Oshawa Times (1958-), 8 Aug 1962, p. 20

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SOCRED LEADERS CONFER During a brief stopover in Edmonton, Deputy National Leader of the Social Credit party Real Caouette conferred with National Leader Robert N. Thompson. The fiery Que- bec Creditiste, en route home after a west coast visit, told a Social Credit rally in Edmon- ton that the 26 members elect- TORONTO (CP)--The Ontario government is planning an in- vestigation to find out whether companies are trying to avoid a provincial sales tax of three per cent by buying outside the province. : Treasurer Allan said Tuesday his staff is in the process of appointing auditors to check on companies. His announcement came in an interview after it was learned .|said methods of collecting the that methods of collecting sales Ontario Probe Checks Sales Tax Avoidance tax was one of the maip topics) Monday at the third provincial premiers' conference in Vic- toria. Premier Lesage of Quebec, chairman of the conference, tax from persons who avoid it-- such as by crossing provincial borders to purchase merchan- dise and then having merchants ship it to them--occupied much of one of the opening-day ses- sions. TORONTO (CP)--The stock market milled about in aimless fashion Tuesday, wavering be- tween gains and losses before pulling slightly ahead near the close. A spark of interest was pro- vided by an unusually high number of special-size transac- tions. Included in this list were $50,000 Canadian Breweries at $9.25 a share; 50,000 Dominion Stores at $12.50; 10,000 Abitibi at $34.50; 36,000 Woodward) Stores at $13.25 and 4,000 Atlas Steel at $34.60. In the main list, Canadian Oil continued trading heavily, fol- lowing a purchase offer from Shell Oil of Canada. Canadian closed at 37%, a gain of 5. ed by the party June 18 in| Superior Propane, which Quebec, aid its supporters, |closed Friday at 19--its high) "believe in national unity and |since being issued in 1954--| we agree Bob Thompson is |Slipped %4. : our leader'. (CP Wirephoto) Elsewhere among industrials, BUSINESS SPOTLIGHT 2 New Europes Trend Explored By FORBES RHUDE Canadian Press Business Editor Suggestions of "two new Eu- ropes" were heard at last week's conference of the Cana- dian Institute on Public Af- fairs, whose topic was The New) Europe. cy The "new Europe" under dis-; cussion was that of the present) six Common Market. countries,| with the implication that mos t west trade was expressed by Viadimir Velebit, the Yugosla- vian who is executive secretary of the United Nations Economic Commission for Europe. However, he saw little possi- bility of a fast increase in vol- ume. "But," he added, "we are trying to seize any opportunity hat may lead to an easing of the situation." jadvance of one - quarter cent Tuesday, reflects a diminished | Shawinigan climbed ,% Algoma |Steel and Interprovincial Pipe High Price Offer |tins ) seh are ean For U.S. Silver llosers, Moore Corporation was {down 5§. NEW YORK (AP)--A New| On index, industrials rase .58 York dealer and fabricator of|t® 544.27 and golds .26 to 96.72. silver quoted a price of $1.0514| Base metals slipped .16 to 186.40 an ounce Tuesday, the highest/and western oils .46 to 103.63. in 42 yea. : _-- }Volume was 2,062,000 shares The price, which includés an| compared with 1,723,000 Friday. : Among base metals, Falcon- NET EARNINGS supply of the metal and absorp- tion by industry of large quan- Aimless Market |Trading Tuesday tities of world supplies. At London, the price ad- vanced to 89% pence, also a 42- year high. The previous peak was 89 pence, set June 26. London prices now are gen- érally in line with New York By THE CANADIAN PRESS Bulolo Gold Dredging Ltd., year ended May 31: 1962, $462,- 000; 