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10 THE OSHAWA TIMES, Tuesdey, February 24, 1959 TODAY'S TORONTO TORONTO By The Canadian Press x to Stock Exchange--Feb. $4 otal cents unless marked 3 xr-- Exe (Quotations in g--Odd lot, xd--Ex-dividend, rights, xw--Ex-warrants.) . Industrials Sales h Low 11 a.m. tu. 8% 9 210 $17 17 775 350 345 270 20 23% BY 28% 45%. otal d Agnew-8 Alta Dist Alta Dist vt 400 270 Alta, Gas 450 $23% Algoma 250 $38% 2785 $20% Bank NS Bank NS rts 210 560 Bell Phone 795 Bowater 100 Brazil 271 Br Tank 400 30 Build Prod Burns Can Cem Cl Fndry 50 C Bank Com 365 C Bk C rts 2050 250 100 CBAL B wits 215 C Chem 270 C Collieries 200 C Fairbks 100 $30 CG Sec A 200 850 30 $154% 154% $15 15 13% 11% 37% 20% 13% 11% 7% 20% 2 un 7 37% 26% 6% 21% 20 34% 7 37% 26% 46% 217% 8954 15% 20% 11% 23 75 15% 20% 11% 2 75 75 $54 54 54 90 $116%4 116 116%4 115 815% 15% 500 835 835 100 $394 39% 8 100 $8 $623, 62 Not Sales High Lew 11 a.m, Ch'ge J] 126% + "a + 11% Stoek Stock Steinbg A 25 825 8 8 Propane 175 $123% 12% Tamblyn pr 44% 11% 6% 35% 41% 31 Als ++ Tr Trans-Mt N Trans PPL Union Ace Un Gas U Corp B Un Steel Un Telef Vanadium Walk GW Wat Equip W Cop wis Weston A Weston B White Pass Curb Asbestos N Ch'ge - sss wx #2 fergyey ++ * & SE53EEEERREE nes S, g 2pgdisd i+ EE 3 1 7 | & Ea =F + ES i 3 3 F # b+ FF BE FFE £3 ++ TT hd ° B2:88s8e = + WB ---W + W + 4% + W Lynx Macassa xd Macdon MacLeod Malartie C Haiiwel 142000 MONTREAL S ot Sales High Low 11 a.m. Ch'ge 102 108 +8 ' TOCKS MONTREAL By The Canadian Press Stock Feb fd 21 --W +2 +3 rights, Stoel Abitibi Algoma Alumi Argus Argus 240 240 12% 12% 19 19 4 7% 172 485 C Viel Coghlin Con M and 8 575 Con Glass Crown Zell A Dist Seag D Cot D Fndry D Glass Dom Dom Du Pont Fam Ford Frase! Fr (Quotations in cents unless marked $. Pete pr Gatineau Maralgo Gen Dynam 89% -- % +H +" 316% 157 208 138 900 335 300 295 300 $10% 10% 10% 4 33 M4 52 m 2 Hh + WB 12% -- % 11% -- % Me 560 560 B60 $11% U% 1% 28% 2 81% 41% 16% n% % 4 16% 13% 135 1 15 $81%4 200 $41% 13% 160 $snzBR3n3bE $5 $11% $347 $71 $52 $764 110 100 25 pL nn 82 7 + + $10% 10% 10% -- % 275 23 25 5 Uh + + 82 764 +1 Algom Algom wis 2160 405 Amal Rare 5000 Anacon 200 Arcadia 1000 Arjon 1000 Atlin-Ruf 1500 Aunor 500 Avilla Bankeno Barnat B Metals Baska B-Dug 500 Bethlm 1000 Bevcon rts 14500 Bibis 22700 Bidcop 500 Bouzan 500 Boymar ed "w 500 700 3000 1350 1000 Can-Met Cassiar Cent Pat Cent Pore 2650 280 300 4500 500 keno 5000 16500 990 630 325 600 C Belle Callinan Denison Den wis Discovery > Fen 325 385 51 30 115 115 16% 152 208 133 335 51 Marcon Maritime Ma Mcintyre McKen Merrill Milliken Nama Cr N Dicken N Goldvue N Hosco N Jason N Kelore N Mylama Nipissing Nisto Noranda Norgnid Norlartie Normetal Norpax Norsyne N Gate N Golderst N Rank Northsp Nrsp A wis Obaska Ogama Opem Pater Pick Crow Pioneer Pronto Que Ascot Que Cib Que Lab qunston Quemont Radiore Rainville Rayrock Rio Rup Stanleigh Steep R Sturgeon Sullivan Sylvanite Taurcanis Yukon Con GL P Gypsum Home H Sm Hud Bay Inland C int 'Ni Lower StL MacMill Mass- Mass- Molsor Molso! Molso Mont N Sst Pac Pete Page Pow Price Price Que N Gas Que Pow 65 Roe AV Can 5250 Roe AV C pr 85 Rolland A Royal StL Steel Steinb Tor-Dom Bk Trans Triad Un St Walk Westo) Abitea Ang Pulp Can Dom Sug 125 500 C Ma C Paper Con Gas Crain Dom Olcloth Macla Moore 1050 1000 SC Pos 30 T Fin Trans Corp Shawin Shawin 4 Shawin 4% pc 25 Simpsons Southam St Srtuct St Que Phone Shop Save lot, xd--Ex-dividend, xr--Ex- , xw--Ex-warrants.) Industrials 11:30 Net High Lew a. m. Ch'ge 3% + % 38% k Sales 525 1190 2760 230 240 pr 70 180 $3944 30 338% 38% 29 $37% 37% $84 84 $33%. 