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16 THE OSHAWA TIMES, Fridey, July 24, 1959 BUSINESS SPOTLIGHT Tourists Hailed France Lowers Trade Barriers PARIS (Reuters)--France has U.S. Inspectors At Seaway Ports WASHINGTON (CP) -- United States grain inspectors will be ap- - TODAY'S TORONTO, MONTREAL STOCKS TORONTO 0 MONTREAL TORONTO 11 A.M. STOCKS Net H By The Canadian Press Sales High Low 11 a.m. Ch'ge ALL AN, STOCKS S Toronto Stock Exchange--July 24 100 144 144 1M (Quotations in cents unless marked §. i Eg Odd lot, xd -- Ex-didend x Ex. 200 410 405 405 (Quotations in cenis unless marked S$. 5000 137 137 137 9--0dd lot, xd -- Ex-dividend, xr -- Ex- 750 240 2:8 240 dropped trade barriers on hun- dreds of products made in the United States and Canada. A finance ministry spokesman said Thursday the move almost entirely wiped out French dis- crimination against dollar goods pointed at Canadian points along the St. Lawrence Seaway, the agriculture department an- nounced Thursday. It said the action is being taken "to facilitate the marketing of On West Coast VANCOUVER (CP)--Business- men and private citizens will join forces today for a special one- Stock C ofl Lds CS Pete C Chieftn C Ex Gas New Theory +5 +1 special bargains and bridge and tunnel tolls will be lifted fron the 11:30 Net day rights, xw--Ex- X-warrants.) rights, xw--Ex-warrants,) C Homestd 100 Industrials © Homes. 10 ' N Stock Sales High Low 11 a.m, Ch'ge C Husky wis 20 rp TREE TT Cin WoO 200 Alta Dist vt 100 270 a5 Cent Del 600 $ Charter Oil 1000 Alta Gas ma C West Pete 100 Amin i Cree wis 58 1000 Auto Elec Dev Pal 1500 Bank om Dome Pete 200 Bank Home Oll A 275 Bell Home Oil B 225 Bras) pump Pnd 1000 A Oil roy LI Pete 13100 1000 215 $17 z5 $11% 250 0 tm $Cdn Tire 25 stots; Cdn Wall B 50 $33 CWN Gas pr 100 $15% Chat-Gai 500 Cockshutt 250 $14% Comb Ent A C Hydro Car Cdn 01 CPR Fam Play Ford US 225 $74% Fndation 250 $14% Gatineau 175 $39% Gen Bake 200 $9 Gen Dynam GMC GS Wares GL Paper GN Gas GW Coal A Gr Wpg G Gr Wpg vt Gurney Hrdee va $14% 20 $22% 40 849% 5 $5414 100 $17% 225 $44 400 $6 50 $5% 25 $12% 20 $12 30 $8% 15 815% 5 82 Con Mand § 40 C Morrison 1500 C Northland 6600 Crowpat 2000 Daering 1240 Duvan 1000 Elder 800 Eureka 500 Falcon 1197 Faraday Fatima Frobisher Giant YK Gold Eagle Gunnar H of Lakes Hollinger Int Ran Irish Cop Iron Bay Jacobus Jowsey Kerr Add L Osu Lorado wts Macdon Hardee rts Hendshot Imp Bank Imp B rts Imp Oil Imp Tob Ind Accep I Ac wis Inter PL Irog G pr J. Club Kelly wts Kelvinator 200 700 900 106 500 1020 1000 1 160 $3915 130 $13% Lob Co A wis 70 $11% M Leaf Mill 10 $17% Mass-F 2875 $15% Magnet Mass-F pr 5% 50 $110% 11015 110% + 3 Maritime Merc Chip 4400 68 65 66 Martin Moore Mcintyre Nat Groce pr McKen North Star 375 $19 Multi-M Nor Star A 125 S15 Nat Expl N Star wt 57 125 450 Nes Lab NO NGas 300 315% New Cal N Dicken N Man Nickel Ms Noranda Normetal Norsyne Opem Pater 625 $43 175 $27% 42% 27% 18% 13 450 15% 410 18% 16% 38 10% 20% 10% $92% 92% 205 $18% 18% 50 $99 43 27% 450 15% + 4% 410 --10 18% -- 4% 16% 38 10% 20% 10% N% -- % 18% Q N Gas Rapid-Grp Reichold R Silk A 100 $183% 25 $16% 215 $38 z10 $10% Rob A pr 235 $20% Roe A VC 135 $10% Royal Bank 1081 StL Cerp StL Cp A pr St Maurice Simpsons 63 $5214 32 26% 390 $12% 390 Ld 89 101 18% 66% 38 28% 13% 193% 49% 1134 25 $101 $18% $67% $28 Sunburst Sylvanite Teck-H Temag 200 400 2000 1000 1000 Yale Lead Young HG D Glass ) 9% 500 785 780 Sales to 11 a.m.: 316,000. 