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1 arene Lape hah nah ape ie nel ah Rall ALLO TIL NTE ITN ESSA OREN LT Tr eee me greener f 3 errant Bhs ie i aR Tite Ee CT Te Tr. THE OSHAWA TIMES, Thursdey, October 20, 1966 7 - MARKET. TORONTO 10:4 A.M. STOCKS Distributed by CP as ad Net saat previous, booreist closing. sele. Patt ++ eos BsstEves F B2csksuas § ddesetedie F 4 3s = Ps 3 Rise} 33 s8SlScte Sen 3 apes ei Setccusstesscte fen ~ s ge3s Timimstiiit iii et S2s.s. $es.ce¥ > 270 $367e 368 364 = Vo 315) $14¥e 13% 13% -- 25$100 100 100 + wes 225 400 110 505 185 = SSSeacess = sonics? D Glass pr D Magnes c = Dosco Dom Store Domtar Domter pr = $b 2es$8s = Fs =Sgu8e és Se 877% 774 7% $22 «(21% 21% 300 $23% 23% 23% + 725 $52 Si" | a | RS oe 400 405 400 $20% 20% 20% $21% 21% 21% 255 255 255 $38 % $19% 19% 19% 008 9 9 --M +5 +1 + 4 21% 21% im 8 w+ ° 9 5M 51% 84% 84a+ 25 25M 76a 76Va--- Va 19000 zi0 $1919 9000 22% 24 2%-- ao Te Te te +t a hy a ad a A ® ; said the BUSINESS SPOTLIGHT Declining Markets Hurt B.C's Forest Industry VANCOUVER (CP) -- British Columbia's biggest business, the mammoth forest : products industry, is in trouble. A survey made by the Coun- cil of Forest Industries shows 3,000 people have been laid off work as a result of declining markets, 5 spuncesen [22 the snnnall figure could double by Nov. 1, The 3,000 workers rep- resent about five per cent § \the industry's total labor force. The shingle industry has been the hardest hit, with 500 out of 2,000 employees now jobless. The demand for the prov- Ofirate, up to the end of July, is ince's prime product has drop; rmingly because of inflation, Housing starts are down in Canada, the United Kingdom and B.C.'s biggest customer, the United States. The U.S. housing market cur- rently is undergoing the worst slump since the end of the Sec- and World War. Construction this year in the U.S. is down 30 per cent. The running at 1,050,000. vie b ee rip EL op ~ wewarmvers wT MURAI ATRL & Inflation has boosted interest rates south of the border and bal y 'Gross Inefficiency' Blamed For Company Bankruptcy TORONTO (CP) -- A music company went into receivership lowing an Atlantic Acceptance Corp. Ltd, subsidiary $1,200,000, 'the Hughes royal commission was told Wednesday. The inquiry into the collapse of Atlantic was told the sub- sidiary, Commodore Sales Ac- ceptance Ltd., wound up with a $1,030,000 loss and realized }, jonly $170,000 from sale of as- sets of Pro-Musica Ltd., a com- pany engaged in importing ra- dio and high-fidelity equipment --$/| 'BUSINESS BRIEFS from Europe. Pro-Musica was forced into SEES GOLD THREAT The present static price of gold seriously threatens the |world's gold-mining industries, | Angus Collie, an executive of ithe Transvaal and Orange Free State Chamber of Mines in receivership because of gross inefficiency by management, said Hans Vogt, production foreman and later receiver-gen- eral of the company and now general manager of Commodore Business Machines (Canada) td. He said 95. per cent of the company's inventory was obso- lete and non-competitive with products manufactured in Can- ada, Pro-Musica was taken over by Pearlsound Distributors Ltd., a subsidiary of Commodore Busi- ness Machines, and was liqui- dating inventory when Atlantic collapsed in June, 1965. The commission was told shareholders of Pearlsound in- cluded C. P. Morgan, Atlantic's president, who died Monday, C. G. King and W. L. Gregory. Mr. Vogt said Pro-Musica sold goods to Pearlsound. at less than cost and these in turn were sold to retailers by Pearl- even prime lending Institutions are strapped for cash. On Aug. i, srincipal mortgage lenders such as life insurance companies, trust companies. mortgage loan companies a pension funds were making new mortgage commitments at a rate of 25 per cent lower than last year. Commercial banks, which lent nearly $5,006,000,000 last year are in the "strapped for cash" class, Insurance companies and other mortgage lenders are looking for richer prospecis. Better investments are avail- able in corporate bonds and other long-term investments. The big question is when will the U.S, housing market level out. If it runs at the current 1,050,- 000-unit rate, the market will have lost $6,000,000,000 in gen- erated capital. The housing picture in Can- ada isn't any better. HOUSING STARTS DOWN Housing starts are down sub- stantillly from last year. Metro Toronto is running at about 70 per cent of 1965's pace and Vancouver starts are down 25 per cent. According to the Canadian Realty News, net mortgage loan investment by 16 of Can- ada's largest life insurance com- panies increased by $85,100,000 in the first quarter of the year. However, their loans to the panes | industry actually de- creased by $14,000,000 from the comparable period last year. 