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To 4g THE OSHAWA TIMES, Tharedey, Apel 4, 1963 Some Buyers Critical Of Canadian Exports RHUDE Canadian Press Business Editor TORONTO (CP)--Sharp criti- cism of Canadians as exporters was made Wednesday by a number of buyers at the Na- tional Canadian Samples Show. The criticism came particu- larly from West Indies visitors and was directed perhaps more at manufacturers not repre- sented than at those who aré exhibiting, but the exhibitors] got at least part of the blame.| _ The feeling was not unani- mous among the West Indies representation, = ond of on things that broug! ir criti. cism were given a rather dif- ferent interpretation by Ameri- stance, apparently expected) Americans, too, were inclined! wider ranges of items in the/to cite the improvement made things in which they are inter- since last year's smaller re- ested and expected more pro-jgional shows, rather than to ducers to be showing them. mention any present shortcom- American buyer, on the|ings. jihes hand, said Pe American| Nat Gavender of St. Louis, store isn't likely to send a de-|Mo., who represents 150 retail partmental buyer to a so-called|stores throughout the Un'ted 'Jateral" show of this nature./States, commented: Rather, they will send the "] was here last year, and buyer to a "vertical" show) those coming for the first time lwhere he will see nothing else|don't appreciate what progress ut the general line in which)has been made. Canadian man- ufacturers have gone a en way in realizing the types 0 Phy Bs Myra ypc merchandise best suited to the tives who will alert their buy-|U-S. customer in quality, styl- ers as to what is available in/imé and Pyro We found Ba | Canada and who will probably peenet. bed Cine tine a help open doors if exhibitors|i" the Canadian market a he is interested. cans. West Indies buyers, for in- ' improvement in some of the follow up with calls, items seen previously." Sterner Policing Urged On Market WASHINGTON (AP) -- The AS. Securities and Exchange Commission called Wednesday for new laws and sterner self- policing by the American secur- ities industry to correct "grave abuses" it said were uncovered in its sweeping investigation of the stock market. But the commission, in issu- ing a 1,600-page report which had been fearfully awaited by the U.S. financial community, gave this reassuring conclu- sion: "The picture presented is not one of pervasive fraudulent ac- tivities. ... "The report should not impair} public confidence in the securi- ties markets, but should streng- Prices Remain Static During Medium Trade TORONTO (CP)--Prices re- mained more or less static Wednesday during moderate activity on the stock market. One of the strongest indus- trial groups was steels which featured Dominion Coal and ' Steel ahead % and Steel Com- pany of Canada \%. Other major advances were seen in General Motors, ahead| 1% to a new high of 73% and Canada Packers A up 1%. Simpsons, Industrial Accept- ance and Building Products ail rose \. Main Mst losers included Ca- nadian Tire A and Interprovin- cial Pipe Line each off 5%, Can- ada Steamship Lines and Cal- gary Power each off % and Canada Cement down \%. The West Indies critics termed the show "a brilliant idea" on the part of the depart- ment of trade and commerce, but felt the department's effort had not been matched by pro- ducers and that Canadians are not export-minded so far as the West Indies is concerned. Despite the criticisms, buy- ers from the Trinidad area re- ported purchases of hardware, dresses, jewellry, furniture, re- frigerators, electric ranges, washing machines, silk stock- ings, and china. Judging by buyers'. com- ments, Canadians have two dif- ferent kinds of opportunities. One is in the distinctive or unique item in which price is not the deciding factor. The other in the highly competitive goods where the decision def- initely rests with price. Exhibitors with something "different," got lots of atten- tion. The only current worry of Mrs, Sylvia Birchall of Toronto is that there may not be enough then it as suggestions for rais- ing standards are put into prac- tice." To curb shady practices, the report said, the SEC should: 1, Have power to bar con- victed criminals from selling stock. 