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24 ™s OSHAWA TIMES, Wednesday, July 12, 1961 BIRTHS CHIDLEY -- Wayne and Pat (nee to announce the Floreen on Oshawa General Peter. METROPOLYT -- John and Sally are MT I 3 e, J a on Thursday, July 6, 1961 at the Osh- awa General Hospital, VASVIK -- Sigi and Irma are happy to announce the birth of a Susan at Oshawa General Hospital on Sunday, July 9, 1961. INTERESTING FAMILY ga be written with HISTORIES from Events . . . MENTS and WEDDINGS. for these events are only $1.50. Bring them to the Classified Counter or tele phone The Oshawa Times RA 3-3492. DEATHS STINER, Margaret Elisabeth Peacefully at her residence, 217 Brock Street North, Whitby, aret Eliza- beth Booth, beloved wife of the late John H. Stiner, dear mother of Mrs. R. Vernon (Matilda), Mrs. W. H, Ken. nedy (Ann) and Corbett H., all of Whit- by, and the late Mrs. E. A. (Trix), in her 96th year. at the W. C. Town Funeral Chapel, Whit- by, for service in the chapel on Thurs. day, July 13, at 2 p.m. Interment Ux- bridge Cemetery, Minister Rev. G. Mec- Leod. Viewing commencing 2 p.m. Wed. nesday. GERRCW FUNERAL CHAPEL Kindness beyond price yet within reach of all 728-6226 390 KING STREET WEST LOCKE'S FLORIST Funeral arrangements floral requirements for occasions. OSHAWA SHOPPING CENTRE 24 HOUR PHONE SERVICE 7 55 and all OSHAWA MONUMENT COMPANY SPECIALIZING IN Monuments, Markers, Memorials, Cornerstones, Statuary of all types. R.R. 4, KING ST. E. Ph. 728-3111 or 728-8876 GIDEON Bibles are a continuing me- morial. placement contact funeral director or phone RA 5-2327. IN MEMORIAM MORDEN ~ In a dear mother and grandmother, Mil- dred Grace Morden, who passed away The loss of one we loved so well. ~Sadly missed by Barrie, Joyce and grandchildren, Debbie, Brenda, Bar. bara and Kenny. MORDEN -- In loving memory of a dear le and mother, Morden, who passed away July 12, 1959, God saw you getting weary, So He did what He thought best. beside you --Sadly missed. by and and children, Alan, Donna, Cheryl, Pamela and Judith. STRATHDEE -- In loving memory of a dear wife, Norma Florence Strathdee, who passed away July 12, 1960. My heart still aches with sadness, And secret tears still flow, What it meant to lose you No one will ever know. When the days are sad and lonely, goes wrong, "Don't ery, I'm only sleeping, We'll meet again some day." --Lovingly remembered by her husband Harold. WASYLYK --In loving memory of a dear mother, Nellie Wasylyk. who You're away July 12, 1953. You're not forgotten, mother dear, Nor ever shall you be, As long as life and memory last We shall remember thee. --Ever remembered by daughter Anne, son-in-law Daniel and grand - daughter Elsie. CARD OF THANKS BOURNE -- 1 would like to thank Rev. Cross, Mrs, Brown, Dr. Kimmerly, nurses, staff of Oshawa General Hospi- tal, officers and members of Daughters of England Lodge, Home Dairy, Bailey Foods, all relations, friends and neigh- bors for thelr 7. flo ,. Su cards, sent to me during my stay in hospital, in my recent illness. Manv many thanks. --Mrs. Florence D. Bourne. | CROSSMAN -- We wish to extend our sincere thanks and appreciation to our many friends, neighbors and relatives, for the many acts of kindness, expres: | sions of sympathy and beautiful floral offerings. Special thanks to Dr. Stanley, | . Morris and special nurses; also the Legion, UAWA, GMC fellow work ers, Armstrong efficient management of the service Mr, Stephen Saywell for his consoling words during the loss of a dear husband | and father. | ~Mrs. Rae Crossman and family. JONES -- We would like to thank all nurses and staff on wards 2A and 3C, and Doctors Halam Andres and Rowsell for the wonderful care