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24 THE OSHAWA TIMES, Thursdoy, May 12, 1960 Ln Today's TORONTO 11 AM. STOCKS By The BC Forest BC Pow Burns Cap Cem Can Malt m C Collieries 270 C Fairbks A 2100 Chrysler Co! Cell z10 Dist Seag D Bridge D Fndry Dom Tar Fndtn Fraser Gatireau Stock Market Listings on Toronto Exchange Net Sales High Low 11 a.m, CW 300 255 #: 5 250 $24 Bailey 8 A Britalta C8 Pete C Chieftn Cdn Dev C Husky C Husky wis Moo: Cert Del Nat "Drug »r Charter Oil Nat Trust Nor Star A N Star 57 wt Ocean Cem §eumany Home Oil B HB Oil G Micdeon Mill City Northeal Okalta Pac Pete Pac Pete w moll StL Cp A pr zl0 Salada-8 335 Shawin Simpsons Boutham St Pav Steel Can Texaco Can Submarine Tor Dom Bk Tidal T Fin A 200 a 750 IU Canso vt 200 Un Oils 3200 W Cdn OG Wsburne W Decalta 800 2200 2400 MINES Abacus Adyocate Am-Larder A Arcadia B-Dug 500 500 3: 369 6100 5000 + % Sales High Low 11 a.m, Ch'ge $6% 6% 6% 14% 144 14% 340% 0% Stock Sales High Low 11 a.m, Ch'ge Belcher 70 54 B54 BM 43 12 +% + W -» u +1 bh . s8ungn Ea a Sa Stock Sales Migh Low 11 a.m, Oh'ge SU% 11 11% + % 20 199 210 +25 +5 A <1 wo = = » = 38.883: 8 & Coniairum C Callinan ~s¥szuggees f.clzzuzgeeeniele $=¥28038 S88 358s Ens i a ai S35 Coulee Craigmt DD' Aragon Denison East Sull Elder Eureka Falcon Geco Mines Giant YK Grandroy Grandue Gunnar Gunnar wis Hud Bay Int Moly Int Nickel n 31 31 3 -3 rish Cop 25 325 328 +5 Iron Bay 30 20% 30 +% Iso 0 Ww 7 ~2 13% 13% 13% +3% owan = SERENE IB 22uB88x ues selEEaTo dus aula ges d8iaat Waite Zenma Curb Buiolo 19000 Yukon 13700 2000 Jacobus Jonsmith This is the downtown store, 84 Simcoe St. 8., of Oshawa Wood Products, who are open- ing a new idea in showrooms at Courtice, tonight. Many prizes will be given away at the opening cer i Th BUSINESS SPOTLIGHT Oil, Gas Drillers Arctic Pioneers CALGARY (CP) ~ Oil and gas 4 |drilling ploneers with more than a few coppers in their jeans and a lack of respect for frosty tem- peratures are slowly breaking trail to above-the-Arctic sources. First pioneer to report on just what sort of travelling lies ahead is Western Minerals Ltd., owner of a $2,000,000 venture in the Yu- posed by the removal of peat moss, for if the ground is exposed to higher temperatures by res moval of the moss, it quickly turns into an almost fluid state and will erode for several feet around it. For this reason, piles were driven into ground where heavy equipment was to be replaced, north, but a great deal more work, effort and investment are yet required." Main difficulties seem to be transportation and weather, Mr. Campbell figures with proper equipment and planning it would be feasible to operate over most of the Arctic area for 10 months of the year, December erritt Ventures Yple Lead Sales to 11 a.m.: 380,00, - H $85 steinuiiialatistatonalual = Sos. une En.rEadnn = BEFEEET WES > ¥ sooBsedr su gnsl : F = Sw 700 Cons 1000 ™ 20 2 20 + 823% 23% 23% 635 635 635 101 100 100 2 20 22 Am Ie 700 3000 500 490 60 60 500 Con 60 Sl 2 RE BE AE New Deal For | Borrowers in the Conservative - domin OTTAWA (CP) -- A new desl for the small borrower is the objective of a bill introduced in|Col the Senate Wednesday by Senator David Croll (L--Ontario). The bill would help protect bor- rowers against exorbitant inter. est rates by requiring that all|said charges be stated in terms of annual rates, At present, Senator Croll said, |Gener: very high interest is charged |eamouflaged under a system of monthly rates, The annual rate ondary industry in sometimes goes to 40 per cent, he declared, So "Throughout our country 'glib " salesmen are pitted in unfair con.| Senator Thomas Crerar tests agalust people of I 4 y means, e or no sophistication STOCK ] NET EARNINGS in contract matters and, in fact, By THE CANADIAN PRESS no real defence against unserupu- lous dealers," the senator said, Even mathematicians found it difficult to understand the com- bination of charges used by many lenders, and the normal borrower was left at sea. WON'T PASS IN HOUSE The Croll measure has a fair chance of passing the Senate, with its top-heavy Liberal major- ity, but is not likely to get far Light Trade On Market Wednesday trading was at 155.22, |western oils lost .51 at 86.28, with 1,640,000 Tuesday. TORONTO (CP)--Stock market light Wednesday with industrials up .19 on index at 488.94 and base metals up ,80 Golds dropped .49 at 79.36 and Volume was 1,666,000 compared Papers, banks and steels all SPECIAL VALUE! BOYS' COTTON' SLEEVELESS SPORT SHIRT BEST BUY for HOUSE HEATING NOTHING DOWN | No Payment Until September! ! Easy payments over 5 vears on monthly gas bills $14.90 pt $B.00 THIER | ! [first joint technical § [of Mining and kon Territories--first