'More drastically, trust and mortgage lean companies re- duced their funds: for shelter fi- nancing by $52,000,000," the CRN said. Timber company officials in B.C. say the housing boom slow- down have sharply cut into the industry's export market and Unemployment Goes Past Goal OTTAWA (CP) -- Unemploy- ment in the last two months has run a full percentage poin higher than the goal set by the Economic Council of Canada, but the latest figures on job turnovers indicate an unusually stable labor force, for the week ended 17 shows that only 26,000 of the 6,630,000 workers who usually work 35 hours or more a week were on short time during that ig time is lly ri e is usually experi- enced: by hourly - rated em- ployees during periods of eco- nomic adjustment. Workers are laid off temporarily or put on shortened work weeks during over-production or when plants - being adjusted to new sched- per y But te numver wi woincrs laid off for part of the latest A special analysis of figures| Canada Sept. survey week was fewer than 10,- 000. And the number on short time was the lowest. in three years, except for 4 1965, when the comparable num- ber was .23,000. BOND MARKET TORONTO (CP)--The Cana: dian bond market closed gener- ally unchanged in a session of quiet trading Wednesday. Short-term Government of bonds were unchanged with the 4%-percent Oct, 1, 1967, issue closing at $98.75 bid and $98.80 asked. Long-term Canada and pro- vincial issues were up % with the Government of Canada 41%4- per-cent Sept. 1, 1083, issue quoted at 86% bid and 86% asked, In provincials, the Ontario Hydro six-per-cent July 5, 1988, issue closed at 08% bid and 98% asked. Day-to-day money traded at five per cent, Treasury 'hille clased at 5 10 per cent for 91-day bills and 5.22 for 182-day bills. TAKE OUT SPECIALS Thursday, Friday and Saturday Only Chicken Dinner Ye of @ Chicken, french fries, eole slew = bun end honey. Shrimp Dinner Rend =~ ape om Diet He Shy amy ae Tare ; Fish Dinner Fith -- chips -- bun --- edle slaw -- tarter sauce, Free Delivery With Take-Out Orders 668-2721 ___ South Side Seafood OcK ST.s. : 195 235 250 100 100 25 7 MB 315 100 250 25 249 200 0 100 %% %4-- %\South Africa, said Wednesday wt 2% 4 lin Perth, Australia, Collie said|sound at a profit. domestic consumption. 4 SS 8 Joo ve Hh a + In the words of one execu- Vv 150 997% 97% 97% + 155 sy 17 ie | that if there were no revalua- o 9 @ 50 $6 6M $22% © © # --1 200 116 116 6 m4 900 21% 1 M+) 110 a 2B =! > a = ~ > t Sse.ces ~s 2 a 1 oe UY Mat 3 23 16% 16% 22% 2% 3 Bh--% MM 15% + Ma 764+ a 3 ' ~~ 3se3. a 6M 1% 7640 5% 15% 48M 12% 22V2 10Ve efseulESex. cus eises.t8es.cue 3 bd 18% 22,8 Nor Ctl G p Pac Pete Pow Corp % Price Com 3 QN Gas $10% 10% Rank Org 40 380 380 $25 25 Reichhold $10% 10% $24¥a 369% $21" 9) on Be =: E We Ve 1% 3% + 10% + Ve 380 23 --" 10% + 24Va an Sask Pf § Bas=gzce i732 fy aegsssgesielvsacenctedst "8339 i ih Sasddebiscdeescddite.bieddelsi ee 3 5 s a # "3 ae FF > paw Hs i ges ose ++ e a "em e H mr re Ss: 46a 85 670 «690 «690 $164 16% 16% 290 290 -- $2 2% 2%e--V $10% 10% 10% $25¥e 25% 25% -- 00 330 330 330 350 MS 350 +10 28% 5 $28% 28% $ie% 8% 84+ $164 46% 4% 0 06 COO 14% 4 a) Zellers pr 3330 8 8 +1 Zenith 275 190 180 190 +10 Sales to 11 a.m.: 1,012,000, FOREIGN TRADING 100 135 135 138 --S $10% 10% WA--4 o 6 6 --? Hi susdes88u86Ge.se38 SereeonsBRosSGe. iti i EgesSes8S8e8Sb= s H White Pas Ww A i a : ere "ox ia 3 z leah 0 +1 S00 1400 400 1000 Place @ Teck Cp Un Keno BURNED 2,000 TIMES English. actress Dame Sybil + !Thorndvke has played the role of Saint Joan of Arc 2,000 times. LEWIS OPTICAL Established. for ever 30 years 1660 om ma + 10% King West T 8 14 31% T1%-- 725-0444 > 39 © = -_ Re a By id e+ 22% Na+ Va) 0 -- Vv) 48% + %| 12% + Ys) cent more than the $347,605,000 for the same period last year.) |The company announced it has 22% + Ye! | country " +10 | Trade from wholesale egg deal- jers: extra-large 62-63; large 60- /61; medium 55-57; small 40; B +1 |tion of gold and the world price increased, production would reach a peak in five