33% 855% 55% n 29 37% 84 545 545 $3544 35% 460 460 $50% 50% $43 4 87 h 86% 6% $43 43 25 $47 47 317% 17% $38% 38 38 3% 43% $37% 37% 88 34% 2 kers 50 100 150 rset r Al Text Play us T aper oil A th ickel B F F pr n A n B n pr Loco Car Hers Corp Br Br pr 750 Bank 385 500 625 z10 108 z5 225 732 100 110 305 350 2100 530 25 40% 40% Can gE A C oil eel GW nA PL Canadian 1200 80 80 150 843 4 960 $7% TW 235 200 $26 reoni 825 200 525 28 25 300 ren 115 275 25 50 1550 $12% 12% w 6pr A Mt UNIQUE INSIGNIA This insignia, now approved | the Commonwealth air forces by the Queen for the RCAF's | to use a human figure; and the 418 City of Edmonton reserve | first to use the Eskimo lan- sets | guage for its molto. Eskimo OTTAWA (CP)--Canadian uni- versities are achieving more business - like arrangements for discussion and handling of $25. 000,000 a year in federal grants. The National Conference of Ca- nadian Universities is passing out University Grants Handling Better The other will be the National Conference of Canadian Univer- sities and Colleges, * GRANTS STARTED CHANGES Prior to 1956, Dr. Matthews ex- plained Monday, the expiring conference met once a year to ex J T. H. Matthews said Monday. Two organizations will take its place. One will be a 21 - university group called the Canadian Uni- |versities Foundation, just incor- porated as a chartered company by the secretary of state. STOCK MARKET NET EARNINGS By THE CANADIAN PRESS Asbestos Corp. Lid, year ended Dec. 31: 1958, $4,134,769, $2.29 a share; $5,223,191, $2.90. Credit Foncier Franco - Cana- dien, year ended Dec. 31: 1958, $1,639,010; 1957, $1,505,466. Kirkland Minerals Corp. Ltd., year ended Dec. 31: 1958, $28,411; 1957, net loss $157,379 Lake Cinch Mines Ltd., year ended Dec. 31: 1958, $527,803. | (First full year of operation.) DEVELOPING FANS HONITON. England (CP) -- A golf club in this Devon town pro- vides two months' free golf to prospective members new to the game, while they decide if they {like it. | Mr. Lloyd said the most power- squadron, three prece- talk over university matters. In 1956, the then prime minister, Louis St. Laurent, announced $17,000,000 in annual federal grants and the conference hur- riedly was incorporated to handle them. But it was unwieldy with 244 members, Dr. Mafthews said, and it was decided last June at Edmonton to make a switch, Heads of 21 universities will sit on the foundation--with a board of directors of seven members-- and will be responsible for the grants which now have risen to more than $25,000,000 a year. The foundation will handle ne- gotjations with the government, parcel out grants and cache away grants which Quebec uni- versities feel unable to accept be- cause Premier Duplessis regards {them as encroachments on pro- |vincial autonomy. | Meetings will be held several {times a year and the chairman {of the foundation will be the pres- ident of the second group, the {new national conference. This group will carry on as a (simple association dedicated to meeting once a year to discuss university affairs generally, Dr. {Matthews said. He will work for {both groups. | |tion, said Monday night the world |is entering a new industrial rev- wring if we, the originators of |oluton--one to regard this as other than in-| dents; it is the first to be pre- sented to an operational RCAF reserve squadron; the first in New Industrial Revolutio Seen Through Technology TORONTO (CP)--Geoffrey W.