DAILY MARKET QUOTATIONS

Lake Ling 1000 9 9 9 + ‘/2 CURRENCIES - w--= -» -o -- Leitcb, 175:0 130 129 131 ,1 _ Lencourt 3000 D 8 8 --1 By THE CANADIAN PRESS LL Lac 100 195 195 105 ~5 Toronto——Market lower in mod- E-Omega . 10030 4 4 4 2 erately slow trading. Lﬁiggﬁ wts 1:03 1;: 3?, 23 ‘ll . . 1 T New Y0rk——Market lower, se- Lndhst 21300 22 00 22 lccted issues gain. §\V.Ilac:ssa E2330 275 29: 2;; +5 . ac 0 0 27 2 Montreal — Market _ lower in Mame“ 17030 6 5% 5%_ V2 moderately active trading. Madsen 2700 210 ms 203 +3 . Malartci 500 103 103 103 Maneast U 13000 'I 'I 7 SU MMA Maralgo 14100 as 93 33 ~2 Maroon 2500 61/: 61/3 6% - . ' Maritime 32800 60 54 55 +1 MONTREAL (CP) — The U.S. lllslarbtin ;‘;[?;000 118 1:6 17 —-1/2 :1?:$‘l.“.“.:*;d:.:..a.*. -to 3 8” 15” +- coun 0 - is Merrill 7900 32 7s 79 ~1 of Canadian funds, down 1-16 nbgﬁgav Uran 3460007 10 689 9 —-11/2 ' 7 rim 00 2 68 -4 Pound sterling $2.74/s, unchangc _ Mimken mo 2” 210 2” _ Min Corp 225 10 10 10 ~34 Min End 1040 s 9 9 +1.9 Min-Ore 2000 13 13 13 TORONTO W, ,5 , 3, 4 . one 1000 6 66 66 +1 TORONTO (CP) — Mines and Multi-M 500 4.3 43 43 ._1 western oils Monday led the stock Name C!‘ 11000 24% 23 24% -— V2 market lower for the second §::,f;"”1 3:33 1:” 1: 1:‘/5' straight session. _ ’ Nello 1000 131.0 1395. 131/2+2:/2 The market was mixed-. to 11:65 Iéab 1000 29 29 +4 ~« - - -, ew al 1000 19 19 19 ~1 t1;11g§.er 11,13 t§1ebf1f1‘5t 1%” 11f1,1“1:1:5 Of New Delhi 2000 37 36 37_ ~ 1,4 ra mg n e ore e lrs our N Diem, 3450 m 216 ms __9 was over the trend was to the N Fortune 7500 15 1?? 141/, downside. Prices were generally 1]: g';1dY“= Z333 5% 6 5 at their lows as trading closed. -1“ 13’/2 13 13 ‘ ‘/= . . N High 1000 1299 121/. 121/,~ 1/, Both metal and oil indexes lost N Kelore I 1000 7 7 . 7 ~1 more than 11/4 points. Golds m-an- N Man 1500 26 25 25 ~s aged to gain a bit more than one- g 1‘,’1v[1g‘:a 223$ 2 :3 £3 +1 quarter of ‘a point. New R_ou.n 2000 7 7 7 -1 International Nickel was the NW1‘ Rm‘ 4500 96 92 92 -5 . . . . . Nlsto . 1009 7 7 7 +% biggest loser in the\mining list. Nomem 600 250 247 250 __m It closed at 73%, down 25/s. Norpax 5100 27 25 25 ._2 Shortly before noon the company lgoﬁsgsk 0500 11 9 11 +1 announced that it is cutting nickel Nmhsp 1"‘1’gg75 ‘:55 4;” ‘$30 ‘-110 production by 10 per cent, result- Norsp A wt: 4000 210‘ 200 200 .30 lng in a layoff of 1,200 men at its_ North Can 200 112 112 112 ..1 Sudbury and Cobourg plants. 1gg:‘;f{1:° 1:330 11 11 11 Falconbridge was down "/3 at 0-3,,” 3000 5,’ 504'/’ 504* +1“ 24 among other senior base met- Ogama 2500 5 9 0 -2115. Quemont, however, gained 25 g1;:mRaro 11300 14 14 14 + 1.0 cents at $8.60 on a light volume. osisko 303; 7;‘; % 9; +2 some coppers scored moderate pamou, mo 50 4,3 50 ’' gains while a few golds were nar- Parbec 1000 0 0 5 +17, rowly higher. Uraniums, espec-11::;3r°° 43330 4:9 4:5 4:8 -3 ially high - priced stocks, were Peerless 1000 22 1,2 . . 