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Oshawa Times (1958-), 2 Apr 1964, p. 12

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<2 Sk ae it a ae 12. THE OSHAWA TIMES, Thursday, April 2, 1964 BUSINESS SPOTLIGHT Bell Sells Stock By Mail MONTREAL (CP) -- When Bell Telephone Company share- holder John Doe decides to buy some of th ecurrent issue of Bell capital stock, he fills out a form afd mails it with his cheque. About two weeks later he gets his stock in the mail, It's as simple as that. But it's only that simple on the surface. Since last Decem- ber, computers have been click- ing, phones ringing, and Bell's employment office has been busy. That is when detailed plan- ning began for Bell's offering of 2,233,795 shares at $38 each to shareholders of record Marc 26. mi The issue is designed to raise approximately $85,000,000 and the company says proceeds "will be used to finance the extension and improvement of the company's services and for the general purposes of the company." Bell estimates expenditures for new telephone facilities at $231,000,000 this year and $238,- 000,000 in 1965. The behind-the-scenes prob- Orders of a downtown Montreal build- ing--had to be found. Then there was office equipment, even paper clips. Equipment obtained for handling the issue includes 717 desks and _ tables, 100 typewriters, 141 adding ma- chines and 142 filing cabinets. Printing supplies had to be procured, More than 3,000,000 circulars, forms and the like were printed and either for- warded to shareholders or kept for use within the company. It is the 13th offer made by Bell since the Second World {War, but not the highest in aumber of shares offered. In 1959, 2,606,935 shares were of- fered at $33 and with a 99.47- per-cent subscription the com- pany raised $85,568,538. The last offer was in 1962 when 2,011,654 shares were offered at $39 ard a 99.41 - per - cent subscription produced $77,990,328. _ NET EARNINGS | By THE CANADIA NPRESS |met would be governed by the the one-man commission 'a smaller pesion |would have received if they had |served until retirement age. Casualties Of Unified Force May Get Cash OTTAWA (CP)--The defence department 'is. considering a plan to make cash settl t ae eS PY QUEBEC (CP) -- The Que- bec royal commission into the Coffin murder case today takes a close look at a p.2re of evi- to members'pf the armed forces who will be/forced to retire be- fore reaching retirement age by integration of the services. A defence department spokes- man said Wednesday that the plan still is in a tentative stage. A firm decision on how the plan will work will not be made until present proposals have been sifted by treasury, board. Under the service integration plan announced by Defence Minister Hellyer, some - 10,000 service personnel will become surplus over the next three years. During this period this figure |will be reduced by attrition-- deaths, normal retirements and personnel leaving the services on their own initiative before reaching retirement age. For the balance who will be forced to retire, the idea is to give them a cash settlement to compensate. them for the fact that they will be retiring with than they The amount of cash settle- dence possibly never closely ex- amined at the trial of Wilbert Coffin in 1954, It is a picture showing a Gaspe woodsman standing in a clearing, ringed by tall birches, holding an object that might be a pistol--or anything eise. The picture, and a batch of others, were entered as evi- dence Wednesday by Francois Gravel, counsel for the Coffin family and one of the defence lawyers at the Coffin. trial. | Under questioning, Inspector |Maurice Hebert of the Quebec Provincial Police indicated the jpictures hadn't been thoroughly jexamined at the trial. Mr. Hebert was asked |whether he knew what the un- jidentified man in the photo was holding. Was it a pistol? Inspector Hebert couldn't say. He told the court he had found | Frederick Claar, 20, one of three |Pennsylvania hunters slain in 1953. He developed the pictures and they were entered en bloc as evidence at Coffin's trial Coffin was hanged for murder Feb. 10, 1956. Mr. Justice Roger Brossard, then Fargo Oils Ltd., year ended|amount of pension to which a'asked whether tnere weren't | Dec. | $295,065. nd his age and consequent 31: 1963, $500,891;. 