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STOCKS AND FINANCIAL REPORTS STOCK MARKET TORONTO 10:40 AM. STOCKS Distributed by CP 1- jot, Stock Acme Gas All Pitch AAm Moly Ang Ruyn Ang U Dev Armore A Arcadia Camp Chib Can Keely € Lencourt € Malart Cantre Cassiar Cent Pat C Morrisn Con Nichol C Red Pop Conwest Coprcorp Coulee Cowich Craigmt Crowp Daerg Deer Horn D'Eldone Deihi Pag Dunraine Bast Sul! Fiwest T Frocoeur Frobex Genex Glenn Exp Goldray Goldrim Granisie Grandua Gunnar Hastings Jowsey Kam Kotle Kerr Aad K Anacon Kid Coper Kirk Min Leb Min & Dufauit Lakehead Le Lue terede Metal Min Midrim Min-Ore N Que Rag N Senator New Taku Nick Rim Nisto Norlartle Norlex N Rank Northcal Northgat Opemska Orchan Pax int Pce Expl Pine Point Placer Purdex Pyramid Que Sturge Quemont Radlore Rayrock Rio Algom Rockwin Roman Ryanor Salem Satellite Sherritt Silvrtids Silvmaq Sil Miller Siscoe Stanrck Steep FR Sud Cont Sunburst Teck Corp Texmont Texore Tex-Sol Torbrit Trin Chib U Mining U Asbestos U Buffadn Un Keno Upp Can Urban Q@ Wasmac W Surf 1 White Star Wilco Wiliroy Windfall Yale Lead Yk Bear Yukon ¢ Zanmat Zulapa Toronto ex ay Quotations in cents uniess marked $, Odd xd----Ex-dividend, xr- sights, xw---Ex-warrants, Net change is le en "- rinsinn «caia | 7 Ex. MINES ; Sees 100 1900 1900 MA 1000 5700 500 200 4300 2700 3500 5000 1800 $00 2000 2000 2610 850 1400 2000 $500 mM Site 1A 4A 3% 2 a" n" 390 955 9 tA» a m5 950. 9 in+h oe) 30 955 9 +s +15 m%26b BD +t 0 10 10 % 625 2s $15 15% 15% 207 +200. 200 124 2'4 2 0% 0 20'4 13-199--«13 405 45 405 2 14 2A 2 190 142 330 «(330 216 «215 7" WA Mn le 105 " J 977% 77% 17% " 250 60 6 1 2" 1 120 AS +2 25 216 = 4 +1 +4 821% 21% 120 «(120 4S 43% 220 a 68 92 164 164 164 se 0. 80 +" 45% ASA ASA $13% 135% |%--V 7 7 v7 +1" " --~lA Bank NS Bath PA Bell Phone Bow Valey Bowater Brazi! RA Canate BA Oil BC Forest Bi Financ Burns CAE c Curt Ww C Found p CG Sec B Cimp BkC Cind GO Cind GOp ci C~ Mare PR CPR Pr C Vickers Chemeelt Chem i75p Chrysler Clairtone Clairton w Codville D Cominco L Computr Con Big} Con Paper Con Gas Coby vi Coronatn Coron w Crain RO Crush int Dist! Seag DO Bridge Dofasco Dom me Dom Store Fleet Mig Fruehaut G Bak GMC Globe A Gl Paper GL Power Gt West L Hardee H Wood @ Hard Crpa Hawker § Hayes St! Holden B Horne Pf Home A Husky Husky Apr Husky Bpr HBC HB OS® imp Life ime oll imp Tob Ind Accep 1BM int Nickel James 'Sti Jefferson deft Bw Jock 68 pr Kelly DA LOnt Cem Laura Sec Lav Fin Lau Fn 6% Lav Fini Lav F éjw LobCo A Met Stores Molson A Molson 8 Montex 425 $6) 425 $28 1900 14 1500 100 1170 800 ase 1000 1015 800 1750 1400 1200 90 4000 2000 4000 $244 24 4 % 970 «950 3 351 4 35" 40 6160 «160 + v 4 ih ANY -- 2 "% 234+ 220 " 20 -- 140 (138 140 + 3 8B 2B nmhn 2 1 5 4 OILS, GAS Aiminex Am Ledue Asamera Bentt CS Pete ¢ High Cr Cdn Sup 0 Cent Dei Charter O Chieftan D Dynamic French Pt Int Hell Mill City N Amerien Numac Permo Prairie Provo Gas Ranger Rt Scurry Rn Speen Triad Oil W Decalta 2410 13800 2000 200 440 mM 5 440 (440 244 24 + '| 395 ht 5M 1S) 4 M40 M0 uo +s INDUSTRIALS, ' Abitibi Alta Gas Alg Cen Algoma Alliance A Aicn Alum Aicn Al pr Arg 260. pr Asbestos C Rahama € Bank Mont bd 645 200 90 19 4 100 150 4s 1% 1 $32'4 324 9% 69% «(9% $294 We 29% 75 7s vs $40% 40% 40% sas 4s 4s Man 44 449 $714 21% 21% -- 190 180150 862% 61M 62% mW Mont Loce Moore Morse A Mrphy Pr al Drug Nie" Wires Norands Nor Ctl @ Nor CliGp Ont Steel Osnawa A Pac Pete Pow Corp Price co QN Gas Rank OrA Reichhid Reveistk Revelstk p Romfield Ronald Fd Shop Save Shopper Ct