22 +1 mixed to higher. . Pick Crow 152 107 107 107 Central Del Rio featured west- Pitch-ore 4000 5 5 5 cm oils, losing 35 cents at $7.10 gjﬁtzn 12:30 43035 2;’ -5 Index changes: gold-s up .34 to puma, “ 500 6 G 6 77.84: base metals off 1.39 to Que As_c 2533 10 9 9 ~1 TORONTO CLOSING srocxs Que M1; 4500 7% 3°,’ 317,!“ % By The Canadian Press Q » Toronto Stodk 0xchange—Ma'roh 1’? Q3: . 5% ﬁoaﬁ 523% “L2 ' (Quotations in cents unless marked S. Q M tel z—0dd lot xd—Ex-dividend. xr—Ex- Qunsion 122 9° 96 ‘*4 rights, xw-—Ex-warrants.) Net $26101‘; 1300 42% EA :2% 0 , stock sales Mr&gIl£isLow c1oseCh’se §:xy:Alliab jg" 1': :2 :1’: 4 . _ c e 000 12 12 12 1 1 :1 :°°W,,,, we 2 -1 - Algom 430 14% 141/. 14% + % s,‘,’,:§""R- 511°" 3 7 1’ +1 Algom Wt: 950 495 475 -ilto ~5 W 35°” 12 11 11% . _ slierrltt 3430 495 415 415 .10 Am-Later 1000 13 13 13 --2 slgma 100 400 400 400 Anacon 6100 53 50 50 SH Mme, 1460 .3 ‘O 40% _ Anglo Hut 100 990 990 990 ~5 swan V3 1000 M M M *3” — V -— IA .Ang_Rouyn 500. 28 28 28 +21/2 stdco,-,3» 1533 ,1 _21 21 ___1 A0511 139° 15 15 15 Stanleigh 9100 175 157 163 ~9 Apex ‘Res 4000 4% 4% 41/67 -1 stanlgh W“ 6500 62 55 57 __2 Arcadia 500 1972 101/; 18% ~11/2 stamck 650 190 188 188 _, Arcad wts 1000 10 10 10 :2tr1j;onR f 1 9000 13 13 13 3:33;,‘ 70002500 5 O 5 5 55 1”’ “ 750° 17 15 37 +1 Steep R 4200 1095 109/ 101/ Aumacho 7000 13 12 12 ~1 ‘ ‘ “’/‘ Almor 2300 250 221 -221 ~5 §’*‘;,’f°°” 400° 11 1“ 11 *1 . u van 200 218 218 213 +3 Ballkeno 3236 14% 141/2 141/ﬂ »—1/é sylvann. 450 117 112 117 4 Bai~iia,t 90000 35 321/; 3299 ~3 Tandem ‘$50 12 11 12 '1 Barbf EXP 1100 0 6 6 —-1 -yaiircanis 20175 001' 59 55, ..4 ‘~ Baska 2100 15 15 15 + 1.0 T . is.niiq 2300 2494 231/2 24% +199 Taufgvt ‘°°° 53 ‘19 *9“ "41/2 Beaucage 1000 90 86 86» -4 Tee 1 5300 163 158 159 *1 ' Beav Lod 5000 16 10 16 em" 170° 137 135 135 "1 Thom I. 1000 D4 84 34 Belcher 5050 100 95 97 ._i T, _ Bethlm 2400 33 al 91 +1 .,,‘;§,,,, ,6“ 35; 36‘ +1” 3'0’ . . B‘ic‘r50ft 83101025 975 M5 ___a UAsbestos 4100 -595 550 575 +35 Bicroit ms 650, 40 40 40 3“ $0 39°,%39°9,/2393,, +1" B“"’°P 2495, 14’/I 14-‘/I 14% +1 Upp Can 1100 '53 ea s9~4 §if.$i‘:if.“’ 13°53. 