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GERACE (nee Arvay their son, 8 Ibs. 8% ozs, on Fri- 960 at the Oshawa Gen- {) 3 and Lynn tase 'olosewich) are ha) to announce val of a ay Sheryl Lynn, 6 ., at the Oshawa General tal on Thursday, June 30, 1960. to Dr. Glazier. THOMPSON -- Oriel and Barbara (nee Renaud), wish to announce the arrival of a son at Oshawa General Hospital, June 29, 1960. A baby brother for Cindy. Norman and Mar- WILKINS -- David and Gwen (nee Coleman) of Brooklin, are grateful to God for the safe arrival of their daugh- ter, Grace Mary Ruth, 7 Ibs. 11 czs., on Friday, July 1, 1960, at the Oshawa General Hospital. Thanks to Dr. Bald- win, * WILSON -- Mr. and Mrs. William Wilson (nee Jacque Attersley) Oakville, Ont., are happy to announce the birth of their son on Wednesday, June 29, 1960, DEATHS ANNAN, Margaret Helen -- Entered into rest at Oshawa General Hospital on Thursday, June 30, 1960, Margaret Helen Mitchell, beloved wife ¢f Donald C. Annan of RR 3, Pickering; dear mother of Doreen, Lois and Blaine; lov. ing daughter of James A,, and the late Ethel Mitchell; loving sister of Harold A. Mitchell of Dunbarton; Arthur W. and Elva Mitchell, deceased. Mrs, Annan is resting at McEachnie Funeral 28 Kingston Road West, Pick- ring: Janersl service in the chapel on Sunday, July 3 at 2.30 p.m. Interment Erskine Cemetery. ARGALL--In Oshawa Gen. Hospital on Ji 960, t] ie. Funeral from McIntosh-Aderson Funeral Home on Saturday, July 2 1960, at 3 p.m. Interment St. George's Cemetery, Newcastle. BLACK -- At the Oshawa General Hospital on Friday July 1st, 1960, erine Avery, in her 87th year, belov ed wife of Archie Black and i the falo, Mrs. C. McNight (Jean) of Osh awa, Donald, Vancouver, B.C. a Malcolm of West Bank, British Col- . Mrs. Black is resting at the Gerrow Funeral Chapel, 3%0 King Street West for service In the chapel an Monday, July 4, 2 p.m. Interment Y, CLENDENEN -- At RR' 1, Hampton, on Friday, July 1, 1960, Charles Edwin Clendenen, aged 87 years, beloved hus- band of Alzina Goudie and dear father of Gordon Ray. Resting at the Morris Funeral Chapel, Bowmanville. Service in the chapel on Monday at 2 p.m, Interment Dickson's Hill. Cemetery, Markham, pent FERTILIZER Caplin Catch Helps Nfld. BURIN, Nfld. (CP)--Have you|of sand and beach rock by means lever seen a caplin? of a sticky substance and hatch If you have never visited New-|in about two weeks. foundland, chances are you have| The young caplin is about never seen this tiny fish of many |three-sixteenths of an inch in uses. | length, growing to about three or But they're a familiar sight | four inches by the following sea- ach June along the indented) son. oreline of this island province. | oo oe MBLE SMELT A five-inch caplin will deposit ling for their share of the fin-|about 15,000 eggs, and one eight ger-length fish that scientists call [inches long will lay as many as "mallotus vellosus." 