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14 THE OSHAWA TIMES, Tuesdey, March 13, 1962 BIRTHS CARTER -- Jack and Chant, 30 James Street, are pleased to announce the birth of their daughter, Candace Grace, 7 lbs 6 os, at Oshawa General Hospital, Saturd March 10, 1962. Carol (nee Peterboro). HAYNES -- Yave and June are happy to announce the arrival of their eon, David Edward, 9 Ibs. 3 ozs., on Friday, March 9, 1962, at Oshawa Gen eral Hospital. Thanks to Dr. Rundle Mother and baby both doing fine. KINSMAN Morris and Sandra (nee Vinson) wish to announce the: safe arrival of a daughter, Laurie Anne, at the Oshawa General Hospital, Tuesday March 6, 196 Many thanks to Dr Halam-Andres and staff of 4A MacDONELL Ken and Gail (nee Pearce) announce the birth of their eon, Mark Kenneth, on Saturday, Mar 10, 1962, at the Oshawa General Hos pital. A brother for Cariene. Thanks to Dr. Morris. MICKLASH Mr, and Mrs. Adolf ®. Micklash (nee Marie Conlin) wish to announce the birth of a son on Sat- urday, March 10, 1962, at the Oshawa General Hospital. (Stillborn). @APPY occasion -- The birth of To tell the good news to The Oshawa telephone A your child. friends and neighbors Times ig as near as your The day of birth, just telephone RA 723.3492. The rate is only $1.50. DEATHS LANDER, Mary Passed away suddenly at Cobourg, on Monday, March 12, 192, Mary Ger trude Lander, beloved daughter of Mrs Oliver Lander and the late Oliver Lander of Oshawa. Miss Lander is resting at the Templer Funeral Hame, 304 Division Street, Cobourg, Ontario Service in the chapel on Wednesday March 14, at 2.30 p.m. Interment Osh. awa Union Cemetery Gertrude GIDEON Bibles are a continuing me- morial. For placement contact funeral director or phone 725-2327. GERROW FUNERAL CHAPEL Kindness beyond price yet within reach of all. 728-6226 390 KING STREET WEST LOCKE'S FLORIST and Funeral arrangements floral requirements for occasions OSHAWA SHOPPING CENTRE HOUR PHONE SERVICE 728-6555 IN MEMORIAM JANES dear father 24 In loving memor Frederick Baldwin who passed away March 13 Lovingly remembered by Maude Mackay of my Janes, 1948, daughter, THOMPSON In loving memory of a dear mother Lily Reynolds, who passed away March 13, 195 Sweet memories will linger forever, Time cannot change them, it's true, Years that may come cannot sever Our loving remembrance of you ~-Missed by George and grandchildren. THOMPSON --- In loving memory of my dear wife, Lily Reynolds, who pass ed away March 13, 1953 Sunshine fades and shadows fal! weet remembrance outlasts a} : missed and lovingly remem- bered by husband THOMPSON -- In loving memory of a dear mother, Lily Thompson, who passed away March 13, 1953 In my heart your memory lingers Always tender, fond and true; There's not a day, dear mother, I do not think of you ~Lovingly remembered by son Ernie daughter-in-law Audrey and grandchil dren THOMPSON 8 dear mother, peased away M I have only mother To remember my whole life through, But the sweetness will linger forever Aa l treasure the image of you Always remembered and sadly miss @d by daughter Rona, son-in-law John granddaughters Judy Marie and Tracy Ann Cuba Cigar Makers Offered Jobs Here TAMPA, Fla. (AP) ployed Tampa cigar were offered jobs in Monday. H. W. P. Thomson, immigra- tion officer in charge at the Ca- nadian consulate in New York City, extended the invitation during a tour of Tampa. "There is plenty of room in Canada for skilled workers,"' he said. This applied to all fields, not just the cigar industry added Approximately 1,000 of the es- timated 6,000 cigar industry workers in Tampa have been laid off because of the U.S. em- bargo on imports of Cuban to hacco leaf, main raw material for the Tampa industry Combat Troops Outnumber Support Troops OTTAWA (CP)--The days in the Canadian Army when the tail wagged the dog appear to be at an end. Ans army In loving memory of Lily Reynolds, who your memory, dear -- Unem makers Canada spokesman said Monday that of