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

16 THE OBHAWA TUES, Serendey, Moy 28, 1966 STOCKS AND FINANCIAL REPORTS a ae oe en = \MWeLrOLL mu By JACK LEFLER | Mid-May sales of new cars NEW YORK (AP)--Special in- totalled 242,407, an increase of terest was focused this week on|nearly 56,000 over early May) | reports from Detroit on mid-'put down about 33,000 from a | May automobile sales. year earlier When. reports of a drop in| Top Ford executives predicted jsales in the first 10 days of|that passener car sales, includ- |May were announced, the stock|ing imports, would total 9,000,-| market slumped and apprehen- 000 this year, second only to) sion about the business outlook record 1965, when 9,300,000 were sold ANALYSE INTENT Another analysis of the out- look was the report by the cen-| sus bureau that American con-| sumers intend to buy almost as| many cars through next April) as during the past year. | spread. | This time, the report on sales lin the second 10 days of May ididn't create much of a ripple. | That was because the results could be interpreted two ways: |A gain over early May and a decline from a year earlier, =i Fears And Friction Pose 'Threats To New Nation | By JOSEPH Mac8WEEN Since then the Fast Indians | Canadian Presse Staff Writer [have multiplied more rapidly The recent history of newly-|than the other groups, thanks independent countries points to partly to control of malaria in a danger of Guyana, the for- 'he areas where they live. The mer British Guiana, becoming! COMparison now \s estimated at another keg of dynamite 420,000 East Indians to 200,000 The strains of independence | Africans. The Kast Indians fall lare at best severe. But when a/Only marginally short of a clear inew country is divided racially, majority over all other races the situation becomes even This gives weight to the claim more dangerous, requiring the by Dr. Cheddi Jagan, 48-year-d wisest leadership and restraint. old East Indian Marxi that Forbes Burnham, the 43-year- he will win the first election, old Negro who took power 14 which must be held before De lyears ago, has shown a lively cember, 1968 awareness of the perils. He dis- Jagan, perhaps the best played considerable fairness (nown of West Indian leaders and detachment in sharing ap-/is given credit for putting Brit pointments between Negroes and ish Guiana on the map during Kast Indians, the two dominant 'his seven years of rule. He groups charmed leaders around the He has not yet had to cope| world, with the apparent excep with a security problem be- tion of the late U.S. president Companies, Trusts Record Dividends j=. 22 mee ey se By THE CANADIAN PRESS jpreferred $1.19, July 15, June! 1964 following eg eo ge Lege lining up with a right Westfair Foods Ltd., pre-|30; 4%-per-cent preferred series|°#! riots in which e j}wing conservative party in an ferred 35 ts: class A. 50/1956 $1.19, July 15, record June| test will come in October when election conducted on the ba ferre Cents; Class ; 190; 4%-per-cent preferred $1.12,|the remaining battalion of Brit-/sis of proportional representa cents, July 15, -- = pe roe ° are vane 16; 4%-per. (ish troops is scheduled to go tion Eddy Match Co, Ltd, 50/%uly 1, renord . bs AMPA ine cents, June $0, record June 18,/cent sate aaa gy f Pa dee Guyana has not only an ex --_-- FOR way iy a ge Chateau-Gai Wines Lid., com-; vents. July 1,\tremely mixed population but course, none of this means mon 20 cents, extra 10 cents, gues one in which the two main that Guyana should not have June 13, record June 6 groups are changing in relation become tngepennent--ts was far British Columbia Telephone | ;, to one another. This can lead patel Mihied cbiniea rule than C 0 ) cents, July 1 R clior a zed record June 15 Sen oe Its literacy rate "more ord June 16; G:per-cent pre ' T y ¢ 59 RATIO CHANGES 80 per cent, is probably ferred $1.50, Aug. 