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THE OSHAWA TIMES, Friday, July 15, 1960 37 MARKET PRICES TORONTO (CP) -- Prices im- TORONTO (CP) ~-- Churning/proved across the board amid cream and butter print prices/light, morning trading on -the were reported unchanged today, [Stock market today, - yi. The egg market was On index, industrials were weak with receipts in excess of a BIRTHS , unchanged to % higher, July ASHBY ~ Francis and Sannra ere Hy aol happy to. announce the arrivil of thelr son, Biair Charles, on" Tuesday, July 12% 12, 1960, at the Oshawa General Hospi. tal, Sparial thanks to Dr. King and staff, | Today's Stock Market Listings on Toronto Exchange 4 Net Sales High Lowll a.m.Ch'ge 1000 4000 1000 500 15000 100 Sales. High Low 11 a.m. Oh'ge Stock -1 +2 Stock Ang Rouyn 1000 Area 500 Base Metals 500 Belcher 500 Camp Cnib 350 C Chib rts 500 TORONTO 11 A. STOCKS By The Canadian Press Toronto Stock Exchange--July 15 | Quotations in cents unless marked $. 2-044 lot: xd -- Ex-Dividend; xr--Ex- Rights; xw-Ex-Warrants, ot Net Stock Sales High Low 11 asi. Oh'ge Stock Sales High Low 11 s.m. Ch'ge airies 10 524% 7 i] Fndry $9% Fndry pr Stores ar nn 8B 7 nn n 10% 10% 10% "s « 605 605 30 2% CROWELLS -- Lorne and Jessie (nee Smith) are happy to announce the birth of their daughter, Penny Jane, 6ibs +5 -3 |ahead .75 at 487.13, with golds. ozs., on ursday, July 14, 1960 at the Dshawa General Hospital. Thanks to Dr. King. RRAH Debra, Mark and wish to announce the arrival of their baby brothers Bruce Charles, on July 13, 1960, at the ushawa Gen- eral tal, Thanks to Dr. C. E. Me- Tiveen. proud parents are Mr and Mrs Glenn Sherrah, DEATHS GAY -- Entered into rest in the Cedars Nursing Home, Oshawa, on Thursday, July 14, 1960, Grace Louise Everett, beloved wife of Harry Gay, and mother of Mrs, A. V. Smith (Gladys) and Jack H, E. Gay of Oshawa, in her 83rd year Resting at the Armstrong Funeral Home, Oshawa, with memorial service In the chapel on Monday, July 18. Interment Mount Lawn Cemetery. (Friends are asked not to call at the funeral home before Saturday evening.) HAMBLY -- Entered into rest in the Oshawa General Hospital, on day, July 15, 1960, Albert W. Hambly, be- loved husband of Isabella Younie Tod, and father of David and Donald, in his 63rd year. Resting at the Armstrong Funeral Home, Oshawa, with memorial service in the chapel on Monday, July 18, 2 pm Interment Bowmanville Cemetery Friends' are asked not to call at the funeral home before Satur- day evening.) JAROS -- Entered into rest at the family residence, 163 Olive Avenue, Oshawa, on Thursday, July 14, 1960, John Jaros, beloved husband of Stella Kuzmiesz, and father of Mrs. Edward Kroll (Helen) and grandfather of Vir ginia, in his 69th year. Resting at the Armstrong Funeral Home, Oshawa High requiem mass at Holy Cross Church, Monday, July 18 9 a.m. Inter ment St. Gregory's Cemetery. Friends are asked not to call at the funeral home before Saturday KING -- Entered into rest in the Oshawa General Hospital on Thursday, July 14, 1960, William Harry (Hal) King, beloved husband of Helen MacKenzie. and father of MacKenzie King of Peter. borough. Resting at the Armstrong Funeral Home, Oshawa with memorial service in the chapel on Saturday, July 16, 2 p.m. Interment Union Ceme: tery LORD, Charles -- Suddenly at Pine Point, Scugog Island, on Wednesday, July 13, 1960, Charles Lord (late of Oshawa) in his 70th year. Resting at the chapel of McDermott Panabaker, Port Perry, for service on Saturday at 2 p.m. Interment Pine Grove Cemetery. McMURTER -- At Belleville General Hospital on Wednesday, July 13, 1960, Horace McMurter, beloved husband of Emma Theed, RR 1, Carrying Place, | Erma (Mrs. Harold father of N.Y., brother of Buffalo, Maybee, in his dear Forshee), Mrs, Manley Roy of Belleville, Resting at the Weaver Funeral Home, Trenton, Memorial service in Stockdale United Church on Saturday, July 16, at 1.30 p.m. Interment Stockdale Ceme- tery. 75th year. SINNOTT -- Entered into rest in the Oshawa General Hospital on Wed- nesday, July 13, 1960, William Sinnott beloved husband of Irene Butler in his 66th year. Resting at the Armstrong Funeral Home with high requiem mass in St. Mary's of the People Catholic Church on Saturday July 16; at 9 am. Interment Oshawa Union Cemetery GERROW FUNERAL CHAPEL Kindness beyond price, yet within reach of all. RA 8-6226 390 KING STREET WEST LOCKE'S FLORIST Funeral arrangements ond floral requirements for all occasions OSHAWA SHOPPING : CENTRE 24 HOUR PHONE SERVICE RA 8.6555 OSHAWA MONUMENT COMPANY SPECIALIZING IN Monuments, Markers Memorials, Cornerstones, Statutory of all types. 