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AR PREACHES yer, host of To Tell is a lay preacher in terian church. KK OK a ROO OO OOOO OK GE GR SS He eH ae 6 ak ae TODAY'S STOCKS elsiaah Ld 10:40 A.M, STOCKS istributed by CP Toronto Steck Exchange--May 29 Quotations in cents unless marked 8, z--Odd lot, xd--Ex-dividend, xr--Ex- rights, xw--Ex-warrants. Net change Is from previous board-lot closing sale. Aunor Bankfield Bethim Brunswk Cam Mine Camflo ot es € seaiosn Cdn Keely Candore Cantre Cent Pat Chestrvile onigo C Callinan Cc Halli C Marben Cc Mogul C Morisn C Neg Con_ Nichol C Rambler C Red Pop Cop Man Sealy | Deer Hern D'Eldona Denison Dome Donal Dunraine Frobex Glenn Exp Goldray Goldrim Granduc Gulch Gunnar Hastings High-BI Hollinger pri Exp Jelex Kerr Add K_ Anacon Kid Coper Wasmac White Star Wilco Zenmac Zulapa 10:40 Net Sales High Low a.m. Ch'ge 300 4 0 A 1500 20 20 300 295 295 295 200 155 155 155 1000 54 «54 54 1000 «21 21 See list below. 2400 68 68 68 2600 2200 300 See list below. 145 $6914 69 10 $47 47) 47 Beet 4 a iat i 100. a ma us See list below. 1000 15 15 15 See list below. 920 $15 14% 147s -- Ve 85 nae elk Fake 10 is H 1s -- $292 292 294 $13¥%e 12% 13 $14% 14% 14% "4 585 - 159 o 95 + 55 v7 135 --2 7 7 W $13% 134 134-- 4 8% 84 B4--% 482 See list below. we oe 122° «(122 13° 13 5 1 1 482 4812 --1¥2 +2 + ae | +h' 31 525 232 --4 310 315 +5 16¥2 16¥2 16% 25 425 372 372 3a +1 Le ee ey 22 24 M% 8 8 8 495 495 495 9---t 5 980 980 See list below. 80 See list below. 530 525 530 +8 215 550 550 550 100 375 375 375 490 2000 66 «66 (66 See list below. 1000 48 488 102 33 570 150 80 570 500 150 150 z100 80) 680 1000 274227 27 500 3. 1000 24 240 oh 00 16 16 OILS, GAS Alminex Am Ledue soar Banff CS Pete Cdn Tricnt Del 2540 460 460 60 2000 15 1S 15 = 7200 7h 7 300 $12%e 12% 12%+ % See list below. 500 370 370 370 +8 0 50 220 20 +5 300 875 875 875 --15 600 $1134 11% 11% 810 800° 330 320 20 300 110 10 110 500. 1 31 2000 Ai 360 s ed 45 ed % +8 | Tor Dm Bk tock Sales High Low 4 - ce 'ge Bern 4M " 25 Bagge) 89 89% BCPh 4% gas "i 80's Br Intl Fin" 400 20: +0 iisw hn Burns Fads CAE I $222 ind 425 Calgary P Can Cem 303 $43% $24 7 ra as" a as" +5 5% = 450 ao a 410 $21% 214 214+ $68 67% 67h % $10% 105% 1058 $5% ie Set 1 1 1 1 $692 68% 69 -- % CPR pr ore ba 92 Cc ren 13% 13% -- = Cdn Tire A 0 Py 18% 18% + Capit Bidg 1661 51 47 47 Chemcell 275 $11% 11% WM es %* Chrysler 220 $44\2 44% Adv Clairton 750 $11 1) Columbia 225 480 480 480 Cominco 105 $324 32% 32%4-- Ve Computr 410 9% 9% 9% --1% Con Paper 200 $392 392 W-- Cons Gas 7210 $17% 17 7 Cont Can 33 $57¥a $7" STVa +16 Copp Cirk 1220 S$6¥2 6% 6% Crain R Lo ztS $45 45 = 45 Crestbrk te bh Crush Intl 413% + Ve Can Cem p CSL ¢ Marcni r CPR 1 Cygnus B Dale-Ross iV] is] be +% = & 0 30 280 $23%4 23% 23% % 1 Sie Sar $7 Th Tha+ Ve 75 $17%4 17% 17% -- 365 $16 15% 15% $20%4 20Ve 20% 45 a ne BbA--% 83 Sisve a4 354 3700 130 130 130 21$137 (137 (137 Z10 $8514 85% 85% ZS $85%4 B54 85% 01 Dom Glass Dosco Dom Store Domtar Domtar pr --5 + G Stl Wre p Goodyear 210$202 201 Godyear p 210 $46¥2 46% 46\ GL Paper 100 $26%4 264 264--~ % GL Power 150 $227% 22% 227-- Ve Greyhnd 1S $26% 262 26¥2--~ Ve Hard Crp A 13% 13% -- Vs Hawker § 5 380 Home A 19% ed Horne Pit ma) H Bay Co HB Oil Gas Huron Eri Husky Oli la, 210 Hy 790 $8 300 $12% 12' 150 $12%4 12% 100 $1158 11% 11% + 200 $18% 18% 18144-- % 225 350 350 350 208 $9894 98% 983%4 -- '| 50 $3014 oat lag 74) Pipe 325 $20% 295 $12% at iu 763 $10% 10% 10% 220 $332 3342 33%4--1 120 $35: 35 1470 360 55 355 --S 200 490 490 490 600 $1342 1344 13% 425 490 480 480 200$14% 14% 14% -- 650 $19% 19 19 --% 100 $20% 20% 100 $72 7% $7% 7% 28% 6 5 5 594 594 8 8 nA--V 12% Inland Gas intr City pr intr Cty wt Int Nickel Int Util Intpr Inv Group Inv Grp A ITL Ind Jefferson Jockey C 3. --% -5 13% 2734 20% 2 18% 18% 300 $227%- 22% 227% 165 $22% 22% 22% -- Ve $10% Wu + % $28Ve 10% 827 $26%6 260 26 200 $13 at ane $8 8 50 $31% 31% 489 $227% ue 260 $13% 13% 100 $8% 8° 5375 $29 29 5 say Petéd Protas 250. 8 Trans Mt 335 it% "ihe ta -- Un Carbid 220 $21 21 Un Gas 310 $11% iim 1% Union Oil 120 $35 35 35 Versatile 210 $364 36% 3614 Vic G Tr 710 $1434 14% 14% Vulcan z10 300 300 300 Walk GW 775 $33%4 33¥e 33% Westee! 