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io, A EL re Te Al Es ih 6 THE OSHAWA TIMES, rdoy, September 2, 1961 BUSINESS SPOTLIGHT Listless Trade On Little News By JOH BELANGER trading were ident Ju Now The stock market ran list-lem Ontario Na as, lessly through its last week be-|Greater Winnipeg Gas and Con- fore the traditional turning{sumers Gas along with small point in the summer lull -- La-|gains. Bell Telephone, CPR = How tsl on Friday, September 1. 1061,(bor Day. Market observers,|Calgary Power had bigger ad- Mary Noreen Callaghan, widow of John ( 1343 Weekly Summary Of Stock Market Activity SL LL EN i ha H By The Cenadisn Press by 393 fo 297 In the Toronto Stock Exchange this week. Issues un- changed totalled 202. Volume for the week was 7.541.854 up from the week's 6,821,637. Total sales for the year to date are 381,054,746. less marked §$.) BR a I Sales High Low Close Ch'ge High Low 00 255 235 6 7 Fs 00 Cand 2510 i § y i Fy +g x g 2 2. = ++ LF] NE HY ga¥sn ! fits E sos ss Fagggafvuyecyd ¢ TTT EL HH PEE TE g¥aB gently sian gonuysonies : puBge sunnsto. nan pagguyuenion 1) i =EEpuiiEal.. SE5y 2 Fl Esusedsnsdzn selanlgulion, Exly=30 pgoilecilauittal. Slay Epdsiiing be ssglulingusal. Sug i (Quotations in cents Be NH gE 3sgaguiis¥y Bian usbrunse v i i i WEEK'S MOST ACTIVE TORONTO STOCKS g B LL) Sasfeyeise i RA 2s °g8 if ishiss A 8 g598 E.yelieuEUEa REE nuily: EF] sEsnite.. EErEE TE] EE a of L a § g |] Rd gs 2. 288 BBeu3sEE LE ] 2 ie NORMOYLE, Mary Entered into rest in Oshawa General EF +11 1+++ FEEEF gr I: Seow gat a 3% 1 = Hl g po # however, could foresee no mo-|vances in heavier trading. Jostsn oer Of Ms oe ticable in this summer's| The week's largest gain went (Elizabeth), Mrs. C. Stovell (Alice)siow pace and looked to a poor|to Ford of Canada, up $5 while Mrs. R. Greene (Ruth), Robert, Daniel autumn. This week produced other motor stocks such as Gregory. Resting at 3 produced no d G 1 Funeral Home, Oshawa, with high re- marked changes of any sort,|Chrysler, US Ford and Genera em mass in St. Mary's Church, (ond soneral t a|Motors all advanced at least $2. esday, Sept. 5, 10 a.m. Interment general news was at a 1 light St. Gregory's Cemetery. minimum. Trading ,as usual, was light. Foods were weak with Salada Shirriff, Dominion Stores and Canada Packers B all down to a point. Standouts were Lob- law A and B, both of which had gains of $2 or more in late-day trading on Friday. Most issues on the senior base metals list were down, Ventures, Falconbridge and Hudson Bay Mining and Smelt- ing were all off a point or more, while small losses went to Labrador, Noranda and Steep Rock. Golds were generally ahead with senior issues such as Giant Yellowknife, Dome and Camp- hell Red Lake all taking small advances. The Western Oil market was singularly uninspiring. In the senior list, Home B, Hudson's Bay Oil and Bailey Selburn A all advanced a few cents, while in the speculative list, Canadian Oil, Canadian Export Gas and Okalta had small gains. Index changes at Toronto: Industrials up .27 to 598.71; golds up 2.27 to 91.01; base me- E E = F H i : Hid Li ¥ Bzoufuggusinng I LTR 2" 25S it £8 E & PH he 5 £ L Labghe ™ ie RR sis Bedulibiolinniin £8 53235 RetgonansE Lalatsesll + aug 11+ if Gel sg § oo i geraigovnnlyliing 5. by h : i i The 's industrial in- dex gained about a point and prices in general simply didn't move. A mild flurry of excitement occurred on Wednesday when TSE president Howard D. Gra- ham announced a new commit- tee to study listing procedures for what he called "junior in- dustrials."" One more step in the general broadening of the exchange's functions, the four- man committee is to '"'consider whether there should be a third classification of stocks on the TSE, reserved for those that do CENTRE not have a proven record of 24 HOUR PHONE SERVICE learnings, and to consider 728-6555 means of promoting or demot- ing a stock from one division to another." Refining oils, steels and utili- ties were all ahead on the week, with widespread fractional gains accounting for much of the rise. In oils, rises ranging to- 3 went to Alberta Gas Truck A, Imperial, Inte rprovincial, Canadian Oil and Trans - Can- Se # 3 uy 7 R - = « goose ] 3 28x GERROW FUNERAL CHAPEL Kindness beyond price