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14 THE OSHAWA TIMES, Tuesday, July 24, 1962 BIRTHS DEARBORN --- Barry would like to announce the arrival of his baby bro- ther, Charlies Frederick (Chuckie) 6 Ibs. 7 os., on Monday, July '23, 1962, at Oshawa General Hospital. Proud par- ents are Fred and Donna (nee Glover). FERGUSON -- Dennis and Janet Whittington) are pleased to an- nounce the birth of a son, William 'Todd, 7 ibs. 7 ozs., on Tuesday, July 4, 1962, at Oshawa General Hospital. 4 brother for Jimmy, GAMBELL -- Stan and Barbara wish to' announce the arrival of a daugh- ter, Cynthia Louise, 6 Ibs. 2 ozs., on Thursday, July 19, 1962, at Oshawa Gen- eral Hospital. A sister for Sharon ard Tracy. Thanks to Dr. Anderson. MOORES -- Bruce and Grace (nee Zwicker) announce a baby girl, Monica Lyn, 7 lbs 7 ozs., Oshawa General Hospital, Wednesday, Jely 18, 1962. Thanks to Dr. A. E. King and staff of 4B ZEDIC -- John and Doris wish to an- nounce the arrival of a baby daughter, 7 lbs. 14 ozs., on Sunday, July 22, 1962, at Oshawa General Hospital, Elizabeth Ann, Thanks to Dr, Maroosis, Dr. Miller; and Dr. MacKay. First grandchild of Mr. and Mrs. Roy Corbnan and. Mr. and Mrs. Fred Zedic, Oshawa, and first great granddaughter of Mrs, Rose Pearn; also first great great grand- daughter of Mr. Wm, Pearn Sr, 8ON, Daughter, Twins or Triplets, you will want to tell the whole town about the latest arrival in your home. nouncements are accepted until a.m. for publication the same day for only $1.50. Just telephone 723-3492. the safe arrival of) | BUSINESS SPOTLIGHT : | DIVIDENDS | By THE CANADIAN PRESS | Brown Company, common 10 | By FORBES RHUDE \Canadian Press Business Editor! | The. international Shell or- ganization which has made a bid to purchase Canadian Oi)' Companies Ltd., is a vast and \intricate organization. | Canadians know it. chiefly through Shell Oi! Company of | Canada Ltd. and the current bid iis being made by a _ wholly-) jowned subsidiary of Shell of) (Canada ---the recently-incorp- }orated Hesper Oil Co, Ltd. | However, the offer of $114,- 000,000 presumably sends some lripples through' other parts of the Shell set-up. Internationally, the organiza- tion is commonly known as the Royal Dutch-Sheel Group, but ithis is only a name of conven-' Aes ience to encompass the world- wide operations. Unless there have been recent changes, the corporate structure runs about DEATHS 'as follows: At the head are two compan- ies. They are the Dutch N. V. MARACLE, Thomas Entered into rest in the family resi- dence, 317 Celina Street, Oshawa, Monday, July 23, 1962 ,Thomas Maracle beloved husband of Sarah Maracle in his 62nd year. Resting at the Armstrong Funeral Home with memorial! service in the Chapel, Wednesday, July 25, at 2 p.m. Interment Mount Lawn Ceme- tery. SLAGHT, Robert Charles on Koninklijke Nederlandsche Pe- troleum Maatschappi or, in English, the Royal Dutch Pe- jtroleum Company; and The \Shell" Transport and Trading Co. Ltd., a British company. /These two are simply holding companies and have no opera- tions. Suddenly as the result of an accident on Monday, July 23, 1962. Robert Slaght, of 5 Southway Drive, Bowman- ville, beloved son of Mr. and Mrs. Wil- LIST HOLDINGS | Their holdings consist mainiy liam T. Slaught, and dear brother of/0f the shares of .two principal William George. Resting at the North- cutt and Smith Funeral Home, 53 Divi- 2) sion Street North, Funeral service o'clock, Wednesday afternoon, Inter- ment Bowmanville Cemetery =" LOCKE'S FLORIST _ and all Funeral arrangement floral requirements for occasions OSHAWA SHOPPING CENTRE 24 HOUR PHONE SERVICE eee 728-6555 : Toe GERROW FUNERAL CHAPEL Kindness beyond