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34 THE OSHAWA TIMES, Monday, Mey 6, 1963 BUSINESS SPOTLIGHT New Industries Assist Economy By FORBES RHUDE Canadian Press Business Editor New industries, springing into being in impressive numbers, are perhaps the best assurance of future Canadan growth. As Stuart W. Clarkson, dep- uty minister of Ontario's de- partment of economics and de- velopment, said at last week's opening of a new industry in the Toronto area: "This is the type of thing that will overcome most of our eco- nomic problems, This plant, multiplied many times, will solve Canada's balance-of-pay- ments troubles." The particular plant he was referring to is that of a new company, Canadian Heat Treat- ers Ltd., which will turn out a number of specialty steels not er, produced in Canada, ut it is only one in a succes- sion of new enterprises in re cent years--including such di- verse things a specialty ma- chinery, plastics and hi-fi equip- ment. Some were established under conditions which offhand didn't look favorable, except to the man or men believing in them, and a number have become success stories. While new companies are coming into being, the old and big ones -- judging by last week's reports--are doing very) {ij well too. STEEL PROFIT UP Steel Company of Canada Ltd. at Hamilton set records in ingot production and steel ship- ments in the first three months of this year, with the resul that its profit was up 30 per cent from the corresponding period last year. "The trend continues favor- able," the company states, "and present indications are that pro- duction, sales and earnings in S|the second quarter should be highly satisfactory." Hawker Siddeley Canada Ltd. plans capital expenditures of $21,000,000 this year and about the same in 1964, comipared with $6,700,000 in 1962. This in- cludes expenditures on new steel facilities in the Montreal area for Dominion Steel and Coal Corporation, a Hawker Siddeley subsidiary. General Motors of Canada says its long-range forecasts in- dicate that the automobile mar- ket in Canada will grow by 30 per cent within the next eight years, Under an expansion program |int now under way at Oshawa, Ont., General Motors is increas- ing production capacity for all Now Many Wear With Little Worry ' gs talk, iy Bnd eos epping, | il ear 0! ranaerre teeth dropping, wobbi: Parpping: |i holds pines firmer and more com- of reserves. Maes of Md expects 10. star] sis has yet to be repaid out da and expects to start pr a a number of cars now Other developments last week imported, including the Buick included: Special and the Oldsmobile F-85, British Columbia Hydro = Power Authority announced the Ford Motor Company of Can-|letting of a $73,558,648 contract ada says retail sales of its cars|for construction of a dam on and trucks in April totalled 'a|the Peace river. record 15,647 units surpassing e previous record April figure Quebec Hydro says it now is the legal owner of all main com- th of 15,647 in 1953, Dealer demand|Panies distributing electricity in company states, calls for . The effective expropri- th préduction of 18,266 cars and)4tion date was May 1. tracks in May--a "record for the] Premer Smallwood of New- t/ month, Shifting of injvest ment money in Canada continues. McIntyre Porcupine Mines Ltd., big both as a gold producer and as an invest- ment company, has about $36,000,000 waiting for an attractive place to settle. money -- invested for the time being in short-term pa- per -- comes from sale of MclIntyre's interests in Am- erada Petroleum Corpora- tion and Mattagami Lake Mines, Canada's foreign ex- change reserve rose a fur- ther $71,300,000 in April to a record $2,671,400,000, The sum of $300,000,000, bor- rowed from the Interna- . tional Monetary Fund dur- Pos last year's exchange cri- foundland announced that East- ern Provincial Airways, a New- foundland air line, has bought Maritime Central Airways, making Eastern the fifth lar- gest Canadian air line. No price was given. ACADIAN CLEANERS Odourless Cleaning Shirt Specialists @ Pick-up and Delivery Service © Drive in Service ©@ Same Day Service Vaults on Premises PHONE 728-5141 299 BLOOR W. ae YOU WHO NEVER FINISHED 4 are invited to white for FREE booklet. Tells how you can earn your FALSE TEETH 5 By High Schoo! Diplons. HOME IN YOUR SPARE TIME . AMERICAN SCHOOL, Dept 0-17 100 DUNDAS STREET Please Send me your FREE High fortably. gies pater dais or ening. fF] NAME 0a bbe ba bob ee ¥, goney, or feeling. "t cause Lengel It's alkaline non-acid late odor" ADDRESS (non-acid), Checks oie a (denture breath). Get F. @ny drug counter. DESERONTO. ONTARIO School Booklet -- Ne Obligation. 