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@ THE COHAWA TIMSS, Seturdey, July 20, 1963 a | sun S} cuss a proposal to set a 30-sec-| ASTRONAUT MEETS MOUNTIE Astronaut Scott Carpenter, the: second American to orbit around the earth, gets a wide grin from an RCMP officer -- Prices Stabilize On Market Scene at the Edmontin airport. Car- penter passed through Ed- monton Friday his way north to join a Uni ted States. on TORONTO (CP) -- Canadianjat 92 3-32 compared with 9244 stock markets made a ts iday afternoon and stopped rur Presi -- Kennedy's o's industria ion of 20 rapresentati ve stand/a week ago had begun to look like a/fluctuate away decline in the face of/93.425 proposed/fund operates iwider swings index, ajgree the fund may On Thursday it lost 5-32, Under the peg it may between 91.575 and Canada' foreign reserve toprev ena tyn but to what de- be operat. ing in the market will not likely enaed the day down 5.53 be known for some "time points at 610.53 In early trading, had dropped more points, before the By 1 p.m. however, it than the rest of the day was an at- ing 1953 lows Friday 15\taxes 'become effective turn came,/proposed form the index had re-|setting up faci! covered to a net loss of 4.30 and! Americans holdi curities tempt to. hold the ground, Dur-! Amer the decline 101 issues hit)which the The Toronto exchange said that if the American in their it will consider s under which |' ng Ce may trade wi th other s -- a situation under tax doesn't apply. The exchange said two mar- In Montreal the picture WaSiret< in a security mi eht result, |! much t he same, but with many| pith price differentials raflect- stocks ending the day with ing the incidence of the excise ' ta In Toronto the early losses followed a loss of more than 15 oints in the index Thursday and the trading floor was a with relative calm coming. as prices stabilized New York continued Py the Montreal Canada should have been ex- bedism of shouting traders, |cuuded a ithe United States | 'JFK Tax Plan e./ment, moral suasion whether tween nations or individuals." that President approved by geophysical expedition which will fly through the path of the eclipse of the sun Satur- day aie "P Wirephoto TSE President Worried By | TORONTO (CP) Howard PD. Graham, president of the Toronto Stock Exchange, sai id Friday "it is most un'ortune that government, whether It be Canadian, American, or ther, must find it seonnely to interfere in the natural process of trading and financing He said this can lead to. noth-| ing but confusion, uncertainty, and loss of confidence by the nvesting public, and ottet: "Surely a better way to ac -omplish the ends of govern- is by consultation and t be be- Mr. Graham, commenting Kennedy's pro- posed excise tax has yet to be Congress, stated: 'We may hope that just as in jthe recent case of our finance', minister in Canada, there may Eric W. Kierans, president of/be some modification before the exchange, e Canada is not accum- with moderate losses in' light trading, The DowJones indus-| trial average closed down 2.01 at 693.89 after being down 3.34 at the end of the first hour. RECOVERY MADE In London, recovery was made after early losses in stocks favored by American in- vestors. The Financial Times daily index of 30 industrials fin- Julius Nyerere of Tanganyika/hardship in many c visi ushed off 1.0 at 315.5. The Canadian dollar, with a 92%4-cent peg in terms of U.S Gollars, retreated within the Tange allowed by its peg. In New York it was down 7-64 Head Hailed Tanganyika By Pearson OTTAWA (CP) -- President ad Ottawa Friday for talks with Canadian leaders and was hailed by Prime Minister Pear- son as leaders of "one of the outstanding the new Africa." Mr, Nyerere and the Cana. dian prime minister had an hour-long discussion by Mr. Pearson later as formal but wide-ranging." External Martin sat in on the merting, and later had his own private discussion with Mr. Nyerere DIVIDENDS ' By THE CANADIAN PRESS Canadian .General .Electric Lo. Lid. common five cents described tt Affairs Minister/™ Oct. 1, record Sept. 10. Harding Carpets Lid., com- mon eirht cents, 5% per cent pid. 25.9375, Oct. 1, record Sept Bt Massey-Ferguson Ltd, com- mon 12% cents, 5% per cent rid, $1.37, Sept. MM, record Aug. 18; 4% per cent pid $1,124, Aug. 31, record Aug. 