price yet within reach of all, 728-6226 390 KING STREET WEST IN MEMORIAM |Group companies--Bataafse Pe- troleum Maatschappij (Batavia Petroleum Company), and Shell Petroleum Co Ltd. Royal Dutch holds 60 per cent of the shares lof these two companies and "Shell" Transport 40 per cent. Bataafse Petroleum and Shell |Petroleum, in turn, own shares jdirectly or indirectly, in more ithan 500 companies engaged in {the oil and chemical industries around the world. Included in Bataafse Petrol- jeum's holdings is Canadian Shell Ltd. Canadian Shell, not to be con- |fused with Shell Oil Company lof Canada Ltd., was formed -in {1953 and is the holding company lfor the bulk of Shell western hemisphere interests. It occu-| 196 WILLOUGHBY -- In loving memory of -a dear husband and father, George Willoughby, who passed away July 24, 1961 There is a family who misses you, And finds time long since you went, We think of you daily and hourly But try to be brave and content. Tears that we shed are in silence, And we breathe a sigh of 'regret, For you were ours, and we remem- ber Though all the world forget. "Lovingly remembered and sadly missed by wife Martha, and children. CARD OF THANKS WARING ~-- May I be permitted to express appreciation for the cards, floral tributes and other gifts receiv- ed my sojourn at the Oshawa General Hospital. My thanks go out to the staff, Dr. 0. G. Mills, members ef Sunshine Lodge and another group ef triends. ~--Hazel M. Waring Ford's Income Reported Up This Year OAKVILLE, Ont, (CP)--Ford Motor Company of Canada Ltd. had consolidated net income in the six months ended June 30 of $20,100,000 or $12.15 a share, compared with $8,200,000 and $4.95 in the same period last year; The earnings fpr the period are the highest in the company's history. The previous record first-half earnings were $15,300,- 000 in 1959. Sales were $329,000,000 com- pared with $266,000,000 in the corresponding period of 1961. Net income from Canadian operations was $13,100,000 com- pared with $5,600,000 and from overseas operations $7,000,000 compared with $2,600,000. Ford and Mercury dealers in Canada, the company adds, sold 76,937 Canadian-built cars and trucks in the first six months, an increase of more than 25 per cent over the same period last} year. Chief source of overseas earnings was the sub-| in Australia} sidiary company where, the company comments, automotive market activity was accelerated following removal of credit restrictions and sub- stantial decreases in the sales tax. CANADIANS VISIT PORTSMOUTH, England (CP)--Five frigates of the 9th Canadian escort squadron docked here for a five-day visi! early in Muly. The ships, carry- ing 125 university naval cadets on a training cruise, were due back in Halifax July 28. SCOTTISH WHEAT AYR, Scotland (CP)--A firm here has produced the first new variety of wheat bred in Scot- Jand. Ayr Challenge, as it, is known, is expected to compete with European varieties in the British market LABOR CENTRES The first public employment bureau in England was opened in 1855 and a national system was formed in 1909, increased | | } Shell Oil Firm Setup Explained {i Hcem i jcents, Sept. 1, record Aug. 3. Cochrane - Dunlop Hardware July 31. J. Freiman Ltd., /$1.12%, Aug. 1, record July record A. pfd. 27. 