Oshawa Times (1958-), 29 Mar 1963, p. 15

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

MODEL RETURNS TO U.K. Christine Keeler, the British arriving at London airport accused of shooting at her, model -- gps with @ 'Thursday night. Miss Keeler, was traced to Spain and re- cabinet minister raised @ Con- 9) who ¢ailed to show up as turned voluntarily, trove , rey t parlinssem, pasbes a prosecution witness at the --AP Wirephoto through onlookers vith reg help = police after trial of a Jamaican boy friend via cable from London omic and political experts pre- dictions after studyin; economic health, and figures, was that Maudling Treasury Bill's Rates Unchanged OTTAWA (CP)--The treasury bill interest rate remained un- changed from last week at 3.62 per cent with the sale of $105,- 000,000 in 91-day bills, the Bank of Canada reported Thursday. The treasury bill rate--an in. dicator of mony market con- ditions--has shown virtually no change for the last nine weeks. Average price of bills sold Thursday was unchanged from last week at $99.105 for an aver- age yield of 3.62 per cent. High- est yield was 3.64 and the low- est 3.60, BUSINESS SPOTLIGHT Mountain Top Market Booms VANCOUVER (CP)--There is a strong market for mountain Marxists Taking Control Of Burma RANGOON, Burma (AP)-- Burma in the last six weeks has taken giant steps toward becoming an authoritarian, so- cialist state ruled by a strong military dictatorship. "The dogmatic Marxists are gainin control of the govern- ment," says one prominent Bur- mese writer. 'In the last two months they rcally have made their presence felt." The dogmatic Marxists are identified as Brig. Tin Pe and Col. Than Sein, two members of the Revolutionary Council that has led this country since U Nu was deposed as prime minister March 2, 1962. Many sources in Rangoon feel certain that Gen. Ne Wim, chair- man of the Seunlt is especially relying on Tin Pe. Brig. Aung Gyi, recently re-| tired from the Revolutiona: Council, formerly was consid- ered the heir-apparent to Ne Win and the force behind the ent's drive to achieve told businessmen the economy would come under total state control and that no further es- tablishment of private indus- tries would be allowed. The next week the military government said all rice trade would be nationalized next year, that the export of rice and rice products was banned, and that import licences to pri- vate trades were being discon- tinued. On Feb, 23 all banks were nationalized. roadway to the high-rise real €s- tate. Experts Predict British Tax Cut By RICHARD HERRMANN still conditions. of the last year LONDON (Reuters) -- Eco- or two. The three reports are called "current account," "'capital ac- count" and "balancing item." SHOWS SURPLUS "Current account" says the British international balance of payments situation in 1962 shows a surplus of £67,00,000 ($201,000,000), compared with a 1961 deficit of £72,000,000 ($216,- 000). "Capital ac nt," which measures changes in British in- vestmemt abroad and foreign in- dicted Thursday that Treasury Chief Reginald Maudling will cut taxes in the Conservative government's April 3 budget in an attempt to get the British economy moving again. The experts made their pre- three ritain's The first reaction to the docu- ments, brimming with charts government reports on might be justified in cutting|vestment in Britain, shows a taxes by £150,000,000 to £250,-|net outflow of £92,000,000 ($276,- 000,000 ~ ($450,000,000 to $750,-/000,000). 