1961, $495,000. Canadian Homestead Oils Ltd., year ended May 31: 1962, quotations, $11,512; 1961, net loss $620,437. While Mr. Allan said Ontario had "no proof' that ducking the tax was a "widespread prac- tice," Quebec sources estimated that province loses "several millions" a year. BLAMES LOOPHOLE An official in the Quebec de- partment of revenue said both individuals and companies use the loophole to avoid the sales tax of four per cent. In some municipalities another two per cent is added for municipal bridge advanced %4 and Inter- national Nickel %, while Deni- purposes, Both provinces use the same method of collection --the merchant is responsible for col- lecting the tax and turning it over to the government. The Quebec spokesman said the problem is that there is no control between provinces, but another. said the premiers "seem to be aiming at an inter- son supped 4%, Noranda %4 and Hudson Bay Mining 1%. Specula-| tives saw Lake Dufault decline) 25 cents to $4.80. | | Listings Cut After Curb Section Gone TORONTO (CP)--Shares of 20 companies have been re-| moved from the trading list of|three large retail firms urged ajim ut the Toronto Stock Exchange/federal retail sales tax to end |tnterprov Int Stl P Inv Syn A Jockey C with elimination of the ex-| change's curb section. | The curb stocks consisted of a diminishing number of issues} which either did not qualify for) full listing or never. applied for} it. | Companies removed from| trading Tuesday are: Andian| National Corporation Ltd.; An-| glo-Canadian Pulp and Paper) Mills Ltd.; Anglo-Newfoundland| Development Co. Ltd.; Asbestos) Corporation Ltd.; Bulolo Gold Dredging Ltd; Canadian Bronze Co. Ltd.; Dalhousie Oil Co. Ltd.; De Havilland Aircraft of Canada Ltd.; Dominion Glass} Co. Ltd.; Dominion Oilcloth and Linoleum Co, Ltd.; Gaspe Cop- per Mines Ltd.; International Paper Company; Loblaw Inc.; Minnesota and Ontario Paner Company; Ogilvie Flour Mills Co, Ltd., preferred shares; Pend Oreille Mines and Metals Company; Price Brothers and} Sangamo Co. Ltd.;| Co. Ltd.; Southwest Petroleum Co. Ltd.; and Zellers Ltd. the provinces would each other's laws." Mr. Allan said that month we receive sizeable rev- enue from people who have goods shipped in from outside}; the province." 'Quebec has had sales tax for a number of years and has been able to establish whether there, are many attempts to evade it. |; We will know the situation in Hard Carp Imp Oil Onario once our auditors re- port." Ontario's sales tax was intro-| duced last September. police a In Toronto, the executives of|; the confusion now created by the separate provincial sales taxes, The federal government al- ready levies an 11-per-cent sales tax at the manufacturers' level, ut none on the retail level. UK. Ford Plant Idled by Wildcat LONDON (Reuters)--A_ wild- cat strike at the Ford Auto plant in suburban Dagenham-- idle--ended today with the re- turn to work of the 335 strik- ers, The men walked out last week in protest over the transfer of some 60 workers from one sec- tion of the factory to another. Both the company and the un- ion condemned the strike, bu 'he men stayed out for four day: last week, bringing a lrage sec tion of the Ford productior lines to a halt, Abitibi Atl Sugar Alta Dis vt Alta Gas Alta BC Sug pr 210 BC BC Ph 6 pr Burns Caboi Cal Pow Can Cem Cl Fadry Cdn Brew '4 Chem w provincial agreement whereby |C4 respect " " a every! Con Paper Con Dom Stores Fleetwood Ford Cda Goodyear pr GL Power C L Pow w 300 Gr Wpg vt I Imp Tob pr 560 Kelly wts Labatt Levy LobCo A LobCo A w 900 LobCo 5 LobG 1 pr LobG MB PR M Leaf Mill 100 Mass-F Mex LP Moore Nat Drug Nat Dr pr Noranda "1 NO NGas which last week made 6,000 men}ocean Cem [Oshawa A Overland Ogilvie QN Gas pr Today's Stock INDUSTRIALS 11 Net Sales High Low a.m, Ch'ge 45% --% Sotck 140 $45% 45% Gas Alta Gas w 7 Alumini Arg C P pr Atlas Steel Bank Mont Beil Phone Bowat pr razil 720 136 Phone 300 $50 49% 50 15 $104%4 104% 104% 4 38% 8% 8% 150 150 150 150 $21% 21% 21% 59 $26 «626 z10 865 50 420 250 125 $33 Collieries FBks A $17% 20 245 $38% 650 520 894 200 500 17% Gas S74 7 17 m Tar 'alcon 69 25) $i4% 43 $18% 18% 18% 733 «6730 . 