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The Oshawa Times, 12 Apr 1961, p. 24

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Fonerw io, Dew York, wp F7 , Ary 14 A fics batasrmant Bilin rw amelie y WE, Moers Wegey Ab Fisviam Fokus, Wkly, ers, o% Eaestoy, Aown Hf, 160i, Aen W Bh, heioven Beshend of Se [ee Anas Boynion, pha sews iver of Abie. Wo Bin THE year Resting W # hath of Mehierimii - Wanwiopies, Fir Perry, lor service om TReridsy #6 +9 om. interment Fink Ginye Cametary ETERNA, lromia Iemoriste pees sp y TE Wiad for Bring. Rend Beeses su Moopy GIRLY TOF (RE aiatn. I | a iss 'ay Mt Moet awn Ksmetery mics i Bids #4 BBR . Bariasiye FRpIRSRI SIRE J [A i" pages HE ORR FREE wi, dad Fake fiers lois AY 8B GERROW FUNERAL | CHAPEL Kindness beyond price yet within resch of ell RA B-6226 Bank Policies LOCKE'S FLORIST Furersl arrengsments 6nd florel requirements for a KLGHONS OSHAWA SHOPPING TORONTO (CP)~Maurice La- ing for the government in this montagne, economic adviser to debate" Asher! header Pearson Rind Mr, Lamontagne said thet in 44 uesday the economic policies his view "Mr CENTRE ; i. advocated hy the governor of ment of Canadian long # HORA wre SERVICE the Bank of Canada "would difficulties is wrong, and the df 56 lead our country 10 # A288 rection he would like the Cana WA ank Governor James Coyne! lead our country 10 # dead end,' SH A Bank G J v a uniry to & dead end MONUMENT COMPANY (has made a wrong assessment! It is wrong to explain our ties, Mr, Lamontagne seid In 8! high level of i t Monuments, Markers, 4 iy Eh ley ONE imports Memerials, Cornerstones, speech to the 1iheral Business: vine volume of our imports RR 4 K | He took issue with Mr.iout our history and Canadian Ph, RA B-3111 or RA B-BB76 (Coyne's arguments in favor of experience shows very clearly {capital heen & consequence of expan In the "great debate' over! sion, not a cause of stagnation," w In lovieg memory of # tural difficulties In Canada's shan A Jen, WR | coonomy, the government had MP. Iamoniagne rejected the yd Bp A Ry 8 argument In Mr, Coyne's last PREsed away. tior pL) fle wna HON tituted slander for levels of unemployment are a oy hiect anal "Mr consequence of "diversion of ONNORTE = In vias ropa VIEELVE, ANAL M y fog shapd, James ars / s consti: He production to foreign produc " Te ath sion fd, TONER WPOR (uted the basis of Finance Min on I bless the Yous I had with 1 anstve the tent to fod. diversion, Bince 1066, when the - hy im i . first signs of stagnation and PEN "WE CAN ASSUME y f in loving memory of . For Gas Termed Dead End ne Covyne's Ressess Program term! in the installation of naturel Bas! industria training three-pronged approach nyo: branch 5 LEE IY 3 TEN SEY FETE RR Fan SOY ® 3: X * \SS 3 re Fehrdeel a ¥ ¥ eX Tented Rea® § svete TE ok AH a 5 leit BUSINESS SPOTLIGHT | New Industrial Booster Plan SHAWINIGAN, Que. (CR)=A come taxes pre hoth unconscion national policy for speeding wp ably high Only the Upited AdAevelop ment was Blates, with is incomparable , 4 wried Tuesday night by T. BR. advaniages, comes nesr 9 nawnced Tuesday by Energy Be sof aean president of the Ca- matching the rates paid hy eor sources Minister Macaulay nadien Manufacturers' Associa: porations in Quebee and On He said in a statement the tion, in an address to the gsso- tario program will he ® ciation's Bt. Maurice Valley. "What's more, EOVEFRMEn| cowld and should broaden and improve Lax incentives, such as depreciation allowances, and further Act, whieh, as constituted In 2 +E TORONTO (CR)=~A (raining for persons engaged appliances in Ontario was an ng the departments of educs:| Ag . tion and energy and the major Me AEAD 30 Mich 8, pol gas utilities tion hy government, manage The training program williment, labor and the general cover all sections of the prov: public snd "would recognize the CETIain sections, acls as @ dam ince. A major item of the pro- paramount role manufacturing PEF on certain industries; for gram will he a mobile (raining plays ss employer of labor, pro- example, the automobile, radio unit--operated by the depart: ducer of wealth and provider of and (elevision producers uf ment=--which Is slated to cover! taxes,' Mr Melagan's Somments all dutiying centres in an initial! « , : were contained in a text made three-month tour aye are ot & boi Where a available to the press in ad Working in close coraperation hecause if