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Jaycees Discuss Stock Market "Everybody should invest, but not above his means or so as to get into debt." These words of Don Brown summarized the purpose of a discussion on investment at the dinner meeting of the Junior Chamber of Commerce, in Hotel Genosha Monday night, under the chairmanship of President Fred Ushaw. A panel consisting of Don Brown, Jerry Ruther ford and Dave Perkins led the discussion. The Jaycees learned that there are several ways open to the 'small investor" to engage in stock market dealings. These are mutual funds and invest- ment clubs, both an outgrowth of current society due to the danger that lies in investing in stock one is unfamiliar with. Both offer a means of diversi- dhe Oshavon Times PAGE NINE agree to make regular contribu- ---- tions to a fund, but they decide; SECOND SECTION themselves how they invest the money in the fund and deal directly with a stock broker. It was pointed out by Gerry Rutherford that investing in a mutual fund means an invest- ment that moves with the growth of the country. "You cannot go broke, unless the country goes broke," he said. INVESTMENT CLUBS However, a more educational way of investing on a small scale is participation in an in- vestment club, it was pointed out by Don Lowe. An investment club can be regarded as a means to get experience in| dealing with stock. It involves a| little more risk, because clubs| deal with more speculative stock | OSHAWA, ONTARIO, TUESDAY, SEPTEMBER 26, 1961 fying the investments of an in- vestor and reducing the individ-| ual risk. | [MONTHLY PAYMENTS Investing in a mutual invest- ment company involves making | monthly payments in addition to| an additional fee that amounts) to approximately four times the] amount of the monthly instal- ment, The company then takes care of handling the stock for| | the investor. | "I believe it is the only way for the 'small fellow'," said Don Brown, '"'and have experts handle the stock." In an investment club a num- ber of people get together and wk OSHAWA FAIR OFFERS MANY ATTRACTIONS than mutual funds. But the] members of such a club can| learn how to analyse industries] and market trends in a systema- tic way. "Taking part in an invest-| ment club should merely be a learning process," said Don| Lowe. 'Its primary purpose should not be to make money." Among other business dealt with by the meeting was the {question of traffic safety. The |Oshawa Jaycees hope to pro- mote traffic safety in several ways. | "We certainly need more traf fic safety in Oshawa, judging union spokesmen are Mrs. Ethel Thompson, ladies aux. what the union is demanding UAW LADIES AUXILIARY left, and Cliff Pilkey, left, a | from General Motors for a member of the Local 222 local by the recent reports," said Bill Edwards, former president. offering attractive prizes. The 54th Annual Oshawa , attendance. The main attrac- Seen here is Karen Igel, 13, Fall Fair got under way at | tion during the evening was Alexandra Park Monday night | the midway with its galaxy | 385 Nipigon street, with one of with many of the younger | of booths, and rides in opera- | the prizes. : generation of the district in | tion. Some of the booths are | --Oshawa Times Photo Agricultural Official Urges Support Of Fairs that any vide an indication of the indus-| Regarding the European Ec- try and prosperity of the com-|onomic Community and the Eu- Phone 723-3474. munity |ropean Free Trade Association, The speaker asserted that Ca- Mr. Biggs said discussions now nadians have a tendency to look [under way may bring the Unit- upon agricultural surpluses as|©d Kingdom into the Common something that depresses the |Market. This would mean that 33 Pupils 5 Pp market and creates a i Eo el Javed with a for the farmer and the pro- nst Lhe expori ol her) ducer. On the other hand he 800ds to the UK. where Can.| e urne 0 felt we should be thankful we|ada now enjoys free entry for - South Simcoe CELEBRATING BIRTHDAYS Congratulations and best wishes to the following resi- dents of Oshawa and district who are celebrating their birthdays today: Mrs. Arnold Tonkin, 66 Burk street and Joachim "I am convinced Obst," 796 Gordon street. community would be making a] good investment for the future in strengthening and expanding its annual fair", declared Ev- erett M. Biggs, assistant dep uty minister of agriculture, in his address at the Monday luncheon meeting of the Rotary Club of Oshawa. The club' on this occasion marked its annual Fair Board Day in recognition of the Osh- awa Fall Fair which opened Monday at Alexandra Park. The speaker was introduced by Heber