Fred Lorenzen of Elmhurst, 1, gives a victory wave after winning Sunday's 500-mile stock car race at Daytona

Economists Not Worried

STOCK CAR RACE WINNER

Beach, Fla. It was halted by rain at the end of 155 laps. With Lorenzen is Miss Teen- age America, Carolyn Mignine,

NEW YORK (AP)—Upset by

last week took its sharpest loss

since last November.

Retaliatory measures taken

by United States and South Viet Nam forces led many investors to. fear that the fighting would

a

Lorenzen 141.539 miles per hour in a 1965 Ford over the

of Baltimore, Md averaged

332.5 miles. (AP Wirephoto)

It was by no means a down

and |

Wednesday’s volume swelled |

news of widening hostilities in {it fell 47. That was the week |

Viet Nam, the stock market [when the British bank rate and| The five most active issues on)

6 The Guardian, Charlottetown, Mom, Feb. 15, 1965. |standing bios chips were ciefty

Viet NamNewsBlamed: For N.Y. Stock Slump

week ended last Nov. 28 when

the federal reserve discount rate were increased, leading to fears of tighter interest rates all around.

The Dow Jones industrial average fell 13.10 to 888 47

escalate into a major struggle.| The Dow industrials had fal-

len well below the —900 level

|market all week, however, as Which they scaled recently | prices showed a continual resil- ience. Two of the five trading mini

| | Gold ng stocks rallied

days represented advances, the : : te? other three being lesene, because of the decline in US

pretty sharp ones.

MINING STOCKS RALLY

gold holdings to their lowest level since March 8, 1939 Volume for the week vas 29.-

to 7,230,000 shares, the heaviest |694.710 shares compared with since Nov. 26, 1963 when 9,230,- | 29,231,820 the previous week 000 shares changed hands. The Associated Press average ‘Week, 871 declined and 490 ad- of 60 stocks declined 45 to 332.7 vanced.

jin the sharpest slide since the’ Losses by some of he out- $200 bursary.

Of 1,538 issues traded this

responsible for the sharp de- cline ip the averages. As shown the statistics, a goodly min- ority of stocks advanced, among them Polaroid, up 6% and Bell and Howell up 2%

The five most active issues on the New York Stock Exchange

were

Texas Gulf Sulphur, up 2% at 65% on 490,800 shares; Eastern Air Lines, up 7% at 56%; Chrys- ler. off 1 at 56; Burrvughs, up’) 1% aat 3442; Del E. Webb, off % at 6% k

the American Stock Exchange were: | D. Kaltman, unchanged at 6% on 623,100 shares; Syntex, off 2% at 78; Wilshire Oi], up % at 5's: Webb and Knapp, off 1-16 at 5-16; and Banff Oil, up | at 2 5-16

MONEY FOR STUDENTS

CHATHAM, Ont. (CP) — The Chatham board of education is setting up its own foundation to receive and administer money for needy students. Mrs. H. Gor- don Hill, vice-chairman of the board, said many people would give small sums to help students but could not afford to give a

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. . Canada’s proximity to the U.S. and the substantial pre-

the first time in history, produc- ing 866,038 units. It hit. 827,787

in J. and has another big memth sthehihed in February—

eee

Action

PE tat th a cnaias ling Americans. This happy con- dition remairis unchanged.”

Dave Lawson, president of the Victoria Chamber of Com- merece, however, said: ‘Tt would have a drastic effect on the merchant and a serious im- pact on the whole community.” Mr. Lawson said Victoria's travel advertising now is aimed at bringing in American visit- ors, but this may have to be changed to lure visitors from Eastern Canada.

Jim Bensley, spokesman for the Greater Vancouver Visitors and Convention Bureau, eaid: “We deplore this news and 1 think the federal government . . will deplore it, too.”

M. M. (Bud) Wocks, secretary of the Manitoba Retail Mer- chants Association said he saw the announcement and thought “we're going to be hit in the

, |neck with this one.”

“. .. There does not :rpear to be anything amongst the p

culty.”

