The Oshawa Times, 29 Aug 1961, p. 15

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i BARRI Barricading the hall of local #8 of the Mine, Mill and Smelter Workers in Sudbury, trustees from the national of- fice who took over the hall CADE UNION pile chairs to repulse any at- tempt by followers of local BUSINESS SPOTLIGHT MONTREAL (CP)--An instal-- ment plan for buying stock shares is meeting wiht a mixed reception in Montreal. Organized five months ago by the Montreal Stock Exchange, the monthly payment plan gives the average wage - earner the opportunity to invest in blue chip stocks. The investor makes a 20-per-cent down payment on his chosen stock with any mem- ber firm of the exchange and pays the remainder in equal consecutive monthly pay- ments minus the dividends his stock accrues. An account can- not exceed $1,000 and is valid only for stocks listed on the Montreal exchange. A spot check of brokers dis- closed that while there have have been many enquiries about the plan few people have taken advantage of it The brokers say the plan needs more publicity and the Montreal exchange says it will organize a publicity cam- paign in the fall. The brokers are in agree- ment, however, about the worth- iness of the plan. One broker declared that "it is an excellent means for the average person to get into the know of invest ment, to save part of his earn- president Don Gillis to oust them. End Met For New WASHINGTON (AP) -- The Dispute Season whatever Goldberg decides is fair. --(CP Wirephoto) | lings and to use his judgment." Cool Response To Stock Plan lations director of the exchange says that when the plan is pub-|§ licized it will be met by a good # demand from Canadians. He also cited the educational value|? of average Canadians investing in such a practical and eco- nomical scheme. CONSIDERS U.S. PLAN says it has no plans for instal ment buying at present but is considering the introduction of a scheme similar to one now ope Stock Exchange. permitted to buy fractions of shares and $40 every Torontp plan, if it comes into buy a small number of shares, The Toronto Stock Exchange rating on the New York At New York investors are y at the rate of ee months. The VICTIM Wilfrid John Miners, 21, of Norwich, Ont., was found dead in a ditch Saturday near Wood- stock, Ont, Police have recov- ered a rifle and car but had turned up no more clues. --(CP Wirephoto) Think Hiroshima Fallout In North over the two Japanese cities near the World War. OTTAWA (CP)--A record of fallout from the 1945 atomic raids on Hiroshima and Nagasaki is believed to have been found imbedded in an icecap in northern Ellesmere Island, Canada's most northerly territory. Glaciologist Dr. Geoffrey Hat- te mith of the Defence Re- sea Board said Monday he took ice samples from a 50-foot hole he dug in the icecap, melted them down and sent them to the atomic plant at Chalk River, Ont,, for analysis. He said in an interview he be- lieves the sample of the 1944-45 snowfall will show the density of fallout from the atomic blasts by end of the Second Dr. Hattersley - Smith led an eight - man expedition which spent 3% months in the area. He returned to Ottawa last week. The found fossilized hundred million years old and three wood judged tens of mil- lions of years old. The wood was found on a rock outcrop at the 4,000-foot level of a glacier. The finds reconfirmed the the- ory that arctic Canada eons ago was as warm or warmer than southern Canada is now. The plant fossils are believed the oldest ever found in the Cana- dian Arctic. DEATHS effect, will permit investors to or fractions of shares, for cash on a monthly basis. It would be confined to shares of com- panies on the approved list of shares which may be bought by| life insurance companies. The Toronto exchange has de- clared that it considers the Montreal plan contrar™io its margin buying regulations and feels that it would run into diffi- culty in the event of a market The broker pays up to $1,000 [for each account to the ex- drop. DIVIDENDS | change as soon as an investor {signs up for the monthly plan. Investors then pay the brokers in equal monthly instalments. To date the brokers have found the clients sincere in meeting their payments. George Cruickshank, execu- tive vice-president of the ex-| | change, said when the plan was| | first a ed: "The exch By THE CANADIAN PRESS Bright, T. G. Company Ltd., common 25 cents, pfd. 28% cents, Sept. 20, record Sept. 15. Calgary Power Ltd., common 10 cents, Oct. 24, record Sept. Industrial Index Had Bad Day TORONTO (CP)--The indus- trial index had its worst day since July 17 in light trading Monday, with refining oils and foods leading the way down. All groups had at least frac- tional falls and some individual issues dropped more than a point. Goodyear Tire, for in- stance, slipped $2 to 163 in light turnover, while Ventures fell 1% and International Nickel 1%. Trading in refining oils were highlighted