50,000. Spawning also occurs in deep water when the Atlantic warms up during July and Au- |GOOD FOR SOIL The caplin is an excellent gust. |source of. organic fertilizer and| Not much is known about the {has been used for centuries by fish beyond the fact that it is | Newfoundlanders. It is also use-|said to belong to, or at least ve- ful as codfish bait and can be semble, the smelt family dried, corned or smoked for win-| Fishermen - farmers use cast |ter eating. nets and barrel tubs to haul the | With the exception of the north |silvery fish ashore for use in shore of the St. Lawrence River, their gardens. Commercial fish- and Gaspe coast in Quebec, the|ermen take advautagz2 of the GERROW FUNERAL CHAPEL Kindness beyond price, yet within reach of all. RA 8-6226 390 KING STREET WEST coves and harbors of Newfound-|cod's insatiable appetite for cap land are the only places in the|lin in using it as bait. world where the caplin is known| Under normal conditions, the to come each year in quantity.|caplin and cod trap can provide They roll landward by the mil-|fantastic returns. Fishermen who lions to spawn on sandy beaches, [landed their catches ar one of Spawning usually occurs when|Newfoundland's modern process- the water is at a temperature of ing plants last season grossed as about 45 degrees. The eggs are high as $3,500 a week for a three- left to cling to the tiny grains/man crew. LOCKE'S FLORIST Funeral arrangements and floral requirements for all occasions OSHAWA SHOPPING CENTRE 24 HOUR PHONE SERVICE RA 8-6555 Stock Volume Down In 1960 By GREG MacDONALD that would give impetus to the Canadian Press Staff Writer |market. OSHAWA MONUMENT COMPANY SPECIALIZING IN Monuments, Markers Memorials, Cornerstones, Statutory of all types. 1435 KING ST. E. Ph, RA 8-3111 or RA 8-8876 It was boom-time, 1955. | A lack of foreign: investment, Investors were wallowing in a especially American is listed as surging mining market. - t-| another reason. U.S. speculators rials were at a fair level andghave turned to their own mar- oils were catching on. Shar ets and the space - age stock turnover sometimes reached as|Which recently seem as lucra- high as 15,000,000 shares a day.|tive as Canadian mining shares At Christmas, new cars and half- once were. year salaries were given to em-| n ployees as bonuses. A total of Bove t decision to allow the IN MEMORIAM ™ = i : EL nd ig ia Mikicel,| were moving ahead by leaps and dear wife and who passed away July 2, 1957. Years of striving, little of play, Loving, giving, the whole of the way A cherished of mile, a heart of gold, Toronto Stock Exchange and a To the dearest mother the world total-of 763,249,612 shares were could hold | Happy memories, fond and true, From us who thought the world of estimated $1,860,422,327. __Sadly missed by husband Fred, son HIT RECORD LOWS Mike, Ann and Michael. 1,514,476,109 shares had been expo! natural gas to the traded during the year worth a United States market gave the value of $2,699,008,896. oil market the stir that was ex- Four years later share ars peered and Jus Wis wont tue To but industrials ex a e Toront- ock get bad dropped Exchange struck a 10-year low. bounds. Most bonuses had been| However, brokers are optimis- cut sharply. It was 1959 on the|tic about the future. They be- lieve the softening of the prem- ium on the Canadian dollar re- an|cently will draw back U.S. in- | vestment. | | The so-called tight money sit- uation has eased and although Then in June, 1960, the stock bonds still seem to be one of traded during the year, worth MIKICEL -- In loving memory of alindices hit record lows in all/the biggest rivals of the market, dear mother, Nellie Mikicel, who pass-| sections in nearly each of the brokers hope for a money flow ed away July 2, 1957. No one knows how you, No one knows the bitter pain Life has never been the same. much we miss| [first six