given to our| husband and father during his many stays in hospital; all neighbors and friends for their floral tributes, cards and kind words of comfort during our recent bereavement. Mrs. Jones and family, 'Cuba Lauds Red Might HAVANA (CP) -- The Cuban press revelled Tuesday in dis- closures of Soviet air might made Sunday at a Moscow air show. The Communist newspaper Hoy says editorially the aerial display revealed that "the coun- try whose invariable foreign pol- icy is the struggle for peaceful co - existence" is prepared to meet any attack. A front-page cartoon in Hoy shows a man with a striped hat etched in dollar signs wringing his neck and seething in agony as he supposedly watches a huge Soviet helicopter perform. "To calm voracious appetites 11 Net Sales High ow a.m. Ch'ge 250 $19% 19% 19% 220 18% 18% + % 214 21 2500 67 100 225 800 216 300 100 250 z10 300 900 TORONTO 11 AM. STOCKS By The Canadian Press Toronto Stock Exchange--July 12 (Quotations in cents unless marked $. 2--0dd lot, xd --Ex-dividend, xr--Ex- rights, xw--Ex-warrants. Net change is from previous day's close.) INDUSTRIALS 11 Net High Low a.m. Ch'ge $4114 41% 41% -- % $10% 10% 10% 100 180 180 180 230 $3214 32% 32% z10 $109% 109% 109% 355 $12% 12% 12% -- % 100 $17% 17% 17% z110 700 700 700 250 $44 M4 $34% 33% $44 4 Bales 1181 45 Stock Salada-8 Salada wis Seven Arts Shawin xd Silverwd A Slater Ind Stafford Stock Eddy Fam Play 250 Fanny F 21 155 67 +4 Stock Sales 50 1000 = 475 350 350 350 120 $19% 19% 19% 535 68 68 10 $117% 117% 117% "4 + % 325 $44% 4% 44% 1110 BU--% 4 50 44 25 145 32% 65% 16 54% 54% + % 49% -- % 490 5 + % Atlas Steel Bank Mont Beatty Bell Phone Bowater pr Brazil BA Oil BCE 4% pr BC Forest BC. Pow Burlington Burns Can Cem Can Foils 32% 65% 16 % 49° 49 31% 4% 14% $141 4% S141e 14% $33% 33% $20 20 $12% 12% $7 2114 $20 281% 29 $21 21 $50% 50% 420 420 $30 30% 30% $614 6% 6% 270 270 $124 12% 190 180 $5% 5% sit 11 $663 66% $16%. 16% $31% 31% $25 24% 893% 98% $5 5 $9% $17% $17% Lakeland LO Cem pr Laura Ste Levy LobCo A Ww LobCo B Loeb M Ogilvie Price Br MB PR 3 M Leaf Mill Mass-F 1 Mass-F 5% Metro Store 1000 Met Store p 225 Molson A 236 Mont Loco 220 925 250 § 2210 150 125 100 1015 50 250 25 100 220 300 150 720 100 1 7: x 1 Alminex Bailey S A C Ex Gas C Homestd Cent Del C Mic Mac Dome Pete Gr Plains Home B HB Oil G Mayfair Medal Pac Pete Pac Pete w Pamoil Phantom Place Provo Gas Tri 800 2500 150 z50 250 C Imp Bk C 100 1 dn Oil xd 247 CPR 800 800 303 = C Util pr 1 Col Cell on Baks xd on Gas Corby B Crush Int Dist Seag D Bridg xd Nor Phone Ont "oan Oshawa A Page-Hers Pembina Pembina pr Phantom Photo Eng QN Gas Roe AV C Rothman 2300 Royal Bank 295 EE 9% 17% 17% F FF $8 $40% $20 Dom El wt D Fndry Dom Stores 350 $60 $76% ¥ $TT% W Decalta 1737 ¥ $20 1150 $14% 20! $ 77! Today's Stock Market Listings on Toronto 11 Net High Low a.m. Ch'ge $16% 16% 16% -- % $10% 10% 10% + % $12% 12% 12% $25% 25% 25% Slike 11% 11% Stock $8% 8% 8% 485 485 1% + % 4 ---% 22% 64 485 $14% $74% $49% OILS 81 30 66 10 630 275 950 $11% 000 850 $13% 13% 13% Goldale Gunnar High-Bell Hollinger Hud Bay Hydra Ex Int Nickel 950 950 11% 11% 850 850 50 150 8 200 208 + 12% 12% 1214 5 775 775 150 Irish Cop Jaye Expl Joburke Joliet Jonsmith Kerr Add Lab Min La Luz Lamaque MINES an Sales High Low a.m. Ch'ge 860 850 850 --20 $14 14% 14% -- % 4% 4% a+ % $14 4 385 380 Peerless Placer Que Lith Quemont Radiore Sherritt Siscoe Steep R Sunburst Sylvanite Taurcan Teck-H Territory Tiara 212 206 212 +47 $63% 62% 62% -- 23% 23 23 T% T% TH+ % $11% 11% 11% + % 24% 24% 2R 875 870 875 u Un Upp Can Ventures xd 20) 2% 26 26 $02% 82% 82% 119 117 119 12% 12% 12% + % 9 9 9 Wal 22 9 950 23% 255 335 2 2 +1 9 9 1100 950 945 