by Pembina's new 15; 5 per cent pfd. $1.25, Oct. 2, record Sept. 5 Canadian Collieries Resources | | low of 7%, down %, on a volume of 900 shares. In foods, Oshawa Wholesale generally lethargic group A vainly sparked a by By THE CANADIAN PRESS Brandfort, South Africa--Wil- lem Johannes Verwoerd, 86, father of Prime Minister Hend- rik Verwoerd. Waterdown, Ont. -- Kenneth George Benson Ketchum, 58, former headmaster of St. And rew's College at Aurora, Ont. and director of studies at the Royal Canadian Naval College during the Second World War. Cincinnati Mrs. Eleanor Chase Taft, 67, long active in national and interna tional church affairs and wife of for- mer Cincinnati Mayor Charles Taft. New York -- Very Michelina, 77, singing and acting star of motion pictures, musical com- and vaudeville in the 1920s. 'oronto--Rev. E. Blake Coll, 54, former teacher and recently With a diesel engine, the camp on the ice cap had electric lights and an electric kettle. Jt the base camp at Lake Ha- zen, the scientists caught fish gd found edible mushrooms ga- ore: Big Storm Damage Across S. Ontario TORONTO (CP) -- A brief thunderstorm Monday night caused minor damage in Lon- don and other southern Ontario centres. Lightning set fire to hydro poles, caused brief power dis- ruptions and set off several bur- glar alarms in London. Two areas of Woodstock were without power for about 45 min- utes after lightning struck trans formers. A tree was toppled across expedition plants believed to be several|P To Recommend TV Stock Sale Below Border OTTAWA (CP) -- The Board of Broadcast Governors said Manday 2 is prepared to recom- mend the sale of stock in CFTO- roadcasting Company matching Canadian offer is made by Sept. 25. A board statement said ap- proval of We Soak Saal details of which were n has been deferred until that date to allow time for "experienced Ca- nadian broadcasting interests" to make offers for the block of CFTO-TV stock involved. It is believed that ABC, third- ranking U.S. radio and TV net- work, is seeking approval to purchase a 25-per-cent interest in Toronto's only privately- owned TV station. The block would include the 17-per-cent in- terest held by Joel Aldred, pres- ident and one of the stations founders. ABC would become the first U.S. network to hold stock in a Canadian TV station. The BBG said it will be ad vised by noon Sept. 25 of all Canadian offers made: If in the board's opinion none of the of- fers are as suitable to CFTO-TV. as the one from the ABC, the sale to the network will be rec- ommended. The statement praised CFTO- TV, which began programming at the start of the year, for its was dumped in two hours, flooding basements and inter- rupting electric power. Toronto had brief periods of torrential elected to the general council of the Basilian Fathers. telephone wires in Stratford. At Barrie two inches of rain THE OSHAWA TIMES, Teesdey, August 39, 1961 5 a Klochko's TV Toronto to the American|ywith him if nojfrom Current exchange rate is about $1.10 per ruble. " But, a foreign currency eapln camo legally be excnanged for dollars, pounds, drachmas even pesos. Since the 1918 n Russia the import or export rubles has been sternly ited. Russians who travel from the US.S.R- are given the cur- rency of the country they intend to visit, or at least a currency which can be exchanged in that country. Travellers entering Russia ex- change their currency for ru bles in Russia--not before enter- ing it. . "commendable audience accept- ance" and its observance of pol- icies laid down for Canadia TV broadcasting. It said CFTO-TVs advertising revenues have filled the owners' expectations but noted that ad- ditional capital is needed by the station so that "required adjust. ments" may be carried ov* Controlling interest in CFTO- TV is held by the Toronto Tele- rain. gram, Ltd., pfd., 2% cents, Sept. 30,| record Sept. 1 | Metropolitan O pera Company and its orchestra got in tune gaining % at one point to a new | has received enquiries from Ca | {high of 263%. The stock later HAILED BY PRESIDENT | nadian and foreign investors re-| Monday in time to save the Met's 1961-62 season. The two parties agreed to binding arbitration of their la- bor dispute. Met General Manager Rudolf Bing immediately began firing wires and cables from the of fice of Labor Secretary Arthur J. Goldberg to singers all over the world to line up the stars for the revived season. Goldberg personally will arbi- trate the contract terms. Both the Met management and Local 802 of the American Federation of Musicians agreed in a mem- orandum signed they will accept President Kennedy, who had| assigned his chief labor trouble- shooter to the dispute - some weeks ago, hailed the agree- ment, He said in a letter: "The Metropolitan Opera is impor- tant to the nation. I am glad we have all found a way for it to continue." Kennedy called the Met "a great cultural resource of the United States since 1892" and