110 10% 575 185 700 135 470 201 m 965 965 16 16 15% 15% 18 18 4s 4 16 17 3% 3% 61 ue 10% 575 185 700 135 470 201 im --8 +5 Stock Abitibi Algoma Alumin Asbestos Bank Mont Bank NS Banque PC BA oil BC Power BC Phone Brown 200 360 1528 425 1002 7s 125 Bell Phone 631 300 100 100 $83 C Int Pwr pr 25 $46 CPR Com Ent Con D Bi 265 S$ 250 M and § 275 47: 300 25 25 370 1 100 Gen Dynam G L Paper 125 35 Imp Bank rts 500 Imp Bank Imp Oil Ind Accep Ind Acc wis Int Nickel Int Util Intprov PL Iroquois pr 14 "M 8 8 1216 12% 40 Labatt Loe bh A MacMill B Mass Fer Molson A Molson B Nat Stl Car 14% 14% 26 230 NS Power Pac Pete Prov Trans 22% 27 140 50 2% 140 51 5 Royal Bank 52 Salada Shir Shawin Simpsons Ssteel Can Steinbg A Texaco Can 2 227. Tor Dom Bk 950 170 Walk G W 25 25 25 100 585 275 230 200 105 400 1075 Jamaica 100 25 100 100 765 100 95 Noranda 45 25 5 2100 Roe AV Can 200 340% $43% 837% Industrials Net Sales High Low 11 s.m. Ch'ge $38% $41% $36% $32% 362% 38% 41 38% 4 ---% 6% -- 2% + % 62 8 +1 0% -- % 93% + Y% Hh -- % 8 + % 65 +1 14% % 66% + YW 3% + % 17 2% 90 13 18 4%6 28% -- 14% 20% 28% + 4 50 86 21 TY + % 11 4 26% --% 49% --1% 44 0 $92% 5 $89 5 5 $29% $73% $67 $39% $13% $313 $383 31% 31% 38 338% 29 89 20% 29% 73% 73% 66 39% Canadian C D Sug C Gen Inv C Power Cons Paper D Oilcloth Horner A Inland Chem Loblaw Co A Lob Co B Moore Mussens N West Ind Orange Cr Prem Steel Que Ph wis Reitmans Trans Mt Utd Prncpl Un Gas A pr U Corp B Waterman 63 63 525 52% 325 9% 9% 780 Ammo Augustus Bailey S A Bateman Beatrice Bayville Cartier Q 5 Cent Del Rio Dolsan Falcon Fontana Gold Age Hollinger Merrill N Formaq NW Amulet NA Rare M Opem Exp Opemiska Orchan 26 390 12 39% 40 Westville Sales to 11:30 Mines 61,400. 200 300 100 600 250 105 100 3100 50 200 $26 200 100 2000 1000 300 400 1000 Ki am. % Th TH Industrials 26,3008 To Explain Old Mystery BONN, West Germany (Reu- ters)--A new theory to explain the hieroglyphics found on Easter Island in the South Pacific has been put forth by a West German professor. Dr. Thomas Barthel disagrees that the evidence of bygone civili- zation found on the island was the work of people who drifted into the South Pacific on rafts and settled there. This was the view of Norwegian explorer Thor Heyerdail, who drifted 4,300 miles across the Pacific on a raft to prove his theory that the Poly- nesians originated in Peru. The island, whick derives its name irom its discovery on Easter Sunday, 1722, has been a source of mystery and theory to researchers and scientists ever since. The biggest problem has been to discover how the huge stone statues on the island, some of them 37 feet tall, came into ex- istence and what is the nature of the story told in the undeciphered hieroglyphics on wooden tablets found there. WRITING FORMS Barthel sas the island never had more than 5,000 inhabitants, but these had three different forms of writing. All three, he maintains, are picture writing and deal with the same theme, but differ in essen- tials. As a result of his studies of the hieroglyphics and examinations of ancient buildings in South America, Barthel declares: | "South America and the South | Seas are two completely different | worlds that have nothing what- | ever to do with each other." | He says that very old men on the island told him 40 years ago that the hieroglyphics were carve: with sharks' teeth in wood after a rough copy had first been made with fish bones on banana leaves. This, he believes, explains the peculiar circular form of the Easter Island writing. Most othe: forms of writing on wood, he points out, are angular CHINESE INFLUENCE From there he goes on to say that the banana leaf writing is not peculiar wo Easter Island, but has heen practised in the whole of Southeast Asia from south India to China. Furthermore, he asserts, an entire literature on banana leaves was written in bygone ages, but b of the perishability of the material, has not lasted. This, in turn, makes the Easter Island hieroglyphics of special importance. He believes the Easter Island writing is a continuation of an idea that grew ir south China. However, he adds that it was only the idea--and not the writing itself--that came to the 55-square- mile volcanic island from China, via the