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12 THE OSHAWA TIMES, Monday, March 7, 1960 Today's Stock Market Listin OILS Net Sales High Low 11 a.m. Ch'ge 1000 18 100 225 225 25 TORONTO 11 AM. STOCKS By The Canadian y Press Toronto Stock Exchange--March 7 (Quotations in cents unless marked §. 8 exdividend, xr--Ex- 3--0dd lot, xd rights, xw--Ex-warrants.) INDUSTRIALS Stock Abitibi 21% 1% 31% BEE¥ musi nn sa EdD Stock Gr Wpg 56 wt 500 200 400 400 $43% Net Sales High Low 11 a.m. Ob' % 35% 36% + LobCo B MB and PR 570 Mass-F 625 Mass-F 5% p 210 507 215 90 § 210 195 25 Simpsons Southam Stedman Steel Can Switson Tamblyn Texaco Can Ogilvie Sales High Low 11 a.m. Ch'ge $9% 9% 3 43% 52% Net 400 80 Stock Acme Gas Alminex Anchor Asamera Bailey 8 A Cal E4 CS Pete Cdn Dv C Ex Gas C Husky 200 21 355 C Husky wis 610 295 1171 470 Gr Plains Home Oil A Home Oil B HB Oil G Longpoint Medal Pac Pete Pamoll Anglo Hur Aumacho Bankeno Base Metals Bibis 25 Bicroft Bouzan Boymar Brunswick Cable Camp Chib C Malart 21% C N Inca "Qa -1 100 $17% 17% 17% -- W 100 350 350 350 210 305 305 845 $11 48 185 58 $1 25% 25% Stock Cdn NW Can-Erin Can-Met Captain Cariboo Cassiar Chester Chimo Coch Will 3 18 ~-% 308 0 209 209 650 650 650 280 280 a0 a0 102 102 270 +8 -3 --15 223 135 10% 885 845 11 Frobisher Frob debs Gunnar wis 1480 Hollinger Inspiration Int Moly 58 2% 12% 8 8 Kilembe Labrador L Dufault L Shore 14 Lin Am xd § + Lynx Macassa Madsen Malartie Maritime Maybrun 14 14 Sales High Low 11 a.m. Ch'ge 2400 7166 Ein Kilem C wts 500 gles Stock 700 WH TH TH --% 7 87 8 +1 McMar McWat Mentor Baa Baa e 3 & ETRE = += gi sreg New. H g.8s 822 exul. Be gon sefule Fo 1 Osisko Payma Perron Placer REESE eluaEeSS 3 = EGE oui. Pronto Pros " £8 F 2 &F 700 60 $83 Quemo! Mcintyre N Mylama Nipissing North Cam Opemiska Orchan gs. on Toronto Exchange Sales High Low 11 a.m. Ch'ge UK UU U% 7 7 7 4a wh 4a 15% 15% kL] & 1000 0sco $88 eestie gid E37 Be. rz 38882 gg g g st Portage Purdex Que Ascot nt Radiore Sturgeon Sunburst Teck-H Temag 125 Venture 1700 0 4500 1000 100 10 Winch Zenma Curb Gaspe + ses¥B sian 200 1100 -1 600 Sales to 11 a.m Tribag Trin Chib Violam Weedon Wiliroy Wr Harg c Cop 5 519% 19% 19% .: 413,000. BUSINESS SPOTLIGHT Economic Slump Ahead In Normal Business Cycle OTTAWA (CP)--A basic split has developed between govern- ment and opposition as to whether the Canadian economy is| growing fast enough. The answer| may well hinge on how soon the next economic slump occurs with the turning of the business cycle. The difference in views was ted up with last week's pub- cation of a survey showing a a four-per-cent rise in capital in- vestment is likely this year. This would bring capital spending to for both capital and consumer goods--must not outrun the pro- ductive capacity of the economy. Otherwise it is boom and bust. The predicted four - per - cent gain in Canada's capital program appears to meet those terms. Trade Minister Churchill said it seems 'consistent with a sound and orderly growth in the econ- omy." But Opposition Leader Pearso in a statement, appointing indeed." n, called it "dis-| | 0. J. Firestone, said late last] year that it's quite possible the peak in economic activity will come in 1961 with a decline at the start of 1962. Some private economists put it earlier, with the peak, to be followed by a slump, coming late this year or early in 1961. Those close to Mr. Pearson say the opposition's chief concern, if a recession does take hold next year, is the effect this will have on unemployment and on the government's fiscal position. They said this would send un- prior to a downturn in world market demand. But Mr. Pearson said that this year's capital program will be even smaller in physical terms than that of 1957, when the effect of higher prices is taken into account. Mr. Fleming's stand, set out in a Toronto speech Jan: 11, was that a strong but stable rate of econvinic growth should be fi- nanced from the formation of capital. Instability and inflation, he said, discourage savings. He recognized the fact both domestic savings and im- that employment totals up again with- ported capital have been needed| lout the present business upswing |having produced any sustained period of good employment. And| it would create more government |deficits, with resulting federal {borrowing demands on the money market. [ for Canada's growth. But he didn't go as far as the|ficient governor of the Bank of Canada, fixed missiles bases in the United James Coyne, who told Winnipeg States. audience Jan, 18 that a more moderate approach to capital present rate of Sunday that by 1963 Russia could NET EARNINGS | By THE CANADIAN PRI 38 Anglo-Huronian Ltd.,, 6 mos. | ended Jan. 31 (exclusive of profit on disposal of investments): 1960, $519,000, 34.7 cents a share; 1959, | $479,698, 32.0 cents. U.S. Deterrent Doubted By Expert WASHINGTON (AP) -- Atomic scientist Ralph Lapp predicted fire long-range rockets with suf- accuracy to knock out "And that means your deterrent will not be believable," Lapp said firs. and gives full assurance that the seaway will fulfil its function as a great artery of national and in- ternational commerce." i ' STOCK MARKET | Seaways Future Said Bright MONTREAL (CP) - Western grain producers have benefitted t over the St. Lawrence Seaway, B. J. Roberts, president of the seaway authority, said today. hrough lowered shipping costs oberts said the scar has beel away's ropitious He said direct overseas move- By