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16 THE OSHAWA TIMES, Tuesday, November 21, 1961 Today's Toronto Stock Market Listings 11 Net Sales High Low a.m, Ch'ge 100 $16 16 16 B $15% 15% 600 400 400 z15 $16% 16% \Farmers' Income |Sharp Drop Hit 12-Year Low On Market OTTAWA (CP)--Prairie grain, poultry-meat -- most of it in| By Dufault losses from drought this year|broiler chickens. In September, | depressed net income of Cana-|prices paid by processors at) i _, dian farmers to the lowest point/London, Ont., fell to a record! Re one it Ps ang yo bod ™ in at least 12 years, the agri-!low of 12 cents a pound. 'fault and widssnrend industrial culture department reported to-| "It is certain that if broiler! josses highlighted action on the day. , producers do not contain output|Toronto Stock Exchange Mon- Grain growers cut deeply into|within reasonable bounds, the! day, Volume was 10,980,000 stockpiles to maintain cash in-jindustry will continue to be in| shares com»ared with 11,803,000 come, and it will take favor-a chaotic condition." 1 Fri : Sats able weather to keep next} The report forecast slightly year's farm cash income at 1961' lower hog prices in the first leve |half of 1962, through hog mar- BIRTHS BERGSTROM -- Mr, and Mrs. Arnoid) Bergstrom of Whitby are happy to an nounce the safe arrival of another son, 7 Ibs. 3,07s., on Saturday, November 18, 1961, at Oshawa General Hospital. Spe (Quotations in cents unless marked $ cial thanks to Dr. Millian and hospita)'z -Od} lot, xd--£x-dividend, xr--Ex staff rights, xw--Ex-warrants. Net change from previous day's close.) BROUGH -- William and Johanna are proud to announce the birth of a U 4 daughter. Nancy, Marie, at. Oshawa INDUSTRIAL General Hospital, on Sunday, Novem ber 19, 1961, weighing 6 Ibs., 15 ozs. A Sales High Low a.m 100 $39%4 39% 20 $114 11% 805 285 TORONTO 11 A.M. STOCKS By The Canadian Press Toronto Stock Exchange--Nov. 21 je = Stock Man Bar Maraigo Macon 4 Maritime Martin Ms Maybrun McIntyre MeMar MeWat Mentor Merrill Minda Moneta Mt. Wright 4 Murray M Nealon 4 | Nello New Alger New Ath New Cal 4/N Harri 2000 New Hoseco 1500 New Jason 5000 4 Newlund 10000 N Mylama N_ Senator Nisto Nor-Acme Novanda Norbeau Normetal N Coldstrm Northgate Nudul Obasak O'Leary "2 Opemiska Osisko Paramaq 2 Paymast uy Petriess * Perron Pick Crow Placer 1% Preston Que Ascot % Que Chib 4 Qunston Quemont 44 Radiore Realm Rio Algom Rio Rup Rowan Cons Ryanor Sand Riv Bales 1320 1000 4500 500 1000 1000 100 3008 St oke Stock Gr Wes G Gr Wpg vt Gretning s | Greyhnd suar Tr Hardee Horne Pf 2 Hughes O A dur. Erie Imp: Oil Imp Tob "I Accep a I Ac wts Int Util , inter PL Int Stl P Inv Syn A Jamaica PS Jefferson Jockey ( Jock C pr Jock wts Kelly D 7, Labatt n ," | Lakeland * LO Cem Lau 200p Laur Fin A Levy Lob Co An LobC Ba LobCo. pr LobG | pr MacLeods MB PR M Lf Gard M Lf Mill * Mass-F Mass-F' pr Mass-F 5!4 Met Stores , Mid-West Milt Brick Molson A Molson B Molson pr Mon Foods *| Moore 'Nat Drug N St Nat e at a 32% 39 20% 29 Brew 1% | Westfair Ye Weston White Curb Asbestos Inv Payer Pont Pap inc 4 Maclaren MO Paper Ogilvie Price Br 39 $32% 5 $39 $20% $29 A 1 pr 3 $35! It Net eg n. Ch'ge 39 Stock Abitib Acad-Atl Alta' Dist AltaDis vt Alta Gas AltaGas pr AltGas B pr Alta Nat Alg Cen Alg Ctn w Algoma Alumini Alum 2 pr Anthes A Argus Arg 250p A St Wire C Atlas Steei Bank Mont Beay Lum Bell Phone Bowater Brazil Br Tonk BA Oj BC Forest BC Pow BC Phone Brockville Brooke pr Burns Burrard Cal Pow Can Cem Cl Fndry Can Malt C Pack B Cdn Baks Can v sister for Janet and Andrew, and a granddaughter for Mr. and Mrs. Alvin Foster of Whitby and Mr. and Mrs James Brough of Brooklin. Many thanks to Dr. Hull and Dr. Wm. Grant, 61 505 39 a4 720 1400 8500 509 1000 16000 5 5 300 165 «164 10400 50 7 £60 $23 100 122 39 33 2700, 1500 1000 2500 600 1200 'omb Met 'oniagas 'on-Key Bellek Discov Halli Con MS C Mogul C Morison 4 Con Nichol C Persh Cons Que Cc Red Pop Conwest Cop-Man Coprand Courvan Cusco D'Aragon eer Horn D'Eldona Denison Dome Donalda Duvan E Amphi East Sull El Sol Falcon Faraday Fatima Frobisher Geco Mines Genex Giant YK Glenn Uran GF Mining