1, record July| Crown Trust Co., common 50 rial © eith 15; SM%-per-cent preferred $1.44 jcents, July 2, record June 1 dana pods = alightly | Dighest . hg ogi \ . ei. . c Pi ee country in the worlc hile the} He A ear © ro Sal a, teas ta tote Te, smaller then Britain a numbers of professional people} Ud te P' | July) cents, June 30, record June 10,| ast Indians 163,000; Negroes |VUnivers 0° Proveasional peon'e 15, record June 30; 4%-per-cent|common 18 cents, Sept. 30, rec-'y43 900; mixed 38,000; Amerin- sucn & CLOrS @ ot itl 8 } : en ~ommmnre Ord Sept, 9 ans 16,000: Portuguese 8,500; | Comparison with, for instance, | dians 16,000; Portugues o ene |Canada they are large enough! Harding Carpets Lid., com-| Chinese 3,500; and British 2,500, tn Lica Guvank @ mosh Senie }mon and class A 20 cents, July ain oumme saat ef Bond Market 1, record June 13 Co . ico Leases . | Calgary Power Ltd., common) min Prices Drop 1/15; S-per-cent preferred $1.25,| s Arctic Lands i: 3 foreign service officers to be |17% cents, July 15, record June} TORONTO (CP)--Prices were July 2, record June 2 generally lower in moderate} The Price Co, Ltd., common| Cominco Ltd, announced Fri trading Gi the Canadian bond 18% conix following F1ori spilt; day in Montreal it has pur-| tralned by Canadians Lf ; + ans Saver A Canadian company was chased for §500,000 a 50-per-cent) auaaral" ox 27) Toronto's industrial in dex was 163.45, up from 160.33 last week. The Mont- real index was up to 161,34 from 158.75 The industrial indexes on the Toronto and Montreal stock exchanges took an up ward turn this week. At the close of trade Friday (May » P A record. July preferred 30% record June 16 Sterling Trusts Corp., 8 cents lowing 5-for-1 split, June 30 ree than the Africa and Asia Canada has a stake of unus val proportions in Guyana. Ca nadian industry developed bauxite mines and Guyana sent market this wee Aug. 1, record July 2 ar Short - term Canada issues) "Third Canadian General In-\interest in 6,000,000 acres of|8tanted exclusive were off with the 3%-per-cent,|vestment Trust Ltd,, first pre-|petroleum leases in the Arctic| Ploration rights over a large Sept. 1, 1966, issue closing at/ferred 6214 cents, July 15, rec-|from Toronto» based. Bankeno|4rea--450 years after Sir Wal 99.60-09.70 Mines Ltd. Cominco is a mining) ter Raleigh termed the territory | The long-term Government of} Canadian General "invest-/and fertilizer producing com-|©" Derace, the lend of gold. Canada. bond market. closed|ments Ltd, common 2-3-per-|pany. {Some observers lWelieve that) about '4 point lower with the|cent non-cumulative redeema HUSKY PROFIT UP only now, with independence a SY-per-cent May 1, 190, issue|ble non-voting preferred shares Husk Ol Canad Ltd, Frida few days old, are some of Ra ending the week at 94 bid and/of 20 cents par value each for venaniad i "Calners nat leigh : expectations about to 4% asked }¢ach common share held. To be|'," : come true Treasury bills saw the week/redeemed June 30. Pay June 29 rig bm chani Ser " ( | rec 5 out up .01 to 5.11 per cent and/record June 15 yolyear compared with $901,000 in Does Your Lawn 5.28 per cent in Ol-day and 182-|. Fraser Companies Ltd, 3 sigs * ol day bills respectively July record June 30,|(@ same period last year. Earn Look Like A jungle? Provincials were 14 Montreal Locomotive Works|!"