Philippines and East In- donesia. RUB-A-DUB-DUB TADDIPORT, Eng. (CP) -- A tub race over a mile course on a river in this Devon commune ity was the highlight of a mid- night revel . The tubs were strapped to oil drums. The occu- pants paddled or punted their day red-carpet welcome to hun- dreds of tourists visiting greater Vancouver. Banners, bunting, placards and street decorations have been hung along city streets and throughout the day visitors from other provinces and the United States will be greeted by music and smiles. The special day has been set aside to salute the lucrative tour- ist industry which this year is expected to reach more than $100,000,000. About 2,000,000 are expected to visit B.C. this year. The industry is also Vancou- ver's third largest source of in- come--in 1958 more than 800,000 tourists spent about $40,000,000 for lodging, services and entertain- ment. GIVEAWAY DAY During the special day visitors will be given "courtesy" tickets should they violate parking reg- ulations, Florists will donate corsages. Fish companies will give away cases of frozen salmon. Restaur- and 50 free tours of the city will | be provided. Department stores will feature | {and motels. ide luxe establishment," bureau official said. Vancouver is not the only B.C. centre to benefit from the tour- ists' dollars. Many small interior communities depend upon the tourist trade for their existence. Hope, 100 miles east of here, is a centre of 2,000. However, it offers accommodation for more than ,1,000 persons in its hotels Since 1949 the number of mo- tels in the province has risen to 1,700 from 757. This represents an investment of more than $200,- 000,000. Each year another $4,000,000 is invested in improve- ment of facilities. HIGH STANDARD To assure a high standard of facilities, the provincial govern- ment inaugurated a star-rating system to give tourists an indi- cation of the quality of a motel. Twenty-six per cent of the mo- tels hold the top four-star rating. Another 30 per cent have three stars, 16 per cent have two, 13 per cent one and 15 per cent none. Introduced for the first time ants will supply free meals and |this year is a special five-star coffee. Free tickets will be sup- rating which can be awarded plied visitors for sporting events {only by the recreation minister. "This is to encourage a super 'Massey-Ferguson 'Makes UX. Deal | craft along. Increased Sales In Gold Bricks | TORONTO (CP) -- Legend and deal chiefly in 400 - ounce bars romance have come to the Bank|Worth $14,000, though it would of Nova Scotia since it entered|also deal in the kilo bar, weigh-| the gold trade last October. But ing 32.15 ounces and worth $1,250. underneath the glamor has been| With growing demand, how- a great deal of profitable busi-!ever, it decided on a 40-ounce bar dess. worth $1,400, especially for buy- * Notably, in recent months, e's Who feel more at home in owing sales have been made to 4€aling in ounces. This bar is re- field, people buy gold for invest- gion, tin-American countries for in. fined in Toronto by Englehard In- dustrial purposes -- presumably for manufacturing jewellers and ently, a 50 - gram bar worth dental supplies. $56.25 is being refined. The bank does not disclose, The Bank of Nova Scotia is figures--beyond saying that June °0e of several Canadian media sales to Latin-America were as/f0r 80ld transactions. much as the total of the pre- Canadian Copper Refiners Ltd. ceding three months -- but var.|--8 subsidiary of Noranda Mines ious factors indicate that export Lid.--started in the business in sales are considerable. 