Grandroy Gunnar Gwillim Har-Min Hasaga H of Lake Headway +1 | Friday | Lake Dufault, after a 3% rise jlast week, dropped $1.20 to $9.15 eis, f jwith volume of 80,578 shares. These were among the key|ketings may be higher. Other speculatives fell as much points in a report presented to| Egg production is expected to/as 19 cents. a conference of federal and pro-irise, with resulting lower prices) The industrial decline saw vincial agriculture ministers--ajin the first half of next year.) widespread fractional falls meeting held each year to take|Export markets are also ex-,among refining oils, foods and stock of the farm situation. pected to decline. steels. Algoma, Dominion Cash income of Canadian} Potato production this year| Foundries and Steel, Investors *« farmers wili rise to an estim-|declined three per cent despite| Syndicate A, Weston A and B ated $2,896.000,000 this year|a six-per-cent increase in acre- and Dominion Stores all lost from $2,783,000,000 in 1960, the|age. But because of a large in-| between %4 and 1%. Bell Tele- department said. crease in U.S. produc tion,|Phone, Bathurst A and Power Gross income--adding on sup- prices next year aren't likely to| Corporation all reached new va plementary payments by gov- rise i highs in only moderate trad- ernments and what farmers use ing. from their own land -- would On index, industrials fell .09 + % vise t3 $3,315,000,000 from §$3,- to 606.85 and golds .51 to 87.58 3 (210,000,000. Base metals rose .15 to 207.70 But nearly $490,000,000 of this and westera vils .40 to 105.95. ~l2 income came from eating into Senior base mets, after farm-held food stocks, mainly early weakness, rallied near the Prairie grains. es close. International Nickel paced the egrcup with a two- 165 165 6014 60% 50 $52 51 zi0 $54%4 54 OILS 300049 200 195 2000 1500 665 B15 5 $6014 S4 % 34 50 $46 725 . $8% 600 375 225 1000 2170 350 350 FICE---Bill and Carolyn (nee Powell) wish to announce the birth of their son, 6 Ibs. 1 oz., on Sunday, November 19, 1961 at the Oshawa General Hospital A brother for Kim 2% 5 $1064 10644 720 $i9 «19 375 $24 24 250 999 980 425 S48%-- 48% 4 $284 28s +2% 48% All Rox Alminex Am Leduc Anchor i 4 4 2000 2666 1500 500 1000 200 535 2500 «12 2100 112 500 «16 4900 5% 2500 22 2200 «28 7666 13% 530 $10% 200 $27'4 17600 16% 4500 «14 2500 644 200 188 1500 6 560 869% 100 170 9500 30 30 2235 «611% it 100 $22% 22% 22'2 1642 18 + 107% 6 GLOWASKI -- Yom and anne A nee Oley) are proud to announce the birth of their daughter, Janet Mary, 7 bs. 10 ozs., on Saturday, November 18, 1961, at the Oshawa General Hospita A sister for Tim and Diane, Thanks to Dr. Mcliveen. 5 13 37 7 2 1 1 2 By 2 1 pr A 5% pr 50 $52% 400 120 185 $27 915 $69% z10 $3 1720 $5914 OO) $6T% 525% 120 164 6948 3 5844 6's $1! 244 4 $244 sr 2100 $11 450 $10 1700 $10 720 $50'4 zi0 $32 A 200 $23 961 $18% x12 $34 $! ~ 69% + 11 16 5 21 28 13 10% ary by 10 5014 32 23 1814 By) CS Pete Cent ri e "iC Ye Duvex Dynamic Fr Pete pr Gr Plains Home A Home & HB OG Long Point Marigold Medal Midcon N Cont 4.N Davies Nothcal Northid Pac Pete Pamoil ' Petrol Place +5 JERGENSEN -- Roy and Marg (nee McAdam) wish to announce the safe arrival of their son, Timothy Patrick, on Saturday, November 18, 196] at Osh awa General Hospital, Many thanks to Doctors McKay and Irwin, 4 1425 1000 1900 1500 10300 1750 1000 1500 500 11460 640 5 1955 100 7 17666 1000 500 100 4 22 2 13 10% 27% + 12 64 188 6 +2 -- -1 5 +3 Commissioner Urges Canada point loss tu 79%. Support U.K. With operating costs also ris- Go'd treding was light with sing, net income of Canadian) TORONTO (CP) -- Britain's Dome, ahead a point and Hol- farmers is expected to drop to recently - appointed high com-| linger 14 $986,000,000 this year from $1,- missioner to Canada, Viscount) Western oil trading was gen- ,, 358,090,000. This would be the Amory, told 2 press conference erally weak i» the senior list "\lowest since the government Monday his country will greatly amid rising prices. In the spec: 10 \started compiling net income Value any degree of support|ulatives, Southern Union gained LYNDE Jim and Wilma {nee rane), Ashburn, Ontario, are very o announce the safe arrival of , 7 Ibs, 10 ozs., on Thurs November 16, 1961 at Oshawa Gen. eral Hospital. A little sister "for Bryce, Lesiie, Jo-Anne and Lori, Many thanks to Dr. R. K. Miller. 