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U.S. Labor Costs Stable | Only Matched By Canada BP oye! at Bh - ~ -- LF Poh Nd lem tll in changed while oe oe rineroly j other industria' U.S, labor departeneah yo BUSINESS SPOTLIGHT ren Western Bank Launches Piatra i End To Branch Bank Era Labor Statistics, The bureau Ndid labor is the ai emphasize quality ra-the bank's head office in Win- bank of Werters = ie agei oo cna than quantity, Mr. Stevena|nipeg, most of the directors are 0 operate sometime next year,|said in a recent news confer. residents of Western Canada. font look for a branch on thejence Pee on Bit By ogg Monae f bala Me iw * ger arphines an oy olay ralsed locally would be invested errr rt Di Le rrTyvTirTiyT Se eeedeaesaaaees| Po Od) Lede deed -- if eae ) ete | ee | 1 ene HE ses le st ae ll PT to) beeen el 1 ae. i mw. ade SUE ltt Wie 4iit ime aL alt". rl ew ae As i@ 1 mo, - | oo} "= mee ty ona @ ] w wit , es sae ol Bhs @ 1 Ihinmiendtined hail toll am aaa SSocl-- a? eT | eee | tt Te Tee ld 8 Hs "eG H ma i E z 3 : ee i++! = e°s-F = see $3238. Bey = + 1411 ea | sge-S3egh world trade ar the U8, ance of paymen 'From the standpoint of labor coat per unit of output, Ameri: can manufacturers in the mid: 1060s have achieved a better = + a - wl = 2Ee2E83 = $eise23% Sieses=ee - werece css 222 # it s-~ = = ~e Ss > = <= well Bruce, i Le eee >>> >> HE 32329902 2408982 ssSseses§ #3 S€22.8<dese © i++ | ™ $a a 4" "W \a3 f.$5scs =s S35 imc int Nickel tnt uti int Uti pr intpr Pipe intpr Steel tov Grove fev Grp F., deftoren Jeereon. Jockey ¢ Kelvinatr Lat LOnt "Cem Lavra Sec Lav Fin seetitctslielalese 3320: 32 $5ittes = 238 _g23589s5 au F 2.00 Levy A or Life Invest Lob Co A ta A oO 00 8 150 8194 190 130 My ye i 18 eM "8 n 32 Maritime MaseFer Met pall ta iarphy Nat Sica " Nat Trust NB Tel Noranda Wer cn @ Nor Tar Gh NSLP Ogiivie Overind pr Pac Pete Pac Pete w Pew Corp Prem tren Price Com 33 s teeSvessz Shett inv w | Shell Can | Shep 3 3 -3- 4 ve | Shopper Ct Simpsons | # at sv st Zs = i wo 8 2s 86 tba +1 en a FH & n 1 +h 4 14 M+ 3s Ww $5828 24383223 3 333= Ses hd u® 7 8 100 105 100 00 ™ 00 ws 100 100 400) 100 #60 496 tev Fo ea 0 ms m ms dite inv wt 225 a s 827% 3 ta) - = = 3s: ei 1% 370 $10 as aa Ld Hew vw $10 $30 2 $44 0 Sie 4 12% 1 a m0 ' am * am 7% PM RM ie 2 $184 sai $24'4 0 825% $74 aly a ian 47% sm 10% 10% 4 16 léa iL som | om 10 ass 350 «350 #0 180 J we 4 "® a 1 1M mm 68 - ie Mi MM aM" 0 bie S154 | le Yow 0m le a+ Vtg ah iin b were involved in a special size/ ™m ~ ore + 4 $70 («970 + 40 itt 7% 2M ss h6U}hUW 200 900 ar \§ s ary uy 2h 19% 19M) roy site 820% she + naw 4 430 490 $MM MM Me id ue 4 9 deo tal Royal Bank and Anthes A 1 iy + Ss «(105 P| +8 a" a oe od SS 464 OM te os) 65 OS + ek: 8 SoSnEZS2eE2 25328222: & g= $s8~= + Ro mm m™ ws " » ™" Bary 4s) 30 Y - + m 2 as s : mu w+ > MO +h = & me hn a ee wa) mo 3 630 (8+ ae | " iv Bw 2 aah ae 2 is 4 oo 2 we ore iM ue 'o ie we ue - 5 Hm 10k 1 100 S17% 17% 17+ bt ms am MA MM Baler te LJ am ara, wafORHION TRADING a Roviery Dickinson Palcon aed RL Traders @ a en yoo _ we 180 f... we b..2 wha) | ! THE CANADIAN ville Disteibuters Lad! ended Oct 1: 1968, | [$128,200 23.8 cents a share; $109,964, 22.7. cents, Nor Canadian Oils Lid, inine months ended Sept. $0: $1,050,000, 17 conta a (aaah 1965, $1,438,000, 25 Cents, | *) Ranger Oil (Canada) Ltd,, j jnine months ended Sept 00: | le $405,419; 1965, $420,404 8 "s Lid., year ended \nuly 30: 1968, $7,689,987, $1.11 a | share; 1985, $7,134,626, $1.04 | Union Gas Co. of Canada " ? ay " Fe | Lid., six months ended Sept, 30, $1,830,000, 6.7 1965, cents a) We} 1968 H $1,432,000, 3 share; MEL KRUGER Representative SUN LIFE Assurance Company of Canada BUSINESS: NOME: we | 723.7900 © 723.4363 ~ aM | me 1 Ne. +e The new institution, which re: . |celved Royal assent last July, plans to serve a communiiy ihe size of Edmonton from one downtown Office, says 8. M. Stevens, chairman of the bank, Today's customers are mobile enough to eliminate the need ist & HeQNEST Hees STSSSh Under the presidency of J. EB. Coyne, former governor of the Bank of Canada, the new ban! Fewer offices would allow the hank to pay higher salaries and attract a higher calibre of!) employee, Emphasis would be on better service, better person- nel and better hours, WESTERNS ON BOARD Stevens is a 'Toronto finance and investment director and Mr, Coyne only rece nitly | mo ved | fi rom Toronto te to TILLSONBURG, Ont, (CP)-- Flue-cured tobacco marketing exchanges were shut down al STOCK MARKET TORONTO (CP) -- The Tor- onto stock market turned sharply lower Monday with in- dustrials ahd western oils shar- ing the brunt of the decline, ine market was following the trend on the New York ex: change which soured on news that General Motors Corp, in the U.S. plans to cut its car pro duction in December and Janu- ary. There has also been in- creasing speculation that the U.S, government is considering | raising taxes, The industrial index, which| jreflects key stock movements, slid 09 te 144,33 as losses out: numbered gains 276 to 116 with 242 issues uncha 5 Alcan declined to 27% 3 |61,901 shares, 52,000 of which} | transaction, Alcan preferred dropped i to 36 on 51,330 eo Shares, 80,000 of which were Pia involved in a special aire Chrysler was down 1% to 33, Falconbridge 1% to 8% and each to 67% and 19%, The oil index tumbled 2.48 to} SEM 42, Dome backed off 1% to| 2, Scurry Rainbew 1% to 10% | vee lee zy and Canadian Superior 1 to 27, ~ el New Imperial highlighted }speculatives, jumping 39 cents we |to 2.24 on 379,000 shares after t '| the company announced it had encountered further mineraliza- on at its Whitehorse copper mine in the Yukon, The com- |}pany said it expects to start ap- erations at its open pit and mill complex in March, { 'Misunderstanding' Closes' Three Tobacco Exchanges z noon Monday to clear a 'mia. understanding" with buyers, Remie Miggens, vice-chair- man of the Ontario Flue-Cured Tobacco Growers' Market. ing Board, said Monday night the board closed the three. ex- changes at Tillsonburg, Delhi and Aylmer because of "a lot of re-runs last week," Tobacco consignments on the market are re-graded and of- fered for sale a second time if growers reject the first price of- fered or buyers withdraw bids, The tobacco is called "revrun" when it hils the merket the seo-|° ond time, The emergency meeting called by the board with buyers jindicat the heavy reruns were the result of "'a slight mis- junderstanding in the interpreta- tion of board regulations on re- runs," Mr, Miggens said, He said the