1435 KING ST. E. .. RA 8-3111 or RA 8-8876 Stockdale and| INDUSTRIALS Abit pr Alta Dist 30% 39% 30% $25 24% U% 240 190 22750 500 $18% 18% 18% $103% 103% 103% 405 405 40. BC Pow Brockville Build Prod Cal Pow Can Cem Can Cem pr Can alt 100 Can Malt pr 2100 C Bank Com 330 c em 300 C Collieries 400 C Colli pr 200 C Hydro Car 290 CPR 25! Cdn Pet pr Conduits xd Con Gas Crain RL Creative Tel Dist Seag 244 100 520 200 445 100 175 12% 40% 18% 11% 2 16% Net Sales High Low 11 a.m.Ch'ge p<] 45% 50% 11% 75 21% 13 Nat Trust NO NGas NW Util pr Page-Hers Pembina pr 140 5 Roe Royal Bank $66 66 StL Corp 816% 16% D Bridge PREMIERS MEET OTTAWA (CP) -- --Provineial premiers Prime Minister Diefenbaker here, on Monday, July 25, to stake their claims to more cash from| the federal treasury. Whether they will succeed -- {and to what extent--remain un- answered questions as the fed- |eral government prepares for the i |first round of talks to hammer {out mew tax sharing arrange- {ments to take effect in 1962. Finance Minister Fleming, who will be a key figure in the crit- jcal conference of heads of gov- |ernments, has left the impres- |sion in his Commons statements that Ottawa will listen first to what the premiers have to say. It wouldn't be in keeping with the purpose of this conference, he| said Monday, for the federal gov- ernment to submit "firm and definite proposals." The three-day conference July |25-27 will be followed by one, and | possibly two. other meetings later this year. Government aim is to have the tax-sharing issue settled in time for legislation next year, well ahead of the ex- pirary of the present tax agree- ments on March 31, 1962. This will be the first such heads - of - government confer- ence since November, 1957 -- a meeting which led to an interim improvement in the existing five- year tax arrangements. This month there will be four new premiers at the conference table in the spaclous commons railway committee room. They are Conservative Pre- |miers Roblin of Manitoba and Shaw of Prince Edward Island-- who defeated Liberal administra- tions in 1958 and 1959--and the two victorious Liberal leaders in last month's provincial elections, Premiers Lesage of Quebec and Robichand of New Brunswick. Quebec's switch from the former Union Nationale govern- ment, with its stiff insistence on provincial autonomy, is expected to have an impact on the federal | treasury. Premier Lesage has in- [dicated his government's willing- IN MEMORIAM Judge Approves our dear father and grandfather, Wil Ju RAYNOR = In 'loving memory of | Fund Sharing y | lam Raynor, who passed away 15, 1858. As we loved him, so we miss him. way missed by Vera Ted and fam- BARBER -- In loving memory of| Ethel Paarl Barber, wife and mother who died July 15, 1958. Our lips cannot tell how we miss her, Our hearts cannot tell what to say, God alone knows iow we miss her In a home that is lonesome todey --Lovingly remembered by husband George and family. | CLEVELAND (AP) -- Recom- mendations by commissioner Jer- ome N. Curtis for sharing of a $1,250,000 settlement fund in the sinking of the freighter Carl D. Bradley were approved Wednes- day by US. district Judge Charles J. McNamee. The freighter, ownéd by the {United States Steel CdPperation, | sank during a storm in northern Please Note Deadlines now in effect this column: Births, Memoriams, Thanks -- 9 A.M. SAME DAY DEATHS -- 11 AM. SAME DAY DIAL RA 3-3492 for Cards of Lake Michigan Nov. 18, 1958. | Thirty-three of the 35 crew