Down, of Brooklin, a member of the fair board. Oth- er members of tha fair board at the head table were R. Bran- ton, president; F. Snowden, sec- retary and Garnet Weatherup, a ATD FOR NEEDY director. | Mr. Biggs commented that fewer fairs are being held each year in Ontario and that the remaining fairs are becoming somewhat larger. This he felt is a natural development due to the great Improvement in roads, communications and travel, SUPPORT DESERVED Fairs over the years have re ceived a great deal of support from the Ontario Department of Agriculture both from the can produce surpluses as the almost all her exports. surplusés are not large and, There would also be the pos- are extremely necessary to|sibility of tariff preferences in| avoid shortages in the case of the United Kingdom in favor of| 'crop failures which could result) European suppliers. Canada in higher prices. Surpluses are/could be faced with the Euro-|Oshawa Board of also necessary in the face of pos- (pean system of variable import meeting Monday night to re- sible international complica-|levies and other forms of im-|turn 33 students who were trans- tions. (port controls to protect a direct (ferred from College Hill School |agricultural price support pro-|{to South Simcoe School gram with the European com-|year. Those pupils who wish to "I am firmly convinced that| munity. . |remain at South Simcoe may the shortest road to the hearts Both the Common Market | 90 S50. : of the uncommitted millions in|communities and 'the United| A delegation of parents from the world today is through the Kingdom are important mar-|the Cubert street area petition-| wiping out of starvation and kets for Canadian farm prod-|ed the board at its last meeting through gradual educational|ucts, the speaker continued.|Sept. 12 to permit the children and technical development|Last year our total exports to/l® return to College Hill, which will provide an under-{the Common Market amounted| A spokesman for the group standing and a dignity of pur-|to $436,000,000 of which about|told pose to these people so they can|$149,000,000 or 35 per cent was|presented an uprooting of the walk shoulder to shoulder with| agricultural products. Approxi-| children, and that it was incon- those of us who are more for-| mately 16 per cent of all our|Vvenient as to transportation. tune," Mr. Bigg€ said. agricultural exports go to the| Some of the parents had in- Every effort is being made to|six countries in the Common vestigated the situation in the dispose of the slight surpluses| Market, which the United King-/two schools and To Install Steam Line At OCVI In spite of the $77,000 heating plant ing system. The board of education grant- night, for the installation of a new steam line and for a re- ; the do-| its 1962 cars would include the | for line to circulation pump mestic hot water school. The repairs are necessary because it has been discovered lines are poorly insulated and are los-| ing heat, said R. H. Lunny, the some of the hot water oil- installed during the summer at OCVI, all is not yet well with the school's heat- 27 members Monday afternoon heard contract negotiations be- tween union and company dis- | cussed by a two-man panel of | experts. Malcolm Smith, presi- | dent of Local 222, second from bargaining committee, took time out from a bargaining | session to enlighten a dis- | appointingly small group of | | union members' wives on ' GM VEHICLES | GET SEAT BELTS Seat belts will be installed in all cars operated by the company both at Oshawa and in the field, General Mo- tors of Canada said today. The policy applies to all 1962 model cars as they come into service. General Motors announc- ed earlier this year that all ed $465, at a meeting Monday floor plates which provide easy attachment of seat belt ,| hardware. The plates are equipment, Kits, including belts and neges- sary hardware, are avail- able from GM dealers at standard board's building supervisor, and| nominal cost. A motion was passed at the there has been a heavier draw Pp Education| on hot water at the school this year than previously. | Mr. Lunny outlined other ne cessary repal | ture, amount to about $1,700. In other business, voted to hire H. A. bury, of Toronto, for the post of clerk-of-works to supervise con- struction of the R. S. McLaugh- He will begin work Oct. 2 and be paid d Phyo Lainch-|a%a Fair got under way Mon-|as local negotiations are con-|n lin Composite School. $500 per month. Mr, {ing construction, and at time was supervising six major | jobs at once on Bloor sireet in Toronto. The students at CCI and DCI concluded were granted permission to see Wall rs which will have | this|to be done sometime in the fu- total cost of which will the board | Lainch- Midway Is Popular At Oshawa Fair This year's edition of the Osh { the board the transfer re- hury has had 22 years supervis.