WILLIAM P. SNEAD Research Director, . J. H, Crang and Co. The downward trends that have persisted in the stock markets since the beginning of the year were extended further last week with the Dow Jones Industrial Averages reaching their lowest levels since last March 31. The Rail average declined further to reach the lowest point since Sep- tember 22nd of 1958. The Toronto market, of course, followed New York, with every group from the nickels, which bad been showing much better than average strength, to oils and mines, trending lower. The motor and steel stocks, in Downward Trend Extended Further both markets, were sold heavily on reports of cutbacks in auto- mobile production and the lessen- ing demand for steel in the U.. Pipe lines, refining oils and oil producers were also under pres- sure as rising surpluses of crude oil supplies and refined products forecast lower prices and profits for the oil industry. News was scarce in the mining market and even mines with news in sight, such as Portage Island, Willroy, Bouzan and some of the Red Lake golds, were brought down in the general de- cline. Uraniums were again heavily sold, with Algom, Gun- nar, Consolidated Denison and others all making new lows. Young PCs Elect Eastern Executive CARLETON PLACE (CP) -- Hawley Black of Ottawa was re- elected president of the Eastern Ontario Young Progressive Cone servatives Association Saturday. Other officers include Jean-Guy Lafleche, Cornwall, first vice president; Gordon Cross, Carle ton Place, secretary, and Brune Massie, Alexandria, treasurer, Don't Neglect Slipping FALSE TEETH Do false teeth drop, sii when you talk, nh Re 2 a. bY bioh huhdieepe. FASTRETR. a alkaline (non acid) Ris LL to -- Tore Tims tot. Gives cond Ta y set. os of security and added gummy, ante ing. Get + RTE Today drug counter. \ ondering what to spend? FOR FOOD? ing at your take-home division marked for the your particular budget Lae re FOR SHELTER? The Pocket Guide to Family Spending can help you live and have a little left over... Here's how! Just set the wheel of The Pocket Guide to Family Spend- pay, in the number in your family. A column of figures ap- pears, listing suggested amounts for each of the main categories of family expense. Because family and indi- vidual needs and wishes vary greatly, will have a personal character all its own. But using these figures as a general guide can help you take that first important step in making sure your money goes on the things you really want. ruil FOR FUN? THE BANK OF NOVA SCOTIA A NETWORK OF OFFICES ACROSS CANADA AND IN LONDON « NEW YORK « CHICAGO « THE CARIBBEAN ments of grain from the Lake- head amounted to 16,400,000 bush- els last year, in addition to a heavy increase in direct water movements to St. Lawrence River elevators. The Canadian Wheat Board, anticipating savings in shipping, costs, had increased wheat prices in storage at the Lakehead by The Pocket Guide to Family Spending is free! Pick yours up at spending is necessary for Canada|on a television program with Sen- to live within its means. |ator Estes Kefauver (Dem. Tenn). | Lapp, a private consultant on $8,770,000,000 -- a record figure,| His argument is basically this: | Mr. Pearson's statement con-| but only $53,000,000 above the That the level of capital growthitrasted the four-per-cent rise in| previous peak in 1957. forecast for this year won't give|capital investment during 1960 » : In recent speeches, Finance/Canada much of a starting point|with percentage increases of 9.1 in| MF. Coyne sald that willingness| b i 7 Minister Fleming has emphasized|for the recession that some ex-|1955, 26.7 in 1956 and 8.4 in 1957-- to do without imports of foreign nuclear phys cs, expressed "very that an excessive g in|perts predict in the not-too-distant|the year of the last business|capital and to limit new invest-|real doubts" that U.S. military spe is dangerous and can|future. [pews ments to savings available in|forces will be strong enough lead to In: i | Canada would reduce inflationary|within two or three years to deter lead to instability, inflection and pi NoMisTS DISAGREE OVER-EXPANSION IN 1956 pressures, cut the huge annualjan aggressor. Thet iming of this townturn is| It's generally agreed that 1956|deficit on international payments BOOM AND BUST He rated atomic submarines a matter of argument. A leading brought an over - expansion ofland help Canada compete onjarmed with Polaris missiles as He has argued that demand--ltrade department economist, Dr.|Canada's productive facilities just'world export markets. superior deterrents. 5% cents. New nickel-chrome plated appliances...so bright... so right for modern living Beautiful designs. ..added conveniences in the new household appliances plated with Inco Nickel. How much easier and more efficient they make your housework. And how satisfying to know that they'll look as bright and attractive years from now as they do today. That's the beauty of appliances plated with nickel-chrome. And their utility! They add QUALITY PRODUCTS CONTAINING QUALITY INCO NICKEL sparkle to your kitchen. Food stains, grease and grime wipe off so easily. They won't crack, chip or deteriorate from rust and corrosion in normal use. It's the good heavy plating of nickel under the chrome that provides the real protection against rust, corrosion and wear . . . helps insure lasting beauty in depth. THE INTERNATIONAL NICKEL COMPANY OF CANADA,LIMITED 68 YONGE STREET, TORONTO co Amd