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20 THE OSHAWA TIMES, Fridey, November 8, 1963 BUSINESS SPOTLIGHT Duty Hurting Garment Firms VANCOUVER (CP)--A gar- ment manufacturer who has grabbed $1,000,000 worth of busi- ness in the- highly-competitive United States market says "eco- nomic schizophrenia" is ham- pering Canadian exports, Maurice Goldstone, president of Pride O'Glen Knitting Mills Ltd. of England, says his com- pany's Canadian subsidiary here captured a share of the Ameri- can market on its own. But, he said in an interview, with a little real help from the federal government _ Canadian manufacturers could capture a share of almost any market. "Red tape is one of our trou- bles. We pay duty on imported raw materials." Some of the duty was re- funded if the finished product was exported, "but small com- panies can't afford to have their capital tied up in duty, without interest." sell and at the same time our industries want protection Mostly they hide behind the pro- tection and put their prices up to just a shade under the im- port price." Mr. Goldstone said Pride O'Glen is the only Canadian company in the clothing trade with its\own office in New York. "DespNe the fact that our our way in\the American mar- ket by being creative and by working. The designs of our fab- rics and the styling of our gar- ments have given us the custo- mers." Mrs. Beverly McGavin, com- pany sales promotion manager, said Pride O'Glen entéred the New York market on the basis of a sole order. "We made a four-week trip to New York and got one order. That was from a department store on Fifth Avenue." The "We are told to get out and| store ran an advertisement with Base Metals Show Decline On Market TORONTO (CP) -- Higher prices helped to raise the 108- stock exchange index but base metals, golds and western oils all reg'stered fractionai declines in heavy trading on the stock market Thursday. Abitibi rose one point to 50, but other papers closed even. Maple Leaf Gardens jumped two points to 45. Banks were down, Dominion off % and Montreal, Nova Scotia, Royal and Imper- ial Bank of Commerce % each. Geco Mines dipped % while Noranda was up % in senior base metals. Bethlehem Copper fell 25 cents to $7.10 in juniors. On index, base metals slipped 02 to 59.41, gods. .57 to 128.61, western oils .28 to 82.51 and in- dustrials gained .26 to 125.32. The exchange index rose .20 to 125.32. Volume for the day was 4,104,000 shares compored with) 3,807,000 Wednesday | DIVIDENDS By THE CANADIAN PRESS Algoma Steel Corp. Lid., 40 cents, Dec, 27, record Nov. 29. British American Oil Co. Ltd. 25 cents, Jan, 2, 1964, record Dec. 6. Canada Malting Co. Ltd.,) common 22% cents, Dec. 16,) record Nov. 15. Canada Steamship Lines Ltd.,) pid. 3% cents, Jan. 2, 1964,| record Dec. 6. Inland Natural Gas Co. Lid., 6% cents, Jan. 3, 1964, record Dec. 18, International Utilities Corp., common 20 cents; pfd. 50 cents (U.S.), Nov. 30, record Nov.-18. Maple Leaf Mills Ltd., com- mon 12% cents, pfd. $1 3714, |were and wrote to us. | Toronto- | ja picture of a Pride O'Glen suit |RECEIVE LETTERS "American buyers. saw it, managed to find out who we From that first break, things moved 28 KING STREET EAST 723-4621 OPEN EVENINGS TILL 9 P.M, Jan. 2, 1964, record Dec. 12 ONTARIO Notice of Initial | PUBLIC HEARINGS on briefs concerning MEDICAL SERVICES INSURANCE Preliminary public hearings will be held as follows: Windsor--Council Chamber, City Hall 10:00 am. December 3 and 4 Toronto--Galbraith Bldg., University of Torontc 35 St. George St., Room 202-202A 10:00 am. December 11 and 12 10:00 am. January 7 and 8 10:00 am. January 14 and 15 10:00 am. January 21 and 22 10:00 am. January 28 and 29 These are initial, not final, hearings. Briefs will be pre- sented by a responsible officer of the organization con- cerned or the individual wishing to make the submission, or their legal counsel, Participants may have expert.wit- nesses appear for them. Participants will be asked to present only the summaries and conclusions of briefs as well as their recommendations, They are free to elaborate orally and offer arguments. Persons appearing before the Enquiry may be examined directly by the members of the Enquiry. Persons submitting briefs are permitted to introduce at the hearings supplementary information and material in written form. These, to be known as exhibits, will be filed with the Commission and numbered in order of presentation. REMINDER --Briefs (25 copies) on the proposed Medical Services Insurance programme must be submitted by November 15th to the Secretary. Dr. J. Genatp Hacer Chairman T. C. Ciarke, Secretary Room 418, 67 College St. Toronto t Telephone 365-4024 Ui Sng dE ASIII RDI si eed gM ish gy Duwy dian ghee gah | Mr. Goldstone said the plant; Mr. Goldstone estimates his o° a Cornwall mining promoter, be|a |her2 gives steady employment to\company will sell more than Cornwall Mining held in Cornwall County jail for|Mr. Jus' between 80 and 90 persons $1,000,000 worth of garments in Pr Ous extradition by the United States, sine fom in trom the milis ofthe 0S. market during 1964, 'omoter ted vere he faces two raaegee nglish' parent company are|This would be about 70 per cent E pretences involv - made into suits and dresses and|of its business. The rmaining) TORONTO (CP) -- The Su-\509, then flown out to shops in New|30 per cent will for the mosttpreme Court here has ordered! At Osgoode dial! here Pender-|0. H, York and other U.S. centres it ip lg PO rg eg i ali part go to Canadian consumers.|that James Barrett Pendergast,'gast was denied freedom under|hearing under the Extradition EATON'S in OSHAWA Save 10.00 to 45.00! Coats and Suits Distinctively tailored . . . fashionably chic! SUITS COATS Reg. 49.95 to 159.00 Reg. 39.95 to 179.00 EATON SPECIAL PRICE, each . 29.95 to 134.00 Both trimmed and untrimmed sty- les in wool-and-mohair, wool failles and tweeds. Trims are luxurious Canadian mink, beaver and fox and a wide variety of colours. Jun- ior Sizes 3 to 15, Misses' 8 to 18 and Women's 28 to 40 in the group. All coats fashionably styled for Winter wearing! EATON SPECIAL PRICE, each 37.00 + 119.00 Charming styles in boxy or semi- fitted suits interpreted in many luxury fabrics including wool wor- steds, tweeds and repps. Sizes 12 to 16 in the group, in a wide range of colours including grey, black, beige, brown, blue and wine, but not in every size and style. 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