| day night in a blaze of colored] cerned. one| lights, blaring music, and the cries of the barkers well mixed dogs and all the trimmings. Such inviting sights as "The of Death, 'Club 18" new contract to replace the present union-company agree- ment which expires in Octo- | Shown ber. with the two iliary 27 president, and May- or Christine Thomas, also an Auxiliary 27 member. --Oshawa Times Photo Smith Optimistic Of Contract Negotiations Malcolm Smith, president of|are, particularly to do with local Local 222, Workers of America, CLC, said| Monday afternoon he is '"'quite| optimistic about the trend of ne gotiations between the union and General Motors of Canada Ltd." The president of the 13,000- member local said the union and company have made more pro-| gress on master agreement ne-| gotiations to date than the two parties have ever made on any negotiations he has ever been involved in with the two parties. He has been negotiating with the GM since 1937 on nearly every contract with the excep- tion of the 1955-56 pact between the UAW and General Motors, United Automobile negotiations. SEEK 30 AMENDMENTS | DIFFICULTY FORESEEN According to Mr. Smith, th International UAW explained al ils master agreement submis- sions to the company in fi meetings, He said, however, jooks as if Local 222 may have | Cliff Pilkey, ve| Motors had a it| of $959,000,000. According to Mr. Pilkey, Lo trouble with the company as far|222 is not asking for anythi o one else gained at the b: gaining table and is not asking] 2 member of the for anything that other indus- be computed as far as retirees gathering of Ladies Auxiliary 27| employees. DEMANDS OUTLINED Outlining some of the demands members at Union Hall Monday | afternoon, indicated "there will| fight right down to the fin- Mr. Smith said the union is seeking 30 amendments to its supplementary benefits plan. dently, the improvements that| are going to be made on the SUB agreement have an effect member's home life. In addition, Mr. Smith noted that 14 amendments to the pen- sion plan are under submission to the company. Improvements are being sought in the em- ployee's insurance plan, he said. Mr. Pilkey stated the union is {not trying to blaze a new trail | with the company "'but is mere- 1|ly asking for a little more. He noted that during 1960, General profit, after taxes, unemployment He said, confi- are going to on the union local negotiating team and Mr. tries, not near as large as GM with candy floss, popcorn, hot|Smith, both speaking to a small aren't already doing for their also included in the SUB de. mands, Mr. Pilkey said. He said regarding pensions, the union is asking that all pene sion changes be made for those who are going to retire and for those on retirement at the pres. ent. MAJOR ISSUE One of the major issues in the pension demands is that an em- ployee be permitted voluntary retirement at age 60 with full pension benefits instead of the present retirement age, 65, Mr. Pilkey said. The union is demanding dif- ferent vesting rights to permit employees to go back and pick up all credits and a change in the total and permanent disa- bility plan. It is seeking a $100 minimum and a reduction to 10 years in the plant from 15 years' service to entitle an em- cal Ployee to total and permanent ng| disability benefits, Mr. Pilkey bar-| said. A cost of living increase, to are concerned, is also included in the union's demands upon the company, Mr. Pilkey stated. "At present," he said, "the husband can take an option en- titling his wife, in the case of of agricultural products in On- dom continues to be our main South Simcoe was more crowd- the opera "The Bartered "The Crazy House" drew good be a in detail, Mr. Pilkey said in re- standpoint of finances and pro- between union and com: motion and are still regarded by most agriculturalists as ex- tremely important to the farm- ing industry. Fairs, he contin- ued, could be termed the show place of agriculture as they en- able farmers to see and com- pare the exhibits with their own. At the same time fairs pro- mote better understanding be- tween the residents of the rural and urban areas. 