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sere trent tpt ee . price of a loaf of & THE CSHAWA TIMES, Seturdey, May 25, 1963 z alice "ss a? By Cos By GERRY McNEIL | QUEBEC (CP) -- Engineers from across Canada were given some staggering details th on two of the world's la "|projects, both under aovelep: ment in this country. One is the $356,000,000 Atha- batca oil sands development in northeastern Alberta, the other the Manicouagan-Outardes hy- dro - electric development in Five power dams aré being built by Hydro-Quebec on Manicouagan and Outanate riv- about 250 miles northeast of City and one will be among the world's largest dams, 750-foot high multiple-arch af- 'air that would overshadow a 40-storey building. Ralph W. Ansley, assistant professor of civil engineering at the University of Alberta and a consultant on the Atha- basca job, indicated that by the early 1970s, oil from one of the "largest known energy re- sip Ae tah een Sow D0 Nt Engineers Shocked northeastern Quebec, Ihe" to separate cru the|clear expl eee one ee es Le eee ere t Of Projects southwestern Ontario, within west to Vancouver by pipeline|ra of the big markets, al- Estimated reserves in the oiljready are meeting the storage sands, 250 miles northeast of;demand there, but there is a Edmonton, amount to 500,000,- Leonid storage fields in eastern/206. 000,000 barrels, compared to rio and the St, Lawrence pepees world reserves of 314,-/Valley around Montreal. f Extensive drilling was undér |way in the St. Lawrence valley ; and it looked as if several suita.! ble storage areas might be! found. \t GIVE TWO PAPERS Two complex papers on the billion-dollar Manicouagan proj- fi east to Toronto and SPENT MILLIONS By 1956, more than $19,00,000 had been spent to figure out a oil from the sand. At one point, a nu- was d Howev recent strides in mining technology will permit work next year on a complex plant to do the separation, Pro- fessor Ansley said. Another paper by R. P, Char.) bonnier of the federal mines de- partment, Ottawa, said con- sumption of natural gas is ex- pected to grow rapidly in south- ern Ontario and Quebec, There ect were read, both focusing on problems at Manic 5, the giant main dam north of Baie-Com- eau. C, A. Dagenais, engineer with) a private Montreal firm, and G.| Turénhe, a Hydro-Quebec engi-| neér, described the task of dry- ing oui ihe Manicouagan river bed and digging down to bed- | Auto Production - Dips During Week TORONTO (CP) -- Canadian motor vehicle production this week is estimated at 12,664 units compared with 14,064 last week, says the Canadian Auto- mobile Chamber of Commerce, Production consisted of 10,762 cars compared with 11,878 " 1,902 trucks compared with 2 iy ere to date this year is estimated at 275,187 units compared to 222,371 in the cor-|Pa' responding period last year-- made up of 231,571 cars com- ipared with 187,420 and 48,616 trucks compared with 34,951. Two Boys Die In Unused Refrigerator LOWELL, Mass. (AP) -- A medica] examinér ruléd Friday night that the death of two little was an important need for un- derground storage facilities in these areas. rock to allow a solid foundation for the dam. seves" in the world will be Another paper prepared by Emptied oil and gas fields in| two Hydro'- Quebec engineers | | | | | | | MOTHER INSPIRES CHILDREN | Mrs. Alice Nelligan, London, Ont., ie surrounded by four of her six children after receiv- ing a bachelor of arts degree in psychology from the Uni- studied for the degree fooeix versity of Western Ontario years mainly to inspire her Friday. Mrs. Nelligan, a children to attend university. teacher for the last 22 years, --CP_ Wirephoto Wheat, Sugar Prices | Lead U.S. Business ER LANE NEW" YORK wits -- Wheat and sugar highlighted U.S. busi- ness and finance this week. The spotlight fell on a variety of sugar that sold in 1961 for two. cents a pound unrefined and on wheat, which accounts for little more than that in thejin bread. Wholesale sugar prices, climbing in recent months be- cause of developing pinch in supply, spurted wildly upward, setting a succession of 43-year highs. Sugar company shares moved sharply higher on the stock market. Other milder effects ye: out toward fer corners conhanny, petreceine in markups pete ond shelve The US. Dreadbasket was jolted when farmers rebelled against administration - backed|chiefly strict 1964 growing and market- ing controls on wheat, agricul- ture's No, 1 cash crop valued at roughly $2,500,000,000. " e Tuesday, threatened a steep|starts, new orders for durable rise in wheat plantings next) goods and personal income. year, a colapse in