730 29) $13 200 35% 300 $12% Smith pr 100 $42 133 $43% $13% S5%-- $2044 87% $66% Hardee my Tob 560 5% 709 295 762 100 283 25 325 25 260 1900 75 250 525 ngersoll nt Nickel 7™% 66% 7™% $7 $74% 120 $51% 51% 51 300 «300 «6300 60 57 «657 205 205 205 74% 74% 120 120 % Jock wts 200 $7% 140 $8: ™% 1% 140 140 8% 8% 29% 30% 18% 12 10% ul 45 16% 16% 29% 16% B 225 130 pr 100 1100 a $2944 $30% $18% $12 $10% B 12 250 10% $11 $45% $1646 $16% $29% $16% $10 10 $25% 25 25 450°--450 450 $444 4% 4% $19 «619 $54% 54% 465 465 2% 68 $6% 5 $684 $15% $41 $254 5 $10% $29% $11 $1% $545 16% 16% Page Hers Pow Corp QN Gas QN Gas w Rothman Royal Bank Russell thaw A pr simpsons later Steel Southam it Pav Steel Can Tor Dom Bk 9% d- dividend, rights, xw--Ex-warrants. Net change is from previous board-lot closing sale.) + a % 20 «20 3 Bh $12% 12% 12% --% $174 17% 17% -- % Si9% 494 49% 4% $18% 185% 18% -- %/C 25 $4604 159% 15044-- %/C 43 -1 20% 204 + % 65% --1%| $39% 39% 39% + 64 7 --1 -3 --5 $12% 12% 1%--% $1254 12% 12% +% 5 29% 30% -- % 18% 11 --% 45 29% + %& 16% + % +h" Mi Pac Pete Place Ranger South U Stanwell Tidal | Cal Coch Will C Mosher C Norihid Conwest Coprand Coulee Deer Horn D'Eldona Denison Dicknsn Dome Duraine Duvan Delhi Pac Fatima Giant YK 0 Joutel Kerr Add L Dufault L Osu Langis Latin Am Lorado Madsen Malartie Man Bar Maritime Martin McIntyre McKen Merrill Meta Uran Min Ore New Ath New Bid N Kelore Newnor Paramaq Pax Int Pee Expl Perron Pick Crow. Placer Quemont Raglan Ryanor San Ant 300 $11% t Stock Sales High Low a.m. Ch'ge 825 $13% 13% 13% 140 317% 1 = 358 wee aa5teg Est. sesghsaus 3 S88 282 1000 22 2316 $14% 500 66 500 133 133 133 il 2% 500 163 n 16 $10% 10 490 262 2000 «26 200 200 2000 2000 500 300 700 120 750 500 2700 125 35% 21% 8 $50% 00 90 500 200 900 1000 000 1500 300 500 500 500 3000 105 23 163 ttel+ iW Seher essex < 2 2 +% 14% 4W%--% 6 6 --2 +15 --1 +% --2 ae 3 +2 28 1 950 65 ss +4 +10 -1 --10 25 125 35 3544+ % 21 62 +1 8 8 --% $10%e 10% 10% 460 455 455 + 220 50% 50% 9 90 7a 7 65 920 480 66000 23% 22% 23 1200 2000 1000 Market 1 Net 355 186 410 1800 54 100 Be.nesse888 175 189 7 2B he me 3 a ensase.nesse8s2 gus gtlseseeeviie Sales to 11 a.m.: 735,000, Lawyer Faces Assault Trial ORILLIA (CP)--A Metropoli- tan Toronto police morality of- ficer says the intervention of a lawyer could hamper police 25 | questioning a potential witness. Testifying at the trial of Ger- ald Kelly, 36, an Orillia lawyer charged with obstructing and assaulting a policeman, Detec. tive-Sergeant William Quennell said Tuescsy that Kelly struck him, cutting his face, after he -revented Kelly from taking his client from the police station July 25. Kelly's client, a 20-year-old girl, was being interviewed as a potential Crown witness in an abortion case after being inves- tigated by Metro and Pickering Township police. Police witnesses testified Kelly tried to force his way into the interrogation room and used abusive language. Kelly said he went to the po- lice station, but was forcibly prevented from entering the in- terrogation room by Sgt. Quen- nell. In the resulting scuffle he fell to the floor but did not strike the officer, unless it was inadvertently, he said. BOUT ARRANGED LONDON (AP) -- Jack Solo- mons, British boxing promoter, said Tuesday he has arranged for a fight here between Ralph Dupas of New Orleans and Brian Curvis, British welter- weight