the 11.571-man increase authorized for the army, 8.967 men or 77.5 per cent will go to combat units In military parlance, combat troops are known as the army's "teeth" and the support troops as the "'tail." During the Second World War 'the "tail" far out numbered the "teeth" and this led, at least in part, to the 1944 conscription crisis. Combat re- inforcements couldn't be found though there were 210,000 gen eral service soldiers in Canada and the United Kingdom The government last Septem ber authorized a manpower in- crease in the army to 59,350 from 47,779. Strength at March 5 was 51,842. It is calculated that the ceiling won't be reached un til May, 1963 There now are in training depots Crops; 600 Artillery: 310 Engin- eers; 426 service Corps; 121 Provost Corps; 581 Regiment of Canadian Guards; 1,430 Royal! 22nd Regimenf; 592 Princess Patricia's Canadian light In fantry; 721 Royal Canadian Reg iment: 563 Queen's Own Rifles 262 Black Watch. 6,048 recruits 440 Armored he} TORONTO 11 AM. STOCKS By The Canadian Press Toronto Stock Exechange--March 18 (Quotations in ctnts unless marked $ z---Old lot, xd---Ex-dividend, xr----Ex- rights, xw---Ex-warrants. Net change is from previous board-lot closing sale.) INDUSTRIALS 11 Net High Low a.mm Ch"ge $44%4 445% 44% + Me 250 250 34)4 10934 107!4 107% - 1914 24 Stock Abitibi Alta Dist AltaGas AltaGas pr AltGas B pr Alta Nat Alg Cen Algoma Bowater Brazil BA Oil Algoma Alumini Analog wta Anthes B pr Argus Atlas Steel Bank Mont Bank NS Beay Lum Bell Ph xd Bowater Brazil BA Oil BC Forest BC Pow BC Phone Build Prod Burns Cal Pow Can Bread Can Cem CI Fndry * Br ALA Cdn Brew C Pack A Sales 275 150 260 25 $1094, 5 S107% 100 $1914 750 $24 820 $52 200 Sil 1100 335 1270 $35 820 $52 1401 $28% 300 «65 75 $101 ni0 $48 $324 $7034 S78 $30 720 234 50 725 1088 200 1100 1270 1678 2513 25 * Goodyear { ll Net Stock Dom Du Pont Eddy Match Exquisite Fom Play Fleet Mig Fleetwood Ford (US) Fndtn Fraser 2 Gatineau Ba 00 S$1B8\4 255 $32 25 $33% 225 $12 z15 $17% 2600 100 115 $25 100 $1031 1845 $1434 125 $26% 1Bte 31% 334 Text $i3%s 123 $59% 500 44 450 $10% 275 $115 0 $15 750 $19 250 730 300 Paper Pow w aN Gas GNGas w i GN Gas B w 3 Gr Wpr vt Greyhnd Hardee Hur Erie imp Flo Imp Oil Imp Tob Ind Accep xd Jamaica PS Jeff Bw jockey ¢ Kelly D Labatt Lafarge LOnt Cem Lau Fin A Lau F 200 Levy LobCo A * LabCo LobCo 4 5 Loeb M MB PR M Lf Mill xd a a,| Mass-F » Mass-F CanwW CKP Dev Col Cell Con MS Con Gas xd Cosmos Dist Seag D Bridge Dom Elect Dom El wts D Fndry Dom Stores Dom Tar Prop $13%4 821% pr Met Store Mex LP Milt Brick Molson pr Moore Noranda NO NGas Page-Hers Phantom QN Gas Rapid-Grip Roe AV ( Roe AV pr Royal Bank Royalite Russe}! StL Cem' A Salada Food pi 250 CPR"s Net Income Rose During 1962. MONTREAL (CP)--Canadian Pacific Railway Company re- ported Monday net income in 1961 rose to $32.461,242, or $2.04 a share, compared with $28 971,276 or $1.81 a share, in 1960 N. R. Crump, president, said a slight increase in railway revenues and increases in opel ating efficiency caused the higher net income The company's income ac count showed railway revenue increased to $465,490,076 from $457,105,482 in 1960, wh rail- way expenses, including provi- sion for income taxes, rose to $427 839,227 from $423,430,812 in the previous year Mr. Crump said rail opera tions during the year were per- formed entirely with diese! power and this enabled the com pany to reach a new peak of operating efficiency Also menitoned as instrumen- tal in keeping down costs were improved yard operating tech- niques and centralized traffic control installations He said the company aban doned 199 miles of uneconomic branch lines and further re duced unremunerative passen- ger services The income account showed that, after payment of $24,702, 559 in dividends, equivalent to $1.50 a common share, 758 643 was transferred to the re- tained income account Total retained income at the end of 1961 amounted to $539 Record High Closing For