1978s New Years baby honors Meanwhile Mr Quinn said Sunday he and his Wife are still trying to dCCide on the spelling of Brandons middle name It Will be either Lonis or LeWis after one or the other of the youngsters grandfathers The couple had one child already 27monlhold Belinda LIVELHVESS FOR CHINA TOKYO AP hinas leaders have promised political Iivcliness and economic prosperity in the aftermath of foiled bid for power by radicals The situation is steadily improving and will develop faster and better than people can now anticipate said New Years editorial in the newspapers Peoples Daily and Liberation Army Daily and in the ommunist party theoretical journal Red Flag The editorial stressed stability and unity saying production will expand and the lives of hinas 800 million people will improve It recmphasized the goal declared by the late Premier hou EnIai to make hina an advanced country by the end of this century It said this years central task will he to expose and criticize thoroughly the radical leaders vilified in the press as the Gang of Four INCLUDE MAOS WIDOW The four are Thiang hing widow of party hairman Mao Tsetung party Vice hairman Wang Hungwen VicePremier Chang Chun chiao and Politburo member YaoWenyuan They were arrested month after Mao died Sept and have been accused in the Chinese news media of ham pering production ignoring the peoples welfare and creating chaos and confu sion Their aim allegedly was to create so much disorder that they could easily seize control of the ommunlst party and the government MORE MONEY I4 Pages By PETER DEPODESTA Examiner Staff Writer City reSidents can expect higher taxes next year while Barries elected offiCials get more money says Ross Archer mayorelect Ald Archer took over as councn head Saturday but he conducted business from City hall last week Things Ive had to look after conduct from this room he said referring to se cond floor conference room ll continue to work here until the mayors office is available Workmen were busy Thursday adding new coat of paint to the mayors office Ald Archer said there is little chance taxes Will reamin at the same level in 1977 With inflation the way it is and in order to maintain the same level of SQIVICL cant conceive of no increase in taxes he said It would be nice but cant conceive of it Ald Archer said council Will probably sct restrictions for the city departments With speCific overall budget increase This is Similar counCils move in 1976 to restrict the increase to eight per cent Its really the only way they the depart ment heads have of kiiowmg whats on coun cils mind he sa AvORS INCREASE While taxes Will increase Ald Archer says New council takes office Barries new City COUnCIl offiCially takes of lice tonight at an inaugural meeting schedul ed lorfl at City hall New Mayor Ross Archer and five new aldermen Will be among those taking oaths of office Former mayor Dorian Iarkcr defeated by Mayor Archer iii her but for reefcction Will miss the meeting due to lateafternoon medical appointment in Toronto but two other former mayors who supported Mr Ar chers candidacy Will take prominent part in the ceremony Les tooke mayor from 1902 to 106 and 1970 to 1972 Will place the chain of office around Mayor Archers neck whilc Bob Bentley 196069 Will give an address on behalf of former mayors Rev Paul Morrow of Burton Avenue United Church Will make the dedicalory address and Mayor Archer Will give an inaugural speech Others scheduled to speak briefly arc Sim coe North MP Dr Rynard Simcoe en tre MPP Arthur Evans retiring Simcoc County Warden Orville Hughes Innisfil lownship Reeve Bill Iibbins Vespra Reeve Alan Johnston Oro Reeve Howard Campbell Essa Reeve harlcs Iridhiim ol Doupe deputy commander of anadian Forces Base Borden and student mayors of the week Kelly Keogh and im Foulis PRICSENI GAVEI Father John OBrien of St Marys Catholic Church Will give prayer and William Malcolmson of Malcolmson Insurance the CI tys insurer Will present gavel to Mayor Ar cher The only nonceremonial business schedul ed is the enactment of bylaw for borrowmg of $175 million foroperatingfunds Aldermen to be sworn in are newcomers Fred Ruempcr Ward Bill Knowles Ward and Ron Lynch and Cord Mills Ward former alderman Ross Stephensheturning to Hum he also favors an increase in the honorariunis paid to the elected offiCials City come he said agreed last year to freeze aldermen honorariums while incrcas ingthe mayors by$l000 feel that While agreed last year wouldnt want it the freeze carried on he said Ald Archer said he is worried honorariums Will fall too far behind payments made in other muniCIpalities Many of the surrounding townships and Cities of comparable size he said already pay higher llOIlOIiIIIlImS