#$ were equivalent to 13 cents WT f,! ta x weaker in the long end Lid.. common 15 cents. » |a share compared with 11 cents rsd The municipal market contin-| record June 6 "in 1965, At 4 Ai/ ( 1 \ 4 Ye ' 10d active with $408,000 County! Cons, Paper Corp. Ltd., com-| CATTLE SHIPMENTS DROP of York, Ontario 6-per-cent 1 to}/mon 50 cents, July 15, record! Cattle deliveries at Canada's! 10 year debentures awarded on) June 3 d|10 public stockyards this week a net borrowing cost of 6.37 per) The Wellington Finan-| totalled 20,800 head, down about r) cent and re-offered at prices to clal Corp, Ltd., class A 9 cents,|3,000 head from last week and) \ \ yleld 6.25 per cent June 15, record June 3 the corresponding week last) 4 The corporate market was| British American Bank Note! year, the federal agriculture de-| li => fracti¢gally weaker on quiet/Co, Ltd., 50 cents, June 15, rec-| partment reported Friday in Ot-| | | trade. ord May 31 t if So, Put This Lion To Work LIGHTWEIGHT TWIN BLADE MOWER, Cot-| glog No, RE 184B--| Canada's favorite New cog tread tires with white walle. | 18 cut. Ya") high to ase 2) Chrome loop ord June 30 wore cents 28 to \% June ON NEW OIL SAVE vonsitces TAKE ADVANTAGE OF OUR BIG SPRING REDUCTIONS for installation in April and May. storage. | moto up for HP angs Powerful | NEW EASY TO USE WRAP-AROUND HANDLE SUNBEAM ELECTRIC ML AUGHLIN vam COAL AND SUPPLIES LTD. We are Offering SPECIAL SPRING PRICES to avoid the fall rush SO TAKE ADVANTAGE ON SAVINGS NOW! BUY A GARDWOOD FURNACE Call 123-348 110 King St. W. OSHAWA ed handle grip and con venient on-off switer ghtwelght, fost end per feetly balenced 2. Catelog ». HT300 --- Doble « Qo edge ng saw rips throug' qhest growth, Hedge leveler mokes "@ accurote. Powerf Sunde Come in and See Our Display Todey JOHN SWAN HARDWARE LTD. Ovhewe Shopping Centre TEL. 725-3527 LO £ iguies Affect Stock Ratings outlook than many countries in|' ;|buying 39 score 58 Steady Stock Drop By LARRY DWORKIN 63%, lihperial-Commerce 2% to Canadian Press Staff Writer | 9, Royal 1% to 7614 and Nova Paced by a rising New York) 8°0t* i %e Fi. eine. y Bo Pic yf rs aes) Among other industrials, Bell Telephone gained 1% to 5344 on wi eo snapped 8 five- 67,591 shares following an an- 2 : noun t P The New York market started) w ae P i! ° h bro gy d its upswing Monday on reports . { 5 oe ae rf buy # new or used car within | that a narrower U.S. budget bet an m ite latest quasteriy: 12 months was 187 per cent, 'deficit is expected for the fiscal 250 ana in the future mn. |2- compared with 18.8 per cent) nolan oF ba a, . during the April, 1965, survey, |722", besinning June 39, lessen-| stead of $2.20. It was Bel's first | In speculative mines, New New car purchases were in. eM ; ( dividend increase in more than|Mylamaque gained 6 to 37% tended by 9.3 per cent of the crease ae six years cents on 955,867 shares and Jaye households, the same as in last; gig or it Massey-Ferguson moved up| Explorations 15 to 19 vents, year's survey, market is "Sage ng ps and they \1% to 36% after the company | On index, industrials were up Intentions to buy new cars Point to the fact the market/announced a record profit for|3-12 to 163.45, base metals 3.01 within six months were also Weathered a mid - week AN-\the first six months ended April |to 90.26, Western oils 1.08 to about the same as a year ear-|"ouncement by the U §. auto | 30, of $21,200,000 or $1.37 a share 194.07 and the TSE 3.08 to 154.92. lter-4,6 per cent last month, dustry that mid-May sales suf-| from $8,100,000 or 54 cents a At Montreal, industrials were compared with 4,7 per cent in {ered @ 12 per ~ cent decrease |share a year earlier, CPR in-|Up 2.59 to 161.34, -ptilities 4.16 1965, compared with the same period! creased 2% to 60, General Mo-|'0 142.41, banks 3.92 to 124.09 Passenger car production de- De ' page ' tors and B-A Oil 2 each to 92| while papers fell. .31 to 114.45, clined this week to an estimated| , However, m hers hye rod gs mand 33%, Dofasco 1 to 24 and) ~~ ee en aionees 183,100 from 194,428 last week vi 9 had been anticipates. nd| Distillers Seagrams % to 33% - eee a@ year azo rs ae cela on ' Losses went to B.C. Tele "roduction for the year. to-\©'"@ * tea is ae phone, down 314 to 61% and At- tale 408,670 'against 266,68 At Torta olan comand ane Sugar Ye to 20% at this time last year. 13,393,092 shares compared with| pio ALGO USINESS BOOM wataeth BU J 8 16,970,865 last week, The