mem- | bers went down with the ship. Suits seeking more than $16,000,- | Tax-Sharing Pact Planned |others, has been demanding alThis is some 15 per cent of total inces. These grants raise the per- DeHav Dupont Hayes Lob Inc new Acme Gas C Chieftn C Ex Gas Dynamic H B Oil G LI Pete Midcon Pac Pete 7 7 9% 140 66 + % 16% -- % Abacus Advosate 15-15-50 formula. ' ness to take whatever federal hospital insurance and highways money. This would narrow the federal purse and could, conceivably, in-| fluence the decision on the cen- tral issue of sharing the key tax fields of personal and corporation tax and ion duty. Observers will be watching Premier Lesage to see what line Quebec's new Liberal adminis- tration takes on tax-sharing. Un- der the late premier Duplessis, Quebec was the only province which refused to "rent" to Ot- tawa its rights in the three tax| fields and instead levied its own taxes. Eyes will also be on Premier| Frost of Ontario, who has been insistent on a better tax deal from the Progressive Conserva- tive administration here, | Ontario' "rents" its rights in the personal income tax field to Ottawa, but collects its own cor- poration income tax and succes- sion duty. The other eight provinces don't levy taxes in any of the three fields and collect rental payments from Ottawa, The present tax-rental arrange- ment allows provinces this split of the three fields: 13 per cent of federal personal income tax col- lections, nine per cent of corpor- ation income tax, and 50 per cent of succession duties. Where Quebec and Ontario levy their own taxes in these fields, an abatement of federal tax col- lections is granted to provincial taxpayers in line with the 13-9-50 formula. However, there is a degree of double taxation in Ontario, which collects 11 per cent of corpora- tion profits -- two percentage points more than the companies can deduct from their federal tax payments. Premier Frost, supported by| Manitoba's Premier Roblin and Dairy Output Up January To June OTTAWA (CP) -- Output of dairy products, except for skim milk powder, rose during Janu-| ary-June compared with the first half of 1959. Butter production in the six months rose to 150,545,000 pounds from 145,433,000 a year earlier,| the bureau of statistics reported Thursday. Other gains: Cheddar cheese, to 47,121,000 pounds from 40,692, 000; ice cream, to 19,317,000 gal- lons from 18,500,000; evaporated whole milk, to 168,730,000 pounds from 154,699,000. Output of skim milk powder declined to 80,848,000 pounds from 83,451,000. 000 were filed. | Last December a settlement was made by which U.S. Steel | would pay a total of $1,250,000 to the estates of those who died in the disaster and to the survivors. Allotments recommended by 'STOCK MARKET NET EARNINGS By THE CANADIAN PRESS Consolidated Discovery Yellow- Curtis ranged from nothing for a deckhand who left no survivors Radio, Aviation Pioneer Dies OTTAWA (CP)--C.P. Edwards, 74, pioneer in Canadian radio and civil aviation, died in hospital | Wednesday. His 4l-year career of government service included 10 years as deputy minister for the transport department's air services division ending in 1951. He was a key figure in estab- lishing the Commonwealth Air Training Plan during the Second | World War. f Mr. Edwards, who had been in failing health, retired in 1951 | from a post in which the Welsh- | born official directed the radio, | civil aviation and meteorological services of Canada. | He came to Canada in 1906] when the Canadian Marconi | Company was formed, helped re- allocate North American radio channels and was a prime mover | behind the organization of the| Crown corporation, Cana-| dian Overseas Telecommunica- tions . Corporation, which as. to $73,309.19 for the estate of a | second mate who is survived by knife Mines Ltd., 6 mos. ended June 30: 1960, $435,210; 1959, $433,218. his wife and two small children.' | Houston's Service sumed control of all Canada's ex: ternal communications -- cable, radio and telegraph. | RA 3.7822 | can plainly see madam, you don't have ... RAYBESTOS "BONDED BRAKES" from . . . BONDED BRAK: SERVICE 67 KING ST. W. OSHAWA At two conferences with provin- Unconditional and conditional federal payments to the prov- inces total an estimated $923,300, 2500 23 100 350 C N Inca Heath Hollinger Hud Bay Hydra Ex Inspiration Int Nickel Iso Jacobus Jellicoe Langis 21 ac 350 Lorado 20000 3000 Latin Am 138 LL L 300 13300 1500 533 z105 7000 17 --2 3000 1000 100 290 500 a gz88: 2 £3 light demand. the federal department of agri- culture on Canada grade eggs, de- livered Toronto, in fibre cases: A large 36; A medium 35; A small 25; B 24; C 20. grade: non tenderable 61%-62, in light trading: western 62% fruit and vegetable prices were Reported unchanged from Tues- y. were reported unchanged from Wednesday. prices mixed at the opening today. lower to % higher, July $1.82%- 5; corn % higher to % lower, July $1.17%-%; oats % lower to|close of moderate trading Thurs- % higher, July 68%-69; soybeans day. 01 at 77.39, base metals up at 154.34 and western oils up<17 at 80.54. 2 The 11 a.m. volume was 720, 000 compared to the 624,000 shares traded at the same tin Thursday. - Toronto-Dominion Bank set 'a strong pace for industrials, up % On the losing side, Canadian Hydrocarbon was off % at 10. B.C. Power lost at 31%. International Nickel was up % at 55% to influence mines. Latin American, whose rec share dealings are being investi- {gated by the stock exchange, ledged forward four cents at 40 CHICAGO (AP)--Grain futures cents on sales of 172,000 shares. were mostly narrowly! Western oils were moving ahe |fractionally, biggest change cent a bushel | Central Del Rio with a 10-cef gain at $4.40. The market was mixed at the Country dealers are quoted by Butter prices: Canada, first Ontario tenderable 63; (nominal). TORONTO (CP) -- Wholesale| TORONTO (CP)--Potato prices Wheat was % aN 500 100 s¥asobsfunif.o BFBalles 2000 Sales to 11 a.m.: 720,000, ee a---------- federal spending. Unconditional 35,800,000. One big question hahging over|in tax-rental payments. Together, the senference involves equaliza- equalization and tion payments which Ottawa will sit down with grants are available, including|000 for the current fiscal year.'makes to the less-wealthy prov- payments, taxes in those provinces to the pe ed down. . cial treasurers last year, Finance maizly in tax-sharing, total $534,- average of the return in Ontario Je batch Sow, The federal cab Minister Fleming said the fed-|300,000. Conditional payments for|and British Columbia, the two auvance, has given no indication | Stal Rovere ase a 390), Shared susi programs such as|wealthiest provinces. { p | eficit in 1959-60--couldn't| hospital insurance, welfare and The less - wealthy provinces provide them a hetter deal. For|highways, are another $389,000,-|place high importance on these special Atlantic provinces "ad- he 16001 jiseal yom Mr. cp] 3% Shatements in 1J0iako payments and on the stabilization ng has budgeted for a slender|an uebec run to an additional $13,000,000 federal surplus. feature of the present arrange-| | Opposition questioners in the {Commons have expressed con- capita yield of the three shared| 0 "4 0 (1oca payments might (of its plans on this score. Another question is whether |justment grants" will be contin-| ued after March 31, 1962. Begun ment designed to prevent a slump in 1958, they provided | annually for four years, stabilization| $7,500,000 each to Nova Scotia, payments will be an estimated| New Brunswick and Newfound: | $181,500,000 this year. land $2,500,000 to P.E.L CANADA'S ORIGINAL MUTUAL FUND HAS DECLARED ITS 110™ CONSECUTIVE QUARTERLY DIVIDEND J_---- TEN CENTS PER SHARE PAYABLE AUG, 1, 1960 TO SHAREHOLDERS OF RECORD JULY 15 ~All CASH DIVIDENDS EXCEED $39,000,000 SINCE ORGANIZATION Canadian Investment Fund, Ltd. split \ Envoy Custom SEDAN Whitewall tires optional at extra cost) ... at a family-budget-sized price! Everybody m the family gets a treat when you buy a new Envoy! Grown-ups, kids, pets . . . there's room for them all --and lots to spare! 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