150 $23% 23% 200 255 255 100 335 335 +15 +10 Funeral Home for the| {highly-qualified team with the | OTTAWA (CP) -- A shaky {truce prevailed today in the Senate-Commons fight over con- troversial made-in-Canada tariff proposals. Senate leaders were expected to meet informally and in pri- vate to try to work out a com- promise with the government, which is insisting on carrying its bill through the Senate with- out amendment despite the op- position of the Liberal majority of the upper house. The possibility of avoiding a final rift--which Prime Minister Diefenbaker said last week would sooner or later mean a general election on the issue-- occurred dramatically at the end of the Senate's debate Tues- day. Senate-Commons In Shaky Truce Liberal Senator W. Ross Mac- donald, opposition leader, sug- gested that two or three senat- ors call on Finance Minister Fleming informally to see whether a compromise could be reached. At first, Conservative Senator William Brunt, deputy govern- ment leader, rejected the idea because it didn't fit with stand- ard rules of the Senate. PCs WILL TRY Later, he said such a meet ing "might be possible" and as long as it was possible to save the bill, "let us try to save it." Senator Brunt moved adjourn- ment on the debate, said the subject will be far down the list of Senate business when it meets today. Charge Hard WASHINGTON (CP) -- Well- informed authorities here said Tuesday it would be difficult to substantiate a charge that Can- ada violated her international obligations by forcing down the exchange rate of the Canadian dollar. They were commenting on an Ottawa dispatch quoting James E. Coyne, governor of the Bank of Canada, as saying that under Canada's agreement with the International Monetary Fund, COYNE LEAVES HEARING total of six hours Monday. The Senate Saturday approved in principle the government's bill to fire Mr. Coyne, but decided to call the bank gov- BUSINESS SPOTLIGHT Seat-Of-Pants Era Now Over By FORBES RHUDE Canadian Press Business Editor "seat - of - the- |pants"' management, the Kind that accounted for many past and present successes, is likely {to come a cropper in today's {fast-changing business world. This appears to be the general {view of universities that are ex- panding their business teaching. In thinking this they do not |discount inborn ability or ge- nius. These are as important as ever. But more tools, some of {them of a scientific or semi- |scientific nature, now are avail- able in fields as diverse as mathematics and the social sci- ences. The manager who doesn't| {understand them will be at a |disadvantage in com p a r ison with the manager who does. Dr. F. D. Barrett, chairman of the current executive sum- mer school of Queen's Univer- sity, describes the objective as "the prof es sionalization" of management. He sees the manager as the knowledgeable leader of Bank of Canada governor James Coyne leaves Parlia- ment Hill after facing the Senate Banking committee a Banking committee. Coyne will appear before the committee again today. --(CP Wirephoto) Steady Day For Market | TORONTO (CP) -- The stock {market finished strongly ahead after a day of steady gains and light trading. Dr. Barrett outlines the man- agement process somewhat as follows: compared with 1,450,000 Mon- day. The market's rise came in spite of caution on the part of {buyers and was led by gains in out. Then direct, motivate and |PaPers and financial institutions. lead people towards their ac-| In the latter, Nova Scotia, complishment. In this the man-|Royal, Toronto - Dominion and ager will need the skills of com- [Imperial Bank of Commerce municating his ideas, of per-|Were all up in the }3 to % |sonal