prices and) Up seven per cent from international trade complica-|March and six per cent from tions. ja year earlier, housing starts The picture was confused by|reached a seasonally adjusted political manoeuvring and thejannua] rate of 1,627,000 units. sibility of U.S, congressional)Personal income hit an annual tercession later on that couldiievel. of $455,700,000,000, and materially change the outlook. {durable goods orders an annual ECONOMY HUMS tate of $17,900,000,000, both ad- Lge gl 0noOmY)justed for seasonal factors. hummed along, new Te! Stee q ing out ports and statistics confirming ane Se uae at eloee -- not foreseen @ feW/caing set another three-year montis ago. h, topping the 2,600,000 tons- One of the few trouble spots pend i J The recent surge appeared in the high-flying au-|of stee] ordering subsided some- tomobile industry, slowing @lwhat but held at a high level. drive by automakers for ® ree! 1, washington, the House of ord-high production year. Out- Representatives ways and Put fell off four per cent last means committee butkted down week and seemed headed for), writing a tax reduction and oo re o babes reform bill based on presiden- use Of a labor dis-),. 4 pute at a Chicago Heights, I, tial recommendations, although ford parts plant that had rami-| fications elsewhere. In April, government agen- cies reported, al - time highs bill might emerge. The committee gave prelim- inary approval to the averdging Government experts said farm uprising, in a referendum of reported income over a pe- ablishi housin were _entablishing by Hg riod of years by authors, ac- Investments Dip In Market Action By GARY COOPER Canadian Press Staff Writer Canadian stock markets stepped into what appears to be the beginning of a consolidated period this week Index changes were narrow at the end of the four-day financial week---shortened by the Vic- toria Day holiday Monday--and . daily trading volume was on a _ par with last week. At Toronto, the industrial in- * dex--a compilation of 20 repre- sentative issues--eased .01 on the week as investment interest appeared to wane. Few issues showed more than fractional changes from last week. The most active group was utilities with B.C. Power and Power Corporation continuing their heavy turnover of recent months and Consumers' Gas and Grea'er Winnipeg both moving to new highs. Refining oils were generally stronger but, with the exception of Shell, showed modest activ- ity. Shell closed ahead more than 1% points and was the most active main list issue with , @ turnover of more than 47,000 sheres. Pipe lines showed a slight ad- vantage in most sessions with one-half. point Although the 'industry Te- ported an.operating rate of 100 per cent of rated capacity, the steels group recorded a series of minor losses. One exception was Algoma which closed with a slight gain during active trad- ing. ALUMINIUM ACTIVE Among manufacturers, Alv- minium was fairly active. Other stecks in the group were quiet. Foods, distillers, papers and banks all ended the week with- out feature. Speculative mining stocks were responsible for most of the activity in base metals but, as in the senior issues, few changes were recorded. The producers were generally quiet. On Index at Toronto, indus. trials eased .01 to 645.75, golds dropped .91 to 87.33, base met- als slipped 1.53 to 215.10 and western oils fell .30 to 126.33. Nolgme at Toronto was 18,- big| modity in the four western prov- tors, athletes and others whose incomes fluctuate widely. Abroad, negotiators for the United States and-the European Common Market worked out a compromise on mutual tariff cutting, averting a split of free|' world nations that seemed in the making and enhancing the (240,000 shares worth $30,208,021 |compared with 17,763,228 shares worth $53,920,736 last week. trade. expansion act it was anybody's guess how the} outlook for results from the 1962 h Freelancers Hit outlined the work involved find- boys found in an unused refrig- dental suffocation. Dr. John Karbowniczak made thé ruling about nine hours after ing 1,500,000 tons of sand and 3,800,000 tons of gravel for the] main dam, i | By Tobacco Board, _NET EARNINGS TORONTO (CP) -- The On- tario Farm Products Marketing Board Friday denied eight un- jlicensed tobacco growers the right to grow flue-cured to- bacco, Permission was rejected be- cause the freelance are not licensed by fe Ontario Flue-Cured Tobacco Growers' Marketing Board, comprised of 4,000 farmers, Mendel Green, counsel for the unlicensed growers, said he plans to take the case to the Ontario Supreme Court in order to save $700,000 worth of