7 as é 4 >» ' on : ’ ‘ 2 er « en | dey il Fri, Oct. 1, 1965. Britain duced trom ‘ 16\ The Guardian, and Australia where it » te |painful menstruation was “tot-) Canadian Stock Exchange nas beam avalon on precip 25 bot “esa udeaable ty luinated nica ~ ! + ° improved” in 92.4 per Sells Unlisted U.S. Stocks New 0 Contraceptive Pill * Use of the pili in the United Finding that the active agre plaint, he said. thts * ce of " : ilab! 1 anh ee atigeeice op eS, ee ee ROBERTSON MEMORIAL MONTREAL (CP)—A market!two exchanges had previously Will Be Availab e By Nov. aon foe administration &P- duced no more and its total ef-| START CAR INDUSTRY lor US. stocks not listed om|agreed not to have unlisted sec- Sines re fectiveness — maintained, the! Indonesia hopes to have its Canadian stock exchanges had tions, _ TORONTO (CP)—A new low-jtion from dtuggisjs, Dr Har- ovid, the ae ened contracep- pharennapuion) research com-jown car and truck manufactur- LECTURE ; developed here since facilities whether or not the TSE will \ ve pin old Hutchings, the company’s |tive, im 1954. G. D. Searle and pany eloped a mew com- ing industry by the end of 1968. ’ / for trading them were recently adopt a similar program has yet domae ~~ a in hen medical director, told a press | Co, have been researching to gonad. Qvelen, ; The pubtie \« cordially invited to attend the opened on the Canadian Stogk | to be decided. \ pred 1. G. D. Searle and Co. of conference. develop. a pill of the same 100- Dr. ery cited one US RRR RRTERERERIS Ps - W a Exchange. Approximately 70 stocks listed Canada Lid, agmounced here. Called Ovulen, the pill con-|per-cemt potency with diminish- clinies! St ESF 164 PURITY DAIRY ¢ = | be ; by 0. The total volume in auch us tains only one milligram of ac-|ing side effects; such as nau- Women that showed oe Twaites, President, Imperial Oi Limited, in the listed stocks traded on the CSE\0® the NYSE Nave been traded The pill, agproved by the wee: compered witniane oad leben: sven bleeding, reduced by almost half and “p. Pref. ; tn Thursday was more than\0@ the CSE to date These in- ood and Drug directorate it iwo five, 10 and 25 milligrams |Dr. Hutchings ro ©: break-through more | arents er ¢] College Auditorium on Tuesday evening, October 90.000. involving more than /Clde KLM, International Tele- Ottawa after 10 years of clin- in previous oral contraceptives. le sa ‘than ni when patients Purity Products ; 5 at 8:30. j phone, Lukens Steel, RCA, | “research ‘and world-wide EDUCE SIDE EFFEC swite from ‘ $3,000,000 in transactions, ica Ovulea hes been used wit The ee acetal ae “

_ ” The arrangement lets Cana- dian stockbrokers purchase U shares for ther cles hae ——— and also allows the C broker a commission.

Two Canadian. stock exchange members, Geoffrion, Robert and Gelinas Co, and J. R. Tumemins amd Co., both Mont- real brokers, are acting a8 Canadian agents for buying the stocks and bringing them to

Canada for unlisted trading on |

the CSE.

agree is acceptable to them and good business for their custom- ers

A’ Canadian investor asks his stockbroker to purchase certain American stocks. The broker then relays the offer to one of the two agents, who in turn places an order with Burnham and Co., menibers of the New York Stock Exchange, to pur- chase the requested shares.

BUYS STOCK CHEAPER Burnham and Co. then puf- chases the shares on the NYSE, possibly at % to % of a point | below what the Canadian inves

share. The stock purchase is then relayed to the Montreal companies who place ft on the CSE unlisted section where it ts by the broker who originally ordered it for his elient,

The Canadian broker then eollects his regular commission on the sale and the middlemen take as profit the difference between what the client has bid and what the stock was pur- chased for on the NYSE. Some- times there is no profit on transactions.

A spokesman for the New York Stock Exchange says the trading of U.S. securities here is encouraged. He said the exchange’s view is that such trading will help the U.S. bal- ance of payments situation, and to that end the NYSE has started a program to get more U.S. securities sold abroad.

It’s also good Cana- dian buyer bec pays only the lower Quebec securities commission tax instead of U.S. federal and state taxes’ which a would be paid if he purchased | ' directly in the U.S.

HELPS. LOCAL BROKER It also helps the Canadian

tor has said he will pay a

Standard Oi! of California and §, | Eastern Airlines. —

broker who now makes -a profit on the purchase of U.S. stock. co By purchasing through the CSE | he gets the full commission | from clients, whereas previously { he, dealt with a New York con- | tact who got all the commis- sion. This was once recouped through reciprocal business, but j because of new US», tax—laws to prevent money from! leaving the country this reciprocal busl- | ness has dropped to a trickle. Before the system was set up en the Canadian Stock Ex- change an agreement between i“ and the Toronto Stock Ex- change was modified to allow the CSE to set up an unlisted

section for U.S. stocks only. The

Refloating . Contract Let

Five sailors were killed when

month - old freighter in 30 feet of water after a voyage from Fort Williatn, Ont.,

here. Foundation won. the contract refloat the

8 3

- A federal inquiry into the ac cident will start here Oct. 12.

City Of London Mayor Is Named

-LONDON (Reuters) — Sir Li- onel Denny, 68, a produce im- eet will be the next Lord

of the historic square mile business area known as The City of London, it has been announced.

COMFORT

SOMETHING To Think About...

i w vou furnace fs overt) years old, ate’, be money ‘ahead te se it'e good. close look!

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