Industrials TORONTO (CP)--After ing weakly, industrials momentum and _ closed record high during trading on the stock Monday. Al! other ended on the downside Steels led industrials higher, with Algoma up %% to 523%, a 1962 high. Dominion Foundries and Steel also struck a year's high, climbing to 67% before éasing to 67, up one point Bell Telephone gained % to %@ after going as high as 58%-- its best this year. Traders Fi- nance A rose 234 to 5514: ear- her it struck a 1962 high of 5644. The stock began climbing after news the company had proposed a three-for-one stock split Among losers were Building Products, down 114 to 3134. and Distillers Seagrams, off % at 47% International two points to 85 On index, industrials gained 1.75 to 628.52. Golds slipped .31 at 89.07, base metals .19 at 206.62 and western oils 1.32 at 123.54. Closing volume was 3,026,000 -hares compared with Friday's 3,100,000 Base metals saw Baine 1% to 5914 on the company's 1961 creased 20 cents a the previous ye Falconbridge rose 1%. Consolidated Mining and Smelting dropped % Among speculatives, Lake Du- fault dropped 20 cents to $4.95 NET EARNINGS By The CANADIAN PRE Industrial Minerals of Canada Ad., year ended Dec. 31: 1961 $144,110,- 35.1 a share 1960, $125,661, 30.6 cents G,. Tamblyn Ltd., year ended Dec. 31: 1961, $365,685, $1.22 a Share; 1960, $394,319, $1.32 Canadian Pacific Railway Co., year ended Dec. 31: 1961, $32,- 461,242, $2.04 a share; 1960, $28 | 971,276, $1.81. e e open gained at a moderate market sections 8 Nickel gained Noranda the news profit in- share over cents 654.576, compared with $523,- 688,393 a year earlier Mr. Crump said railway ex penses were 'adversely affected by the increased wage costs resulting from the settlement made last May with the non operating employees in order to avert a nation-wide strike. Sub sequent wage increases had been granted to locomotive en gineers Chrysler Corp. Discloses Salary, Fees DETROIT (CP) Chrysler Corp. disclosed Monday it paid L. L. Colbert, its former pres- ident and. board = chairman $167,317 in salary and fees last year, almost $50,000 more than it paid anyone else. Colbert was replaced July 27 He became chairman of the board of Chrysler of Canada Ltd. Sept. 1 4 proxy statement mailed to stockholders Monday showed Colbert: was paid $150,650 while with the parent company and received $16,667 in four months on his new job. He lost option rights to 35,000 shares of Chrys sler stock but retains an option for 10,000 shares at $52.49, about $5 below the current market price Lynn A. Townsend, who suc ceeded Colbert as president, was paid $118,400 for the year He was granted an 'option for 8.500 shares of stock at $43.17 when he became president and received options for another 5,000 shares at $53.56 on Sept 20 George H. Love, who became chairman of the board on Sept. 20. was granted options for 20.- 000 shares of stock at $53.56 DIVIDENDS By The CANADIAN PRESS Canadian Industries Ltd., com mon 10 cents, April 30, record March 30: pfd. 9334 cents, April 13, record March 15 Eddy Match Co. Ld., common 3734 cents, March 31, record March 17 Metropolitan Stores of Canada Ltd., pfd. 65 cents, May 1, rec ord April 6 P. L. Robertson Manufactur- ing Co. Ltd., common five cents six-per-cent series A pfd. 30 cents, second pfd. 25 cents April 1, record March 20 Slater Industries Lid., A pfd cents for period from Feb. 1, 1962 to the day prior to date of letters patent of amalgamation Feb. 21, May 1, record Feb. 21 series a7 High Low a.m, Ch'ge | 11 Net High Low a.m. Ch'ge 95 985 5 455 10% 23% 10% Stock Sales Salada F wts 45 Selkirk A J Seven Arts Shawin 815 200 25 100 455 10% Slater Steel Southam Stedmon Steel Can S Propane Tamblyn Texaco 2 Tor-Dom Bk Towers wts T Fin A fr Can PL Trans-Mt Union Oi! U Corp B Vendomat Walk GW WCoast vt Weston A West A wts Woodwd A Carb Lob Ine 1220 230 210) Aiminex a s Bail 5% pr ent Del tharter Oil Dragon Duvex Dynamic Gr Plains Home A HB OUG Long Point Mtdal