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18 THE OSHAWA TIMES, Monday, June 6, 17u0 ---- | Bank Borrowing Rate Cut In U.S. |aeipnia ana san rrancisco,| Others of the 12 banks in the sys-| tem were expected to follow but| there was no rush to get on the bandwagon. Some rinanciers expected| cheaper borrowing to propel| business closer to the rate ex- pected when the year began. The key to the outlook was whether the reduction becomes rne steel ana automoblie in dustries slashed their output this week. The Memorial Da; holiday weekend was partly t blame. Ford Motor Compan, shut down five plants for inven tory adjustment. Steel production slipped to 61.¢ per cent of capacity, lowest since the week of Nov. 9. Last week's level was 65.6 per cent. Som 25,353 a year ago But the outlook was good with in estimated production of 623,- )00 cars expected in June, which ould make it the best June ince 1955. Output in May otalled 611,958 cars, and that vas the best for the month in ive years. Sales sagged in the appliance ndustry last month. Retail trade again slipped below the level of Range Of Action Sought By Women | Canadian Press Staff Writer NIAGARA FALLS, Ont. (CP)-- An organization that started as Long of Winnipeg, freelance riter and former director of the BC women's services. She is or- Underhill, London, lent profes- sional advice to technical ques- tions. INTERNATIONAL PLAN Mrs. G. D. Finlayson of Ot- tawa, nationai council president, said that at the international council meeting in Istanbul in Au- gust, Canadian delegates will urge a concerted effort to bring up a generation of children free from prejudice. form course of instruction for a citizenship applicants. STAND ON REFUGEES Ar open door for refugees wa advocated "in reports. "The tim is long past when we shoul: shoulder our responsibilities t the less fortunate, both from ths Christian philosophy we profess and because of the space we pos sess uninhabited." In the area of penal reform the producers took furnaces out of operation. Several thousand wo kers were made idle. Most com panies planned to get their closed facilities back into operation next week. ;anizing a Lady Aberdeen mem- rias library of books by and about women as a tribute to the council founder. amount of interest charged wien general and whether the banks nember banks borrow money|adjust their own interest rates rom the reserve system. It us- proportionately. wally is reflected in the rates the, Tae stock market perked up nember banks charge their bor- somewhat on the news os owers. kers felt that lower interest rates The rate - cut to 3'% per cent|would make the yieids rom four was approved for the mon stocks and bonds more a 'ederal Reserve banks in Phila-| .ractive to investors. PORE AD he parhament for women, before NEW YORK (AP) -- Is Unitex States business going to get : stimulating shot in the arm? That question arose this wee after the Federal Reserve Boar approved a geographically lin ited cut in the discount rate The discount rate is th In the area of national action,|council wants its members ae |the council wants native Cana-|quainted with the need for i |dians to take their vote more ser-{more enlightened approach foi |iously and new Canadians to be|the 75 per cent of prisoners re Experts such as Marguerite instructed on the r ibilities|quiring minimum security pris Bailey, Toronte medical doctor, of citizenship. |ons. Treatment and rehabilitatios vere highlighted by and law graduates Mrs. William One resolution called on the|ratier than punishment is the witty intrusions from Elizabeth Abbott, Montreal, and Mrs. F. E. government to establish a uni- emphasis. y EATON'S BETTER QUALITY HANDBAGS OMBINE HIGH FASHION WITH FINE LEATHERS Ordinarily 13.95 to 25.00 As soon as you see these elegant bags, you' realize the ex- 3-year ago. 3 women had the vote, hammerec People were buying more|g,. government action in many things on credit. The Federal Re-|siciqC a5 the National Council of serve Board announced that oul-lw,men concluded its annual standing consumer instalment ing Friday Automakers assembled an ¢s- credit in April showed the ay 2 i 000 ears is week.|gest monthly expansion, $5 down from 143 last week and|000,000, since last August. 'resinns ceptional savings headlined in this special purchase ! Beauti- ful collection from well-known maker includes tailored ane soft silhouettes in over 50 different styles ! Telephone or mail orders accepted only on 12 styles sketched. En EATON SPECIAL PRICE, eath Rd . 9-30 Choose from the season's most popular shades in fine leathers: SMOOTH CALF--in black, dark brown, medium brown, bone and navy. MOROCCO-in black, brown and navy. VENETIAN CALF--in black and brown only. Inspired designs are slim and pouchy shaped with quality frames with overarm handle ! The inside story offers corded rayon taffeta or pony hide (leather-like plastic) lining with zipper and mirror compartments plus change purse. For a graduation or birthday gift . . . a treat for yourself . . see this outstanding handbag collection at exciting savings-- Tuesday at EATON'S! EATON'S MALL LEVEL, DEPT. 217 PHONE RA 5.7373 andsome Bird Baths to please a gardening father Please Dod by adding a finishing touch to your garden . . . an ornamental bird bath. Choose from these two models: lllustrated--soft-looking white stone- ware with classic carved-effect design of birds, vines and scrollwork. Stands approx. 23" high, 17 diameter. A distinctive . decoration for your land- scape. ¢ § EATON Special Vries, each A 5 : ih IA Children's Cotton Underwear and Sleep Togs | ® CHILDREN'S UNDERWEAR Polo Pyjamas soft EATON'S . . , ONLY AT Birkdale Cotton Knit Polo Shirls he'll be es Natty, pol t collar witt Specially Priced ! 'Zippo' Windproof Lighter in handsome 3-piece set with a 'wind-proof"' Surprise Dad on Father's Zippo gift package lighter, flint If he's pecially pleased! day . Not Illustrated -- classically simple design in "cast marble"'--a mixture of marble with Portland cement. White only, with the look of marble. End-of- line to clear. ond lighter: fluid all in one! A--Little Boys' Cotton Briefs an outdoors type 2-button opening in 1 double panel front, wide elast front Sizes 4 and 6 year B--Little Girls' Cotton Vests Narrow shoulder strap Sizes 2, 4, 6 C--Little Girls' Cotton Panties Rree-running: elastic. Sizes 2 4 4 mbed cotton knit Knit of Interlock tton, gentle against ten= der styled with ribbed neck" button closing at neck for easy on-and-off have animal motif 'designs children | lour blue, in size Lightweight and aot kin and cuffs, Tor sure to enchant pink, yellow or plated in dull finisk with interlined collar, reinforced shoulder ottractive presentation box Tub-tex"' treated tc hrinkage wvlon-reinforce EATON Special Price, each 15.95 PHONE RA 5.7373 Handsome striped patterns in wa choice 2.746 old-colour Complete 3.9 5 ed ck on EATON Price,' each grey, olive Not illustrated: Little Boys' Cotton Vests With nylon-reinforced seams. Sizes 2, 4, 6. Special 39 2°.1% Special Price, each EATON"S UPPER LEVEL, DEPT. 210 EATON Special Price, EATON'S MALL LEVEL, DEPT, 515 EATON'S MALL LEVEL, DEPT. 252 PHONE RA 5.7373 PHONE RA 5-7373 EATON'S MALL LEVEL, DEPT. 232 PHONE RA 5-7373