months of the new dec: back to stocks. ade. Share turnover dropped Ir the meantime there are |drastically and was barely av-| crossed fingers along Bay Street We have suffered. Since we lost YoU eraging 1,500,000 shares a day, in Toronto and only time can In our hearts your memory lingers. Sweetly tender, fond and true; There is not, a day, dear mother, That we do not think of you. --Lovingly remembered and missed by daughter, Rose, Steve, grandchildren, and Timmie STUBBINGS .. In cherished memory of our beloved dad and granddad, Wil- PA liam (Bill) Stubbings, who away.one year ago today, July 2, 1959. Please God, forgive a silent tear, A fervent wish our dad was here, There are others, yes, we know, But he was ours, we loved him so, Dear God, take a message To our dad in heaven above, Tell him how much we miss him, And give him all our love. --Too dearly loved ever to be forgot ten by daughter Betty, son-in-law Gord and grandchildren. STUBBINGS -- In loving memory of our dear dad and granddad, in heaven one year today, July 2, 1959. We lost a dad with a heart of Bold: | any, Who was more to us than weal untold ithout 'farewell, he fell asleep, only memories for us to keep. We have lost, but God has gained One of the best dads the world con ined. --Dearly loved but sadly missed by daughter Lois, son-in-law Bill and granddaughter Debbie, STUBBINGS -- In loving memory of a dear father and grandfather, William H. Stubbings, who passed away July 2, 1959, ome year ago today. What would I give to clasp his hand That meant so much to me, --Lovingly remembered by daughter Jean in-1 Max and gr ter Cathy. STUBBINGS -- In loving memory of a dear husband aud father, who passed , 1959. And whispered, You wished no one a last farewell Nor even said good- You had gone before we knew it And only God knows why Loving and kind in all your ways Upright and just to the end of your days Sincere and kind in heart and mind Beautiful memories you oft ening ~Lovingly remem and daughter Dorothy. adly| Many brokers feel this year Rose ttavea| could be the lowest trading year dustrial index fell one point at la far cry from the 2,500,000 tell when the market, especially |shares a day that brokers say mines and oils, will boom again. should be traded to break éven. ALL DROP THIS WEEK At Toronto this weel the in- since 1950 when only 506,595,465 488, while golds went down .93 shares were traded during the at 75.35. Base metals failed 2.06 year worth a value of $902,461, at 53.16 and western oils slipped 12.32 at 79.78. At the end of June the total The final volume for the week volume for the first six months|was 6,222,000 shares compared was « 228245599 shares, worth with last week's 7,618,000 shares. $627,664,419. 2 Dollar value totalled $18,661,478 Stock brokers, especially those compared with $22,742,850 the |dealing in mining shares, thrive previous week. lon volume. Layoffs on Bay Street| Of the 791 issues traded at {have been frequent and last Toronto this week, 204 advanced, month, because of the "quiet 393 declined and 194 were un- | market," Doherty, R oad house changed. and Company merged with the Index .changes at Montreal: |smaller Jack Purcell and Com- Banks off .82 at 53.89; utilities a brokerage house that off 1.0 at 138.5; industrials off {got -its start when the mining 5.0 at 275.1; combined off 3.7 at |boom became evident in the 229.6: papers off 4.5 at 426.4, and