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13° THE OSHAWA TIMES, Saturday, August 29, 1959 WEEK IN BUSINESS Rising Prices Stir p Washington as planned -- Khrushchev or no flation views a new and differ Khrushchev. ent twist With ei riding high,| His argument took Js tack: there was t i enough fi ustry Ww. this week about Hoh i Dot - id ing prices, rising costs and infla- Weekly Summary Of Stock Market Activity LL Se gS on ema TAS WO OM roman. 1958 Industrials ek s High Lew Clues Change Hp Low eT we $33 33 3 15 1 High Low Close Change Righ Lew A snd B 37% 37 Mn $2315 23% 23% 89% 9 M+ wn $16% 16% 16% + % 305 35 +N 160 145 156 260 M5 ii ssEBbadsest £ s§g88 + % g8 20 * FHT AR EET HEH a4 Egy ES 2 4 = soze.ul Foss IE INCTTNS - £2I5T 8 By WALTER BREEDE JR. NEW YORK (AP) -- Strikes, shortages and Khrushchev wor- ried U.S. businessmen this week as the aved prospects of a \booming fourth quarter. 3334 £82 LH iv shat = PE LRH E3 E8zsuns § + 65s ES = hiv, a hold the line on prices. In manu. facturing industries, where out. ++ 1 S > F828 eE ale fesse i - £8 Ups ggued sucy aunt srseeds™" Ea a I AE EELLEL A OI = gan L) LL HERO LL E33 +1 F Lutit+ sas ess REF seer f++1141 +11 Cal Pow Cal Pow 3 pr i 0 ion 100 C Bread B 51% = 31% 27% TW 330 815% 15 Can Foils 100 Can Foils A 235 Cl Fodry 3 Cl F 4% 90 Can Malt 145 Can Malt pr 240 C Pack A 100 C Pack B 300 C Safe 4 pr CSL pr C Bank Com 4294 Cdn Brew 5415 Cdn Brew pr 50 CBAL A wits 2835 EE EE Ty 25 H20s112%4 $604 $39% $39 795 12% 0% -- % 10% da 17% + 1868 -% 50 $1001 100% 100 7579 $27% 2% WH ~~ % 1220 aa Ag a + br 156 ou iu iu + % 2 9 14 5 00 5 pt 14 Tw 3 " 5 500 455 +20 $i4 120 13% + % 8 9 9 ---Ye 115 5169 345% 4% 185 $1043¢ 104 87 7 $18% $18% $134 4 104 by 7 % 18% 8% -- 3% » 18% -- 13% 12% 8 2B +B % $88'sn8l4 Son ---a aM) 3% 12% 6% gr a gene HE BE i HE LRP %sy 23 Eyrelpusyl Eancls LETH ds & t "guy ugifagsEen - - This Wee hammer Wigh Lew Close Change Po Row A a ® Ld 12 a1 3 Suess: = s * pales sized 82 = a Eee" B 5 ul £3 ESRNSE " : saunEisscsaia 2¥a8e 8 {3 x dcop Black Bay Bonville ERIE fizeissd sf Baden lye. gFudpanfye & 8 i on Ww 5 ¥ a v = nhs tgsdagd Cent Pore Cheskirk Chester Chid Jae Chib Kay Chib M Chimo Chrom Coch Will Cody Reco Coin Lake 1000 Colomac 107500 C Met 3 td 33 ea t Coniagas 17100 32 Confaurum 1700 4 37 Con Key 2% 2% > Blekeno 7766 > Beta G 18767 16% > Callinan 2 12 C Denison 20834 $14 Den wits - Disevry C Fen Con Gillies CG Arrow C Halliwell +] +411 ware FF Norlartie Normetal Norpax Norsyne N Coldst N Clds ris Northgate 5900 N Gldest 189567 N Rank 76500 Norihsp 50432 Norsp A wis 5700 North Can 2090 Norvalie 17600 Nova Beau 2360 Nudul us1s 170716 Obaska O'Brien Oka Rare O'Leary Opem 1 Qichan El Ovenada Ormsby Osisko Pamour Paramagq Parbec Pardee Pater i Patino wis Pato "Paymast Pee Expl Peerless GA Radiore Rainville Rayrock Realm Reeves Renable Rexspar Rio Rup Ra, wh Rockin Rowan Con Ryanor San Ant Sand Riv Satellite Sherritt Sigma Sil Miller Slocan VR Stdeona Stanleigh Stanigh wits Stanrck Starratt # BS susserseiing ds uagann dr n =F ES g ss Buena 850s = = * ¥ =. Bsn es Bsa25. 