5 - 4 2 -% 6081064 106 Ogg 1525 $9 188 6 6914 170 30 A 6914 170 5 4 1000 24 + 7000 «1844 MICHALOWSKY -- Mike and Carol 30009 «8 are pleased to announce the arrival of a son, Mark Joseph, 9 Ibs., 8 ozs., on Wednesday, November 15, 1961, at Osh awa General Hospital. A brother for Sandra +1 i0 INCOME WILL DROP 0 ': io -- Albert and Isabe! (nee thank God for the safe arrival Esther Elizabeth (8 Ibs. I'2 ozs.) on Sunday, November 19, 1961 at Oshawa General Hospital. A sister for- Alberta, Wenda and Phillip. Thanks to Dr. King and nursing staff MIDGLEY Overland p 00 700 pr Clark) 12000 3500. 1000 200 of Corp ® Quonto ' Pe 0 | Rock: Sapphire rte Rapid-G SOBCZAK -- Ed and Lorraine Kuzik) are happy to announce the safe arrival of a baby son, Edward Wil liam,.6 lbs., 13 ozs., on Sunday Novy- ember 19, 196]. Many thanks to nursing. staff on the fourth floor special thanks to Dr. Cuddy and NAMES ARE IMPORTANT: Choos ing ® name for your child should be a real pleasure ano others will want to 'know your choice. Name your child as quickly as possible and use the individua) name ip ar Oshawa Times Birth Announce nent Just our Classified Department, the facts, in cluding the and we will publish @ Notice in the next edition dial RA 43-3492 DEATHS BROUGH, Daniel T On Sunday, November 19, 196! al Sunnybrook Hospital, Daniel 'T, Brough, beloved husband of Rachel Brough and dear father of Jack, Bowmanville, Jean (Mrs. A, Nelson) Oshawa and William Toronto, in his 74th year. Resting at the Northcutt and Smith Funeral Home, 53 (Division Street North, Bowmanville Service in the chapel on Wednesday, November 22, at 2 p.m. Interment Bow manville Cemetery Just MORTON, Newton Entered into rest in the family resi- lence, 286 St. Eloi Street, Oshawa, On ta on Monday, November 20, 1961, beloved hus of Marjorie Olive Graham, and of Marjorie, Joyce, Janet and Donald, in his 46th year. Resting at the Armstrong Funeral Home, Oshawa with memorial service in the chapel) Wednesday, November 22, at 2 p.m, In-/ terment Oshawa Union Cemetery. H Morton, SCHIEDER, Alice Mary | After a short illness at the Oshawa} General Hospital on Monday, Novem- ber 20, 1961, Alice Mary Baylie (of 706 Athol Street, Whitby), beloved wife of | Francis J. Schieder, dear mother of) John and grandmother of Mrs. K. Mac- | Donald (Marilyn) of Whitby, im her} 42nd year. Resting at W. C, Town Fu-/ neral Chapel at Whitby for private ser- vice on Wednesday, November 22. In- terment Mount Lawn Cemetery, Osh awa. Minister the Reverend S, Arm- strong. Flowers gratefully declined. ACHILLINGS, Paula Wilhelmine | Suddenly, as the result of an aceident at Scugog Island, on Monday, Novem- ber 20, 1961, Paula Schillings, dearly) oved daughter of Mr. and M Hubert Schillings and dear sister of Frances Liesbeth, Hubert, Harry, Anne and Joseph. Resting at the chapel of Mc- Dermott-Panabaker. Port Perry. Mass of the Angels at the Church of the Immaculate Conception, Port Perry, on Wednesday, at 10 a.m Interment Roman Catholic Cemetery, Uxbridge LOCKE'S FLORIST Funeral arrangements and florai requirements for all occasions OSHAWA SHOPPING CENTRE 24 HOUR PHONE SERVICE 728-6555 GERROW FUNERAL CHAPEL Kindness beyond price yet within reach of all. 728-6226 390 KING STREET WEST GIDEON Bibies are a continuing me- morial. For placement contact funera) director or phone 725-2327 IN MEMORIAM HAYES -- In loving memory of a loving father and mother, who passed away November 21, 1956, and Decem be . 