Oshawa Times (1958-), 12 Jul 1967, p. 10

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10 THE OSHAWA TIMES, Wednesdey, July 12, 1967 tto be detected by congressional|heavy trading !n some repre-) Thus, @ $100 stock with in- jand regulatory listening devices! sents nothing but a fatal greed jcome of $5 a share has a price- in Washington. The evidence is coming injearnings ratio of 20-to-1, a fig- e,2 ' ¥ Orbiting Stocks Bring Fortunes Speculation that a small com: faster and the Securities and ure that is considerably higher pany might become successful|m xchange Commission and ts can be healthy and profitable.stock market officials have|"@" the multiple for most of * 8 | : ' B. T Otti But gambling, which really is/peen active lately, primarily in|the blue chip, investment-grade To Speculators, ane 0 Cla S the worry, can only bring prob- seeking clarification of rumors. | stocks. lems. METROPOLITANE tf Manager's | (= ah But the evidence comes also| Nevertheless, at least one in the form of price-earnings!company now has a price-earn- ratios, a standard guide on Wall ings ratio of 200-to-1 and many Street. It is a figure calculated by dividing the company's earn-/thers are in the 50- to 100-to-1 ings into the price of its stock.|category. NEW YOR K(AP)--In lessjsome speculators and tremors, than one year the prices of to market officials. The immediate concern is gome stocks listed on Canadian' The eventual danger that that some stocks are being and American exchanges have market men see ix the crashing manipulated, that prices of oth- doubled, tripled and more than|return to earth of some of pee are rising on incomplete re quadrupled, bringing fortunes toistocks, with the impact certain ports and rumors, and that => ZS naan @ Aa Dul | MANAGER'S BB ail | SPECIAL FEATURE LADIES SWEATERS ssorted ladies, orlon blend bulky .. knit cardigans, Assorted colours in sizes S.M.L. B. Ladies Acrylic cardigan with long sleeves. Sizes S.M.L in assorted colours, MEN'S STRETCHY NYLON ANKLETS REG. 89 VALUE Comfortable, fast A drying. Assorted m patterns and co- lours. Fit sizes 84 Mgrs Special At SPROULE'S Sproule's Beef is Red Brand Beef -- Canada's finest grade to assure quality, flavour and natural ten- derness. ELVALON DRAPES 1445" A. Orlon blend B. 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