not even the Canadian wife | early 50s. But brokers dealing in indus- trial stocks, which exchange of- ficicls say are making up a good percentage of the current daily turnover, haven't felt the squeeze as hard. : Brokers admit many indus- trials were overpriced during the last few years and now are just levelling off. But business is brisk and many of these houses also deal in bond issues which latelv have been taking quite a bit of money away from the market. But in mines and oils there is a dearth of interest and brokers are quick to give a variety of reasons. There is no doubt an active mining market makes for the most colorful kind of market, *4t mining news in Canada lat- ely is almost at a dead stand- still. There has heen no major development of any kind nor have been any discoveries 1 golds off 1.21 at 68.92. Week's volume: Industrials, 341,438 compared to 465,948 last week; mines,. 828,415 compared to 996,607. - Of the 336 issues traded at { Montreal, 65 advanced, 136 de- clined and 135 were unchanged. Representative Mutual Funds | Bid Ask All Canadian 6.40 6.96 | American Growth Fd 7.93 8.64 Commonwealth 782 8.59 Canafund Corporate Investors 8.39 9.17 Group Accumulating 5.04 551 Investor Growth 5.69 6.19 | Investors Mutual 10.74 11.61 Mutual Accum 6.81 7.44 Mutual Income 4.50 4.92 vorth American 8.04 8.74 TV Elect 8.19 8.92 33.43 35.10 | | United Accum 13.62 14.80 Weekly TORONTO WEEKLY STOCK QUOTES Declines outnumbered advances by 393 to 204 en the Toronto Stock Exchange this . Issues un-. changed totalled 194. Volume for the week was 6,222,000, down from the previous week's 7,618,000. Total sales for the year to date are 228,245,559. (Quotations in cents unless marked §.) WEEK'S OST ACTIVE TORONTO By The Cansdian Press This Week-- mmm 1960 Sales High Low Close Change High Low INDUSTRIALS Creativ Tel 44813 $131¢ 12 13% +1% "un 20784 $45 + % 16066 $55% 53 +% 15068 $47% +2 14984 325% 25 + % 0) ILS 43% +1 52 -5 STOCKS Stock Dynamic 117025 64250 Latin Am 745510 in Con Sud C N Inca Sunburst 135228 2754 20 26 29 Industrials Lead to com june3ok-b-f-h e pl TORONTO WEEKLY STOCK QUOTES INDUSTRIALS A ano B 4552 839% 137 1030 $23% 23% 37h "19 Abitibi Abitibi pr as" 822! 1 Gas pr 1913 $1013 Gas w 11305 400 1775 $27% 245 $55 B80 $46% 400 $1434 1210 $205 Argus 250 p Atlan Acc Atlas Steel 4436 $58% Bank NS rt 31762 416 Bath Pow A 125 $44 Bath Pow B '1560 $35% Beatty 210 $5% Bell Phone 20782 $45 Bowater pr Bow 5% pr 9% 45 Bowater TV% Ys 35 6 Brockville BROWN Build Prod Bullochs A Burns 385 Burrard A 1100 Cal Pow 14274 Cal Pow 5 pr 35 Can Cem 906 Can Cem pr 172 > Fairbks A 350 C Fairbks B 310 CF Prod 500 C Hydro Cr 1550 CIL 2663 Cdn Ind Gs 6035 Cdn 0il 3171 CPR 5781 Cdn Pet pf 525 Cdn Salt '25 Cdn Tire C Vickers Cockshutt Col Cell Comb Ent Conduits 38% $103'4 103% $103% 103 3 17% Craig Bit Crain RL 2685 Creativ Tel 44813 Crehtbrk 200 Crestbrk w Crush Int Crush pr Dist Seag D Bridge D Dairies Dom Elec 1100 Dom Elect w 225 D Fndry 2833 D Fndry pr B85 DD agnes 200 Dom Stores 3462 Dom Tar 4412 Dom Text 1135 Goodyear pr G Mackay GL Paper GL Power Great West 545 G Wpg Gas 3724 G Wpg G vt 7100 G Wpg 56 w 740 G Wpg 58 wt 610 Greyhnd 500 Guar Tr 50 $26 Hardee Hardee pr H Dauch Horne Pf H Smith Hur Erie Imp Bank Imp Inv A 251% Imp Oil Imp Tob Imp Tob pr $11% 11 1 $104% 104% 104% 54 54 54 Int Bronze Int Util Int Util pr Jamaica PS Jefferson 1022 300 12930 1304 1937 . 