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Broader Base Requested For Research | TORONTO (CP)--The head of| the Ontario Research Founda-) tion suggested Monday that a broader base could be estab- lished for determining new re- search expenditures under federal program of tax incen- tives to encourage industrial re- search in Canada. Dr. A. D. Misener, director of the foundation, said in a press release that although the new incentives have not yet been approved by Parliament, "it is difficult to visualize the newly-elected government not approving the plan" after the Juné 18 federal general elec- tions. Finance Minister Fleming said in his budget speech that the government proposed to al- low industry to deduct 150 per cent of its increased scientific research expenditures when computing income for tax pur- poses. The incentives would ap- ply to research spending which exceeds the amount spent on research in the 1961-62 fiscal year. Dr. Misener contended that industries which spent heavily on research in 1961-62 would benefit least from the incen- tives. These companies "will have established a high basis for research expenditurs which will govern their tax benefits." 'Perhaps a more equitable basis would be an average of a company's annual research expenditures over the last five years,"' he added. BUSINESS SPOTLIGHT Ontario Chamber Birthday Party By FORBES RHUDE Canadian Press Business Editor NIAGARA FALLS, Ont. (CP) --Past and present will do a sort of "'turkey-trot twist" as the Ontario Chamber of Com- merce recalls 50 years of his- tory during its annual meeting this week. It. will be the chamber's golden anniversary and the oc- easion is being celebrated ap- propriately. Business sessions of the Wed- nesday-to-Friday gathering will be devoted to matters of today and tomorrow but off-hour cele- brations will go back to 1912. Highlights of these activities will be a "birthday party" and buffet dinner Wednesday even- ing at which delegates and their wives are asked to dress in the fashion of a half-century ago. There will also be exhibits of men's high collars of 1912 days, cigar store Indians, old automo- biles, coins, cash registers, tele- phones and voice recordings. REVIVES REPORT One of the most interesting items will be the official report of the first annual meeting of the Ontario Associated Boards of Trade, as the organization was then called. The 176 - page report of the proceedings, except for mention of such things as wagon roads, and of projects then urged and now accomplished, sound as old-fashioned as might doesn't| There was worry about young people leaving the farms and some delegates hopefully be- lieved that better roads would arrest the trend by making farm life more attractive. The Prairies and British Columbia were strong attractions for On- Dull Session On Monday's Stock Market TORONTO (CP)--The stock market meandered aimlessly through a dull session Monday, establishing no trend amid one of the lightest volumes of the year. Consolidated Paper main-| tained strength throughout the day, closing at 43,% up 1%. Leland gained 1%, Bank of Nova Scotia % and Abitibi %. tario's young people, as well as! for immi grants, and one) speaker said B.C. "is putting it over Ontario like Barnum's| tent." So far as is known, none who} attended in 1912 will be present) this week. Ready-Mix Deal With Teamsters | TORONTO (CP)--The ready- mix local of the International Brotherhood of Teamsters} (Ind.) and the Toronto area' ready-mix industry have agreed} on a two-year contract