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12 THE OSHAWA TIMES, Pridey, Merch 4, 1960 Today's Stock Market Listings TORONTO 11 AM. STOCKS By The Cansdian Press Stock Exchange--March #---0Odd lot, Af rights, xw--Ex-warrants.) INDUSTRIALS 200 834% Boek Sales High Low 11 a.m. Ch'ge Abitibt Acad-Atl Alta Dist vt Alta Gas 200 $10 10 200 190 1% 615 $2 = 475 833% 3% 270 100 341% 41% 300 $28 3% 325 1% 7% 25 $2% 1% 110 849% 49% 125 $42% 42% 200 $10% 10% 400 $13% 13% / 1 th 6) C Curt W 450 210 210 C Dredge 100 $14% 14% CFairbks B 50 $7% 7% C Hydro xd 100 $11 1 CIL 25 Cdn Of CPR 34% 3 235 $16% 16% 2100 9% 9% 25 $25 2% 88% 8% 19 y vt Cr Telef Crown Trust Crush Int 200 Al 8 D Fndry pr ® Dom Stores Dom Tar 835 Sli UM Emco 100 $11 11 Fam Play 610 $20 20 Fanny F 15% 15% Fleet Mig 30 50 Fraser 150 75 $BKh BH 20 15% 50 5% 300 $3544 IU 35% -- W Int Util pr Inter PL Intp SU Inv Syn A Iroqg G pr Kelly wis 135 200 8 300 100 Net Block Sales High Low 11 a.m. Ch'ge 28 28 $124 1 205 285 West A wis Wood J A Zenith Curb Asbestos 200 z10 100 25 70 100 1100 1760 300 2% 1 300 210 210 $2616 26% $22% 22% $42 4 $15% 15% $124 12% 9% Mass-F pr 30 $100 Mass-F 5% p 50 897% Moore 390 N St Car 100 Nor Star A 250 NO NGas Oshawa A Page-Hers Pembina PC Jewel 100 150 2%0 110 200 $22 50 $51 Reichold 215 Roe AV C 265 Roe AV 5% p 15 %73 Royal Bank: 385 StL Corp 310 St Maurice 1100 Salada-8 Shaw.n Shawin A Simpsons Steel Can Steinbg T Ster Tr Sw.tson Texaco Can Tor-Dom Bk 5 Fo 50 5 $34% A $915 Trans PPL 250 Un Acc A 1 pr 20 225 210 300 Un Gas U Corp B 1 npr Ven pr Ww GW Webb Knp 400 Weston A 335 Weston B 50 $20% $514 240. 350 340 --2 $32 31 3% $200, 20% 914 $13 13 A A $45 45 $144 14 20% 3 5% 834% 34% $31 3 3 ---% 9% 100 974% $37 BH XN $13% 13% $18% 18% 189 N Star 57 wt 175 140 140 1 $13% 13% $7 7 25% = $7 7 Home Oil A Home. Oil B Longpoint Medal N Superior Okalta Pac Pete Petrol Provo Gas Royalite Spooner Sub Oil Tidal Trans Can Triad Of Un Oils Agnico Algom ) 20 All Rox Am Larder Anglo Hur Are radia Atlin Ruf Aumacho Aumaque Bankeno Barnat Belcher Bethim Bevcon 350 " 3% --% 1500 BUSINESS SPOTLIGHT Chinese Foods Vancouver Fad VANCOUVER (CP) -- The Chinatown cash registers are jingling merrily at the greatest revolution in west coast eating habits since the pioneers aban- doned moose-muzzle soup and roasted beaver tails. A few years ago, Chinese food | was something strictly for the adventurous night-clubber. Now, even h g - hatted busi men are passing up beef and po- tatoes for the exotic delights of ~how mein, chicken fried rice, / steamed garlic spare ribs, sharksfin soup, sweet and sour ducks' feet, squid, bamboo shoot and bean curds. Once you had to go to China- town for a Chinese meal. Now you can go to a Chinese restaur- ant in any of six suburbs, take the kids to any of 11 Chinese drive-ins, visit Vancouver's Chi- pese smorgasbord, or even buy your Chinese meal pre-cooked and deep-frozen at the meighbor- hood supermarket. RENTS ON PAR The revolution has turned Chi- pese food into a million-dollar in- dustry. Rents In crowded east- end Chinatown run as high as those in the spacious new office blocks on the west side. Surprisingly enough # wasn't the Chinese Canadians who started the change. "A few years ago our business was 80 per cent Chinese Cana:/economic dian and 20 per cent Occidental," says George Wong of the Bamboo Terrace, one of Chinatown's best- known restaurants. "Today I'd say the figure is 90- per - cent Occidental customers and 10-per-cent Oriental." Sam Kee of the Lotus Gardens, who boasts that his food is China- Chinese, not American - Chinese, says there are four reasons for the Increasing popularity of Chi- nese food. "Chinese food is never over- cooked," he says. "Even chicken we cook only 80 per cent." SEASONED IN KITCHEN The other reaons are variety, cheapness, and the fact that the spice is all added in the kitchen by the first cook, second cook and fry cook. Kee has unbent suf- ficiently to allow pepper and salt on his tables but he winces every [time somebody uses them. But the eating revolution is |other way, too. New generation Chinese Canadians are turning to beef and potatoes. Even Roy Mah, who runs the Chinese publicity bureau, con- fesses that his wife usually dishes up something like pork chops, hamburgers or fish and chips. "Not that Chinese food isn't