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WALL STREET Slowly By W. P. SNEED Research Director J. H. Crang Lid. i contrast to the rapid In trading of the previous|the rate of | took the Dow Jones in- Sesh that the (the major market trend. dustrial average to 659.6, past week has seen the New York market slowly: downwards under the 650 level. The Toronto market: which did not share in the advance, has fol- lowed New York downwards with selling pressure evident in the re. the fining oil, steel and paper groups. It was rather interesting to note ,|that the sharp advance in New hus-| york provided almiost a perfect textbook example of what is termed a * dary recovery in and Niagara F Gordon of C Helen re D Dye, Muriel (Mrs. Rich- ards, both of Toronto; Mr. cls wii rest at McEachnie Funeral Home, 28 Kingston Road West, Pickering, after 2 p.m. Sunday. Funeral service in the chapel on Tuesday, June 21 at 1.30 p.m. Interment Erskine Cemetery. MeGRATH -- In Oshawa Hospital on Friday, June 17, 1960, Mary O'Connor, wife of the late James mother 3 (Margaret) North Bay, Everard and Desmond, Oshawa, Michael of Sudbury and James of Marmora, in her 94th year Resting at Mcintosh - Anderson Funeral Home. Requiem mass in St. Gregory's Church on Monday, June 20. at 9 a.m. Service and interment Sacred Heart Cemetery at Marmora on Tues- day, June 21. WEBSTER -- In Oshawa Hospital om Friday, 'June 17, 1960, James Webster (42 William Street East), beloved hus. band of Annie johnston and loving father of Mrs, H. Lenrmn (Gladys) Lake; Mrs. (Elsie), Toronto; Reginald, Lloyd, Ray and John of Oshawa, in his 75th re The late Mr. Webster is resting at Mc- Intosh - Anderson Fumeral Home. Ser- vice in the Chapel on Monday, June 20, at 3 p.m. Interment Union Cemetery. WRIGHT -- At Fairview Lodge, Whit- by, Ontario, on Friday, June 17, 1960, Jennie Osterhout, beloved wife of" the late George D. Wright, and dear mother of Earl P. Wright of Hamilton and Mrs, Elmo Dunn (Marion) of Brooklin, in her 89th year. Resting at the Robin- son Funeral Chapel, Boal Service in the chapel on Sunday, e 19, at 1 o'clock. Interment tin Ceme- tery. OSHAWA MONUMENT COMPANY SPECIALIZING IN Monuments, Markers, Memorials, Comerstones, Statutory of all types. 1435 KING ST. E Ph. RA 8-3111 or RA 8-8876 a bear market". The \ndustrial average retraced almost exactly two-thirds of the decline that had carried the average from its Jan- Market Drift Down yaey Bish of @547 down tu $00. in Mash. The rails, however, failed to cross their March high of 146.58, thus failing to supply Dow confirmation theory ded to establish a change {i The very violence of the ad- vance, which was limited really to a very narrow group of stocks, showed that the buying was very speculative in character and had little thought for the general background news. f ar THE OSHAWA TIMES, Seturdey, June 18, 1960 17 Weekly Summary ¢ Of Stock Market Activity TORONTO WEEKLY STOCK QUOTES By The Canadian Press to 218 on Issuss un- by 476 the Toronto Stock Exchange this week. changed totalled 167. Volume for the week was 7,724,000, down from the previous week's 7,895,000. Total sales for the year to date are 214,405,539. (Quotations in cents unless marked $.) ¥ TKS OST ACTIVE TORONTO STOCKS By The Canadian Press HETHT = B88 This Week: 1960 High Low Close Change High Low INDUSTRIALS $12% 10% 12% +2% $5% 425 450 --45 $10 0% 9% -- % 21385 $32% 30% 31 --% 20234 $27% 25% 25% --1% OILS 15% 13 Stock Sales gzis Creativ Tel 86922 Brazil 38500 3 ass F Imp Of BA Of) gE 2 Seuoner 274700 D of The