1”. *7 "*0 *1 "“'*‘"°= -525 23% =8 237- -7- 13°"“’’ 5433 42 4° 41 21:33 1; 122% 122“ "IA Boymar 7000 10 9 ~1 Wadi Am "3 Bralorno 100 530 530 590 w,,,,d° 7°" °’5 "5 ‘M ‘"1 Bniii st 7500 ’ ‘"1 5°” 2’ 32 3’ ""2 Brungman 1000 0 1 5 M0 5 1% gerﬁeﬁa 33000 9 9 9 + In Brunswick 450 25.3 355 355 +1 3 ' 9° 5 5 3 +1 Buffad 500‘ 6% W2 6% wlllroy 4200 91 90 91 +1 camp Chib 7040 515 » 495 495 ~51 Wins” ' mm 17% 16 ' 17 “'1 camp RL 570 725 725 725 +20‘ Wmch 1°00 5% 5% 595+ 14 V Wr Hat-g 100 199 199 159 +3 cdii Astoria 1513 7 7 7 +:,4.Y1 C Dyna 1950 as 9-1 as ” Lead 1°00 11 11 11 C Mala“ 1000 23 33 23 +1 :1: Bear 3820 31 73 (Is ~2 cdii Thor 2500 8% 81/1 zﬁinmac mo 1111 28 2111* *1“ Can-Erin 15000 191/. 19 19 +1 clillli 1000' 13 13 13 "1 C ii-Met 10550 .. ' C?Met wts 2550 1:3 11% 1373 1 11:13:10 1335500445320 @0320 @0330 -10 c taiii Czfiboo 4% lg lg 23 +1 Yukon Con 1500 as 04 as Cassiar 1660 745 735 735 -5 (“L5 Cayzor 100 400 400 400‘ Ajax 500 4.9 49 49 ._1 Cent Pat 500 92 92 _ Am Leduc 1500 1 19 gﬁégkglz 311730 695 out 92014 1 gnchor lag 22% 22 3% 11% i 0 33 35 37 __1 samara 180 176 177 --3’ Club-Kay 1500 13 13 19 Bailey s A 350 700 770 770 ~10 Club M 2940 70 03 ,5 Baileys pr 25 as 23 23 +1/, Chlmo 700 49_ 49 419 Ball S 53/4 pr 215 29 22% 22%-I/4 ggtlimwm 533.0 315 1315 '15 "5 git“: 50?; 19: m 198 1‘ 244 R Cody-Reco 1000 13 2:11: 23 _% Brltaitu. 200 150 15411 15; ~I Coin Lake 4500 15 10 15 _ ,, Calalta 500 53 53 53 Coldstrm 55550 96 33 35 +1 Cal Ed 410 320% 201.9 201/; ~54 Coniagas 3500 00 59 .59 12 C on Lds 700 100 100 150 ~20 Con-Key 2500 24 231,5 23% C 011 L Wt: 1000 78 '78 78 +3 C Bellekeno 2400 14 14 _14 CS Pete -160 385 385 385 .~5 C Calllllan 5000 12 11 111,5 ._ V3 Cdn Atl on 2175 410 410 .410 c Denlson 0425 12 12% 1292 + :2. C chleftn 2900 95 92 ‘92 +1 cé Dim wts 23900 390 500 975 +30 C Deca wt: 10000 13 10 10 ~3 Discover 1700 270 255 __ Cdn Dev 1820 ' 590 530 590 ‘C Fen_ _ 1200 50 50 2:3 5 C I-Iomestd 975 212 212 212 Con Gillies 500 52/, 5% 5% __ % C Husky 657 1000 990 930 ~20 C Halllwell 4000 31 29 31 +10, 0 Husky wts 220 525 505 505 .20 Con Howe 2200 135 178 135 +7 C Prospect 2200 135 130 195 .+5 Con Marbett 500 26 25 26 + V Canso Nat 200 110 105 105 .._5 gm; :1 aritclzgzj 65 15 18 18 ~ 142, g:::°D<e>li1 72(1) $51 110 110 -10 e cour 00 14% 13% 1315 10 710 ~35 Con Sud 0950 as 05» 35 ._, Charter on 1000 10 165 16 ~12 C Tungsten 1035 10 9\ 10 1 Conro 500 9 ‘ 3 0 .t 1,4 Conwest 225 205 255 205 +10 C Allenbee 0010 10 9 9 Colo corp 9190 25 21 24 +3 3 Me Mac 000 255 253 253 Copy-and 14530 153 149 155 3 West Pete 200 575 575 575 --5 Coulee 5000 55 52 52 + Cree Oil 22; 350 350 360 +15 Crestaur 1000 8% 31,75 31/: +1 Cree wts 750 175 165 165 -5 crowpat 2500 3 9 0 Dev~Pa}I 3525 190 120 120 +4 5:51: » 8 = -1 1:529” 1222. .0 5° 5° -2 = ..ona 1500 '9 s 0 575 575 Dome 375 141/. 141/8 1414 + Vs Gen Pet A 900 310 300 300 ~10 gone ila 4200 151/; 15 151/0 ~1/2 g,’ghP’a;‘3 =20 17 17 17 uvan 1050 13 13 13 ‘ ~l ‘ W0 2000 21 21 21 ._g E Amphl 1000 8 3 3 _ ‘/2 Home Oil A 586 15% 15% 15% - East Mal 700 140 140 140 ~1 “me .0“ 3 1°14 15“/4 15 15 East siiii 2310 210 200 201 ~4 H B 011 G 819 $1694 1610 1614 + 99 9:171 .32? 