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18 THE OSHAWA TIMES, Friday, Jenuery 25, 1963 { BUSINESS SPOTLIGHT Economy Growth Expected In 1963 By GREG MacDONALD Canadian Press Staff Writer |}; The Canadian economy may show only modest gains in 1963 but it enters the year with a stronger underlying growth and|trend in the external sector will] market, Thursday's session was undoubtedly have a cushioning) enlivened by several highlights. effect on domestic production! and employment. Complete re- moval of the temporary import tariff surcharges, which so far| through more seem to have played a useful) shares while slipping %4 to 365¢. role in accelerating the import|Terms of a takeover bid from displacement by exc luation, s | mee cuales "p gl thie | Wednesday. amounting to $37.74 trend." in an atmosphere of improved confidence, says the investment dealer firm of Greenshields Inc The company says that 1962 saw a marked expansion in business activity from the 1961 level and the cyclical upswing, reinforced by exchange devalu- ation, evidently helped the econ- omy to absorb repeated exter- nal shocks, ranging from the stock market break to the for-, eign exchange crisis, However, adds the company, tf it appears unlikely that the "purely cyclical forces will make a positive contribution to the level of economic activity in !tion shouid be mild and short- CUSHIONING EFFECT jing programs and the antici- comparatively small increases| Abitibi all gained in a 4 to %} | jin government and personal ex-|range. Toronto-Dominion Bank penditures on goods and serv.|fell 5g and Algoma Steel \4. Lively Day For Market In Toronto TORONTO (CP)--Despite rel- atively minor changes on index "Furthermore, the favorable for all sections. of the stock TORONTO (CP)--The federal department of agricultures weekly livestock report, re- leased Thursday, revealed trad- ing fairly active and prices steady for slaughter heifers and/| yearlings at the Ontario public stockyards this week, | Cow, vea! calf and hog prices} edged higher. Lamb prices lost) ground during the week. | Cattle receipts were 1,100 head more than last week and about 1,800 more than he same week in 1962, Western cat- tle receipts were 60 fewer than last week at 145 head. |. Slaughter cattle: Choice | isteers 24.50-25.50; fancy feedlot jfor each Atlas share. steers up to 27.30; good 23-24 In general, losses and gains|medium 20-22.50; common (15- on the industrial board were}. DIVIDENDS ved." Biggest industrial volume was recorded by Atlas Steel, racing than 100,000 bedi initiated) pi, Algom Mines were released More restrained public spend.) fairly evenly divided. Consum- ers' Gas, Dominion Bridge and ated lower level of consumer urable purchases will result in Brown Co, Ltd., common 10 cents, March 1,' record Feb. 4. |Weekly Livestock Report Releasea | canners anf cutiers 10-14: good |mon and medium 20-23; good. elke A We lh Moni 19; good heifers 23-24; choice 24.50-25.50; medium 20-23; com- mon 15-20; choice fed yearlings | 27-29; good 24-2650; good cows) 17-18, sales to 19.50; medium 15.50-16.50; common 14.50-15.50° heavy bologna bulls 19.50-20,50; few tops to 21.50; common and| medium 15-19. i Replacement cattle: Good calves to 28; common and, me-| dium 18-23. Calves: Choice vealers 35-37, odd tops to 38; good 31-34; me- dium 26-30; common 21-25, bon. ers 18-23, xan ik BE ata oy 'New Landmarks' ' On Stock Exchange MONTREAL (CP)--The Ca. nadian Stock Exchang eest: lished "new landmarks" in development during' the year, R, ©. Bulman, new chair-, man of the CSE, savs. © Mr. Bulman said 33 corpora. tions listed a equal number of stock issues for trading in 1962, compared with 29 cornorations and 30 issues the previous year. He noted greater interest in seats and said that, whereas in January. 