misunderstanding on} was cleared up and the auctions will open as usual at 0 a.m, to- day. Sales dropped to 063,601 pounds Monday with the noon closing. They have been running about locally under the direction of the local manager, Regional of- floes would be set up during 1967 in all major Western centres from the Lakehead to the Pacific Const, In ita first year, the bank aims to expand its starting ca- pital of $13,000,000 to $20,000... WI HG wiitaCT F,0HF BOLSuiS, the direviors said, Taking a leaf from the trust companies' book, they were considering the offer of gifts to new depositors, DIVIDENDS By THE CANADIAN PRESS Gerdon MacKay and Stores Lid,, class A 12% cents; class B 12% cents, Dec, 15, record Dec, |, Robinson Little Co, Lid,, com- mon 20 cents, Dec. 31, record Dec, 15, Quebec Natural Gas, 5.40. percent pref, $1.35, Dec, a1, record Dec, 18; Si -per-centia pref, * 37%, Dec, 31, record Dee, 16, é vate Power Lid,, common 17% cents; § - per - cent pref, pref, $1.25, Jan, 3, record Dec, Wellington Financial Corp. Lid,, class A § cents, Dec, 15, record Dec, 2, Weldwood of Canada Léd,, 12% cents, Jan, 1, record Dec, Great - West Life Insurance Co,, 22 cents, Jan, 1, record Dec, 16, Shulty"s Industries Lid, com: mon 10 cents, Dec, 18, record) Dec, 1, Bethlchom Copper Corp, Ltd,, | 10 cents, Dec, 18, record Dec, 1. | Selkirk Holdings Ltd,, class A 7% cents, Dec, 30, record Dec, 2,000,000 pounds a day. BABY BONUS "BONUS 15, ioe quickly extinguished tive position relative to BUSINESS BRIEFS AIRPORTS GET GRANTS Since Jan, 1, 1965, four mu- nicipal airports in Ontario have received a total of $961,635 in federal grants, James Byrne, narliamentary secretary to 'Transport Minister Pickersgiii said Monday, He supplied be information in a written i, to a Commons question by ber Smith (PC--Simooe North), The airports and their grants: Waterloo . Wellington $374,000; Peterborough $515,000; Sarnia $30,650; and the Niagara Dis: trict $41,985, STEEL OUTPUT DOWN " Steel ingot production totalled 172,082 tons last week, a 4.2. per-cent decrease from the pre ceding week, the Dominion Bu: reau of Statistics reports, Based on 1957-59 production equalling 100, production last week was at an index of }80, compared with 188 a week@ariler and 198 a year previous, FEWER MOTOR VEHICLES Motor vehicle production in October declined 1,6 per cent to 71,756 from 72,848 in October last year, but production in the first 10 months of this year reached 728,450 compared with 672,173 in the same period last year, the Dominion Bureau of Statistios reports, Extinguish kitchen fires quickly with Cow Brand Flash fires, eaueed by Spilied grease or fat, can by dousing the fame with cent in The 'Netherlands, about 50 per cent in Canada and France and slightly more than 50 per cent in Sweden, PRODUCE TORONTO (CP) -- Wholesale to retail. carton ones average pew Wholesale price to country stations fibre cases quoted by the Toronto Board of Trade from wholesale egg deal- ers; Extra large 61-62; large 58 60; medium 54-56; amall 42-44; B 42; C 35-36, Butter prices: Agricultural Stabilization board tenderable cariots; buying 40 score 58; buying 39 score 58; selling 61, eppenelty while ¢ ryan dae Fase A ere still availble. 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