3.?" 2 7 -1 11:2.“ ‘:33 .2: .0 7 ~1 er 5 so 09 +4 259 ~7 -131 so! 500 11 11 11 LI Peta 9000 9 9 9 +1 Eureka 22000 25 221/: 23- ._1 Medal 1420 255 250 255 '4 Exp1A1l 17000 10 17 18 +1 ﬁigctgl 18600 55 65 68 + Falcon 2910 25 24 24 ~ 7/, I ity 4714 22 21 22 + 1/, Farada 2500 149 145 145 N Bristol 3000 25 25 25 Fla Call 53925 11% 10%; 1199 + 1/4 N Chamb 300° 119 115 115 grotiisiier 590 155 150 155 +5 gggnt 7% so 29 30 ~11 aiwin 11000 095 0_ 0 vies 19 19 19 Galkeno 1000 95 95 35 ~4 N Gas Exp! 800 127 125 127 +7 Geco Mines 5031. 101/ 10 10 NC Oils 350 275 276 275 ~4 Giit Masct 1500 .10‘ 10 1.0 + 1i NC0 at 100 30 50 50 Giant YK 750 530 525 525 ~15 Northld 5300 25 25 25 Glacier 1000 150 175 190 Okalta 300 150 140 149 ~1 Goldcrest 2010 10 10 10 P30 Pete 1070 171/: 167/. 17 ~14. Gold Man 2750 50 29 90 Pan West 2000 25 25 ‘ 25 +2 Grah BOL_lS 1500 7 7 7 Permo pr 775 175 175 175 ~z Grandro 12100 32 30 32 +2 Provo Gas 5860 265 260 260‘ ..1 Granduc 1500 110 105 105 ~z Reef Expl 500 3 3 3 Grehk 3000 101/. 18 191/; Rocky Pete 0500 13 13 13 Gulf Lead 1000 71/2 71/2 7i,g Royalite 425 13 13 13 _ 1,4 Gunnar wts 3200 700 070 700 +30 Royalite pr 250 25 25 25 ard Rock 500 99/ 9 Sapphire 2000 09 ' so Hal‘-Min 5000 91,: 0% ,._ V2 sappii debs 30 :91 9090 563% 311/. 22:21:” 59 7 +4 2:290... -7 .. 61/2 095 0!/,~1 5 405 465 ~10 High-Bell 200 127 127 501101 U 1500 15 15 5 » Hollinger 355 22!/4 221/‘ 1311,, + ,/4 Spooner 7500 21 20 :0 +34 Hole 980- 990 355 575 +15 Stanwell 2315 74 71 74 ~1 Hud Ba 479 $4392 427/; 427/,_% Tex Cal — 1000 97 37 37 +1 Ind Lake 3000 6% 6 0 Titans Can 500 72 72 72 ~10 nit Nickel 4930 97590 73% 73% ~25/i ',1‘,“ad.0I1 800 450 4.40 440 ~15 Int Ran 15300 231/0 22% 23 +1 I1 Oils 59393 203 199 191 ~11 Irish Cop 4400 101 ‘ 97 97 ~3 g,“1°‘“‘ 700 43 43 4.3 IIronbBa 300 105 105 155 w::::c- 1051313 10 10 10 ~ is aco us 5445 120 117 118 ~2 , 28 28 '20 ~i Jae Exp 9000 59 57 5s ~i W Maygill 1005 175 159 170 ~2 Jellicoe 15500 1995 1799 13 ._1 W Decalta 1356 175 107 107 -13 Joburke 1500 13 13 13 W 96° Wis 5500 25 '25 25 -2 Juliet 4000 25170 25 25 ~1 W03!-‘0 300 10? 107 107 Jonsnlith 1000 91/. 990 91/5. Windfall 557 13 13 13 ~11/i Jowse 2300 -50 49 49 W Can 0G 300 100 179 100 +2 Kenvjlle 2000 5% .51/2 51/5 W C OG rts 3100 15 14 16 +2 Kerr Add 512 13 17% 173/4 ~ 95 M t BANKS Kilembe 1900 103 157 157 +2 on 860 40 401.9 404.9 ~10 Kilem wts 1400 57 55 57 +2 NS 278 521A 5294 529/1 - 1/4 Kirk Hud mm 0 5 6 110 Comm 910 42% 421/. 425/; 1/. Kirk Town 4500 11 11 11 Imp :10 44% Labrador 290 157/15 1.5% 15% -— 9/3 Royal 525 557/; Luisa Can 800 102 102 102 +3 Tor-Dom no 40 99% 301.5