we leave Canada on! Y*NCE of delivery with the department of energy, its present course our people WHO GETS PROFITS? the major gas utilities have will he faced with more unem: Mr, McLagan said that "de agreed to conduct lectures foriployment. and secondary indus: spite propaganda, profits don't heating contractors in townsiiries will he faced with more\ go to a handful of misty and and cities served hy their com: cuthacks and less production" faceless rich panies, Mr, Macaulay said Mr, McLagan, chairman ofl "They do go, the greater part Included in the scheme are/Davie Shiphuilding 14d, Mont iof them, ta all three levels of the Consumers' Gas Company, real, sald the program he pro-government, which spend them Toronto; the Union Gas Com-|\poses "should embrace a tariff on roads, schools, social ser any of Canada Limited, Cha policy which provides the most|vices and what have you Foler to BH pm; HHH review the Excise Tax! Clas 19 the herd facts of We The Humter Salaty Charman of the Owtane Federation of An gers pnd Huwiers presented the (Honing report wh & recep ere: tive meting wn Toros "OA 15% pwn Residents 96 were (otal. Two shosters were tne: "Er7ICe HO FKEFs wd | brisied. tue victims were wiao WOTRETs sid Tuesdny (drm, 79 owt oF 19% Inbved bn WIVES of laborers fired from laecidents were fw witht ; | permits or Heaney, g Yetims ke Dress o moves nia fi We [vietime were wounded by bunt. Wonds for neglect ers SwinEngE ome # target. 18. Join Silvester, wellare com were mistaken for game, # of for subwrian York whom died, | shot meek club Township, said Monday the! Wing a rabbit with Ws vy #lwives of men lid off winter were wowndel and 1 killed re- works projects because of lari moving lorded guns from vehi- ness showld prosecute thelr hus cles, | wounded and | killed bands wnder the Crimingl Code NET EARNINGS When loaded, whattended i pone in order to qualify for relief, Ei from Insecure locations. 14| Gwen Oliver, director of fhe | By THE CANADIAN PRESS | Vow Lis } Jiled mauling orth } York and Weston Family Canada Foundries and Forg wounded § killed EFOSSINE Li hens tn Ai the lings 144, year ended Dee, Wi ionoes imoronerly with 1660, net lows $IA4106; JO, PEt guns, Among hunters shot 2] "atte of fhe nan losing bia " {lass W406 wore hight clothing, #4 did not.' | Schlesi Tert Consolidated Textile Mills 144.) the 11 wig. 1 id year ended Dec, Bi; 1660, $21, GET BLACK EYE righ 1A of Yorani Shon ion was B01; 19%, $19,128 This 16 probably less than one of Soclsl hunters who conduct themaetves family Horuption, Wives Shouldn't Charge Hubbies TORONTO (CF) ~ Famiby TH ow a Hiram Walker - Gooderham (enth of one per cent of licensed ter's and Worts 144., 6 mos, ended Feb, 26: 1061, $15,702.660, $1.59 a share; 1000, $12.876.5768, $1.49. Westhurne Oil Co, 144, year ended Dee, Bi: 1960, $90480 1958, $134,724 SATURDAY EXCURSIONS TORONTO Good going and returning same Saturday enly, EACURSION FARE FROM Belleville : $4.80 Bowmanville + $190 Cobourg: + 8500 Oshaws + + + 148 PortHope + 275 Whithy + + + + 1.80 Corresponding fares from Intermediate points FULL INFORMATION FROM AGENTS A CUBAN BASE The 1.8. naval hase on Gun: tanamo Bay in Cubs, leased for # litle more than 83.080 8 year, covers 45 square miles of land and walter ERE | thousands of shareholders, thrifty people, widows, pension:| |ers, all or any of whom might! easily decide that, in face of falling profits, the mattress might he the hest place to stash away their savings, | "And fall Is what profits have| heen doing in recent years , , | nearly to half of what they| {were In 1050, | "Keep these things in mind CANARIA AULA next time you hear ill-informed| ANAUIAN NATIONK CANAUIAN PAETTFIL tend" dian economy to take would SPECIALIZING IN of Canada's long-term Ailfiewl- recent stagnation hy the current Statutory of oll i] men's Club of Toronto (has always been high through ING ST, E reduced imports of goods and! that ineressed exports have eth of soly the strue : : A. {methods of solving th h REJECTS ARGUMENT AWRY Appl 12, 1847 ot yel elear stale § Posi ie not yet clearly stated its post: Cori) report that recent high lay gly remembered hy Ww 1 has subs 0 purchasing power from domes bor y Passe f Adi April 18, 1080. | But Mr. Coyne's view ¥ vou, and | ister Pleming's budget last Dee,| There had not heen any such leave the rest to God on high structural unemploymen my dear