yet within reach of all 728-6226 390 KING STREET WEST LOCKE'S FLORIST Funeral orrangements and floral requirements for all occasions, OSHAWA SHOPPING Ala JH 3% H i ui #5e8a lads 5 FLL i =" i : 2328 Bgfss § ® Egrses Eyry 8s FATA TULLE PU ETL 1 1°] : sesbianls avecady Eaglenagll : Bou. SEBEREE ovalonlyulEan, EREFEEC 28 * by 1 ++ [+4 +4+++ BEEF = F 1 = 3 33 agen §s ex Hy ¢ gaslz tates a LL LR joss is LE 3.8 1 L Bragspprnonsitlye LIL it le ! slzg gif of HL i i ~§ Lis oi 1] ol Ba ~ s JSeegzlazsegiesseuiziy ld | E i Ld 3 L443 o s i { Eg ++ Sg Ssudexli.cg LH] +> + hr HH mad walaslzylies, Ee) SEgsEags Bgu=gzg¥8Eag weysygasgegyernye Sl > 1 = Sssssxs - 3 ++++ Flee] +] suuils sul. - EER FF FR GIDEON Bibles are a continuing me- morial. For placement contact funeral director or phone 725-2327. IN MEMORIAM BADGLEY -- In loving memory of our only son, Trp. Verdon Badgley, who was killed in action in Italy, Sept. 4, 1944. 3 $Seussksns spergegs "| 3g BBuue nti, Eel si8asealaesiyn gE +44 + ++ #3 + 23 ye 2 2? 317 $41% 40% 40% --1 180 $25 24% 25 +1 5315 $9% 9 9% -- % 575 S22% 22% 22% -- 508100 100 100 + % 305 $22% 22% 22% 12850 240 215 240 +15 3600 180 165 175 8 8425 125 115 138 11629 $32% 31 32% +1% 80 $109 109 109 17290 $13% 12% 13% + % 1950 $17% 17% 17% Alg Cen 1526 $20 19% 19% Alg Cen p 350 $60 59% 60 +1 Alta Gas B p 2068108 107% 108 Alg Cen w 172 700 700 700 25 Alg 15610 $4434 42% 44% +1% 200 $11% 11% 11% + % 8679 $32% 31% 2 -- % 1710 $47% 46% 47% + % 0 275 250 +25 90 9 9% ~10 $52 51% 52 -- MW $38 38 +1% +2 +3 pr Anthes Imp A 310 Anth B pr 25 Argus Argus 250 pr Ashdown B wBarg. th 405 1010 : Sunshine passes, shadows fall, Love's remembrance outlasts all; And though the years be many or few All are filled with remembrance of you. --Lovingly remembered by Mom and Dad. CRAGGS -- In loving memory of Reg Craggs, who was killed four years ago September 8, 1957. --Lovingly remembered by Marion, Warren and family. CRAGGS -- In loving memory of Reg Craggs, who was killed four years ago September 8, 1957. As we loved you, so we miss you, In our memory you are nea Loved, remembered, longed ways, Treasured and ever dear. --Lovingly remembered by Aunt Jes. sie, Uncle Ted and family. r, for al- GRIFFITHS -- In loving memory of | Threat Of Auto a dear mother and grandmother, Annie Griffiths, who passed away September 2, 1956, We miss your smile and cheery ways, Please God just let her know, That we down here do hot forget, We love and miss her so. --Lovingly remembered by Margaret, Cyril and grandchildren. HAYES -- In loving memory of dear father, Albert Hayes, who passed away two years ago today, September The rolling stream of life rolls on, But still the vacant chair Recalls the love, the voice, the smilie Of the one who once sat there. --Sadly missed by son Bill, daughter. in-law Carolyn. HAYES -- In loving memory of a husband and father, Albert William (Joe) who passed away September 2, 1958. Calm and peaceful he is sleeping, Sweetest rest that follows pain, We who loved him sadly miss him, But trust in God to meet again. ~--Sadly missed wif daughter Pat, year. Sometimes it's hard to understand Why some things have to be: But in His wisdom God has planned Beyond our powers to see. ada Pipe Line, with consider- sues. |STEELS ARE UP Steels were better on the ba- |sis of gains going to major is- |sues such as Algoma, which {touched a new high of 443 on |Friday, and Canadian Vickers, {National Steel, Steel Company of Canada, Canada Iron and Montreal Locomotive. Trading was light to moderate in all but Algoma, which turned over close to 16,000 shares on the week. | Among . utilities, flurries of able volume in almost all is- tals up .68 to 205.53 and west- ern oils up 2.34 at 96.17. Week's volume at Toronto was 7,563,000 shares compared with 6,821,000 last week, and the total dollar value was $35,714, 507 compared with $34,940,198. Index changes at Montreal: Banks off 0.11 at 67.92; utili- ties off 0.2 at 141.6; industrials up 0.2 at 325.8; combined up .01 at 264.4; papers up 2.0 at 508.6 and golds up 0.11 at 86.30. Industrials showed a volume of 611,565 shares compared with 553,588 last week and 1,283,216 mining shares compared with 1,203,586. Strike Is NEW YORK (AP) -- The threat of an automobile strike hangs