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' companies were Joseph BN. Seagram and Sons Incorporated and Hiram Walker - Gooderham and Worts Limited. y He said the companies' position resulted from a reduction of the U.S. tariff on imported whisky to $1.50 from $2.50 a gallon in 1948 and a further cut of 25 cents in - BUSINESS SPOTLIGHT Rise Of Canada's Gross National Product Seen By FORBES RHUDE slowing, the capital boom {is not prices accordingly," Haymsfeld dian Press Busi Editor |over. It says there have been de-| charged, ihe Canadian compan : ferments of important projects, ies, operating throug eir own ORONO rise abos|which the availability of loan-|import companies, pocketed the Zea an tional pro.|able funds may bring Into real (extra profits which provided duct and an' increase in con. 800m, ad a Lupton - $ The forecast concludes: ane St gummer spending of about $1.000.1| "Although national output will US. distillers in diverse ways." small ua I a Y Ye America, /move ahead during the coming! okestnen at the hearing if OT es: aud, Dan Q mpg Yribed by the year. the econcmy is likely to|and tse 12d Nite Somplaint |rade: 3 aH inal) e forecas Oe oy moderate continue to experience an unem-| & ou presen ad S Wate ey did | wes ern nominal). ore 4 YI issued Tuesday ployment rate somewhat above FLO os Bg Bly most of TORONTS (CP) - by jce-pres-| Norma. | inci is-|fruit and vegetable price ¢ BY Boke ho Meg i "The labor force has recently lhe PION CF i] gd hn bos wi Rhubarb, b ti f Prudential's Cana- grown so rapidly that industry | or 1$2.95-2.50. glions, TOI has been unable to absorb all the x : 98% heat Se highlights: new entrants to our work force. ome national p roduct -- the It will probably require several sum of all goods and services-- years for the expansion of the economy to provide the job op- pig 4 AS00000 100 portunities necessary to re-estab- , lish the high employment rate more ip HE Increase, butt Chich has characterized most of | low the p ge: the post-war period. INCOME TO INCREASE "Our larger labor force does, | . Total employment will continue however, provide the potential) to rise, personal income will be for an exceptionally-rapid long-| up about six per cent and farm (run gain as this absorption takes income will increase 'as the place." grain market improves." | In line with these factors, con- 16 THE DAILY TIMIS-GAZETTE, Wednesday, Jonuery 22, 1958 Toronto, Montreal Noon TORONTO Ve Ve High Low Noon Ch'ge Noon Ch'ge By The Canadian Press 187 7 31 41 Toronto Stock Exchange--Jan. 29 os i + (Quotations in cents unless marked $. 265 630 r lot, xd--Ex-dividend, xr--Ex- 40 iy Lis Ex-warrants.) : Industrials Low Noon Ch'ge 26% 26% + % 60 15% + % 400 16% TORONTO (CP) -- Chur cream and butter print pi were unchanged today. 1 The egg market was steady with receipts adequate a fair demand. Country dealers are quoted the federal department of culture on graded eggs, deliv Toronto, in fibre cases: A I 36; A medium 30; A small B 29; C 25, Wholesale to reta A large 41; A medium $5 small 31; B 34; C 30. (nominally Stocks High Low Noon Ch'ge "i 4" " 39% 30% -- % 13 26% 70% Sales 162 Stock Hud Bay Imp Oil Imp Tob Ind Accep Int Nickel Int Paper Mass Har McColl Molson A Molson 3 Noranda Ogilvie Pac Pete Placer Prem Iron Price Br Roe AV Can 7 Royal Bank StL Corp Salada§ B Shawin Sicks Tr Can PL Steel Can Triad Oil Walk GW Webb Knap Wpg Cent Stock Norpax N Bank Northsp Opem Pardee Pick Crow Pr Bord Preston Pros Air Qunston Quemont Rayrock Rockwin Sherritt Bil