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OSHAWA TIMES, , June 23, 1962 BIRTHS * GEISBERGER Geisberger _ Richardson) are happy to announce BUSINESS SPOTLIGHT Banking Stocks Alone In Rally Stock Market Activity ----------This Week ----_--_ ivez Sales High Low Close Ch'ge High Low 8107 700 640 --35 11% 630 200 h--h wie NM 550 38 "u H% 855 --~% 1% 4 Weekly Summary Of 1961-62 109% 105 12% 9% ORONTO WEEKLY STOCK QUOTES By The Canadian Press Declines outnumbered advances by 604 to 137 om the Toronto Stock Exchange this week. Issues un- changed totalled 171. Volume for the week was 13,388,717 shares, revious Steck Gat 5% pr Gen Bake Ssies t mae ioe *Dheas bce ae $107% 107% 107% So Becord a 7 me $35 'This Week-------- 1968 Gales High Lew Close Ch'ge High Low 2% 4 11 45. 18 up les for the Oshawa Times, clippings of the are available for Baby's Book, Family Tree Records and to mail friends TORONTO (CP) -- A brief The|rally on Canadian stock mar- kets failed Friday as prices were once again knocked down .junder waves of selling pres- all sure, Home, 28 Kingston Rd. West, Picker. ing. Funeral on Monday, June 25, at 9:30 a.m. to St. Francis de Sales Church, Pickering, for Requiem H'gh Mass at 10 a.m. Interment St, Francis de Sales Cemetery. (The rosary will be recited at the funeral home on Sunday evening at § p.m.). WAGG, Kenneth Russell 'Entered into rest suddenly in"Oshawa, Ontario,.on Thursday, June 21, 1962, Kenneth Russell Wag -- hus- "band of Belle Lawrence, in 59th "year. Resting at the iN cotenae Fu- neral Home, Oshawa, with memorial "service in the chapel on Monday, June 25 at 10.30 a.m. Interment Mount Albert Cemetery. (In lieu of flowers donations to the Heart Fund will be appreciated.) WEIR, Ettle May "Entered into rest in the Oshawa Gen- eral Hospital on Thursday, June 21, 1962, Ettie May Kimberley, beloved wife of Edward Joseph Weir, and mother of Kenneth of Ajax, in her 74th year. Resting at the Armstrong Funeral Home, Oshawa, with memo- rial service in the chapel Monday, "June 25 at 2 p.m. Interment Mount Lawn Cemetery, Oshawa. LOCKE'S FLORIST Funeral arrangement and floral requirements for all occasions. OSHAWA SHOPPING CENTRE 24 HOUR PHONE SERVICE 728-6555 GERROW FUNERAL CHAPEL . Kindness beyond price yet within reach of all. 728-6226 390 KING STREET WEST IN MEMORIAM BULMER -- In loving memory of Olive Mable Bulmer, who passed away dune 23, 1954. Peaceful be thy rest, dear mother, It is sweet to breathe thy name, In life we loved you dearly, In death we do the same. ~Daughter Bernice, son-in-law Curtis and grandchildren, Edward and Robert "Russell. 'dear sister-in-law Ppa who passed CRAMB -- In loving memory of a dear mother and grandmother, Chris- tina Cramb, who passed away June 24, 1952. ~Ever remembered by Evelyn, Edna, Alyn, Alayne and Maralyn. .. DALBY -- Cherished memories of a Pry father who passed away June 24, i958. The golden gate stood open God said he needed rest, His garden must ae ------ He only takes the be: rr ~dovingly sence toe ig by daughter, jae. DALBY -- In memory a loving father and grandfather, John Thomas, who pased away June 24, 1958. We lost a Dad with a heart of gold. Who was more to us than wealth untold; Without farewell he fell asleep With only memories for us to keep, We have lost, but God has gained One of the best Dads the world con- tained. Dearly loved and sadly missed Fc} daughter Joan, son-in-law Bob grandchildren Leslie and Patti jens DALBY -- In loving memory of a Gear father and grandfather, Thomas Dalby, who pased away June 24, 1958. Remembrance is a golden chain Death tries to break, but all in vain; To