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‘WINS DESIGN CONTEST

OTTAWA (CP)—Allan McAl- lister, 25, a commercial artist in the agriculture department, has won $50 for ane the

apy Fhale iF

J

Save D

NWI. Council Aims ©

At Surplus Increase

OTTAWA (CP) — A budget, mated at $3,774,161. The largest forecasting operating expendi-| capital item is a $1,095,000 out- tures of $7,572,607 and a surplus|lay for construction of the water of $634.456 for the 1965-66 fiscal and sewer system in Hay year was tabled at the North-| River, of which $765,000 will be west Territories Council winter¥contributed by the federal gov- session here. ~ ernment.

The budget showed a 5.4 per MAIN OUTLAY ITEMS cent increase in estimated ex-| The main expenditure items penditures from the 1964 - 65|in the 1965-66 budget are as fol- level of $7,114,426. A surplus of| lows: Health $2,220,837; Educa- $477.859 is forecast for the cur-|tion $1,813,170; Liquor stores rent fiscal year. which ends| $1,400,968; Justice $741,853; Wel- March 31. , |fare $678,430; Administration

The council has accumulated | $357,766; and Roads and public an operating surplus of $2,116,-| works $293,060.

700 during the last four fiscal) Operating revenues for 1965-66 years and its financial position| were forecast at $8,207,063, an was termed ‘‘sound’ by govern- increase of $614,778 over the ment officials. estimate for the current fiscal

The council began a detailed| year. discussion of the budget that is) Main revenue items are: Liq- expected to last several days. vor sales, $2,820,000, a jump of

Capital expenditures for the | $400,000 in one year; Health next fiscal year, calculated in| charges $211,500, and Education a separate account, were esti- ' $70,150.

3 ;

THIRD FLOOR—Take the Elevator

uring Qur FREE

MOORE and McLEOD’S ANNUAL FREE MAKING DRAPERY SALE

is designed to Save You Money . . . You are assured of the finest qual- ity materials and the best in workmanship that money can buy. Place- your order early, these savings cannot be-duplicated anywhére.

Monday Feb. 15th to Sat. Mar. 13th

CHOOSE YOUR PATTERNS FROM OUR EXTENSIVE AND COMPLETE RANGE OF THE NEWEST AND MOST DECORATIVE DRAPERY FABRICS .. . THERE ARE NO CLEARANCE PATTERNS OR discontinued lines, you can be sure the patterns you choose are the season’s latest . . . All materials are offered te you at regular prices. Please read carefully and take advantage of this special offer of free making at great savings. YOU PAY ONLY FOR MATERIALS USED—YOU SAVE ON THE FREE MAKING!

_PLEASE READ THESE CONDITIONS CAREFULLY

YOUR CHOICE OF ANY

widths thereof.

prong hooks.

MATERIAL IN OUR STORE -

MINIMUM SIZE... 1 Full Width Per Pair .. . 63"! length and any multiple of DRAPES LINED OR UNLINED . . .-machine made with easy pleat tape and 4

Drapes made by hand do not come under the free making.

DELIVERY 18 NOT IMMEDIATE BUT each order will be given as prompt attention as possible and will be made up according te the time the order is received — the earlier you shop the sooner you receive your drapes!

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ONLY ONCE A YEAR MOORE and Me LEOD’S make this outstanding Offer . . . Luxurious Custom Made Drapes tailored to the exact measurements of your win- dows. Workmanship of the very finest ‘ quality given to you ABSOLUTELY FREE during this February Sale.

4

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STORE HOURS: 3 e Monday to Thursday ..........

© che © Orch e © © ceeee-

"4

I— § 9— 9

. Saturday .... ee ee 9—12.30 ” Lg : . wi > a ;

Here's How To Measure ~

For floor length . .. measure from top of rod to floor. For apron | length ... measure from top of rod to bottom of apron. State rod size desired.

We measure and give estimate free of charge. H installation of drapes and rods is desired a service charge will be applicable. _

All orders must be taken and materials selected dur- ing the 3 weeks of sale to qualify for Free Making

j Feb. 15th to Saturday, Mar. 13th. ROLE COT

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G. GORDON TWEEDY PROCTOR.

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