Miller Siscoe Stanleigh Stanrck Starratt Steep R Sylvanite Teck-H Temag Tiara Upp Can Ventures Violam Wiltsey Sales fo 11 am.: 951,000. MONTREAL By The Canadian Press Montreal Stock Exchange--Jan. 2% (Quotations in cents unless marked §. $---0cdd lot, xd--Ex-dividend, xr--Ex. rights, xw--Ex-warrants.) Industrials Sales 200 Sales High Low 2% 61 Sales 200 187 187 500 65 63 600 268 262 1100 9 9 2000 65 65 65 2000 22 21% 21% 86 86 25% 25% 395 395 Stocks Permo pr Petrol Provo Gas Reef Expl Sapphire Spooner Stanwell Tr-Can PL Twin City Triad Oil Un Oils Un Oil ris Wayne W Nace 500 "Instead of reducing consumer -W + % 0 c + 1000 86 -1 382 $25% + % 100 395 800 900 35500 +13 -3 10 wi 85 $50 Arcadia Atlin-R Aunor B Metals Bicroft Black Bay zan Buffad Camp Chib C Dyno Cdn Thor Can-Erin Can-Met C-Met wis Cassiar Cayzor Cheskirk Coch Will Coin Lake Coldstrm Colomac Denison > Den wis 210 Discovery 300 Howey 500 M and 8 75 Nichol 25 7400 117 500 25 60 60 2% 2% 135 135 1 1» 80 23% 135 1% 1100 1000 1000 8000 4000 1000 500 Cdn Brew 305 C Cel $1.78 pr 75 C Chem 125 C Curtis 100 C Hydro C710 C Oil wts 58 50 CPR 2325 Conf Life 25 Ton Gas Con Gas A Crown Zell Dist Seag D Bridge Dom Stores REASONABLE PRICES = VIGOR GASCLINE STANDARD NEW SUPER HIGH TEST sumer spending, which in 1957| : rose by about $900,000,000 to $19,-| 9/10¢ 9/10¢ 'Whisky Distillers | 500,000,000, will rise a further Take Advantage of GAL GAL. U.S. Tariff, Claim | $1,000,000,000. | TAX INCLUDED TAX INCLUDED In ease in business inventor- ies, however, will probably be 78 BOND St. W. RA 5-1109- 1 514 3% 4" 5% " 40 10 5 115 250 100 100 z10 220 150 2000 25 100 25 100 Fleet Mig Lon Cdn St Maurice 000 Goodyear pr 150 GN Gas GN Gas pr GW Coal B Imp Oil Imp Tob Ind Accep 240 Inland Gas 260 Inind G wis 250 Inter PL 65 Maxwell 260 M-West wis 400 N Hos A 235 North Star 200 N Star pr 25 © Jockey 800 Pbina New 100 Rce AV Can 2144 Ree AV C pr 25 Royal Bank 100 StL. Corp 125 Shawin New 1275 T Fin A 100 U Fuel A 25 Walk GW Nw 760 Weston A Alscope Amo Baker Tale Band Ore Belechase Bouscad Calumet Camp Chib C Lithium Cheskirk Mid Chib Monpre Montgary Nat Expl N Formaq N Mylama N Spring Not Stock Low Noon Ch'ge Abitibi 25% 26 +4 Acadia All Acad Atl pr Algoma Alumin 313 Argus 2.40 pr 100 Asbestos 870 Bank Mont 130 S$ Bank NS 220 Banque Cn 145 Bath Pow A 122 1333 240 245 82 244 -- % 2% + 5 z5 200 held down to $200,000,000 and in-| WASHINGTON (CP) -- Two crease in agriculture inventory to Canadian whisky distillers. have about $100,000,000. ..|a strong hold on the United Housing starts probably will | States market because they prof- total 120,000 units, involving ex-|ited by a tariff windfall of $60, penditure of $1,500,000,000, up (00,000, an American competitor 1$100,000,000 from 1957. claims. i TR "Whether or not fhis rate of Raloh T. Haymsfeld, a viee- Pennbec | building can be accomplished," president of Schenley Industfies Provo the forecast says, 'depends, Incorporated, Tuesday told a U.S Sa greatly upon the supply of mort-|tariff commission hearing that! Con Sud gage money and also upon the - Ss type of housing built. The need Dolsan Pah is primarily for low-coast hous- ing." | . Falcon Fundy Jiaitian BOOM NOT OVER The forecast says that though the rate of capital spending is East Mal East Met Falcon Faraday Genex Goldale Grah Bsq Grandue Greyhk Gunnar Int Nickel Int Ran Jacobus Jwsoey Kerr Add Kerr Lake Lencourt Lexindin Macassa Macfie MacLeod Madsen Maralgo Marcon Milliken Min-Ore 580 100 100 325 29 100 160 135 220 100 125 100 50 225 445 