bright spots in the eco- nomic picture are centered around the persistence of con- sumer demand which has helped absorb the---inventories © being liquidated by any + industries which had overbuilt stocks in ex- pectation of the strong upsurge in The demand for consumer goods. Market By JOHN PICTON Canadian Press Staff Writer The Toronto stock market took yet another beating this week. In fact, it was its worst beat- ing for a couple of months as the market followed the example set by New York, with indus- trials off 9.25 at 941, golds off »|1.69 at 76.64, base metals off 2.41 at 154.24 and western oils off 3.09 at 83.01, their lowest since 1955. Among the ~ some bearing on trading during th: week: The slow-down in the steel industry, and an unfavor- able report from the Canadian Association of Purchasing agents. Combatting these was a private company's calculation on glividend payments. The association, on polling its| members, found that the same lac: of change in business con: ditions prevailed in May as did in March and April. DIVIDENDS UP by a member firm of the.Tor- that dividend payments by Ca- nadian companies for June at| IN MEMORIAM GERROW FUNERAL CHAPEL Kindness beyond price, yet within reach of all. RA 8-6226 390 KING STREET WEST LOCKE'S FLORIST Funeral arro nts ond floral requirements for all occasions OSHAWA SHOPPING CENTRE 24 HOUR PHONE SERVICE RA 8-6555 IN MEMORIAM GUDGEON ~ In loving memory of a dear husband and father, George Jack- son Gudgeon, who passed away June 18, 1948. We who loved you Autly miss you As it dawns another yea In our lonely hours of Siuking Thoughts of you ever he missed Xu re, Clara, 3 iri sons George and Grant. | JEPPESEN -- In loving memory of | Morris Jeppesen, whom God called home June 18, 1952. Safe in the arms of Jesus at last | Is one we loved so well; { The pain may dull as time goes past| memories will never fade. --Very sadly missed By Mom and Dad, brothers and sisters, both here and out west. MACK -- In loving memory of a dear father, Alfred W. E. Mack, who passed | away June 19, 1953, Gone father, gone to rest, | Away ym sorrow, care and pain, May you rest in peace, dear father, | Ann Until we meet again. --Lovingly remembered by son Fred,| Rosie, and family. | MACK -- In loving memory of a| dear father and grandfather, Alfred William Mack, who passed away June| 19, 1953. | His memory is as dear today As in the hour he passed away. --Lovingly remembered by daughter| ' Rose, son-in-law Bill and grandson Ke man. MeKINLEY -- In loving memory of my dear mother, Jenny McKinley, who Passed away June 19, 1959. There's a daughter who misses you and "Haas the time long I ink of you daily, but try to be brave and content. The tears I shed in silence, and I breathe a sigh of regret, For you were mine and I remember all the world forgets. «Lovingly remembered by daugier Bazel MeINDLESS -- In loving memory of our dear father, George Alvin Mclnd- less, who passed away June 18, 1955. Time changes and many Snings. But love and memory ev: ~--Always in our hearts, er and Maurice. since' you | ML n loving memory of dear husband, 18 doin Alvin (Mac) Shay missed ana lovingly remember loving son-in-law Lawrence. emory of my Waite, whe) WAITE dear dad, wt ty passed away June 1 Phomh WAITE -- In loving memory dear dad, Joseph. T. Waite, th Berd ed away June 19:21950: Loving and kind in all his Wa, Toright and just till the end of days, sincere and kind in heart and mind, What a oe memory he left behind. --Ever remembered by daughter Ester, son-in-law Roy and grandsons