the best," he says. "Oh mo. No. Never. Never. | "But Canadian food is so much| easier to prepare." Interest Rate Savings Spur TORONTO (CP)--High interest rates are making people consci- ous of the rewards of saving, N. J. Alexander, president of the Investment Dealers' Association of Canada, said Thursday. At a press conference he said the fact . that investors can get 6%-per-cent interest on good qual- ity bonds is one of the striking and social develop- ments of the times. Such a re- turn, he commented, is double that of a few years ago, and the highest in many years. It is, he continued, of vital in- terest to people dependent on in- come from relatively small cap-| ital--but it is also a tantalizing| carrot before the noses of all who can put aside some money out of today's high salaries and wages. Mr. Alexander--who is deputy general manager of James Ri- chardson and Sons Ltd., Winni- |peg -- said it is hoped increased rewards will really turn Canadians toward greater savings. Faraday Uranium Profit Reported TORONTO (CP) -- Faraday existence is thus ensured for Price of 44.99 Uranium Mines Ltd., uraniumthe communities surrounding the| producer in Ontario's Bancroft area, had net profit in 1959 of $1,383,280, or 31 cents a share, compared with $712908 or 16|ficers have presented this situa-| tion to both federal and provin-| . The aunual report states that |ciat authorities and it is hoped | long-term debt, now reduced to|that some action will be taken to $4,000,000, probably can be re-|ensure the company's operations 14 Hd Pp cents, in 1958, tired by the end of this year if it seems desirable ll In that event it will be possible | to consider payment of dividends and "at that time it is proposed to inaugurate a dividend policy commensurate with the best in- terests of the company." Commenting onathe federal 'stretch-out" plan the report says the company's operations are sat- isfactory and no consideration has been given to the sale of all or part of its uranium contract to another mine, At the same time, it adds, the company does not rank with the very low-cost pro- ducers who are able to offer better purchase prices, and ef- forts by faraday to purchase ad- ditional contracts have not been successful CUT MILL RATE It is planned, however, under the stretch-out provisions, to re- duce, after April 30, the daily mill rate to 1,200 tons compared with the average of 1,473 tons in 1959. This will prolong operations for from three to six months beyond the contract's original expiry date March 31, 1962, Commenting that elsewhere it has been possible to provide for some production to 1966 the re-| port comments that a prolonged| |areas. It adds: "No sucH relief is in sight for the Bancroft area. Company of- {past 1962." The company, the report states, has adopted an active policy of seeking other mining properties of merit. TELEPHONE AID FOR REFUGEES TORONTO (CP) Tele- phone subscribers in Saskat- chewan can support World Refugee Year by dialing their long distance operator and telling how much they want to donate, the Canadian com- mittee for World Refugee Year announced here Thurs- day. Bubscribers give thelr name, telephone number and the amount they want to con- tribute . and the subscription is added to their next tele- phone bill Saskatchewan Telephones Minister C. C. Williams said although the drive was out- side the scope of the tele phone industry, an exception was made because of the humanitarian aspect of the drive the| By Industrials TORONTO (CP) -- Industrials took their worst pasting of the year Thursday Industrials went down. to their lowest point since September, 11958. | Index losses: Industrials 6.17 at 485.65; golds .48 at 86.69; base {metals 1.86 at 156.94; and West-| ern oils 1.65 at 92.86. The final volume of 1,875,000 shares was slightly higher than Wednesday's 1,848,000. Moore Corp. lost two points at 136%. Eddy Paper, Royal Bank and International Utilities all lost {1% points. Dominions Stores, Em- pire Life, National Steel Car and {Loblaw Inc. all went doyn one (point. Dominion Scottish Invest- {ment dropped % at 32%. Canadian Tire had a three-point gain at 173, Power Corp. ad- vanced 1% at 51 and Dominion Oilcloth moved up 1% at 38, International Nickel lost 2% points at 94.