ef hae Best Es TS : as el 30 The Guardian, Charlottetown, Fri., Nov. 18, 1958. ence tt ee enemy

DAILY MARKET QUOTATIONS

<

_ SUMMARY »

Toronto — Market lower in moderate trading.

New York — Market mixed; electronics advance.

Montreal — Market higher in fairly heavy trading.

market took

oils,

NEW YORK NEW YORK (AP)

about three weeks Thursday as a rally by space-age stocks fal- tered.

Turnover rose to 3,600,000. Steels, rails, drugs and most chemicals

to push industrials off on index at the close Thursday on the Montreal and Canadian sock ex- changes.

Banks and Utilities held firm as steels, base metals and papers took late, losses to sink below av- erage.

A one-point loss by MacMillan

(Continued on ‘Page 13)

— The stock its sharpest loss in

coppers, motors,

CURRIENCIES °

MONTREAL (CP) — The U‘S. dollar closed Thursday at a. dis-

' * eount of 5 3-16 per cent in terms

“bee

of Canadian funds. down 5-32. Pound sterling 2.65 13-16, up &-16.

DIVIDENDS

_‘ Abitibi_Power. and Paper Co.

Ltd., 42% cents pfd. 28% cents, Jan. 1, record Dec. 1. 4 National Hosiery Mills Lid., elass B eight cents, Jan. 4. rec- ord Tec. 4. Noranda Mines Ltd. 50 cents, Dec. 15, record Nov. 20. ? Normetal Mining Corp. Ltd., 15 cents, Dec. 30, record-Nov. 30. Page-Hersey Tubes Ltd., 22% cents, Jan. 2. record Dec. 15, Quemont Mining Corp. Ltd., 30)

» ents, Dec. 30, record Nov. 30.

PRODUCE

MONREAL (CP) — Agricul- ture department quotations: Eggs: Wholesale dealer prices

* te country stations wooden cases,

extra-large 47; large 46; medium #2; small 35; B 37; C 21. Re ceipts 49.

Butter: Current receipts. ten- derable 63%, non-tenderable 63; fresh grade creamery prints, job price 64-65; fresh wholesale, ten- derable 64, non-tenderable 6312.

Cheese: Delivered Montreal, not waxed, current receipts Que- white 37%. colored 3714, wholesale Quebec white 3812, col- ored 3854; current receipts On- tario white F.O.B. grading sta- tion 3954-43 1-16, 42%; wholesale Ontario colored and white no quotations.

Potatoes: Quebec 75s 1.85-2.00; N.B. 7s 2.10-2.25; N.B. 50s 1.35- 1.45; N.B. 10s .32-.35; P.E.I. 50s

colored 397%-)|

were lower. Airlines, farm imple- ments and utilities were mixed.

Contrasts in the electroni¢s group were a rise of 4%4 in Ampex and a fall of 5% in high-stepping Motorola.

American Motors closed with a net loss of 1%. General Motors, its passenger car production shut down beeause of steel shortages, drapped a point.

The AP 60-stock ‘average down .$1.10 to $222.80.

- Electrical and -Musical indus- tries was the most active stock, up 3s at 105% 101,900 shares.

Du Pont was -down 2%. U.S. Rubber dropped a point. Air Re- duction 1% and Lorillard 1%.

The; major steelmakers were all fractionally lower.

Among the Canadian stocks, Aluminium Ltd., and Distillers Seagrams, both jumped %, and | Walker Gooderham %. Hudson Bay Mining and Canadian Pacific both lost %.

American Stock Exchange prices were mixed on volume of 1,440,000 shares, Irving Air Chute gained 3 points, Phillips Electric 3%, Servo 2%.

On the Canadian list, Shawint- gan jumped 4% , Molybdenite, Preston East Dome and Fargo |Oil, all jumped 1-16, and Jupiter Oil %s. Canadian Marconi lost %.

What stocks did:

was

Thur Wed 4 Advances 421 491) Declines 575 419) Unchanged 201 234 Total issoes 1197 1144 Beth Steel 53% Monty W 5214 3 Borg Warner 4356 NY Cent 29's DRY CLEANING C and O 68% Rado Corp 66'2 Cons Edson 59% Std OL NJ - «7 Ef El Auto El 49% Utd Arcraft 39% Gen Elec x Vanadum 3 SERVICE Goodyear 137% Westngse 98's Gt Nor Ry 48% hel re CUDMORE'S MONTREAL DRY CLEANERS MONTREAL (CP) — Heavy] % Kest St - Phone 4922

Guided Missiles May Be French

OTTAWA (CP: — The first guided missile which the Cana- dian army gets may be French and not American.

A. defence depaitment spokes- man disclosed Tuesday that Canadian soldiers now are being tiained on the French SS-10 anti- tank missile at the Royal Cana- dian Armored Corps school at Camp Borden Ont.»

A Canadian army féam was first trained on the weapon by the French army in Europe last year.

No decision has yet been made to adopt the missife into the Canadian army. It would be used by tank-hunting armored corps teams.

An army spokesman said the 32-pound missile is capable of dis- abling any existing armored ve- hicle with a conventional high ex- plosive charge.

No launching device is_ re- quired. It can be fired from its vwn transport case. It is guided yy signals transmitted by the operator by means of two fine wires whica unwind from the mis- sile during flight. .

losses outweighed fractional gains |[.

’

SUMMERSIDE BUREAU OF THE GUARDIAN A resolution strongly opposing the use of trading stamps was unanimously passed at the an- aual meeting of the Prince County Federation of Agriculture held Tuesday, night in the Summerlea

Restaurant here. The resolution one of nine. passed at the meeting read that whereas the decision with respect to the use of trading stamps now ap- pears to rest with the provinces and whereas the use of such stamps will eventually add. to consumers’ costs and restrict to some extent the buyers’ freedom of choice, therefore be it resolved that the Federation of Agricul- ture fo on record as opposing the use of such stamps and recom-

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