well ever to be drilled north of the Arctic eir- cle. W. G. Campbell, project man- {ager for Western Minerals, de- scribed the operation and its ex- penses when he addressed the meeting of the petroleum and natural gas division of the Canadian Institute Metallurgy and the Rocky Mountain petroleum ¢ |gection of the Society of Petrol The new showplace not only demonstrates products available for the home builder and decorator; but it demon- strates many imaginative ideas to make use of these products. Opening cer jes start at 8 grand prize will be drawn Sat- urday at 4 p.m,, and is a week- end in New York, for two p.m. Brenton Rickard, Reeve of Darlington Township, will cut the ribbon, eum Engineers (American Insti. tute of Mining Engineers). He felt there is little to indi- cate that wells cannot be drilled successfully anywhere in the north, "providing good planning and good judgment are prac- tised." Other companies are showing active interest, says H, H. Somer- ville, deputy minister of mines and minerals for Alberta, but they will have to put up some- thing more than the normal in cash. One source offers the sug- gestion that it will cost more to get the drilling rig up there than the entire drilling operation any- where in central Alberta. However, Mr, Campbell said in Calgary the actual drilling up north "may well be the simple part of a wildcat undertaking once equipment and supplies are Side Of Railways! to others who are active in the To Be Presented on location." He said the show of oil and gas in Western Minerals' second well is very encouraging to us and and January are usually too cold and too short in daylight hours, He said the spudding of Eagle Plains No. 1, Western Minerals' first well in the .Yukon April 14, {1957 climaxed more than four |years of exploration, More than 2,600 tons of equip- ment and supplies were freighted in, The year 1957 was the first in which freighting by tractor train of a large drilling rig and its supplies had been attempted in the Yukon. Frost at the site of the well was actually an asset, Mr. Camp- bell reported, The problem arose when the frozen ground was ex- The moss removed was then piled had an active day. Minnesota {back over the frozen earthland Ontario Paper improved % (perma frost), estimated several and St, Lawrence gained %, hundred feet in depth. while Great Lakes was off %, Mr. Campbell said a great deal {Crown Zellerbach lost % and Abi- of money must yet be spent be-|tivi and Consolidated Paper both |fore large oil and gas reservoirs/went down %, can be developed, that above-| Bank of Commerce, Toronto- Arctic drilling is 'no doubt a pominion and Bank of Montreal long-term investment requiringleach gained %, while Bank of special consideration throughout, Nova Scotia was off % and Royal especially by regulatory bodies. |pank slipped %. "With more activity In the| Atlas and Westeel both were north, more experience and off %, National Steel Car was of! knowledge Is being gathered. Aly, and Steel Co. of Canada off| free exchange of ideas between yy f operating companies is therefore Crush International was up % OTTAWA (CP)--The National Parole Board, after its first year of trying to reform prisoners by parole, says more and better su. pervision of released prisoners is needed to make its work effec- tive. That need was stressed in the board's first annual report, made public Wednesday, showing 2,038 paroles were granted last year-- more than double the 1958 total of 994. Private after - care agencies, handling more than half of the supervision load, were unable to | Freed Prisoners Need Supervision Assorted patterns. REG. 1.79 SALE " desirable, at 8%, Moore, up % at 41, and CHANGE-OVER CAN BE DONE IN A FEW HOURS Units for all types of home heating FREE BURNER SERVICE C | | to cs comm on st emir rr Sizes 8 to 12 years. 2 STORES TO SERVE YOU BETTER DOWNTOWN OSHAWA RA 3-3468 SUPPORT THE OSHAWA SHOPPING CENTRE Alberta Gas, up % at 20%. | HOSPITAL DRIVE! to more emphasis on camp-type open institutions where prisoners weren't locked behind bars, Mr. Street said the sharp in- |erease in the number of prisoners |paroled to serve out the balance of their terms in society resulted | from 'a little more generous policy" than was followed by the| |old ticket-of-leave system. PROTECTION A MUST But he emphasized that the| {board is equally concerned with {the protection of the public. The | parole system met this need by 'DONT MISS The OPEN HOUS cope with the amount of work, encouraging prisoners to reform "It is not desirable that good While in prison and by giving parole risks should be kept in|them supervision when they prison merely because proper su-|leave. pervision is not available," the| He