250 70 250 725 300 00 7 25 Bre C Chem Cell Cdn Oil CPR Cdn Pet pr Cockshutt CMand 8 Con Gass Corby B Crown Zell D Bridge D Coal pr D Fndry Dom Stores Dom Tar Dom Text Du Pont pr Foundation Gatineau G Dynam French P pr 1 H Smth bvanybody Welcome ! "Boating ON Lake Ontario" A cordial invitation is extended to all boating enthusiasts to attend this special meeting, at the Oshawa Yacht Club, Sunday, January 26, ot Inter Cer Jardun Kerr Add Que Chib Que Lab § Dufault Steep R Tache Tarbell Titan U Oil ris Un Oils Westburne Offers To Buy Fort Erie Firm TORONTO (CP)--De Havilland Aircraft of Canada Ltd. has of- fered $300,000 for the property and fixed assets of Fleet Manu- facturing Ltd. of Fort Erie, it 5000 250 3000 1000 2000 28700 400 2150 1000 600 100 100 100 100 200 300 1000 730 210 C Br Emp C Chieftn Cdn Dev C Husky C Mic Mae C West Pete Cres Oil Dev-Pal Mideon N Chamb Pac Pete vue ama Nick Rim Norlartic N Gold N My ---- Sales to 11:30 a.m.: Industrials 15,000, 1 119 120 + 1 £ 19% 19% 2000 84% --1} 26% mines and olls 174,700. | $19% {be particularly hurtful to Michi- gan' iv gans SRiomal ive industry. .|was reported Tuesday. He also warned of Russian| gtockholders of the Fleet firm competition in the international pick manufactures aircraft auto market. Low seaway tolls, | arts and electronic equipment, at the Philadelphia Reser velsaid it would cut its prime in-|dividuals, thus encouraging the Bank. | terest rate--that charged big bor-| financing of new product lines, News of the money - easing|rowers with top credit ratings--plant expansions and other busi- Imove, a reduction in the discount|from 4% to 4 per cent today. Ob- ness ventures. PUBLIC MEETING [rate from 3 to 2% per cent for servers predicted that other big! -- U.S. Financial that district, raised prices on the Circles Forecast or cen i Business Boost Sen Pancho te Tuesday n The Philadelphia district re- WASHINGTON (AP) -- Finan- duction is effective today. The institutions would follow quickly. The Wall Street reaction gener- ially was optimistic. The discount rate is the interest federal reserve banks charge Tolls Will Hurt he said, would stimulate the U.S auto industry. anxious to price the seaway out lof business, which would be par- [ticularly hurtful to the auto in-| "Opponents to the seaway are' are to consider the offer at a special meeting Feb. 3 President Daniel Robertson of Fleet said the company will be permitted for a period up to one| rear to use some of its existing Sunday, January 26 2 p.m. OSHAWA YACHT CLUB their member banks for +i Ruto Industry rowed money. The reduced rate] WASHINGTON: (AP) -- Repre- on loans to the banks will permit sentative John Dingell (Dem them to lower their own interest|Mich.) said Tuesday high tolls on charges to corporations and in-the St. Lawrence seaway would ment. dustry since a saving of $200 ajyear t car can be made if shipment | facilities to complete present pro-| can be made direct from De: duction contracts and to dispose troit," Dingell said in a state-|of its remaining inventories of w materials, 3 elal circles have forecast a boost/other federal reserve banks are for American business and the expected to request similar re- stock market as a result of the ductions shortly. Federal Reserve PRoard's ap-| New York's biggest bank, the proval of a lower discount rate Chase Manhattan, immediately ONLY 3 DAYS LEFT + » » ari THE CLEAN SWEEP SALE ADVANTAGE OF GOODWILL NEAR-NEW CLIFF MILLS MOTORS <i oc ® G.M.A.C. 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