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

es ----e eee ' §TOCK MARKET TORONTO 10:40 A.M. STOCKS Distributed by CP 5 200d Terente S1eck rxcnange-- Quotations in cents unless marked lot, rights, xw--Ex-warrs from previous june 7 s xr ---Ex- is xd--Ex-dividend, Net change closing sale. High Lew am, Ch'ge 5 1% 174 1744+ 1a 14 e ni 13 "4 «#8 5 205 205 ee wee 1% 3% 13% ma os ne 2 13 7 1 <i oun tb ounenell <i 8s $<88s Sua¥edetisis 7 tli l+e++t S<B8Sx $ s 100 290 " Ui + Me » 1 SBSh8S8s scs38s 9 14% 14 "0 350 350 824% 24 = 2 S a sseeseeesd 8 100 8790 a 325 100 120 Can Malt 619% 194 194+ % Cdn Brew 6% 6 867% om slo ™m 995 mm | Ce al aw 995 +15 cB AIBw Cdn Can A $15% 15% 15) --ta! %\ the uncertainties of tying future Crow Nest Crush Intl Cygnus A Cygnus B Dist! Seag | D Bridge | DB Electro Dofasco D Scottsh p Dom Store Domtar D Textile Dupont Faicon Fam Play Fleet Mig FRE Pion GMC | GL Paper GL Power G Wpg Gas Guar Trst Hard Carp Hard Crp A $i Pit A 8 eri Hayes Horne Home Home Huron Husky Ol! Husky A pr Husky D W Se | ee ed $154 15% 154 $15 (15 290 «390 v7 $34% $21% $17" *) but also help give Canadians a * siderations and also the press- ,\reliance would not only reduce STOCKS AND FINANCIAL REPORTS TRADE MINISTER WINTERS SPEAKS ANT LBA On Foreign Investments MONTREAL (CP) -- Canada should try to become more self- reliant financially to cut down economic growth to continue large inflows of foreign capital, the Canadian Manufacturers's Association was told Monday. Trade Minister Winters and A. T. Lambert, chairman and president of the Toronto - Do- minion Bank, both took the same approach at the associa- tion's annual meeting, arguing that depending on foreign in- vestment could lead to difficul- ties, Mr. Winters said 'more self- uncertainties about the future, larger stake in future growth. "Bearing in mind these con- ing requirements for capital in s;other parts of the world, there ;prudence and not because the is, I believe, a need to expand our own supply of investment financing within. Canada. "This is a matter of common Urgea 1d count, had been scheduled to address a banquet Monday night. Immigration Minister Mar- chand told the convention man- agement may have as much trouble as labor adjusting to new technology in industry in order to maintain' high produc- tivity levels. He said that unless man- power is used efficiently, a slowdown in the expansion of the economy will result. 'The sum of low productivity and an expanding economy could equal widespread poverty." TAKES NEW POST Mr. Marchand becomes min- ister of manpower and immi- gration in the government's re- organization, ; He noted the population, now nearing 20,000,000, pvill nearly "(4 Glas' | wIY WEY VV double in the next 20 years and said that unless governments at the federal and provincial level work with management and la- bor to solve manpower prob- lems, Canada "could well change from a 'have' to a 'have not' nation in the global com- munity." He asked whether manage- ment has considered the pos- sibility that in certain situa- tions, jobs must be adapted to the capabilities of employees rather than vice-versa. "We know we are in a tight labor market at: present. We know we need to improve pro-| ductivity. But if we put these two anamalous factors together, | we may discover that in cer- tain situations the only way to ensure a measure of produc- tivity is where the job is tail- ored to the man." some Would Pay More Car Ovtput To Pick Up DETROIT (AP) --U.S. auto production picked up momen- tum this week with indications ~-- about 180,000 cars will be built. The predicted output com- pared with last week's below- par offering of 146,968 cars. The main cloud on the pro- duction horizon this week was continuation of a strike at at Ford's Metuchen, N.J., plant which began May 10 and which has