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12 THE OSHAWA TIMES, Seturdey, Pobruery 6, 1960 Weekly Summary Of Steck Market Activity TORONTO By The Canadian Pre totalled 182 Volume for the week was 10,354,000, down from the previ Total sales for the year cents unless Quotations in WEEKLY STOCK oor by 436 10 240 on the Toronto Stock Exchange this week. Issues unchanged +1% -1 » -4 17% +4 s 16 --t 0 8 ~10 15% 18% --3% Industrials Tu +%h% 2% Aumaque Abitibi 4102 yo Am Abit pr 260 $22% 22 Agnew-8 2180 So 39a Alta Dist 4220 265 Alta Dis w 825 95 90 id Alta Dist vt 4650 205 un 200 $26 3% 2252 S18% Tos 18% 57 81 - | "F Analog wits 200 Ang Pulp pr 105 Anthes B pr 60 Argus 351 Argus 250 pr 125 Ash Temple Atlan Ace pr 25 $ Atlas Steel 2298 Auto Elec 265 $26 Auto Fab B 200 33: Bank Mont 4411 Bank NS 1550 Bath Pow A 150 Bath Pow B55 Beatty 625 Bell Phone 15788 Bowater 2460 Bow Mer P 140 Bowater 290 $4 Bowat 5% pr 100 25 13182 Bowes Brazil Br Tonk 945 Br Tank pr BA Oil 21468 BCE 4% pr 355 +++] FEEESE ++] 1+ SEF =F $50 $13% 334% $43% $11 11% $10% 10 $10% 10% 275 205 ns 29% $30 $17 17 1 $13% 13 13 C and D $18% 17% ws As 375 $32 30% $26 25% 26 $21% $53 $47 $47T% $56 6145 4572 795 5085 987 BC Forest BC Pow BC Phone Brockville Brown Bruck A 310 Bruck B 295 Build Prod 280 Burlington 350 Burns 1559 Cal Pow an 14380 300 $81 5 $43% $11% $53 $36% 336% $13% 675 5 38 nia tid 11% Slik 1% 1% $15% 14% 14% $10% Li nh 350 $8 or $53 =u $16 16 $12 11% $18 15% $23% $24% $12% $16% $30% $19 $44% $62 $22% $23% 415 $10 300 $13 300 $8% $37% 135 $101 1 125 $102 101% 101% ~~ lu Cosmos 100 $12% 12% Pil + % Craig Bit 600 200 190 Crain RL 3375 20% Bow -- EL] Creativ Tel 43490 8% Crown Zell $45% 45% Crow's N 16 Crush Int 9 29% 19% 7% C Hydro Car 3521 CIL 1205 Cdn Of 1668 CPR 6899 Cdn Pet pr 1270 C Vickers 385 Cdn Wall B 125 CWN Gas 5% 140 Cockshutt Col Cell Comb Ent Conduits Con Baks Con Gas Con Gas A Con Gas B Eddy A Eddy Match Emco Fam Play Fanny F Fed Grain Fed Grain pr 300 hi Fleet Mig +4300 Ford US hs ss 5 $1665 Ford Fndation &% $10% 827% Gooyecar pr G Mackay A g Mackay B Hendshot 170 Hendshot pr 220 H Dauch Horne Pit H Smith Hur Erie Imp Bank ie Ingersoll A Inglis Inland C pr 236 Inland Gas. 7010 Inld G wis 1550 Ind G pr 300 Int Bronze 235 Int Mill po » Mont Loco Mont Trust Moore new 1 Nat Drug Nat Groc Nat Groc pr North Star Nor Star A Nor Star pr N St wits 57 NO NGas 2235 Nor Phone 1650 Nor Phon wis 400 Nthid Util 200 NW Util pr 5 170 7277 Ocean Cem Ont Loan Ont Steel Oshawa A Page-Hers Parker Pembina Pow Corp 105 P Pipe Mfg 9150 Premium 1515 Pres Elect Reichhold R Silk A 145 Roe AV Can 7748 Roe AV 5% 130 Royal Bank 3734 Russell 1500 StL Cem A 300 StL Corp 5235 StL Cp A pr 135 St Maurice 5600 Salada-8 4890 Selkirk A 810 Scythes pr 100 Shawin 1924 Shawin A pr 30 Sicks Silverwd A Simpsons 5108 SKD Mig 4810 Slater 30 Southam 1340 Spartan 1600 St Radio 125 Std Wire 1400 Stedman Steel Can 6323 Steinberg A 835 8 Propane 840 § Prop wis 125 Suptest ord 1285 Suptest com 700 Switson 1025 Taylor PC pr 300 Texaco Thornclitfe 0 Tor-Dom Bk 2755 T Gen Tr 1080 Tor Iron A 340 T Fin A 1563 T Fin 5% pe 25 5 Hd 150 in wis 56 430 wis 57 520 Union ace Un Gas Un Gas pr U Corp B Vieroy A Wainwr Walk GW Webb Knp Westeel West C Brew 433 Weston A 1675 Weston B 315 Wstn pr 6 pe 250 West A wis 635 Wood J A 740 Woodwd A 225 Wdwd A wis 200 Zenith 500 Curb Andian Anglo-Nfld Asbestos 1110 CD Sug 3363 C Ving 50 CG Inv 32 C Ingersoll 300 C Paper 5013 D Glass 365 Dupont 1780 70 110 8795 1940 High Hh .