group leadership and abil-|range. Among papers, MacMil- ity to arouse enthusiasm. lan Bloedel, Abitibi, Price Then, with all hands agreed Brothers and Anglo Newfound- lon the common task, he must|land all rose 3 while Consol- keep their efforts co-ordinated |idated and Great Lakes had because, says Dr. Barrett, small losses. "when departments get out of| On index, industrials rose 1.16 step and start working at cross|to 591.94, golds .62 to 84.59 and purposes you may as well fold|base metals .71 to 199.55. West- up your tent." ern oils fell .84 to 94.33. Once the plan is working to-| Among senior base metals (wards the common objective, gains went to International Ni- the manager must know if it is|ckel, Falconbridge, Labrador, proceeding at an acceptable Steep Rock and Consolidated |pace, and this requires continu-|and Smelting. ing appraisal. | Such appraisal calls for a va-| iriety of information - gathering| . inger i systems--information on such What oY Hlolinger 5Tone - point a|things as quality of products," western oil trading was weak customer reaction, productivity, |; poor volume essential function of "decision. | Advertising Success, morale and| - making" in the team's progress|™anY others. Intnitive ar Set objectives ture adapted organizationally and personally to carrying them Gold trading was generally light but was brightened some- Prog {tional evidence and a more pre- towards long-term objectives. APPLIES TO OTHERS cise tool, but they have to be And he must be able to visual-| This schedule for the top man- used with discretion because of ize the consequences of the de- ager applies in principle to|the possibility that their data cisions he makes. {managers down along the line [will not give sufficient weight to SE i |--the executives who presu- non-material factors. Computers of imperialists, the Soviet Un-|mably are moving up towards|can take over much work but ion, as leader of the socialist/the top positions. {they are a long way from world, has elevated its defence| In discussions of management |taking over human problems." power with an air force capable computers give both a promise] Nevertheless, Prof. Macpher- of destroying any enemy," says|of immensely more information son sees greater use of math- the semi-official newspaper Rev-|and a threat of a flood of de- ematical tools in such things as olucion. tail, which might obscure more programming and inv e n tory E! Mundo, asserting that Rus- important considerations. control. At the same time he sia seeks peace, says countries, Professor L. G. Macpherson, sees the social scientist, includ- that follow other policies should director of Queen's school of|ing the industrial psychologist, consider what will happen to business, says: making greater contributions to them if théy provoke war. | *'They give managementsaddi-| management. ernor as a witness before its | Mr. Volume was 1,690,000 shares| the Canadian government has no right to influence its ex- change rate by more than one per cent. Per Jacobson, the fund's managing director, declined to comment. | But other quarters said the |one-pet-cent obligation refers to those currencies with an ex- {change rate pegged to the Amer- lican dollar or the price of gold. | Canada's dollar was unpegged lin 1950 and allowed to fluctuate lin accordance with demand and supply. The announced govern- ment policy at that time was to interfere with the market pat- tern only to the extent of iron- ing out small day-to-day fluc- (tuations. When the Canadian govern- {ment set the dollar free in 1950, lit told the fund this was only a {temporary situa tion and that |eventually the dollar would be |repegged. Those with pegged |rates