1t is impossible to discount the publicity value of a successful fair to a community. Not only is the fair the showplace for agriculture but it can also pro- Teacher Of Speech Arts To Speak Here To promote progressive ideas upon the teaching and the kin- dred arts is one of the objects of the Canadian Federation of Registered Music Teachers. With this in mind the Oshawaidriver of a wrong-way car said burns shaved off, and District Branch has invited Eileen Weldon Parsons, a noted teacher of speech arts, to be its after dinner speaker at the annual dinner to be held Wed- nesday, Sept. 27, at 6.30 p.m. in the banquet hall of Street United Church Mrs. Parsons, a resident of Bracebridge, is an honor grad. nate of the California State School of Theatre. For a num- ber of years she was on the faculty of the Royal Conserva- | tory of Music in the drama department and opera school. | For the past seven years shel has been connected with the| New Play Society of Toronto! and has adjudicated speech art| festivals across Canada. She is| also involved in the work of the Straord Shakespearian Festi- val. Mrs. Jan Drygala, soprano of Just Trying tario. A markets development branch had been set up whose prime purpose will be to co- export market. In 1960 sales of farm ucts to the prod- operate with the farming indus: amounted to 30 per cent of our| lege Hill.) try and the farm marketing agricultural exports, or approxi- In considering the matter, groups to increase the sales of mately $289,000,000. These mar. the board heard a report from farm products both at home and kets are extremely important to| Pr. C. dian farmer and this is dent of Oshawa public schools,| Oshawa (Chadburn) Air Cadet |a land office business and were| stating re-transferring the stu- Squadron, which the club spon- surrounded by wide-eyed young- {dents is possible this year, but|sors, were guests at the meet-|sters who tried their best not| tal shipment of fresh peaches| However, it would appear that|iS not likely to be feasible nexting of the Rotary Club of Osh-{to miss one second of the| nal conclu. | Year. on the export markets. In recent weeks the govern- ment sponsored an experimen- 0 the United Kingdom. It is hoped to build up a market overseas as the season for Ital- ian peaches in the UX. ends {when Ontario peaches come on Ithe market. Turn Round Driver Says "TI was just trying to around to go to Toronto," turn the in Oshawa Monday. Jack Robinson, 32, of Toronto the driver, was sentenced to 15 days in jail on a charge of drunk driving. In addition, his Magistrate's Court ed for one year and his car im- pounded for three months. An officer of the Whitby de- tachment of the OPP testified he was driving towards the Rouge Bridge, on Highway 401 in Pickering Township on Sept. 22, when he noticed the cars ahead were pulling over to the right, The officer then saw a car going east in the westbound lane. A large transport truck narrowly missed the wrong-way car by pulling sharply to the right, he said. When arrested, the driver, seemed drunk, in that he was staggering and didn't appear to know where he was, the officer the Cana {why many agricultural leaders | are expressing concern. | {no matter what the fi sions and arrangements are, [that the adjustment in trade [Policies will not come suddenly but will be spread over a period | 'of time. | M. Elliott, 'Wants Clients 1k Well Groomed | Oshawa lawyer Terence Kelly| likes his clients well-groomed. | When Kerry Miller, 17, 111) ¢ Colborne street east, was called | i in magistrate's court here Mon-| day, Mr. Kelly, counsel for the| accused, told the court he had| sent him home to have his side-| adding that| Miller would be in court in five| minutes. "Five minutes?" questioned| | Magistrate F. S. Ebbs "They're short sideburns,! Simcoe | OPerator's licence was suspend- Your Worship." Miller and John Burnett, 18, 106 William street east, both pleaded guilty to charges of theft of some construction ma- terials belonging to Bathe and McLellan Construction Ltd., from St. Phillips Church, Ox- {ford street, Sept. 8. Crown Attorney W. Bruce Al- fleck quoted the company own- er as having stated three bags of cement, some dividers and a two-by-four were taken, Mr. | Affleck estimated the value of the materials at $20-25. Miller was fined $100 and costs with two weeks to pay or two months in jail, while Bur- ed than College Hill, he said. Bride" at the O'Keef Centre on|crowds as the barkers tried to|iSh" : (The transfer was originally ef-| Oct. 4. They will pay their own|persuade them to "Come inside|Pany as far United Kingdom | fected to ease crowding at Col- way, and will go by special bus. superinten- Brooks, his death, to part of his pen. sion, but at a great reduction. Considerable changes along these lines are being sought to be made," the bargaining com- mittee spokesman said. FULLY-PAID INSURANCE The union, Mr. Pilkey added, is asking that medical insurance (PSI and Blue Cross) be fully paid by the company. Employ- ees in many plants, smaller {than GM, are already getting Maximum credits for SUB be|fully paid insurance benefits by gard to the SUE agresmen, {he .