provid- ing for a two-stage wage in-| crease, it was learned Monday. The increase will total 15) cents an hour for the local's 800) members. Meanwhile, five Teamster trucking locals are preparing to} take strike votes among their 8,000 members as they wait for a conciliation board report in| their dispute with the Ontario; |trucking industry. The board's [Oil touched a 1962 low of 32%, Imperial Oil fell a point to 46% --its lowest this year--while BA off %. On index, industrials gained), .48 to 617.73 and base metals 42 to 212.93. Golds dipped .41 (Quotations in cents unless mores 6 xr--Ex- rights, xw--Ex-warrants, Net from previous board-lot closing Stock Abitibi Acad-Atl Acad-Atl pr Today's Toronto Stoc TORONTO 11 A.M. STOCKS By The Canadian Press Toronte Stock ¥xchange--May 8 xd--Ex-dividend, change i: INDUSTRIALS 745 $101 101 Alta Dist Alta Gas Alg Cen Alg C pr to 91.27 and western oils .47 t0|Brazi 112.39. Volume was 2,269,000 shares compared with 2,276,000 Friday. Among base metals, Inter- national Nickel climbed % after announicng a price increase in its domestic Ventuers dropped %. Specula- tives were lacklustre with|& Northgate dropping 25 cents to|c $6.90. In western oils, Great Plains|¢* Pro C imp Development fell % to a 1962 low of 11%. DIVIDENDS By THE CANADIAN PRESS Consolidated West Petroleum|<° Ltd., five cents, June 15, record G June 1, Hardee Farms Ltd., pfd. $1.63, July 1, record June 15, D. A. Stuart Oil Co. Ltd, sale of nickel.|< CcIL International] pen y 250 Bec %5 z 75 sale.) il Net Sales High Low a.m. Ch'ge 210 49% 49% 409% + 475 $16% 16% 16% + % Stock GMC GP Drill A GP Mfg A GS Wares Inglis Int Nickel Intpr B 59w Inter PL Inv Syn A Jamaica PS Jefferson Jockey C MB PR M Lé Mill Mass-F Mass-F 5% Maxwell Met Stores Mid-West Milt Brick Molson A Ont Steel Page-Hers Phantom Premium QN Gas QN Gas pr QN Gas w Roe AV C Roe AV pr Rothman ll Net Sales High Low a.m. Ch'ge 53 $9 3 88 320 80 880 217 $31 nm 3 200 $12% 12% 124--% $8 8 8 $19% 19% 19% $17% 17% 17% 75 715 715 --8 305 305 305 $16% 16% 16% ' --10 Stock St Pav Steel Can Suptest Texaco T Fina Tr Can PL Trans-Mt Trans PPL 315 305 305 $12% 12% 12% $254 By 3% 340 340 340 M64 46 4 495 495 495 $84 83%q 4+ 56 46 4 +5 $84% 84% 84% $61% 61% $18% 18% 1 --10 --% sa 300 300 = 300) +1 $14% 14% 14% 130 130 130 +5 355 355 355 $184 184 186% 55 6© 4 -B8 $144°14% 144+ % $8% 8% 8% 280 $8% 8% 8%+ % 33°38 «33 S$ 6S 8 +8 $15% 15% 15%4%--% $6 6 2% 1485 $20% 20% 250 $144 14% 675 $12% 12% 15 $108% 108% 106% 200 215 215 215 +15 37% 7™% TH--% 20 200 200 290 20 290 a 14% 55% 3 19 | Cent Del |C West P |Dome Pete | Duvex Dynamic Long Majtrans Medal 54% --10 | Abaces 6% Acad Uran 83 Advocate 8% , |Akaitcho y%|Am Larder Aumacho Tor-Dom Bk zl! 11 Net Sales High Low a.m, Ch'ge 175 $11% 1% 947 $21 200 $15% 15% io 1% 0% 4000 10% 10% 10% 500 66 6 6 3000 2 «#2 625 820 820 3 7 7 810 680680 680 100 170 170 170 $12% 12% 12% 44% 4% 4% 31 30 HO 6340 $13% 13% 13% $177 WwW WW Ya 20% 20% 20' $14% 14% 14% ---%* --% THE OSHAWA TIMES, Tuesdey, Mey 8, 1962 17 Stock Camp Chib C Tung Cassiar Cent Pat ¥% | Crowpat --% 1% +5 600 2 2 Gas 600 144 144 144. --1 --2 +10 ---% D'Aragon D'Eldona Denison Dicknsn Donalda Duvan East Mal Eldrich Fatima Francoeur Frobisher Giant YK Granduc Gulf Lead Gunnar |H of Lakes Headway High-Bell Hollinger | Macassa |MacLeod Madsen Man Bar k Market Sales 200 200 100 6350 1000 1000 500 $l% 1 000 400 400 8 650 500 13% 13% 134 --1% 950 945 0 +1 Net High Low p.m. Ch'ge 600 600 600 +5 210 210 210 +5 $12% 12% 12% 221 +4 1% 10% 1% 9 13 223 8 13 13 222 222 --1 10% 104 lWW%--% 3 23 2 +1 8 8 8 +1 18 18 18 $11%™ 1% UK%--% Hw MO MO --5 0 1% 618 32. «(32 231 231 S2AY%e 24% 32 eisesad Secebbesksyecg a 52858 [+ ++] + Ss ses ll Pg Pigs Waite Ww! ~~ % Listings 1 Net Sales High Low a.m. Ch'ge 250 $10 «610 500 1000 2140 2500 Stock a sé $65 90 $10% 10% 10% 4% 14% iin + + Lod sSs8EseFB_ 528.85 bu 54 : $ BEgutelstsh8 te8.