mar-| Uranium stocks regained Steel industry leaders at the ket was closed Monday because most of the losses suffered in New York meeting of the Amer-/ of the Victoria Day holiday, Vol-| the last few weeks as Rio Algom jean Iron and Steel. Institute|\yme at Montreal was 4,598,346 rose 2% to 24% and Denison 21% generally agreed the steel busi-|shares compared with 5,910,284\tq 47% ness continues to boom and may jast week Noranda, which purchased a set records for production and ; shipments this year BANKS ADVANCE 50 per cent Interest in 6,000,000 Leslie B. Worthington, presi Banks' led the advance on the | 4cres of petroleum leases in the Toronto market following re-|Aretic from Bankeno Mines er dent of U.S. Steel Corp., pre "a Pty 4 cted steel production will ports that revisions of the Bank |Ltd., advanced 2% to 5344. Inco dicted steel production will be was up 2% to 9744 and Falcon ittle larger than last year, Act are to be made to Parlia- suas it totalled 131,100,000 road ment shortly with a partial lift-|bridge %4 to 91%. Pine Point Edmund F. Martin, chairman of|ing of the six-per-cent interest fell % to 61% 4 Bethlehem Steel Corp a\ ceiling considered likely Golds made the largest group little more cautiou The bank index was up 4.63 sain with the gold index jump yroduction of about to 143.82, Montreal climbed 314 | !ng 7.79 to 172.39. Dome climbed tons to 62, Toronto-Dominion 2% to|4% to 47% to account for most Output last week totalled _-- co increase. Giant Yellow-| 2,765,000 tons, off four per cent| LIVESTOCK j knife added 1% at 12% from 2,766,000 tons the previous | TORONTO (CP) Trading was active and prices generally week strong throughout the market at Western oils were fractionally higher with Scurry Rainbow up 1% to 2%, Hudson's Bay % to 19% while Home A dropped 1 |to 18%, Spooner, which plunged '67 cents last week, added 15 cents at 1,10 in speculative oils. | Dynamic was ahead 35 cents to The proportion of households | reporting intentions in April to FABRIC Village The First in Fabrics' With the widest se lection of rt @ Ro Cottons Woollens @ Brocades KING ST. Ww, AT PARK RD, King Park PHONE 723-0721 was forecasting 130,000,000 RENT-A-CAR DAY -- WEEK -- MONTH "5.00 PER DAY = wittaor'ow MILEAGE CHARGE 725-6553 RUTHERFORD'S CAR AND TRUCK RENTALS 725-6553 14 ALBERT ST, Oshawa pressure an income nflation saw FOR THE FINEST Custom and Ready Made DRAPES in the lotest Shades and Fabrics... eee... Mé DRY GOODS & DRAPERIES ORAPERY TRACKS CXPERTLY INSTALLED 723-7827 Butter prices: stabilization board carlots: Buying 40 Agricultural tenderable| 59; 59 score selling ONE 18 ENOUGH A. single séequola redwood tree contains enough lumber to build and furnish three large houses.! The for tax increase to combat appeared to ease P The president's chief eco bw aber ag public stockyards nomic adviser, Gardner Ackley, Replacement cattle demand told bankers attending a meet was good with prices steady ing in Madrid that the adminis Veal calf prices were steady on tration as yet no need tol iiont receipts, despite curtailed resort to higher taxes to COM | osher killing. Hogs were trol inflation mostly unchanged and lambs | were steady Slaughter cattle: Choice! Dept. Releases steers 26.50-27 with sales to| 18.40; good 25-26; mediums 23-! : 25; commons 19-23; choice heif-| Produce Prices |: stirs' win sauce %s 20%; | == ; good 24-25; mediums 22-23,50; TORONTO (CP) -- Wholesale| commons 18-21; choice fed year to retail carton eggs average|jings 26-28; good 23-26; good| weighted prices quoted by the cows 21-22 with sales to 2%: me-| department of agriculture as of|diyms 20-21; canners and cute| May 27 ters 15-19.50; good heavy bo Eggs: .Wholesale price tojjogna. bulls 22,50-23.50; come| country stations fibre cases) mong and mediums 17-22 quoted by the Toronto Board of Replacement cattle: Good! Trade from wholesale egg deal-| stockers 