INDUSTRIALS

Alumni] 3524 $301/4 29% 80% Anglo Nfld 205 $51/1 51/5 51/4 + 1/S C Brew 470 $28 273/4 28 + 1/s D Magnes 500 $11 10% 107/s - 1/5 D Steel 135 $20 20 20 —- % Inland 300 $63/s 63/9 6% Nor Star 100 $1202 121/2 1%/2, Pbina New 333 $7% 71/1 7% —— I/4 Simpsons 3025 B17 161/4 16% + 0/1; Stedman 100 $279‘; 271/2 27% Walk New’ 1270 $26% 26% 26% Total sales: 1,798,000.

MOST ACTIVE TORONTO STOCKS

By The Canadian Press Net Stock Sales High Low Close Ch’ge INDUSTRIALS

Int Nickel 4830 $75‘/2 73% 73% 2% Alumini 3524 $3014 3% 301/; Simpsons 3025 $17 163/‘ 16% + $5

‘Roe Av Can 2917 5133/. 131/; 1395 ~:/..

CPR 2637 $241/s 237/3 24 -— 1/4 OILS

U11 Oils 59393 203 189 191 -11

Vico 21750 5 4% 41/; ~ 1/2

Anchor 18700 25 21/2 24 ——1

Midcon 13600 68 05 as

Spooner 7500 21 20 20

MINES

Coldstrm 6550 36 33 35 + 1

Tandem 5600 12 11 12

N Mylams 46400 24 22 23 +1

Martin 44300 18 16 17 -— IA - Wiltsey 34200 171/9 16 17 ~1

MONTREAL

-MONTREAL (CP)—-In moder- ate trading, prices were gener- ally lower in all but a few indus- trial categories Monday on the Montreal and Canadian stock ex- changes. _

Pipelines, base in e t a l s and newsprints all witnessed drops ex- tending to more than a point among their members. Trans- Mountain lost 1% to 48%. and In- ternational Nickel fell 17/9 to 74’/3.

Less severe losses were noted among the ca-rriers, steels and miscellaneous issues.

with Bell Telephone losing 175 to 41 while Calgary Power upped 1 to 69%.

Slightly stronger were the con- struct-ions and refining oils.

In the mines and oils section trade was moderately active. The penny issues were irregularly mixed while producers, showed some improvement. Bandowan gained 29 cents to 98 cents and east Sullivan jumped 15 cents to 2.10. North Span gained 20 cents to 3.50. Central Del Rio continued its recent decline, losing 30 cents to 7.15.

