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18 THe OSHAWA TIMES, Saturday, Auguet 6, 1966 CANADIAN MARKET REVIEW Large Firms Report Lower Net Earnings By LARRY DWORKIN Inco paced the decline, sliding|82, Interprovincial Pipe Line 4% to 92%, The stock touched a Can-|low of 91% after the company Pronger a ase week announced lower net earnings > ep ag ber of large Canadian|for the first six months of 1966 poll ies reported lower net to $73,630,000 against $75,846,000 anes |last year, , a slump by the! Bell Telephone, down Y% at gM to its lowest) 50%, touched a low of 50% on level since June, 1964, high-/ news that second-quarter earn- lighted the week's trade. lings dropped to $20,786,229 com- The index was as low as pared with $21,673,370 in 1965 156.27 at mid week, It closed Other issues to decline in- down 1,12 to 156.99. | eluded Moore Corp., off MW to Embargos On Shipments By Rail Question Of Time Cawadian Press Staff Writer | ou ithe session, The oil index was MONTREAL (CP) -- With a country-wide strike of the 98,- 000-member non-operating un- at any time, providing there has The non-ops can call a strike) Oil, scored the largest gain of been a seven-day period follow-| up 1.04 to 104.70 | and Texaco 1% to 76% and 571%, A number of Bay Street ana- lysts said because the New York Exchange slid below its ex- pected floor level, investor con fidence was shattered However, the Toronto market siaged a strong rally Friday jand the industrial index jumped 1, | Alean, Canada's largest alu jminum producer, sparked. Fri (day's rally when it advanced 1% on news of higher six-month earnings to $39,636,000 against $27,666,000 last year, The stock was down % to 33% on the wee On the plus side of the ledger Algoma Stecl was up 1% to 28% and Stelco % to 23 | Western oils, paced by Home! | fons virtually assured for early|ing the presentation of a report) wom HITS HIGH by a conciliation officer to the federal labor department Two groups of the non-ops| representing 76,000 employees) have rejected the conciliation September, Canada's railways are beginning the guessing game as to when--and if---they should start placing embargos freight and express ship: = jreport of Mr, Justice Craig s spokesman de-|Monroe of Vancouver ued 6 Fades - an exercise| The third group, the Canadian| in correct timing, If the em-|Brotherhood of Railway Trans- bargos come too late, tons of port and General Workers goods will be caught in railway (CLC), cannot legally strike un- freight sheds, If the embargos til Aug. 17, seven days after come too early, or if the strike|Aug. 10 when Mr, Justice C, A does not materialize, the rail- Ottawa, ways would Jose revenue Cameron of federal} hand in his report, MAY HOLD OFF M4 h t The CBRT is expected to hold pring @a off on a strike until the other] non-op groups, with the bulk of the members, have set a date Union spokesmen have said it will probably come early in September Acreage Up OTTAWA (CP) -- ace gern farmers planted a record 29,-) ssed at, the favorite 928,000 acres of spring wheat fones 4 Sept. 6, the day this year, seven per cent more| ater Labor Day. than in 1965, the Dominion Bu-| phe reasoning is that by wait- reau of Statistics said Friday)ing until after Labor Day, the in its preliminary survey Of! mey would receive the extra seeded acreages. pay for working a holiday, How- The spring wheat ever, it would still be close acreage conciliator in that dispute, is to] Although several dates have} Home A increased 2% to ¢ high of 22% and Home Ff fo 22 exr, .The company rc jcently found a large pocket of jnatural gas in Yorkshire in north-central England Dome Petroleum added 1% at | 12% and Scurry Rainbow 1% at 30% while Union slid 114 to 301% In speculative oils was up 30 cents .to 96,639 shares and Spooner jcents to 1.05 on 287,472 Banks were lower as Nova Scotia dropped 1% to 66, Royal} % to 70%, Montreal % to 56! jand Toronto - Dominion %%4 te 59%. Imperial-Commerce wa up % to 60% Among base metals Dynamic 405 of 14} Denison | was down 1 to 63, Cominco \% to 39% and Noranda % to 53% United Keno jumped 75 cents |to 7,80 and Rio Algom % to 26% | Golds were mixed with Camp | bell Red Lake up 1% to a high }of 28 while Giant Yellowknife idipped % to 18% | On index, base. metals were }down .26 to 97.44 and the TSE} | .95 to 150.10. Golds edged up .09} }to 187,12, Volume was 9,840,822 shares in the four-day week compared with a 1954-63 avet*lanough to Labor Day to cap-|against 12,386,783 last week age of 23,794,000. Acreage, was 27,900,000 a year ago and 29,- 200,000 in. 1964 that commemorate Ontario, only major area {0 movement winter wheat growing in Can-| italize on the meaning of call-| the labor The last contract between the} 116,31 At Montreal, industrials were jing a strike so close to the day | down 1.00 to 156.85, utilities .50] to 137.56, banks 137 to while utilities were up Volume was 114,63 2.67 lo 6,508,236 ada, has 370,000 acres remain-\unions and the railways ex-|compared with 4,868,501 ing for harvest, two per cent more than last year but 33 per cent below the 1954-63 average. Farm area in summerfallow this year is 24,800,000 acres, seven per cent below 1965, Oats acreage is down six per cent to 9,100,000, and barley up|999 or more than 25 per cent 19 per cent to 7,200,000. Flax|o¢ the combined gross revenues seedings decreased by 11 per|o¢ the CNR and CPR. This cent to 2,100,000 acres, andiwould add more than $67,000,. rapeseed