250 $24V2 24a 24a Weston B 100 $192 192 194--% Wstn 4'4p 70 $90 9 9 White Pas 100 $14% 14% 14% + Woodwd A 50 $30' Wie 30% Sales to 11:00 a.m, 623,000 FOREIGN TRADING Steel Can Traders A Tr Can PL Tr Can Pip Tr Can P w Soe ULT 2000 600 Deerhorn 1000 avs 27% 7h+ Va Scurry Rn $22%4 Os t+ Ye| Northcal 1900 2 2 +10 Triad O11 300 180 180 --3 |. Siscoe 350 5 605 40s +5 U Canso 6920 us m0 uo a8 U Keno Hil 1000 680 680 U Canto w 250 110 T9110 2 Wright Harg 100 110 10 0 Vandoo YNE+ EDDIE RYDI W Decalta 250 240 233 240 + 2 1 RR. W Decit w 7250 77 77 s R* Primary Lael Y RNER Distribution of Treasury Shares ung »M WA BROS, The Toronto Stock Exchange has been 0 S 0 :25 - 6:45 - 9:00 ine UNTO Srowd at advised that the following companies have entered into underwriting and op- tion agreements which ay result in treasury shares of these companies be- ing under distribution currently through the facilities of the Exchange: Am Moly cs. 'Pete 1000 20 20 20 + 1 28 en cs UF us ry 1 24 155. Heh 21 27 oO + 13¥%a+ Va > il | 25 7250 6 16 16 1100 192 199 192 +1 INDUSTRIB"S Abitib! Acklands Alta Gas T Alta Gas w Algoma St Alcan Ang CT 290 Anthes A Atl Sugar Auto Elec jank Mtl jank NS Bathurst Bell Phne nore p Bow Viy w Bramal W B pores BA st BA Pi BC Forest BC Sugar 550 piled 10% 10% 40 8% Be * 2 sine gd Pyle 250 800 652 $25% as 740 $32V2 32% i 210 $492 492 49 150 $2334 23% 23% 110 $10% 10% lag i) 400 6 6 25 $65 65 200 $14% 14% 350 $62 6% Vat Me 180 ys 3440 see 'rd 300 100 $3u%h Sith Sale Fa Missed Igloo SAINT JOHN, N.B. (CP)-- Alec Kopiapic is an 18-year-old 4\Eskimo who believes he 'was bornjust a little bit too late." At Great Whale River in northern Quebec, where he 3 |lived with his family before coming to high school here, he was 16 before he first har- pooned a seal, he never lived in an igloo and he's not handy with a kayak. "Most Eskimo kids a little older than me would have "killed their first seal at about 10, and farther north on the is- lands some of them still do. "Dad used to have a kayak that he had to put new skins on each year. I'd_ probably drown myself in one." Alec came here at the invita- tion of Donald Clayton who was working at Great Whale River as a diesel engineer with the transport department, The youth wants to become a heli- copter pilot. NOW 'IS THE TIME TO CALL <5 |contrast to the strong squeeze eet tt ttt tt ttt Lt tt BUSINESS SPOTLIGHT Tighter Money Period Looms Again In Canada By KEN SMITH Canadian Press Business Editor Although a lot of people aren't happy about the prospect, the Canadian economy appears to be in for another period of tighter money. Many observers expect the sit- uation will be short-lived, in that prevailed through most of 1966, but it could be enough to delay a solid economic recovery for a few months. Interest rates have been edg- ing up in recent weeks after a period of steady declines from the highs established late in 1966, with the Bank of Canada's average of seven long-term is- sues yielding 5.81 per cent last 'week, compared with 5.76 per cent May 17 and 5.7 per cent May 10. Even short-term rates have turned up, with the 91-day gov- ernment of Canada treasury bills returning 4.2 per cent Jast Tightening Money Market Draws Little Apprehension NEW YORK (AP)--The tight- ening money market drew watchful looks from American businessmen and _ economists last week, but there was little apprehension that a money crisis like that of 1966 again was | developing. Economists noted that mort- gage and bond yields were climbing as many banks shied away from making long-term loans. On the other hand, inter- +5 Jest rates on short-term loans continued to decline. Gardner Ackley, chairman of President Johnson's Council of Economic Advisers, said he was disturbed by the recent ten- dency of interest rates to raise. Commenting on the rise in jlong-term interest rates since mid-April, Ackley said institu- tional bond buyers appear to be- lieve the council's prediction of an upturn in business activity during the second half of this year. He said he saw no necessity for a return to tight money con- | ditions. "|NEED CHEAPER MONEY The Federal Reserve Board "\has acted since November to make money more plentiful and, therefore, cheaper. But some experts believe it may have to pump still more cash into the economy if it hopes tu drive interest rates down. They noted that Western Mortgage Corp., a big Los An- geles mortgage brokerage firm, recently raised rates on loans wage increases of two cents an hour to 800,000 workers in the auto