The exchanges’ closing aver- ages show banks off .06 to 45.43, utilities off .4 at 136.3, ind-ustrials off 1.8 at 242.9, papers off 5.36 at

1122.63 and golds off .34 at 68.36. MONTREAL CLOSING STOCKS By The Canadian Press Abitlbi

283/4 GT Lakes 36

Asbestos 30% I-Iud Bay Min 421/; Bank Mont 401/2 Imp Oil 38% Bank NS 52-”/4 Int Nick 741/ii Bnque C Nat 3971 Int Pap 97 Bathurst A 41 Int Pete ‘$373/4 Bathurst B 17% Mass-Har 61,3 Bell 01 McCall ' 521,0 Brazil 599 N st. Car 211,1. Bldg Prod 40* Noranda 40% C Cement 28% Price 381,4 C Steamshpi 38 Royal Bank 54% C Bnk Com 421/2 Royalite 1. Cdn Brew 28 St L Corp’ 13% Cdn Brew pr 20 Shawn: 25$/4 Cdn Celan 1590 Steel 531/. PR 24’ U11 Steel 12% Seag-rams 26% Walker 26% D Bridge 221/2 _ CANADIAN

Dom Tar 11% Cons Pap 33% Foundation 20 Ford 73% Fraser

. , . . NEW YORK

NEW YORK (AP)—'1‘he stock market Monday wiped out last week’s gains with its sharpest dip since Feb. 11. -

An estimated $1,500,000,000 was clipped from the quoted value of stocks listed on the New York stock Exchange, based on the drop in the Associated Press average. ' Pivotal stocksfell fractions to 1 or 2 points for some. Selected issues posted gains.

The late weakness followed news that industrial production slumped in February to the low- est level since December 1954. Earlier in the day Treasury Sec- retary Robert Anderson said no decision on tax cuts will be made

nomy is clarified. \

The successful launch-ing of an earth satellite by the Vanguard rocket brought a temporary ma- jor rise to Martin Co., prime con- tractor for the project but its net. gain was only 1/9.

The Associated Press average of 60 ‘stocks dropped $1.20 to $162.50 for its largest drop since it lost $1.30 Feb. 11. The indus- trials were down $2.20, the rails

‘$1.00 and the utilities were un-

changed.

Of 1,135 issues traded, declines totalled 579 and advances 322. New highs for 1957-58 totalled 26 and new lows 5.

Volume was 2,130,000 shares compared w-ith 2,150,000 Friday.

Of the 15 most active stocks,

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Utilities and banks were mixed’

until the tuture course of the eco-‘

Page 12, The Guardian Tues. March 18, 1958

10 declined, 4 rose and 1 was un- changed.

At Sudbury, 0nt., Monday In- ternational Nickel announced a 10-per-cent cut in production. The stock nose-dived 2% to close ,» at 751/2. Other Canadian stocks also declined—-Aluminium Ltd. was off 3/5, Hudson Bay Mining 34, Cana- dian Pacific 1/4 and Walker-Good- erham 1/3. Distillers - Seagram made 9 =79 gain.

Prices fell on the American stock exchange also.’Volume was 570,000 compared with 510,000 Fri- day. Canadian Marconi and Pres- ton East Dome made small gains. Scurry-Rain-bow and Pacific Pet- roleums were among the l.0S€lI‘S.

What stocks did:

Mon. Fri. Advances 322 370 Declines 579 509 Unchanged 234 254 Total , issues 1135 1133

NEW YORK CLOSING STOCKS

By The Canadian Press

Beth Steel 39% Kennecott $47/s Borg Warner 281/4. Mnoty W 351/9 C and O 50 NY Cent 14 Cons Edison 49 Radio Corp 33% El Auto E1 271/: Std Oil NJ 503/s Gen Elec 61% Utd Aircraft 561/s Goodyear 74 Vanadium S2‘/1 Gt Nor Ry 33 Westngse 61% Int '1‘ ai:ld"I‘ 321/4

PRODUCE ’ ~

MONTREAL (CP) —- Agri-cul- ture department quotations:

Eggs: Wholesale dealers prices to country stations, wooden cases, extra-large 47 - 48; large 47-48; medium 46; small 44; B 35; C 25. Receipts: 84. ‘

Butter: Current receipts 621/2; fresh-grade creamery prints job price 64-66; fresh wholesale 63%.- 1/2.