tity aldernicii are paid either SL400 With il $400 car allowance as regular altlcrmen $3600 With $400 car allowance as commillcc Vicechairiiicn or $4200 Willi it $400 car allowance as committee chairmen The mayor earns about $4000 It year llt eluding an $I 1000 council honorarium SI 500 car allowance $750 for public utilities com mission about $450 for planning board meetings and $1500 as police commission member Ald Archer said he expects INTI will be stable year in Harries history Without many peaks or hollows as far as critical issues are concerned Im looking forward to busy year he said It should be good couple of years ROSS ARCHER represent Ward after twoyear iibscncc lollowmg an unsuccessful mayoral ciiiiipziign in 1974 and hofdovcrs Alex Arttiiir iiiid Nelson Garrett Ward Dcl olc and Ed Thompson Ward Jaime Liiking iind Eriiic Rotnian Ward It and Hill ampbcll zird Also to sworn in are public iitilit ics olilv missioners Ernie Alexander lioldovcr and Val Bruckcr newcomer who served as alderman for Ward during the past term Mayor Archer Will also take the oath as IUt member Former mayors iiivitcd are lctcr Sinclair r194516 James Hart 11951 llcbci Smith 1954 Eldon irecr 1195550 and Willard Kinzic 1957451 who finished second to Mayor Archer in liist months election Mr As iiiayorelect he has been meeting with the 1977 council members and city staff to discuss the next two years The aldermen are very Willing to co he said MAJOR ISSlE One of the milJOf issues to be decided next year he said is annexation The city is in the midst of an Ontario Municipal Board OMB hearing for its ap plication to annex 20200 acres from Innisfil Vespra illltl Oro the OMB Will meet this month and set date to resume hearings in June Alrl Archer said tfic city may not be rtSpOllSllilc for the new areas immediater biil at least everyone Will know where the boiiiidiiricszirc Another dccisioii he said is the posSible new look to city council With the use ol tOIIlIlIllttt of the holc system Now coiincil appoints four standing com mittees public works finance City fevclopiiiciit and general government which lizivc loiir council members each ex cept generiil government which has Slx members The coiiiinillccs ItVltW information and make rccoiiiiiicndzil ions to OUIICIL coiiiiiiiltceof lllllll system allows council members to sit as single committee operate and discuss all proposed recommendations Council will have more information directed towards them he said Im an tiCipating committee of the whole Will speed up the council procedure Special committees he said will be set up to do furthr investigation into topics such as budgets and taxes IWo immediate changes Ald Archer said Will be opening all city departments for the noon hour and setting time for the public to meet him in his office Without appomtments REGULAR BASIS Id like to have the mayors ottice opened for about an hour every two weeks on regular baSis for people to come and see me he said It would operate on firstcome firstserved baSis Councd holds its inaugural meeting tonight in the owned chambers at City hall and striking committee Will be appomted by mayorelect Archer The committee Will recommend to council the procedure next year either standing committees or committee of the whole and the names of all people servmg on the various boards commISSlons and committees scrvmg Barrie Its report Will be made public at the first counCil meeting Monday Jan 10 Cooke Mr Bentley and Mrs larkcr warped view of Toronto on NBC Weekend progr TORONTO CP Week enda monthly NBCTV news programsaid Saturday that Torontos social fabric has fis integrated because of an in crease in immigrants Within the last 10 years Lloyd Dobyns the shows commentator said there now are 20000 Indians and 150000 blacks in Toronto and there may be 100000 illegal immi grants Prior to 1960 most Toronto reSidents were white Protes tant AngloSaxons but they now are minority group in the City he added One Toronto resident inter viewed by Mr Dobyns said the federal government should lis ten to public opinion and re strict immigration INI FEEL OBLIGATEI Mr Dobyns said 91 per cent of the Citys reSidents do not feel Canada has moral obliga tion to accept immigrants Toronto businessman Ed MII vish disagreed saying that the mixture of different nationalities gives City color and excitement and makes it great black youth interViewed by Mr Dobyns said he has been called names and abused by whiteboys felt so stupid wanted to bewhite he said School offiCials told Mr Dob yns that racial tensions in the Citys schools are increasing and there have been number of raCiallymotivated knifings Torontos image as the Queens City has changed the program maintained MAY BE OUTDATEI Bud Cullen federal man