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6 THE OSHAWA TIMES, Soturday, June 25, 1966 IT'S NOW A BIG BALL IN THE SKY When PAGEOS, a new satellite, now in polar orbit 2600 miles above the earth, left Vandenberg Air Force Base, Calif, yesterday it looked like this. Inside the ball-shaped canister is a balloon which unfolded into a 100-foot silvery orb visible at times as a bright star. Below the canister is a Agne-shaped adapter which was, connected to the Thor- Agena D launch vehicle. Strips of white paint and silvery thermal tape guard- ed the package against excessive heat and cold. Canister and adapter were fabricated for NASA _ by Goodyear Aerospace. (AP Auto Sales Lose Pace By JACK. LEFLER NEW YORK (AP)--Two of the weaker spots in the U.S. economy, automobile sales and housing starts, have continued to slide. Though automobiles are sell- ing at their second highest level, they aren't keeping pace with last year. Housing starts fell in May to their lowest in 3% years. Otherwise, the economy kept on an even keel, spurred by de- mands of the Viet Nam war. General Motors reported sell- ing 107,232 new passenger cars in the middle 10 days of June, against 62,738 a year earlier, a decline of 7 per cent; Chrysler, | 38,976 against 34,428, an ad-! vance of 14 per cent, and Amer- ican Motors, 8,143 against 7,276, | a gain of 12 per cent. TOTALLED 189,100 UNITS | Passenger car production this | week totalled an estimated 189,-| 100 units compared with 186,291 last week and 201,779 a year ago. Housing starts in May fell 13 per cent to an annual rate of} 1,306,000 units from 1,499,000 in| April. A year earlier the pace} 'was 1,516,000. | Some economists term hous-| ing starts a leading indicator, foreshadowing changes of direc- tion in business activity. But a government official said, "this| is simply a manifestation of the credit squeeze that housing is in." Freight traffic on U.S. rail- roads last week was the highest in 22 years, showing an increase of 8.6 per cent over a year ear- lier. Russian Wheat Deal 2/555 Gives Market Boost By SEAN FINLAY Canadian Press Staff Writer Particular issues rather than the general market held the at- gained 2? over the week to 3544, to lead transportation issues. Canadian Pacific rose 1% to 65. | In grain issues, Federal Grain ers, brought highs to two major | uranium issues during the week. Denison climbed 4% to 54%, and touched a high of 55% Fri- tention of investors this week,| advanced % to 7%, Maple Leaf day. Its subsidiary Roman Crop. as all sections of the. Toronto and Montreal markets gained. Volume was down from 14,- |Mills % to 15% and Ogilvie Flour % to 145%. Versatile Manufacturing rose|day. Rio Algom was ahead 214/social status, but rather in con- gained 1% to 11%, after touch- ing its high of 12%, also on Fri- 373,302 shares last week to 13,-|2 to 22 in farm machinery is-|to 2614. 525,654 this weék, but dollar value of shares rose from $48,- 040,710 to $51,932,606. |sues, while Massey - Ferguson dipped % to 34%. Bank of Montreal was wun-|41¥% and Inco 1 to 96. 'Their|bers of Oshawa Kiwanis Club, The announcement Monday in| changed on the week's trading) losses were balanced by Hudson|who were inducted into mem- the Commons by Trade Minis-jat 59. Bank of Nova Scotia ter Sharp that Canada hadjclimbed % to 70%, Canadian| signed a three-year, $800,000,000|Impeyial Bank of Commerce %| climbed 1 to 52%. wheat and flour deal with the} Soviet Union sparked investor interest in transportation, farm to 63%, Royal % to 73% and Toronto-Dominion % to 6314. | Uranium issues were pushed| Other base metals didn't fare as well. Cominco lost 1% to Bay, which moved up % to 78% and Noranda, which Atlantic Sugar gained % to 30. Tuesday the company an- nounced a_ three-for-one stock machinery and wheat and/higher after it was announced' split, and a 30-cent increase in grains. The pact calls for 112,000,000 bushels of wheat to be shipped to the Soviet Union in the first crop year of the agreement, July 31, 1966 to Aug. 1, 1967. Canada Steamship Lines |Monday that the United States} | government - owned Tennessee! Valley Authority had awarded General Electric Co. two con-} \tracts to build two nuclear gen- |erators. The award of the con- 'tract, plus the possibility of oth- Price Increases Shown In Week's Bond Dealings | TORONTO (CP)--Prices were] slightly higher at the close of} moderate trading on the Cana-! dian bond market this week. Prices of short-term Canada issues were up with the 3%4-per- cent Sept. 1, 1966 issue closing at $99.70 bid and $99.80 asked The long-term Government of Canada bond market closed 14)| point strong from the previous week with mid-term issues also up \% point. The 41%4-per-cent 1972 issue closed at 92% bid and 93 asked On the provincial market there was a % point improve- ment The recent issue of H.E.P.C. 6-per-cent July 5, 1988 Scottish Sales Mission Success GLASGOW (CP)--If Canadi- ans will accept poorer quality at a lower price, Scottish in- dustry must adapt to meet the market, a Scottish businessman said Friday on his return from a sales mission in Canada. Stewart M. Roberts, who headed a group of 16 Scots busi- hessmen on a three-week "hard bargaining" tour of Canadian consumer centres, said in an interview here that foreign com- petition and changing demands must be met