wshand, Joseph Spencer, whe [fase AWAY April 13, 188% OthIBE £8 ever Lake Bway The love a heart holds dear, Fond memories lnger every day Bemembrance keeps him near Badly missed by wile Carrie BFENCER In loving memery of our dear father and grandiather, Jo Ha dd who passed away April Looking hack with memories Upon the path he trod, ® hiss the years we had with him And leave the rest ta God =8adly missed by daughter Marjoris, won-indaw Skip and family NONW. == 1p loving memary of "iA probly pit and James } winon, barn April 10, 1686 6 buds the Gardener gave us, wo pure and lovely children, He gave Wem to our keeping a cherish undefiled, Ad Just as they were opening a the glory of the day, Dawn came the heavenly Father And took our buds away ~BVer remembered by mother father Stock Market Breaks Record TORONTO (CP)=The stock market had a record-breaking with industrials reaching their highest point in history on the exchange index On index, Industrials jumped 4.07 to 667 B68, and golds fell 44 at 83.234. Base melals reached thelr highest paint since March B80, hy rising 2.82 at 185.0% Western oils slipped 81 to 108.13 and The final volume was 8,750,000 shares compared with 8 924,000 traded Monday Abitibi was up 1% to 891 Consolidated up 5% at 4 Giveat Lakes gained 14 fo 4794. Steel Company advanced 14 tn 7814 and Algoma rose % to 3034 Utilities gained steadily, CPR ained 3% to MY, Foods also id well with Oshawa Whalesale A up 14 al 17% Hudson Bay Mining amd Smelling rose 134 to 5014. Inter national Nickel was up a point ta 88, Labrador and Consoli and ated Mining and Smelling rose to Mis and 34%, while Nor anda was up a point at dil Ventures was off 4 tn 30 Denison slipped 34 at 10 and Falconbridge rose 15 at 4% Gunnar fell 10 cents to $7.80 In geady gold trading, Cem tral eupine rose a paint to 18, while "We can salely assume there fore that the governor Is speak More Suits In Anti-Trust Scandals WASHINGTON (AP) = The {UB Justice department Tues {day filed six additional mult million dollar damage actions against eleetrical equipment manufacturers convicted of anti trust law violations The actions were hrought at Philadelphia where the compa nies named pleaded guilty ar no contest last December to charges that they had rigged bids on public and private sup ply contracts aver a nine-year period, Eleven eoppov ations were! named as defendants in one or (mare of the six suits, filed on {hehalf of the Tennessee Valley authority, and a dozen federal executives and defence agen: cles, TTC Announces Fare Increases TORONTO (OP)=The Tarantn Transit Commission announced Tuesday its oash fares will he increased five cents to 20 cents [May 1, but hulk-huying of tick els will he cheaper than .the {present rate Tickets or tokens will sell for seven for 81, a reduction of five per cent. Twa tickets will east 40 cents Commissioner Gordon Secard (sald TTC business for the last {three months has dropped eight {per pent fram the same period {last year "We're trying to fght five {With fire by granting a de erease now ta huild traffic and head off an increase next year," he explained The changes are alsa aimed [81 unsnarling diffioultios result ng from a sharp rise In the [amount of egsh being placed in fare hoxes K! much as three {began to appear, the volume o exports had risen nine per cen and the volume of imports had (declined four per cent He added that It is difficult to accept Mr, Coyne's statement that high unemployment has not arisen from a deficiency in cap Ital investment spending Total eapital Investment in volume terms had declined 13% per cent since 1087 and business nvestment had declined 26 per cent | Mr. Coyne's proposal for re:| duced imports and greater self sufficiency was an "invitation to # Narrow economic national: ism." This program 'would only make our situation worse," | MARKET PRICES | TORONTO (CP) = Wholesale fruit and vegetable prices at 0180 am, today: Apples, Me Intosh 84,604.95 a bushel, Deli cious 8.00:5, B.C, Delicious 6.75 (7, B.C. Winesap 0.60:5.75, Spies {4.060-4.75, Russet 4.80; heans green 6.25-0.60 a hamper; new heets 8 per B0-pound bag: hroe call 8.650 a case; cabbage, old 2.61:1, new 2.808, new red 8.05 4.80; carrots, unwashed 160 a bushel, washed 1.60-2; eaull- flawe, 185 8.06-8.95; eelery, Cali fornia 44.25 a ease; Flopida 4.304; cranberries 4 a carton queen sige cucumbers 9.85-8.50 per Ms, king size 