| union is asking e waiting are con period be eliminated, that the $30 ceiling be eliminated and that benefits be computed on the basis of the highest wage rate earned six months prior to a layoff. In addition, the bar- gaining committee is asking that |SUB be paid on 65 per cent of an employee's gross earnings, not on 65 per cent of the net earnings with an additional $2| for each child. as transfer priv- and see the greatest show on|ileges within the plant - earth." The two large and gaily cerned. ; AIR CADETS ATTEND [lighted ferris wheels, "The Octu.| A disappointingly small turn- James Smith and Gordon|pus," "The Champagne Ride,"|Out of union members' wives at- : "The » ing tended the meeting arranged by two members of the he Rollo Plane," were doing the auxiliary, to familiarize the wives with what the men are fighting for around the bargain- ing tables. ; excitement and at the same Lhe two 100 bargalng com time manipulate the mountain. Mitlee members were tell out ous twists of sticky candy floss A ie { Wists i; ¥ J Inte eter i the in-|2s to the union's demands, for a irinati i br : : se, the in| w contract. Mr. Smith out-|increased to 52, the elimination|the company, he said. In addi- evitable games of chance alll : ting in person, tion, the umion is asking that 1 th id shere vou | lined the union demands and Mr.| of employee reporting in pe : : are Snvited to "Win 3 lovely |Pilkey elaborated on what the after the first time, during athe company pay medical bene- | prize for the young lady lucky!" | major points under negotiations|layoff of a permanent type, are|™2 eB BERENS: ooo Here, too, business was quite | which will be a real fight and we brisk. The prizes include every- {will show General Motors we thing from chinaware to giant {will fight this issue, is a very pandas and. poodles. important one. The bargaining At the grandstand you can committee and the Local 222 [relax and enjoy your hot dog . membership wants better work- while you listen to a country | ing conditions. We want to work and western group, who do a Irono es 1va like human beings with a little creditable job with their bit of dignity in the plant. We |guitars, fiddles, bass, etc. For ; : want members with seniority to * [those who enjoy this kind of The Oshawa Little Theatre, on stage appearance with the be able to go on to better types music, this group can be highly| which has 'been a participant| Oshawa Little Theatre was in| jobs. Protection against the recommended. in the Orono One-Act Play the part of Angustias in The ls human practice of speed-up is Judging of the aquarium ex-| festival since it began four House of Bernarda Alba", will a major issue," Mr. Pilkey said. | hibits took place Monday in the years ago, will be represented take the role of Gladys in this = np. ""¢ooien "Stated it is taking Commercial Pavilion. Results this year by John Mortimer's festival production. less than 50 per cent of the in- | were as follows: Longlife Award p1ay "I Spy". This interesting] Russell Flutter returns to the ares in the trust fund to pay for the best single fish in the |andq demanding play will be di-|stage with the Oshawa Little| oer the pensions of GM employ- show, first prize for Aquarium rocted by Gillian Heath, who|Theare's entry at Orono after|ees on retirement and he, there- Beautiful, were won by Don|hag appeared in a number of an absence of a number ofifore feels it will not cost the Hambly of the Oshawa and dis- yiiije Theatre productions. years. For this production Russ company anything to make the trict Aquarium Society. Second Gillian was last seen as the will play the part of the law- improvements the union is de- prize Aquarium Beautiful, J. H. main character in "The House yer. manding in pensions Dyas, Oshawa and District] "pe 0 vqa Alba" and has also, The role of Captain Morgan "I always had one philosophy Aquarium Society. . played the title role in "Mon- will be taken by Dave Watson. as far as GM is concerned, and Vist prize for IN jque" and Mrs. Stevenson in| This is Dave's first appear- that is don't feel ashamed to Aquarium Beautiful ws "Sorry, Wrong Number". From ance in one of this group's pro- ask them for more money -- by Norman Easson, Scarboro| "7S oocine characteriza-|ductions, and he will find the they've got it," the Local 222 Aquarium_Society, First PIIZE| 1. ons of these parts we can look| Orono One-Act Play Festival president said. No {for Egg Layers was won byl, =o gio an exciting produc- excellent training ground. Her Worship Mayor Christine Lili J Oshawa AN rion of "I Spy". The actors of "I Spy" are Thomas, oificialy openeq he Hum sSociely. 