1962, a seat sold for $9.500. the last sale made dur- some, light stockers 24-26; good stock|ing 1962 was $11,000. TRADE BOOST Australian exports to ma rose from $228,000.000 in to $418,000,000 in 1962. Hogs: Grade A 30.05 - 33.10; heavy sows 24.35 - 25.10; ligh sows gained a $2 premium: stags 17.50 on a dressed weight basis. Sheep and lambs: Good handy.| weight lamb. 25-25.50: com-, heavy lambs discounted at $2 Oshawa's Newest AUTOMATIC CAR WASH a hundredweight; good' lignt sheep 8-10; common. sheep 3-7 | ACADIAN CLEANERS Odourless Cleaning Shirt Specialists @ Pick-up and Delivery Service : ¢ © Drive in Service ©@ Same Doy Service Vaults on Premises PHONE 728-5141 299 BLOOR w. On index, industrials rose .10 NOW OPEN Corner of Stevenson Rd. and King St. (enter off Stevenson Rd.) Open Daily 8:30 a.m. te 6 p.m. Shell Handy Andy PHONE 728-9421 the your" |ices this year. ap hoeeedgry dea The most encouraging: pros-/to 600.44 and western oils 84) 99 quarter of 1962 when final de- pects, Greenshields Suggests, to 116.72. Golds dipped 16 to 10. mand for goods and services|" t© be found in the business/90.77 and base metals 15 to) Guaranty 'Trust Co., common held steady and while non-farm |5¢°!°r, where preliminary sur-|199.51. Volume was Tae cents, April 15 record March inventories were being accumu- veys indicate a year-over-year) shares compared with 4,190,000) 4, | Hlated at a seasonably adjusted | 2!" of some five per cent sn| Wednesday Lawson and Jones Ltd., Class Fate of crew of jrate of $716,000,000, suggest that;P/ants and equipment outlay. | Among base metals, Interna: A $1, Class B $1. April 1, rec- remained a |a levelling off in business' may| _ Capital spending programs in| tional Nickel fell %4 and Falcon-| ord March 15. |have occurred in the final quar-|the utility and manufacturing/ bridge and Consolidated Mining) Lietch Gold Mines Ltd., com- --AP Wirephoto |ter '"'as foreshadowed by the|Sectors appear to be the main|and Smelting ¥%4 each. Noranda' mon three cents, plus two cents via cable from Amsterdam | performance of sensitive eco-| Sources of strength. rose % and Hudson Bay. Min-/oxtra, March 15, record March |nomic indicators earlier in the| Rg Po ressonaiile to. edsumme | MS, os on | pein ess tibiae Wh his " i i -| year." that, for 1963 as a whole, | Speculatives were pace y; Silverw airies +» Class back to work and cut," he said. na mee, ay ee tees "It is worth noting in this|will record a gain -of about|Hydra Explorations, up 13 cents|A and B 15 cents, April 1, ree-| "The union men have igh tTP committees will make|connection that the 1961-1962 ex-|three per cent and at the same|at 41 cents on. a turnover of/ord Feb. 28. only the truckers and the job-| 1. they all have food and|pansion has generated little, if|time, the country's balance of| almost 550,000 shares. Lake Du-| Standard Brands Inc,, com- bers."" | their homes are heated, hejany, excesses in. the economy | payment position should show] fault continued its recent ad-)mon 50 cents (U.S.) March 15, }- The union would not sit by'said. and that the subsequent correc-'continuing improvement. vance, rising 20 cents to $6.65. |record Feb. 15. Coronation. Credit Ltd., pfd. cents, Jan. 31, record Jan. TOWING CAPSIZED SHIP down in North Sea. Standing authorities. on the overturned vessel are 499-ton vessel members Of the towing vessel mystery. which is alongside. Ship at right is one of Rotterdam port Aerial view shows Swedish tanker. Thuntank VII being towed toward Rotterdam, Netherlands, Thursday after be'ng found drifting upside Bush Strike Talks Begin In Toronto | Ve / ao Be a =F. fir