industry, whose labor con- tracts have an escalator clause. ORDERS DOWN New orders for machine tools, a key indicator of future busi- ness prospects, fell 11 per cent during April to $101,100,000. Or- ders for metal - cutting tools were down 15 per cent from March. Industry sources said orders in recent months have been affected by suspension of the U.S. investment-tax credit, final approval is expected soon from congress. The commerce department reported U.S. exports in April rose 3.5 per cent to $2,660,000,000 from $2,570,500,000 in March. Imports rose 1.8 per cent to $2,- 224,000,000 from $2,184,700,000. Automobile production edged up to an estinvated 175,400 pas- senger cars from 174,244 the previous week but was four per cent below the 182,939 of a year earlier. Steel production in the week ended May 20 edged up 0.2 per cent to 2,408,000 tons. Textile Firm Sales Decline MONTREAL (CP) -- Domin- ion Textile Co. Ltd. says the net loss for the year ended March $1, 1967, was $4,565,835, or $1.80 a week, compared with 4.16 per cent a week earlier and 4.09 per cent May 11. Last week the money supply, made up of currency in circula- tion and the public's chartered bank deposits, decreased slightly to $21,566,000,000, and off from the record level of $21,- 750,000,000 early this month. SHOWS A RECORD Counting government deposits with the chartered banks, how- ever, the total is $22,564,000,000, a record, and an increase of more than $1,000,000,000 from the first of the year. One economist says this addi- tional supply of funds has helped ease the' pressure on lending by chartered banks, a feature of the monetary scene during much of last year. That in turn helped in such} important areas as construction and consumer spending. Some analysts question, how- ever, whether the additional supply of funds has been enough to convince the money market that rates are not going to go higher. The bond market has been de- pressed recently, they say, partly because some buyers have been hanging on the side- lines, unwilling to tie up their available cash in long-term com- mitments, and partly because some have been returning to the stock market. The trend to higher rates is a factor in the latest report of pri- vate lending under the National Housing Act. With the NHA rate now tied to the three-month average of government bond yields, there was a burst of activity in March before the NHA rate was dropped to seven per cent from ™. HOLD BACK FUNDS Leaders now anticipate the rate will return to 7% per cent when it is revised again July 1, builders say. So they are hold- ing back their funds. Elsewhere on the business scene, the Ontario Securities Commission acted to show the Toronto Stock Exchange whvo's boss. Using its new powers under revised securities legisiation the commission ordered the ex- share, compared with a profit for the purchase of new singl family homes to 6% per cent from 6% per cent. They said there were indica- tions other brokers and mort- gage lenders in California and elsewhere will be making mort- gage loans at higher rates. With banks not too anxious v¢\to make long-term loans at rea- sonable rates, corporations have been turning increasingly to the bond market. Yields of average- grade corporate issues now run 5.95 per cent, compared with 5.20 per cent in early February. Among other developments this week, the labor department reported the cost of living rose 0.3 per cent in April to a record 115.3 per cent of the 1957-59 average. Higher costs of con- sumer services were mainly re- sponsible for the rise. The in- of $7,345,837 or $2.79 a con.mon share the previous year. Sales dropped to $129,800,000 from $178,300,000. Operating loss for the year was $11,900,000 compared with a 1966 profit of $11,500,000. The company blamed last year's 5%4-month strike against seven company plants for the results. The company projects capital expenditures of $5,500,000 this year, against an estimated $22,- 000,000 last year, with the bulk of the expenditure at Iroquois Ont., and Drummondville, Que. Export sales were reduced to 4.66 per cent of total sales from 7.28 per cent the preceding year, but "we are aggressively endeavoring to regain our ex- port markets,' the annual re- change to appear before it to ex- plain why the exchange wanted to increase the i TORONTO (CP) -- The shop- lifter laden with stolen goods