Bonusf Assessments Revealed In Eastview EASTVIE Ollt CPI The roclle hlr Chenier sold the hotel husbands bank statements when busy Hastticw liotel cntly assessed at 3195450 is as sesed at only 550000 by the town of Eastvlew This came out hlesday as the provincial inquiry into the affairs of the town nestled within the boundaries of Ottawa wasttold of bonus nsscssments Joseph Emile Belanger former assessment commissioner said Ottawa Iron Vork Limited was also given special assessment of only 310530 on property inde pendently ascsscd at $750390 Paul Mantha consultant from Ottawa said he had made the higher assessments at the request of Easttiew council Mr Be langer said he knowingly fixed the illegal lower assessments Under questioning he said that the then owner at the hotel Ronaldo Chenier is brother of town treasurer Mrs Adrienne La months ago SAYS ILLEGAL Commissioner rl Yates one of two men presiding lover the Ontario governments dered in uiry said fixed assess ment by aws are illegal unless ratified by public vote The Mu nicipal Act states he said that no such bylaw may be issued for hotel There was no vote takelf on the hotel and iron works assessments Evidence was also given that Fireman Licut Arthur Belair bought two town lots for $50 each independ to Montreal in ts some she couldnt remember details at 1953 property deal When her name was called Tuesday an unidentified woman stood up and said Mrs Robert couldnt make the hearing be cause sho was at the bank getting the statemenu She was expected to testify today Girl 15 Committedv For Murder Trial IIILLSBOIIOUGH NB 15yearold girl Tuesday was committed for trial on charge of murder following prelimin ary hearing here it is believed the first time girl minor has faced such charge in the pron incc lfoncton RCMP laid the charge following the June shooting of Wellington Jonah Sleeves 42 of nearby Dawson Settlement fol lowing what police described as family quarrel Argue Green At CrossPurpose So Confusion Develops Over UZ OTTAWA CPlThe question and later traded them for $1 of American U2 flights over 200 automobile Belair is son of Councillor Victor Belair Canada cropped up in the Com mons Tuesday but contusion re Mrs Laurette Robert wife of suited because ccr House Reeve Marcel Robert ordered to Lender Hazen Argue and Ex appear Tuesday with bank recternal Atlairs Minister Green ords didnt show up She was or turned out to be talking at cross dered to produce her and her purposes 15 Tons Of Gold Is Flown To NY NEW YORK APLAbout 15 tons of gold was flown this week from Toronto to New York It may have been the largest ship ment eycr entrusted to one plane Its also one of the rare occasions when gold actually moves in or out of the United States Theres been much talk in re cent years of the flow of gold out of thc US The talk is hosed on the fact that the treasurys stock of gold is lower than to years ago with the greatest drop in the last three years Little of that solid metal actu ally flowed from these shares Most of it gtstays right in New York Instead of being held by the US treasury at Fort Knox Ky it has been moved six blocks from the US assay office in lower Manhattan to the vaulu of the federal reserve bank of New York where it is earmarked for the account of whatever foreign country is the new owner It is stacked in vaults in the form of gold bars weighing about 27 pounds each valued at about $14000 SECRECY THE RULE The Canadian gold came from the Toronto branch of the Bank of Nova Scotia Neither that bank nor the federal reserve cares to say why the gold was brought here Nor does the federal reserve care to discuss how much gold it NET EARNINGS By THE CANADIAN PRESS Coniaurum Mines Ltd mos ended June 30 1960 net loss I206141959 not profit $29101 INVESTMENT CHATS Crawford and Co Ltd 89 Dunlop St PA 82437 Mexican Light and Power Net profit of $1390897 for first quarter current year equal to 49 cent per cent on shores outstand ing after payment of May 1960 stock dividend up from $1122 976 or 40 cent share in same period of 1959 Milton Brick Dollar sales in first quarter of 1960 were 40 per cent below same period last year Business picked up irl May and in early June shipments were running ahead of produc