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} BUSINESS SPOTLIGHT Camping Craze Affects Buying BANFF, Alta. (CP) -- Tour-|are, they're passing by the im. ist patrons of posh hotels and/port clothing and china shops, motels still are keen on sartor-| 'You might say the camping ial elegance, but their numbers|fad is a great class-leveller," are decreasing because of a con-|he added. tinent-wide camping eraze, says|BLAME CURBS the owner of an import clothing) Other merchants feel the U.S. store in this Rocky Mountain|government's setting of restric- resort town, \tions on duty - free merchand- The camping craze also hasjise during the last two years affected the buying habits of/has curtailed American buying. tourists, he said. | The fall of 1961 saw the duty- Patronage this year at atifree level lowered to $100 a per- least two of Banff's more eX-/son staying in a foreign country pensive tourist inns is reported|more than 48 hours. It had to be down. lbeen $500. Trading Rises Prices Drop On Tuesday TORONTO (CP) -- Investors regained a little courage as trading rose almost 1,000,00 shares over Monday, but prices slipped as the industrial index fell more than 114 points on the stock market Tuesday. The New York market was down slightly on slack trading and the Toronto industrial index | followed suit, down 1.63, Other) sections changed fractionally. Walker Gooderham fell 7%,} Moore Corporation %4, and Abi-| tibi, Aluminium, Calgary Power} and Canada Cement 1% each| among: industrials. | On the plus side Canadian} Collieries rose 4, Algoma, CPR| Canada Council Cuts Its Grants LONDON, Ont, (CP). -- The)$233,000 were announced, This chairman D, B. Weldon told a Canada Council Tuesday an-/represents a reduction of about nounced a cut in its grants this/$40,000 from the total last year. budget for the current year is year to orchestras and theatres resulting|from those to two new theatres|it was last year. Because of this from the virtual exhaustion of|resulting special attention at the}our budget for the arts, for in- its $700,000 reserve fund. Grants to orchestras totalling] velopment, total $194,600--down|close to eight per cent." MORE SAFETY ! MORE MILEAGE! BEST GUARANTEE! $25,290 from jast year. Applications from five com- munity orchestras and several theatre companies for grants had to be turned down com- pletely. "There are no more left-over funds in which to dip," council press conference. "This means that our total Grants to the theatre, apart]/something like $125,000 less than current critical stage of their de|stance, has had to be cut by The ent came at a time when iw Di ae OPE RE eh a Re hy THE OSHAWA TIMES, Wednesday, August 28, 1968 19 the council "already has been under steadily increasing pres- sure to provide more assistance to an ever-growing list of appli- cants,"' Mr. Weldon could "'only say that this situation is being given close attention by the council." The federal government estab- lished the council in 1957 with $100,000,000 in succession duties from two estates, with the in- come from one half of the total to be used to promote the arts, humanities and social sciences through scholarships and grants and the other half te assist uni- versity expansion in Canada. Because the council did not spend the whole of its first year's income in the first few months of its operation, there "We need more money," said Mr, Weldon, adding that "'it's going to be frightfully difficult' to raise it in sufficient quantity to meet the burgeoning demand for more aid. resulted a carry-over of about $700,000 into: the second year. This was regarded as a reserve DIVIDENDS fund upon which the council was free to draw for the purpose of augmenting the annual income it realized from return on its By THE CANADIAN PRSE Power Corp, Ltd., common 6% cents, Sept. 30, record Sept. investments, AND THE LOWEST PRICES IN TOWN! t The reason, said the clothing| merchant, is that each day in the summer, aout 15,000 camp- ers roam the streets of this tour- ist centre, dressed in sneakers| and blue jeans and ignoring the} richly-woven imported garb in window displays. | A bank official said the com- petition of European and Carib- bean caterers to the wealthy American tourist is being felt by Banff merchants. LESS U.S. SPENDING He also ponted to a slight de- cline in the flow of United States currency here, but declined to estimate a percentage figure. Most merchants agree that the influx of more campers and) tourists in the area has been accompanied by a decrease in the number of big spenders. Another merchant said the in- crease of Canadian travellers . over American travellers since the opening of the Tans-Canada) Highway may have caused a| decrease in specialty shop buy- ing. "This is the first year we've been able to gauge the effects| of the highway," he said "There may be all kinds of well-to-do tourists bitten by the camping bug . . . but if they NET EARNINGS By THE CANADIAN PRESS Charles E. Frosst and Com- pany, year ended May 31: 1963, $693,555, $1.31 a share; 1962, $722,454, $1.36. Three Refineries Cut Sugar Prices | MONTREAL (CP) -- Three major Montreal sugar refiner- jes Tuesday reduced their re- fined sugar price by 20 cents to $10.60 a 100-pound bag, their 60th price change since the be- ginning of the year. The companies said the re- duction reflects lower world raw sugar prices on the London|Tribune, Stouffville, Ont. market, Last