19397 Their loving faces we will see again, Though years have passed away Sleep dear ones, and take your rest Missed by us who loved you best Sadly missed by daughter Dolly, son in-law Jack and grandchildren. HAYES -- In loving memory of a dear father who passed away Novem ber 21, 1956 and a dear mother who passed away December 26, 1937 Though their smiles are gone forever And their hands we cannot touch, Still we have so many memories Of the ones we loved so much Their memory is our keepsake, With which we'll never part; God has them in His keeping, We have them in our hearts Lovingly remembered by Eva, Victor and grandchildren. daughter HAYES -- In loving memory of a dear father and grandfather, William Hayes, who passed away November 21, 1956 We often sit and think of you Of things you used to say and do; You live with us in memory still, Not just today but always will Always remembered by son Percy, daughter-in-law Mary and family. CARD OF THANKS CAMPBELL -- The family wishes to express sincere thanks to their many friends, relatives and neighbors for their kind expressions and flora) tributes during our recent bereavement. Also to Reverend H. A, Mellow, Doctor Spragge and the nurses of 2A4 at Oshawa Gen eral Hospital, General Motors and Loca! 222 and the CNIB. FORESTALL, Cora ~ Wishes to to thank Doctor Russell, nurses and floor girls on 2A, at Oshawa General Moapital, for their kindness and all who sent cards, flowers and other gifts; also Reverend F. R. Quesnelie for his calls, SCOTTISH AREA Kinross-shire in central Scot land became organized as county in the 13th century the' (nee ri ig Pp Con Bidg w Con Gas Corby vt Cosmos Dist Seas D Bridge Dom El D Fndry Dom Store Dom Ta Dom Text E Match wts Wares Paper Great West | | MAY QUIT POST Mrs. Elizabeth Rudel Smith, Treasurer of the Unit- ed States, may resign to } work in the re-election cam- | paign of California's Gov. Ed- i; mund G. Pat Brown, the White House said Monday. | Mrs. Smith has been a close political ally of Gov. Brown and was active in the 1960 campaign | --(AP Youth Is Guilty On Four Charges BRANTFORD (CP) -- Wayne Schott, 17, cf Simcoe pleaded guiliy Monday to a dangerous driving cha)ge resulting from a wild chase Nov. 12 in which three shots were fired He also picaded guilty theft, driving without a and false nces passed a werihless $20 cheque at a service station before po- lice began chasing him He was fined $15 and costs o1 ven days for driving without licence and remanded in cus tody to Nov. 27 for sentencing on the other three charges States To Rule On Jury Women WASHINGTON The United States Court, Wirephoto) to car cence He had se a (AP) Supreme with a bow to women who feel * their place is in the home ruled unanimously Monday that States may relieve women of jury duty unless they volunteer to serve Justice Harlan, delivering the dec said there has been an "enlightened emancipation of women over the years. But stili, he said, woman is consid ered to be the centre of home and family life We cannot he con tinued, "that it is constitution aily impermissible for a state acting in'pursuit of the general welfare, to conclude that @ wo- man should be relieved from he VIC duts jury ervice she her f i that such serwce is consistent jwith her own special responsi- bilities." ision, " say of unless AV ' WCOG w Bank * Wsburn valite Cem A * Stedman Stee! Can Prop. pr Suptest ord Switson Tor-Dom n 2500 2500 1000 300 Base Metal Baska Beav Belcher Bibis Black Bordula Bralorne « Buffad Buff Buff Fin B Fin 57 Lod Bay c Ank R 5 Lorado Lyndhst Hu-Pam Hydra Ex Inspiratn Int Moly Int Nickel Irish Cop Iso art Kopan ab Min Dufault 7 920 34 295 a7 $27 950 00 17084 9 . Osu 000 100 295 47 14 5 190 4200 18500 400 0500 120 4100 18% 100 330 46050 514 100 222 6000 6 2000 6 Lencourt Lexindin LL Lac 190 120 18 6 2 wts Macassa 3. Macfie Madsen Magnet Maneast 222 6 1 * Conference French Criticise To Explore Britain's Policy bel . STRASBOURG, France (Reut Education ers) -- Britain's policy toward the European Common Market WINDSOR (CP) A three-'was criticized by a French day conference to explore every;spokesman Monday as the six facet of Ontario's education sys- Common Market countries met tem begins here Thursday, to decide whether to take the Sponsored by the Ontario As- next big step toward political sociation for Curriculum Devel- 2¢ economic integration. opment, in association with 14. Jacques Vendroux, brother-in- other provincial organizations, aw of President de Gaulle, its theme is "the quest for ex- charged that Britain has been cellence in education." inspired