Don and Albert. WAITE -- In loving memory of our the The flowers we place upon your grave May wither and decay. But love for you who sieeps beneath Will never fade away Bad Beating issues that had| On the other hand, a report| panks up .23 at 55.33: onto Stock Exchange showed| a o, Poo dearly loved > hi be forgotten | by daughter Sarah, otis -in-law Perey, | grandchildren Larry and Janice, als Takes { more than $91,000,000 were 12 Ipc. cent higher than the 'same month last year. | Among steels, Atlas, Canada (Iron, Dominion Foundries, Mont- real Locomotive and Stelco all hit lows for the year on news that mills are working at 80 per cent of capacity. Among selective issues, Ford, Chrysler, Goodyear and Cana- dian Tire all sc good gains, and banks were on the active side. Papers and utilities suffered fractional losses, while Dominion Stores scored a high in a strong retail section as chain - store sales for April were reported to 17 per cent higher than a year ago. Mines were quiet .during the week although coppers showed a little strength. Golds were easier while western oils showed no signs of interest. Index changes at Montreal: utilities |unchanged at 140.6; industrials 5.0 at 280.6; combined down 3.3 at 233.9; papers down 18.9 at 432.9, and golds down .75 at 69.70. 'GM Made This Week TORONTO (CP) -- Canadian motor vehicle production this week is estimated at 10,244 ve- hicles compared with 9,810 the previous week, says the Cana- dian Automobile Chamber of Commerce. Production. consisted of 8,470 cars compared with 8,176 and 1,774 trucks compared with 1,634. Production to date this year is estimated at 238,542 vehicles -- Lovingly Rose, son-in-law, Harold oi grandchil: dren, WAITE -- In loving memory of .a dear husband and father, who. passed away June 19, 1953. Remembrance is a golden chain Death tries to break but all in vain, To have, to love and then to part, The greatest sorrow of one's heart. The years may wipe out many things But this they wipe out never, The memory of those happy days When we were all together. --Lovingly remembered by wife and son Bert. WAITE -- In loving memory of our dear dad, Joseph Thomas Waite, who passed away June 19, 1953. There is never a day that passes by But our thoughts reach out to you; Never a joy that comes our way, But we wish you could share it too. We miss your love, your cheery way, Please God just let him know, That we down here do not forget, | We love and miss him so. --Lovingly remembered by daughter Anne, son-in-law Nelson, granddaugh- rs, Gail, Judy and Cathy. WILSON -- In loving memory of a| dear husband and father, Grant Wilson, who passed away two years ago today, June 18, 1958. Loving and kind in all his ways, Upright and just to the end of his ay. Sos and kind in heart and mind, What a beautiful memory he left behind, --Sadly missed by wife Ethel, daugh. ter Beryl,. son-in-law Bob. WILSON -- In memory of my dear husband, Henry E. Wilson, who passed away June 19, 1959. Though his smile is gone forever, and his hand I cannot touch, Still I have so many memories of the husband I loved so much. Hig memory is my | (26,817); loss $148,380. th compared with 228,572 in the cor- responding period last year -- made up of 196,116 cars com- pared with 188,685 and 42,426 trucks compared with 39,887. Production of s by com- panies this and this year to date, with figures for the pre- vious week and corresponding period last year in brackets, was: Chrysler 1,341 (1,337), 29,404 ford 2,731 (2,451), 56,688 (57,278); general motors 4,238! (4,228) 107,179 (100,593); stude- baker - packard 160 (160), 2,845 (3,997). Truck production by companies was: Chrysler 141 (141), 3,510 (3,845); ford 542 (439), 10,701 (9,394); General Motors 853 (817), 22,035 (3,845); Interna- tional Harvester 238 (237), 6,180 (7,538). STOCK MARKET NET EARNINGS By THE CANADIAN PRESS Famous Players Canadian Cor- poration, 3 mos. ended March 31: 1960, $594,605, 33 cents a share; 1959, $619,650, 44 cents, Western Decalta Petroleum Ltd. 3 mos. ended March 31: 1960, net loss $113, 524; 1959, net which I'll never part, God has him in Eid keeping, I have him in my hea: ed by his wife Al WILSON -- In memory of a dear and father, Henry G. Wilson, who passed away June 19, 1950. Years of striving, little of play. | and giving the whole of the way, : A cherished smile, a heart of gold, The dearest dad the world could hold. --Sadly missed by daughter Edna and 'On Market Brisk Trade For Bonds Ally who passed away CARD OF THANKS by wife, Rene. SALMERS -- In loving a dear brother and uncle, Flight Ser- geant Eugene Salmers, killed i+ Eng- memory of Mr. Richard Tremble their many friends, relatives, for flow- ers, cards, etc, and many acts TREMBLE -- The family of the late wish to thank of kind- two weeks, this week in brisk trading. 25 cents and up 50 to 75 cents. The 3-per-cent By ™E CANADIAN PRESS The bond market, Le the trend set in the last continued upwards Short-term Canada were ahead long-term issues gE 3 120 75 60 47 100 &2 249060 123200 75900 5850 Ponder C Chieftn Provo sizes 8 8 +l ++++++ MEA 2 safes 2" sSEsSsan Latin Am 393335 Peerless 346020 t Wright Orchan Bouzan +6 +8 --r ~11 --3% Industrials A and B 8670 $41%° 40 0 --% 495 $23 0% 1% -- % 265 $10% 10% 10% -- % 415 $19% 19% 19% + % 25 215 215 --10 190 80 19% 101% 435 475 --- gg y5us; +1 hl+ Abitiby Abitim pr Acad Atl Acad-Atl A Alta Dist Alta Alta Al FF | E232. E55 + Alta Alta Alg Cen w Algoma Alumini Alum 2 pr Analog Ang Pulp p Anthes 1 A Anthes B pr 50 Argus 2912 Argus 2.40 pr 150 Argus 2.50pr 155 Ashdown B 200 Atlan Acc Atlas Steel Auto Elec Bank Mont 8682 Bank NS 3659 Bk NS rts 88551 Bath Pow A 85 Bath Pow B 39 121 9015 18623 1095 1900 Molson pr Mont Loco Moore Nat Drug 995 Nat Groc - pr mn Hos B N St Car 1078 320 125 2695 9907 80 420 Nat Trust Nor Phone Nor Pho w Office Spec 2785 Ont Loan 340 Oshawa A 975 Overld Page Hers Parker Pbina Pbifa pr Penmans pr En 331 6581 850 1565 $7% 6% $43 43 13 $105 105 Bell Phone Bowater pr Bow Mer p Bowater Bowater Braziy Br Tnk Hr Rank pr 750 i; = Pres Elect Pres 2 rts 2 QN Gs UN 425 $71 QN Gs wis 4761 345 Reichhold 520 Hg Reitman A 200 $14 Rob 2 pr 165 $16% 3551 - $5% Foe AV 5% 95 $74% 74% Bank 4822 $70% 68% % Brockville 27 Brown Bruck A Bruck B Build Prod Bullochs A Burlington Burns Russell StL Corp St Maurice Salda § Salda wis Selkirk A Shawin Shawin A Shawin A pr 295 $39% Silverwd A 908 $10% Simpsons 1495 $29% SKD Mig 3428 300 Slater 25 $26%% Southam 1475 $21% Spartan 3860 125 Spartan wis 3400 Stafford 270 420 St Pav 1483 $15% St Wire C Stedman 15% 13% 13% Cal Pow 18% ---1 1350 5s 00 280 T Texaco C 1161 $50% 'Thorncliffe 950 $7% Tor Dm Bk 3653 854% 125 $40 120 $14% Tor Iron. A 271 $14% Tor Star pr 75 $59 2051 $373 200 $36% 115 $36% 310 125 T Fin w 57 1070 400 Tr Can PL 10811 318% Trans Mt 79107 $0% Trans PPL 225 $13% Un Acc 2pr 438 $9 Un Gas 101290 $13% Un Gas pr 430 $524 U Corp B 8118 bg Suptest ord Switson 10% 12% 65% 10% 12% 400 20% 20% +1% 25 25 Cdn Oil 5 p C 53 55 +1% Cdn Salt Cdn Tire CWN Gas C Westng Chat-Gai Chrysler Cockshutt Col Cell Comb Ent Con Baks Vanadium Vie G Tr V Dare pr Wainwr Walk GW Wat Equip Webb Knp 400 300 Westeel 8 West C Brew 170 W Copper 520 265 W Plywd B 100 Weston A 1078 Weston B Wst 4%pr West 6pr West A wt 1 7682 $36% 100 450 Craig Bit Crain RL 1095 Creativ Tel 86922 2% ou 275 C Marconi C Paper D Glass D Glass pr D 0il Cith Dupont Hayes Int Pap Lob Inc MacLaren MO Paper Ogilvie + Ogilvie pr $90 $31%4 $43 $125% $49% Ya $11% 11% $35% 35% 35% Oils a Britalta Calalta GS Wares pr 45 Goodyear 80 Ad . ack A 275 Paper 1813 Power sudyuzlos gud J = giasguset. 