% Hollinger lost % at 24. Consolidated Denison fell 50 cents at $8.60, Gunnar dropped five cents at $8.30 and Algom was unchanged at $9.45. Western oils struck its fourth new five-year low in two days. Royalite dropped 55 cents at $8.90 and Home Oil A lost 25 cents at $8.80. Fleming Counters Civil Service Bid OTTAWA (CP)--Finahce Min- ister Fleming replied Thursday to a civil service bid for pay in- creases by saying salaries are under continuous study by the government. But his letter to the joint action committee, which represents two big government employees organ- izations, made no commitment that increases are in prospect. 'Tobacco Sales At Tillsonburg TILLSONBURG (CP)--The On- tario Flue-Cured Tobacco Grow- ers' Marketing Board reported sales Thursday of 2,107657 pounds |at an average price of 56.19 cents a pound. Sales to date are 131,- 148,595 pountls at an average price of 56.50. There were 90,543 pounds of MH-30 treated tobacco sold today on the open market at an aver- age price of 44.99. Sales to date are 864,088 pounds at an average Block Sales High Low 11 a.m. Ch'ge 5 su% $25% 25% 25% 200 255 250 255 BY WK BA --% $15 15 15 $39% 39% 239% $21% 20% 31% -- % OILS 500 250 3 360 3200 101 215 Net Sock 11% u% +% Can Erin Can-Met Cassiar Cent Pat Chib Jac Chimo Chrom Cody Coin 50 250 48 4 48 18% 17% 17% 360 360 100 100 305 215 0 Reco C Denison C Den wis Ss C Discvry C Fen C Halliwell € Ma wt PVAR EE Spill tt | Gunnar wis H of Lakes Hollinger Hud Bay In ation In Toly ol Irish Cop J Waite Jacobus Joliet Jonsmith Kerr Add Kilem C wis Labrador L Osu L Shore Langis LL Lae Lorado Lyndhst Maecdon Madsen Man Bar Maralgo ot Sales High Low 11 a.m. Ch'ge Con M and 8 150 Conwest 1050 93% 135 65 65 14% 14% 4% Stock Maritime 6000 88 Martin 7000 33 Maybrun is Mt. Wright 2000 50 Muiti-M feeds ERE N-lo New Alger New Bid New Cal New Hosco N Kelore Ne wiund N Mylama Nickel MS Normetal N seiEbsystusd gessies -ssfupeusef say gss Preston Pronto Pros Air Que Ascot 2 seigue.snn i ggssss -5 Rexspar 600 .n 4200 Sherritt Siicoe 1600 S a 1000 8 Stanigh wis 0 8 Sait Steeloy 1500 s R Teck-H U Asbestos Un Keno Ventures on Toronto Exchange Sales High Low 11 a.m. Ch'ge 75 $1144 ES femsgany = a Ww - 1000 6% 44% 4 4 550 $10% 10% ion - % 200 580 405 324% Sales fo 11 a.m.: 568,000. Union Security Danger Claimed nursing and other professions be given the right to organize. CRITICIZE CLAUSE Both leaders criticized the clause stating mo person shall be discharged from his job even when expelled by the union. "To blandly establish the prin- ciple that no person can be dis- ciplined, regardless of how flag- rant or injurious his union or non- union activity might be is simply stating . , . that this government position that unions must live with a cancer," said Mr. Winter- meyer. "You'll end up with a manage- ment union," sald Mr: Mac- Donald Ce TORONTO (CP) -- Opposition 1a members said Thursday night in wh wa the legislature that a section of Fi the proposed Labor Relations Act » -1 amendment "weakens the secur- 0 Bl ity of unions." a4 a Liberals rapped the govern- 2a ment for giving a worker the "privilege to cease membership in a trade union and instruct his employer to stop deducting dues from his salary." The union cannot, even in a closed shop, have this man fired under the amendment and if he is let go by the company he has recourse to the Labor Relations Board. Elmer Sopha, Liberal member for Dghiy unionized Sudbury, said A at clause does not give a man| Whi) o the right to work but the right|ment le eommiuios the Savers. to "undermine, disrupt and de-|proceedings under the amend- stroy fellow workers." ments, Mr. Wintermeyer said 'Where unions have no secur-| conciliation officers should be re- ity they must continually fight|moved from the civil service and for their lives," said the lawyer, a labor consulting service be set who has. represented unions in up. mediation proceedings. Both leaders criticized the bill INY for not providing a repeal to sec- NE ARTARE ver shay [tion 78 of the act to allow for dismiss an employee" for quitting rte suilitica Micon ind sagning a given union "invites another| cipal authorities, = w= i.xuelfse, Eusgustissu en - g ¢ suscpsuseissspnns. C with the union that is already Labor Union Organizing Drop Seen It is a workers "moral duty to support the trade union which bargains on his behalf," he