darkly over the U.S. economy, A strike's effects would spread far beyond the auto in- dustry. In addition to creating a shortage of new cars, it would cut sharply into orders for steel, rubber, glass and many and other items which go into cars. A ray of hope appeared when negotiations were extended six days to Sept. 6. However, Workers union appeared deter- mined to strike against its first target, General Motors, if A day of sadly Without farewell he left us all. To be with us in the same old way Would be our dearest wish today. Pep in our hearts your memory is ept, We loved you too dearly to ever forget. --Sadly missed and lovingly remember- ed by Mother, Dad, sisters and brothers. JOHNSTON -- In loving memory of a dear father, Clifford Johnston, who passed away September 3 ,1958. We do not need a special day To call you to our minds, For the days we do not think of you Are very hard to find. --Ever remembered by son Robert, daughter-in-law Alberta, grandchildren Patty and Ricky. WALMSLEY -- In loving memory of a dear father, Willlam F. Walmsley, Whe Passed away suddenly September The blow was great, the shock severe, We little thought the end was near, And only those who have Jost can tell The pain of parting without farewell. More each day we miss you, father, Friends may think wound healed, But they little know the sorrow That lies within our hearts concealed. --Lovingly remembered by daughter Vida, son-in-law, Bud. CARD OF THANKS DUNK In the midst of my sad bereavement I would like to express my sincere appreciation to all my kind friends and neighbors who sent so many beautiful flowers and cards and gave so much of their time. My sincere thanks, Charles Dunk and family, Monarch Series Dropped By Ford OAKVILLE (CP)~Ford Mo- tor Company of Canada Ltd., announced Friday that it is dropping the name Monarch from its line of 1962 passenger cars. The company said it will in- troduce a new series of the Ford Galaxy this fall. Parts and service will conti- Lower Butter Price Should Rid Consumer OTTAWA (CP) -- A spokes- man for the National Dairy Council of Canada said Friday price reductions involved in government proposals to reduce the mounting butter surplus should be directed at lowering the cost to the consumer. W. K. S. John, the council's Ottawa representative, said such action was urged by the body's executive committee in a sub- !* mission to Prime Minister Die- fenbaker June 19. A government source said Tuesday night the administra tion is exploring the possibility of selling surplus butter oil -- converted from butter--to Cana- dian bakers. Pierre Cote of Quebec City, the councii's national president, sent a telegram to Agriculture Minister Alvin Hamilton pro- testing this "reported commer- cial sale" at what he termed "fire-sale prices." Mr. Cote said Canadian con- sumers would not benefit from it, the volume of such a sale would have little effect in re- lieving the butter surplus, and limiting it to the baking indus- ry is discriminatory and would interfere with normal commer- cial sales. The Canadian Press errone- ously reported Wednesday that the dairy council had protested any plan by the government to reduce the continuing butter, surplus by means of big price reductions. nue to be available to Monarch owners. NET EARNINGS By THE CANADIAN PRESS Laurentide Financial Corpor- ation Ltd. (formerly Imperial Investmnet Corporation Ltd.), year ended June 30:1961, $1,751, 913, $1.20 a share; 1960, $1,324 - 583, $1.10. GRATEFUL YOUNGSTER MONTREAL (CP) -- David Page, 9, has been selling lemon- ade and second - hand comci books for a good cause. A hemophelia sufferer who has received some 700 pints of blood plasma, the boy has already turned $14.91 over to the Red Cross Society. CANADIAN ENTERS RACE LONDON, Ont. (CP) -- Miss Supertest II will race in the Sil- ver Cup Regatta on the Detroit River next month, powered by the same engine that drove Miss Supertest III to her recent Harmsworth Trophy victory- The Silver Cup entry, driven by Harms worth winner Bob Hayward, will undergo trials in the St. Clair River at Sarnia to- ay. J. Gordon Thompson, father of owner Jim Thompson, said Wednesday night the Rolls Royce engine came through the Harmsworth Trophy race so well that no overhaul