'ibaa tases MAE ax PLEASE... DON'T BUY A s10 TIRE -----@-- Many tires are being advertised today for pennies above or below 10.00. This figures out to less than 50 cents a pound . .. which is about what you have to pay for ham- burger. We urge you to think about this comparison when you have to buy new tires for your car. You ex- pect them to perform for many thousands of miles. And of course you expect them to protect you and your family all the way. Expensive materials of many kinds go into a safe tire, Skilled man-hours are needed to build them. How do you do all this on a tire priced down with a hamburger? You take it out of the tire. Most people who buy $10.00 tires "Don't expect too much'... but how do you know what emer- gency to expect when you are driving on them? All the reputable manufacturers offer standard brands of quality that you can buy with confidence. We urge you to buy ours or theirs, but not to buy one for $10.00. We will be glad to show you the difference. If you are interested, we will show you how a payment of $10 will put you on a set of four, strong, safe Generals, with terms to suit your convenience, Shifts and Sheaths to charm the fashion-minded! A. Plain! Striped! Checked! Take your choice or have all three! A coat dress sheath with the dash of saddle stitching and two no. velty skirt pockets, Plain in black, tan, pink, blue; striped in tan, grey, blue, pink; checked in pink, aqua, yellow. Sizes 12 to 20, EACH C. Glamorous 'V' Back adds charm to linen-textured rayon sheath. Faggot stitching and fringed tie belt. Pink, blue, na- tural, mint. Sizes 12 to 20, EACH 4.98 Shift Simplicity with the con- trasting fashion note of a two- toned tie belt. Smooth-textured cotton in yellow, aqua, pink, tan, black with white in the belt, Sizes 10 to 20. (not illustrated). EACH EATON'S UPPER LEVEL, DEPT. 341 PHONE 725-7373 "HOSTESS SHOP" DELICE & CHES AT SPECIAL VALUE PRICES! oD ig Gotten Hie Hendy Dask dams. Set of four 6-0, tins in mormslode and isa eaten same 1 a GS aaa 4 v= 99 EATON'S MALL LEVEL, DEPT. 579 PHONE 725-7373 Peek Frean's Roman Biscuits --2-lb, 2¥2-0z. tin of Prcrene assorted tea biscuits, EATON Special Price, each ... Meker's Special Introductory Maggi cream of veal soup. san temo -29 package! SPECIAL, Heady Organza ' LS. .. i eB. Small, level-on-the-brow hat softened a itt > j with a drift of matching veiling over t { i er rows of dainty rayon organza petals. Cool, airy and frankly feminine .. . in ONLY TWIN-TREAD TIRE IN THE LOW-PRICE FIELD a range of four attractive costume YOU CAN HAVE THE LUXURY OF PREMIUM QUALITY AT LOW PRICES! shades: black, navy, beige or white. GENERAL'S EACH { 98 DOUBLE | ae GUARANTEE EATON'S UPPER LEVEL, DEPT. 204 PHONE 725-7373 1. Al Generet Tires ere d against defects In workmanship ond materials for the life of the tire. . i | Visit EATON'S i: im "||| rite MOTHER'S DAY GIFT CENTRE for your used tire 7.50 x 14 or 6.70 x 15 5.00.. more For your used tire 8.00 x 14 or 7.10 x 15 6.00.. more tot sent wool tee 8.50 x 14 or 7.60 15 8.00... more for your used tire 9.00 x 14 or 8.20 x 15 9.00.. more fent prices at time of adjustment, @LONG-MILEAGE ODESSA RUBBER Per Tire On the Mall Level . . . for one-stop gift-shopping! If you can drive in on your old tires you'll get $5. to $9. depending on size ° + + even more if they're better than average condition. Name your own terms and let's do business now! GENERAL TIRE of OSHAWA A Division of The General Tire and Rubber Company of Canada Ltd. 534 RITSON RD. SOUTH PHONE 728-6221 Here's where you'll find a host of gift suggestions . . . pretty, personal and practicalf We've col- lected an interesting array from all around the store (in a wide price range to suit every shopper) . and concentrated them in a special area for your shopping convenience. Among this care- fully selected assembly are: exquisite glassware and china; exceptional wood-carvings; hostess accessories; gift-lingerie; luxurious blankets; and much, much more. » EATON'S GIFT CENTRE, MALL LEVEL Store Hours: 9.30 a.m. to 6 p.m. Monday to Saturday. Open Friday Nights until $