27-20; good steer stock ers: Extra-large 42-43; large 41; | calyes 30-81 with sales to 31,50; medium 37; small 34; B 37; C| good heifer stock calves 24-26; commons and mediums 22-27, Calves: Choice vealers 34-38 with odd sales to 44; good 30- 33; mediums 26-29; commons 22-25; boners 18-2] Hogs: Grade A 36.90-38 60: | heavy sows 25.30-25.90 with two- dollar premium on light sows; | Stags 21.10; boars 16.90 live-| weight 74 Celine Street SAVE $$ ON AUTO INSURANCE If you are an Abstainer you save up to $22.00 on your auto insurance. "JOHN RIEGER 597 KING ST. E., OSHAWA DIAL 728-7567 THE TIME OF YOUR LIFE STARTS HERE me mmc meneame one Please send me information obout the GRAY ROCKS Fun Week which | have checked below ] FAMILY ECONOMY WEEKS ] BUDGET GOLF WEEKS 2 children under six, FREE [) HONEYMOON PACKAGE (C) LEARN TO GOLF WEEKS ( ECONOMY WEEKS Name -- Address City | Mall te: cient Province ane ones GRAY ROCKS INN, St, Jovite, ?.Q.. Canade Got some lazy dollars? AS Put them to work for you! Having cash is great -- but it's just a beginning. Making it work for you is the next step. You can use your cash to buy an Investors Syndicate Single Payment Certificate, It offers you all these special advantages i. An attractive guaranteed interest rats 2. Interest compounded annually. 3. Extra profits through additional eredits. 4. No income tax on the gain until it is actually received, 5. Excellent collateral value at all times. 6 Retirement income option without additiona AND ENDS HERE What makes a vacation at GRAY ROCKS INN such « delight? Is R goif, sailing, riding, or any of the other dozen and one activities? Is it harbecies on the beach, or dancing to an orchestra? Or Is It the scrumptions French-Canadian cuisine, the summer scenery or the com | viviel atmosphere? Few of our guests can agree on an explanation. But then there must be some reason why they keep returning to GRAY ROCKS again and again. Wall Street Stops ------= Great Ontario Adventure Vacations The Wilderness Way of the Voyageurs Around the north shore of Lake Superior, and west- ward past Kenora, Is a vast territory of breathtaking beauty. Here you. can enjoy a most spectacular Ontario Adventure Vacation, This is Voyageur country--an endless un- folding of limpid lakes and virgin forests and the oldest rocks in the world, For hundreds Of years, travelling here demanded a strong back and a good canoe. Today, modern high- ways Carry you smoothly, easily, Accommodations are frequent and well- appointed. The fishing is among the finest in a province renowned for good fishing. Swift float- planes provide fly-in service to comfortable camps and lodges, miles from the nearest road, And in bright and busy towns and cities you can find all the amenities you need. But the real pleasures of a northwest vacation are the simplest of all to get. In the fresh pine- fragrant air, under wide open skies, city cares fall away, You sleep deeply, awake refreshed Life tastes good again A Wilderness Way Ad- venture Vacation will help you--and all your family-- to grow a little, inside. Start your planning now, by mailing this coupon today. Ontario Department of Tourism & Information SPECIAL: low, low off-season rates! ALL SUMMER FAMILY PROGRAM Bring your children! Completely equipped playground, supervised beach, FREE swimming and tennis instruction, monitors and special dining hours, A bonus not enty for the children, but also for you. MURRAY SMITH strict Manage: 941 Oshewe Blvd. N Res. 728.3186 A. FE. "AL" SWAYNE strict Manager S58 Oshewe Bivd, N Res. 728.1814 if you want te know what you're missing at GRAY ROCKSINN ST. JOVITE, P.@, CANADA Tel. Area Code 819, 425-2771 ff ot the coupon, er telephone au C5lOUd. svxvicaTe LED Business -Phone 725-1513 Province of Ontario, Department of Touriam & Information, Parliament Buildings, Room No, 488 Please send me fy bout a Wilderness We