tion National Trust Quarterly divident of 50 cent payable July 1960 to shareholders of record June 15th is increase from 40 cent rate in effect since October osspaymentrpriorrtowhichZS cent was paid quarterly Ocean Cement and Supplies share payable July 1960 to Quarterly divident of cent shareholders of record June 17th is reduction from previous 15 cent quarterly rate Provincial Bank of Canada Quarterly divident of 30 cent share payable August 1950 to shareholders of record July 15th is increase from 25 cent rate in force since last November Robin Jones and Whitman Net profit of $19376 tor year end ed February 29 1960 down from $59943 in preceding twelve months Gaspe Coast fishery smallest in years and sales of general merchandise were down slightly due to the poor fishery and loss by fire 05 Paspebiae general store Robinson Little and Co Sales in 1959 were 77 per cent higher than year before but due to continuing higher operating tannin and initial expense on open lng Itcw retail outlets net profit of $100144 was lower than $109 145 in 11150 nilknft Limited Including Mile of Riverside Fabrics Ltd required into in 11359 consolidat ed not Hitler in first four months of that were per cent lower than your ogo whammy1 Dnlrlel Soles nr mill milscutttlvo year reach II it new high in year ended moti 14100 mid not profit nt or 1111 Intro was vy fitm $llil2 or 0117 It which countries The federal reserve bank here acts as financial exchange for the central banks of other coun tries Other countries cnn settle their international accounts by having the federal reserve bank move the gold bars from one pile to another All the deals would take place within the vaults of the New York federal reserve bank Only occu to another land This traffic in gold is restricted to governments acting through their central banks Individuals cannot buy gold from the US treasury NOON DOLLAR MONTREAL tCP The US dollar was at discount of per cent in terms of Canadian funds near noon today Tuesdays noon rate was 2732 Pound sterling $274 516 down 916 NEW YORK CP Canadian dollar up 1364 at SLOZ 1532 in terms of funds Found ster ling up 152 at $2111 sionally is the gold itself movcdl Mr Green in reply to Mr Argue said there has been no change in that situation since he spoke to the House on the matter 11 He recalled that on that occa sionat the time of the crisis over the shooting down of United States UZ plane on spy holds for foreign account nor for mission over Russiahe had in formed the Commons that there were none of the 112 type flights taking place from Canadian bases or over Canadian terri tory He also said at that time that another version of the U2 used to take meteorological and radio logical air plin had operated over Canada in series of scientific flights confined to North America after clearance by Canada Mr Green showed some testi ness in his replies Tuesday to Mr Argue who had initiated the exchange by asking whether UZ flights lire being conducted over Canadian territory and if what control Canada exercise to make sure they do not stray toward the Soviet Union IIAD NOT MADECLEAR Later outside the Commons Mr Argue said he was referring to weather flights confined to North America In simulaan terview Mr Green said that in his House reply he had been rt Ierring to the spy fligth and that Mr Argue had not made clear he was thinking of weather con ditians In the House referring to spy BEST OIIALITY 259 INNISFII ST YOULL BECIlTTlNIi WHEAT SOON THE PRICE IS mourn your on binder twine with CONFIDENCE from your 0001 THE BEST VALUE IN BINDER rweri mom COOP TIP WEEK The new faceiiy had been found in number of herds of cattle but the NEW CODP LIVESTOCK SPRAY with TABAIREX is repelling them Better check your cattle for facefly or ask for details at the Coop Uniform and trouble free PA 88531 or DISCONTINUED LINES IN GAY comnro MANY VALUES missions the minister said that Soviet Premier Khrushchev ad mitted to Canadian Ambassador David Johnson in Moscow last week that no U2 flight had operated from Canadian base or over Canadian territory Mr Green became angry when ltfr Argue askcdwhaihcr scien tific data obtainedby the U2 flights over Canada has been made available to Canada do not know what kind