Okalta Pac Pete Pamoil Permo Petrol ( ( ( r ri ' a Place Ponder Sarcee Secur Tidal Triad Oi Un Oils Wayne Wsburne W Decaita Yan Can Free Acad Uran Arcad wits A Arcadia CANADA BANK REPORT POINTS OTTAWA (CP) High- lights of the 1961 Bank of Can- ada report by Governor Louis Rasminsky, tabled Monday in the Commons: The decline in the Canadian dollar's exchange value has given Canada a special op- portunity to attack major problems of economic adjust ment country must avoid a new round of price and cost increases and vigorously ex ploit present opportunities for new business The money supply rose nine per cent last year the interest The Without pansion, monetary eX cost would have been higher and a growth in spending would have been retarded. Gross national product rose seven per cent between the first and fourth quarters of 1961 indicating an annual rate of some $38,165,000,000 in the fourth quarter Despite a major increase in business and government bor rowing, credit conditions did not tighten and interest rates declined The central bank is keeping an open mind on_ how it should set its bank rate, now geared to changing interest rates in the short-term money market Betweent he first and fourth quarters of last year. total personal income rose 5!4 per cent, personal spending nearly five per cent and cor- poration profits 30 per cent SHOWS SURPLUS STANSTEAD, Que. .(CP)-- This municipality showed a surplus of $6,300 from 1961 rev- enue of $33,000. secretary-treas urer Mrs. George Winter re- ported Today's Toronto Stock Market Listings Stock Sales A Arcad Bw 200 Atl C Cop 799 1 Aumacho Aumaq Aunor Barnat Beay Lod Bethim High Low 20 060 000 100 3 150 5 1000 4700 5000 7300 2000 500 Bralorne Cadamet I Camp Chib Cc Turg ri + 6000 ri 7700 200 2000 500 190 200 4466 500 Rw Comb Met © Callinan © Discov C Fen € Morrison © Mosher C Northid Cop-Man Coprand Coulee Courvan Denison Dome Duvan E Amphi East Sull Elder icon Francoeur Geco Mines Genex Giant Glacier Grandroy Gunnar H of Lakes YK Hollinger Hud Bay Hydra Ex Cop Lencour Lorado Lorado Macassa M Maralgo Marcon Martin Matatch Maybrun 7500 +% | Mcintyre 2 Murray * Werner Pend Ore 1 Low a.m 49.4 49 9 9 35 a! Net Ch'ge Meta Uran Midrim Min Corp Mt Wright Multi-M M Expl 2+ 35 s-- % -2 1 Nat '4 New Bil 2 Ntw 4| Newlund Hosco N Mylama N Senator Nickel MS Nick Rim Norpax N Coldstrm Nrthgate N Goldert N Rank North Can O'Leary Opemiska Orchan Osisko Patino M Paymast Peerless Pitch-Ore Placer Preston Pros Air Purdex Q Metal Quemont Rayrock Raglan N Rio Algom Rix Athab San Ant Satellite Sherritt Taurcan Teck-H Tombill Tormont Tribag Trin Chib t-Shaw Asbestos Bufiad n Keno Un Fort Upp Can Vauze Ventures 1000 1000 7000 1000 Wiltsey Young Zenmac Curb Bulolo HG 210 100 Sales to if a.m.: 890,000. BUSINESS SPOTLIGHT Canada Market Assist Urged By FORBES RHUDE Canadian Press Business Editor TORONTO (CP) Measures to help Canadian manufacturers} to become more competitive in the world markets were urged Monday by D. S. Anderson, On tario general manager of the Royal Bank of Canada, in an address iv tie Prospectors and Developers Association He said increased tariff pro- tection, though superficially at tractive, would be at the cost of national prosperity and growth and that such measures an artificially depressed value for the Canadian dollar are ineffective and perhaps dan- gerous The government, Mr. Ander- son said, has done a number of things of fai reaching effect, such as the expansion of export credit facilities, "but we still have much further to go if we are to match the credit and other advantages available to competitors in foreign coun tries." as Special tax concessions might| be given for new exports, es-| pecially of manufactured goods, | id Canada's approach to the} challenges and opportunities of the ropean Common Market must be a positive one BUSINESS MUST HELP Government efforts would be unavailing if. business failed to pull its weight and there were encouraging signs that