Simpsons Simpson $ $KD Mtg Slater Stl Slat Stel p Steel Can Suptst com Texaco TorDm Bk Tor Iron A T Find Tr Can it UnAce 2p Un Carblid Un Gas Versata Vie G Tr pr Walnwr Walk GW Weldwod Well Fin A Wburne West ind West Ind A Weste'st Weston 8 West A wt Zellers Sales to 1) a.m,: Agnico LL Lae Multl-M Madsen Siscoe Spooner Utd Keno 500 1400 r $7! $54 $14% $40! gis 18 | BUSINESS SPOTLIGHT 10's 70% + Vs S46 OSA 530 2 a + v7 4 & v4 4% 4% tie +" 1 NA Wa ade i 7" WA + ' + % 2 +1 : Canada Business System ~ Understood By Students MONTREAL (CP)--A recent survey of high school students, carried out by the Canadian "Chamber of Commerce, pro- duced statistics which, the or- ganization says, indicate that students. have a of Can- high school * better understanding ~ | ada's business system than the + +1) - & " *\ printed questionnaire +1%4 Hy there j yi ge neral public. *| The survey was based on some 1,600 written replies to a distrib- s uted to a group of 1965 high , school graduates in 150 Cana- dian communities, It followed an earlier one commissioned by the chamber and conducted among a cross- section of Canadians, This, the chamber says, revealed. that considerable miscon- ception and misunderstanding in the public mind about business v and its role in society. +% + 4 & a V3" 13! 0} 80 1054 $914 9 4 $27% 7% ae $79 64 s6'4 $40 480 $13% 13% 13% 450 290 $169 $12% 12% $5014 50% $49% 49% $16! $19 194 15 $190 $32 $53% 53'4 $i4% 250 $20% 200 12 $400 625 700 125 200 710 1152 $964 $29" 831% 3114 31 70 65 is on 6 4 «640 480 450 20 ie 18 "4 16 190 4 % s 9% tal fo yon wii. cates ve was 480 he 450 290 » 18% + a" 50'%4 4% 4 16% a+ ¥ 190 4 4 ve 2 +} 225 $104 150 150 225 175 725 600 225 200 00 189 180 677 #0 125 2695 225 125 150 200 100 365 100 125 250 200 25 502 22 $21% $10 $14 14% a+ Ve $32% 324 + SO $ 5 50 1525 900 750 210 210 225 Rd 316% $74 1137 $234 238 23) Ay 425 eH 225 575 110 455 500 125 225 180 807 ns FOREIGN 100 1 200 800 $57" 10 32 a 7" 16' 10 6" 20% 26% 675 "% 410 20% 28% -- 16 toe 57 $635 63 S48 48 sii4 i $33% 3 $17% 17 $M 350 $23"% $34% 22 ? $10 10% 21% +15 ) ' 18a 25% + 13% 4 23% 534 + 77 + % + Ve + vi give 130 10 A 1% +) A 6" 1 + Transport Minister 7 20% 26% 675 «+10 ™% 410 4 16% Me (1% 12" Wa i 12% WW 4 425 574 63'4 4 48\9 + +25 + % -4 + § vy he 4 +10 " In the student survey, those % questioned were asked, among " other things, to indicate what rated most important in indus- trial growth: Saving money and investing it; more' government contro! of industry; distributing more in income to the working man; greater productivity The answer from 39 per cent was that saving money and in- vesting it contributes most to industrial growth. Another 33 per cent said productivity con- tributes most. Distributing more of the national income to the working man was thought to be the answer to,17 per cent, and only nine -per\cent said they think more government control is the' most important factor. TEACHING FIRST CHOICE In assessing the fields of op- portunity for young people, the students' first choice was the teaching profession; the second, manufacturing industry, the third, natural resource indus- tries, and the fourth banking, Probe Witnesses Tell " Of Forged Signatures » * TORONTO (CP) -- A royal commission Thursday heard de- nials of signatures on stock cer- tificates of Commodore Busi- 4 ness Machines (Canada) Ltd, and -how a former song-and % dance man promoted the stock from the Grand Duchy of Lux- + 4, embourg. Three Toronto businessmen * told the commission investigat- ing the collapse of