have, to love and then to part Is the greatest sorrow of one's heart. The years may wipe out many things But this they wipe out never, The memory of those happy days When we were all together. Ever remembered by his son Jack, daughter-in-law Marion and granchil- n. FANTHAM 'wonderful mother, June 24, 1961, The greatest gift of love -- membrance, Her memory is our keepsake With which we will never part; God has her in His keeping, We have her in our hearts. --Sadly missed but always in the mem- ory of her daughters, Ethel and Vera. -- In loving memory of a Isabella, who died Re- FANTHAM -- In loving memory of my dear wife, Isabella, who passed away June 24, 1961. Beautiful memories, dearer than gold, Of a dear wife, w! worth can Banking stocks, which for the last two days have been de- clining sharply, were the only issues to recover earlier losses. The sell - off in banks was attributed partly to speculation by investors that the Bank of Canada interest rate may be pegged above five per cent. Much of the selling was re- Mr. ported to be coming from over- seas investors, but brokerage houses reported that domestic buying outnumbered foreign and domestic selling by almost two - to - one, and apparently brought about the bank recov- ery. RUSH T OUNLOAD It was a different story among other industrial issues as investors rushed to unload their holdings and brokers be- gan to ask "where's the bot- tom?" Many brokers are looking for support at the market tops on the Toronto industrial index of 1960 -- or around 500. The index -- compiled from 20 representative stocks --fell 7.71 to 514.56 Friday. Toronto markets was heavy but nowhere near the volumes of the great sell-off May 28 and the sharp rally the following day. The Toronto volume was 2,- 935,000 shares -- heaviest this month. At New York, an estimated $4,900,000,000 was chopped from the quoted value of stocks listed on the New York Ex- change as heavy selling con- tinued. The ticker tape was four minutes behind transactions at the close of trading and earlier was as much as 10 minutes late. AVERAGES SKID The Dow-Jones average of 30 industrials dropped 11.30 to 539.19, its lowest point since Oct. 28, 1958. The Associated Press averages of 60 stocks dropped 3.40 to 202.50, its low- est since Nov. 26, 1958. Volume totalled 5,640,000 shares. New York stock prices were hammered to new 1962 lows again. Same losses were held to fractions. A few stocks breasted the tide to post advances. Leading industrial issues and utilities were hard hit, with many steels, chemicals, drugs, airlines, aerospace, rubber and mail order - retail stocks ab-} Volume on the Montreal and sorbing sizeable losses. Strikes Disturb American Scene By JACK LEFLER | NEW YORK (AP)--The ques-) tion of the U.S. economic out-| look--will there be a recession| in 1963? flared this. 'sreek. | Strikes and threats of strikes| were jarring notes. And the stock market con- tinued its downward course. Ewan Clague, U.S. commis- sioner of labor statistics, set off a flurry of discussion when he told a conference on labor statistics that chartings of the U.S. postwar economy indicate a recession next year. "The only question,"' he said, "has been exactly when it is coming." Motor Vehicle Output Lower TORONTO (CP) -- Canadian motor - vehicle production this week is estimated at 12,018 units compared with 12,978 last week, says the Canadian Automobile Chamber of Commerce. Car production this week is estimated at 10,116 units com- pared with 11,109 last week and truck production at 1,902 units compared with 1,869. Production to date this year is estimated at 272,896 