-- Change High Low 1% 2% 115 $29% 28% 42% 115 28% --% $38%% 38% 38% --~1 $23% 355 $10% $3 3 $35% $82 22% $16 415 $16% 390 325 2700 < $3. 1320 MacLaren 110 MO Paper 80 Ogilvie 173 Price Br 157 Acme Gas 9300 Ajax 500 AP C 2600 3500 14800 All Rox Alminex Am Ledue 12055 Anchor 24400 Anglo Am 300 Asamera 41570 Bailey 8 A 5045 Bail 8 5% p B... Banff Bata Tho Britalta 390 Cal Ed 2950 C Chieftn Cdn Dev C Ex Gas C High Cr C Homestd 2008 C Husky 5502 C Husky wis 1240 C Superior 725 Cent Del Charter Of Commoil tCom Pete C Allenbee C Dragon C East Cr 102 C Mic Mac 4700 C West Pete 3421 Cree 58 wits 36430 910 Dome Pete 1005 Duvex 8325 Dynamic 48800 2240 2385 2997 Fargo Gr Plains Home Oil A Home Oil HB Oil G Jump Pnd 4279 1500 LI Pete Longpoint Majtrans Marigold Medal Midcon Mil City N Cont N Davies N Superior Northeal NC oils NCO wits Northld 000 7100 7000 8100 16475 11050 6132 6025 1500 1951 26150 930 1720 1000 Okalta 1000 Pac Pete 9728 Pac Pete w 20 Pamoil 461 $42% 271 395 235 85 800 7% 143 465 $11 $10% $12% 16% L 16% $11% 700 320 to 23% et 10% 23% 10% -- % 80% 81% +1% 2 15% 415 15% 70 110% 34% 75 24 i E 430 10% 10% B 3772 1000 975 12% 12 48 103% 700 15 to N 415 15% -- 3%0 320 z +3 % +15 ---10 8% -- % Wh 480 10% 10% 975 14 54 Ya +5 1% + % 16% + % -3 +3 58 + 10% 700 0950 2% ¥ » * 1 a el PLFLEE LL ET ELI 58 tootaubisksy 614 80 21% 57 - SpEvaieteyenennloy géptpegels FS a3 = 19% 45 i id 5 BBuzaie s2f.. EB uno ee eda BluagEe ¥ Baf.uEg CY §] = 588 8 gas | Belusi. Bou uN od Booz Bound 532 Westates W Decalta W Lease W Naco Windfall Yan Can Curb Dalhousie vy 100 3797 8719 4000 11025 Abacus 8342 Acad Uran 11175 Advocate 11725 Agnico 13706 Akaitche 4000 Algom 2240 Am Larder 2000 Amal Rare 1575 Am Nephe 745 Anacon 78583 Anglo Hur 311 Ang Rouyn Ansil 48895 21» Arcad wis 23400 Area 4600 Arjon pt A Arcadia 44604 Atl C Cop 4200 Atlas Yk 12000 Atlin Ruf 6000 Aumacho 3100 Aumaqu nw Aunor 250 Barnat 11850 Bary Expl: 2100 Base Met 9500 Baska 8900 B-Dugq 23660 Beav Lod 5000 Belcher 10255 Belleterre 4000 Bethlm 21700 Bevcon 12557 Bibis 30200 Bicroft Bidcop Black Bay Bordulac Bouzan Boymar Bralorne Broul Reef Brnswick Buffad Buff Ank Buff RL Bunker Hill Cable Cadamet Camp Chib Camp RL Cdn Astoria 11500 C Dyno 13742 119355 201357 117692 79 12% 12% 2 Con Negus Con Nichol 9000 17125 10823 27250 19000 $8 16% 12% 90 5 $17% 13% 108 Geco Mines Genex Geo Scien Gnt Masct Giant YK Glacier Glenn Uran Goldale GF Uran Goldray Grandroy Grandue Greyhk Gulch Gulf Lead Gunnar H Hard Rock Har-Min H of Lakes Headway Heath High-Bell Hollinger Hoyle Hud Bay Hugh-Pam Hydra Exp 1415 4000 4760 4a This Week. Stock Sales Wen 4 Close Changs Mish ne, a7 ow 108 uh 10 13% 8% 168 175 160 Inspiration Int Nickel Moly 5300 14409 son 16800 12 -- S - Kirk Min Labrador Lake Cin L Dufault Langis #2f 483% uguprubssl 00 13008 20400 2700 12000 702 " 58 L Osu L Shore = = Bubsul - 088u 58a FF & ses.nszs.nsesiay Moneta Mt Wright sare Multi M 7000 Nama Cr 11900 Nat Expl 5000 Nealon Nes Lab New Ath New Bid New Cal New Delhi N Dicken 66710 N Goldvue 17750 N Harri 30100 New Hosco 13700 New Jason 5306 % 98150 nis 8% 4300 N Mylam 269150 ewnor 12200 New Rouyn 5000 Nick M 8 20520 Nick Rim Nipissing Nisto Nor Acme Noranda Norbeau Norgold Norlartie Normetal Norpax Norsyne N Coldstr Northgate N Goldest 7320 N Rank 18750 Northsp 14908 Norsp A wis 8585 2900 5600 4000 2500 3920 29300 1000 8000 2275 8000 4000 10475 99486 j= * > IMeBencyasBerras 2 peoB¥isasernsosiomsagrelony.aslles SERENE Elis anqtabisl s82,.88 = g 300 Sil Miller 6600 Sil Stand 1000 Siscoe 27865 Slocan VR 20994 " Stdcona 20200 Stanleigh 11980 36 33 Stanigh wits 3100 13 11 