|evitable and, in the long run, en- Lloyd, British minister of educa- tirely desirable and right. "But it would call for hand- | motto *'piyautailili" means "de- fend even unto death'. -CP from National Defence ie that is world-wide this extraordinary technological and moving swiftly because of revolution, were to stand still and the acceleration in technological jet our pupils become our mas- advances. |ters." Stockholders Approve Sale |ful instrument for the West in| | competitive co-existence is edu-| |cation, and individual and na-| {tional needs must be met by a| massive enlargement of educa-| TORONTO (CP)--Stockholders (tional opportunity. lot Gypsum, Lime and Alabastine | The British education minister | Canada Ltd. Monday approved |said that in Britain the principle the sale of the company's assets lis followed that mo boy or girl{to Dominion Tar and Chemical {should be denied access to higher|Co. Ltd., at a meeting here. |education through lack of means.| Gypsum shareholders are to re- By the 1960s, Britain intends to ceive two shares of Dominion Tar double its present output of sci- plus $14.50 in cash for each Gyp- entists and technologists, he said. sum share. {Support of industry was basic to] Two weeks ago Dominion Tar this and British industry had con- shareholders approved a doubling jiributed the Squivaient of 3.450. jo the company's common stock 0 help establish a. new col- to allow acquisiti 4 |lege--to be named after Sir Win- quisition of Gypsum. [ston Churchill -- at Cambridge | University. He told the annual dinner of | the Toronto board of trade that "Russia and China, together with many countries both within and outside the Commonwealth, are advancing along the trail the Western world has blazed. It would be blind and ungenerous SUBSCRIBERS THE TIMES OSHAWA FOR MISSED PAPERS AND OSHAWA'S FINEST TAXI SERVICE PHONE UNITED TAXI RA 5-3541 If vou have not regeived your Times, phone your carrier boy first. If you ore unable to con- tact him by 7.00 p.m. TELEPHONE UNITED TAXI Calls Accepted Between 7-7:30 p.m. Only Sea. «= Air - (ALL FREE 57 King Stree PHONE "BUSINESS SPOTLIGHT Pulp, Paper Industry Had Satisfactory Year Conference Of Rll Parties Bank Man Says TORONTO (CP)--A conference of labor, business, agriculture, government and consumer repre- sentatives to discuss then fight |inflation, has been suggested by MONTREAL (CP) -- Despite|pacity of the industry, brought print industry had dropped to the a Canadian bank president. the business recession, the Cana- about by the construction of new lowest level of the post - war dian Pulp and Paper Industry ex- mills and by the expansion of ex-|years." perienced "a not unsatisfactory isting mills, has not completely year" in 1958 and 1959 should be come to an end," said Mr, Fow- demand for newsprint towards ence could form working parties) "slightly better." Robert M. Fowler, president of sociation, in his annual report to the association said: "The business outlook is con- siderably more pleasant than it was 12 months ago . . . we can Jook forward, therefore, to the continued progress of this indus- try provided that the interests of the great exporters, on which the development of Canada de- pends, are not overshadowed by other and less important consid- erations in our natioral or other policies." .. The report said the over - all 'demand for pulp and paper pro- «ducts in 1958 declined by about three per cent. This decline was magnified in the stalistical fig- ures of mill operating ratios be- "pause the capacity of the Cana- «dian industry had been increased Jast year. "The increase in productive 'Woodpecker's 