Atlantic Ac- \4| ceptance Corp. last June that signatures on the stock certifi- purporting to be theirs not in their handwriting Herbert J. Spanton, E. A. Jef- * freys and William Knowles all said they had no knowledge of any certificates of Commodore issued in their names The commission was told that each of the businessmen re- % ceived a 100-share certificate of Commodore's "common stock, ,|together with power of attorney 4 to transfer stock form. The commission also heard how Frank Kaftel promoted the sale of Commodore stock in Eu- ' Car, Tire Makers Approve | '« New Legislation On Safety TORONTO (CP) -- Spokes- men for Canadian car and tire makers Thursday expressed ap- proval of legisjation that will the Ontario government power to establish safety stan- dards for cars and tires. The new auto and tire safety provisions, introduced In the legislature Wednesday by Irwin Haskett, are part of a major re- vamping of the Highway Traffic Act The provisions will empower the government to require the incorporation of any safety de- vice deemed necessary. for any + ear or truck and to prescribe tire standards, specifications , and markings, s "+ Ve % 33% * 1% -v" -$ + 3 vw close, -In vy, ment of Canada action 10ve + 924% 24% 24% 1,105,000. 195 20) 95 vy 150 $00 95 260 198 i) 145 500 TRADING 75 1S 178 5 a i b= Va 4 *| trading, BOND MARKET TORONTO (CP)--Major sec tions of the Canadian bond mar- ket slipped in fairly active trad ing Thursday In long-term Canada the 44-per-cent Sept issue closed at $86.75, from Wednesday's short-term Goven the 44 per-cent April 1, 1967, issue |closed at $99.07 bid and $99.10 jasked, off five cents. Day-to-day money changed at 5% per cent, as were treasury bills, at 5.11 for the 91-day Issue and 5.28 for the 182-day issue issue 1, 1983, down % was un- OVER 40 YEARS EXPERIENCE! | last take advantage of it! 24 hour ser- vice; and radio dispotched trucks al- woys on the ready to serve you, Fuel Oi! Budget Plan evailable, EL OIL NOW 1$ THE TIME TO CONVERT AND CALL McLAUGHLIN 723-3481 110 KING ST, W, COAL & SUPPLIES Golden Spindle Textiles Offers you @ large selection of Domestic and Imported Fabrice at LOW LOW PRICES, LOOK AHEAD TO SUMMER WITH THESE NOTICE RESIDENTS OF SOUTH OSHAWA Holley Hardware Is conviently locoted to serve your needs 1200 Wecker Dr. () Block § Next te Loew's Pharmecy) at Cedor of Wentworth-- BUDGET-PRICED FABRICS SARGEANT ae 0 8? 1.49 a Come and see our carefully chosen velections of SULKS - ee te - BUDGET PRICES WE CARRY FIRST QUALITY MERCHANDISE ONLY 32 King St..W. at Cor, Prince St. PRINTED. SERANO LINEN 4s" ya. RAYONS rope from headquarters in the ¢ Grand Duchy of Luxembourg. Kaftel, whose varied career includes a term as shoe buyer, real estate operator and trader in oil royalties, was the owner of International Advisory Serv- ice which until recently oper- ated out of Luxembourg Norman Cox, chief investi- gator for the Ontario Securities Commission, said Kaftel was born in New York in 1902 and at one time was employed in a song and dance routine using the name Jack Castle. He said Kaftel sold oil royal- ties in Europe and served a one-month jail sentence in Eng- land in 1938 for landing without a permit Kaftel was deported to the United States and shifted his op- erations to Canada in 1942. Later, in Ontario, Kaftel was subpoenaed to appear as a wit- ness at a provincial crime in vestigation but left Ontario and has not been back, Mr. Cox said. Greig R. Smith, manager of the Rubber Association of Can- ada, a tire producers' organiza