cut nearly 18,000 units from planned Mustang production. For the rest of the model year, it appeared likely the in- dustry would wind up with about | 8,650,000 cars, second only to the record of 8,840,000 in 1965, | One of the brightest spots was) the continued healthy build of} trucks, The\May total' of 165,603| was an all - time high for that month, surprising the old peak! of 153,490 a year ago. } DIVIDENDS | | | By THE CANADIAN PRESS | THE OSHAWA TIMES, Tuesdey, June 7, 1966 & Foreign Firms Tell Why Canadian Don't Get Stock MONTREAL (CP)--A num- ber of wholly foreign - owned subsidiaries in Canada have told Trade Minister Winters they find it difficult to make equity Mr. Winters said his letter last month outlining the prin- ciples of good corporate citizen- stock in their firms available| been to Canadians, the minister said Monday. Speaking to the Canadian Manufacturers Association con- vention, the minister said, how- lever, it is still the longe range jobjective of his guidelines for good corporate citizenship in 'Canada by foreign firms that |they offer stock to Canadians. NET EARNINGS By THE CANADIAN PRESS Radio Lid., ended March 31: 1966, $1,269,367, $1.17 a share; 1965, $1,068,584, 99 cents. { Bethlehem Copper Corp. Lid.,! year ended Feb, 28: 1966, $2,-| 768,533, 53 cents a share; 1965,) $3,210,700, 62 cents. year structive." However, some companies had indicated they would en- counter difficulty in complying guidelines may not be pos- sible immediately, help the subsidiaries themselves with Canadian prob-|// lems and goals. BRIEFS BUSINESS EVANS HEADS AMC Directors of American Motors General Products Manufactur-| Canadian Industrial Gas and|Corp. meeting in Detroit Mon- ing Corp. Lid., class A 50 cents; | class B 50 cents; July 15, record| June 30, P. L. Robertson Manufactur- ing Co. Ltd., one non-cumula- tive redeemable preferred share of 20 'cents par value each for each common share held re- deemed June 30, record June 15; 6-per-cent first preferred 30 Oil Lid., three months ended March 31: 1966, $1,421,931, 30 cents a share; 1965, $1,307,187, 2% cents. 950; ures, 1965, no comparative fig- day elected Robert B .Evans as chairman of the board, follow- = resignation of Richard z. Cross, Roy Abernethy con-| Coniaurum Holdings Ltd.,|{inues as president, general) year ended March 31: 1966, $11,-| manager and chief executive of- ficer of the company. CIL HIKES PRICE Canadian Industries Ltd. an- SMITH ENNOBLES SMITH SUNDERLAND, England (CP)--Durham factory worker Mike Smith changed his name to Noble so that his prospective bride will not be embarrassed on their June honeymoon, "There are ton manv iokes about Smiths and hotel recep- tlonists," says Smith whe adopted his mother's maiden name. TOMENSON, SAUNDERS' PPOINTMENT | Charles H, Dewhirst, C.L.U. has | joined the life, groupand pension department of Tomenson | Saunders Limited, general | insurance agents, where he will act as a life consultant, GUIDANCE FROM ABOVE | noimced Monday in Montreal an| 'Via Anti-pollution T ste ae in plus 26 cents participating div-| HALIFAX (CP)--Nova Scotia| increase in' the price of sul-| v ia l po u 10n ax idend, July 1, record June 17, |Liberal leader Gerald Began di-| nhuric acid that will : : : British International Finance|'ected the four-man opposition tive July 1, 1966. The company| knowledge of corporate and By DAVE BAZAY the industrial - process. Steel| Canada Ltd., class A 5 cents, |in the provincial legislature dur-| saiq 66-degree baume sulphuric| individual insurance id th : % : SHERBROOKE (CP) -- Can-| companies of Europe could Pro-| June 30, record June 17 ling the 1966 spring session by| acid will then sell for $25.00 a| qualifies him to pro' expert ter sald the government's alm) ag, should consider imposing|duce a ton of steel using only" Erie Flooring and Wood Prod. Writing notes and sending them| net ton, up from $23.50. advice and counsel. is to make the best use of the!1,+es on ndustries in proportion|one-eightieth of the water re-| wets Lid., clase A 30 cents June|down from the spectators' gal-| | ,,Prior to this appointment pear ye = as technologi-| 1, the amount of pollution they/quired by North American'39 record June 15. \lery by messenger. 