20 Stock Market Suffers 7th STRUCTURE COMPLICATED Setback Canadian Shell owns 50 per) TORONTO (CP) -- The stock cent of Shell of Canada and the; market suffered its seventh con- other 50 per cent is held by) secutive setback during moder- Shell Oil Company, New York,' ate trading Monday. the American operating com-| Canadian Oil Companies was pany. However, in the very|the favorite among traders as complicated corporate structure it rose 1 %to 34% on a leading Canadian Shell probably has share turnover of 12,524. The about an 83-per-cent interest in|stock began to move following Shell of Canada. In this set-up|a weekend offer by Shell. Oil the line of ownership has been: | of gs eI ahr ina the od Canadian Shell owns . Shell|P2"y through a subsidiary, (es- Caribbean Petroleum Company,|e" Oil Co. Ltd., for $114,000,- New York; Shell Caribbean owns 65 per cent of Shell Oil) Company, New York; Shell Oil, New York, owns 50 per cent of of the day. 1% 40 49. Shell of Canada. ; : ite _| Elsewhere on the industrial Shares of the two companies poard Atlas Steel, last week's at the top of the pyramid--\pi> gainer, dropped 1 and Min- Royal Dutch and "Shell" Trans-\nesota and Ontario Paper 1%. port--are widely held interna-\Ganadian General tionally and are traded on stock was down 1 exchanges in London, New York Achphu hate snetale "Tatin f am, Brussels, Paris, ,* 7 2 ee: er oe 2 "ihsaies eo American, a junior producer, year or so ago indicated that gg aati peti eater as of the two companies, British!*t ova ' pre ~ th posters geal og ing cathe te keottih Interna: pricans rent; a teh! ; 5, ' Generis th par cok . es tional Nickel climbed 1, Craig- OA os ,..|mont % and Falconbridge 4% Shares of Shell Oil, New York) coig issues had a bad day with outside those held by Shell in- Dome down 134, Kerr-Addison terests, are traded on, Ameri-)5, | al 7 aN nestor can stock exchanges, tT te 'ateo 2 cents' and Giant Yellowknife planned to list shares of Shell og Oil Company of Canada on Ca- nadian exchanges. pies the same head office build-, ing in Toronto as Shell of Can- ada but its operations and of- fice space are entirely separate and its relations with Shell of Canada are the same as with any other western hemisphere, company. Power Corporation, which has a large interest in Canadian Oil, registered the biggest gain Lake Dufault was cents to $4.40 a share, Violama Annual sales and operating in-| ¥25 down 19 cents to $1.74. come of the entire Shell world On index, industrials declined group total more than $7,000,-1.65 to 522.35, golds 1.59 to 00,000. In the last 10 years the|101.91 and base metals .52 to group has invested more than 181.11. Western oils were ahead $300,000,000 in Canada, 40 to 94. volume was ahead 25 c 2,240,000 shares compared with NET EARNINGS ~~ -- REALLY MODERN 2,569,000 'Friday By THE CANADIAN PRESS | A new _ $15,000,000 railway Ford Motor Company of Can- freight marshalling ya rd at ada Ltd., 6 mos. ended June 30:|Moncton, N.B., has an elec- 1962, $20,100,000, $12.15 a share; |tronic brain, closed TV circuit) 1, $8,200,000, $4.95. jand radar to control traffic. Lid., Class A 20 cents, Aug. 15,| Investment | Ballot Recount | AtStormont -- Confirms Vote | | CORNWALL (CP) -- An of-) ficial count of ballots cast in' ithe Stormont federal election) |June 18 confirms Liberal can-| ididate Lucien Lamoureux as! winner by a margin of 65 votes in some 25,000 cast. The official check left totals the four candidates the jsame as those announced fol- 'lowing an unofficial tally last week. | Returning Officer Alphonse Charron gave the official re- |sults Monday as: Irs. Marjorie Ball, NDP, (944; Grant Campbell, Progres- sive Conservative, 11,298; Mr. Lamoureux, 11,363; Mel Rowat, Social Credit, 1,254. | A total of 237 of the 25,096 'ballots cast. were rejected as | spoiled, | The election \for sa in the eastern Ontario constituency was de-'° lferred from the general elec-ic | tion date June 18 because of the ~ the original Liberal c |death of | candidate, | Mr. Lamoureux, 41-year-old \lawyer, was chosen to replace him and seek fo win the