2, License every individual stock salesman and encourage better training for the job. 3. Receive periodic financial reports from major firms whose stocks are traded "over the counter"--those not listed on the recognized exchanges. CITES "HOT ISSUES" 4, Obtain from Congress some new authority to curb such "wild-eyed" speculation in "hot issues" as occurred from 1959 Commissioners | A dyertising Cuts Made By Parties Take Look At Trading Trends OTTAWA (CP) -- Canada's|atiye, Social Credit and Newlhe said. 'It took four or "Johnny-on - the-spot" OTTAWA (CP)--The Conserv- trade|Democratic Parties have cut/months to pay our bills atfer "We haven't much m "i ve commissioners today launch Altheir advertising budgets be-|the last campaign, and we don't week-long look at trade trends here anc abroad. The trade commissioners have been recalled to Ottawa as part of the federal trade de- partment's ex port promotion trade, "Operation World Mar- kets." From posts around the world ~--from Moscow to Hong Kong to Lagos--135 trade department officials are gathering here for their "saics meeting" which winds up April 11. Their openi: session will: hear addresses by the top men in Canadian business and labor. This part of the conference will be open to the press, but the remainder will be closed. Victor Oland, president of the Canadian Chamber of Com- merce, and Carl A. Pollock, president of the Canadian Man- ufacturers' Association, will present the views of Canadian business to the trade officials. President Claude Jodoin of the Canadian Labor Congress will speak for organized labor. Senator Wallace McCutcheon, trade minister since the. resig- Nation of George Hees almost two months ago, will also ad- dress the conference. The government trade com- missioners will then huddle be- hind ciosed doors to exchange ideas and impressions from their vantage points in 45 dif- ferent countries. The conference is the third cause campaign funds are short but the Liberals are spending almost as much as in the 1962 election. Spokesmen of the four parties gave this picture of their adver- tising efforts in the final week of the April 8 election cam- paign. By law, political broad- casting ends Friday night. peg gd advertising will reach its peak this weekend. A Liberal party spokesman said the total advertising bud- get was trimmed "by a small amount" a gr ae year's ci , but the cuts that were: made in television have been devoted to newspa- pers and magazines, "The only difference in our campaign is that we have cut television a little and we are want to get into that situaion again. I's bad publicity." New Democratic Party adver-' tising appears limited by the same factors, and T. C. Doug- las, the national leader, has criticized the advertising afflu- ence of the Liberal party. At} . the outset of the campaign, A. R. Paulley, NDP leader in Manitoba, said the party was broke. HAVE HIGH OUTPUT In the manufacturing industry the average output of Canadian' workers is nearly three times that of the European average spending more in the maga- zines, including church and farm publications," Liberal Soren Director Keith Davey 8 Said Dalton .K Camp, chair- man of the Progressive 'Con- servative party's campaign committee: "We said at the outset we were running a shoe-string and shoe-leather campaign." The Conservatives' budget is half what it was in 1962, and the cuts have been made princi- pally in newspaper and maga- zine space. A Social Credit headquarters official said his advertising bud- get is less than half what it was last year. CLEANERS and LAUNDERERS OSHAWA - PORT HOPE WHITBY - COBOURG BOWMANVILLE - SCARBORO Curtains, Dropes, Blankets, Rugs OSHAWA'S ONLY UNIONIZED SHOP 723-4631 50 MILL phase of the "Operation World Markets" project. The opera- tion was launched March 24 when some foreign 170 machin- ery and equipment buyers started a week-long tour of Ca- nadian manufacturing plants. This was followed by a National Canadian Samples Show, which opened Tuesday in Toronto. production to meet orders for her "'Swimeeze" floating bath- ing suit for young children The suit, on the Canadian market for the last three or four years, was a hit with American buyers. It was de- signed by Mrs. Birchall as something that would include a safety jacket and still be com- fortable to wear all day. The Ontario Safety League, she stated, says it is better than a life jacket for' small children. Karl Fabricius, of General Wire and Cable Co. Ltd., won some enthusiastic American comment for a plastic he has developed. It won't fade, cuts like metals, comes in large sheets, and can be welded so that, for instance, a person can build his own swimming pool out of it. Mr. Fabricius, who came here from Germany 10 years ago, started his business in a base- ment and lived there because he could not afford a room. To- day he has a plant covering 200,000 square feet in Cobourg, Ont., and annual sales running at $5,000,000. thféugh 1961. 