1956 when the government freed . gold for trading. The firm's sales BUYS MINES' OUTPUT now average about $1,000,000 a "Two factors are: month, '1. The bank has contracted for, This gold--refined by Canadian the entire output of two Canadian Copper in kilo and 400-ounce bars gold mines -- Consolidated Dis-|--is sold through bankers, brok- covery Yellowknife Ltd. and New |ers, the Toronto Stock Exchange, Dickenson Mines Ltd. -- which and in direct sales by the com- Save a combined annual produc-| pany itself, on of 160,000 to 170,000 troy ; = i MARGIN TRADING ounces, worth between $5,600,000 In November, Doherty Road- and $6,000.00. | nouse Company, T to brok: 2. It is understood that most of age and Dr ok Tein Ske this production is currently 20ing | trading in gold on margin and jolo Export and that in June the ipeir experience led the Toronto mon y. production was not Siock Exchange te establish fa- gnough to meet the bank's ex-|cilities for trading in Canadian port needs and had to be sup-|(, 'e ki 3 Plementes be othe proc Se. Coppers kilo bar, starting Feb. dustries of Canada Ltd. More re-| the, mint at the end of 1958, but it is estimated that not more than 20 per cent now goes there. On | a yearly basis, if continued, this is a switch of some 600,000 ounces worth $21,000,000 from sales tol the mint to sales elsewhere. The mint is a sure market for gold, but other sales generally bring a premium over the mint price, which is $35 U.S. an ounce. | The premium paid by the Bank {of Nova Scotia to producers is| understood to be about 30 cents an ounce, | Outside the industrial export ment for a number of reasons. | Some investors buy it simply! {for portfolio diversification. It draws no interest and storage fees are charged. But if the price of gold goes up the investors {would make a considerable gain. | | While it is stored it may be used | as collateral on loans. Arctic Needs 'Proper Kind | | | | Of Individual | CHURCHILL, Man. (CP)--Life, |in the sub-Arctic is bleak, dull, [expensive and to some, irresis- e. At Churchill 1,400 persons are huddled against the west coast of | {Hudson Bay, 610 miles north of; | Winnipeg. Their food is expensive | 58 cents for a quart of milk, | 25 cents for a loaf of bread-- housing is flimsy and the weather oppressive. Research Fears Red Tape By JOHN E. BIRD Canadian Press Staff Writer OTTAWA (CP)--The National Research Council has objected vigorously to any move that might put this government re- search agency under the jurisdic- tion of the Civil Service Commis- 'Canada is in fact one of the few countries which has recog-| nized the fundamental fact that the control of a scientific organ- ization mnst be in the hands of scientists," the council's annual report says. The council says, in effect, that if NRC_is placed under the com- mission it will be hamstrung by government red-tape and central- ization, Nothing could be worse for a scientific organization than the 'big organization' point of view. The Civil Service Commission last January recommended a gradual assimilation under its central authority of Crown agen- cies like NRC. The commission said the rise of Crown agencies with staffs pt from ission author- ity has produced many admini trative and personnel difficulties in government service. Salaries, for example, were generally who shaves every day wherever Group TORONTO (CP) Massey- Ferguson Ltd. and Standard Motor Co. Ltd. have reached agreements providing for the pur- chase by Massey-Ferguson of all existing tractor interests of the British company. The agreements will be pre- sented to a meeting of Standard shareholders Aug. 28 and, if ap- proved, will become effective Aug. 31. Major asset in the transaction is Standard's Banner Lane trac- tor facilities in Coventry, Eng- land. This plant is currently produc- ing 410 units a day of two mod- els of tractors for Massey-Fer- guson's United Kingdom and ex- {port markets, and has capacity for 100,000 tractor units yearly. COMPLEX DEAL Also included in the agreements is sale to Massey - Ferguson of Standard's 50-per-cent interest in