business was beginning to do this | Citing a number of major in-} stances of successful invasion of} | foreign markets, Mr. Anderson said some of them looked like "carrying coals to Newcastle," but the markets had been won because the manufacturer made a better product and then got out and sold MANAGEMENT Graduate foi requires an ambitious graduate ' strong leadership skills end experience in plant engineering, methods, time study, and incentives This is o significant OPPORTUNITY Engitieer An astoblished Canadien Co,, located in southern Ontario, ngineer, oge 25-30, with opportunity ond will afford and direction of an complex problems in the @ gressive organization. 4 KING STREET WEST industrial i organization with « high volume, production process and plant layout and the material handling. Attractive starting salary end excellent prospects in @ pro Mail replies in strict confidence. PEAT MARWICK MITCHELL & CO. y for the Engineering group in an o of manufceturina methods, TORONTO ¥ SCOTTY'S BARGAINS @ No down payments @ No payments 'til June @ Free estimates... No obligation - va! bs @ 6 to 60 months to pay BIRCH ROOM DIVIDERS attractive selection of filigree design birch room An dividers 16" x 24" Only 1.83 Lin, Ft. Birch Trim 16" x 48" Only 15° 4.53 Your Choice of Smart MAHOGANY BI-FOLD DOORS OR LOUVERED BI-FOLD DOORS from as 10 00 e MILLWORK & BUILDING 1 SUPPLIES LTD. low as 279 SIMCOE NORTH Open Daily from 7:30 'til 6 p.m ri, 'tit 9 pom, 728-6291 The main thing, he added, "'is that we must as a nation take the initiative; having done this many dangers will seem less fearsome and opportunities more attractive." "It is not at all unlikely that in a recovering economy, forced devaluation of our dollar, either through talking our rate down or the use of the exchange fund will result in a_ self-defeating rise in costs and prices--even if a depreciated rate can be main- tained if some. degree of stabil- ity is recreated in the exchange market," Mr. Anderson is "extreme nervousness" the part of the foreign investor "due in no small part to uncer- tainty and inability to develop confidence in our Canadian dol- lar said there now on , apparent or. commercial tenants |Canada's Use | Of Cigarettes Up 7 Per Cent AWA (CP) Canada's consumption of cig- arettes, indicated by the sale of se revenue stamps, rose seven per cent to 36,699,203,000 from 34,289,354,000 in 1960, the Dominion Bureau. of Statistics reported today That is cigarettes woman and population Withdrawals of cigars for Ca- nadian consumption, similarly indicated by revenue stamp sales, rose 1.3 per cent to 336,- 07 equivalent to 2,012 for every man, child of Canada's , 693,000 last year from 332,324,- 000. Withdrawals of cut tobacco increased slightly to 22,108,000 pounds from 21,986,000. But there were declines in plug to- bacco to 1,089,000 pounds from 1,130,000, snuff to 830,000 pounds from 872,000. and raw. leaf to 73,000 pounds from 975,000. Total stocks of unmanufac- tured tobacco at the end of 1961 were up 5.3 per cent from year earlier at 188,632,615 pounds New Company Announced In Real Estate TORONTO (CP)--Formation of a new real estafe company, Canadian S, T. W. Develop- ments Ltd., was announced Monday by W. A. Arbuckle, chairman of the Canadian board of directors of Standard Life Assurance Company, and Frank Taylor, president of the Taylor Woodrow Group in Canada The new company is equally owned by the parent companies and the announcement said: "'It s unique in that it is the first me in Canada that a life as- surance company and a con- struction company have formed a partnership for the develop- ment of properties, including construction of any type of business, commercial, shopping centre, office or apartment structure.' ual work t by Taylor andard -Life nancing Consideration being given to proje in Vancouver, Mont- real, Halifax and, in Ontario, in Ottawa, Toronto, Burlington and Windsor Head office will be in Toronto. The company will