said. Labor Minister Daley said that "there have been cases of unjust dismissals--all it does is give that man a place where he can be heard." Arthur Reaume (L -- Essex North) said that under the clause the worker who got higher wages and better working conditions could "tell the union to go fly a kite." He could spend his dues on 6a 6% + WH N eupdupiy wap. cnelfes.snn, +4 +1 --15 580 580 24% 24% -- % 20 620 Low Point Hit | Toronto Cattle Trading Active TORONTO (CP) -- Trading in slaughter steer, heifers and yearl- {ings was active this week at the |Ontario public stockyards. The |demand was keen in these classes |and prices were firm. Cows sold at 50 cents to $1 per |hundredweight higher while hogs {sold $1 lower. Bull prices were |firm, veal calf prices steady and [sheep and lambs generally un- changed. Cattle receipts were some 500 head more than last week and nearly 500 head fewer than the same week in 1959. Receipts from Western Canada totalled 365 head an increase of 67 over last eel, jum light bulls 14-17, Replacement cattle: handyweight stockers mostly 23- 24; common and medium stock- ers ranged from 18-20. Calves: Good vealers 34-36 with choice to 38; medium 27-33; com-| mon 20-26; boners 12-18. Hogs: Grade A 19; heavy sows 12; lights 14; stags 9 on a dressed weight basis. heep and lambs: Good handy- weight lambs 23-23.50; and heavy lambs 18-22; common 15-18; sheep 4-9 according to qual- Scarborough. will medium |cessary. Company. Workers Fight Company Move ST. CATHARINES (CP) -- All common 13-14; canners and cut- but a dozen of some ters 11-12.50; good heavy bologna |ees of the English Electric Com- bulls 17-17.50; common and med-|pany voted Wednesday night to |fight the company's planned Good|1i0ve to the Toronto suburb of The company told a mass meet- ing of workers Monday that it move to Scarborough and may invite as many as 150 key workers to move there. Workers found fault with the company's management and sales force and charged this was the reason iis move became ne- Engiish Electric is a wholly owned subsidiary of John Inglis beer. "You are allowing a back-down movement that will break up many certified unions. CONTINUE DISCUSSION Premier Frost told the legis- lature the discussion could con- tinue today and then the bill would go to the legislature's la- bor committee. He said one of the reasons for the insertion of the clause was a incident at a Windsor brewery where a worker supported the loyees certification of a new union. He eligible emp 1 was dismissed. "It was a closed shop and he lost his job." CCF Leader Donald C. Mac- Donald and Liberal Leader John Wintermeyer said the bill de- liberately excludes provincial civil servants from the right to organize, Mr, MacDonald said civil serv- ants were being treated as sec- lond-class citizens. He urged that monthly statistics for 1959. gan su] the process. employ- centage. TORONTO (CP)--Labor union organizing last year sank to its lowest depths since certification was introduced to Ontario in 1943, according to a compilation of the department of labor's Certification applications were successful 67 per cent of the time --the first year the figure has been below 70 per cent since the Ontario Labor Relations Board, and before it the labor court, be- Nor did the percentage of union victories accurately reflect the ain in membership since in 67 per cent of the unions' victories they won only 53 per cent of The statistics also showed a continuing decline in successful representation elections. Favor- able union votes dropped to 39.59) per cent, the first time the figure has been below 40 per cent and little more than half the 1956 per- Capital Spending ToBeRecord OTTAWA (CP)--Capital invest- ment in Canada, after a two year slump, is heading for a four- per-cent rise tc record levels this year. A survey of capital spending plans by business, governments and institutions, tabled in the Commons Thursday by Trade Minister Churchill, shows an $8, 770,000,000 program for new fae- tories, machines, homes, high. ways and the like. Opposition Leader Pearson im- mediately criticized it as "dis appointing indeed" in the light of what he said are oredictions by some experts that 1960 probably will be the last full year of pros- perity before the next recession. The $8,770,000,000 figure, which \the survey