000,000), "Balancing item"--a grab- The experts said this much|ag in which the government of an increase > public buying ya > ay cng a power is needed to trigger new)" ai items--shows & surplus economic growth after stand-jOf £128,000,000 ($384,000,000), 2% times as large as in 1961. Cattle Trading |g. et, tert Prices Strong At Stockyards Britain in a good position to withstand any strain on its bal- TORONTO (CP)--The federal department of agriculture ance of payments which could result from increased consumer! purchases of imported' goods following tax cuts. weekly livestock report, re. leased. Thursday for the week ending March 30, revealed trad- ing active and prices strong to Majority Rule higher on all classes and grades For Canada Said Unlikely of slaughter cattle at the. On- tario public stockyards. OTTAWA (CP) -- Dr. J. A. i 1 of Uni- Veal calves lowered as lambs Coney, peeeipe St ne edged higher. Hog prices were versity, said Thursday night that Canada is unlikely to have generally unchanged. a majority government in the Cattle receipts were about|foreseeable future because ot 1,100 head more than last week and 500 head more than the profound social changes. same week in 1962, Western Dr. Corry, a political scien- tist, said in a public lecture at stock calf receipts totalled 36 as compared to 80 last week. Carleton University here that the English-speaking democra- Western cattle offerings were 285 head, an increase over last cies are suffering from a "mood of disenchantment and week by 92. There were no shipments to eastern Canadian frustration. Voters were losing confidence slaughterers. However, 95 calves were exported to the in the political process because their ays geen was oe steadily in an age 0 B gov- hear cas 61 Cision |S ements ane WAS crema steers 3-24; fancy light feedlot|* ose Of Purpose was lacking. . r Government actions affected dium' 3821.90; common ise, Mauviduals, personally fn many 21.50; "49; | ways, bu' e same tim ° gee, male, 2 cote een, woe, enrol +90; > ewer and fewer han "a rel- 19-21; common 14-18; choice fed atively small coterie of political ago Pee sales a = leaders, higher civil servants go 24; go cows 17-18; sales to 19; medium 15.50-16.50; canners and cutters 11-13; good and spokesmen for rightly or- ganized interests." Dr. Corry said "the main heavy bologna bulls 19-20; sales|hope" is a situation where gov- to 20.75; common and medium|ernment is controlled by a ma- 15-18.50. jorty party, which in turn is Replacement cattle: Good| influenced by several big organ- light stockers 24-26; good west- izations, But he added: ern stock calves to 29; common and medium 20-23, Calves: Choice vealers 32-35; "In this country at least, the changing conditions of politics odd tops to 38; good 28-31; me. dium 24-27; common 20-23; raise doubts about the ability of the party system to create boners 16-19. Hogs: Grade A 25.25-26.60; such majorities, "Given the decisive influence heavy sows 18.55-19.55; stags 17.50 on a dressed weight basis. economic and social arrange- ments, it is vital that govern- ment should be firm and res- of government policy on our| # @ socialist economy. Unlike Tin Pe's supporters on the 17-man council, Aung Gyi enterprise if temporary, role in building a felt that private could play an important, socialist state. In fact, he assured business- men last September that pri- vate enterprise would mot be na- tlonalized for at least 10 years. rane is left the government ive days later Ne Win Chartered Banks' Savings Deposits OTTAWA (CP) -- Savings on deposit in Canada's chartered banks at Feb. 28 amounted to $8,126,000,000, up from $8,032,. 000,000 a month earlier and * $7,782,000,000 at Feb. 28, 1962, tops in British Columbia. They are wanted by the com- unications industry for micro- wave systems and for television reception and trasmission sites. E. W. Bassett, B.C.'s deputy minister of lands, says a nice, strategic mountaitop is becom- ing harder to acquire and usu- ally has a high price tag. A mountain top is usually near B.C. is more than adequately supplies with mountain peaks, but not all meet the require. ments of communicatios towers and antenna, Walter R. Redel, assistant superintendent for lands, says in the last sevenor eight years, the rapidly develop. ing maze of communication sys- tems have been competing for available sites. lot 20-23; common sheep 3-7. Sheep and lambs: Good feed- lambs. $25.50 a hundred- weight; common and medium good light sheep 8-10; olute, . . . The only likely way to secure such government is to have a reasonably well dis- ciptined party system in com- mand of Parliament." Strong Issues Push