8, MATS. : in this cast i worki on the presentation|meeting, with Ladies Auxiliary | 3. Hitler, Oshawa and thild vas| Jniiied - Cmte. This ig the Racha crew [27 President, Mrs. Ethel Thomp- Norman Ysherwood, Stoufiville. is Harry's first appearance in|which includes Ray Langridge|son. Mayor Thomas took an ac- [the Ochawa and District Soci.|an Oshawa Little Theatre pro-|as stage manager, Alan Heath)tive part in the discussions. [he VShay 4 4 {duction in a number of years,|and Merv Jenkins in lighting, | -- |ety, said they were quite Sill ound, | Hope For Changes awa on Monday. rrr oTe---- Play Is Entered a visitor was won pleased with the exhibit this and from his previous perform- Des Bailey with. {year. Quite a large group of in- ances and direction we can|Marion Davenport in charge of | terested spectators were at the look forward to an interesting properties {portrayal of Mr. Frute. Kathy Barrie, one of the Oshawa, will be guest soloist for! told the court the evening. It is hoped that many teach- ers from Whitby, Bowmanville In other cases, William Burke, 30, of Toronto, was placed on| for of suspended sentence six false | nett was fined $25 and costs or one month in jail. ) Robert Smith, 11, a and Port Perry will be present,|/months on a charge Mrs. C. A. Naylor, president, |Pretences. It was testified Burke| . : . L COBOURG (CP) Stewart will preside. used a credit card, not his own, " - _ 10 buy some tires. Burke said|0ray, reeve of Hope Township, 4 ; Monday was elected warden of VISITORS AT ROTARY ne Con When Ye the United Counties of North- Visitors at the Monday meet- Anna Caruana and Violet umberland and Durham. He ing of the Rotary Club of Osh- Hanewich, co-owners of th e|succeeds Bruce Ashton, reeve of awa included Peter Harvey. of Vienna Delicatessen, 543 Ritson|Cartwright Township, who died Toronto and Rotarians Ross road south, were fined $10 and/in Edmonton Sept. 16 after at-| urison, of Pickering and Doug- costs for remaining open on a|tending the Canadian Good las Courtney, of Belleville. Sunday. |Road's Association convention. | ELECT NEW WARDEN from the Third Oshawa Cub Pack, was recently presented with his 14th Badge in Cubs at a meeting of the pack at Simcoe Street United Church hall. Until only a year ago there were only 13 badges that a Cub could possibly | attain. Now Robert is the only Cub in the pack to acquire | this many badges. Robert is Cub | EARNS 14TH BADGE the son of Mr. and Mrs. Rob- ert Smith, of 73 John street. He is a Grade 5 pupil at =. A. Lovell Public School. Miss Margaret Patterson, Akela of the pack, is seen as she presented the badge to him. The recent addition to the number of badges is that of pet keeper ~Oshawa Times Photo | booth and seemed to enjoy the In Divorce Bill restful nature of this exhibit! Mrs. Morgan will be played best prompters that any Little] : : , which seemed strangely out of by Barbara Lloyd. Barbara last Theatre production could OTTAWA P)Tie govern place with the noisy confusion | appeared in "The House of Ber- have, will prompt. ment now is studying par. that reigned outside the pavi-{narda Alba" as one of the, The Orono One-Act Play Fes- liamentary procedure on divorce lion. | Mayor Christine Thomas will {officially open the fair this "women in mourning" . She has|tival will be held at the Orono bills and hopes propose |also played Joanna Halliday in|Town Hall on Friday and Sat-|changes at' the next session, |"Book of the Month", afternoon. Judging of livestock, Parker in "When We Are Mar-| p.m. The convener of the festi- |and other exhibits started this|ried" and Nurse Cary in "Mir-/val committee is Mrs. Edward | ? lafternoon and should provide anda". The characterization for Samuel, and the adjudicator is/ment the Commons swept some strong competition in all which Barbara is best remem: Leonard Crainford. Tickets for|through second reading, or ap- provide still another attraction for visitors on both Tuesday | and Wednesday. Savage in "The |Savage" Annie|urday, Sept. 29 .and 30, at 8.15|Veterans Minister Churchill said Monday. | Immediately after his state- | op Harness racing will|bered is that of the zany Mrs. |the festival plays may be ob. vroval in principle, of all 353 Curious|tained from any member of the divorce bills that had been cast of the Oshawa Little Thea-|standing on the order paper-- Dorothy MacLean whose first tre production of "I Spy". (some of them for months.