'Mr. Regan, | PINE POINT SOLD | po tpg roy was os while minimizing the disadvan,|Sreate it was suggested here/ plants. ee Supertest Petroleum Cor p.|who does not hold a seat in the) Shareholders of Pyramid! gice company as manger of : vacludine the danger of ny: Dr. A. D, Misener, associate ytd preferred $1.25; ordinary|43:Seat House, has at times been| Mines Ltd., at S penal meet-| their training In -_, aggore the psc 4 vor.|, This suggestion was made|director of the University of|95 'Cents; common 2% cents,|Jokingly referred to by Progres-ling in Vancouver Monday, over-| that capatiay, Gs Gate Ge pb ie sat ia uences irom 0°) during a discussion of water re-Toronto's Great Lakes Insti. Juty 15, record June 15. |sive Conservative members as! whelmingly approved the sale| tensively conducting eaminass | eigncapitals. sources by members of agen yt real problem "a Consumer'a Gas Co., common, 'the prophet upstairs." lof their ore deposit to Pine| onallaspectsofthelifeinsurance AFFECT CANADA Roval Society of Canada, the|the Great Lakes was a 'prob-'19 cents; 514-per-cent series A' ----C--CSCN""--*(Point:« Mines Ltd. Pyramid ness. Mr. Lambert said the recent|country's leading academic or-|lem of. making wise, workable «1 971 5\%4-per-cent series B |shareholders get 526,400 Pine sit tnt ie ee United States economic guide- and other offices in M ton and ° ganization, which Mondayjand far-reaching decisions re- s1'571,° cents, July 1, record) In the United Nations, 77|Point shares, which works out lines, calling among other|opened its annual meeting at garding their management and June 16. Homi Sudbury * things for foreign subsidiaries of| the University of Sherbrooke. | use SS U.S. c ies ret Dr. W. M. Cameron, director; Members of the Royal Society ' % deg gy on g ecig pon the marine services branch| could all be involved in seeking BOND MARKET | how "conditions and govern-| of the federal mines depart-|a solution. ; mental actions beyond our con-|ment, agreed that the tax ap- Given the pherewithal, scier- 'TORONTO (CP)--The Cana- trol" can affect Canada, proach would be feasible andj tists "can ascertain the facts of\dian bond market was quiet "In view of d dence not an intolerable economic the lakes' behavior and can pre-|Monday with prices generally Be ence burden on North American|dict what can or can not be unchanged. on capital inflows they suggest! : d i hei is : : ; ; firms. jdone regarding their manage In short-term Government of that we Canadians should be Canada bonds, the 4%4-per-cent > " The issue was taised by one| ment." Saas ay eee lees anai™t the delegates who cited the} "But the sociologists, the| April 15, 1967 issue closed at f | i i anti - pollution program that|economists, lawyers and poli-|$99.10 bid and $99.15 asked a Yt maps thon forelgn own-| eaned up West Germany's) ticians must study them to de- Government of Canada 41%- ee eee o eace'e office| Ruhr River, where towns and| termine what should be done--|per-cent - Sept. 1, 1983 was _ Premier Jean Lesage's office industrial plants are charged) what part of which lakes should|quoted at 86% bid and 87% ms "e Quebec meanwhile said the levies in proportion to the im-| be used for which purposes and caked. _. y| premier could not keep a speak- purity of their waste. lis what extent: ing engagement with the CMA. ' pens Sanh iipehees : The premier, who saw his|}CUT WATER USE ; ~ "Liberal party lose a