of trouble the honorable member for Assiniboia Mr Argue is trying to stir up not only in this House but also for Canada Mr Green said 33 Mhters Killed lIn German Tragedy SALZGITTER Germany AP Rescue workers finished their sud task today and reported 33 iron miners died in the flames and choking fumes of West Germanys worst mine disaster in five year Another 2l minors were taken to hospital after the fire Tuesday 1180 teet down in the shaft of governmentoperated mine here About 150 workers escaped The disaster was theworst in West German mine since 42 persons were killed in an explo TODAYS STOCK PRICES campfire at anon run It Collin slim nailm Housman Ammo ecu Paper not Mask Fen Antubi Piper Common in In Nonpa Atxom Steel Song no Nor OnL No lumtnium Lid Dom room to noon Corp Albert Gu Dam Stem 51h Poetic Fet Atlu slch Dom rr t1 Fem Pip on or uoplmi Famous Play 2i quc Ni Gu turn of N3 GL Lnku J7 Roe Hell leL Co on row 15 mayo om urmunn unidc Farml to st Luv Cox in LA 011 norm on 77 Sald sour115 st iiC Power Hudson my Ltn Hi Simpson mi Cite or of coin Imp ropueo ton steel or Can sisIo Cdn Breweries on on Jlli stunner at CPI to Accept lo Tor Dom or 51 Canada Cement lntu Ntcxcl st run Can Pipe 17 cu Chemical Interprov Plp st rndcn no 314 Cm Curt 11 Iocxry clap 2ln Texaco Isis Clnldlln oil 195 Loblnw Pld iox Unlon on can Min Sm in Mac Powell luv lilo Walker ka 575 mum cn bio ll terminiten Jor New Hooch Camp Chib sin Gcco Mkiel 171 Catalonia so Ccn Del nlu no nunpu at 725 onerous 51a Con North as Houtniicr In Quemont ass Cop Dcntson 790 KlmAddhon 11 sou Gordon 300 can Morrison 29 urnqua 115 sicrp Rock 730 can unit tl Marlumen at al Unllco oll Loo Dungon 20 New uyl 71 watts Amulet 595 sunlvlln 150 Nometnl no lvllucy 11 rtvc MOST Acrrvn CPR COAL Marbrnor lntl Nickel Cons Gel New hiyllmlque nrvmm chLAnanous Waite Amulet Minor in cents ply Sept Nornon Mtnes so cents my Sept pink or ltlonlmt ts cents my September Dr div July ncnlson Mines Ltd on cents ply Auruxi 15 Ex Denlson Mines Ltd an crnu pny Dec Kerr Addison Ltd 20 ccnu pay Sept 11 Ex div August 20RONTO srocu 1nduttrlnll dn lil Golds up is Dowdorms NEW Ex dtv August div August I7 27 27 an 29 ls div July 15 Ex div Nov nxcuANox mom Metal up 12 011 up YORK ovalmono Industrllts up in Roll lip 15 Utilities up or human The current decline to the New York market gained momentum yesterday as the DJ run average broke through the HO level of an ttcl oted resistance to close on Alt DuKh trading remained roll llvety light at 235 million short it was Iigniflunt that volume rose by ITEM in contrast to the dwindling activity on In weekl irllntf third test In the 59 level for the Dl fndustrllls my now be in the milking Although most wnl sum observers feel to little only to draw such conclusion Within the market itself it further decided rhltt to the defensive side war in evidence Recent highlyan glnmor flocks suffered the wid est lossctl On the other hand to or the total or J7 new Ivan highs were prcrcrrcd or utllltlu Moreover the DJ uttllty avenge helped by easing monuy rates Climbed rainy short 050 to wttliln at its recent 30year high US Treasury Intent Issue nt IIIweek bills sold to yield 2307 per cent nKllllSt 2557 while yteld on 15week bills dccdezd to 1615 sion in August 1955 in the Ruhr our cont trout 2115 The cithdtnu mullet yenterdnv comm renalally followed the New Yolk trend with Toronto fndustrllls on 144 can stocks however thawed oroup strength with most other dc fenxlvctype issue Jim Steel production this week ls expected lo extend its rebound With operations estimated at 55 per cent against 513 per cent last week The chief disappoint merit in this sector is Ifowlnl untertltnt about the start in steel buy ng for the 1961 model auto runs Recent rcchcchs HIRE volume order may now be not back to September min August Mcanwhlle the Canadian rlcrl in dustry continues to outrectorm its us counterpart by margin Last week Canadian mills operat ed at per cent or capacity against an per cent In previoul weak and 945 per cent In the uh week year ago Yesterday the tax trade depart ment reported plans or capital spending in Canada this year have been reduced slightly ironi earlier expectations It nlne survey showed plant for sun million