said could go higher if market demand continues te improve, compares with the pre vious peak of $8,717,000,000 in capital outlays in 1957, Capital spending slumped by 4.1 per cent in 1958 and them rose by only 4 per cent last year. STIMULATES ECONOMY Increased capital spending is viewed as an economic stimul- ant. Recent government state ments also have forecast strength this year in exports, another buoyant factor in the economy. The spending survey said sup plies of labor and materials ap- pear adequate to meet the de- mands of capital expansion am indication that inflationary pres sures are not expected from that direction. It cautioned that the present capital program could be affected by any "significant changes" in the money market from which much of the financing for the pro- gram will have to come. But it said the investment intentions of business, as collected by the sur- vey at the end of last year, pre sumably took into account eur rent money market conditions. The survey shows business im- vestment forecast to rise six per cent this year to $5,010,000,000. FOREST, MINERAL BOOST Main factors in this field are a 20-per-cent rise to $756,000,000 im investments in the forest and mineral industries and a 13-per- cent rise to $855,000,000 in epend- ing for mew trade, finance and commercial services--mostly new stores and office buildings. A substantially higher rate of spending on metal mining and primary iron and steel industries is forecast. The only decrease expected ie in hovsing. down to $1,696,000,000 David Archer, president of the Ontario Federation of Labor, at- tributed much of the decline to the campaign against labor. But|capital outlays by institutions, said the trend now is reversing. from $1,759,000,000. This would be than offset by increased mainly universities and hospitals, and stock calves bered 1 head, There was only one ecarload shipped to Eastern Canadian slaughterers and no exports to the United States. Slaughter eattle: Choice steers 22-22.50 with sales to 23 and a fes loads up to 28.75; good 21-22; medium 18-20; common 15-18; good heifers 19-20 with choice to 20-.50; medium 17-19; common 14-17; choice fed yearlings 23-24; good 22-23; good cows 15-15.50 with sales to 16; medium 14-15; No Narcotics Legislation OTTAWA (CP)--Health Minis- ter Monteith sald Thursday the government plans no narcotics legislation at the current session of Parliament. A bill that would provide for a national referendum on the issue of capital punishment was intro- duced Thursday by Yvon Dupuis (L--St. Jean - Iberville - Napier- ville). The bill has little, if any, chance of being passed. OTTAWA (CP) -- Alan Mac- naughton, Liberal member for Montreal Mount Royal, was re- elected chairman of the Com- mons public accounts committee and Margaret Aitken, Progres- sive Conservative member for York-Humber, was elected chair-| man of the committee on stand-| ing orders. The government has agreed to |give Nova Scotia all assistance] {possible in the province's fight | against unemployment, Labor] | Minister Starr stated in a Com- |mons reply. | Stylecrest Seamless NYLONS PAIR 79- LOT SPECIAL VALUE | Today and Saturday 20% DISCOUNT DOWNTOW OSHAWA 2 By SERVE YOU BETTER OSHAWA SHOPPING CENTRE D SCHOFIEL * LoRESIDENT LTD. NASH ALUMINY CHAS. R: WATSON ASSISTANT MANAGER N. E. CUTLER REPRESENTATIVE HERB HEATH REPRESENTATIVE a Message After completing part of our expansion program our thoughts turn to our many customers who have played such a large part in the success of our business, and we take this opportunity to say Thank You The change in nome to Nash-Formalum is just one phase of @ program which will enable us to give you better service than ever before, The same high quality products will be produced in our factory in Oshawa as well as in our new factory in Lindsay end will be distributed by the same men whe have served you over the past ten years. FOR DON CROSSMAN SALES MANAGER DAVID MORRISON REPRESENTATIVE M. GLECOFF REPRESENTATIVE Aluminum Awnings Aluminum Siding Aluminum Storm Windows Aluminum Storm Doors Prime Double Storm /Screen Windows Enamalum (Enamelled Windows) 16 Different Colours IS OUR SPECIALTY" NASH-FORMALUM Factory and Showroom : 94 BRUCE ST., OSHAWA C. A S + SCHO PRES) MALU ALUMINUM AWNINGS FIELD Lrp, UE a i 2 -- Ee ------ -- RA 3-2219