provincial] This method also encouraged CHEAP AT THE PRICE '"'election Sunday to the Union|companies to cut down on the; Man ~ made _ industrial "| Nationale party by a 55-5! seatl total amount of water used in!anonds cost $6,000 a pound. H Bay Co cents; third preferred 25 cents HB Oi! Gas Imp Ol) | Imp Tob Ind Accept *| climate here for foreign capital 4 : 4 jis not friendly. Commenting on the present debate about foreign-owned sub- sidiaries in Canada, the minis- Mr. Dewhirst brings to this appointment a broad be effec-| in life insurance sales, His Inglis 1BM IMC Int Nickel Int Util int Util pr Frobex i Intpr Pipe Giant Yk 13% V3%e---e| Intpr Steel Glecier 0 1 +, bv Gpa Glenn Exp James Sti Jefferson 0% 9% +% ao Duvan ny WY. 4+% East Sul! +10 Frner VOTES WEIGH HEAVY Lob $78% 774 Ti a % t% 4 int Bibis T 0 68 68 1 Kenville 4 1% Wa a iron Bay Iso Jaye Jelex Joliet Joutel Kerr Add Kelly Dsd K Anacon Kid Coper Lab Min L Dutavit Lakenead member ~ countries have a to-|to five Pyramid for one Pine Maclean ~ |tal population of only 12,000,000.' Point share. } MB Lid \-- M Lf Mills Mass-Fer Met Stores Milt Brick Molson B Montex Montex pr Moore Morse A Mrphy Pr Nat Drug Noranda Nor Cll G Nor Phone NW Util p Onf Store Oshawa A QN Gas pr Pow Corp Price Bros 200 $13% QN Gas 1 $s) 3 QNG 54 pr $98% 98% | QN Gs 63w 620 620 Rank Org 35% 5 Revenue $7% a 7% Rothman $27% 27a 27% Royal Bnk $74 742 74\o StL Cem A ye > eee Sayvette 30 «80 5 Selkirk A ? 7 Shell Can $2)" Shell Inv w 710 Shop Save $i2% Shopper Ct 390 Silverwd A Slater Sti Southam St Paving Radio H x 0 3 102 102 102 $11% 11% 11% 7 63 70 Ss WO WO io 64 40 40 $27%4 27% 27% $V 10% Wat | | | | -1 -~V + +15 ~ % +% 4 394 WA Va ashes $22% 22'4 224+ 26\4 4 12 1M 1374 1% | Day-to-day money was quoted at 5% per cent. Treasury bills were quoted at 5.10 per cent for dia-|91-day bills, and 5.28 per cent 'for 182-day bills. 13 98% $14%% 14% 14% 420 16% 144 164 5 8) 8) 8) 199 159 «(159 45 45 45 362 Ula V's 262 «259 «259 4 " u" 51 5) 5) 350 «350 ---§ 500 30 0-5 1000 «(10 0 10 = 1 3000-13 13 13 625 $4 820 520 --$/| joo 40 0 OT 140 15 15 «(15 1. A bch da! mae} nina +9 $32 380 37 & 2) 1 Can Stuart Hse Suptst com | Tamblyn +1). Tor Dm Bk Tor Iron A Tdrs Fin A mM 8 WAt+% 1000 $18 18% 184-- 1 | 1000 14 "6M zrioo (77 1800 36 3300.76 63% 6% | 47 4] =m % 10% = Va) 3 339% 1%" 1% 9% 9% " 23% 24 124 12 $152 154 1514 | $33%4. 32% 23% -- % 400° 400-400 125 125 125 45 435 435 $284 27%e 28 + % $17%e 17% 170 320. 20 2 $2194 21% 21% $89 89 894 --~ Ve $242 242 2U'e 180 180 180 +5 FOREIGN TRADING 100 175 175° (178 3 635 495 40 980 ms 5 165 7 6 6O7T | wr WA hl J8.....T6 pote Cane Pts Trans Mt --8)| Trans PPL | UNAS Inv Un Carbid +7 +10 + ce Expl Pick Crow Pine Point Well Fin B Woburne West ind A Westc'st W Pacific Weston A Weston 8 5s +1% --%* +1 13% + Me +5 66 13% 4 250 780 zo 25 5 100 Air Canada, faced witha labour dispute, 100 300 300 300 155 $10% 10% 10% 500 70 70) 6 700 153 152 152 830 $24% 24a 24h -- 4 1500 27% 274 27% Zenith Rix Athab oman Ryanor fen A Sherritt Sigma Silvrtids Agnico Deerhorn Dickenson Granduc Opemiska Place Gas Spooner Willroy +2 1000 100 100 100 495 +35 400 780 = 100 275 10 0 1 $s 100 pledges to do its best 165s Dozois Bares | Boao. We 8. rary rieage : MONTREAL (CP)--Paul Do zois, who may be the finance minister in any Union Nationale government of Quebec, said! | Sunday night his party is |Pledged to give the province ;complete control over personal ;and corporate income tax and succession duties. | Mr. Dozois was re-elected in jthe Montreal riding of St.