years, fol- lowed by an accelerating de- cline. SET NEW RECORDS Sales and earnings of Johns- Manville Corp. for the first nine months of 1966 set new records, Cc. B. Burnett, president, re- ported Wednesday in Asbestos, Que. Sales for the nine months were $385,632,000, eleven per SALES HIGHER Department store sales were again sharply higher in Western Canada during the week ending Gct. 8, the Dominion Bureau of Statistics reported Wednesday. Sales for all Canada were 4.3 |per cent higher than in the same week last year. They were down 3.9 per cent in On- PRODUCE TORONTO (CP) -- Wholesale to retail carton eggs average weighted prices quoted by the department of agriculture as of Wednesday: A large 66.8; A me- dium 63.7; A small 47.7. Eggs: Wholesale price to stations fibre cases quoted by the Toronto Board of 42-45; C 35-37. Butter prices; Agricultural stabilization board tenderable carlots: buying 40 score 59; buying 39 score 58; selling 61. STOCK MARKET TORONTO (CP)--Profit tak- ing pulled the Toronto stock market lower Wednesday, snap- ping. a six-day advance. e industrial index eased .12 to 143.33. CPR dropped % to 55%, Gen-| éral Motors 2% to 77%, Roth-| mans % to 24% and Alcan %| to 28%, | Rio Algom grabbed the spot-| light among base metals, gain-| ing % to 25% on 46,000 "it has agreed to sell 8,000 short tons of uranium to the United King- dom during the 1970s. The stock touched 27% before falling back. Preston Mines, which holds a large block of Rio shares, added Y% at 15%. Denison Mines, which has the world's largest known reserves of uranium, slid 1% to 60. Ru- mors about France and Japan buying uranium from Denison have been denied by govern- ment sources. Western oils declined .48 on! index to 109.17. | Scurry-Rainbow was off % to 17%, Canadian Superior % to! 24% and Dome % to 27%. Among speculatives Frobex gave up 20 cents to. 3.70 and' Min-Ore % to 19% cents on 473-) 000 shares. Declines outnumbered ad- vances 200 to 174 with 236 issues unchanged, Golds moved up on index .77 to 157.12. Base metals dropped .27 to 88.69 and the TSE .13 to 137.40. ; Eight Canadian whiskies use the word "Gold? So don't be dazzled. Taste sets Hiram Walker's GOLD CREST WALKER'S GOLD CREST tive, "things could be worse-- but the situation could be a whole lot better too." DIVIDENDS By THE CANADIAN PRESS Huron and Erie Mortgage Corp., 10 cents, Jan. 2, 1967, ree ord Dec. 9. National Drug and Chemical, pref., 15 cents, Dec. 1, record Nov. 4. Imperial Life Assurance Co., $1 Jan. 1, 1967, record Dee, 8. Wih-a- PRIZES Onterio Motor Sales Ltd. PN awaerd TWO SEVEN DAY VACATIONS VIA CAMADIAN PACIFIC AIRLINES to HONOLULU PALL P FOUR WINTER VACATIONS FOR TWO TO THE BAY MOTOR INN and SKI VILLAGE OWEN SOUND mare ELECTROHOME PORTABLE TELEVISION $ET PARKWAY TELEVISION PRAAAA 1,540.00 1% MERCHANDISE VOUCHERS Details and Entry Coupons From Any Downtown Oshawa Store Displaying HIS NEW ENAMEL IS AS EASY TO USE AS LATEX PAINT! Pacem : @ Rolls on your walls like latex. 4 How come? Because it'has a latex base. In fact It's the first successful latex enamel. It rolis on walls and ceilings smoothly and evenly; dries quickly; has no unpleasant "painty" odour; and washes off brushes and rollers in warm soapy water. But it dries to a hard, tough, low-lustre enamel finish. It can safely be washed with household cleansers. And it's just as stain-resistant as ordinary enamels! You can use it with complete confidence in kitchens, Washes off your brush like latex, bathrooms, playrooms, on trim, and in every other hard-wear area in the house. Some of the people who've tried our new latex enamel call it the world's toughest latex. Some call it the world's easiest-to-use enamel. Try it yourself, You'll call it the most satisfying home product you've ever used. It's available right now in non-yellowing white and hundreds of custom-mixed Maestro colours to match Wallhide Latex wall paint. New! The first successful latex enamel! Now at your PITTSBURGH PAINT dealer. OSHAWA Bathe & Melelian Bidg. Materials Ltd., 81 King St. Wart Canadian Pittsburgh Industries Ltd, 273 Simcoe Street Ernie Cay Lumber Co. Ltd. 53 Albert Street OSHAWA Jackson & Ratke Hordware Rosslynn Plaza Oshawa Wood Products Ltd. Oshawa Shopping Centre Provincial Tile Ltd. 259 Simcoe St. BLACKSTOCK H. L. Mertyn BROOKLIN Mitchell Bros, Buliding Suppiles COURTICE Oshawa Wood Preduets Ltd, DOWNTOWN" SIGNS | Frank's Hordwere 110 Lupin Drive hs A ae