¥ | Bs cs Sales to 11 a.m.: 509,000. NET EARNINGS By THE CANADIAN PRESS Canadian Petrofina Lid., mos. ended March 31: $1,576,668; 1961, $1,260,379. Drummond Welding and Steel 3 1962, #| Works Ltd., year ended Dec. 31: 1961, $93,582, $1.04 a Class A share; 1960, $90,211, $1. MacLeod Cockshutt Gold Mines Ltd., year ended Dec, 31: 1961, $448,349; 1960, $346,731. McKenzie Red Lake Gold Mines Ltd., year ended Dec. 31: 1961, $45,040; 1960, net loss $78,423. Little Long Lac Gold Mines Ltd., year ended Dec. 31: 1961, $146,952; 1960, $145,694. Trans Mountain Oil Pipe Line Company, 3 mos. ended March 31: 1962, $2,215,000, 29.4 cents a share; 1961, $1,026,000, 13.6 cents. ae 5 ; Royal Bank 25 cents, June 1, record May 15./? seen Russel H Salada F Seven Arts Shawin Simpsons Shully Southam 00% -- 15% 10% Barnat 14% |B Expl 11% + %|Baske i Bethlm 1100 245 241 245 -- V\Black Bay 45000 17% 16% 16% --1 -- %|Bouzan 1200 32 52 «52 «+1 -- %\Bralorne 254 690 685 685 +20 The foundation is sponsored be expected. Some of the issues|report is expected this week. | jointly by industry and the pro- are still topical. A strike by the Teamster| i Fan vincial government, doing both' A request for a new Welland|trucking local in Montreal has and warehousemen laid off has|ricet mig general industrial research and canal has long since been metjhad repercussions in Ontario,|climbed past the 400 mark. The|Ford (vu) specific projects requested and and, more recently, one for a|where the number of Toronto-|total laid off in the Province| Fe" pee paid for by individual firms St. Lawrence seaway. {Montreal drivers, maintenance'is about 800. ee 1% 54% 30 6 96 210$103 103 29$147 147 ete pr 475 360 250 $14% Fx 3 MANY TONGUES Between 2,500 and 3,000 lan- guages and dialects are spoken in the world today. ++++ =e 147 <i = 360 «360 Gen Dev 4% 144+ % 'S E. 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CHARGE |--AT NO EXTRA When you purchase a 'Bulldog' Victura tire during this special offer,EATON'S will arrange to rotate your tire: every 5,000 miles WITHOUT CHARGE! 670-15 Tube Type Whitewall Reg. 23.25, Specie! (plus trade), each 18.89. 670-15 TUBE TYPE BLACKWALL Regular 20.35 EATON Special Price (plus trade) each EATON ciel Price frius tente), Reg. fec EATON Specie! Price (Plus Trade). Tube-Type Reg. Each 640-, 650-13 Blackwall Whitewell Tube-Type 760-15 Blackwell Whitewell Tubeless 670-15 Blackwall Whitewall 710-15 Blackwell Whitewall 760-15 Blackwell 27.75 Whitewell 30.75 650-, 390-, 600-13 Blackwall 18.45 Whitewell 21.50 19.99 22.97 24.50 27.75 20.25 16.19 23.35 18.99 750-14 Blackwall Whitewall 19.15 21.99 23.50 19.15 26.75 21.99 23:50 26.75 800-14 Blackwell Whitewall 20.95 23.87 25.50 20.95 28.75 23.87 25.50 Low Profile Shape Ordinary Shepe 28.75 OO Unlike ordinary tires, Low Profile Tires are moulded closer to actual running shape, resulting in less , less heat build-up . . . protection against blow- 850-14 Blackwell Whitewall 800-, 820-15 Blackwall Whitewall 22.97 25.59 27.75 22.97 30.75 25.89 24.49 27.39 14.59 17.29 29.50 32.75 Please add 2.00 if ne Trede-in Class A recappable tire evailable. Instellation 30¢ extra per tire. EATON'S MALL LEVEL, DEPT. 763 PHONE 725-7373 PHONE 725-7373