noted that about 40 per [report said. cent of persons paroled in the | 1950-54 period returned to prison NEED SEGREGATION in the five years after release. Auto Inquiry increase would cost $65,000,000 DP annually. The unions are also! 1 S d asking longer paid vacations. |* an CIa e | In 1956 and 1958 the railways! CHICAGO (CP) -- A proposal itke aitwaye. and. their 1ob,000| Sempted without success to sub-|that the federal government be Voce. {stitute other standards for dur-|asked to set up a royal commis- | able-goods--which they supported sion to inquire into Canada's au- i Board Chairman George Street Ti m 1 with th The railway arguments--jointly lat one time--and also failed to|tomobile industry divided the Ca- 3 Taal compared with the yuore prepared by the CNR and CPR ¥ indicated at a press conference than 80 per cent of prisoners now --were to follow more than three | convince conciliation boards that nadian Federation of Mayors|that this is a major need, in federal penitentiaries who are oi Aodh 3 A 3 ' ) ore Bi 2 low revenues should mean no in-|and Municipalities Wednesday be-|together with the segregation repeat offenders, ba ; Pp 3 days kB Bp ln LB in pay. |fore it was scrapped. within prisons of youthful offend-| Mr, Street said the board Ad, ee ThE SONS oF TeOVINE that | mong charts and graphs sub-| The proposal came from Ham-|ers and hardened criminals. {granted parole only when it [", : : on vim molly al 8 nel. | mitted by union spokesmen Wed-|ilton and pointed out that *"im-| 'We think segregation is es-|thought there was a reasonable ! rr a the | nesday were several designed to|ports of finished cars into Can-|sential," he sald, and he added| COURTICE. ONTARIO MONTREAL (CP) -- Canada's railways today were to begin submitting their briefs to a three- man conciliation board inquiring Celebration at A « {chance of reform, and the pris. hi show that non-ops' "real earn-|ada has reached over 20 per cent|that the government is working|oner had to show he deserved to di |ings," that is their take-home of this country's domestic produc-|toward that goal. The trend was'be let out. To do this they must show the pay and its value in terms of (5c (jon and is increasing," placing me ------------ durable-goods standard of setting| cost-of-living, had not risen as/Canada's future as an automobile non-ops wages--in use by concil- fast as the real earnings in man-| make "in jeopardy." ation boards since 1950--is not alufacturing. Mayor Michael Patrick of Wind fair one and that they can af-| The statistics showed the real|. \ wiry. . ford no wage increase of any wages of employees in manufact-| "lpn: LANDER-STARK OIL LIMITED size. {uring rose by 44 per cent during ASK 25 CENTS |the postwar period while those of Using the durable-goods stan-|the non-ops climbed only 15.5 per dard the unions have asked for cent, a 25 - cent hourly increase for| Others aimed at showing the their members--all those railway railways always exaggerated the employees not engaged in actu-/total cos' of a wage-increase and ally operating trains--during a did not take into account the in two-year contract. creased productivity of each em Present average hourly wage ployee with increasing automa- 'Forty per cent of the new cars sold in Canada this year will be imported. It is a shocking situa- tion." His was about the only support. Mayor Wilfrid Bald of St. Cath- arines said it was useless to ask for royal commissions, which 1ave a history of "accomplishing nothing except to spend a lot of is $1.77 and the railways say the!tion. money." * now. Beautify your home the modern, func- tional way; clean, durable ASPHALT DRIVEWAYS last a housetime. Inquire NO MUSS...NO FUSS NO INCONVENIENCE «ood 5 yoars to pay! « small dows payment doses \ 10.00 por month will instoll @ brand new fully guaranteed ON Pornoce in your home, Why not let os give you an estimate. 43 KING ST. WEST | makes it easy for you to have a LANDER-STARK OIL LIMITED OSHAWA Whatever your reason for wanting @ brond new oll fumace, Ws @ step towards improving the valve of you home. winner of a VACATION You may be the Tonight - Friday - Saturday Let us do the job for YOU « «+ Smoothly, efficiently, economically . , , and with the least upset to your dally routine, So, If you're thinking . , , deside now ond let It "pay for itself" in sc WEEKEND end safer heating in low monthly poye ments over the next § yeorn. There's no need fo wait--only o small down payment is required ond your IN NEW YORK CITY now fumace will be guaranteed for a Toll year, with oll service calls and any parts and adjustments completely free, PH. RA 5-3589, or one of the other grand prizes to be given away. FREE COKES FREE ROSES