said that through its perform ances throughout the United States and Canada, along with its recordings and broadcasts, it has become "a truly interna- tional institution." Bing said he ought to know in Vacant Ridings Irk CCF Leader TORONTO (CP) -- Donald MacDonald, Ontario CCF Leader, Monday attacked Pre- mier Frost's decision not to hold immediate byelections in the Toronto ridings of Beaches and Eglinton. He charged in a statement that the legislature "is being aeld in contempt by the gov- ernment in power." Both ridings have been va. cant more than three months. Mr. MacDonald said the Leg- islative Assembly Act requires a writ to be issued to returning officers in those ridings allow- ing for » byelection, He said the chief returning of- ficer claims he cannot issue a writ because no returning offic: ers have been appointed in the ridings. "All of which emphasizes an- other manner in which the ful- fillment of the democratic pro- cess has been frustrated by the refusal of the government to in- stitute a system of permanent returning officers instead of pa- a day or two whether the opera stars still are available. The |season opens Oct. 23 with Puc-|.: i cini's Girl of the Golden West. With wiles light for a light Bring cancelled the forthcom- : ing season when the dispute dragged on without sign of a settlement. The orchestra members now get approximately $170 a week: Their union originally sought a raise to $268 weekly, later scal- ing down its demand to $248 and then to $220. The opera management had offered a three - year contract with raises of $3 each in the second and third years, plus other benefits--an offer that op- era officials said would mean about 14-per-cent increase over the three-year contract terms. 11 People Die In Paddy Field AOMORI, Japan (AP) -- A truck carrying a load of gravel and 18 persons, including 15 children on their way home from school, plunged 11 feet into a paddy field Monday. Police said 11 persons died including tronage appointments." 10 children. ..at KARN"S 3 SUPPLY WITH PURCHASE of 100 TABLETS AYERST. McKENNA & HARRISON LIMITED 7 ' 'DRUGS 28 KING ST. E. OPEN EVENINGS UNTIL 9 P.M, garding the possibility of pur-| | chasing equities of Canadian corporations on a periodical ba- sis. The monthly payment plan recognizes this interest and I ex- pect that many Canadians will find the provisions of this plan highly beneficial. The plan pro- vides a growing number of Ca- nadians interested in share own- ership with a convenient instru- ment for investing their savings on a regular basis." Paul R. La Fleche, public re- MARKET PRICES | TORONTO (CP) -- Churning |cream and butter print prices were unchanged today. The egg market was steady Country dealers are quoted by the federal department of agri- culture on Canada grade eggs delivered Toronto, in fibre cases: A large 53-55; A medium 45; a small 26; B and C grades no market. Butter prices: Canada, first grade: Ontario tenderable 63; non-tenderable 613,-62, in Nght Crown Zellerbach Corpora- tion, 45 cents, Oct. 2, Sept. 11. Dominion Foundries and Steel| Ltd., common 35 cents, Oct. 2,| record Sept. 8; pfd. $1.121%, Oct. | 16, record Sept. 22, | Fanny Farmer Candy Shops Incorporated, 25 cents, Sept. 30,| record Sept. 16 Labatt, John Ltd., 344 cents, Oct. 1, record Sept. 8. Lowney, Walter M. Ltd, cents, Oct. 16, record Sept. 15. MacLaren Power and Paper Company, Class A 19 cents plus 6 cents extra, Class B 19 cents plus 6 cents extra, Sept. 29, record Aug. 31 Ogilvie Flour Mills Company, common 50 cents plus 25 cents extra, Oct. 2, record Sept. 4. Power Corporation of Canada, Ltd., common 50 cents, Sept. 29, record Sept. 8; 4% per cent re- deemable 1st, pfd. 57 cents, Oct. 16, record Sept. 20; 6 per cent non - cumulative participating fd. 75 cents, Oct. 16, record ept. 20. bi Little and C Ltd., common 20 cents, Sept. 30, record Sept. 15. Royalite Oil Company, Ltd. $4 per cent pfd. 32.8125 cents, record trading; western 623 (nominal). Oct. 1, record Sept. 7. | backed down to rest at 26, up 4 Steels were stronger and Page-Hersey equalled its high of 27 with a rise of %. On index, industrials fell 2.75 to 595.69, golds .24 to 88.50, base metals 1.02 to 203.83 and west- 25| ern oils .46 *o 93.37. Volume was 11,798,000 shares compared with 1,367,000 Friday. The base metals market de- | clined in slightly heavier trad- |ing than has been seen in recent | sessions. Gold trading was light with few changes in the senior list. McIntyre Porcupine, con- troller of the Ventures group, dropped %. Western oil trading was weak. NET EARNINGS By THE CANADIAN PRESS Home Oil Co. Ltd., 6 mos. ended June 30: 1061, $437,235; | 1960, net loss $514,355. SEA GOD Nersus, god of the sea in Greek mythology, was said to be the father of 50 sea nymphs, the nereids. 1 SH ~ -~ - A SHEAFFERS "Cartridge Pen. Loads like a rifle with cartridges of "Skrip" writing fluid. 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