5. Set up a permanent, separ- ate unit which could keep watch on the industry without being hampered by routine SEC busi- ness. The initial impact on the mar- ket was mild, even favorable, in apparent relief at the mild- Ness of the findings. After the closely-guarded report hit the news wires, stock prices surged toward new highs in moderate trading on New York's "big board." G. Keith Funston, president of the New York Stock Exchange, said the exchange will begin im- mediately a careful study of the recommendations, but hinted that the exchange opposes any new regulatory legislation by congress. He sald: "The exchange is convinced, based on its experience, that vigorous self-regulation in com- bination with enforcement of the existing securities laws is the key to maintaining a healthy, responsive, and efficient mar-' ket place and to serving the public well... ." On index, industrials ad- vanced .15 to 604.23 and base metals .04 to 202.33. Golds cell .22 to 90.62 and western oils .25 to 118.01. Final volume was 3,944,000 shares compared with 3,398,000 Tuesday. Falconbridge and Geoc each Tose % to lead the minor base metals advance, and Labrador D. S. Gray of Ceremetal In- dustries Ltd., porcelain enamel- lers, caught attention with a wide range of architectural and decorative panels, and other items, including roof decks and building sidings in a ceramic finish which, he states, has never been done before. The product never fades, he said, NET EARNINGS x THE CANADIAN PRESS ipemiska Copper Mines (Quebec) Ltd., year ended Dec. 31: 1962, $2,434,580, 44 cents a share; 1961, $2,029,798, 37 cents. Rapid Grip and Battan Ltd., year ended Dec, 31; 1962, $120,- and Denison both gained %. and has very high corrosion re- 701; 1961, $152,352. sistance. DIVIDENDS By THE CANADIAN PRESS Bulloch's Ltd., Class A 25 cents, Class B 18 cents, May 1, record April 15, Peoples Credit Jewellers, common 714 cents, Class A 7% cents, May 15, record April 30. BIRD GOT HOOKED KIRKLAND LAKE, Ont. .CP) A mysterious stringing of black nylon fishing line over hydro poles and roofs here is believed the work of a bird. Police sug- gested the line became caught on the leg of a bird and was run over its erratic course as the bird attempted to free it- self. FRONT-END ALIGNMENT For ALL CARS on JOHN BEAN "Visuoliner" SPECIAL 95 PHONE 728-6221 for eppointment Free Pick-Up and Delivery Service pace GENERAL TIRE 534 RITSON RD. © OF OSHAWA 728-6221 Vote Liberal! RE-ELECT RUSSELL C. MEDICAL PLAN For residents of Ontario not eligible for group coverage fies PSI) PERSONAL PROTECTION PLAN Providing coverage for Medical Care In Hospital, including Surgery and Obstetrics @ No age limit for adults e No medical examination necessary e No exclusion for chronic or pre-existing conditions HONEY Durham Riding KEEP ENERGETIC REPRESENTATION PROVEN RECORD: A qualified member with a record of service to Durham REGULAR REPORTS: Systematic personal visits to all parts of Durham and regular reports by press, radio and letters. MUNICIPAL QUALIFICATIONS: Barrister who has specialized in the law of municipal government. HONEY, Russell C. BARRISTER « No waiting periods except for obstetrics and elective surgery RATES COMPLETE THIS COUPON FOR FURTHER DETAILS AND APPLICATION FORM PHYSICIANS' SERVICES INCORPORATED Single subscriber $ 6.75 quarterly Subscriber and one dependent $14.25 quarterly Subscriber:and more than one dependent $18.75 quarterly Physicians' Services Inc. 2221 Yonge Street, Toronto 7 Please send to me, without o complete information onthe P.S.1. PERSONAL PROTECTION PLAN et Address. x| 222i Yonge St. Toronto7 | Now you know what you've been missing all these years Sorry (and you can't say we didn't, warn you) but our stock of Dow Bock Beer has run out. However, we do make two other great year 'yound brews for your drinking pleasure--Dow Ale and Dow Kingsbeer. Try them soon. You won't find any better. Ask for Dow BREWERY (ONTARIO) LIMITED