tion, termed the proposed legis- lation "a good thing."' James Dykes, executive direc- tor of the Motor Vehicle Manu- facturer's Association, said any law respecting general stan- dards was highly desirable. | June 3 CPR FARES UP | Canadian Pacific Ratlways will raise passenger fares on transcontinental runs this sum-} mer from Montreal to | ver, the company has ne| nounced - {n--- Montreal: From| June 1, CPR will charge $97) for a lower berth and meals one way compared with $87.50 summer, |% to finance and insurance, Almost 95 per cent said some | economics should be taught in! all high schools. A regional note for Quebec is that it was the only province in which' the sudents did not say greater productivity is the most important factor in Can- ada's rate of industrial growth. In Quebec, "saving money) and investing it' was the choiee| of 54 per cent of students, with only 15 per cent' selecting greaier productivity. But capital spending was con- sidered the key to future eco- nomic growth by Quebec stu- dents, as it was for those in Alberta and the Maritimes, Stu- dents in British Columbia, Sas- katchewan, Manitoba and On- tario placed the greatest em- phasis on foreign trade, though} one in every three in British | Columb a selected government planning as the most important. Bank Stocks Highlight Mart TORONTO (CP)--Bank stocks highlighted trading on the Tor- onto Stock Exchange Thursday bank index rose 2.72 to The advance came on reports that revisions of the Bank Act are to be presented to Parlia- ment shortly with a partial lift- ing of the six-per-cent interest ceiling considered likely, Bank of Montreal climbed 1% to 61, Nova Scotia 1% to 70%, Imperial-Commerce 1% to 65%, Torento-Dominion 1% to 62% and Royal 4 to 75% The industrial index, a meas- ure of key stock movements, was up 1.11 to 161.86 for its third consecutive daily dep Among other industrials, CPR added 1% at 58%, Distillers Seagrams 1% at 3214, Peel El- der 1% at 20% and B-A Oil % at-32\4. Bell Telephone, whith announced Wednesda, an eight- cent increase in its 'atest auBr terly dividend, was down % to 53% as a result of profit taking Denison paced the base-metal advance, rising 1 to 47. Inco} and Noranda were up % each! to 954% and 524% and Rio Algom 13% On index, golds were up 2.18) to 167.82, base metals .91 to! 89.20, western oils ,14 to 103.28 and the TSE 1.07 to 153,57, Vol- ume was 4,189,000 shares com- pared with 2,787,000 Wednes- day. DIVIDENDS By THE CANADIAN PRESS FPE-Pioneer Eelectric Ltd., pfd. 68% cents, July 15, record July 1; class A 14 cents, Aug. 1, record July 1 Lake Du Fault, 75 cents plus 25 certs extra, June 29, record Ogilvie Flour Mills Co, Ltd., common 15 cents, July 1, ree ord June 3 Ronalds-Federated Ltd., mon 12% cents, Sept. 10, order Sept. 1, Yexaco~ Canada per-cent pfd, $1.00, ord June 30 Yellowknife Hear Mines Litd., 4 cents, June 27, record June 7, com- rec- Ltd, four- July 20, ree- GOLF LESSONS Qualif d C.P.G.A, Instructors ional Teaching g Staff, * Wilson Patterson * Alf Arrangements made for Hyvestis ® jan Dalmore Group Lessons, Offices, Club, ete, Private Lessons For All Golfers BEGINNERS AND DUFFERS WELCOME For The Best Selection In Golfing Equipment Visit Our Completely Stocked Pre Shop Led Commencing Wed,, May 11. Golf Classes 5 lessons for $10.00 Morning Evening Classes evaileble, Let us take strokes off your game for more Golfing Pleasure, Thunderbird Golf Club ASHBURN, ONT. PHONE 655-4952 SPRING-TIME We restore carpeting to its original beauty ... Special process assuzes quick drying. 