Societe Standard - Hotchkiss which has two factories in France--in Paris and Beauvais-- with a yearly capacity of 25,000 units, Massey - Ferguson already owns 50 per cent of this com- pany. In return, Massey-Ferguson will play approximately $32,000,000 and, in addition, will dispose of its 7,757,938 ordinary stock units of Standard for slightly excess of 300,000 -- an amount equal to Massey - Ferguson's original in- vestment, less expenses of resale. Massey-Ferguon also will buy, for an estimated $7,500,000, stocks of factory materials, work- in-progress, finished goods and tractor spare parts at Aug. 31. All purchases will be made by Massey - Ferguson Holdings Ltd. in London and its subsidiaries, for cash, from sources both Brit- ish and Canadian. DISENGAGEMENT PERIOD During the period of disengage- ment--ending May 1, 1961--Stand- NET EARNINGS By THE CANADIAN PRESS Canadian General Investments JLtd., 6 mos. ended June 30: 1959, $705,483, 73 cents a share; 1958, higher in such agencies than in corresponding jobs under com- mission jurisdiction. The NRC report, signed by Dr.|$ E. W. R. Steacie, president, does not refer directly to the commis- sion's recommendation, POWERS DIFFERENT However, it says tha' the Na-| tional Research Council Act gives the council a number of powers not possessed by government de- partments. As a Crown corpora-lended May 381: 1959, $169,588; tion, NRC "is outside the civil service, has a governing body of| independent, non government scientists, can earn revenue and|$1.46 a share; 1958, $4,302,196, | spend it . .. . "The status of the staff is due entirely to the control and selec-| tion being in the hands of an ad-| visory council, a group of the! most distinguished non - govern-| ment scientists in Canada." { $692,417, 72 cents. Noranda Mines Itd., 6 mos. ended June 30: 1959, $5,807,000, $1.29 a share; 1958, $4,723,000, 1.05. Preston East Dome Mines Ltd., 6 mos. ended June 30: 1959, net |loss $11,000; 1958, net profit $128,- | 000 | Southam Company Ltd., 6 mos. | ended June 30: $2.77 a share; $2.27. Superior Propane Ltd., 6 mos. 1959, $2,078,697, 1958, $1,704,727, 1958, $117.807. Texaco Canada Ltd, 6 mos. ended June 30: 1959, $4,817,535, $1.30, 3 mos. ended June 30: 1959, $2,183,043, 66 cents a share; 1958, $2.088,517, 63 cents. Third Canadian General Invest- ment Trust Ltd., 6 mos. ended June 10: 1959, $291,666, 15.8 cents a share; 1958, 2285,234, 15.5 cent8. ard undertakes not to sell agricul tural tractors. Announcement of the agree- ments was made Thursday by |Standard in London and con- firmed here at the head office of |Massey-Ferguson -- a Canadian- based farm - implement firm | with international operations. | Standard's tractor engine facil- | |ities are not involved in the pur- | chase. | This, the Toronto announcement said, is because F. Perkins Ltd., diesel-engine company of Peter- borough, England -- recently ac- quired by Massey-Ferguson--will increasingly provid e these re- quirements, Standard, however, will con- tinue to manufacture carburetor engines for Massey-Ferguson for a further period and will also initially supply a small quantity 'Rate Hits Peak and would give North American manufacturers a chance in the French market in return for the "spectacular' rise in French ex- ports sent across the Atlantic. Bank Of Canada OTTAWA (CP)--The Bank of Canada interest rate rose this week to a record 5.68 per cent from 5.44 last week, the central bank reported today. The rate, which is geared to the average yield on weekly sales tenders of government treasury bills, now has risen for three con- secutive weeks following a drop three weeks ago to 5.26. The pre- vious high was 5.47 per cent on June 18. The record low was 1.12 last Aug. 2. U.S. grain in export channels." Officials .said that previously Canadian inspectors at Montreal and other points