16. Money Market Securities Dip In Week By THE CANADIAN PRESS Money market secures d Canadian interest yates ses of 30 to 95 cents were ded on the week with er Muctuations in ultra- ve issues, Canadian govern- ment 3%, 1965 closed at 97.65-75 _ the 344, 1966, closed at 96.80. The Sl-day treasury bills av- erared 3.48 per cent in yield compared with last week's 3.39 and the I82-bills averaged 3.68, ompared with 3.48. Friday many sections of the "market. came almost to 2a t with dealers sitting ne for clarafication of nm created by. Presi- Kennedy's proposed new taxes on American investment in foreien issues. Long - Canada bonds showed losses for the third con- secutive week with some issues dent down #4 points dur ng the pe- ily rind. Canada 4%, 1983, were o} three points on the week>Snd p were quoted at Friday's close at BB, noon and a pleasure to receive Mr. weai The prime minister said in a statement Friday after- it had been a privilege rief Nyerere, "one of the outstand- ing leaders of the new Africa and the head ef a Common. th government having friendly relations with our responding to welcome from rson at the airport, ap- peared t itch for Ca- nadian aid to his COUNTY. He said Tanganyika 'iooked yard. to the assistance of ies which have not per- solved all their own ero- omic problems,. but. which are ahead of us in the rais. ing of standards of living of their own people." OHSC Payments Not Deductible Board Decides OTTAWA (CP) -- The tax appeal board ruled Friday that hospital bills paid by the On- tario Hospital Services Com. mission are not a deductible expense in computing taxabie income The board m ade this decision na ¢ by board mem. ber R and St.-Onge, rejecting fan appeal by John Stoyanovich of Windsor, , against a ral. 1 revenue de- Steyanovich and his y received hospital various times and the bills were nid by. the commission. He clai med them as an expense in it taxable income Prov inci a sevuriti es were of. i hout bids with the last Ont 2rio "Hy ro five- is- sue trading at a 550 basis Corporate bonds declined two points on the week with active rad Rio Algom 5%, 1983, closed 36-37 while Weston 7953, Jost a point and « BR-39 No new municipal significance were in evidence. per-rent issues of 7 care at) said| measure is enacted.' The effect upon the stock from the proposed taxes market, Mr. Graham continued "has already been marked and ulating gold at the expense Ofjas so frequently hapmens. the reaction i$ probably more wide- ispread and drastic jevents would justify than the "The bond market will also jbe affected and until U.S. gov- ernment policy | doubt the bond market will be is settled, no practically non-existent." The new policy, Mr. Graham said, will greatly reduce the |flow of capital from the U.S. to Canada and would result in real ases, and slow up building projects and development general! EXPECT KHRUSHCHEV CAIRO (AP)--Egyptian High Dam Minister Mohammed Sic- ki Solieman announced Friday Soviet Premier Khrushchev isit. the United Arab Re- within the next six Ww public months 5/600 miles northwest of Edmon- By BOB TRIMBEE EDMONTON (CP) -- More than three dozen scientists will chase the moon's shadow today in the land of the midnight sun. The chase will be made aboard specially - equipped planes during the eclipse of the flights. Great Slave Lake region today. The northiand, particularly the Great Slave Lake district ton, is the scene of the action|anywhere else in the world. because there the total eclipse BBG To Discuss Beer, Wine Commercials $0,000 and 48,000 feet~are be- ing used to add precious sec- onds to the time in which sci. jentists can conduct exper podonteg At Fort Simpson, N.W.T., the fram the ground for one min- of Broadcast called a public hearing to dis-/lipse. ond maximum on radio and tel./ /evision beer and wine commer- felals and to alter their form. The meeting is to be held in Ottawa Aug, 27 to hear repre- sentations on a proposed set of regulations governing beer and : wine commercials in provinees| add additional facts to a mount- which approve of such advertis- ine tale eiln, breweries ms Wheat Board Expects To Match '62 Crop provinelal liquor control au ithorities for some time. CHATHAM (CP) -- The On-| tario Wheat Producers' be uncovered by scienists. WILL ADD FACTS At best