1962,|serviceman will be entitled at/methods to make the object in jearlier than normal retirement|the man's hand more visible. thece cited Coffin Commission Views New Evidence Lindséy, 47, and his son Rich- ard, 18, with several Gaspe men. Inspector Hebert was unable to say whether the same man appeared in both pictures. Trading Up On Market TORONTO (CP)--Speculative trading pushed the volume up while prices advanced in most sectors on the stock market Wednesday, American Leducs was the most active speculative issue with a turnover. of 395,090 shares, up 7% cents to 35 cents. On the industrial board, char- tered banks led the advance, Montreal ahead one point to 62, Nova Scotia % to 68, Imperial Bank of Commerce % to 61% and Royal % to 72%. Canada Steamship Lines gained one point to 58%, Osh- awa A % to 44% and Distillers- Seagrams % to 5414. Automotive issues were the main losers, with General Mo- WAXED CONTAINERS TORONTO (CP) -- Officials of the Canadian Association of Consumers and the trade and commerce department issued) differing statements Tuesday about tests made by the CAC of waxed liquid containers. Mrs. P. G. Carrier, president of the Humber branch, CAC, said the weights and measures division of the department pro- vided a calibrated bottle and sent a man to oversee testing in which 13 of 21 40-ounce con- tainers sampled were short- filled, R. W. MacLean, director of} said in a telephone interview from Ottawa that the depart- ment supplied a marked 40- ounce container but nothing) else. "The ladies went on from there," he said. | The' CAC report was made| public Monday and covered two} surveys conducted two weeks) apart in Toronto stores of con-| tors down 2% to 86% and Ford U.S. 1% to 57%. Du Pont fell one point to 45%. Falconbridge advanced one point to 6744 and International Nickel, to 82 in senior metals. Lake Dufault fell 5% to 10%. The index was tainers labelled to contain 40; ounces. The argument over wax con- |tainers reached the floor of the |Commons Tuesday when Indus- \tries Minister Drury assured \Barry Mather (NDP -- New | Westminster) that the trade de- | chines Contents Split Two Officials found the industry most anxious to correct anything that's wrong." HAVEN'T PROSECUTED He said there had not been any prosecutions for short measure to his knowledge. In- spectors check samples at ran- dom. Variations in measure can be caused by defects in a filling machine, or by evaporation or changes due to temperature. Dairymen adjust their ma- to give slightly over measure, and check their meas- standards for the department,|ure daily; said John Lawrence, spokesman for the Ontario Milk Distributors' Association. He said distributors now are anxious to have tests made im- Ronald W. Bilsky, D.C, CHIROPRACTOR Slipped Disc Nervous Stomach 100 King St, E. 728-5156 mediately * under' government|tion, said Tuesday in a supervision, and added: "'We're|phone interview from Lon very concerned about this." Ont., that occasionally an Robert S, Wilson, Canadian|matic filling machine can representative for the Pure-Pak|its accuracy because of an division of Ex-Cell-O Corpora-lator's carelesspess. CARPET COMPANY 282 King W., Oshawa @ Tel. 728-6254 Oshawa's Rug and Carpet Centre Broadloom-Tile-Linoleum professional Inspector Hebert said were. He was told to use them to produce a better image for the commission today. lems in making the operation| Westeel Products Ltd., year|@ exchange run smoothly are multiple.jended Dec. 31: 1963, net loss,|® Some 615 persons--about 500 of/$178,000; 1962, met profit, $303)" ~~ them, mostly women, hired for|239. year ended Dec. 31: 1963, $70,- bility to obtain a job. ahead .63 to a record 136.89,|partment would. be glad to co- industrials .71 to a record| operate in measuring milk prod- 146.06, western oils .24 to 87.23,|ucts and juices in various cities. the purpose from outside the| Oglivie Flour Mills Co. Ltd.,.179; 1962, $143,063. Mr. Gravel also pounied company--will work an average|six months ended Feb. 29: 1964, Canadian Refractories Ltd.,.away at the relation betweun of five to six weeks on the pro-|$1,769,225,° 44 cents a share;/year ended Dec. 31: 1963, $1,-/the lone man and.a figure in ject. 1963, $899,682, 26 cents, |310,872, $1.31 a share; 1962, 1,-|another of the photographs Office space--on three floors} J. S. Mitchell and Co, Ltd.,'380,051, $1.38. which showed Claar, base metals .03 to 67.22 and) golds slipped .03 to 132.70. Vol- ume for the day was 5,749,000 shares compared with 5,129,000 Eugene!Tuesday. Dr. H. E. Woodward, regional director of the health branch of the Food and Drug directorate, which normally measures liquid food samples, said: "We've \ A STARTLING OFFER TO INTRODUCE NEW 2-PLY FACELLE~ Ifyou can find a better 2-ply facial tissue 'We will pay you $1,0002 Webelieve new Facelle' is the finest 2-ply facial tissue ever made. 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