Stanrck 3055 Starratt Gams Spal 8% "ew 9% 10% + % 33 --2 2 25g pe Sylvanite Taurcanis Taurcan vt Teck-E Femag Chom L Tiara Tombill Torbit Towag Trans Res Trin Chib Ult Shaw U Mining U Asbestos Un Keno Un Fort Ventures Violam Waite Am Weedon Werner W Malar Willroy Will wis Wiltsey Winch Wr Harg Yale « Lead Bulolo Pend Ore 42 Yukon Con Halt At Ford Lowers Qutput TORONTO (CP) -- With Ford Motor Co. passenger-car produc. tion halted, Canadian Motor-veh- icle production this week is es- timated at 8,205 vehicles com- pared with 10,316 last week. The figures -- compiled by the Canadian Automobile Chamber of Commerce -- show production | nibita, of 6,343 cars compared with 8,- 353 last week, and 1,862 trucks compared with 1,963. | Motor - vehicle production to date this year is estimated at 49,866 vehicles compared with 44,067 in the corresponding per-|Ltd., 3 mos. ended Dec. 31; 1959, fod last year--made up of 40,782 $507, 371, 12% cents a share; 19.., cars compared with 37,720, and| $269,082, 6% cents, Six mos. 9084 trucks compared with 6347. {ended Dec. 31: 1959, $972,185, 24 {cents; 1958, $508,800, 13 cents. An exhibition of Romanian folk| Trans Mountain Oil Pipe Line arts opened at Bath, England, Company, year ended De {late in 1959 has about 2,500 ex-|1959, $1, OE 21.7 cents; 1958, |net loss $143, NET EARNINGS By THE CANADIAN PRESS Giant Yellowknife Gold 1V'-ng BUSINESS SPOTLIGHT By GREG MacDONALD Canadian Press Staff Writer Canadian stock markets this week wandered aimlessly through five sessions of monoto- nous trading as high interest rate bonds continued to attract many|S investors. The industrial index remained fairly steady as a result of a three - point gain early in the week, But the volume was low-- the lowest in recent months-- illustrating the attractiveness of the bond issues. Further large-scale corporate and government bond financing during the next few weeks is ex- pected to draw more potential stock money away from the mai- kets. . However, the industrial section had one feature this week, Cana- dian Collieries, a western firm with large coal and timber hold- ings. It was the firm's timber land which attracted the atten- tion. The stock was quoted at slightly more than $7.00 two weeks ago and moved ahead to a high of $11.12 this week and closed at $11, a jump of about 40 per cent. It began to move after rumors that an American ply- wood firm has offered to pur- chase the company, presumably bechuse of its timber holdings. A total of 189,554 of the company's Five Sessions 'Of Dull Trade common shares were turned over on the Toronto board this week. COCKSHUTT LOSES Another industrial, Cockshutt Plow, took a beating. The stock, selling under pressure, went down $4.50. It began to decline after the company announced plans for buying a Florida real estate company in exchange for 380,000 Cockshutt shares, In the mining section coppers fluctuated, mostly upwards, and senior issues were fairly steady. The junior stocks showed some gains, especially the Chibouga- mau issues. International nickel crossed the $100 - a - share mark after an- nouncing plans for a 2-for-1' stock split and increasing its dividend 10 cents (U.S.) to 75 cents, On the oil front, refining oils lost ground in dull trading and western oils were all but dor- mant as little news developed from the National Energy Board on gas exportations, Index changes at Toronto: In- dustrials up .55 at 510.90; golds off 31 at 88.00; base metals off 3.02 at 166.16; and western oils off 1.37 at 99.30. Index changes at Montreal: Banks off 