282 King Phone 723-4271 3 RUG CLEANING TIME ¥ CALL DON ANTEED Ancus-GRAYDON CARPET COMPANY LIMITED IS all | YOUR ANGUS-GRAY SERVICE MAN TODAY QUICK SERVICE GUAR. West -- 728-6254 High Potash Investment Will Aid Hungry World SASKATOON, May % -- "Saskatchewan simply has no alternative but to push for pot- ash production and help a hun- gry world feed itself', British American Oil President Charlies Hay told the Saskatoon Board of Trade here today. Speaking at the Board's Dia- mond Anniversary dinner, Mr. Hiay, who grew up in Saskatoon, s\said the province has entered "on a new industrial era of POW! -- Batman language for Potash, Oil and Wheat." He said potash has dicause Canadi in the control of the economic and political destinies, and in ganing access to and serving world markets,"' "It would be', Mr. Hay said, "in the U.S. parent company's own interest ta encourage a concerted and determined effort to strengthen Canada's balance of payments by urging their subsidiaries to export more and} import less."' Mr. Hay said Canadians don't put up more of their money to counter foreign ownership be- Saskatoon's nickname from hte Hub to the Potash Capital of the World, He asked, however, whether Canadian investors can finance the close to $400 million required during the next four years to develop this industry. Today's world population of three billion is expected to in- crease to six billion by the end of the century, Mr. Hay said, However, he added, of the pre- sent population only 30 per cent live in countries with adequate FREDERIC BAINES Bank Appoints Area Assistant Gen. Manager Appointment of Fredric P. Baines 'as regional assistant|{00d supply. B-A president stressed general manager with jurisdic- that "the most promising short- tion over Bank of Montrea!|term means of raising food pro- branches in Metropolitan To-|duction undoubtedly lies in in- ronto and environs has been|creasing output from agricul- announced by J. Leonard Walk- tural land now under cultiva- tion" through the application of er, senior general manager and) |chemical fertilizers such as chief operating officer of the} |high-quality Saskatchewan pot- bank, jash Concurrently, John B, Lesslie becomes regional assistant gen- {situation and Saskatchewa's \key position in helping feed the eral manager to administer|worid's hungry, Mr. Hay sug- branches in eastern, northern| gested that if financing for the and northwestern Ontario, and|development of. the province's FE. John Kelleher assumes a\Dotash industry could not. come ifrom Canadians it must be jsimilar appointment to sought outside, lbranches in southwestern On- He said Canadians must be tario, encouraged "to want to hold a The appointments establish| greater percentage of ownership three administrative regions for|in industrial and resource enter- the 350 offices of the bank's On- |prise". However, he added, for- tario division, which is directed] jeign capital should continue to general) Ibe welcome because ' foreign- resident | owned subsidiaries are good ci- tizens,"" by Edward A, Royce, manager for Ontario, in Toronto, Mr, Baines has been mana-| He suggested that the past ger of the main Winnipeg)Ppattern of branch since December, 1963,)may have to be adjusted to He was previously superinten-|match "the evolving character dent of the bank's eastern divi-|of Canada, the needs and res- sion at the head office, follow- ponsibilities of our own people | foreign ownership industry does not adequately "let the public know what it is