Cheese: F.0.B. factory, On- tario white 33%, colored 33%; de- livered Montreal, Quebec white 33%, colored 331/2; wholesale On- tario white 35, colored 351/1; wholesale Quebec White 341/2, col- ored 341/2. '

Potatoes: N.B. 755 2.50 - 2.75;

.42; P.E.I. 755 3.00-’.25, P.E.I. 10s .40—.10; Que. 505 1.71.

GRAIN

WINNIPEG (CP)——Most activ- ity Monday on the Winnflpe-g Grain Exchange was concen- trated on ﬂax.

Closing prices:

Oats: May unchanged 70; Jly unchanged 69%ia;- Oct. ’u’nch-anged 691/4a. . ‘

Barley: May unchanged 911/s; Jly unchanged 91‘/sa; Oct. un- changed 911/4b.

Flax: May 2 %higher 3.121/11b;

-Jly 3 higher 3.06-3.0622; Oct. 1/2

higher 2.851/2. Rye: May 1% higher 1.051/2; Jly

"A; higher 1.059’2‘b;'

1.06%-a. '

4 1.4399; 5 1.277.; 6 1.257.; 1 Dn- riim 1.957.; 2 1.947.; 3 1.84%;

1.65%; 2,l.59’/9; 3 1521/3; 4 1.43%; 5 1.251/ii; 6 1.25%; 1 Dur-utm11.95’/a; 2 1.941/s; 3 1.84%.

TWO CITIES

, The Hague is the seat of g v-VA ernment for Holla-nd,'but Am-st 'r- {. dam is the capital of the lrlng- "

dom.

N.B’. 505 1.75-1.90, N.B. 10s .38-'

Oct. V4 lower {Y - -Prices for class two wheat for _

export to countries outside IWA: . 1 Nor 1.631/9; 2 1591/3; 3.1.521/s; j

IWA and domestic prices: 1 Nor 1

Nickel Output Cut 10 Per Cent

SUDBURY, Ont. (CP)—Curtail- ment in nickel production of about 10 per cent or 2,500,000 pounds a month was announced Monday by the International Nickel Com» pany.

The cut in production will re- Slll-t in the layoff of almost 1,000 of the 16,600 men at the com- pany’s operations here.

A company spokesman said the number being laid off would be substantially higher if it were not that several hundred men are be- ing retained to provide for vaca- tion relief during the coming months. ’

At INCO’s electrolytic refinery at Port Colborne, Out., where about 1,900 men are employed, about 200 will be laid off due to reduced operations at that plant.

Announcing the move, a com- pany spokesman said:

Announcing the move, it com- pany spokesman said:

“Unless business shows a quick upturn a further cutback in our production may . . . become nec- essary.

“Also, our long-term plans‘ for further increased capactiy are not affected by the cutback in production and our program in Northern Manitoba is continuing to proceed on schedule.”

The company statement also said that demand for nickel has fallen well below supply.

Co-nciliationb . 0 Board Adjourns

MONTREAL (CP)' —-A three- man board of conciliation ad- journed Wednesday until next Monday- its-efforts to settle the multi - million - dollar contract scrap between the major rail- ways and their 130,000 nion-Opel} ating workers.

The federal board heard furtlher testimony Wednesday from the railways supporting their argu- ment that “many serious defects’-’ exist in the union-favored durable goods wage standard.

CPR Vice-president S. M. Gos- sage told the board in‘his day- long testimony that the defects are .“so grave that the durable goods industries cannot‘ be prop- erly regarded as a fair and ac- curate measure” in determining railway wages. I 1

This standard, advocated by the union negotiators and used in

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Bank Presiden For .'l' he Small

Toronto, Ont, — The strength- ening of small, decentralized un- ivrsities is an ideal way of meet- ing the challenge of higher edu- cation in Canada, C. Sydney Frost, President of the Bank of Nova Scotia said today. Mr. Frost General Chairman of Acadia Un- iversity Fund, reports that gift. solicitations are now under way from Vancouver tiovHalifax. To- tal objective of the Acadia ap- peal is $1,750,000.