Roberts, from the tweed- making centre of Selkirk, de- ascribed the visit as "highly suc- cessful, if only for the fact that it has shown many of us just what we must do to boost our export sales." jcommon share dividends from $1.20 a year to $1.50. Bathurst Paper, subject of several take - over rumours, terprovincial : Steel Pipe, also subject of take-over rumours, gained % to 8. HOME CLIMBS In senior Western oils, Home |A climbed % to 19%, Home B % continues to trade at a premium and is currently quoted 100%- 1005¢. to 20%. Hudson's Bay Oil rose ¥% to 19%, while Husky was un-| changed at 13%. Pacific Petro-| leum dipped % to 12 and Scurry-Rainbow % to 31%. | In speculatives, Jelex gained 15 cents to 63 cents on 648,492) kept to a minimal one-tenth of| one per cent'in May by a drop in food prices. | Suecens Talk | | For Kiwanians True success is not measured in terms of financial rating, nor tinued progress toward a high, junselfish goal, Kiwanian "Mel"' Osborne told four new mem- bership. : Kiwanian "Mel," of the East York Club, a past international vice-president of Kiwanis, as jwell as a former division and jdistrict officer, was guest | speaker at the special meeting. In his address, he brought to his fellow-Kiwanians, what he termed "a common definition of | success, one that is applicable \climbed 1% to a high of 28. In-|to each of us, as a Kiwanian' land as a citizen." The four newest members of Kiwanis International are Ken| Arbuckle, Earl Calahan, Jack) | Marshall (a former past-presi- |dent of Moncton Kiwanis Club) d 'Gil' Martin. They were introduced by their respective sponsors, Kiwanians Murray Maidlow, Ted Wildgoose, Angus Parsons and Charlie Cornelius. After extending the official welcome of the club, president An active municipal market|shares, most actively traded Fred Kitchen put the new) Saw a $682,000 Rural Municipal-| ity of Assiniboia, Man. 634-per-| cent one to 20 year debentures | awarded on a net borrowing cost of 6.822 per cent and re-| offered at prices to yield 6.75 per cent. The corporate market was unchanged during the past week. Thursday's bill tender saw 91- day Bills down .04 per cent to 5.04 and 182-day Bills down .07 to 5.15 per cent. Area Firms Win Defence Contracts OTTAWA (Special) -- A num- her of Oshawa and district firms| jhave been awarded contracts by the department of defence pro-| duction, it was announced here! by industry minister C. M. | Drury. Bayly Engineering Limited of Ajax was awarded an $18,969 contract for electron tubes; |Duplate Canada Ltd. of Osh- jawa was awarded a $31,009 re-|' |search contract; General Motors Products of Canada Lid. was jawarded a $12,486 contract for); icarryall trucks; and PAM Iter- national Electronic Specialists|" |Ltd. was awarded two contracts | of $23,015 and $22,180 for elec- tron tubes speculative of the week. In oils, | Spooner. gained 4 cents to 89 cents on 138,575 shares. On index at Toronto, indus- trials gained .33 to 163.42, golds 2.03 to 177.38, base metals 3.11 to 94.17, Western oils 1.02 to! 105.33 and the exchange index -60 to 155.31. In Montreal, with the ex- change closed for St. Jean Baptiste Day Friday, 669,202 in- dustrial shares changed hands compared with 967,606 last week, and 3,387,430 mining shares compared with 5,181,295 last week. On index, industrials slipped 79 to 163.03. Utilities gained .70 to 143.15, banks 1.08 té 121.41 and papers 2.42 to 118.01. The contracts are among 228 junclassified defence contracts jtotalling over $20 million award: 'ed by the department. | SAVE °* CALL COLLECT 668-3341 ATTENTION FARMERS ! WHY PAY MORE? Gasoline - Diesel and Motor Oils Farm Tanks Available Out of Oshawa, Whitby and District DX OIL ... PREMIUM QUALITY WALLY GALES Representing FINANCIAL PLANNING THROUGH MUTUAL FUNDS featuring American Growth Fund 67 King St. E OSHAWA, ONTARIO PHONE 723-8801 "We will be hoppy to serve you" LEE GALES --- WALLY GALES members to work, naming them to the 1966 camp committee, which promptly went into ses- sion, planning for the Kiwanis Camp opening, early next month. ANNOUNCEMENT Joins Pedlar People Board J. G. Geikie, President ond chairmon of the Boord, The Pediar People Limited, is pleas- 1951 and was apopinted Pur- chasing Agent in 1954. He continues os Director of Pur- chasing et the Pedlar~ execu- tive offices in Oshowa 5 aes 124 DUNDAS ST. WEST off 14.1 per cent from 124,845) * + in June 1965, Performances by the other : automakers: Ford, 58,451 sold in mid-June! WHITBY Official Opening...Mon., June 27 FEATURING PRESTIGE NAMES! IMPORTANT ow General Steelwares - Appliances - Furniture - In fact - Everything for the Home... FREE Home Shopping Service! .. INQUIRE IN OUR STORE ABOUT THIS UNIQUE SHOPPING SERVICE. Many famous Brand Names -- Such as... Sheraton ~ Vogel Chairs -- General Steelwares -- Hartline Dinette -- DuPont 501 Broadloom -- Emerson -- Gibson . . . and many more. RECLINER ROCKER For Opening Week Only!! RECLINER ROCKER -- Value $119.95 Ey ty Come in end fill out « coupon Ne obligation _ GRAND OPENING SPECIAL: DRAPERY MATERIAL 99 SAVINGS! ioe Full Line of Furniture - Broadloom - Draperies - Steelware - Appliances ed to announce the recent elec- j 3 tion of E. V. Davies to the : Board of Directors. Mr. Davies joined the Purchasing De- partment of the Company in |) : 124 DUNDAS ST. WEST, WHITBY 668-6885