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18 THE OSHAWA TIMES, Mondey, June 13, 1966 - STOCKS AND FINANCIAL REPORTS STOCK MARKE sad we ms 2% 31% ve 19% 184 --- 1% 19% "uM Um 21% 21% +" ie War 2 va 33yy gretast 33* RS 3 3 $33 333 ; ; yi : r « é ++ z astsjtyst = J 3 > M = BUSINESS SPOTLIGHT Several Views Prevail the tight money situation? Tight Money Situation By JAMES NELSON terest rates also is high and, tion and chartered bank ¢ OTTAWA (CP)--How tight is| rising. held by the public, reported Whether you call it tautithe Bank of Canade, does Economists, politicians an 4! money or tight money, it is be-| give a true picture of prin Sa 4 ures About Oil in Canada." ee ee I i a ols Canadians Top Petroleum Users TORONTO -- Canadians use,spent $12.7 billion in the past more petroleum products per 20 years, searching for and de- person than anyone else in the! veloping oil free world, according to the/building pipelines, latest edition of "Facts and Fig- and other facilities. The booklet and gas fields, refineries | adds that "'only in the past four The nation's estimated oil| years has revenue from oil and product consumption for 1965 "tural gas production begun to averaged 750 gallons per per-|€xceed the amount spent on ex- son, That's nine gallons more|Ploration and development. As gallons per day. Gs) 2, SS VATSEN WSL STC Ee ceeds $2 billion." And -- for those who really want to know -- the dockside es SEP ES be) iat 3: price of Guanipa, Venezuela crude oil was $2.53 per barrel. In-B.S. funds. DEBBIE REPLACES MARY Debbie Reynolds co - stars with Dick Van Dyke in the new movie Divorce American Style. L = The statistical booklet, an an- nual publication of Imperial Oil, contains information on every- thing about the petroleum in- dustry -- from a breakdown of = & a i ~ Seek Be 5S government officials have dif-| ginning to grip the construction) money. fering views and there is no ac-|industry ,and some other lines) INTEREST MAY RISE cepted measure of tight money of endeavor tightly. The other factor currently on which all of them agree. | But so far there hasn't been| overriding the situation is the It's 2 combination of shortage|the general complaint about) six-per-cent ceiling on the inter- «| of money for investment in new tight money that there was in/est which may be charged for plant and equipment, including the middle and late 1950s. jloans from the chartered banks. housing, and high interest rates) In fact, interest rates are in- that businessmen and home-| CITES FACTORS clined to go higher than that, owners must pay for borrowed| Dr. 0. J. Firestone, noted Ca-\through market forces, First money. |nadian economist now vice-dean| mortgages now are costing as Opposition erities of the . of social sciences at the Univer-| much as eight per cent. ernment make no bones about 'ity of Ottawa, said in an inter-| But the six-per-cent bank in- criticising the government for|View recently there are twol\terest ceiling does not mean| tight money. Government offi-| main factors in the current sit- that money is available at. six cials, on the other hand, refer| vation that differ from the sit-\ner cent from the banks, Ac- "| to it as taut money. So do bank Uation in the 1950s. cording to reliable sources, on %| presidents and some ists| Now, he said, there is a large|some loan applications, the outside the government service) pool of funds held by investment/banks will require a borrower -- %| as well as in it. lfunds and trusts waiting for|to keep a sizeable amount of | Available statistics seem to market conditions to be right for' funds on deposit without inte- lfavor the taut money idea--the| investment. At the moment this) rest. idea that while the money sup- large pool of money is inactive,, This is a deterrent to a bor- ply figures reported by the bank) though it is part of the public| rower of doubtful risk. But it is of Canada each week show a money supply. jalso an added expense to the) general upward trend, the cost) For this reason, the $19,600,-|commercial firm with a good lof money" as represented by in-|000,000 in currency in circula-|credit rate. 3 3 33 = + R 5 * a=38 Rsz8 - 3 wow bbe 1 li+ " 1 W% 1% > 1% | St Wh sets BS ANOTHER RECORD The Dominion Bureau of in four months. Prices were Statistics reported June 7 up for fresh fruits, vege- that