farm- land, which has been described as useless unless licenses are granted. He said the tobacco board may be open to prosecution for "conspiracy to restrict trade," despite provincia! legisla- tion giving it power to control production. One of the eight tnlicensed growers, Ervin Robbins of Bal- timore, Ont., said Thursday that so far three per cent of the $31,- 000 worth of seedlings prepared for the ground is already lost. If permission is denied beyond June 1, it would be a total loss, he said. The government's policy has been to dissuade newcomers from production because On- tario produces a record flue- cured tobacco surplus of about 30,000,000 dis. It was the second time this By THE CANADIAN PRESS ir bid Tuesday for} jected their uesday for J. G. Bright and Co. Lid. rmission to grow a crop this ing r ear ended March 31: 1963, Mr. Green said he hopes to 442, $5.04 a share; 1962, get an Ontario court hearing in| $584,950, $5.11. the next week to 10 days. He} Brazilian Traction, Light and told a press conference that he|Power Co. Lid., year ended felt a recent amendment to the/Dec, 31: 1962, $1, 240, 162, seven Farm Products Marketing Act|cents a share; 1961, '316, '797, 382, is contrary to the Canadian Bil]/97 cents. of Rights. CAN DESTROY CROP The amendment, passed hag the last session of the legis: Ltd., year ended Dec. 31: 1962, $537,301, 51 cents a share; $444,- Capital Building Industries 178, 47 cents. game, Cullen said. the bodies of Brian Lacourse, 4, jand his brother, Keneth, 2,| erator in théir.kome was acci-| Prices Dip In Canadian Bond Market By THE CANADIAN PRESS Prices were slightly lower in quiet trading on the Canadian bond market this week. Treasury bills moved down,in jeld a, , -- the 91-day bills oon per cem com- hee NEE 3.28 per cent last oo and the 182-day bills 3.33 per cént compared with 3.36 per cent, Déalers inventory in the short-end market declined some $40,000,000 during the week as charteréd bank interest in treas- ury bills increased. The short Canada market was extremely quiet, Finance and commercial paper rates were forced down- wards as result of a consid erable flow of municipal funds| seeking invéstment. On the long-term government markét the new five - per - cent June 1, 1988, issue was quoted around 99%4-101%4, and the 4%- Drop Charges On 8 Windsor Men WINDSOR, Ont. (CP) -- A charge against a Windsor man of keeping liquor for sale was dismissed and charges against eight other men of unlawfully consuming liquor were droppéd Friday: in magistrate's court. Windsor police testified that hockey fans had been See into the home of Milton 58, before, during and after hockey games at the Windsdr Arena for the last thrée yéars. . Magistrate Angus W. Mac- Millan dismissed charges against the nine men. "I have doubt about the whole matter and am not at all satisfied with the evidence given," he said. offer shortly 1,500,000 . conver- tib'e preference shares of $40 par value for a total par value of $60,000,000, It is expectéd the preference shares will be eo ivertible into common shares on a share-for-share basis for a 10- year period from the date of is- sue. losses of % to % go x to 5 ¥ ton Acceptance, Riv \l- gom. Mines and George Weston Ltd. all issues are 5%4-per-cent bonds due 1983, Aluminium Lid. is expected to| per-@pnt 1983 issue at 941469456. The corporate market v><ed seemmememniine MAPLE CLEANERS 504 SIMCOE ST. $. OSHAWA ee ali ere Service 8 How Free PlekeUp end "Your Fa mucha vanehas were discovered. | The search for the boys had/ turned to their apartment in a housing project after their mother, Mrs, Nancy Lacoursé, 31, reported the boys missing Thursday night. Police Capt. Richard Cullen said an older brother had been playing hide and seek in the house, using the refrigerator as one of several hiding places, two days ago. The smaller boys may have been imitating the Police said the door had no spring lock inside with which a TODAY ONLY "CLEOPATRA'S DAUGHTER" person might escape. ture, gives the growers' Teer the power to destroy tobacco planted without board permis- sion, Agriculture Minister Wil- liam Stewart has said he will back the board to the hilt in| such action. Mr. Green said the Bill 'of| Rights guarantees the individ. ual the right to "enjoyment of property, and the right not to be deprived thereof except by due process of law." George A. McCague, chair.