850 700° 680 1185 $28%4 27% Lob Co pr 320 $45) 4 Lob G 1 pr 460 0290 20% WW + % Summ - EREERS i LH F BEFF 8 = g 3 H NE 5 3 p NW Util pr 40 73 Ocean Cem 0 to 100 $10 A 550 87 25 $110 110 110 Pow Corp 1561 844% 43% 44 P Pipe Mig 4580 265 245 24 $155 158 265 235 St Maurice Salada S Salada w Shawin Silverwd A Simpsons SKD Mig Slater Somville pr Steel Can Steinberg A S Propane S Prop wis Suptest ord Switson 2952 $70% 660 $18% 775 $14% 100 245 660 $13% 13 570 280 270 T to 2 100 $8% 8% 8% 1195 $49% 48% 49% -- % - Y% % Taylor PCpr Texaco C Thorneliffe Tor Dom Bk T Gen Tr Tor 'Iron A T Fin A 1510 $37% T Fin B 355 $36% 36 6 --% T Fin 5 135 $37% 36% 37% + % T Fin wis 56 120 125 125 125 T Fin wis 57 300 350 325 Tr Can PL 10091 $16% 16 Trans Mt 4360 $87% Trans PPL Tw C Gas Union Acc 8% 8% + Un Ace A 49% 49% Un Gas 13% 13% Un Gas pr 53 U Corp pr U Fuel B Un Steel Vanadium 100 $6 6 6 1672 $52% 51% 52% 40 + 1425 $13% 12%: 13% + % West C Brew 150 $321¢ 32% 32% 0 275 27 $ West A wis 1355 JA 145 Woodwd A 185 Wdwd A wits 160 Zenith Curb Anglo Nfld C Ingersoll C Paper D 0il Cith Dupont Int Pap Lob Inc MacLaren MO Paper Ogilvie Price Br Acme Gas AP C Bailey 8 A Bail § pr Banff Bata Britalta Calalta Cal Ed Calvan Con Charter Oil 6700 Com Pete 1025 C Dragon 26533 C Mic Mac 5775 C West Pet .2455 Cree 586 wis 350 Dev Pal 10700 me Pete 1400 Duvex 2000 Dynamic 117025 Fargo Fr Pete pr 960 Gr Plains 1585 Home Oil A 1555 Home Oil B 3039 HBO G 2516 4800 1250 Jupiter Kopan LI Pete Long Point Majtrans 29500 8200 5500 Northid Okaita 4860 Provo Gas Ranger Reef Expl Rocky Pete Royalite Sapphire Sapph debh Sarcee Secur Free South U Spooner Stanwell Submarine 35133 900 W Cdn OG w 1900 Wesburne 8700 Westates 1489 W Decalta 16587 3400 Naco Windfall 2000 Yen Can 40000 ary Of St 815 ™ THE OSHAWA TIMES, Saturday, July 2, 1960 : 17 This Week 1960 Sales High Low Close Change High Low B» WU ~1 150 180 150 ~--1 Stock Curb 8225 SW Pete 100 i LL YRS FCT 0g or sheuet ze.pg.vade | . £3 H gee 8onlnard WE a EH ZRzERE 3 Eisen 2 a 88qe Bankeno Bankfield Barnat 15000 Bary Expl 1050 Base Metals 5450 00 Bralorne Broul Reef Brunswick Bunker Hill 4000 Cable 2300 Cadamet 2165 Camp Chib 12000 Camp RL 904 C Tungsten 5580 Cdn Astoria 1500 Nipissing Nihto Noranda Norbeau | Norlartic Normetal Norpax Norsyne N Coldstm Chib Jae N Golderst 7200 Chib-Kay 1 5 N Rank 8400 Chib M Northsp 12273 Chimo Norsp A wits 5800 Chrom North Can Coch Will Norvalie Coin Lake 3 Met 2 Obaska Coniagas " O'B: Con-Key C Belekeno C Callinan Cent Porc 29500 Chehter 14350 n Rare ary 4778 Con Gillies 3840 5 CG Arrow 2000 35 C Haliwel 104550 46 C Marben 51300 48 Con M § 7074 $18% C Mogul 3980 85 C Morrison 13500 E Amphi East Mal East Sull Elder Eldrich El Sol 8170 152 18162 103 3500 13 6000 5 Eureka 8500 22 20 Falcon 5915 $33% 31% Faraday 2100 70 0 Fwest Tung 6650 7 6 Fatima 24850 46% 44 Francour 18500 5 4 Frobisher 29862 184 180 Frob debs 55 $00% 88% 1500 6% 6 8135 $19% 17% 1100 8% 8% Satellite Sheep Cr Sherritt Sigma Sil Miller Sil Stand Siscoe Stanleigh Stanlgh wis Stanrck Starratt Steep R Sturgeon Sullivan Sunburst Sylvanite Taurcanis Taurcan vt Teck-H Temag Territory 7299 Gunnar wts 4240 Gwillim Hallnor Hard Rock H of Lakeh1000 6 Headway 14500 29% 25 Heath 9000 4% 4% Hollinger 1965 $23 22% Howey 400 250 . 