agree to keep the day-to- day market rate within one per |cent of the agreed value. Any {major change can be underta- {ken only after prior approval of {the fund's 18-member executive {board representing the 70 mem- {ber countries. |DID NOT SEEK | Canada did not seek such {prior consultation before it an- {nounced the policy change in the June 20 budget. However, Louis Rasminsky, a deputy gov- ernor of the bank, informed Ja- cobsson privately of the pro- posed change a few hours be- fore the budget was announced. Some board members feel MARKET PRICES TORONTO (CP) Potato |prices today: P.E.L. 75 lb. bags off truck $2.25-2.50; Ontario new off truck 2.85, to trade 3.15-3.40. TORONTO (CP) -- Wholesale fruit and vegetable prices to- day: Apples, msantrolled Mcln- tosh $6.75-7 bus., B.C. Winesap 5.75-6; Spies 6-6.50; beans, Ca- nadian 11 qt. 1.50 - 1.75; new beets bus., 2.25-2.50, bunched .65-.75; broccoli 1.50-1.75 11 qt.; cabbage, Canadian 1.75-2; car- rots, Canadian 50-1b. bag 3.25- 3.50, bunched 12s, .75; cauli- flower, Canadian 16s 20s 1.25-2; celery, Canadian 2.75-3 case; cucumbers, field 1.50, 11 qt. No. 2s, .75; lettuce, Canadian 18s and 24s 1.50-1.75, green on- ions, 12s, .35-.40; spinach, Ca- nadian 1.25-1.50 bus., rhubarb Depress-Dollar Move To Prove Canada should have returned to a pegged rate long ago. They| may express such views when | the board examines Canada's action at a confidential meeting here later this month. However, these board mem- bers, who asked not to be iden- tified, concluded that Canada cannot be accused of breaking any international agreement in her move because there are no fund articles of agreement set- ting out specific instructions on how currencies that float free Exchange Stock Langis Willroy Yale Lead Young HG Zenmac Curb Pend Ore Yukon Con Sales to 11 a.m.: | The amendment writes {factors in deciding whether a | higher tariff to encourage Ca- et High Low a.m, Ch'ge 57 55 55 --~2 158 156 158 +2 2% 2% 2% + % 165 164 164 -- 87 87 ~--1 Sales 15625 1300 1000 1600 8000 320 500 3% OTTAWA (CP) -- A Liberal move to kill the government's annual CNR capital financing bill was defeated in the Com- mons Tuesday night by the Pro- gressive Conservative majority with the support of CCF mem- bers. A motion proposed by J. W. Pickersgill (L -- Bon a vista- Twillingate) not to give the measure second reading -- ap- proval in principle -- was re- jected by a vote of 98 to 30. The Commons then voted unanimously to give the bill sec- ond reading and referred it to committee for clause-by-clause study. The House later gave the bill final approval and sent it to the Senate. Debate on the measure--au- thorizing the publicly - owned CNR to spend up to $178,900,000 in 1961 on capital projects -- was highlighted by a charge by Mr. Pickersgill that Prime Min- ister Diefenbaker believes that the government and not Parlia- ment is supreme. DENIES CHARGE Veterans Affairs Minister Churchill, g o ve r nment House leader, denied the charge, call- ing it an "insult" to members of the House. He said Mr. Pick- ersgill had "twisted" words 320 320 3% M+ % 1 100 10% 10% 10% -- % 15% 15% 15% -- % 10 10 21 515 =15 845 70 31 16% 16% 16% 9% 9% 9% + WK 166 166 +32 480 +1 +3 ~13 1500 31000 100 754 4700 Asbestis Keno 475 700 1100 625 144 11 625 144 11 ite Am 14 CNR Capital Bill Beats Kill Move used by Mr. Diefenbaker in the Commons last Friday in discus. sing the government's bill te oust Bank of Canada Governor James E. Coyne. The government recently won parliamentary approval to raise the CNR board to 12 members from seven. Pending this au thority, the position of CNR President Donald Gordon and four directors had been left in abeyance. The Liberals argued that the Commons should not be asked to approve $178,000,000 in cap- ital expenditures for the CNR until the government had named the new directors and either re. Eppsited or replaced Mr. Gor- on. Death Sentence For Rebel Generals PARIS (Reuters)--A special military tribunal Tuesday sen tenced former generals Raoul Salan, Edmond Jouhaud and Paul Gardy and five former colonels to death in absentia for their role in the abortive military revolt in Algiers last April. 