as compared with so77n nnIIon at the outset or iron Nerbitt Thomson co Ltd ton rates terms zafBuItDINo MATERIAL mm yimaiii your 13 Oates offers you many de signs and colors at savings of many dollars to you Rolls of wallpaper are bundled in to rolls per bundle and are priced from 50c to $300 per bundle The higher number of rolls does not necessarily indicate higher price onriss PAINT and WALLPAPER 82 Dunlop St PA BSZIO PAINTS SUPPLIES 429 BLAKE Ni roof or Insulation est Yes now is the time tariols hare while est We have comp stock on hand Nows the time to attack that and intake improvements around your home Select your Iumbarvand building mu windows doors and all comfort son to prepare repair prions are al titeir Iaw lote line of top quality THE BARBIE EXAMINER WEDNESDAY JULY 20 IN STOCK MARKET Industrials Off Metals Oils Up TORONTO iCP The stockltn It 3934 Consolidated off market was mixed affair today ltd alter morning of light tradingl Huron and Eric jumped five 0n index industrials were oltEPaints at 56 and Industrial AC 87 at 48144 while golds gained more was up at 395 while 19 at 7708 base metals improved CFC1U Telclilm lost As at 10 32 at 15330 and western oils Falconbridge was off 11 at went ahead 23 at 7997 i305 with Noranda off at 36 The mm valume was 351motnnd Cominco and McIntyrePor ccmpared with he 455000 shares cuplne off at 13 and 2238 traded at the same time Tuesday Speculative issues again came Great Lakes Power took an in some heavy trading satel early stand in leading industrials trading 255300 Shares lawn 2r at loss of 11 cents at 70 cents Interprovincial Pipe gained 12 D°me gamed at 1m and at 545g Labrador was up If at 11 while International Nickel paced base among senior uranium Denim metals in brighter session with gamed 55 15 at 59 gain 14 542 In western oils Home bad Latin American was trading 3MB drop at $735 Calgary quietly among the few losers off Edm°m°n 1° 45 our cents 45 cents on Sales while Pacific Petroleum was up of 100 share 75 Cents at $840 The market closed lower in all sections Tuesday as golds and western oils made on abouttum on the down side On index industrials were all 1231 at 48231 golds were off 01 at 7689 base metals were all 117 at 15290 and western oils were DH 29 at 7974 Volume was Lemme compared with 2063000 Monday Steels banks and utilities com bined to lake the industrial index lower Stelco was all point at 07 and Algorna dropped at 3115 Bank at Montreal lost at at 52lii gtPapers were mixed Great Lakes up Va at 3714 Abitibi up Order Army Rule To Curb Terrorists GUATEMALA CITY AP Guatemala was put under modi ficd martial law Tuesday and political parties were ordered to suspend activities following an armed assault on ll military base The military rule officially state of siege to last or 30 days climaxed weeks of almost nightly terrorist bombings here Presi dent hiigeel Ydigoras Conserva tive government blames Commu nists for the bombings pass THE ROYAL BANK OF CANADA REGINA Albert 25th Blanch ROOF NEED REPAIRS Now is the time to get your roof in shape for winter rains and snow Call us to do it for you Work is guaranteed Low Keep out winters cold with storm windows we will be glad to give you free esti mate wide selection to choose from 11mm ARRANGED ron HOME IMPROVEMENT INSULATE YOUR HOME Do it now and keep warmer this winter while outttng your fuel bills We install all types of insulation MAKE SMALL REPAIRS NOW SAVE PAYING BIG BILLS LATER BEBTRAM BROTHERS LTD Building Materials PHONE PA 35100 FREE ESTIMATES AND ADVICE FREE DELIVERY ON LUMBER We have just opened our one thousandth branch Its in Regina Saskatchewan and is located on Albert Street And like Royal Bank branches everywhere in cities towns and villages from Newfoundland to Vancouver Island and in many lands beyond Conadua borders it will nerve the needs of its own community Near you and your neighbours too is the door to branch of the Itoylll Behind that door has the experience knowledge and strength of the whole institution Keyed to the needs ofyour community it offers the many varied nrltl useful services of the blink with thousand front doors rue ROYALBANK or CANADA Barrie Branch Fisher Manager Branches also in Beeton Cookstown and Tottenham