week, reductions total-/McIntosh, North Battleford, Sask., News Optimist; William ling 45 cents were made. In May of this year, the fig- ure was changed to $100 whole- sale -- calculated im retail buy- ing at $166.66. Another merchant said al- though the so -called luxury hotels have increased their prices, the service isn't as good) as it was 25 years ago. | A camera shop operator said business has never been better and Industrial Acceptance % and Dominion Foundries and Steel 14. B.C, Power advanced %4 to} 4% in anticipation of a settle-| ment between the company and/ the B.C, government. Trading) on the stock exceeded 6,000; shares. | Royalite rose % to 14% after reaching a high of 14% on light} trading. B.A, Oil Monday of-| for him. "It doesn't matter whether) they're rich or poor, American} or Canadian . everybody | takes pictures when they're in| the mountains." CNR President | Re-Elected At Meeting George Tatham, publisher of the! | In speculative mines Dicken-| MURRAY BAY, Que. (CP)--| son fell 10 cents to $6.30, Akait- | fered to acquire the remaining 320,000 outstanding com-) men stock shares of the com-/ pany at $13 (U.S.) a share which it did not acquire through its offer in October, 1962. Bank issues opened weak, but) made gains during the day. | Nova Scotia closed down .% and Montreal up . | Falconbridge, Interna-| ticnal Nickel and Noranda all gained % among senior base) metals. Firestone PRE-LABOUR DAY TIRE SALE cho Yellowknife five cents to 72) Listowel, Ont., Banner, has been|cents and Windfall one cent to) a \re-elected president of the Cana-|35 cents. Cusco was up one cent} dian Community Newspaper|to 15 cents. Lake Dufault closed Representatives. Mr. Tatham was re-elected at a meeting in Montreal Monday | night prior to the group's sail- ing for Murray Bay where the! |Canadian: Weekly Newspapers|cents to $4.25. | Association is already in session| On index, industrials were at its 44th annual convention, The Canadian Press errone-|95 99: base metas .03 to 204.99 ously reported Monday night that Mr. Tatham had_ been elected president of the CWNA. It also erroneously reported that the new executive and di- rectors of the Canadian Commu- nity Newspaper Representatives had been named to those cate- gories in the CWNA, John Sancton of the Montreal Monitor was named vice-presi- dent of the Canadian Commun- ity Newspaper Representatives and Werden Leavens of the Bol ton, Ont., Enterprise secretary- treasurer. Elected to the executive com- mittee were Claude Martin of La Parole, Drummondville, Que.,and Charles Nolan of the Directors named were: Irwin even at ity. On the Foreign Market, Mas-| lsey Ferguson was quoted at} $14 and Steep Rock slipped 35) 'NOW just in time for long weekend driving... genuine savings on Canada's strongest, longest wearing tires. Choose your type . . . name your} 'price! We're accepting any reasonable offer dur- ing this 5-day event. En WATS ueY wa MAKE YOUR DEAL SIZ THIS WEEK SURE! EVERY TYPE SALE PRICED! Sale Ends Saturday Tubeless © Tube Type @ Nylon at 6:00 P.M.. 7.75 after early activ- |down 1.63 to 615.81, golds .43 to and western oils climbed .41 to| 114.65. Volume for the day was| 2,757,000 shares compared with) 1,978,000 Monday. | Seek To Remove | Gas From Ontario CALGARY (CP)--Trans-Can- ada Pipe Lines Limited has| filed an application with the Al- berta Oil and Gas Conservation Board requesting a permit for the removal from the province | of 3.148 trillion cubic feet of nat-| ural gas. This would give Trans-Canada | authorization to remove a total) of 9.64 trillion cubic feet--in-| cluding the 6.792 trillion cubic/ feet under its existing permits| --over a period of approx-| imately 25 years. Rayon @ Blackwall @ Whitewall On Jan. 1, the price was $9.10|Telfer, director-general of the and subsequently increased 38|group; Marc Fortin, St. Jerome, times and decreased 22 times.|Que., L'Echo du Nord; Cec Last May 23,the price was the|Hacker, Abbotsford, B.C., News, highest since 1920, $17.75 a 100-|and Arvid Lundell, Revelstoke, _--Additional gas is required to| meet the rapidly growing needs | of the Canadian market areas| served by Trans-Canada, says pound bag. \B.C., Review. the application. Premium @ Retreads @ Used tires FOR PRICE SAKE NO WHERE ELSE IT'S Your old tires are your down payment! "Charge It" TAKE MONTHS TO PAY ON OUR EASY PAYDAY BUDGET PLAN OSHAWA DISCOUNT HOUSE | BOYS' DESERT BOOTS Size 1-5. Back to School THIS WEEK 9.11 PAIR e END-OF-SEASON CLEARANCE! e 3.88 Seance ON ELECTRIC B'B'Q. 10.88 CLEARANCE ON LAWN SPRINKLERS. 3 88 f] CLEARANCE ON SLEEPING BAGS. FROM ; CLEARANCE ON TENTS. a OR a oe CLEARANCE ON LIFE JACKETS. FROM CLEARANCE ON B'B'QUES Hundreds of Clearance items from our Summer KING ST. W. at GARRARD RD. Open Daily at 10:00 A.M. OPEN NIGHTLY TILL 10 P.M, EXCEPT SATURDAY, 6 P.M. "Oshawa's Original and Only True Discount House"' DISCOUNTS ON EVERY ITEM FROM CLEARANCE O FROM . 1.88 CLEARANCE ON 42" x 42" SWIM POOLS stock at discounts up to 80%. FOR BACK TO SCHOOL. .. CLOTHES SHOES, ACCESSORIES, and all the supplies needed for school. with lids -- "GALVANIZED" Compare 4.95. For Price Sake GIRLS' BULKY KNIT SWEATERS 8-14. Ass. colors. FOR PRICE SAKE 9.22 THIS WEEK COMPASS FLASHLIGHT with Batteries FREE SCHOOL BOOK N WATERING CANS 1 44 ' r) Sturdy metal case with unbreakable poly head. Compass is easy to read i les Nothing to buy ... 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