Market Index Ahead TORONTO (CP) -- After six days of continuous rise, a num. ber of strong issues pushed the industrial index ahead nearly three points for the session to a new high for 1963 during mod- erate trading on the stock ex- change Thursday. The industrial gain for the six-day period was 7.40 points and Thursday also featured a new high for the year in base metals around mid-day. The latter dipped slightly at the close to remain ahead two. thirds of a point, while golds were higher and western oils lower. Algoma Steel gained strength during the last hour and was up two points to a new high of 50, and Canadian Celanese, reachng a new high of 52% ear- lier, closed with an advance of 1 at 52%. Investors Syndicate A rose 1% to 57 and du Pont advanced 1% to a new 1963 high of 44. Aluminium, one of the ses- sion's most active industrials, went ahead % to 254%. On index, industrials rose 2.7 to a new high for 1963 of 604.61, golds gained .04 to 91.50 and base metals .67 to 202.08. West- ern oils slipped% .27 to 117.51. Final volume was 3,523,000 com- pared with 3,716,000 Wednesday. Hudson Bay Mining led the base metals market to higher ground as the stock advanced 1% to 55% on moderate turn. over. HAD GOOD CATCH NIAGARA FALLS, Ont, (CP) Bob Thiel and Joe Soock, both of Niagara Falls, report good fishing at Acapulco, Mexico. During a two-week stay Mr. Thiel caught a 120-pound sail- fish. Mr. Soock landed a 200- year - old turtle weighing 437 pounds, After 60 LONDON, Ont. (CP)--Arthur R. Ford, who began his career in journalism 60 years ago in Stratford, Ont., retires today as vice-president and editor-in- chief of The Free Press. Mr. Ford has been appointed to the honorary position of edi- tor emeritus of The Free Press. He will continue to write his Saturday column which each week reflects for a wide west- ern Ontario audience his inter- Beef Pricing Levelled Off OTTAWA (CP)--The decline in beef prices may have lev- elled off after higher-than-usual patterns over e last two years, federal marketing au- thorities said Thursday. Signs also indicate that house- wives may benefit for the. rest of the year from lower prices in pork and perhaps some poul- try, "The descent of beef prices, now believed to have halted with firmer market trends evi- dent in the last week east and west, is traced in part to the 1961 prairie drought situation. Shortages of fed cattle--ani- mals fattened with grain for market--boosted 'prices both in Canada and the United States. U.S. supply end demand has a direct bearing on Canadian price levels--either through ex- port of Canadian cattle to be fattened or purchase of U.S. beef when Canadian prices rise. Now, the fed-cattle population in both countries has increased. The movement of beef prices tends to influence those of pork, broilers and other meat and poultry products. Thus, officials expect, lower beef prices will help hold or lower levels generally, THE OSHAWA TIMES, Pridey, Merch 29, 1963 15 Editor Retires Years pretation of world and local af- fairs, Mr. Ford, who joined The Free Press as editor in 1920, was president of The Canadian Press from 1942 to 1044 and was elected honorary president in 1948, During his term as pres- ident, he visited Australia as a war correspondent. E Recognized as the dean of Ca- nadian newspaper men, Mr. Ford also has won acclaim as an administrator, policy-maker| and adviser. He has been on intimate, firstname terms with prime ministers, including Sir Robert Borden, Sir Wilfrid Laurier, Ar- thur Meighen, R. B, Bennett and Mackenzie King. He has made many fact-find- ing trips to world capitals and, during his day, has covered such stories as the Regina cyclone in 1912, the Quebeo bridge disaster, the Titanic sinking, the Heuse of Commons fire and the birth of the United Nations. He began his career as a cub] of reporter with the Stratford Bea- con-Herald. It took him to the Ottawa Journal and a New York financial daily. Later, he joined the Winnipeg Telegram and then the Winnipeg Tribune, serving as reporter, city editor, news editor, railway