| man of the farm products board, commented that the gov- ernment has considered whether the recent amend- ments violated the bill of Wyong and had decided they did not. Would Hike week a government agency has turned down. the eight free- lance growers. The tobacco} growers' marketing board re-| Searchers Find 3 Bodies After Bridge Falls MURDOCHVILLE, Que. (CP) Searchers have recovered the bodies of three of six men miss- ing following the collapse of a bridge over the swift-running, flood - swollen York River near ere. The two bodies recovered late On index at Montreal, indus- trials dropped 0.8 to 128.4, utili- ties slipped 0.5 to 122.4, banks eased 1.5 to 130.7, composite fell 0.9 to 127.5 and papers dipped 6.5 to 113.0. | Volumes at Montreal: Indus- trials, 1,027,691 shares com- pared with 1,213,256 last week; mines, 1,507,923 shares com- pared with 1,676,588. Sugar Prices May Stay At High Level VANCOUVER (CP) -- Sugar prices may stay at their high level into 1964, Forrest Rogers, president of the .BC. Sugar Re- ae Company, said here Fri- DIVIDENDS By THE CANADIAN PRESS Canadian Imperial Bank of Co! ; 50 cents, Aug. 1 record June 29, Chartered Trust Company, 25 cents, July 2, record June 14. Crown Trust Company, 35 cents, July 2, record June 18. Crown Zellerbach Corpora- tion, common 45 cents (U.S.), July 1, record June 10. Crush International Ltd., five cents, July 19, 'record July 4, Guaranty Trust Company of Canada, 35 cents, July 15, rec- ord June 29. Investment Foundation Lid., common 60 cents, six per cent pfd. 75 cents, July 15, record June 15, The Ogilvie Flour Mills Co, Ltd., common 15 cents, July % rect ord June 3, 'Trans Mountain Oil Pipe Line Company, 40 cents, June 28, y. He said the wholesale price for 100 pounds still is $17.50, and "/Miller, 32, and Lionel Levesque, Friday were identified as Her- man Simon, 38, of Wakeham and Wilson Cotton, 31, of Sandy} Beach. The body of Robert Mc- Coy, 23, of Barachois was found Thursday. Hubert Patterson, 63, Melrose 35, are still missing. The six men were believed to have died in the mishap early last Wednesday. Police said four cars, three of which have been fished out of the rivers, were known to have plunged in from the bridge. : All the missing were on their way to work at the Gaspe Cop- per Mines in Murdochvile. Cpl. Hector O'Neil of the Quebec Provincial Police is in charge of the search. He said it was "very difficult | to say" if any more cars be- longing to outsiders travelling through the area might. have plunged into the river. Murdochville is 350 miles northeast of Quebec City on the! had remained unchanged since|"@co"d June 3. Gaspe Peninsula. Thursday when the price of su- gar increased for the 43rd time since last Oct. 1. The price then for a similar amount was $7.40. Ata aga conference {0 ex- =. oR yong 'prices, Mr. the increases wer coud by the lack of sugar to meet world requirements. "Drastic reductions in Cuban ere ae the partial fail- ure of the European re beet crop have contributed to the shortage of sugar," he said. "Also, increased world con- sumption due to population = pansion and panic buying in Many countries has aggravated the shortages." "At poet we should be ship- ping out 3,000,000 pounds of su- gar a week. With people hoard- ing sugar and trying to yA ata low price, we shipped 7,000,000 pounds from the factory last week," Mr. Rogers said. B.C. Sugar markets the com- SPECIAL g Z ~~ inces and operates factories (54 nos.) Plus $600 regular here, in Alberta and Manitoba. It is the only company selling| sugar in B,C. Mr. Rogers said sugar prices} in Western Canada were the same as in the East. a KINSMEN BRING THIS Ya PRICE PASS To the Friday, May 31st KINSMEN SUPER CAR BINGO AT THE PETERBOROUGH MEMORIAL CENTRE $ Over 8,300 in Prizes including 1963 CAR OR $2,000 CASH. $1,000 Hi-Lo Game. $1,800 Big Snowball (55 nos.) $1100 Small Snowball NAWSNI» gomes. $450 special FREE DOOR PRIZES 'aue Don't forget to buy the economy pack for value and save money. KINSMEN Soap Prices VANCOUVER (CP) -- John) ckwood, president of Levy | Products Ltd., said Friday that) any legislation to force soap manufacturers to produce dis- solving synthetic detergents im- mediately would result in an ap- preciable price boost. He said such legislation could result in the housewife paying five to 10 cents more for a pack- age of detergent. "If we were given two years we will be able to make a new detergent without serious he increase to the housewife," he said, The company president was commenting on the fact that legislation is being prepared, in some states and countries of Europe to compel detergent manufacturers to produce a dif- ferent type of. product. He said none of Canada's pro- vincial governments has any legislation in the works but some municipalities are clamor- ing for action. 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