com- pared with 212,361 in the corre- sponding period last year, made na/Up of 230,189 cars compared with 175,795 and 42,707 trucks compared with 36,566. Car production by companies this week and this year to date with figures for last week and the eorresponding period last year in brackets was: American Motors 560 (560, 10,882 (3,320); Chrysler 1,413| (1,749), 18,412 (24,212); Ford 2,200 (2,509), 65,473 (50,518); General Motors 5,723 (6,073), 131,005 (94,689); Studebaker Packard 220 (218), 4,317 (3,056). DIVIDENDS By THE CANADIAN PRESS Algonquin Building Credits) Ltd., common 17% cents, July | #2, revord June 29. | Bailey Selburn Oj] and ied Ltd., five per cent pfd. 31% never be told. Alone, unseen, she stands by my side And whispers, "Don't grieve, death cannot divide." a, in my heart, kept Of one I loved, and can never forget. And though the years be many or few I'll always be ing, sweetheart, ~of you Osodly missed -~ ever pial by her husband, David. / FANTHAM -- In loving memory ot| grandmother, who was called home June 24, 1961. Only a year has passed and gone Since the one we loved so well Was taken from our home on earth And went to heaven to dwell. the memory ts | The flowers we place upon her grave 15, May wither and decay, But our love for her, who sleeps be- neath Will never grow dim, or fade away. --Sadly missed but ever remembered, Dave, Pat, Bob and Ann. cents, 534 per cent pfd. 36 cents, Sept. 1, record Aug. 15. Dupont of Canada Ltd., com- mon 15 cents, July 27, record| |June 29. Moore Corporation Ltd., com- mon 25 cents (U.S.), Class A $1.75 (U.S.), Class B $1.75 \(U.S.), Oct. 1, record Aug. 31. Penmans Ltd., common 45 cents, Aug. 15, record July 16; pfd. $1.50, Aug. 1, record July 3. Rolland Paper Co. Ltd., Class A 6% cents, Sept. 1, record Aug. | IN MEMORIAM KNOX --In loving memory of Donna who passed away June 24, 1949 My lips cannot tell how I miss her,) who My heart cannot tell what to say, God alone knows how we miss her. --Lovingly ae by Mom, sis- ters and bi rs. MeGARRY -- In loving memory of our dear sister, Shifley Ann McGarry, passed away June 24, 1960, You are always in our hearts. --Always remembered by Eileen and Nick Coady. McGARRY -- In loving memory of a _. Gear sister-in-law, Shirley McGarry, "who passed away June 24, 1960. Her memory is as dear today, CARD OF THANKS As in the hour she passed away. _ Lovingly remembered by Jim and ~ Veronica DeMille. McGARRY -- In loving memory of a away Juhe 24, Thoughts today, Memories for ever. --Lovingly remembered by Don, Helen and family. McGARRY -- In Be tage memory of our dear Shirley Passed away ~ June 24, 1960. Your presence we miss, Your memory we treasure; Loving you always, Forgetting you never. --Sadly missed by Mary, Jackie. Pat, Mom and Dad. McGarry. McGARRY -- In loving memory of a dear friend, Shirley McGarry, who passed away June 24, 1960. Her memory is as dear today As in the hour she passed away. --lovingly remembered by Joan and Les Maddock and family. MecGARRY -- In loving memory of 9@ dear wife and mother, Shirley, who -- Pg June 2A, 196. THE Remembrance Association of the Oshawa Silver Cross Chapter, extend our sincere thanks to the public and to all who in any way made our tag day on June 9, an overwhelming success, JONES -- The family of the late Al- bert D. Jones wish to express their sincere thanks and appreciation to rela- tives, friends and neighbors for mes- sages of sympathy, acts of kindness, floral tributes. Special thanks to Dr. E. Glazier, nurses and staff of the Glen Cedar Nursing Home, Hev. R. A. Sharpe and Armstrong Funeral Home during our recent