oniy by economic con- a siderations and not by an The conference is expected to +f2yropean ideal" -- in its move attract more than 1,000 teach- tg gain membership in the Com ers, school trustees and inspec-' mon Market tors, textbook: publishers, de He said Britain must decide partment. of education officials whether to remain isolated with and representatives of most the Commonwealth or to be in- major groups interested in ed-' te ted into Europe ucation. They will hear several Britain "'will do everything in addresses and a panel discus- jts power to become a mem sion and participate in more ber. of the Common Market than 30 study groups said Vendroux, "while at the "Conference officials hope that; Same time trying to conserve a critical analysis will produce | @S much as possible of its com- a series of recommendations Mercial power which, when combined, "should, ,Vendroux's statement become a charter for the future Of Stiff bargaining by warned France i | voted ate 3 ds of o}ler 1¢ motion we of education in Ontario." The|0% Britain's bid to join the discussion groups will tackle Common Market. 'The French questions covering every aspect) St@%d seems aimed at opposing of provincial education, includ- British attempts to gain conces- ing the grade system, religious sions for Commonwealth coun instruction, bilingualism, hea!th| 'es and sex education, how long the PROBLEM LOOMS BCHOD} should care for slow West German onomics Min- earners and how to keep able ister Ludwig Erhard, chairman people in Canada. of the market's council of min The -opening conference ad-listers, told the meeting great dress will be made by Premier efforts will be necessary to anc Education Minister Ro- overcome opposition to taking barts the next step toward integrating A plenary session Saturday will bring together all the rec- $i 000 000 F ll t ommendations made in group ' ' allou sessions. Speakers will be Rev . C.: Le Bel, president of As Detection Planned sumption University of Wind- sor, Alastair Walker, professor OTTAWA (CP)--The federal of English at Queen's Univer- 29Vernment plans. to build a sity, Kingston, and Dr. J, B. "&¥ $1,000,000 headquarters for McLeish registrar of Carlton Huclear, _favout vahvoaelin College, Ottawa serv a works department official said Monday Work is expected to start . next year on the _ building ontract Suit at Confederation Heights, a new development of government of : bs fices four miles south-of the Is Dismissed ": BRANTFORD (ce) -- 4|. the olfictal said the building breach of contract suit against Will place all the activities of Peter M. Preston, managing the health department's radia- editor and co-publisher of the tion protection division under Brantford Expositor, was dis. °¢ roof This would include the missed Monday in the Supreme Scctions studving reports of ra- Court of Ontario. dioactive fallout and radiation : : exposure j Mi Justice JL. Wilson or At present the radiation divi- dered cost of the action as- ; vattnr . EES ' ; : sion is scattered in five loca- sessed against plaintiff Arthur ;.,. i the city Kelly, a former Brantford "OS around the city. alderman, Mr, Justice Wilson said he A id Di i found no cause for action in any vol Iscussion of ihe items in Mr, Kelly's 0 R 1 Y k statement of ciaim _ ver oya or I Suit arose from a 1960. TORONTO (CP) ty coun- contract between the twa men cil Monday rejected a motion to. produce and distribute doc, that would have involved -dis- umentary f:!ras.| The partner-| cussion of th¢ seven-month-long ship was ssolved by Mr,' strike at the Royal York Hotel. Preston Aug. 31 Alderman Michael Grayson Mr. Kells ting as his own moved that en early meeting be counsel, -- s¢ it $50,000 dam- held among the hotel manage ages and asked that the defend-;meni, leaders of the Hotel and ant be ordered to complete a!Club Employees Union (CLC), film called The Samaritans and|two outside representatives and a television film the board of control with the During the three-day hearing object of reaching a settlement. court was told Mr. Preston had Cour nst it 14 to n ted =m: thous ( am Allen said dollars in tie making