acquire sites from owners, build the structures required and then lease the development will be carried Woodrow while will provide fi- is acquire properties direct, velop them along the lines con- sidered best suited and then lease the buildings to business back to} the original owners. It will also! de-| Smoking, LONDON (AP) -- The Con-; servative. government pledged today it will do all in its power to acquaint the British public with a new medical eeport stat- ing that cigarette - smoking) causes lung cancer The report, by a committee of} the Royal College of Physicians,| was made public last week. The) committee recommended that the government place a pro-| hibitive tax on cigarettes in an! attempt to encourage a switch by the public to cigars and pipes, which it held to be much less dangerous to health In reply to questions in the House of Commons, Health Min- ister Powell said: "The government cer- tainly does accept that this report demonstrates authorita- tively and crushingly the casual connection between smoking and lung cancer." Powell said the government is "asking local health authorities to use all their channels of health education to make the conclusions widely known, and make clear the dangers to health of smoking, particularly of cigarettes." WILL PROVIDE MATERIAL The government will provide these authorities publicity ma- terial to get the message across. Powell said the report's rec- ommendation that the cost of cigarettes be made _ prohibi- tively high by taxation is "'under consideration by the govern- ment." He said the government also is thinking over the report's suggestion that it should exer- cise some sort of control over cigarette advertising and that it should set up clinics to help cure addicts Jeremy Thorpe, a_ Liberal party member, said the health ministry should "'step up their Rest assured in comfort Cancer Report Supported investigations into anti-smoking tablets which could be procured under the national health ser- vice." Powell said the government has that in mind too. 3 For 1 Split Backing Urged TORONTO (CP) holders of Traders Finance Corp. Ltd., capital goods fi- nancing company, will be asked to approve a three-for-one split in the company's common stock at a special meeting in Toronto April 26 The company said the direc: tors have approved the three- for-one split of the company's 1,169,127 lass A common shares and 240,000 B common shares outstanding at Feb. 1. R. M. Willmott, president, said the company does not plan to increase the present annual dividend pavout. The company now pays $2.40 a year on both A and B shares, and would therefore pay 80 cents a year on the split shares. The A shares ranged between $3734 and $5954 in 1961. Following the announcement, the issue jumped about $3 in heavy trading and closed at $55.25 on the Toronto Stock Ex- change, up $2.75 from Friday's close Stock- OVERSEAS LONDON (CP) -- Willis C. Cooper, chairman of Gillette Industries Linrited, is the new president of the Canadian Chamber of Commerce in Great Britain. He succeeds J. C. Ken- kel, European general manager of Canadian National Railways. OFFICER A bedroom extension saves worry and hurry! inal-filtered asolines re just one more xample of how e are fulfilling ur pledge of onfinuing eadership C1) ACROSS CANADA torists of progress, of these is luring fhe past year our Company implemented in several important ways the promise made to the mo Canada--that we would continue to be in the forefront of offering our customers major improvements in products and services. By far the most significant the B-A "Final Filter," a remarkable method of gasoline dis- pensing that assures you of theclean- est gasoline you can buy anywhere. "Final Filtering" more than ade- quately demonstrates ourdetermina- tion to fulfill our pledge to make "the sign of the big B-A" the symbol of continuing leadership in petroleum products and services. Lieoyhe Vv (ransioeNn THE BRITISH AMERICAN O1L COMPANY LIMITED