seat away from Mr, Campbell. The result left the standing in , the House of Commons: Con- ¢; servatives 116, Liberals 100, So- cial Credit 30, NDP 18, vacant sa Mr. Campbell said he may seek a recount. He has until |midnight Friday to make the request. s Production Up s During May OTTAWA (CP) -- Paced by the steel and auto industries, Canada's industrial production rose by nearly one per cent dur- ing May, the bureau of statis-| tics reported today. | The index of industrial pro- duction, adjusted to offset sea- sonal variations, rose to 185.5 from April's revised level of 184. The index, based on 1949 output levals equalling 100, was) ~|12 per cent above the January,}. 1961, low of 165.6. Largest part of the rise was due to increased manufacturing output, for which the index rose ito 163.7 from 162.7. The durable goods index jumped to 162.4 from 160.7,! =~ Today's Stock Market Listings iNet High Low a.m. Ch'ge 393% 20 20 59% 594 37% TORONTO 11 AM, STOCKS | By The Canadian Press j Toronto Stock Exchange--July %4 (Quotations in cents unless marked $ z---Odd lot, xd--Ex-dividend, xr--Ex-} rights, xw---Ex-warrants. Net change is; from previous board-lot closing sale.) INDUSTRIALS High Low a.m. Ch'ge $154a 15% 15% Stock Imp Oi Ind Accep Int Nickel Int Util Inter PL Int SU P Jickey C Kelly DA Labatt 3 LOnt Cem vy 2 Bales wil5 4800 760 720 129 300 Stock Agnew-S 2104 Alta Gas 169 Alta Gas w 300 Algoma 100 $ Alumini 76 Alum Ipr 100 Alum 2pr 720 Argus 125 Arg C pr 1000 Argus 260 pr 100 Atlas Steel 4010 Bank Mont 106 Bank NS 240 Beatty N 100 Bell Phone 604 Bow 5% pr 210 Bow-M pr 25 BC Forest 100 $10% BC Pow 455 $15% BC Ph 5% pr 208 Bruck B 100 Build Prod Bullochs B Cal Pow Sales 38% 20% 2144 ry 8 hd 49% 34% 52% + 59% ~ 85% 49% 50 49% 10% -- 4 Met Stores p 730 Molson B 150 Molson pr 4| Mon Foods Moore 4 N Groce pr Noranda n 5 NW Util pr Page-Hers QN Gas QN Gas w Royal Bank Russell 85a 434 --% 27% $49% 29th -- Ve $50 $49%4 10244 nee) StL Cem A | Salada Salada wts Seven Aris Saawin Shawin A Simpsons 4 Slater Steel Steel Can a S Propane Suptest ord Switson Tor-Dom Bk Tor Star pr Tower T Fin A T Fin A rts Tr Can PL Trans-Mt Trans PPL n 22 Un Gas Vendomat Walk GW 4 WCoast vt Weston A Weston B Woodwd Curb Lob Ine 725 298 350 L 1% 90 5 500 400 $1 1065 27 $ z5 720 755 825 500 300 139 21% 291 125 100 110 785 220 150 300 100 225 400 } Collieries > Dredge >: Gas Inw Con MS Cons Paper Con Gas Corby vt Craig Bit Crush Int Dist Seag Dofasco Dom Stores Dom Tar Dom. Text Du Pont Falcon Fleet Mig Ford Cda Gatineau G L Power GNGas w ' ' - C Delhi GN G Bw 4 5 |C High Cr Guar Tr 4 %\Cent Del Hardee Dev-Pal Hawker-S Dome Pete 4 130 $12% 105 $10% OILS 200 715 200 $20 500 5% 300 650 1300 300 500 1650 26068 100 Winter Wheat Crop Lower This Year OTTAWA (CP) -- The On- tario winter wheat crop is mated at 14,000,000 bushels, {west T $12% $17 Bailey S A Bailey S pr | Bata |Cal Ed CS Pete C Chieftn $21 280 115 290 15% 540 56 980 280 114 290 1514 --3 +3 +5 % 290 15% 535 540 52 84 980 980 20 +8 700 +7 GREAT UNIVERSITY Harvard University, the first college in New England, opened at Cambridge, Mass., in 1638 mainly on the strength of a two-per-cent gain in iron and steel and a four-per-cent rise in transportation equipment. Motor vehicle output rose 10 per cent and primary iron and steel production was up -nine per cent. 6,000,000 fewer than last year The index of mining output|due to winter kill, the agricul- advanced to 289.4 from 287.3. 