was nec- essary. The engine, secret of the success of the Supertest boats, will be in top shape for the Sept. 10 race, Col. Thomp- son said. x { the United Auto ng |adelphia issued an injunction Felt agreement isn't reach>d before the deadline. The UAW's precedent-shatter- ing profit - sharing agreement with American Motors compli- cated negotiations with the in- dustry's big three -- General Motors, Ford and Chrysler. The big three said they had no intention of following along with profit-sharing. The UAW said it wasn't insis- tent on a profit - sharing pro- vision in other contracts as long as equal gains were forth com- An unsettled labor situation developed in the railroad indus- try this week. A U.S. district court in Phil preventing the Transport Work- ers Union from striking against the Pennsylvania Railroad. In another development, un- ions representing 600,000 work- ers freight handlers and maintenance and service crafts --demanded a 25 - cent - an- hour wage increase and at least six months advance no- tice of job layoffs. President Kennedy, at his press ionference, urged the steel industry to abstain from a price increase when wage boosts of seven to 10 cents an hour go into effect Oct. 1. Steel executives had nothing 0 say. Steel production last week exceeded 2,000,000 tons for the first time since early June. The industry, however, still was op- erating below 70 per cent of capacity. The auto industry stepped up its production of 1962 models to an estimated 89.000 est cars, compared with 60,000 last week and 51,711 a year ago. Employment attained a rec- ord for August but the unem- ployment rate remained un- changed at 6.9 per cent of the labor force. The commerce department reported new orders received by manufacturers in July rose 0.2 per cent from June to an annual rate of $31,200,000,000. Defence orders were partly re- sponsible. . Hard - pressed railroads with heavy commuter loads were en- couraged by an Interstate Com- merce Commission recommen- dation of subsidies costing an estimated $52,000,000 a year to preserve essential passenger services. DIVIDENDS British .Columbia .Telephone Company, 55 cents, Oct. 1, re- cord Sept. 15. Canadian Hydrocarbons Ltd., 1 cents, Sept. 20, record Sept. Canadian IMPERIAL Bank of Commerce,45 cents, Nov. 1 re- cord Sept. 30. Consolidated Paper Corpora- tion, Ltd., 40 cents, Oct. 13, re- cord Sept. 5. Eddy Match Company, Lid., 37% cents, Sept. 30, record Sept. 16. Hardee Farms International Ltd.pfd. $1.52, Oct. 1, record Sept. 15. tandard Paving and Mater- fals Ltd. 20 cents, Oct. 1, record Sept. 14. 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RE a et lie gdguneyon do Biol en aEk., HEE 2s aE esu.sg dur k Fotos 2anta¥ diostecnuguliz gaa, Runge + ++ hl ope "3 agian, Sagaagbite Ruutifegaggt2Sagele gileutiyyaga¥sag ty i+ Loss Sout igeteuttygaesys colegio yy wR § wall ou Eg sErguedniv.nncisfa. us os einsyytadugus boll Loslplllzsiilallisl couusulbuglunilon., wubeeraindy gel ob OF TRI a. s=¥seunnin. rapist M + § § ye®ad 833 [} ( ] "3 dr 3 * [BRE jylueyragestouz ile FP PTI IY Ti a gislgapelza FLIE a te™ F332 %5t0 oa ++ + + pA NU A EASA NN Lisle + J ge ai it LLLP LO EM 14 - = =Bsu Rettlse: du 3 il + (J iG dad - Fd = > I TT Pe LL L 1+1 3 & Yugi B any ny Bagi Bolin. anus aniie, sci ol BEBE Hu ee Suggs ssebnonualy ++ | ++ | pr: - = @ 5; 25 syd rg sfosio Susu biases, Iughuanagnraiciis sx¥grl BRuBEs Hganres sil Ligtsy-r-Eny uals siy ++ Bond Market # Trading Light ss" By THE CANADIAN PRESS Canadian bond markets were » 5 45 +5 2 15 -1% 14% be firm during the week in light 20% trading. Tw Most active trading during % the week was in the short term Canada issues following finance minister's announcement that he will announce details of the new Canada short-term finan- cing Sept. 5 Gains of from 10 to 60 cents were registered in this market. In the mid and long-term Can- ada market the Canada 3%- per-cent closed unchanged at $98, while the Canada 4%-per { 3%-|Day-today money closed at I cents at $93.50-04. sue' closed at $97. cents. : ' The 91-day treasury bills at 2.26 per cent compared 2.52 per cent last week and 182-day bills at 2.55 per compared with 2.77 per ge 52 2F s8iszit per cent. The provincial market, cent Sept. 1, 1083, gained 50|firm.