power and immigration minis ter said Sunday he suspects that figures cited by Mr Dob yns are tallacious or outdated The production might be the work of group which is so dissatisfied with its own IIIImI gration policy that its thrusting those sentiments on someoncclse Mr ullen said He said scenes in the pro gram shoWing illegal immi grants being arrested were to tally inappropriate and an in vasioii of privacy The minister said he would try to find out how an NBt camera crew was admitted to private homes where investigations were being conducted Alfred Hamilton publisher of Contrast weekly newspaper servmg Torontos black coni muiiity said the program did tfic country the City and our immigrants great disschiceI Break enter theft charges at Woodland Five Toronto youths have been charged With break enter and theft by Stayner OPP after police investigated breakins at two cottages in the Woodland Beach area Thursday after noon Police said damage to the cottages amounted to $150 while two snowmobiles and $40 worth of property was stolen Cornell Marino Dckostcr lit Michael Walter Ward 10 Stephen John Olson 16 Robert Andrew Osmond It Gregory Albert Miller I8 and Christopher Dean Acheson to Will appear in court III Elmvalc Jan l4 All fatc two counts cacti of break enter and theft Vorster British envoy fltltl ll17rll1lll Alritxi Alv lirltisfi ciivoy lwi ltictigovl met for three hours toiliiy itli South African llllllt lllllttl Joliii orstcr to discuss ttic dczirllock iii iiegotiiir llOll toi ii black tzikcover of pomr iii iicigtiboriiig Rhodesia he talks crc iiscliil help DH and llrlllltllt and liopt may iiicct igiiiii Within neck or two ltictizird said ziltcr iiiicrgiiig tioiii orslcr thllllOll tioiiie lltifl this south crii tHIliIlt ily South The Briton is chairman of the stalch Geneva negotiations be tween white and black Rhode sians on the political future of RhodeSia He arrived here Sunday after weekend meeting With Rhode sian Prime Minister Ian Smith who was reported to have re jected Richards proposals for direct British role in an in terim RhodeSian government leading to blackmajority rule Yorster had little comment for reporters on todays meet Instant millionaires had these numbers ANtHl lalt lli Six in stiiiit iiiillioiinircs were created New ciir Ich With the draw ing of the Provincial Lottciy during an hour long television variety program lll zidditioii there were six qiiiirtcr iiiillionziircs among tfic 43000 who won pllltS in the second lroviiiciiil Lottery held under ttic iiiispiccs of the West ern iiiiiidii Lottery foundation that ciiconipiisscs the four western provinces and Ontario The lt£Il prize money in the draw Wiis 0202500 lickcts cost $5 iiiiicrs were identified by tickcl iiiimbcroiily It iiiiiiiig miiiibcrs for the live Stmillion grand prizes were 3187056 4243086 3326048 4698720 and 2670092 The Winner of bonus draw for $1 million was the holder of ticket number 3094268 The numbers which won the five grand prizes of $250000 were 2499772 3426222 3614092 2013379 and 3395922 The number that won the bonus draw for $250000 was 173l347 Ticket holders whose last five four or three digits corre spond to any of the 10 grand Winning numbers in the same order each win $2500 $250 or $50 AllWinnings are taxfree talks aboutRhodesia ing He said however that he had not been in touch With Smith during the weekend and does not plan to meet With the RhodeSian leader Asked how his discussions With Vorster were useful Rich ard replied think an ex change of Views With the prime minister of South Africa on Rhodesia is bound to be helpful in trying to deal With the situ anon SlPIIJES ARMS South Africa is Rtiodcsias prinCipal trading partner and prOVides much of thc arma ments for the Salisbury re gimes continuing war against black nationalist guerrillas US State Secretary Henry Kis smger consulted 0rster in lay ing the groundwork last suin mer for the Geneva talks In weekend fighting in Rho deSia insurgents attacked po lice post on main highway destroyed black Village and killed police officer in clash security olfiCials in Salisbury said In London the leader of the Liberal party Britains third largest party declared today that Smith must accept ma Jor British vmce in the tranSi tion to black rulc DaVid Steel said in state ment that British superViSion of the transnion is needed because Smith is not trusted by most of 18 African people WELCOMES SWEDISH COACH Mayoiclcct Ross Archer wclcoiiics BJOIII Rylander coach of UJIIIglIItltIIS mid gels of Sweden to Harrie Sunday prior to the eighth tion game With Barrie Co Ops Mr Archer in one of his first duties as mayor of Bar rie presented Mr Rylander With the key to city toOps went on to Win 74 Story photos on Page Examiner Photo