245 Hoyle 740 370 365 Hud Bay 2098 $46% 43 Hugh-Pam 3500 8831 1200 1500 1500 4032 Hydra Ex Bt Int Moly 2000 Int Nickel 01 v 6 16066 $55% 53% Irish Cop 8600 96 92 Jaye Expl Jellicoe Joliet Jonsmith Jowsey Kenville Kerr Add Kilembe Kilem C wis 8936 33 29 112 Kirk Min 708 23% 23% 23% + % Kirk Town 3000 7 6 7 2583 12600 8800 750 L to N 100 Labrador 5 $17 17 17% -- % 27% 17 Yukon Con 1495 ock Market Activity = Setl gly L 5 Eu.Eualisdy 2 * ++ De is Fa SresE. 55858 ukesE ys¥on.nl oEZzlluiz.ee LY 1 Squl = § 2 3 1 5 Shel segefatBaaue BE + 111 +110 sip ped +1 ¥ BovrswiBE8a El 5 FFF = eBoBaasreiBRBaERET LLL 1} 9% 23 66 * 85 30 BIEN R ae S8E TTTT I 1 = s Lr 2 LL S¥SeBep © Sst, «282.58 ¥ 28%. 5 ORE 11-1 1-1 & on + - S65 sag-Bpsubaly EE A a 1 F Eagefabus FRE ssdssaly CesBEENE 5S sosssaspdogel pn EBES osesengssizacbur. BsRenaRs2zNy 8a su¥Ban > $s. gosopussustsn-ty "ik Bs 8sn. 5. 25usd = Exd.nuye BE.gs 14 14 26% 26% 26% --5% 7 6 6 3% 3% $23% 23% 23% 24 25 130 615 4 3% 3 3 19% 17% 18 un 13 14 450 435 440 250 250 250 57 56 56 US. Business Badly Jolted NEW YORK (AP) -- United|fusal to process Russian crude States business suffered some jolts this week. Premier Fidel Castro's Cuban government seized two Ameri- oil. The action was considered a |forerunner of more confiscations of foreign-owned businesses. The drop in steel production to can oil refineries and one belong- (54.8 per cent of capacity threw ing to British-Dutch interests. Steel production slumped to |thousands of men out of work. President David J. McDonald of the lowest level for a non-strike|the United Steelworkers est i: period since July, 1958. | mated that of the union's 1,250,- Eastern railways began laying| off workers because of slow busi-| ness. Nevertheless, as the second] half of the year began, many businessmen looked for an im- provement over the first half, which was good by most stand- ards but not booming as had been expected. REFUSE RUSS OIL Cuban confiscation of the multi - million - dollar refineries of Texaco Co., Standard Oil Co. (New Jersey) and British-Dutch Shell Oil Co. followed their re-land 000 members, 130,000 were un- employed and 350,000 were work- ing short weeks. It appeared that of the 48 steel companies with annual ingot capacity of more than 1,000,000 tons each, 18 will have their basic steel production depart- ments closed at least part of next week. The Pennsylvania Rail road said it would lay off 2,200 employees for an indefinite Railroad planned to lay eral hundred men for the same reason. MERGER FEVER The merger fever sweeping the railway industry got hotter when the New York Central launched a fight to gain control of the Baltimore and Ohio. The Central will make an offer for B and O {stock to counter a proposal al- ready made by Chesapeake and Ohio. Stockholders approved pur- chase by the Chicago and North Western Railway of the Min- neapolis and St. Louis. This com- bination would be the third Ingest railway system in the Automobile production skidded to 128,000 cars this week because of early closedowns for the July 4 holiday weekend. This was 13, 000 units below last week but 20,000 above the July "4, 1959, week. : Retail trade, helped: by warm: weather, picked up and regis- tered gains up to five per cent over a year ago. Wholesale food prices declined period because of declining freight volume. Much of the line's busine§s comes from steel allied fields. The New Haven! to their lowest level in three months, arousing hopes that the steady climb in the cost of living would be stopped if not reversed. i