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SAN AR AY RE -- a ------ 988 2 Today's Stock Market Listings ts 11:00 Net Sales High Low a.m, Ch'ge | TORONTO 11 A.M, STOCKS" INDUSTRIALS "-- High Low cae eas ow b LEH ou SkehstSebsusseds tag PE 38 o o $ eee e 5 3 a oko fptinn she SesCBEbSegsteebasd 6 3% + % 25 +10 a -- % 180 58% -- Ve 12 56 22 + 33% 16 2 eaannaana 5 3 F at <5 --~% 8 aT fos 43 1644 -- Se 344+ % 124 17 +% 34% BH+ he i £1 ef tnt i se¥eessubee i 3 $464 4|MB and PR Mass-F 3: 11_Net Sales High Low a.m. Ch'ge 190 $45 45045 90 $28% 28 24 +% GMC zlS $59 459 «(59 GS Wares 100 $8 8 G kL Pow w 210.775 (775 GNGas w 1810 125 12 Gr Wpg S6w 100 275 275 @ 250 $16% 164 $123 12 $43% 435 $13% 13% 370 Stock Ford US Gatineau 8 715 125 «+8 +! Stock Weston A 785 $i4%e 14% 14% Wood J A Ye 38% Alminex -3 | Bailey S A Cal E +10 +3 +1 99 bad 8% 84+ % M Ve } 0 Milt Brick 5 Molson A 4 Molson B Moore Nat Drug Noranda NO NGas Page-Hers Poina PC Jewel | Phantom | R-Nodwell Rolland A Royal Bank Royalite | Salada | Sayvette | Shawin | Sheil Oil | Simpsons | Southam |Steel Can +% " Ye Ys "% +5 + % Ye Ye) M M % 4754 200 710 675 100 7% 17) % 700 $12% Y ve 100 $16% oe ' | Trans-Mt 375 315% Trans PPL 2045 $7 + U Gas Apr 25 $54 q | }Un Steel 100 485 5 15 | Vendomat 100 405 Walk GW 400 $50% |Weoast vt 200 $13% WC Brew 300 $34% MY% W Cop wits 200 $16% 16% 4 +1 16% | NC Oils 124 98 6% 350 «335 279 «278 = 278 $11% 11% 11% + % $1) 11 ll +% $15% 15% 154+ % 2 2 2 | Majtrans 8 8 8 | Medal 264 «260 260 123 124 13% 13% Pac Pete $13% | Pamoil | Permo | Provo Gas 4 + Se) Secur Free South U Spooner Tidal Triad Oil 2550 1700 1749 106 108 2000 mh % MINES 1000 200 OM 500 49 49 49 3000 7 6% 7 500 «32 2 32 900 965 965 965 2000 33% 33° «33% 6 B 500 410 210 210 210 h ™% ™ 5 5 5 Un Oils |W Decalta | Yan Cap | Abacus Agnico Alba Expl Anacon Anglo Hur A Arcadia Bankeno Bethim Bibis Bordulae Bouzan Chester -8 -s ay Coch -Will C Halli C Mogul 1 ad | Con-Shaw 33° 32 ' +1 Conwest 4 Cop Corp | Coprand 1 a | +3 [{Craigmt 1 % | Denison -s + | Dicknss +114| Elder Frncoeur Late-Day Buying Spree On Market TORONTO (CP).-- Sluggish| action turned into brisk last hour buying on the stock mar ket Thursday. After wandering through most of the session, industrials jumped more than a point on index in the final hour, closing with a gain of almost two points. Industrials leaders included Interp ro vincial! Pipe Line, ahead #% at 77, Distillers Sea- grams, up ,% Atlas Steel and Canadian Celanese, each up 14, and Abitibi and Bell Telephone, both ahead %. Algoma Steel declined %, 4: Stockyard Trade Active This Week TORONTO (CP) -- Trading) 16-23; good heifers 24-25; choice was active and prices firm to higher and good and choice steers, heifers and yearlings at) 26.50-28; mediums 20-23.50; commons 15-20; choice fed yearings 28-30; sales to 31.50; 25-27.50; 11 Net Sales High Low a.m. Ch'ge +20.) 6, Stock L Dufault Lencourt Manoka MS Maralgo Murray M Nealon New Alger New Bid New Hosco New Jason Newnor Nickel MS Normetal | Northgate N Rank | Opemiska Orchan | Ormsby Paramaq | Pick Crow Pitch-Ore Que Lab Rio Algom Rix Athab | Siscoe Starratt | Steep R | Sullivan Taurcan femag Thom L. Tormont Tribag Trin Chib Un Buffed Un Keno Upp Can Vaure Werner Wilteey Winch Balen to 4000 6000 27 3500 1000 ony 1000 i om ~| Better Than 1% + 11% -- i 4% ~ 3 --- 1m il 1% 11% si 6 +1 t= aw 25 245 5+ $47% 47% 47% 20 30-30 35% + | without much planning or con- 61 735 30 73 39% 394 3% 470 «465 = 470 + 9 21 21 8% 8% 3... a3 33 33 18% 18% 18% 101 102 4 6+1% 4 6 76 64+ % 22 40 220 535 +5 ~1 23 500 185 38 » -- 62 + 9 i- 10% % 185 ™" ' +1 11M t 5 |sures for more and wider re-| +\) "She says one of the important] * problems fae 108 | Fifty Percent | COLUM tleven 0 leagues, BUS, f 20 and Show Increase Ohio minor 74 of (AP) 134 2 |. The system of personal tax --2%, 45 +? | something of a vicious circle baseball clubs, showed an attendance increase) this year over 1961, president George M. Trautman said t THE OSHAWA TIMES, Friday, November 2, 1962 15 NESS SPOTLIGHT | *) | 1 wu .. BY GREG MacDONALD Canadian Press Staff Writer jreliefs in Canada has grown trol into a hodge-podge, says a y\study by the Canadian Tax