2.76.8; leeks 2.95 per 11-quart basket; lettuce A05 9.05-0.60, 24s 8.66-2.75; mush rooms 2.86-8.88 per S:pound hag Chile Spanish onions 3.004, Ca nadian 216-895 per B0-pound hag: pears, American 5.60.6 50 parsnips, unwashed 11.95 a hy shel, washed 160-175; spinach ella 10s 1.85-1.60; vhubarh Nao 1.60:2, No, 2 00:1; tomatoes, celle 1.82:2) turnips, unwaxed | 00-1, waxed 135-185 pineap es Cuban 125 2.85.8; canta oupe §.50:10 | TORONTO (CP) Patata {prices quoted today: PEL ¥8 | pound bags, off truck 1.90, to the {which could offset the down: | ward trend ham; United Gas Limited, Ha: profitable employment for the lon; Northern Ontario Na- largest number of citizens," ural Gas Company Limited,) "Corporation and personal in. Toronto; and Lakeland Natural " m gas Limited, Kingston "They do go, the lesser por-ipersons talk glibly of 'soaring tion of them, to building the profits' supposedly made at the business and to thousands upon consumer's expense," | Lectures will he hased on ex | isting natural gas installation eodes and 8 new gas appliance installation manual which the department will make available | to the trade in April, | In addition to the lectures, the | department of education has agreed to sponsor a 10: to 14 week evening course for gas fit: ters in the fall, Mr. Macaulay said, The course will he held at the Pravineial Institute of Trades Bchool in Toronto, Real Estate Decline $15,000,000 #T. EATON ACCEPTANCE (Incarparated under the laws of Canada) 5%% Sinking Fund Debentures 0, LIMITED Predicted LONDON, Ont, (CF) = A de: GUARANTEED UNCONDITIONALLY BY THE T, EATON CO, LIMITED cline In the next few years in real estate in Canada was pre: dicted Tuesday by Dr, J, J Madden, assistant professor of economies at the University of Western Ontario Dr, Madden forecast a de: erease in the demand for new housing, for real estate gener: ally and for staff in the real es tate field Hut within five years, he said, there should he a substantial] rise in Canadian exports, which would generate higher income, | groater investment and an wp: | swing in the demand for hou Ing | Dr, Madden, in an address to the annual western Ontaria sales. conference of real estate hoards, 1isted three factors LA demand for replacement | houses; 2, Government action | ta either lower mortgage inter | [trade 895-260; NB, 1.95 to the trade 3-2.25 PRL 80pound bags 1.83, to [the trade 166] NB, 115 ta the trade 1.251.858 | | PEL 10:pound bags {the trade 165; NR 1.15 trade 125-193 PEL 10 pound bags ithe trade AT. 44; N.B iM, te ta the Al, ta Ate fant Yellowknife fell [tons of cash per day is taken in, 'the trade 30-33, est ar eliminate the dawn pay: | ment; § Technological changes | that could reduce the cost of homes hy one-third, FAST WORKERS PLYMOUTH, England (OP) Ten New Zealand naval seamen | April 1961 To he dated April 17, 1961 A prospectus, a copy of which has been filed under the provisions of the Companies Act, will be promptly furnished on request in me apiion of aur Connsel, the Nehentures will he investments in which the fanadion snd British Insurance mpanies Act, Part 111, states that a eompany registered wader it may invest its Price; 98,50 and acerned interest We, as principals, offer these Debentures subject to prior sale and ehange in price if, as and when issued by The T, Ea Acetprance Ca Limited and accepted by us, and subject ta the approval of all legal matters on our behalf by Messrs Lash, Lash & Pringle, Torente. All legal matters an behalf of the Company are subject ta the approval of Messrs. Masan, Foulds, Arnup, Subscriptions will be received subject to rejection ar allotment in whale or in part and the right is reserved ta close the Aubaceiption hooks withaut netics. It is expected that Definitive Debentures (in autherized denominations in eoupen or fully registered form) will for delivery in Taranta, Montreal and Winnipeg on or about April 17, 1961, Dommuon SECURITIES GRPORATION Limrrep Established 1901 OTTAWA QUEREC HAMILTON VANCOUVER WINNIPEG BRANTFORD TORONTO HALIFAX LONDON MONTREAL SAINT JOHN KITCHENER o NEW YORK CALGARY _ BT, CATHARINES FORT WILLIAM To mature April 15, 1981 nds or any portion thereaf, alter, Weir & Boeckh, Tarante, available LONDON, ENGLAND EDMONTON VICTORIA BOSTON fram the frigate Taranaki are to marry English girls, They have been here only two months,

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