experiments will con- The propose regulations con- tinue the current requirement that commercials not be de- signed to promote the general) use of beer or wine, a I American Nazi | Faces Charge EMPORIA, Va. (AP istyled American Nazi Le George Lincoln Rockwell two other persons were rested here Friday night marketing of: the 1963 winter wheat crop, and exported on against Negroes.' Rockwell was arrested on alOf Ontario, warrant sworn out by Police|bosrd's agent, Chief H. G was headed toward hall to make a speech He has been touring Virginial attempting to enlist volunteers} for a march on Washington to oppose the civil rights march/ yield set for Aug. 28 isaid acting as has been in-| the town) the jdealers is expected, At least three major flying laboratories will move into the They are an RCAF Yukon from Ottawa, a DC-8 jetliner from Long Beach, Calif., and a B-17 from Denver, Colo, The) of the sun will last longer than| Aeronautics and Space Admin- The planes -- flying between \total eclipse can be observed, Despite the long planning and by the cost of facilities little of) matic pilot. startling value is expected to firm knowldge now in use or Mar- keting Board announced Friday the completion of plans for the province's The crop is expected to match ) -- Self./Production last year when the ader|Doard handled about 1,000,000 bushels, nearly all of which was) The board also announced it charges of conspiring to incite|!s prepared to handle new crop the white population to violence] wheat as in the past. The grain idivision of United Co-operatives the) Weaver Rockwell] instructed to purchase wheat at| floor price from county) The crop is maturing rapidly) throughout the province and an average to better than average the board ¢ Chase Moon's Shadow In Midnight Sun Land ing total being compiled about| latter two will base eclipse op. the sun and outer space for use on such projects as space erations at Edmonton, All three have been equipped with facilities to assist the sci- entists in experiments during the brief period of totality. Among hose aboard the DC:8 will be U.S, Astronaut Scott Carpenter who arrived Friday. He will make the flight as an lobserver for the U.S, National \istration, The jetliner will fly at an al- titude of 42000 feet, well above normal cloud formations, How- ever, thunderheads could jar ithe almost-level flight required "| by scientists to photograph the }eclipse and to carry out some 120 experiments during the pe- |rlod of totality, ute and 40 seconds, longest any-| WEATHER TO BE CLEAR where, But in the planes an- OTTAWA (CP) -- The Board| other 44 seconds can be added Governors has|to the length of the total ec.) Clear skies were forecast for the region today. The DC-8, flying at about 520 ;miles an hour, will be stabilized a specially designed auto- Dr, Charles H. Smiley of | Brown University, Providence, R.L, will-fly in an F.-104D Star fighter Travelling at nearly twice the speed of sound he will be able to remain in the path of totality for almost five minutes, longer than any! other scientist, On the unich, Germany, will study the deflection of the light of the jstars, visible only jeclipse, It is a portion of Ein- stein"s theory of relativity which the team | want s to verity. | BLOCATIONS Falls On By MARK MEREDITH Canadian Press Staff Writer A large minus sign fell heav- ily on prices in a dark, stormy Mg for Canadian stock mar: Monday, Tuesday and Wed- nesday the markets sulked with lower prices and weak volume until Thursday--then the plur was pulled A tax proposal from the United States hit in the. vul- nerable spot of foreign invest- ment, Thursday, the Toronto' indus: trial index, a compilation of 20 vapresentative stocks, tumbled 15 points followed, The trading floor became near-bediam as traders ran to exercise orders and the ticker tape ran six minutes behind. Prices then struggled to re- coup their losses and heavy loserg erased some of their de- clines, with some issues ending the day ahead. By noon the industrial index ground a team from! _ during an} had cut its net loss to 7.05 points and by 1 p.m. to 4,30 ia at the day down 5.53 at Chief sufferers in the dip were issues popular with US! nvestors, Distillers Seagrams dropped $3 on the week to $50.25; Moore Corporation was off $3.6214 at $49.75; Massey.