Foundation. The. study, by Gwyneth Me- |Gregor, a member of the Foun- dation, says that because of the importance of the personal re- lief structure and of the ten- dency to expand rather than lnarrow them, it is necessary from time to time to make a reappraisal of their form. In this, says Miss McGregor, Canada lags behind the United States and United Kingdom. "The personal reliefs produce %| within a tax system, They erode 1 lor narrow the tax base to a yw great extent; since certain amounts of revenue must be collected through the income) tax, this erosion inevitably pro-| © /duces higher tax rates, and) they in turn give rise to pres-| |. | Hefs "Then starts again, up, and so on," | of course, the circle that has to be de- every country is| , whether high tax rates on a smaller amount of taxable in-) ome has an adverse effect on) emilives to work and invest, wpared with a lower rate on) larger ineome CHThs BRAMPLE Mise MeGregor said that in tie United States it has been ealowlated that the disallowance of all personal deductions, not including exemptions, would al- low all brackets to be reduced by approximately one-fifth, so) that 50 per cent would become) 40 per cent and 80 on; or alter-| each bracket could) vided = by | o-| natively that the tax rates go d Study Raps Tax Relief Program amount of money a person has depends on his income. A per- son with twice as much 'money as another obviously then has precisely twice as much ability to pay taxes." | Miss McGegor says that un-| der a progressive system per- sonal exemptions of the kind given in Canada operates to give more dollar relief to the high bracket taxpayer. SHOWS SAVING Taking two married taxpay- ers each with. personal exemp- tions and deductions amounting to $2,600 she shows that the tax saving for the man earning $6,000 a year will be $554, while the tax payer with an income of $30,000 will save $1,300. She said a poportionate tax of 16 per cent of income would rersult in a tax saving of "ex- actly 16 percent of the exemp-| tions to both taxpayers." While Miss McGregor argues| that all exemptions and deduc-| tions should be examined to re-| move anomalies and inequities, she does not contend that the| entire system should be aban-) oned., | Most people, she says, secm| © have accepted the principle} that taxation should be based on ability to pay and the view! is widely held that the accep:-| ance of this principle leads logi-| cally to a system of personal! exemptions. | BEAT IN JAPAN | TOKYO (AP)--Tokyo Yomiuri) Giants, who tied for fourth) place in Japan's six-team Cen-| tral League, defeated Detroit Ti-} gers 3-2 Wednesday before 4?,-| 000 spectators in Korakuen Sta-| dium. It was the Tigers' first} setback on their Far Eastern) exhibition tour. | ~~ 4 fortable in a wide selection of colors and complete | {SOMETHING TO SHOUT ABOUT 1We are proud to present the Circe, the latest, smartest ond most flattering frame you will find anywhere. Superb styling coupled with a Lumea-glow, jewel-like engraved brow - piece, it } makes a shimmering contrast to the crystal low- F er rim, Extremely light in weight, delightfully com- | bad: DSi Me hes SINGLE VISION 11.95 Complete with Frames, Lenses end Cone. with lenses, it is truly a wonderful buy. 65 other styles, shapes and colors to choose from et the one low price. EYE EXAMINATION CAN BE ARRANGED BIFOCALS 17.95 Complete with Frames U.S. Trade-Mark Registered Opticians -- Over 3,000,000 Satisfied Customers 17 BOND ST. E. 2nd floor HOURS: MON. TO SAT. 9 A.M. - 5 P.M. PHONE 728-1261 OSHAWA WED. TILL 12 NOON Branches in Toronto, Homilton, London, Kitchener, Sudbury, Peterborough, Seult Ste. Marie, Niagara Falls, Orillia end 'Chatham. the Ontario public stockyards| good this week. bull's were steady. Scarce numbers of top veal- fed yearlings good cows 16-17 with sales to} Cow prices were lower andj17.50; mediums 14,50-51.50;/jteq "intensified promotional ef-| § }commons 14.14.50; canners and jcutters 9-12.50; good heavy bo- jers traded actively af strong} plain calves slow and hard to} sell. | Lamb prices were unchanged logna bulls 19-19.50; common prices with heavy numbers of|and medium light bulls 15-18,50. Replacement cattle: Good light stockers 26-28; good stock calves 28-32; common and me- Steel Company of Canada ')as hog's were slightly higher./diéms 21-25. ' and Dominion Foundries and} Cattle receipts were some 1,-/ Calves: Choice vealers 31-33; steel %. DIVIDENDS RES. CANADIAN PRESS ' Dry Dock Co. Ltd., Class A 11 cents, Dec. 15, rec- ord Nov. 23. Canadian Breweries Lid., common 10 cents, pfd. 55 cents, =. 