regraded Amer- ican grain stored there when it was ready for shipment abroad. But with seaway business in- creasing, these inspectors de- cided the work yas too much for them and that henceforth it would be up to the U.S. to take the responsibility for regrading U.S. grain in Canadian storage. Housing Starts Lower In June OTTAWA (CP)--An increase in the flow of direct federal mort- gage loans in June was not suf- ficient to offset a drop in new housing construction, a report by Central Mortgage and Housing 'Shallow Grave | Indian Relic | | SASKATOON (CP)--A shallow |grave. containing the remains of a tourist ay Indian woman has, been un- |covered nine miles northeast of Saskatoon on a deserted farm. John Derr discovered the grave and notified authorities at the University of Saskatchewan. The word was passed to Zenon Poh- orecky, Ti haninmeat Corporation indicates, In a preliminary report cover- ing centres of 5,000 population and over, CMHC said Thursday that new housing starts in June fell by 12.5 per cent to 11,312 from 12,923 a year earlier. There was a slight gain from the 11,1556 homes started in May. For the first half of the year, construction starts were made on 45,231 homes compared, with 52,- 882 in January-June last year. Direct loans by the corporation in June were made for 3,166 units, ed with 2,905 a year ing ar with the provincial museum of natural history. Mr. Pohorecky says it is be- lieved death was caused by a gall dent on the back of the An elaborate religious Cder- emony apparently accompanied the burial. The grave, believed to be between 100 and 200 years old, is only 18 inches deep. The body was placed ih a north-to-south position with the knees bent and the head flat on the chest. A wood - handled knife was placed across the woman's heart and a necklace of stones about earlief, However, National Hous- ing Act lending from private lending sources declined. The largest decline during June in new housing activity was in Ontario, 'where construction starts fell by 23.1 per cent from last year to 4,046. UPSIDE-DOWN FLIGHT LONDON (CP) -- Ed McAully flew a single engine biplane up- side down from Lympne in Kent to Le Tourquel in France for 45 minutes. Another plane showed him the way. her neck. A brass bracelet was found among buffalo hides in the grave. A weasel's head, signifi- cant in Indian ceremonies, was also uncovered together with con- siderable jewelry. The archaeologist also r d G, H, and I, and the words New York, from a small bag. | "The resulis of our study may be very important in piecing to- of diesel engines. Col. W E. Phillips, chairman of Massey-Ferguson, said in Tor- onto that with the purchases the company will be the world's largest manufacturer of farm tractors. gether the history of early In- |dian life in this province," Mr. | Pohorecky said. EASILY NOTICED Crabgrass doesn't grow in the shade but picks the sunniest and most noticeable part of the lawn. a brass ball bearing the letters] | --------------. § SPEE-DEE WINDOW CLEANERS Windows cleaned, Floors washed and waxed. We Specialize in Office and Factory Work FOR FREE ESTIMATE CALL RA 8-6221 Canadian Trade Record Expected WINNIPEG (CP) -- Canada's export trade this year should reach an all-time record high of $5,000,000,000, Trade Minister Churchill predicted Thursday. In an interview, he said that "Canadian trade is doing well. It |is picking up, especially in the {second half of the year. We ex. | pect this latter part to be good indeed." | | | I Stop Breaking Your Heart It is possible for your emotions virtually to break your heart! Growing medical evidence re- veals a direct connection be- tween emotional stress and heart attacks. August Reader's | Digest shows you how to reduce emotional emergencies and per- | haps avoid a heart attack and | live a longer life. Get your | | Reader's