'Pace Slower CAMPBELLFORD (CP This | Eastern Ontario town's demon| woodpecker, Woody, who has been damaging town hydro poles in wholesale fashion, is still at jarge but his pace seems to be slowing down. BV the beginning of last week, Woody had pecked holes in 25) poles, all of which will have to| be replaced to the tune of $100 «ach. Last week he attacked only five more, indicating either a satiated appetite or perhaps a sore beak. Utilities Commission Manager Arthur Evans, who has been hunting Woody with a shotgun, said Monday: "I hope he finds a mate soon so that he will become interested in something else be- sides our poles," ca- ler. atively small. . . the industry ships to cus 396,501 tons produced in 1957, bu! | - There were signs of increasing {the end of 1958, said Mr. Fow- A. C. Ashforth, president of the Toronto-Dominion Bank, told the |Canadian Club here the confer- {who would attack specific prob- 'However, the total addition toler. During the first half of the|lems and report back. the Canadian Pulp and Paper As- capacity in 1959 by individual year U.S. demand decreased by | Mr. Ashforth said the blame Mr. Fowler said that of the to- cnt. + Canada esti tal pulp and paper tonnage that! The Newsprint Association of t a es d that U.S. CON an inflationary effect . . | 58 per cent is newsprint. The Sumption in January was 530.078| whole the policies have had pub-| companies is expected to be rel- six per cent, but the decrease aller inflation can not be put or {the year's end was only three per government alone. "While it is {true that monetary and fiscal policies of government have had . on the United States imports about 80 tons, against 517,977 tons in Jan- |jc support." per cent of Canada's newsprint Uary 1958. There also seems to be a trend that there would be price stabil- production, Canadian newsprinl production towards increased in 1958 was 6,095,553 tons, almost said Mr. Fowler, "Publishers can now take full simple an explanation. However. five per cent lower than the 6,-| Mr. Ashforth said that to say advertising, ity without the increased wage demands of labor is also too |adantage of every opportunity to labor costs were important in to- only about six per cent less than increase their advertising sales, tal costs and labor would have to the all - time high record estab- a situation which certainly has|"make some contribution along| lished in 1956. not prevailed throughout many of with everyone else." ] " "The productive capacity--of the post-war years. the newsprint mills in 1958 was| more than seven per cent higher than in 1957. Thus by mid-year, the operating ratio of the news- UNDERWOOD | sw TYPEWRITERS STANDARD ELECTRIC PORTABLE * UNDERWOOD- SUNDSTRAND ADDING NZ MACHINES ® Low rental rates--Iate models. Call us for full information. 73 KING ST. E. RA 5-8811 He said corporation profits Underwood Limited FASHIONS: Edna Fashion Show and Jea HARMONY UNITED CHURCH KING EAST, HARMONY ROAD WED., FEB. 25th ® ADMISSION. . , sc veo... 75c @ AT 8 P.M. dnn. Hats. -- I. "have turned buoyant again, a symptom of economic recovery' --but also an indication that busi- ness was passing along increased costs to the consumer by increas- ing selling prices. "It also means that business may be vulnerable to a new round of wage demands," he added. 185% VALUE OF INVESTMENT OVER 9 YEARS $10,000 invested Jan. 1950 in INVESTORS Iwith reinvested dividends was worth $28,544 in Jon. 1959! Corporate investors dividends hove been paid continuously since 1933! 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