| Jacques, part of the Union Na- tionale's achievement of a nar- row majority in the Quebec leg- islative assembly. His party's financial spokes- man during its recent years in opposition, Mr. Dozois said in | an interview that the Union Na- tionale would implement its electoral programs partly |through the reverue garnered from the added powers of tax- ation, He said the vote Sunday showed that the Quebec electo- |rate Supports the Union Na- tionale position that a reformu- lation of the Confederation agreement is necessary Mr. Dozois said a Union Na- jtionale government would un- 3 dertake "a vast fiscal reorgan- be Pi ha 4 5 | ization" of which the Quehec vrs 600-25 | takeover of the income and suc- i " 4| cession levies would be a part. | gaana 4am --4| Currently, Quebec controls 75} mus 26¥4 t 2) Per cent of succession taxes on os as. its residents, 47 per cent of per- 7 sonal income tax and less than S., y,| 20 per cent of company income 7 tax. 23% 52% 24 244 Ue 10 110 to fulfil its normal 500 100 51S 515 2000 3535 9500 31% 31 100 118 115 4200 1 «18 00 38 OILS, GAS 1000 70 3000 5025 278 100 nl 225 sis 35 n A us | 140 | 2B service obligations Wr Har; Yukon ? Zulape to the Canadian flying public All Rex +1% 1966 Summer BRIDES EDITION An edition of interest to brides past, present and future, is to be published Tuesday, June 21st. An interesting edition with high read- ership, The Brides Book offers advertisers the opportunty to reach hundreds of prospects at a time when they are ready to buy. If your Times advertising representative has not al- ready approached you, plan to be represented in this feature. S18% 18% 18% S10% 10% 10% 135 (135 «(135 $14 14% 14% 390 390 390 320. 320 320 $11% 11% 11% + si" 255 AIR CANADA'S OBLIGATION TO YOU. In the national interest, Air Canada recognizes that it has an obligation to do everything in its power to ensure continuation of its services to the travelling public. Although the national airline is presently faced with the possibility of strike action by some of its sales personnel, this obligation of service to the nation will be honoured to the best of the Company's ability. HERE IS THE BACKGROUND. With great regrets, Air Canada must announce the breakdown of negotiations between the Company and its Sales Employees' Association. The Sales Employees' Association represents 1,500 passenger agents at Canadian airports, city ticket offices and at reservations offices. This association has now decided to termi- nate its discussions with the airline ane conduct a strike vote. Prior to this, a conciliation board had unanimously recommended a 15 per cent wage increase on a 30-month contract, with a cash retroactive settlement and other tangible benefits, Both the Company's and the Association's negotiating teams had endorsed the proposal and had undertaken to recom- mend it to their principals for acceptance. Air Canada accepted the conciliation board's recommendation. The membership of the Sales Employees' Association did not -- it was rejected by a majority of that portion of the Association's membership which voted. Despite the Association's decision to conduct a strike vote, Air Canada still hopes that # settlement can be reached. THE COMPANY'S PLEDGE OF SERVICE. Please rest assured that Air Canada will give all its customers the best attention and service that can be provided under the circumstances, should any work stoppage occur. 100 Gr Plains Gt COlisds + + rr Prairie Ol --10 Prove Gas 25 235 23 - Ranger Ranger R Seurry Rn 1 2 1 \ pooner f Tried Ot 1 U Camo J Un Reef P 2 | W Decalte 320 +5 INDUSTRIALS 770 $11 10% 10% 225 $234 234 23% Abitib! 0% yu: 19% Argus 2.50 pr 25 MM Atl Suger 100 All Sug A 140 CALL NOW....... 723-3474 TIMES ADVERTISING DEPARTMENT The Oshawn Gimes , +M GARBLED JOB SWANSEA, Wales (CP) -- When a Swansea court asked) Ernest Arnold 4 s occupation, | he replied he was a municipal | garbologist. The judge asked | what that meant and Ernie} cheerfully explained he was a)\ « trash collector, r Brazilian 10% BA Constr ? 4 Calgary P Calgry P p Calvert Die 27" AIR CANADA (¥) 2 j mM+h