at 1,388,000 acres down) 999 to the labor costs of CNR yg Baad cent lalone Soybeans reached a record ie citi 268,000 acres with a one-per-cent JAVERAGE 92.23 win 6 increase over 1965. Rye secd- the non-ops ' $2.23, The rail 30 f 7 oe go ge eal mig Pog ways say they have been unable : . """ |to come up with a projected Cormdorgrnin 'noreage i a|Average hourly wage under the record 771,000 acres, up three| "on s demands as the de- per cent, Other crops above|™@&nds are too involved and 1965 levels include beans, up six ------ the: Aamanded: per cent; potatoes, up 10 per creases are expected to amount! cent; tame hay, up two. per . cent; fodder corn, up five per| -- 55 cents and $1.35 cent; and dry peas, up seven} ls a possibility of a r cent, . a se |Special emergency session of sateen i |Parliament late this month to Sales Records pass legislation prohibiting a For Chrysler national railway strike Informed sources in Ottawa WINDSOR, Ont. (CP)--Retail deliveries by Chrysler dealers said recently key members of the House of Commons staff across Canada during July es tablished sales records, the have been told to be available during late August or early Sep- tember for a brief special ses company said Friday of Sales of Chrysler, Dodge, Ply mouth, Valiant and Imperial sion The wildcat walkout this week passenger cars reached 10,189, up 1.9 per cent over the same 1,200 freight and express handlers of the CNR in Mont real is not considered to be ¢ month a year ago. The previous duly record of 10.191 set in 1936, curtain-raiser for the big show Retail deliveries during the ; to come OTHERS WALKED OUT month brought the company's total for the calendar year to Sympathy walkouts among CPR and CNR non-ops in Tor- onto as well as some CNR em date to 82,044, an increase of 14.5 per cent over the previous record of 71,646 set last year ployees in Montreal ended Total for the model year to date Thursday when union leaders talked the men into ending the also reached a new all-time high of 119,532, up 15.5 per cent over strike, The men, said they walked the previous record of 103,531 Set a year ago, DIVIDENDS Mr, Justice Cameron in pre senting his report Until contract negotiations started last year, the non-op: By THE CANADIAN PRESS General Dynamics Corp,, 25 cents, Sept. 9, record Aug. 15, Calgary Power Ltd., common erating unions had bargained as a single unit. The factions with- 17% cents, Oct, 15, record Sept. 15; 5-per-cent pref, $1.25, Oct. 1 jin the unit could not agree on proposed demands and shortly before the first talks last No- vember, the unit. split into the record Sept. 1, Hinde am' Dauch Ltd, 45 cents, Sept. 26, record Aug, 31 Canadian Pevrofina Lid., 30 three groups cents, Sept. 15, record Aug, 15. The largest group is the shop crafts which have 51,000 mem- Trans Mountain C'l Pipe Line Co., common 2% cents, Sept. 30, bers. Second is the 25,000-mem-! record Sept, 2 for the new contract began last November but all talks had ended by the end of February,| The calculable demands of the unions, the railways say amount to more than $250,00 pired last Dec. 31. Negotiations} ~ NET EARNINGS By THE CANADIAN PRESS Casslar Asbestos Corp, Lid., '|six months ended June 30: 1966, | $1,902,421, 39.8 cents a share 1965, $1,648,535, 34.5 cents Greb Industries Lid, 28 weeks ended May 14: 1966 $342,097, 51 cents a no comparable figures Pacific Petroleums Lid., six months ended June 30; 1966, $3,-| 070,000; 1965, $2,550,000 | Donohue Brothers Ltd., six months ended June 30; . 1966, $697,618, 39 cents a share; 1965, $670,123, 37 cents | Versafood Services Lid., six months ended June 30 1966, | $224,398; 1965, $152,165 Trans Mountain Oil Pipe Line Co,, six. months ended June 30 1966, $5,202,000, 69 cents a} share; 1965, $4,813,000, 63.9) cents | Mattagami Lake Mines Ltd,,| six months ended June 30: 1966,| $8,423,000, $1.28 a share; 1965 $6,993,000, $1.06 Union Ol Co. of Canada Lid., six months ended June 30: 1966 $2,602,011, $1.77 a share; 1965 $3,884,244, $1.08 Northgate Exploration six months ended June 30 $1,235,000, 24.5 cents a 1965, no comparative figures Great Lakes Paper Co, Lid,, six months ended June 30; 1966, 2,698,461, 75 cents a share; 1965 $2,542,931, 71 cents BONDS TORONTO (CP) Prices were generally lower in a quiet} week on the Canadian bond! market Long term Government of Canada bonds were lower with! the 44-per-cent September, 1972 issue closing at 914, bid and 91% asked Long - term province down \ point with Ontario H share Lid., 1966, | | nare als were dro 6-per-cent July, 1988 at 9854 bid,' 98% asked The municipal market re mained inactive, The City of Duncan issue for $150,000 6-per cent one-to-20-vear issue was awarded on a cost basis of 6.70 per cent Thursday's bill tender was higher in yield with 91-day bills up .04 per cent to 5.06 and 182 day bills up .02 to 5.27 per cent, ! | SAVE $ $ ON PRODUCE AUTO INSURANCE is the CBRT with 22,000 TORONTO (CP) -- Wholesale to retail carton eggs average weighted prices quoted by the agriculture department as of Friday: A large 63; A medium 54.6; A small 35.6 Eggs: Wholesale price to country stations fibre cases quoted by the Toronto Board of Trade from wholesale egg deal- ers: extra-large 62-63; large 60- 61; medium 53-55; small 28-29; B 3: CM Butter prices Stabilization board earlots: Buying 40 buying 39 score 58 lf you are an Absta $22.00 on your auto 597. 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