ATON'S Representatives of striking bushworkers have left for Tor- OPEN FRIDAY (tonight) 'Til 9 onto to meet officials of Spruce Falls Power and Paper Com- Ordinarily 4.98! pany today under the guidance of provincial conciliators. But Joseph Laforce, president of the 3,500-member local of the Lumber and Sawmill Workers Union (CLC), said here Thurs- day he is 'confident there will not be a settlement reached to- morrow" in the. strike that has been going on 10 days. Mr. Laforce, who headed a) five-man union delegation, said the union delegates have no bar- gaining powers and will discuss} only matters of policy during the talks. If there was any sign of settlement, he would call for the union negotiating team. "I know the men won't go} back to work until the company signs a contract," the 38-year- oid local president said. "'It is R HS me : ; 4 A satet (oe Peter Pan collar. Long sleeved as simple as that." | \ ; - vet | : : with ribbed waist band. Soft JOIN WALK OUT j : : : . The union wants Identical a ' 3 : u "u . signed cupteacts trom Spruce] ages o : ; 4 : : warm "'Orlon'" that is hand Falls and its subsidiary, Kim-| , ees é 4 NC A washable. Choose red or corn- flower blue sizes 7>to 14, berly-Clark Canada Limited at White in sizes 7 to 12 only. Save 1.99! Maker's clearance of girls' sweaters! Features a Longlac, Ont. The companies have refused on the grounds of unfavorable markets and 400 Longlac bushworkers have joined 1,000 men here in a walkout. Meanwhile, Mr. Laforce said ""Phursday there is illegal traf- ficking in timber-cutting per-/ mits in the Kapuskasing area/| and demanded an investigation) by the attorney-general's and lands and forests departments. | Mr. Laforce said permits are| being bought by logging jobbers) for as much as $150. The per-| mits are granted to settlers by the lands and forests depart- ment for a nominal fee, allow- ing each holder to cut 100 cords Ff pulpwood for sale to the| Spruce Falls plant. J. S. Ball, district forester for the department, denied that! there is any but occasional Sales of the permits. In such eases, the permit is cancelled immediately. DENIES SETTLERS HIT Mr. Laforce denied a state- ment Wednesday by Mayor Norman Grant of Kapuskasing that 1,000 settlers, who cut wood independently during the win- fer, face starvation because they cznnot deliver the wood to the strikebound Spruce Falls plant. ""We want the settlers to go NET EARNINGS By THE CANADIAN PRESS Crown Zellerbach Canada Ltd., year ended Dec. 31; 1962, $13,100,000, $1.74 a share; 1961, $9,400,000, $1.25. Dow Brewery Ltd., year ended Oct. 31: 1962, $2,500,074: 1961, $2.906,633. Ready-to-Paint Sectional Furniture -- Finished At No Extra Cost t finish! Pieces are priced individually so you can pick and choose as you need them. Sectional Furniture--is so practical because it's functional, space-saving ond versatile. This clean-line contemporary design is made of selected hardwoods, has slim turned legs and brass-finished pulls. Sizes approx Filbert, Ci Sand or C EATON Special Price, 2.99 PHONE 725-7373 EATON SEMI-ANNUAL SALE PRICES, EACH 17 Gh L -- 4-Drawer Chests, sees se 24x 12x 36%....... M -- Large Bookcase, BOR TEE WN i es ve ee K -- Large shelf section, N -- 3-shelf bookcase, 48x 11x36" ...... 24x 12x 36" P -- Section with upper shelf and two-door cupboard below 24 x 12 x 36" bate H -- End-section with three shelves, 12 x 12 x 36" high J -- Corner shelf, 24x 24x36" .. EATON'S UPPER LEVEL, DEPT. 211 PHONE 725-7373 TROPICAL FISH SPECIALS Add to your collection at these Special Low Prices! EATON'S LOWER LEVEL, DEPT. 370 Young Men's 34 Length LAMINATED COATS Much Below Usual Price! 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