1, record Nov. 30. eco Mines Lid., common 25 cents, Dec. 28, record Dec. 3. Interprovincial Pipe Line Company, common 75 cents plus 10 cents extra, Dec. 1, rec- ord Nov. 9. |300 head more than last week and about 500 more than the same week in 1961. Cattle re- iceipts from Western Canada were some less -than last week at 567 head. Western stock calf numbers were down 371 from last week at 867. There were 58 cattle received from New Brunswick. There were no- shipments to eastern Canadian slaughterers nor ex- ports off the market to the United States. | Slaughter cattle Choice steers 29-30; sales to 31 and a few fancy loads to 31.60; goods 128-29; di 24-27; ¢ odd tops as high as 36; goods 28-30; mediums 24-27; commons 21-24; boners 15-21. Hogs: Grade A_ 27.85-30-.90; heavy sows 20.90-21.15 with light sows gaining a two dollar premitim; stags 17.50 on a dressed weight basis. Sheep and lambs: Good handyweight lambs $19.50 per hundredweight; closing at 19; bucks discounted at one dollar per hundredweight; good heav- ies discounted at two dollar per hundredweight; common and mediums 16-18; good light sheep 8-12; yearlings 12-16; common sheep 3-7. ' Seagram's 5 Star -- Rated Best Pleasant zxxkxxx smoother kx*x*x* better-tasting kkkkk More satisfying *k*xx*x a genuinely fine whisky at a popular price zxxkk* In test after test after test* against the three leading brands in its price class, Canadians liked the taste of Seagram's 5 Star best. Have you tried this great whisky yet? If not, do so soon. See if you don't agree with the verdict of thousands of other Canadians and rate it best. "Tested under the official supervision of a leading Research Organization kakkkk SEAGRAM'S FIVE STAR CANA DIAN -RYE W HISKY day. The minor league chief cred-|¥ forts, better quality of play and a comparative improvement in|"! weather in most sections" for|® the boost. Trautman said total paid at- leagues this season, against 10,- 100,986 for 22 last year. "That represents a token de- cline of 53,418 which'actually is not a loss considering that three leagues which did not operate this year had a total attendance of 1,129,472 a year ago." The International League led the way with a paid gate of 1,567,471, up 178,811 over 1961. The Mexican League was sec- ond with 1,543,248, up 156,390, and the Pacific Coast League third with 1,067,243, a drop of 288,448 from the 1961 figure. tendance was 10,047,568 for 20;upon the nominal tax rates. hile the revenue remained the ame "Personal reliefs have a sig- ficant influence on the amount nd distribution of income liable} to tax, on the distribution of tax) liability among individuals and "If there is one basic prin- \ciple of taxation," she said, "it lis that burden should fail fairly and equitably on all." "The whole tax structure of personal reliefs is bound up with the concept underlying that overworked and little under- stood phrase 'ability to pay.' "What does it mean? Taxes are paid with money. So it would seem fair to say that a person's ability to pay taxes must: be measured exactly by the amount of money he has, 'and as a general rule the 7 / ay A ox SUPER 6-20 by PIONEER | IT'S 30% FASTER! 1015 KING ST. EAST OSHAWA; ONTARIO ° LOOK WHAT * PIONEERS ! t NOW IT'S THE W. RUNDLE "« DEAL DAYS SPECIAL| EXTENDED TO NOVEMBER 17th This coupon is worth $10.00 on the purchase of any new Pioneer chain saw. Trade-ins are accepted on this offer whi |be cut by five percentage points) the good. natured ale J When you're at home or dining out, open up an 'Ex' to start with. Molson's Export ale gives your appetite the extra edge that makes every meal more memorable. That's part of the reason 'Ex' is Canada's favorite ale--more than a million bottles are sold every day. 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