champion, Sept. 11. Ru- pas is No. 2 world welterweight contender. Curvis, a 25-year-old Welshman, is No. 5. TEACH CRAFTS Nova Scotia and New Bruns- wick each have a full-time di- rector and staff to guide the teaching of handicrafts in those provinces. oher Western European coun- tries will find an association of some kind with the present six. The other 'new Europe" would be that of countries in the Soviet bloc, with Yugoslavia also probably regarded as part of it. Suggestions that current em- phasis on the Europe of the Common Market overlooks dy- namic developments elsewhere, came especially from spokes- men from Yugoslavia and Po- land, but Western spokesmen agreed that the Europe of the Six is only part of the story. LOW TO START Little hope was expressed, however, that there will be any great expansion of trade be- tween the two Europes for some time to come. Even the growth of recent years was one from an abnormally low level set by the Soviet in the early post-war years. Western spokesmen said trade won't grow until Russia wants it to grow and this appears un- likely under present cold war attitudes. For the present, the effect of the Common Marke probably will be to make the division between the two Eu- ropes more distinct. At last week's conference of the Canadian Institute on Public Affairs, most optimism for east- Wheat Crop Below 10-Year Average CHATHAM (CP)--A province- wide yield of 14,000,000 bushels of 1962 winter wheat, below the 10-year average of 18,500,000 bushels, is expected by the Ontario Wheat Producers' Mar- keting Board. Otis MacGregor, assistant sec-| retary-manager of the board,| said Tuesday a winter kill of 23 per cent and a severe dry period last fall are to blame. He said the winter kill in Kent, Essex and Lambton coun- ties, where much of the wheat is grown, averaged 30 per cent, with a high on some farms of 50 per cent. Winter kill in Huron, Perth, Waterloo and Wellington was 15 per cent. "The rest of Ontario's wheat crops came through . . . fairly well," Mr: MacGregor said. DIVIDENDS By THE CANADIAN PRESS Alberta Distillers Ltd., com- mon 5 cents, voting trust 5 cents, Sept. 6, Aug. 15. Canada Cement Company Ltd., common 25 cents, Aug. 31, Aug. 15, pfd. 32% cents, Sept. 20, Aug. 20. Canadian Tire Corporation Ltd., common 17 cents, Class A 17 cents, Sept. 1, Aug. 17. General Motors Corporation, 50 cents, Sept. 10, Aug. 16. . |. Kerr Addison Gold Mines -Ltd., 20 cents, Sept. 20, Aug. * 31 ; International Nickel Company A ERNEPS ER" ePID WALKERS VALUE-PACRED URPRISE-PRICE And what a surprise it will be to see the great array of superb values that are available now. The Walker Girl says "It's the Girl's coat buy of the season". Shop early on Walker's lay-away p.. selecti of pre advantage of this wide (B) Sizes 4-6x in Red or Brown (A) Sizes 4-6x Black or Red Watch Plaid (A) Plaid all-wool princess style coat, piped in velveteen, with pear! but- ton closing, matching roller hat. (C) A-tine coat of Elysian wool with ring style Mouton® collar, Warm quilt lining and Add-A-Size hem. (B) Coachman style coot of Elysian wool, cosy full tartan lining. Add- A-Size hem and, stitched roller hat to match. (D) Dropped shoulder coat in wool sealskin, Cuddley show! style Mouton® collar plus quilt lining. (&) Fully pile lined, all-wool sealskin coat has fringed scarf:tie, gored back interest (*dyed, sheared, processed lamb) (D) Sizes 7-14 in Gold or Willow (C) Sizes 8-14 in Red or Brown ' (©) Sizes 7-14 in Red, Green and Seal Blue WALKER'S OSHAWA SHOPPING CENTRE 728-4626 of Canada Ltd., 40 cents (U.S.), 'Sept. 20, Aug. 21. » Maher Shoes Ltd., 30 cents, * Sept. 10, Aug. 10. | Placer Developments Ltd., 25 -eents, Sept. 21, Aug. 31.

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