8s FEE sux 8 sf = § =i § | p i f H 1) { | 5 sEsssassaiial JETT TT PR -BEsegoieydBe pal usuinsoge 58 283 sel.ozuBesdo ue: ~E3ss8.5.E000 252880 - Be Sapph debs Sarcee Sede Secur Free South U Spooner | Stanwell Submarine a ¥ < atsedusel.G Ess 080 - @ = Wesburne Wstates W Decalta W Naco Windfall Yan Can Curb Dalhousie 11525 13000 14870 8223 2505 1000 Ih 8091 52 1 CH 675 Abacus Acad, Uran Advocate Agnico Algom Am-Lard Amal Rare 12% 4000 14142 6900 3500 25575 5500 500 A Arcadia Atlan C C Atlas Yk Atlin-Ruf Aumacho Aumaque Aunor Bankeno Bankfield Barnat Bary Expl Base Metal 3000 1000 Belleterre Bethim Bevcon Bibis Bicroft Bidcop Black Bay Bordulac Bouzan Boymar Bralorne Broul Reef Brnswick Buffad Buff Ank Buff RL [O58 38 1*1 En Cable 6000 Cadamet 6125 Camp Chb 15620 640 Camp RL 225 C Tungsten 4550 7540 Ca Cayzor Cent Pat C Bellekeno 3500 C Beta G C Callinan 3500 C Discover 14585 C Fen Con Gillies 1500 CG. Arrow 5855 C Haliwell 109500 C Marben 77600 C€ Marcus mn Con 9280 C Mogul 6320 C Morrison 11700 C Mosher 5325 Con Negus 14799 Con Nichol 9000 C Northld 9744 Cc Pera 5366 Cons A 800 Cc Heacourt 10100 C Sanorm Con Sud Conwest Craigmt Crestaur Croinor Crowpat Cusco Daering D'Aragon De Cour 12000 Deer Horn 21600 D'Eldona 5033 Delnite 460 Denison 12754 Dome 1935 Donalda 7700 Duvan 4800 E Amphi 1000 Frob debs Gatiwin Geco Mine Genex Geo Scien Gnt Masct Giant YK Glacier Goldale GF Mng Goldray Grandroy 85 $89%4 2000 1335 2000 ALLL Lab gt Aull LLL A i+ £3 Molle Lb) 2W it § 3 § § » 0D Oh pe BD sssssisicaiatayanias su.geeddn ged.gssisai. %e $25 i i 4 3 gid | sxdge eEBuecuBusls 55s 338% Beil § FETT RC TI H BREE LL Ls 8 3858 gsiks $828 3822, £ HH dl FH fusilen. eg¥ipEanlindzan] 1-1 agzafiae 3 8 1 § webBSgsin. - rim Milliken Minda Min Corp 27 9057 2858 Bpfsf.z. 3 3 2850 $5 fet.n. E 8 8 Ne Norsp A wt I North Can Norvalie $°8; Obaska O'Brien - cS2a8882, = (= Sunburst Sylvanite Taurcanis 'Taurcan Teck-H Temag Territory Thom L Tiara Tombill Torbit U ining 5100 U Asbestos 9135 Un Keno 6550 Un Fort Upp Can Vandoo org gig. F ¥ x. £F 5oden obEystngaugo ily sEue¥slage . Lrellsslizdlis iol EF Za¥ereeniurify uy ety, iy! - = 55 «B38 a Benes ho? 3 Buda glalihlpisld Ll > ++ as gw Be clay gE.Enaliviusny Fe a ge a e838. br ® ES $ 2258uE efalincuBals 3 sEusangplesivn Bslionlas ugh. BaEdBubutey godly exunsvianiigpees = I ® 10% 10%. 10% ic, 5% 6 Th hats dar Se 2 +2 age + - glass 2 BaaougBBS2 glaSeve dgos..8 BEauBesl 4% Ay 8 282 uuRans ge Saaslonsguelusgraunsyssnsyy Se Isougu.egann Isusraasgok rut - £2. oEunsul. By gifes gE=Elusiudy. LLLLLLL pd rysu¥afuzany = ++ i+ Lass 5° ra seo. Ey we 2 « +e + ¥ + - e=Birnz. sagfacen Ese byuraulpags.sunsatulz ny asln, : sgesd sug=fseslanga shgung.e segesnslursasgyusc.e & " 5S £3 ¥ 5 ES Sade Ju Bhat aabonne sus uetBssnonnnasses ™ Ba aid 1 BY i sos¥ies ETI JORIS TL: TO £ 2 $ ~3nBEsegan 2.8:884g § 5 oy ~N engoRse duking Basle onoganeilzanian, Ess FT ¥ " w dxf FF £3 Een. 25885 05a FF 5 3 us BudBesss, fi a - 88.883 EJ $ SuaBigu.esBinerape. aulifng suusdustney ES Eun. 95 a HS Selous Eel : p.4 ME 0 A SLE F 