0.04 at 56.13; utilities off 1.8 at 138.3; industrials off 2.4 at 303.9; combined off 22 at 248.7; papers off 6.0 at 430.5; and golds off 0.20 at 79.72. Florida Deal Detail Asked NEW YORK (CP)--Benno M. Bechhold, president of Cockshutt Farm Equipment Lid., said Fri. day plans to buy out' a Florida real estate firm are subject to the completion of legal details. The Toronto Stock Exchange asked Cockshutt Thursday for de tails of its proposed purchase of all the issued capital of N.XK. Winston-Sanson Florida Corp. in exchange for 380,000 Cockshutt shares. In a prepared statement Bech- hold said he wished to make it clear that the purchase is subject to title insurance on the land, the delivery of certified audited statements covering ownership of the land and the preparation and approval of formal contracts. Bechhold said his announce ment to shareholders at the an- nual meeting in Brantford Tues day "was to give effect to the board's policv of keeping share- holders informed on important matters." The deal involves 21,200 acres of land in central Florida with an appraised value of $17,300,000. The value of another 2,610 acres has not been appraised. DISTANCE DETERRED HIM VANCOUVER (CP)--One look down and the 23-year-old man decided against jumping off the Lions Gate bridge here Sunday. Police arrived on the bridge as the man was getting into his car. He told them he had planned to jump off but changed his mind after looking over the railing at the water--230 feet below. New Issue Surprises By THE CANADIAN PRESS The Canadian bond markets got a surprise this week with the re- lease Monday of a $300,000,000 government of Canada bond is- sue. The new issue was split into two parts--a $100,000,000 5% per cent Oct. 1, 1962 maturity and a $200,000,000 5% per cent April 1, 1963 maturity. The 5% per cent 1962 issues now are quoted at $99.85. The recent CNR 5% per cent bonds have remained fairly steady with the 1964 maturity 20 cents higher at $98.50 and the 1958 maturity 75 cents higher at $97.00. Tightness caused by the flood of 2% per cent April 1, 1960 bonds from corporate holders led to available day money being soon taken up. The treasury bill this week came at 4.76 per cent as against 4.60 per cent last week. The 182- day treasury bills came at 4.99 per cent as against 4.91 per cent NEW YORK (AP)--Automobile and steel production and retail sales in the United States dipped this week but confidence that 1960 will be a good business year held strong. The stock market had its ups and downs. Some observers said a major worry was failure of new car sales to show as big an in- crease as expected. Retail auto sales picked up slightly in the final third of Jan- vary, when 173,000 new US. built cars were delivered. Never- theless, the industry cut output this week to an estimated 166,000, the lowest of the new year, from 173,231 last week. Chrysler president .L. Col- bert said he still expects the in- dustry to sell 7,000,000 cars this year but added that "sales are going to have to explode some- time this spring to do it." The steel industry kept its eyes on automobile sales as the major indicator of what its own busi- ness is going to be in the second quarter of this year. It was cer- the week previous. tain that production would run at Auto And Steel Production Dips a high level through the first quarter. But with inventories quickly being built up in other in- dustries, the auto makers hold the answer. Production this week was esti mated at 2,687,000 tons, dows from 2,717,000 last week. Retail trade