of a out of order and called The Abbey of Monte Cas that tis proposal did not come sino and had realized gross re- within the board of control's ltirme af ante S148 Rt gaaaa the six. This step involves an important change in the coun cil's rules that includes a smal Surrender of national sover- eignth. Until now, all council de- cisions have had to be unani mous. But in the next stage of the market's planned develop- ment under the provisions of its charter a majcrity decision will suffice in three areas. They include the right of in dustries to set up businesses in other Common Market states | and harmonization of certain} legislation and transport charges The six members are West Germany, France, Italy, Bei gium, The Netherlands and Lux- embourg The Frerch government has made it clear that it will not agree to the transition to the next stage until the. six have first agreed 99 a common agri- cultural policy France is anxious to find out- lets for its excess agricultural production while West Germany, which protects its farm prices, wants to control imports of agri- cultural proriucts. DIVIDENDS By THE CANADIAN PRESS Fleet Corporation, 1334 cents, Dec. 15, record Nov, 17 General .Electric .Company, common 50 cents, Jan, 25, 1962, record Dec. 22. Imperial Tobacco Company of Canada Lid., common 129 cents, Dec. 29, record Nov. 30. Investment Foundation Ltd., six per cent pfd. 75 cents, com- mon 60 cents, Jan. 15, 1962, re- cord Dec. 15 Laurentide Financial Corpora- tion Ltd., Class A 15 cents, $1.40 pfd. 35 cents, $2 pfd. 50 Dec 30, record Dec. 8 Maclaren Power and Paper Company, Class A 19 cents plus six cents extra, Class B19 cents plus six cents extra, Dec. 29, record Nov, 24 Sheraton Corporation of America, 15 cents, Feb. 1, 1962, record Dec 29 Youth To Face Murder Trial ST. THOMAS (CP) Rob- ert Keith Abell, 17, of Belmont was committed Monday for trial on a charge of capital murder in the slaying Oct. 18 of McIver Darius Appleford, 53, a South Dorchester Township far-! mer | Mrs. Marion Appleford testi- fied at the preliminary hearing she attempied to take a .22-cal- ibre rifle away from Abell, her nephew, before her husband was shot. Appleford's bullet-rid- died body was found in the back of a pickup truck beside a barn on his farm Crown Attorney Gloin said the youth will be tried at the winter assizes of the Supreme Court in late Jan- uary or early February. Mrs. Appleford said Abell as working with her husband and Rona'd Lake on the farm the d of the shooting. He left at 6 p.m. but drove back to the} Papen pt Amt cents Peter J figures in 1949, The report noted trouble spots arising from surplus production in two other farm products -- butter and broiler chickens It indicated butter stocks at the-end of 1961 likely will total a record 201,000,000 pounds, an increase of 67,000,000 pounds from last Dec. 31. It forecast increased milk pro- duction' next year going into butter and said the current de- *\cline in butter consumption will continue if prices remain at present levels. If this happens, it said, but- ter stocks at the end of Sullivan +2 Sunburst Sylvanite 1000 2300 310 11800 117 3500 3050 9250 600 22 00 1 Tormont Triba Ult-Shaw Un Minda Un Keno Upp Can Vandoo +3 Ventures Waite Am Weedon Werner Willroy Wiltsey Wr Harg Yk Bear Zulapa Curb Bulolo 1000 1350 156700 200 100 500 106 3000 3614 +1 +3 2 pounds larger at some 280,000,- * 000 pounds. x +" NOTES JUMP 10 750 750 Sales to 11 a.m 416,000. Visitor Vehicles $3,000,000 Section Higher In Canada Of Highway Open OTTAWA (CP)--Foreign ve-| mpBURY (CP) Deputy hicles entering Canada on vis- Highways Minister W. itors' permits in the first. nine officially onened months of 1961 rose 5.8 per cent 4% - mile section of Highway to 6,084,390. compared with the} 01 near this town Monda same period last year, the bur-| eau of statistics reported today./phefore it wili be possible to Entries were higher than aidrive on Highway 401 from year before in all provinces ex-| Windsor to the Quebec border. cept Nova Scotia and Newfound-| The 515 - mile highway is sched land juled to be completed in 1963. BUSINESS SPOTLIGHT Speakers