“A network of well-placed, well- organized, small universities and colleges will play a large role in determining the future success of Canada’s higher education pro- gram,” the Bank President re- marked. “University enrolment is expected to double by 1965 and we certainly must have facilities in which to accommodate this great increase. It is of utmost importance that added facilities be strategically located, so as to make university education avail- able to students in diversified, lo- cal areas. In ﬁhis way, we will obtain the best possible educa- tional value for money spent on university expansion.”

previous ‘railway settlements, is based on wages paid in the diur- able goods industry —- the so- called heavy manufacturing sec- tion. A

The railways are proposing a new wage standard tied to the “going rate”‘in outside industry.

lvn. Gossage also introduced and explained a number of doc- uments designed to show that the railways do not have the ability to pay any large-scale wage in- crease to their employees.

REVOLUTIONARY PLOT?

TEHRAN, Iran (Reuters)-—‘l‘he Iranian government said Thurs- day that it has uncovereda plot to overthrow the present admin- istration and establish a new gov- ernment with the help of foreign- ers. The “foreigners” were not identified.

TOURIST TRADE Norway had 1,019,000 foreign visitors in 1957,.mostly from other Scandinavian countries.

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1 Has Praise Universities

ATLANTIC AREA

Citing Maritime universities as an example of the wise use of “educational dollars”, M1‘. F rosf pointed up the large number of outstanding Canadians who have emerged from small universities on the Atlantic Coast.

“From the time of Confedera- tion to the present, Maritime un- iversitites, such as Acadia, have provided Canada with a contin- ing supply of ‘brainpower’ and thus have made an enormous con- tribution to Can-a.da’s great pro- gress,” he said.

“-From Acadia alone, with a present enrolment of 760 students have come top ranking scientists, educators’ jurists and cabinet ministers. This, in itself, proves

sity. I-lad Acadia not been stra- tegically situated and easily a-

CUNA

I

THE HALLMARK

the value of this type of univer- A

or UDEAN TRAVEL

Enjoy the luxury of crossin Cunal-ders! Equipped with stabilizers for smooth liners were especially designed for the St. Lawrence of the greatest assen er ﬂeet on -the Atlantic headed by

1% EL ABETH” and_“QUEEN MARY ’.

Go Cunard and arrive relaxed and refreshed tion. Frequent sailings from New York and Halifax and Quebec in Summer-modern accommodation-—ir

sports and entertainment"-—a.ll

liners, “QUEE

cuisinc—round-the-clock for your enjoyment.

‘ When you go Cunard,” .Gettiug There Is Half 'The'Fi.u1‘!' ' 1

graduates, Canada itself might well have been the loser." -

DISTANCE FACTOR

Many young Canadian men and women with superior mental cap. acity would have far less oppor- tunity for a university education if they were obliged to travel long distances each term and pay high. er tuition and living costs, Mr. Frost contended. x,_

In seeking support for Acadia University Fund, Mr? Frost said the university is in an ideal pos- ition to expand its operation, sim- ply by building additional.class- rooms and lab facilities and en- larging its teaching faculty.

“It has proved its ability to pro- duce _outstanding graduates and

we CORDIALLY INVITE ALL TO THE—- . FAMILY BARBER

SHOP Corner Kent & Queen Genuine HAIRCUT, 500 only 3 Barbers No waiting

vallable to these distinguished it;

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txtcunvts AREN'T SUPERMEN

A recent survey shows that today’s top execu- tives are putting in 60 to 80 hour weeks under intense stress . . . and paying for it. More than 50% of the over-40’s ‘suffer a serious condition of hypertension, active ulcers or the other “management diseases”. But industry is ' tackling the problem. Learn how from feature writer Ben Rose in this weck’s Star Weekly.

7}-//S EXC/77/VG @K PLUS . . .“The Blonds Dynamo of British Films”, “The Great Winnipeg Flood”, “An Evening

regular exciting features

FORECAST or CANADIAN FASHION

The Star Weekly uses eight colorful pages of dramatic photographs to present this intriguing pre-view of Canadian Spring styles. Top fashion editors have gleaned a whole mine of information to help you plan your wardrobe. Read the important guide to styles, colors, fabric and accessories in this week’s Star Weekly.

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