4EgEE 88 Dec...1, 1961, issues were quoted at $98.85, while the 5%-per-cent April 1, 1965, sold at $103.40. The 3%-per-cent Sept. 1, 1965, sold at $95% and the 4%-per-cent Sept. 1983, were going at $91. ness shown him during his stay in Osh- awa General Hospital. Thanks to the nurses and staff on Floor 3C, and spe- cial nurses, also Dr. Sturgis and Dr. Rowsell. We also wish to express our sincere thanks to relatives, friends and neighbors for the kindness shown us in|l, the loss of a loving husband and father, x land on June 18, 1943. *Though your smile has gone forever, And your hand we cannot touch, 'We have so many memories Of a dear one we love so much. ~3Ever remembered by Walda, Bill and children. hr a Lil - ay > * |B € Husky wt 2 SALMERS -- In loving memory of Eugene Salmers, whe was killed in ac- tion June 3. od] Loving and in all his ways, and for the beautiful cards and letters of condolence sent. The 'weekly treasury bill ten- der showed an average yield of 2.71 per cent in the 91-day bills, an increase of .06 per cent. The floral tributes, ~Mrs. Richard Tremble and family. Womans "aaa Just to. the. ond' St his days, Wincere and kind in heart and mind, What a beautiful 'memory he left ~dovingly remembered by brother They and sister-in-law Mary and chil-| dren. SALMERS -- In loving memory of Fugit Sergnant Eugene Salmers, killed in _aetion June 18, 1943. His charming ways and d smiling face Ane a pleasure to recall He had a kindly word | for each And died beloved by all mother, father i 182-day bills averaged 2.92 per cent, an increase of .03 per cent, The day-to-day rate increased one-quarter of one per cent dur- ing the week and was offered at 2% per cent. The corporate market was ac- tive and all recent issues were, in good demand. The 6%-per- cent Bell Telephone, 1978, issues were selling at $104'%, while the 11980, 61%-per-cent Dominion Tar and Chemical issues were going Please Note Deadlines now in effect for this column: Births, Memoriams, Thanks = 9? AM SAME DAY DEATHS -- 11 AM. SAME DAY DIAL RA 3.3492 Cards of ~Ewer remembered by ind 'brother, Orest. at $102% 060 C High Cr ¢8750 C Superior ° 5425 Cent Del 7127 Charter Oil 1000 C Dragon 41700 C East Cr 1120 C Mic Mac 2950 C West Pete 33 Cree 58 wt 2790 Dev Pal Dome Pete Duvex Dynamic 71 Hard Carpet 1010 Hees 200 H Dauch Holt Ren Horne Pitéd Smith Hughes O pr 40 Imp Bank 1732 jmb Inv A 12875 249060 FF Fargo 300 Fr Pete pr 470 Gr Plains 13800 Home Oil A 1830 Home Oil B 3520 HB Oil G 10715 Jump Pnd 4500 6600 Jupiter pan 3253 & Ti+ g++ 28a = H of Lakes 16000 6000 6 Headway 2% xn Yukon Con -1 " - 98% guge.n 247 20 7 ® RCMP Still Probe Racket OTTAWA (CP) -- Justice Min- ister Fulton said Friday that RCMP officers are questioning|' Chinese - Canadians in an at tempt 'to expose those taking part in am illegal immigratior |Prince Rupert, B.C. racket. " But he denied in the Commons|racket in which 'a reported 11,- that those questioned are being required to fill out questionnaire |forms, and he said that no cen- sus is being taken of Canadians of Chinese Origin. He was replying to member's questions stemming from Van- 000 Chinese have etured Canada illegally in the last 10 years. Mr. Fulton said none of the Chinese - Canadians was obliged |to answer any questions, and the |RCMP investigation was being carried out a perl. and in ag: cordance with the law. couver reports of RCMP inves- tigations at Vancouver and The RCMP 8 javestigating a ENGLISB COIN : At an exchange rate of $2.80 to the pound sterling, be, an English equals 14 cents. 4