00s =F ER PITRE TN I) be =2335abalS chads E Ld + Eamsy he Sa 2B =] © w 35 -5 14% 14% -- % to 8 td Ld 5 # 6 86 10% U% 1% 13 15 M0 +4 " +10 2 3 31% 67 +4 8 +1 4h --~ 6 4 TS | 13 %0 5 19% -- % 8 + % +7 i rs | > ES ae EBassiy sued. casscE Evzasye su w = & gor abisaLer 5 Ge ¥F - PET EE PI 5 3258 £ = |] fo snessslinssg sun siBruasgoabosnsas ¥ naflsgaopreiseiisas oy ® Questions surrounding Presi- dent Eisenhower's coming talks pe for ibd conferences with Ad- enauer, Macmillan and de Gaulle, Would the Khrushchev meet- ings produce a break in the cold war and further cuts in defence ding: The ications were pot too clear: Such curtailments with cancelled contracts, plant layoffs and reduced earnings of some manufacturers, could put at least a temporary crimp in the expected year end business boom. Consensus at the Pentagon seemed to be that defence spend- ing would go ahead pretty much 'Tax Money Increased For Month | OTTAWA (CP) --% Diora {revenues in July rose by $45 000 over the corresponding month last year, reflecting increased personal income tax rates which took effect July 1. Finance Minister FFlem- ing"s monthly treasury statement released Friday night shows that revenues in the month increased last July. Expenditures totalled $483,400, 000, up from $35,300,000 a year ago, resulting in a budgetary sur- plus for the month of $5,90,000, The surplus last July was $88, 900,000. Personal income tax collections in July rose to $152,800,000 from $137,600,000 a year ago. Revenues from corporation income tax ine creased to $108,000,000 from $101,- macicaly nto the foreground as gave the administration's anti-in- flew to E to $489,300,000 from $444,200,000 000. tion's impact on 'the dollar. Raymond J. Saulnier the presi- dent's top economic adviser, Tractor Firm Sales Set High SAN FRANCISCO (CP)--John H, Shiner, vice-president, market. ing for Massey-Ferguson Limited, Toronto, Friday reported nine month sales were the highest in the company's history Mr. Shiner said total sales reached $376,000,000 as against $334,000,000 in the first nine months of 1958. Figures for 1959 Perkins Limited of Peterborough, England. ! the nine-month period rose by 29 per cent over last year's figure to a total of $167,000,000 compared with the 1958 mark of $130,000, 000, Canadian sales increased 43 per cent while United States sales were up 25 per cent. COVENTRY, England (Reut- ers)--The Standard Motor Com- pany will sell its tractor plant to the Canadian firm of Massey Fer- guson for nearly £18,000,000, it was announced FFriday In Toronto, Massey - Ferguson Friday reported that it and its associate company, F. Perkins Limited of Peterborough, Eng- land have lined up business with Yugoslavia in excess of $40,000, include sales of $13,000.000 by F. freight North American sales during] put a man has climbed at an es- pecially fast clip, manufacturers should pass this benefit on to con- sumers in the form of lower . prices. Also, workers in such in- dustries should settle for wage boosts smaller than the actual gains in worker output. Saulnier made no mention of steel. But his thesis clearly ap- plied to the steel industry, where productivity has risen sharply and where strike negotiations are snarled on the wage-price issue TOUCHY ECONOMY As the strike dragged into its seventh week, effects of the shut- down touched the economy at several sensitive spots Railways serving the steel in- dustry reported a further drop in carloadings. Both the [Pennsylvania Railroad and the New York Central disclosed that they lost money in July. Because of the bleak outlook, the Pennsylvania is alashing ex- ecutive salaries over $10,000 by 10 per cent and those over $7,200 by> five per cent, The Boston and Maine made a similar 10-per-cent cut on all salaries over $10,000. While big manufacturers still had plenty of steel, smaller com- panies supplying these manufac- turers with parts were runni out of certain kinds of the ages were the rule too, this Wage in appliance and tex- tiles, What's the over - all business outlook for fall? Once the steel strike is settled, economists say, the economy will mount a power- ful upsurge, But tight money and rising costs may squeeze profit margins, with the squeeze getting worse as busi gets better. STOCK MARKET NET EARNINGS By THE CANADIAN PRESS Industrial Acceptance Corp, Ltd., 6 mos. ended June 30: 5, $32,086,040, $1.64 on 2,748 shares; 1958, $20,943,188, er 2,708,334 shares. Kroy Oils Lid., year 400,000. For the first four months of the current fiscal year revenues totalled $1,665,200,000 and expen- ditures $1,626,800,000, resulting in expenditures $1,421 700, 000. New Director To John Labatt, Lid. LONDON, Ont. (CP)--John B. a surplus of $38,400,000. In the same period last year there was @ surplus of $24,000,000, with rev- enues totalling $1,445,700,000 and April 30: 1959 net loss roo. | | 1958 net profit, $20,477, Selling Your Home ? LIST PHOTO CO-OP 150 selesmen of your servies. Contact your local realtor. «= CPR-TUNES £33 Cronyn was elected a director of John Labatt Ltd. Friday, filling a vacancy created when his father V. P. Cronyn, asked that his name not be submitted for re-election to the board. bp LA a ESHER Sah 3 Pluns 3-131 Pia i FL | a =F a} FR-TE PETE TET +4 +1 pS | ZEuBfrfssgat 3 EudfEsny ¥ suadd ES Sylvanite anaat it | = uRsd © Temag Territory £8 ge PTT d L il I Le TEL A, Mass-F 5% Maxwell Why 5s 3 $71 73% "wn $1748 170% Side 14% $30 30 780 $37% 36% 85% S54 $7%h Th $13% 13% i] Ey 1% Exar EE EE¥rse ERA RS 52% 13% $15% 36% 6% 6% 300 475 485 $2215 WW WY S54 3 Sh 450 815 15 18 20 200 2 00 $181 18% 18% $28 uu $3430 M% Mu $9% 9% 9% 155 155 188 4026 $54 53% 53% $6% 6% 6% $3814 37% 38 $151 j3 151 Th MA TM $16% 1644 16% +l +4+++ EEE ¥ i+] +i Irogq Jefferson JNat Drug Jock C Jock C pr Jock C.B pr Jock C wis 2800 Kelly D A 29 $8 Kelly wis 1045 Kelvinator : I++ FF EFS FE + | FE EEEF Macld A pr 75 MacMill A 75 MachMill B 5785 M deaf MI 319 ef M pr Mass-F 31080 Mass-F pr 3 310 BusEasBucy BREN. 2 8 # e139 gureisogiycy # a TTY $e¥*3 2% efate f $rock Abacus Acad Uran Advocate aitcho Alba Expl Algom Am Larder 300 B 0 Mh +1% ETS EF TEE 13 10 1 Bun EEE TullilenEnlys 28 Ege ERNE # n 46 ns 13 b 160 60 ad n 15 2 7 233 and 63 0h 30 34 Fd Ed 30 ms 130 4% 38 3 100 1084 05 190 Lod 10 8 » 45% : 5 380 183 105 S¥B.Bau ERLE spElE BuasElgl Ral. EEE B.D - " 385 Baz " Reis + L] & Fi 5ulE E.8 Lei EE S86 & 8:8 3] s8Eentsly e8ox LLL sel LL Foutpl 8 : > * eEBoanas Heali. nsl" ols += so x F pane = sxe Sued Sg i eE8uixanclvalse. ant eSuyunl = 3-3-5] + J FatBEs. xe; sEE HeBlifissce ¥ 38s k FS ET & ¥Es ssl BuEEd TooaBulis ° PETE TY-1-4 Se-iS § IR =xEBse 2535858 cad 5 +a - = 8 w= 8 SFP tats sagedasBEE ERT ~ 2EsBaclztase 4 8% TH --%h > 5 greduBackiisas SusbSonsil BE BEused ¥ sgElEandBaNE Ensdiak Mines This Week: High Low Close Change mer 1 Lew Salen 0816 76500 880 4700 208 AsdB 11 +2 + LR i gorsdgn IF 3 Kgs. Egullvgs.sy Srudfcrs. B.8580083 = +4 3 a8EnE % esBSE manana aoll stifg.s % gsEl g = a8Ng wa 2 Eas Eur © 4 Sdracsssies dssgsled a 4 H8Eudu., 2. f= $3culcpLuB. BEE $ 3 ELAR PUTT § 8.5 Ea Thom L Tiara Tombill scan sssusels shu dguualivdon «BEREERE = & By 1 ~gaxsBucsiinagudncan «38 ES LA PHeSTgR yV.uvile Seog TORONTO WEEKLY STOCK QUOTES The Canadian Press by 415 to 4 RY 1] the Toronto totalled 181. + marked $). By Sales Mass-F 31080 Tr Can PL 204% Bell Phone 16297 BA Oil 14635 Trans Mtn 13880 vtoek #98 sn. zy LTTE BE F032 P ° $5.0f s.uE. Orchan 2519700 Buffad 650200 Northld 344043 Peerleds 232300 Bidcop 226860 a. wa =Enf%ze Baia Qay% WEEK'S MOST ACTIVE 25 1% 33000 124 108 117 