finally quit its steady climb, slipping back from last week's volume but remain ing slightly ahead of a year age. Poor weather in some areas and an end to clearance sales were blamed. Buyers got some good news when wholesale food prices |dropped sharply. Another welcome development was agreement by the railroad industry and the Brotherhood of locomotive Engineers to submit their wage dispute to binding as bitration. This wiped out the prospect of a strike. In Washington, Commerce See- retary Frederick Mueller said business got off to a good start in January and that the U.S. is enjoying "good, steady, tent growth." WHITBY AND DISTRICT Hillcrest H&S Makes Visit To Variety Village The Hillcrest Home and School Association instead of its regular monthly meeting visited Variety Village, school for handicapped boys. The group met at the school at 7 p.m. and then by cars went to Variety Village. Arthur Robertson and the boys under his direction took the par- ents in groups to make a tour of the school. D. Catherwood, prin- cipal of Hillcrest school, on be- half of the association, thanked Mr. Robertson for the most in- teresting and enlightening tour. One of the boys responded and Benevolent Lodge Welcomes Member Benevolent Rebekah Lodge No. 132 held its regular meeting last Wednesday evening in the IOOF Hall. The meeting came to order with grand sister Grace Harris, presiding, assisted by vice grand sister Greta Ca One visitor was welcomed, sis- ter, Martha Ward, member of Queen Esther Lodge of Saska- toon, who is mow taking up res- idence in Whitby. Sister Camp- bell reported for the sick com- mittee. Many members have been sick and some are still con- fined to their home. Wishes of re- covery were extended to them. Condolances were sent to sister Edith Hoar on the passing of her mother. The members were 1 d to 1 back sister expressed their pl e in see-|P ing visitors interested in their welfare, not enough people do re- alize the wonderful work accom- plished there for the rehabilita- tion of those boys. A pot luck lunch brought by the association was then served and shared with the boys. Girl Guide Badge Report Following is the badge report for the Whitby Girl Guide As- sociation for January, 1960. 1st Company Guides; Stalker, Pat Yeates, tester, Miss Winters, tracker, Pat Yeates, tester Miss Winter, Hostess Eileen Lawrence, Mary Miller, testers, Mrs. Mec- Quay, Mrs. Read. Laundress, J. Knibb, V. Hope- Brown, P. O'Donohue, M. Mec- Connell, E. Pritchard, J. New- land, C. Graves, A. Henstock, testers, Mrs. Lawrence, Mrs. L. Pritchard. 1st Brownie Pack A. Golden Hand, M. Tompkins, testers Mrs. L. Pritchard, Mrs. E, LaTrobe. 1st Brownie Pack B.; Golden Hand, Casey Adams, Irene Sweete, testers Mrs. L. Pritchard, Mrs. E. LaTrobe © WHITBY JAY-BY-DAY DUPLICATE BRIDGE North and south: Mrs, Med- land and Mrs. Davies, 38; Mr. and Mrs. Baker, 35; Mr. and Mrs, Thomas, 32. East and west: Mrs. Baxter and Miss Forsyth, 44; Mr. and Mrs. Freeman and Mr. and Mrs. McCann, tied with 37; Mrs. Wil- son and Mr. Wilson, 36. WHITBY CANCER SOCIETY At the annual meeting of the, Whitby Cancer Society the fol- lowing officers were elected for the 1960 term: President, Ed. _ Robson; vice | president, Mrs, Megan Nichol; secretary, Mrs. Ann Hope-Brown; treasurer Vern Harris. Directors Margaret Dewsbury after a pro- longed illness. The report of the rummage and baking sale was given and a vote of thanks was extended to sis- ters who helped to make it a success. The money to be used to purchase china and flatwear to be used by the