1500 39 33% 39 2 7-1 230 230 230 AT% 47% 47% +2% 1475 1S SHE ANGEL OR SINNER ? ANGEL BABY Adult Entertainment -- With = GEORGE HAMILTON MISS SALOME JENS 100 1000 516,000. Senate sources indicated the Brunt adjournment motion was not just a debating move but that discussions would be held to resolve the issue created by the government's refusal to ac- cept the Liberal amendment in its present form. into the bill the restoration of a right of appeal against minis- terial decisions on some of the SHATTERING CRUISE TO TERROR ! "TIME BOMB" RR. CURT JERGENS MYLENE DEMONGEOT CITE I3NOW PLAYING! nadian production should be im- | posed against imports of goods jot a class or kind not already | made in Canada. The government argues that the power for final and binding | ministerial de cisions is con- {tained in a bill arising out of | the budget and so cannot be alt- ered by the Senate. It was adopted by the Commons over stiff opposition by the Liberals. In the Senate, the Liberals-- where they have 72 members in the 102-seat chamber -- argued that the Senate has power to do whatever it likes with budget bills, and moreover the ques- tion of ministerial powers does not affect tax rates. DROP IF NECESSARY When Senator Brunt first re- {jected Senator Macdonald's pro- posal, the Liberal leader said there was nothing left to do but vote to carry the d t An ATLANTIC PICTURLS PRODUC ION An ALLIED AR1ISIS RELEASE OSHAWA RIVE! EATRE TONIGHT ADULT ENTERTAINMENT -- REGULAR PRICES BOX-OFFICE OPEN 8:00 SHOW STARTS AT 9:30 despite Mr. Diefenbaker's warn- ing that if it carried the gov- ernment would drop the bill and, by inference, blame the Liber- als for thwarting a measure to encourage new Canadian indus- try and create jobs. Senator Gunnar Thorvaldson (PC--Manitoba), national presi- dent of the Progressive Conser- vative Association, said the bill | allowed the minister of national | revenue to "make a few statis- {tical calculations" only and if a right of appeal were allowed de- cisions would be delayed. bb WALT NEW ALL-CARTOON -- are to be regulated. FISHERS OFF Singer Eddie Fisher and his wift, Elizabeth Taylor, Smile as they prepare to leave New York's Idlewild airport today enroute to Moscow. They are traveling at the request of the State Deparement to rep- resent the United States at a Moscow film festival. --(AP Wirephoto) 12s .60-.75; tomatoes, cello 2.85- 3, No. 1 hot house 10 lb. carton 3.25-3.50, No. 1 small and No 2s, 2-2.25, strawberries, .20-.30, Canadian cherries, 6 qt. v .60-.65. 2.50-3, Leamington field 11 qt.| black 1.50-2; green peas 6 a. DiSNEY'S One Hundred One A MYSTERY.. A ROMANCE and Delightfully Different! FEATURE CP "Proce FEATURE SHOWN DAILY AT 2:50 - 5:05 - 7:25 - 9:40 PoRIF yLILEX TO MOSCOW ROBERT SIODMAK'S A SINNER | ask the men who knew her FEATURE TIMES 1:45 Last Complete Show 9 p.m. G ADMITTANCE 10 PLEsOns 0 TAS OF AGE OF OVE Il oF AIR CONDITIONED Tom & Huck are back ! "THE $ ADVENTURES OF TOM SAWYER" IN TECHNICOLOR SHOR THE NEW GIANT OF WESTERN SUSPENSE! ) ) ) 3B PLUNDERERS KS: fr TOMMY KELLY WALTER BRENNAN LOU and BUD "ABBOTT AND COSTELLO MEET CAPTAIN KIDD" | IN COLOR ~-- Jn CHARLES LAUGHTON [ LAST TIMES TODAY "THE DESERT FOX" = PLUS «= "DESERT RATS"