bereavement, Mrs. Harvey, Mrs. Collins and Al- bert E. Jones. WELLS -- I wish to thank my spe- cial nurses, all the nurses on 3A floor, my doctors for all their care, also St. George's Afternoon WA, the Altar Guild, Queen Mary Lodge 97, The Royal Canadian Legion 43 and the Ladies Aux- iliary, the ladies of Bathe Park Bingo Club, Canon Cross, Reverends Wils:n, Goodswan and Amey, for their visits all my neighbors and friends for their Clague added that it was too jearly to tell the effect of the stock market slump but said that if it continued "I'd be worried about a recession early in 1963 instead of later." His boss, Labor Secretary saying "the economic facts do not bear out such an assump- tion." Seeking to clarify his remarks, Clague said he was not predict- ing a recession next year. "'Rather,"' he said, "I was ex- plaining that historic trends, which show a downturn in the economy every three to 34 years, when projected, indicate an economic peak might be reached sometime in 1963 which might be followed by a business down-turn." MOVE ON STRIKES The government stepped into two threatened strikes against major airlines. Late in the week the Ford Motor Co. and the United Auto Workers Union reached agree- ment to end a strike over work- ing standards at a Cleveland stamping plant that had ham- strung company operations. The agreement still had to be rati- fied by union members during the weekend. The walkout caused the com- pany to close assembly plants, making 70,000 workers idle. This resulted in this week's esti- mated auto industry production of passenger cars falling to 107,000 cars from 148,047 last week, Without any pushes from ad- verse business developments, the stock market kept going down hill. Market experts were at a loss to predict when the decline would stop. Averages by which the market is measured fell to new lows for the years. Steel production inched up last week after 10 straight weekly declines, totalling 1,580,000 tons, 0.4. per cent above the prior week, Canadian Named Harvester Head HAMILTON (CP) -- C. C. Brannan, a native of Chapleau, Ont., who joined the Interna- tional Harvester Company of Canada Limited as a clerk at Brandon, Man., 36 years ago, has been chosen to head the company's nation - wide opera- tions. First Canadian to be elected president of the company, Mr. Brannan will assume his new duties July 1. He succeeds Waiter W. Kil- lough, who is taking up new duties at the parent company's head office in Chicago. Bonds Lower, Trading Light By THE CANADIAN PRESS There was a sharp drop in Canadian bond markets. this week with substantial declines in all sectors. Trading, however, was quiet owing to a lack of demand. Day-to-day money was ayail- able at five per cent, an in- crease of 1% per cent over last|*~ week. The 91-day treasury bills yield increased to 4.92 per cent from 3.93 last week and the 182-day yield to-5.16 per cent from 4.12. On the government bond mar- ket the Canada 4%4-per-cent 1966 issue was quoted at $9544, down from $994 last week, the Can- ada 4%-per-cent 1983 issue at $89, down from $91%, and the CNR five-per-cent 1987 issue at $93, down from $9514 There were no significant pro- cards, flowers a good wishes while remembrance last forever, or gr Michael. a patient in the Oshawa General Hos- pital. --Mrs. Dorothy Wells. vincial, municipal or corporate issues brought to the market during the week. from the pi week's 10,049,575. Total sal the year to nig are 404,164,719, Quotations in cents unless marked WEEK'S cota ACTIVE TORONTO STOCKS By The Canadian Press Stock BA Oil Steel Can Bell Phone 42125 Dom Tar 40148 Cdn Brew 35916 Quonto