editor and First Big Break In Murder Case VICTORIA (CP)--The of the murder weapon, scribed as the first major b: 'in an "extremely vicious muf- a was announced Thurs RCMP investigating lover's lane slaying of two naimo Sa a RCMP Supt. Macdon- nell said the 'secalione si automatic rifle was discover one murder of Les! , and Dianne ne -- going on since 'was found in| Oct, 17, two bullets in his The body of the girl was found eight miles away gf @ scrap yard beneath a pile of j car parts. She had been once in the head. Canadian Deposits Higher This Week ot Cannde. Sepeaies tarrouaga deposits $10,147,000 to Sarris.000 ie the in the week ended March 27, the Bank of Canada reported Thursday in its weekly financial statement, Chartered bank deposits in. creased $19,072,000 to $765,800,- 000 and notes in circulation in- creased $2,928,000 to $2,102,318,- legal reporter. He was Ottawa| 0 correspondent for The Tele- gram from 1911 to 1916. He worked for the Toronto News from 1916 to 1920, serving at the same time as assistant to Sir John William, then correspond- end for the Times of London. Mr. Ford was the first Lon- doner to be named chancellor of the University of Western, Ontario, serving in this role for eight years. He was a member; of the board of governors for MAKES CHALLENGE In various categories the movie "Lawrence of Arabia' has been nominated for 10 acad- emy awards. awarded him an honorary doe torate of laws in 1960, A native of Point Edward near Sarnia, he has retained 8 deep love for rural western On- 33 years. The university tario, centres of population and high- ways and with an uinterrupted view of the surrounding coun- tryside. Most mountain tops are Crown land, and can't be leased for frivolous purposes, Crown peaks can be leased for 21 years at prices ranging from $1,000 to $3,000 an acre. There is one drawback, It can cost $50,000 or more to build a At one time the B.C. forest service was the lone occupant of the high-in-the-sky sites, us- ing them for lookout posts to spot forest fires. Some of the mountain sites have more than one occupant. The forest service, RCMP, B.C. Telephones, the CNR and the B.C. highways department share Elephant Mountain at Nelson with a net of communi- cation services. The chartered bank statement for February also showed that call and short loans in Cana. NET EARNINGS The joint CNR-CPR micro- wave system, a $65,000,000 Can- ada-wide project, will have B.C. dian funds amounted to $291,- 00000 at Feb. 28 compared with $290,000,000 a month ear. By THE CANADIAN PRESS Aute Electric Service Co. Ltd. mountain locations. Mr. Redel doesn't expect any- one to corner the mountain top ELECTROHOME year ended Dec. 31: 1962, $146,- 24, 37 cents a share; 1961, $196591, 50 cents. market, but he says: "TI think it is one market which can only go up." Her and $287,000,000 @ year ear- lier. --_---- aidieensinniinneieate OSE eS SEE ARE RE REST ES CST EOP FLING cf oF ENT SESASE FP EL Ps EASTER BONNETS Get your Easter bonnet now! Choose from the large selection at KRESGE'S, for a wide range of styles EAESPO FEE YOUNG MISS HATS 1.98 to 2.77 SATISFACTION GUARANTEED OR MONEY CHEERFULLY REFUNDED 2 STORES TO SERVE YOU BETTER DOWNTOWN OSHAWA OSHAWA SHOPPING CENTRE oe "Gatewood" Here Is Styling and Performance For Beyond the Economy Price Centurion 17-tube chassis with power transformer incorporates totally new concepts in performance and depend- ability. Automatic pre-set tuner "'re- members" the ideal adjustment for every channel. The Power Pacer pro- tects components from warm-up shock. The big 23" picture and the extended range speakers assure your complete TV enjoyment. AVAILABLE AT MEAGHER' 5 KING ST. W ~ PRICE ONLY PHONE 723-3425 good-natured BIOS oes ss caring 0 better when you open up an 'Ex.' Molson 'Ex' is Canada's favorite ale, and no wonder. 'Ex' is cool and crisp as winter sunshine. That's why more than a million times a day, Canadians open up an 'Ex.' Pick up a case of Export today. MOLSON EXPORT ¥ tNOEPENDENT BREWERS SINCE 1786

Powered by / Alimenté par VITA Toolkit
Privacy Policy