Digest today: 37 articles of lasting interest. | | WE ARE | ON HOLIDAYS Closed | J | from | July 25th to August 4th COMPANY 23 CELINA METTE PLUMBING LIMITED RA 5-3279 5.50% and 5 | due August 514% Debentures Price: 100.00 and interest to yield 5.50% 62% Yield from Ontario Debentures The new issue of Province of Ontario Debentures provides the "highest interest return available for over 25 years from a new issue of Ontario debentures. Their excellent security and attractive interest return combine to make them investments suitable for almost all investors. Province of Ontario 15, 1969 ' *No interest will be charged on Debentures of both maturities §1%%4% Debentures due August 15, 1979 « Price: 98.50 and interest* to yield about 5.62% Physical export of gold, it is understood, currently makes up about a third of the bank's com- The exchange keeps no volume he is; the sort of man who gets ror] pale Jeers I Copper's | Recently Dr. Maxwell Dunbar, up at a regular hour, or else he sales are about half in kilo bars |2580ciate professor of zoology at|will be tempted to stay in bed all for which payment is received by August 17, 1959. bined sales for both export and investment. Whether for export or invest. ment selling, the bank's chases from other than the 'wo The largest single mines has run to many. millions |transaction to date was $1,000,- of dollars. One such purchase|pn ? jis was for 64,000 ounces 'or two! (Other banks than the Bank of tons) worth $2,240,000 [Nova Scotia are also understood Legend and romance enter|i, be in the trade, but i When the bank is approached bY | have Len henley 20 figures inquirers who say they know of| may indicate exchange trading of around $500,000 a month, though gtores or caches of gold in one tion is about 4,500,000 ounce country or another. Some such worth $187,000,000. Of this, about | SIMPLY because he is isolated, pearance." inquiries are regarded as the 2,500,000 ounces is produced with product of tales about old treas-| some government aid. and must 'Tibutés to a tremendous spirit of of two four-room schools and a res An indication of widening in terest is a growing demand for SWITCH FROM MINT small bars. Of the "At first the bank planned to'ounces about half was going to be sold to the Canadian mint Total Canadian annual produc- | and half in 400-ounce bars, this |VCGill University, said the aver- winter." |age northern community is '"'un-! {happy, torn by petty jealousy, pur-| higher estimates are also made, |Poredom and over - developed caused by men who let them- exchange | NEED RIGHT PEOPLE While life can be difficult here | most experts disagree with Dr. | Dunbar. It's all in sending the {right people north, they maintain. | A well-disciplined man, one who, refuses to let himself go to seed) |gets along quite well and con- comradeship. A Hudson's Bay Company spokesman said his organization remaining 3.00000 flonis for self-discipline in a man, and the bitter, "He must be the sort of man'months. An RCMP officer confirmed this and said most trouble is selves go. LET STANDARDS GO "Some of these construction workers come up here and let all their standards fall because they think it doesn't matter," he said. "They drink to excess, and don't care at all about their ap- Balanced against the amenities LOANS $50 to $5000 without endorsers or bankable security SUPERIOR FINANCE 17 SIMCOE ST. NORTH--RA 5-6541 small radio station aré the lack of sewer and water facilities, dearth of organized recreation| gloomy winter | OPEN FRIDAY Please enter my order for: 514% Debentures due 1969 514% Debentures due 1979 tiseseseneen EE TE TR ADDRESS. cc00000000000000000000000000000000000s0escessncces TiLL 8 P.M CLOSED SATURDAY DURING JULY AND AUGUST Branch Offices throughout Ontarie 36 King Street West Toronto 1 Telephone: EM 2-4444 "Wood, Gundy Limi & Company ted