may soon find the exits of many Canadian shops barred by elec- tric stop signs, clanging alarms and doors that slam in his face. An electronic snooping device which scans customers leaving a store to see if they are carry- ing goods for which they have not paid will go into production at the Sensormatic Canada Ltd. plant in Brantford, Ont., within three months, An example of the device was installed in a Sensormatic com- Natural Gas Use Up By 10 Per Cent TORONTO (CP)--The Cana- dian Gas Association reports that natural gas consumption in Canada last year rose 10.9 per| from 573,000,000,000 in 1965. Exports to the U.S. increased 6.7 per cent to 432,000,000,000 cubic feet from 405,000,000,000. Natural gas imports, mostly for Ontario, rose to 45,000,000,- 000 cubic feet from 18,000,000,- 000. Gas sales in Canada had a \value of $416,000,000 up from) BUSINESS BRIEFS | BAR SHARE TRADING Shares of General Wire and Cable Co. Ltd., will be removed from the trading list of. the Toronto Stock Exchange at the close of business Friday June 30. The exchange said the ac- tion is taken as a result of. an offer made by Seilon Inc. to ex- change stock with the minority stockholders of the company. Seilon has acquired ownership of 98.94 per cent of the out- standing shares of General Wire and Cable. INDEX UNCHANGED The general wholesale index, based on 1935-39 prices equal- ling 100, remained unchanged between March and April at 262, the Dominion Bureau of Statis- tics reported. in Ottawa Friday. Increases occurred in non-me- tallic mineral products, wood products, = products and iron prod Vegetable pro- ducts, non- ices metal pro- ducts and chemical products were steady at March levels and the animal products group moved down slightly. HALF-MILLION MORE Two million people now are expected to visit the Centennial train--500,000 more than origi- nally predicted. Shoplifter May Soon Face Stop Sign, Clanging Alarm cent to 636,000,000,000 cubic feet|article with a sensitive dot into $369,000,000. a pany plane for a demonstration tour of major cities throughout North America, beginning Mon- day in Chicago. Sensormatic President J. A. Pike, demonstrating the device in Toronto, said the detection system involves the placing of tiny metal dots on every piece of merchandise in the store. When a customer pays for an article, the dot is desensitized by a device installed near the cash register. for and the dots not desensi- tized, microwave equipment in- stalled at the store's exits will detect the stolen goods and sound an alarm, Mr. Pipe said the system of- fers the shoplifter an oppor- tunity to return the goods or pay for them without em- barrassment. When a shoplifter carries an the microwave field, the detec- tion equipment activates an electric stop sign which reads: "Package not checked out. Please return to counter or cashier, Alarm may sound." If the shoplifter continues to- ward the exit, the system sounds an alarm. It can also be arranged to lock the door, take picture or call police. Boost Okayed In Commission TORONTO (CP) -- The On- tario Securities Commission ap- proved Friday a_ proposed increase in commission fees charged to the public by mem- bers of the Toronto Stock Exchange. The Exchange estimates the proposed increase, expected to go into effect after July 1 but still subject to membership ap- proval, will average 11 per cent. Under the system, fees would be calculated as a percentage of the exact value of the shares traded. Present fees are calcu- lated as a percentage of the value within a range of prices. In speculative issues selling under $1, the range - of - price system still would be used, but the number of price ranges would be increased to 10 from six, making a wider commis- sion base available. Under the present system the minimum normal number of shares traded at $1 to $1.99 a share carries a commission charge of $2.50. The change would set the commission on the same num- ber of shares of $1 each at $1.75, inereasing - proportionately to FIRE BUGS 'Three-quarters of all forest fires in Canada are caused by people. $4.47 for a $1.99 stock. The Montreal and Vancouver exchanges also announced sim- ilar increases in their fees, If the merchandise is not paid| & THE OSHAWA TIMES, Monday, May 29, 1967 13 Canada 'Distressingly Behind' In Industrial Research: Drury NIAGARA FALLS (CP) -- Canada is "distressinely far behind other industrialized na- tions" in research and develop- ment in its secondary indus- tries, Industry Minister Drury said Friday. He said in an interview the federal government expects to Ward Scores Narrowness TORONTO (CP) -- A British economist urged Friday that Western countries abandon their "narrow thinking" based on na- tionalism and social classes and devote themselves to helping countries. Barbara Ward, a centennial speaker at the University of Toronto, called for worldwide co - operation by industrialized nations to apply what they know to helping the other two-thirds of the world's people gain a better standard of living. She said most prevalent eco- nomic theories were based on the premise that the world was faced with a chronic shortage of goods, But today's technology has put the world into an era of almost unlimited abundance "jand makes the old concepts no longer valid. provide about $20,000,000 next year to help industries expand research facilities. Mr, Drury was here to open a $20,000,000 expansion of the Cyanamid of Canada Ltd. plant. Speaking to company officials and guests, he said the federal government's short-term ain, is a three-fold increase over 1961 in industrial research and de- velopment. S. W. Clarkson, deputy min- ister of economics and develop- ment for Ontario, presented the company with an Ontario achievement award for its con- tributions to the economy through increased facilities and exports, The new plant, an addition te the company's present manu- facturing facilities at Welland, Ont., produces ammonia and urea for the fertilizer industry, PLAN TO BUY FIRM Canadian Freightways Ltd of Calgary has announced plans to purchase Hanson Transport Co, Ltd. of Hamilton. Leonard Huy- ser, president and general man- ager of Canadian Freightways, said in Calgary the purchase, for about $2,500,000, is subject to approval of the Ontario High- way transport board and the United States interstate com. merce commission. Aluminum Awnings ALUMINUM OSHAWA FREE PARKING End Screen and --Ges Pump Islands Jelousies Aluminum Aiminem Sng Cua end Rescreening of Inserts for Aluminum Doors end Windows Storm Window troubles FOREVER . - Install eve SHOWROOM and FACT! ORY 95 ATHOL ST. E. -- OSHAWA Baked Enamel! Finishes Optional PHONE 728-1633 paid brokers by customers. Despite opposition from the exchange, the commission made the hearing public. It then issued a terse, three- line statement saying it found the exchange's proposed in- creases "not unreasonable." The increases, subject to ap- proval. by exchange members, will average 11 per cent, the ex- change has said. And while Toronto's Bay Steet lived up to its reputation by going after more money, Montreal was living up to its reputation too. The Montreal Stock Exchange opened its door to women members, making it the first exchange in North America to crease in the index . brought port said, do so. a note to imes advertisers The Times', Ontario and Durham Counties Centennial June 20th, promises to be one of the finest in history. Local stories, local pictures . .. special features of past, present and future . . . all will be there in this special edition. . . be it seven months Your firm's or seventy 1867 1967; Edition of Tuesday, history . years . . . forms an integra of the local success story. Right now isthe time toplan . .. early reservation Call our Display Advertising Department of space'is advised. I part Trans-Canada Tolophone System 10) open door get a man's ear, and you get his attention - particularly by Long Distance You know it from your own experience: If someone calls you Long Distance, you take the call; it's obviously important. Don't you think the same thing happens when you place the call?! Whether you want to make an appointment or a special offer, thank your customer for an order or find out why Pe Take advantage of it! 24 hour ser- vice; and radio dispatched trucks always ready to serve you. Fuel Oil Budget Plan Available OVER 40 YEARS EXPERIENCE! McLAUGHLIN COAL & 723-348 | King st. Ww. SUPPLIES you haven't heard from him for a while. . . or just to keep in touch between personal visits: You can dial yourself a Long Distance call as easily as a local one across town. Try it--you'll find that door wide oven! 723-3474. ..wewill be happy to assist in the preparation of your advertisement. L ur