Anglo Un Cdn NW In Unisphere Yan Can Abitibi Abitibi pr Atl Sugar Atl Sugar A Atl Sugar pr Ackland Ackland pr Agnew.S 516 Alta Dist 5340 Alta Dist vt 9100 Alta Dis w 90 Alta Gas pr Alia Gas Alta GB pr Alta G wts Alta. Nat Alg Cen Alg Cen p Alg Cen w Algoma Algon Alumini Alum 1 pr Alum 2 pr Analog Analog w Ang Pelp pr Anth Imp A Anthes B pr Argus 2350 Argus 250 pr 235 Argus 260 pr: 1270 Arg C P pr Ash Tem B Ashdown B A t Wire Atlan Ace Atlas teel Auto Elec AutoFab B Bank Mont 80 151 2240 470 100 622 17603 190 15852 341 1927 1200 1600 215 810 14475 10518 > Ph 5% pr > Ph 6% pr Bruck B Build Prod Bullochs A Burns Capol Cal Pow Cal P 5 pr Can Bread Can Cem Can Cem pr CD Sugar Can Foils A cl Fndry CI F 4% Can Malt C Pack A C Pack B Can Perm pa Safe 4 pr 2151 671 1381 410 can Wire B C Aviation Cdn Brew C Brew pr C Br ALA CBAL A wts CBAL B wts Cdn Can A Cdn Celan Cel 175 pr Chem Chem wts Collieries Colli pr Curt W Dredge Fairbks A Fairbks B CF Prod 1 pr 400 C Gas In pr 1175 C Gas In wts 4100 CGE CGE pr CG Sec B Husky Husky wts Hydri Car 1403 Ice Mach 150 C Ice Mach A 100 > Imp Bk C 25026 > Ind Gas 1634 » 296. aaqaqnaqaaa 529 200 13265 1280 325 4463 45 32052 3099 Cin W Prop 2300 Chat-Gai 275 CKP Develop 100 Col Cell 4505 Comb Ent 2555 Conduits 250 Con Baks 320 Cc Bidg 1075 C Bidg pr 375 C Bidg wts 2100 Con M s 19287 25715 Sales 35 $106 8692 1025 905 15503 3 115 $103% 103 00 INDUSRIALS Ye 29% 30% +1% 56097 $30: 50880 $17% 15% ty --1 $51% 48% $17% 16% 13% --1% 210 $21% 21% 2%--% wad ua 100 100 450 380 380 $23%4 23% $15% 15 220 200 185 --20 os % 170 70 495 $108% 108 $26% 25 106 905 $17% 16% $19% 18% ¥ 337. 57 500 485 $43% 38% $84 $21% $22 $474 169 45 $52 $1l% 65 $01 $3 18% 18%-- % 28% 28% --l%e 425 425 --35 20 «325 «+40 52% 52% --6 59 59% --5% 305 305 --55 450 50 30 $102% 50 $107 270 «270 270 $24% 22% 22% $7 7 7 38% 8 8 a puro 135 135° 135 $20% 18 18 aon $6%% 6% $26% 24% 28% 22% 30 184% 5 85 at --%* $50% 205 160 180 40 $30% 30% 304 --4% 33 ~2% $13% 13% 13% $9 9 9 $11l%™ Uu% 1K*--% $5642 50% ne --4% 11% Ws --%* my ee --10 $8 $12% ply -- 40 sito ido i004 +é 2% 1% 11% -- % 16% -- % % =3 hie) 7 --I% 20%4-- % Sa% $12 $16% $37% $31 «2 $28% 27 $21% 20% $17% 16% 3% 11% 16% 36 25 si%4 is 15%4%--% 385 365 365 --I15 $12% 12% 12% 39 9 9 37% 7 %--% $13 12% 13 +% $8 Th ™% 460 370 370 --85 $29% 19% 19% --1 $17% 14% 15 --2% 30 $1061%4 106% 106% --1 55 $106%4 106 400 1240 4860 1195 Copp Clark Corby vt Coronatiin Cismos Crestbrk 209 Crestbrk_ pr 165 Crown Trust 200 Crush Int 1988 9797 $235 Dist Seag D Bridge D Can Gen D Coal pr 300 Dom Elect 905 Dom Elect w 570 Va 70 $113% 110 2000 $265 245 170 $124% 110 106 --%% 110 5 39 «(39 1% 16% 16%--1% 110 --1 395 $42 $18 405. 395 $9% 9 510 450 3 -$53 6 480 Dom Scott 1995 Dom Scot pfd be Dosco "Dom Stires Dom Tar Dom_ Text Du Pont 12390 40148 3865 3625 50 5 Econ Inv Eddy Match Eddy Emco Emp Life Erie B Exquisite Exquisite pr Falcon Fam Play Fed Farms Fed Farm w Fed Grain Fed Grain pr Fibre Fleet Mfg Ford (US) Ford Cda Foundatn Fraser Fr Pete pr 2100 Frosst A 695 Fruehauf 425 Gatineau Gat 5 pe 700 1855 200 100 195 i. 15 580 250 ee 396: 255 10 $140 3 5 $31% $101 $8 $7% $49 $9% $12% $17% $16% $28 EukK $40 = 40 $29 «29 16% 16% --1% 15% 16 --% 6 3 4 --A"*% 910 $23% 21% 71% --™% %--%*% 140 +20 10 «+10 9% -- % Py --% seb tt owe 445 eh --40 $10% 9% 140 110 $9% 10% Hin $16% 455 $49 $6 --1 92 «90 $43% 43 708 $141¥4 128 $10% 10% $23%. 23 325 300 $16% 16 380 ©6325 30% 30% -- % 99% 100 This Week-------- 1968 High Low Close Ch'ge High Low 37% 26% 21% 15% 58% 48% 21% 16% 2% 8% 32 53 19 49% 2 67% 4614" 8 5M 1% 7% 9! 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