| |Ferguson was down $1.324 at bidity and CPR lost $2 at Ontario Loan climbed $8 to Se gS | SATURDAY The Sensational "Count-Downs" BEACH HOUSE OSHAWA-ON.THE-LAKE Large Minus Sign Prices %47 following a takeover offer 2y British International Finance wen to $50 a share, ven before Thursday, obd- ervers regarded the market's rrospects with suspicion, Low volume and high prices, they elt, made a sell-off not un- likely, Nevertheless, the U.S, ax proposal took them by sur prise, The Tvyronto exchange an- nounced Friday it would give consideration to providing trad. ing facilities for the benefit of American residents who wish to buy or sell listed: securities im: mune from the tax should cong- ress enact legislation. Earlier in the week Toronto was joined to a 2.50 index loss on a cue from wall street which likewise sagged with pubdlica- Uon of proposals for far-reach- ing reforms recommended by investigators of the U.S, Se- curities and Exchange Commis- sion, On index in Toronto industrial fell 24.80 to 610.52, golds 1.05 to 8838, base metals 8.58 to 119.39 and western: olls 4,02 to | 111,69, Volume was 16,013,051 shares) compared with 13,080,821 Jast) PRT RR, DANCE | TONIGHT | | Old Time -- Modern || i ADMISSION--$1.00 LAST 2 DAYS! TODAY and ' SUNDAY Scandalous! Saucy! Spicy! CHARLTON DRUG STORES OPEN THIS SUNDAY 12:00 A.M. to 6:00 P.M. HESTON ELSA MARTINELLI IN "THE PIGEON THAT TOOK ROME" Adult Entertoinment JURY & LOVELL LIMITED 8 KING ST. EAST 723-2245 McCORDICK DRUGS 360 WILSON RD. SOUTH 728-8711 "MAN FROM THE DINER'S CLUB" plus "THREE STOOGES IN ORBIT" STARTS MONDAY (pees BILTMORE Provocative! Fascinating! "A GIRL NAMED TAMIKQ" IN COLOR --With-- LAURENCE HARVEY FRANCE NUYEN MARTHA HYER SUNDAY, SPECIAL GERMAN SHOW JULY 21st hs Cut Power From Municipal Board Reeve Suggests TORONTO (CP) -- Norman Goodhead, reeve of suburban North York, suggested Frida that the Ontario Muniel Boamd should be relieved of all municipal planning decisions. In a radio' talk, Mr, Good. head said Premier Robarts and Municipal Affairs Minister Spooner should establish an of- ficial plan for the entire prov- ince. The OMB has no plan staff, he said, yet it makes al the major planning decisions in Ontario, He predicted decisions made between 145 and wyould prove costly. He said municipal plans should conform to a_province- wide official plan. The OMB has never made its decisions with the benefit of a co-ordin. ated official plan, week; dollar value $46,383,212 compared with 32,642,274, In Montreal industrials fell 5.8 to 119.5, utilities 5.2 to 116.3, banks 4.9 to 120.4, composite 5.6 to 11 and papers 3.2 106.0. Volume was industrials 788,- 779 compared with 764,282 last week and mines 3,244,924 com- pared with 2,244,947, DANCE PARTY BOB MINNS & HIS ORCHESTRA eit aes ee se WOR Los RN Fai FEATURE TODAY: 2:20-4:40.6:35-9;10 2 GRAND TECHNICOLOR HITS ROBERT WAGNER "ALL THE YOUNG CANNIBALS" -- WIth -- NATALIE WOOD =x PAT BOONE "STATE FAIR" -- with -- PAMELA TIFFIN Py LAW PHARMACY 1204 WECKER DR. 725-3525 The Hilerious Comedy Hit ZWEI.BAYERN IM URWALD JOE STOECKEL, BEPPO BREM nny TD ooo i IRVING BRE PRONCTD BK B iii VAL PLUS "ELVIS PRESLEY" & LAUREL ond HARDY miMONDAY OMB 1 DIT EDWARD PADULA: TSue Sn - SHG ore a UN FF wT ben mm oy ANN- ast ae he Lon -- aa ek Sulvan *& BROT AES SROUSE- EADS OMNA WHE av "AR ED KOIMAR - GEORGE SIDNEY omans amr WART + "MORE SER NN ae REEN AIR CONDITIONED SHOW TIMES 1,40--3.35--5:35 FOR YOUR COMFORT 7.35._9.30 The Heart-warming Story of AENNCHEN VON THARAU (LSE WERNER, HELMUT SCHNEIDER ONE SHOWING ONLY AT 7:30 P.M, NOW ... 2 GREAT HITS WELL WORTH THE SHORT DRIVE OVER... "THE UGLY MARLON BRANDO--SANDRA CHURCH AMERICAN" ALSO DRIVE OUT * TONIGHT ALWAYS A COLOR CARTOON! TONIGHT and SUNDAY ONLY! , Box-Office Open Tonight At 7:30---Sunday ot 8:00 Meet Jhe Shandella Of | Oshawa and Twist To Their Fabu- | | lous Rhythm Tonight and Sunday before the show starts! Come early! o Extra charge! Still Only 75c! y 4 RAAMAAAN - ils ) OSHAWA DRIVE. tN THEATRE CHILDREN can" FREE! * 4972 x ACADEMY AWARD WINNER GREGORY PECK---MARY BADHAM "TO KILL A MOCKINGBIRD" BOTH IN COLOR @ ALWAYS COLOR CARTOON BOX OFFICE OPENS 4S 8:00 P.M. @ senile SUNDA CHILDREN UNDER 12 KIDDIES PLAYGROUND GY] Aor. 2:00 3:30 PE = Bo ene oan 8:30 AIR yng : TWELVE ° H ene RRA