the Consumer Price tables and dairy and bak- Index rose one-fifth of one ery products. The index is point during May to a new based on 1949 consumer high of 143.4. However, the prices equalling 100. increase was the smallest -~CP Newsmap 33 ++ rs zuela. Oil companies 1965 re- iceived 44.3 cents of the motor- ist's gasoline dollar. Federal |and provincial governments re- ceived 38.1 cents, and service |station operators, 17.6 cents. | he, booklet reports that |"crude oil is now the leading | mineral in Canada in value of affairs, are either the re-| production." The 1965 Canadian ternal Denounce US. |sult of chronic timidity or of|production of 921,000 barrels | tacit agreement to the actions! per day represents an increase lof the American government in of more than 4,300 per cent over Viet Nam." the production of less than two The statement sald the U.S. decades ago. WINNIPEG (CP) -- Canada should stop bombing North Viet| The Imperial publication says should be asked to publicly de-/Nam and should seek negotia-| that oil and natural gas sup- nounce United States action in tions with the National Liber-| plied 71 per cent of all Canada's . |the war in Viet Nam, a policy statement approved by the refused to say whether anyone|/ Manitoba conference of the ation Front, the Viet Cong polit-| energy needs last year. It also) ical arm, states that the ofl industry has outside Canada had made an of-| United Church said Friday. fer or showed interest in acquir-| The statement, issued by the ing control. jevangelism and social service Columbia Cellulose, # Vancou-| committee at the church's an-| ver-based forest products com-|nyal conference, said the gov-| pany, decided to omit its 10-cent| ernment should publicly declare tL " " 8 13% 134 34 5750 a 18 I + m1 Mm 1 WO 30 M5 5 227 mm mM +4 1000 19% 13% 134 ae | Bs ae 1s a+ Ve I "e Lev F 200 50 $25 254 29h me Dr Da+ % hes Mh, A m " ou Ce ee 15% 1S4---~ Ve os 6 +h Con Negus Con Nichol Conwest Cowich Crowpet Onering D' Aragon O'Eie Denison Come Ooneide Dunreine 7 is 715 " "4 OO 210 1300 1 2 ; : + Ww % Canada Development 'Corp. Resurrected Again By GORDON GRANT 929 $25 200 $194 30 $35 100360 360 360 50 833% 3% 174+ 1450 519% 19% 13% 300 $15% 18% 15% GARY NESBITT Representative SUN LIFE OVER 40 YEARS EXPERIENCE! Take advantage of it! 24 hour ser- vice; and radio dispatched trucks always on the ready to serve you. Fue! Oi! Budget Plan aveiloble. NOW IS THE TIME " li Vim Ve 2 2 +3 6 1% wm mn a0 6 oO 835 4 107 110 Frncoeur Probex Gener Goldray Goldrm Nt Contein Nt Contin w Nat Drug Norande Nor cr @ semi-annual dividend on com- that American involvement in "Big Government, no matter) mon stock to conserve cash (0! the war is contrary to the 1954 Gortdrm Grendus Gulf t Gunnar Hastings Nor Ci Gp Nor Phone Ogilvie Oshawa A Overland Pac Pete 310 826% 26% 26% 25 865 64 6% 806 $17% 12% 114+ Ve Canadian Press Staff Writer The Canada Development Corp., sired in Walter Gordon's 1965 budget, has been resur- rected in the last month after how inefficient it may be, is for politicians at least, always pre- ferable to Big Business. The problem with government-spon- sored capital formations like the pen epee tee regulre-| Geneva agreement and the in- iterests of the people of Viet Kraft which is building an $80,-\Nam oe 000,000 pulp mill. Skeena is 60- Nam. "It seems to us that the vir- TO CONVERT AND CALL | McLAUGHLIN Assurance Company of Canada per-cent owned by Columbia. "Another Vancouver based Company Laurentide Financial Corp., says it will get a $9,000,- 000 injection from Power Corp. and added it will show a sub- Oshawa Shopping Centre Phone 725-4563 tual silence of the Canadian gov- ernment on the Viet Nam ques- tion, broken only by the occa- sional remarks by the prime minister or the minister of ex- DT a Pow Corp 100 775 715 775 Price Gros 165 $79% 212 8774 H sag we 1 100 $11% 114 11% + Vs 1175 $19% 13% 13% -- Ye 2200 8144 4 ee + Ve 200 88% Sie 5% 100 $1786 1784 17+ % 100 $22 27-4 2714 = V4 909 $734 73% 73% + 20 410 9% 10 + proposed CDC is that they are prone to becoming examples of |modern - day pyramid building ifor the aggrandizement of the | political image." being virtually forgotten by the investment community and poll- ticians for some time. Last week, Toronto invest- | ment dealer Bongard Leslie and COAL & SUPPLIES 110 KING ST. W. 723-3481 Pco Expl Peerless Pine Point Placer Sateliite Sherritt Sigma Silvrtide Silvmeq Si Miller Siscoe Stanrck Steep & Teck Corp Texmont Tormont U_ Butted Un Cmate Un Macfie Utd Pore Wesmac West Mine wil Asamere Bantt Calvert c Ex Gas Cdn Sup O Cdn Tricnt Cent Dei Chater © hieften O - West P Dome Pete Dynamic Farg Frenct Gr Piains Gt COlisds int Helium Mili City IND Alumin tp Anthes € p Argus C pr Asbestos € Ind Gas p € Marcon! CPR CPR pp C Petrofin ¢ Utiitties Cc Westing Capit Bidg Clairtone ie A ws $ Sevinge Colurhi 8 O1Ls, +441 Wig + ~Ssassyew o@ Fttt4+t1 +11 =e nN4 i" Wh Shell Can 1490 921% 21% 21% Shell inv p 100 $26%4 264 26% 5 +10 Tor iron A Tors Fin A Tors Fin B Tr Can PL Trans Mt Trans PPL Turnbl A p Un Carbid n Gas Walk GW Webb Knp West ind A 915 $324 15 $i7% 175 $10% 10% 3 4 2259334 33% no 69 9 9 200 440 «6430 250 $26% 26% 100 $17% 17% 100 $19%-- 19% Weston & 100 $21% 21% Woodwd A 425 924% 24% Seles to 11 @.m.: 1,132,000, PORBION TRADING 300 170 170 1% Un Ve so + 12% 12% 124+ % 1000 210 310 210 +10 3100 325 305 325 +20 1000 165 165 (165 LL Lac Multi-min Willroy 200 $114 Vwi" + 3% BA WA ae " on 254 1% % 3 3% a) Wn W% | 73 m0 220 24 M4 2 2 GAS 395 39S 9S S64 16 ht & "4 4% | n 20 920 +8 si9 19 350 350 350 | $10% 10% 10% | 7S 35 35 --16 700 700 700 1%. 136 196 slave V4 9S 390 0340 335 M0 5 WS WS WS a1 1% 11% 2 ee $12 22 200 205 45 340 7 269 49 bd au 2 HN v7 7 ww mS nie 26 ™ 3 7 5 (325) «(35 70 170 170 USTRIALS 30 814 11) 1 824 927% 74-- 2279 $424 A+ 48 4" -- 210 $ 20 " 5 255 1M + 2 9 + a4 -- Va) 58a + V4! 5 %| ™ 1% nr wo es 415 a5 400 S4\s 44 MA +e 403 313% 13% 13% 400 $114 niet 4 $6)" 'a 100 454 108 a s 300 100 rs ms ow ™ 00 Sane one i awa ne ne | 'atv 6 He) Companies Give | Dividend Figures By THE CANADIAN PRESS Marchant Mining Co., 5 cents, June 30, record June 15 Cominco Ltd., 90 cents, July 15, record June 17. Alberta Natural Gas Co,, common 20 cents, June 30, rec- ord June 17 Peoples Credit Jewellers, 6-per-cent preferred $3.00, June 30, record June 15 Wa ANC SV GGG 3! i. Nyy: Co, blasted the CDC although| the company claimed it wasn't attacking CDC "since it hasn't stood still long enough for any- one to get @ good look at it." The CDC, as outlined by former finance minister Gor- don, would have $1,000,000,000 capital, put up by Canadians, to be used to invest in Cana- dian industry, prevent Cana- Bongard Leslie says in its) monthly letter that the CDC has) "been presented to us... as the ultimate weapon in our eco- nomic emancipation." Recently Finance Minister Sharp said he intends to go ahead with the concept of CDC although possibly in a different form than Mr, Gordon had in mind, HAS RESERVATIONS The Toronto investment dealer says although the objectives are) "palatable" there are "serious| reservations about the CDC." "In one fell swoop we will | istart to buy Canada back, fi-| nance the expansion of other-| wise unfinancable Canadian in- dustry and (would you believe} it?), provide an attractive ve-| hicle for Canadian investors, to boot." | Bongard's letter asks. whether | CBC will be a holding or operat-| jing company; whether it will) | pay taxes; what Crown corpora-| i tions will be tossed in for fla-| vor; or what limitations, if any, will be placed upon it, | The letter adds; ' CAN'T BE BLUE CHIP Since CDC is under implied goernment aegis the unsophis- ticated investor may well tend to regard its stock as a blue chip security, This by definition, it can never be, says Bongard. Elsewhere Bell in Business Telephone Co. of Canada offered to buy all the outstanding com- mon shares of Northern Tele- dian companies passing into for- phone Ltd, at $14 and said it jeign hands and buy back some| was important "to ensure con- brome naga now owned outside/tinuing Canadian control" of|Irish base-metals property into | Canada, Northern Northern Telephone, however, BREAK THIS VICIOUS CYCLE WITH THE UNIQUE top CYCLO MASSAGE Wits "MOVING HEAT" Helps relax sore, stiff muscles--- ¢ " | ease fatigue--relieve simple nervous tension--increase circu= lation where applied and ene courages paln-eased sieep-- without drugs. CLINICALLY PROVES Why go on suffering? (7 18 1N YOUR POWER TO lief Mitions all over the world are enjoying. stantial loss for the year ending June 30. 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