Attack Income Tax La By FORBES RHUDE \taxes, Canadian Press Business Editor wager MONTREAL (CP)--The Ca- against nadian income tax law, as now;same whether they win or framed, is slowing down Can- lose.' They would be taxed if ada's growth, it was stated at\they made a profit but it was Monday's opening -session of the doubtful if they could charge a three-day annual tax conference loss against income in future of the Canadian Tax Founda-| years tion Dr. Eaton directed his fire Three speakers attacked it on) principally at the graduated in- the ground that it dries up sup-|come tax, under which rates go plies of invesiment money; dis-|steeply upward as incomes in courages Canadians from invest-| crease. ing in Canadian projects; and; He said it is reasonable that prevents the creation of new) a man making 10 times as much jobs 'as another man should pay 10 They also stated that the high|times as much tax, but those rates are driving people to seek; with higher incomes should not ways of lega! 'tax avoidance| be penalized to the extent of which may et into unethical or, present rales, which run up to even illegal ground; and is oth-/80 per cent of taxable) income. wi: 2g that fre- j Seer y cin teoke te get at the| EXISTING RATE 'FRAUD! guilty, hurts the innocent | He termed the existing rate " Phe. i structure as "a bit of a fraud on The speakers were H. Hew-; has r ; ard Stikeman, Montreal lawyer| the | public and certainly mis- eading. "os pope gic pesd ped be While it was desirable that tional revenue: Dr. A. K. Eaton,|those who are impoverished former assistant deputy minis-|Should be taken care of, today ter of finance, now in private|a great many people in Canada practice as a fiscal consultant;| Who are protected by welfare and Trevor 'F. Moore, vice-)measures were not paying the president, Imperial Oil Ltd, tax share which they were ca pable of paying. CRITICIZE AUTHORITIES He said a fiat rate of 16 per Tax authorities, Mr. Stikeman'cent on all taxable incomes said, have acquired a "'balance-| would produce the same reve- sheet" state of mind, rather' nue as now is produced by the than one thinking of actual cash steeply graduated rates. profits Mr. Moore said the present This had resulted in wide- tax structure is penalizing in- spread inability to pay taxes on centive from the home owner to certain types ef profits because,|the iarge company. over the lasi few years, taxable Real economic growth, and income ofter bears little rela- jobs, could only come from cap- tion 'o real income. ital mvestment and rates should Individuals who have accumu- be adjusted so as to spur the lated some investment money, expansion necessary to provide after paying graduated income) permanent jcbs. in many cases will not it "where the risks them are almost the Ross, Knowles & Ce Lid. Members: The Toronto Stock Exchange The Investment Dealers' Association of Canada Monthly Bulletin upon request 25 ADELAIDE STREET WEST, TORONTO Oshawa and District J, A. Vivash -- Telcphone 725-8892 1962| as well could be another 80,000,000) ning It noted this year's 23 - per-|than is prudent with our spend cent jump in production of} J. Fulton a $3,000,000, He noted that the opening} m jleaves 137 miles to be finished , operations out of Toronto in fa- and turne¢ ing. By present trends, we have been spending more than we Canada can lend to Britain's,314 cents to 15% application for entry to the Eu-,over 189.000 shares ge ny Common Market. eee : : "xplaining some of the rea- * sons behind Britain's moves, he Police Call Off said his country needs more money with which to assist) Commonwealth countries. Search For Plane The high commissioner said| ERIEAU (CP) Provincial Britain has been spending bil-|POlice called off a search Mon- lions to help raise the stand-|Gay after fishing tugs found no ards of Commonwealth coun-|{tac? of a small airplane re- ' tries |ported to have exploded and "United Kingdom demands| crashed into Lake Erie Sunday alone are sufficient to use up| ight. all the money we have on hand| Fishery workers told police for this purpose," he said, "but,they heard an explosion and |we are helping other countries)5aW & flash of light shortly af- jter an aircraft passed low over- | "As Prime Minister Macmil-|head in a snowstorm. George |lan said, you can't invest, lend,| Kersey of Windsor said he saw lor give away a deficit, and we the vlane swoop into the lake, have really been going faster) i Ite Cole 8s BK: . Festival Ended are earning." A major challenge of Brit- $22,097 In Hole ain's propese) entry into the ay . . |European Common Market' is|_ STRATFORD (CP) rhe \that the industrial structure|Stratford Shakespearean Festi- will have to be altered to re-|Va! ended the season with a loss duce productien of some items/of $22,097, the Festival Founda- and there wil! have to be con-|tion was told Monday night by centration 9n other lines, President Wilfred P, Gregory. To keep up foreign and Com-| He said the deficit, which in- onwealth investments, Vis-| Cludes operating costs incurred |coun{ Amory said, Britain' must|When the festival remained open jtake advamiage of every maor ee -- ge en tan. jmarket in the world. \flected the decrease in the Can: -- 'ada Council grant. B ildi I d He said the grant was re- duced to $25,000 from $75,000 ul Ing ni ustry "ostensibly because of our great financial success last year." Returns To Work [rhe testivai had a profit of $64, WINDSOR (CP) -- Windsor's|°0% in 1960 building rong idle since| The finaneial statement mid - September, returned to|Showea an over-all revenue of work Monday. /$910,017 this season. . : Mr. Gregory termed the 1961 ! w two - y tive | oie net case ete season gratifying." Attendance Builders and Contractors Ex-| figures and total income |change and the eight unions in reached new highs. " 'volved in the combined strike|.. Michael Langham, festival ar- and lockout was ratified by un-|tistie director, said plans for ac- ion members at a series of|tivities in 1962 are being de- weekend meetings. layed poy eg hs are at the i imercy of the companies." The contract calls for a 30- Many top artists had film com- cent hourly increase, 10 cents of| --~ ae which will be paid now. The ed hell raga a and were not avail- mainder will be paid in four/@ble until the last moment. _ five - cent increases during the or a |2 Men Freed After The construction tieup started| | a when sheet metal workers and J electricians went on strike. Con-| Six Weeks In ail tractors said it was impossible) TORONTO (CP) -- Two men to plan further work with these;held in jail for six weeks on key unions on strike and closed|charges of rape and abduction all construction jobs. About 2,-; were freed Monday after a pre- 300 men were made idle. jliminary hearing. - Charges against Robert J. ' |Powers, 27, and Parry Taylor, Cut Toronto § 24, both of Toronto, were with- | drawn. | = Z | A third man. Marvin Carter, 'Sh e 25, was committed for trial. Ipping argo The charges involved a 47- lyear - old widow who testified TORONTO (CP) -- Canada/last week slie was raped eight Steamship Lines, biggest ship-|times bv the same man in four ping company using Torontojhours. She identified the man harbor facilities, will pull its|as Carter vor of the Port Credit harbor, cutting Torente's shipping cargo| NET EARNINGS by about 209,000 tons a year. | R. P. Henderson, district en-| By THE CANADIAN PRESS gineer for the department of) yy, Corby Distillery Ltd., year public works, confirmed Mon-|ended Aug. 31: 1961, $1,394,204, day that the compa ny has/$1,25 a share; 1960, $1,393,416, signed a lorg-term lease for fa-| $1 25 cilities at the smaller harbor in Toronto Dominion Bank, the west Torunto suburb. year ended Oct. 31: 1961, $7, Work on docks and breakwa- 561,007, $276 a share, 1960, ters, expected to cost about, $6,652.167, $2.77, (1961 share $2,500,000, is already under,earnings takes into account an way. Also planned are ware- extra 600,000 shares issued this house facilities. iyear) ie LIGHTESL wl isky in the world... vse ramet Lite en 2 eee fae Roe CanadianCbde % anadian Ws hash, ye ~Dashllled anal Swlilead wnaer Geamaaatran Severn mand Ayporvsssen. 4 OU? YUf/ 7 fi Suram Vather KG, Limile é Walkerville Onlave. Canada. BOTTLED IN BOND