to Stock Exchange this week. Issues noRanyed Volume for the week was 13,322,000, up from the previous week's 13,229,000. Total sales for the year to date are 586,084,901. (Quotations in cents unless TORONTO STOCKS The CanadianPress OILS 103 82 30 25 =3Eus ELL 8B 0 Mh he MINES 132 100 +10 27 i 16% --11% us % 5 MH ™ 5-} 4-1 + Eo 4 7 2% +1 pulsf u88sF §854% Car Makers Affected By Changeover TORONTO (CP) -- The Cana- dian automobile industry was not back in full production again this week as model changeovers and final week's of vacation kept all but Ford Motor and International Harvester shut-down. The Canadian Automobile Chamber Commerce reports the total week's production was 1,529 vehicles, compared with 3,- 011 last week--made up of 1,025 cars, compared with 2.244 and 504 trucks compared with 767. Production to date this year is estimated at 282,199 vehicles compared with 250,285 in the cor- responding period last year. This was made up of 230,858 cir « compared with 210,067 and 51,251 trucks, compared with 40,228. Production of cars and trucks by companies this week and this year to date, with figures for last nding per- Chrysler nil (nil); 31,726 (31, 564) Ford 1,025 (2,244); 73913 (63,081); General Motors nil (nil) 119,655 (112,602) Studebaker-Pack- ard nil (ul); 5,564 (2,720). Trucks: Chrysler nil (nil); 4,678 (4,268) Ford 277 (55); 12,916 (11,738) Motors nil (nil); 24,049 (17,176) International 227 (212); 9,608 (7, The Gas we do have cert Furthermore you 67 KING ST. WEST . «OH and New Transmission is All Clutch Yours . . . Free... Sir... Though the above are not included, ain free services. don't have to hyp- notize us to get them. Just ask! We're always happy to serve you. Don't learn about 'bad brakes' by accident ® BRAKE SPECIALISTS W. L. HOUSTON SERVICE STATION and GARAGE RA 3-7822 $1,000,000 Office For BA In Toronto TORONTO (CP)--British Amer- ican Oil Company plans to build a $1,000,000 office building in the city's north end to house its On- tario division headquarters. James Hewitt of the real es- tate firm of Shortill and Hi ins said an auto sales firm and six Davisville Avenue Pleasant Road. and Mount COUNTY GOLF WINNER BARRIE (CP)--Madeline Eng- lich of Midland won the three da Simcoe County ladies golf c.al. 'ouship Friday, defeating Tibbie Brooks of Orillia Khrushchev To Visit Border WASHINGTON (AP) -- The White House has turned over to the state department a sugges- tion that Soviet Premier Khrush- chey inspecte the United States- Canada border next month. Gustave Wiedeman, Bluff Point, N.Y., recommended in a letter to Senator Kenneth B. Keating (Rep. N.Y.) that Khrush. chev take a heli g Dutch Insurance Co. Buys Shares TORONTO (CP)--A Dutch in- surance company is to buy 85 per cent of the Halifax Insurance Company shares. The buyer is The Netherlands Insurance Group of the Nether- lands Insurance Company estab- lished 1854 Limited, The Nether- lands Lloyd and the Holland of 1859. The group has operated in Can- ada for four years in both life and general insurance fields. trip alon, the seaway to see the true spirit of peace. Keating turmed the letter over to the White House. Khrushchev"s itinerary does not| HELP RETARDED MOOSE JAW, Sask. (CP) -- A seminar for parents of retarded children dving in rural areas will be held here Nov. 17 to 19. Per- in 18-hole include any travel close to the sonal problems will get special Best Quality At the Most . Call OSHAWA -- RA 5-1109 A . . Le FURNACE FUEL OIL & STOVE OIL REASONABLE PRICE VIGOR OI COMPANY LIMITED WHITBY --- MO 8-3644 7