lodge. On Thursday, Feb. 11, in the 100F Hall, the Triple Link Club will hold its meeting for the elec- tion of officers. The Rebekah members were asked to be pres- ent. When all business had been attended to, the lodge closed in the usual manner and a social hour was spent with refreshment served by sister Mildred Smith and committee. The winner of the lucky draw was sister Dor- othy Wickett. Mothers Raise $830 For March Of Dimes Here Last Monday evening the Mothers' March of Dimes was carried on for the first time in Whitby by a door to door canvass. The Chief Marching Mother was Mrs, Harry Jermyn, under whose capable leadership over 100 mothers marched. To date over $830 has been col- lected and it is hoped that many more dollars will be added before the campaign closes Feb. 25. Any donation may be deposited in the March of Dimes Boxes conveni- ently located around town, or left in care of Mr. Hiscox, manager of the Toronto-Dominion Bank: The general convener would like. to take this onportunity to thank all the Mothers who marched and all others who help- ed in any way with the cam- paign. Hunter, Ed. Mulligan, Rev. J. Ward, Mrs. Ann Kennedy and Mrs. Marjorie McAvoy. New York Affecting Trade Here By WLLUAM P. SNEAD bara H. Crang Co. Against a background of per sistent liquidation in the New York market, which brought prices there to their lowest level of the year, almost every grou) in the Toronto market gave ground this week. The standout exception was International Nick el which held above the 100 mark but papers, refining oils and even the coppers all gave ground. Steels were also under pressure, mirroring the decline in major steel stocks in the U.S. Reports of increasing inventories of cars in dealer's hands, now about 775,000 units, is cating a shadow over the prospects for continued high level steel production, Just how materially New York affects Toronto was told by the poor price action in the copper group despite a general back- ground of good news items. There is the threat of strikes interrupt- ing production at two Chilean mines that turned out better than 55,000 tons of copper last year. (The current lahor contract ex- pires April 30t*.,. The stortage of copper in Lon don has sent prices upwards there again to 34 cents. And, in response to this, the Canadian price of copper was advanced one half cent after the market closed Friday. The combination of poor genm- eral market action and lack of news from Ottawa on the long- awaited decisions on gas exports kept gas pipeline stocks under pressure and with decisions on gas export policy still some time away, traders showed little im- terest in this group. Mining stocks were virtually unchanged throughoiuit the week. Exploration activity is increasing in the north country and a num- ber of properties are reporting quite good results. But, until a real recovery movement gets under way in New York, traders will likely 'stay on the sidelines". Mutual: Funds Bid And Rsked Ask 7.75 7.80 9.42 All Cdn Com Fd + American Growth New 7.20 Cnd Investment Fd 8.58 Canafund 35.00 Corporate Inv 8.50 Group Accum 5.25 Invest Growth 5.75 Investors Mutual 10.50 Mutual Ace Fd 7.00 North American 8.20 Supervised Exe 1958 5.40 T.V. Elec Spl 2 for 1 7.25 United Accum Fd 14.00 Feed EEF Summation SATIRE -- READY-MADE SUITS Chairman of publicity Willard Dodd, convenor of dressings and | bandages committee, Mrs. Har-| Mrs, Edith Bedell, Mrs. Kay old Boyes. Iwere Two-thirds of the all-wool suits {made for men and youths in 1958 were ready-made, and one-third sure.