doing, what it plans to do and the return on money to be expected', the Government does not give Can- adians 'enough incentives as tax-payers to purchase common stocks", and Canadians them- selves are "too timid and too} security-conscious"'. He suggested Canadian youth be encouraged to "collect their weekly allowances, baby-sitter money, newspaper delivery | route commissions, and regu-/ larly put them into shares of Canadian blue-chip Investors' ample adults', "IT can think of no investment instruction that could better teach our upcoming generation Mutual, to security-minded the virtues and rewards of the| In view of the urgency of the| private enterprise system and| our industrial democracy", Mr, | |Hay said, stocks| through some sort of Teen-age| as an ex-| THE OSHAWA TIMES, Fridey, Mey 27, 1966 JF BUYS OILS LEASES purchased a 50-per-cent interest in 6,000,000 acres of petroleum leases in the Arctic for $500,000 from Toronto-based Bankeno Mines Lid., Bankeno /resident T. J. Day said Thursday in Te onto. ene nathan { IF YOU ARE THINKING ABOUT | LIFE INSURANCE ' | Why Not Call TOM FARQUHARSON SUN LIFE Assurance Company of Canada RESIDENCE: BUSINESS: 668-4371 725-4563 SUNDAY, Follow the Yellow signs Bowmanville on FEATURES: ing service at branches in Brit-| -- ish Columbia, Saskatchewan, Manitoba, Ontario, Quebec and Newfoundland The appointment of the new regional assistant general man-| jagers in the Ontario division 1s} lthe latest development in a widespread reorganization of the Bank of Montreal which be- gan with an executive realign- ment at the head office on January 1. OSHAWA TIMES PICTURE RE-PRINTS Available At NU-WAY PHOTO SERVICE 251 King St. E, Oshawe 8 x 10 -- 1.50 each 5 x 7 -- 1.25 each 20% Discount en Orders of 5S or More Pictures HUNT OIL The Calgary Herald says a) Calgary-based syndicate of 35 or 40 companies is being formed to engage in a $30,000,000 hunt for oil and natural gas In the * Slides and Tour (2:00 % Tour on Mospor (2:00 Promote APPLE BLOSSOM Educational and Scenic Tour % Tour through Apple Blossom Areas % Tour through Scenic Ganaraska Forests. % Picnic areas.-- Orono Park and Ganaraske Join in the fun of touring this interesting erea (40 miles) Orono Chamber of Commerce MAY 29th starting one mile east of Highway No. 2. at Orono Tree Nursery and 3:00 p.m.) t Race Track to 4:00 p.m.) d by the: Cominco Ltd, of Montreal has - Canadian Arctic _slands. A New World or APARTMENT LIVING << ONE BEDROOM TWO BEDROOM FAMILY SUITES = SUITES SUITES 3 FLOORS RESERVED FOR ADULTS ONLY "GRENFELL SQUARE" LUXURY APARTMENTS 385 GIBB ST. at GRENFELL ONE - TWO - THREE BEDROOM SUITES Free Hydro High Speed Elevotors Softly Carpeted Corridor Floors Beautifully Landscaped Entrance Ultra-modern Kitehena Include 30+ inch Electrie Range and New Re- . frigerotor, Intereom Connected te Lobby Bathrooms Equipped with Lerge Mirrors ond Built-in Vonities, Double Sinks Night Drapes Throughout One or Two-baleony Suites Avaliable Second Washroom Suites Available Oshewa's Largest Suites Renta! Includes TV Antenna Service, Parking Space and Additional Locker Space Private Soune end Health Club Facilities; Swimming Pool end Sunning Patio. Rentals Start at 125.00 Free 23" Console Television One ef the new tenante will win @ lovely 23" CON- 'SOLE TELEVISION , .. those who reserve their auite by June lst, 1966, become eligible, Bring this eard of Introduction. FOR Rental Information Phone 723 - dill 11 A.M, -- 9 P.M, DAILY Exclusive Agents OSHAWA REALTY (Bond St.) Ltd, 728-9468 Seas ne =<