'tural department said Monday oh 3 m™ IN THE WORLD OF OUTSTANDING ECONOMY: THE EXCITING NEW VICTOR SERIES! Vauxhall supplies the best in both motoring world 4iPac Pete 23% + 41 | 4 | Chester Dicknsn *) Duvan 11 Nes High Low a.m. Ch'ge 50 il 945 435 272 395 40 110 900 150 10 600 190 13 355 21 ! it Net | Stick Bales High Low a.m, Ch'ge | Glacier 500 2020 --% Gr Plains 100 $10 10 |Home A 100 Home B 252 H B OU G 24 Midcon 2000 | Mill City 1000 N Davies 4500 Sales 9200 Steck Jacobus |\Jaye Expl Kerr Add \L Dufault La Luz Lamaque Langis Latin Am | Leitch | Lencourt |LL Lac Lorado Macassa 23 ll*+ % 10 13% +1 3 23 11% 11% 10 10 13% 13% 10% 10% $134e 13% 2 25 Northid | Okalta | Permo Quonto Sarcee 'Secur Free South U Triad Oil Yan Can Marcon } Maritime Martin Mcintyre Agnico | MeKen Akaitche Alba Expl )Anacon } Ansil Area |A Arcadia Atl C Cop Aumacho Aunor | Bankfield | Barnat Black Bay Bralorne \Camp Chib Camp RL CT Nickel MS § --35 | Nirlartic 355 | 17% 175 120 140 7 360 $17% 175 120 140 7 22 505 125 95 42 280 aA 500 11% 7 Ormsby Osiski Pamour |Pax Int | Peerless Pick Crow Quemont | Radiore Raglan Rio Algom Ryanor San Ant Saerritt Sigma Siscoe Steep R 2 | Sullivan Sunburst | Teck-H | Tormont U Mining Un Fort " Upp Can Vespar Violam Willroy | Wilstey |Wr Harg ,|Yk Bear "| Zenmac Curb Yukin Con Cent Pore 'Coch 'Will C_ Discov Marcus Morrison Mosher Cc Northid Conwest Cop Corp | Crowpat Delhi Pac Denison c ic 2500 c 2900 1000 400 1000 1100 2100 275 3200 729 1000 2400 200 100 500 800 200 2000 Dome East Mal East Sull Elder 3467 2000 5500 944 32200 425 2000 150 6600 3500 (Fatima Geco Mines Genex Giant YK 1025 Goldale 2000 Hard Rock 6000 | Hastings 5 H of Lake 11 | Hollinger Hud Bay Hydra Ex Inspiratn jfron Bay J Waite 500 000 180 50 500 1000 1000 1000 | ~ ~3 wf | 3 642g | «Sales to it } support-price lev-|as last year and is 86 per cent lin announcing : of the 10-year price average of els equal to 1961. Winter wheat marketed be-| $1.62. : tween last July 1 and June 30,| Farmers would get a defi- 1963, will be supported at $1.39 ciency payment if their average a bushel on track for grade 'No. price over the year falls below 2 Canadian eastern or better. |$1.39 a bushel. The payment The announcement said im.| Would be the difference betwen proved prices for wheat and|th yearly average and the sup- feed grains are expected to Port Price. : bring producers higher returns) iper bushel than last year, es-| ANCIENT PORT |peially in view of the reduced; Memel, the Baltic port In yield. | Lithuania, was established in | The floor price is the same! 1252. 4 B33 IN THE WORLD OF LOW-COST LUXURY: VAUXHALL"S VELOX AND CRESTA! Vauxhall's prestige 6-cylinder twosome -- the Vauxhall's new Victor gives you economy coming and going! For here is a car that offers you so much more in beautiful styling and in money-saving features! When you drive it, you discover the penny-wise economy of Victor's spunky 4-cylinder engine . . . the increased efficiency of Victor's im- VICTO V-1762A | proved power-to-weight ratio... maintenance cut toa minimum witha 12,000 mile lube interval (after your first 2,000 miles.) And Victor values were never better! Have a value talk with your Vauxhall dealer soon. Vauxhall Nictor De Luxe Sedan Illus. Above STANDARD - SUPER DELUXE - ESTATE WAGON brilliant Velox and the elegant Cresta--delight you with many appointments found usually on cars costing very much more! Such pleasantries as genuine leather upholstery in the Cresta; wide, pull-down centre arm rest for the rear passengers; a walnut grain finish to the instrument panel; deep pile carpets, And, of course, Vauxhall's own special blend of sleek styling, high perform ance, and modest price. Why not try out a littl luxury at your Vauxhall dealer's? Vauxhall Cresta Sedan Tilus. Abs VELOX and CREST. | THE CLIFF MILLS MOTORS LIMITED 266 KING ST. WEST, OSHAWA, ONTARIO PHONE 723-4364 WHITBY MOTORS LIMITED WHITBY, ONTARIO |