DAAILYA MARKET

UOTATIONS

W SUMMARY

,. By THE CANADIAN racss ..

Toronto: Market lows in tight

d . ' Yerlii Market Iewer; lat-O selling.

Montreal: Market weak in fairly heavy trading.

CURRENCIES

MONTREAL (CF) - The 0.3. douar Thursday closed at a dis- count of 4 11-16 per cent in terms of Canadian funds. I.tiIchanaeC- Pound sterling 2.66 1-10. down ii.

TORONTO

TORONTO (CP) - The stock I-Jltil Lynx

market today suffered its fourth straight decline and heaviest in four months.

Senior base metals continued to feel. the pinch of Wednesday's price reduction in copper sine. Hudson Bay was off one point to 64!: while other seniors lost malor fractions. Gaspe Cop-

per was off two points to SW1. .

Ventures lost 196 at ms. Urani- unis were lower in a zscent range as were most junior base metals.

Despite the downward trend in I

western oils. Secla-ity featured with a 80-cent gain to 8.35. Cana- dian Pmspect had a similar gate at 34.20. Canadian Devonian was to-cent loser t 88.50 while Triad lost 30 cents at 37.05. Pacific Pete was down Illa points to Slit.

index loesea: Induatrials 4.01 so "

478.54; golds M to NM; base

metaia us to issss; western oils N

2.31 to lIl.'Il. IOIONIO CI&lNI I101 Iy he caaadaa Press

touniatisu is auto aaleaa inaraea I. N I-Odd ht. ad-E-livid-d. Ir-II.rimtI

rw-In-warrants.)

. V" is steel Ialee Ital law Cleeecrge MINE Aeal Una ll HM lllh flit Aeule me In two in 4 I Aeille vt D0 Oil 1 Alum 311 -It

Ann-Lard use is II is -1 An N 18 ID ll ll! -10 AIaI& NI l5 M0 10 --I Aug loaya seas D I I -I Apc lea if M 1 WI Aroodil f 13 III 1' --l Areodia 1 1 TI I H -1 Area 11 MO I ll -fl Atlil-Id use ll II D of guguq 1 II ll 11 -5 Ali I ID ID ii of” lanai K I I I 6 larvae IIM I C ll 3 I I D -4 Base IKE H50 D G H Basia 11? G I & -Hi It-Duo use as at at Bear Lol SN IV: I Nib 6 lb lelclor Jim 1 I'D I11 -I Bethlu SIIO I'll IN HY OI Devon MC ll I1 11 0 M lilcis seae M Ito M Hit-volt HI 1 Q1 3 -O Iicrolt It 00 ll 118 Ill -1) yimqp an as I If -4 Black lay X D 10 N -O Bordnlae All ll 1! ll -1 Bouaaia H3 II (I ll -3 Roymav IM 7 0 7 itulorne I30 III! M AI 00 land OW OI II C -C lfrlhrat II)! D 0 9 -IK Brunswick 00 K & ID -13 llllffad VIC I I I Ruff Anl ISM llll IN 104 -1 Bull (ids l3O INA ll ll -I Bull Rh SN 7Va 7h - Hulchril IBM U H II -7 (amp Chi) IQ I10 1 IA -H (tin Albwll II? II II ll 01 C DVIO 3400 IS 1 3 (dl Tb. I00 I I IV: --Ito ranani IN I I I -I Casdon 11111 It I 50 of Cea-Erin sou U I C Can-lot I46! I1! I” see -I c-let HI 8350 HI ID I -G Clptlh INII II I I --I caribee see I as 0 el Coda! ll OI CG II -8 8 U0 (IO I6 -0 C I OH Q can -C Cent Pal III III III III Cut Pot! I3 ms ll llli -ll (.1 I M II It ei Qli Jae CQ I II II -I Ii I I I -O Chit I ll ll 1” ill -ll Gina HQ ll! ll! 18 -I Off II 1 X I -I can if)! It I U of rise! VII 1 II II II 4 (ma: Till I I I --I C IDCI I01 I l& 90 ceaieue I& tee in tea ei c lgtlehiuf seen I I I c cauiaas was it as at rue C can in ie in it C DQIZ VIII III we IHI - K C DUI wte I'll Itlle lilh ll -5 C Dienov IHS HI I70 110 -10 C Pan INTI IN I53 I. -1 C0 Anew Ii; I I. I: C Olaeyaaa ll 1 I c Iauwd 1 I I as -I C IIICC Oil I II II -I (III III III Hill Bid III C MC!!! 0500 10 I II -I the Nsgaa aooe am so IN on Nirhl I500 I I I III I I I -0 SM I7 11 If X Iii ll I Illfl II III II -4 II?! 100 ll ll el 83 I II I III II I I ll IH I. II diff I D I 73 II 14 I -l 3117 X E in Im II Na I0 3 II I U4 -I IIJC I! I4 it -I I'D I I I I3 II I ll -1 mt I IS I l1 l1 MW UH mlih II II II OI 'II II III IN -I f IM IDA Illi - M III IIK 150 "N X I II I IK I I II 1 II II II -rl 3 1. I81 I10 bl lb 3 D 8 el 1' I I I -lf 3 I I I IIIQ I I I I II I C K I I I -4 DC 3 I I IS If II It ef IQ II II II -I Z I It I -I & II II to X E II VI -0' 1 II! II II -I II D D D -I I I II II g S H H MK II! I565! '33 " 3 8 " D : II II -V & I I I -D 3 3 I I e H G D -I 1 I I ll -4 f g 100 INS -It! imhu "ll ! C D -I I I et IN I of I I0 - is r 3 - I it --it 8' :7” ' " --I ll ii ”' I O --I -I i: " ,3 .. . 0.

ziylilglgg sssiieimiiiliiiii ensealeeiad hssafniini

gggiglgsssggss El? iiizifi sszizaliaizggsr 3neE:l":s:iIi,:'i3ig:.-.g:EE'E E5833:.!g:5QE.,:l3Es:asaIE:.:i neE.Es:i5i,,:iEa::s:aEi:-zl

iiiililiszgg egistiiliaiitiigiiismisaiiiss g;,'a'c:::2:-ug:EEu.::g:nsaE:ug;gEE.:Eas 3!3!8:'.5t:8flg::i5I.SIEt:ISli':tf;;E5:;E3

'5,3'iiilll5!gi' ii 33; :a izisiiiil .9: iissisziiiasggaiiaasszi 3 sisziiiiig .. .- - .. .. E:;;5aaaI:Es'! Si:.-gdeasigixagag:3:i::a5a::g:!ug.a5!fs:a;3n:: .3 Iaizgads :! 3::-.5g:r:sci-;:':!:,x::n?3ss-:5siggzgii-sgaaisss jggligstsaiz a'3 .::.:.-.-'2nsaxgz:::s::E-:5x32n8E::x:a:inn5h:a: 9

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l” -ill Iilgflillilalniiiigii

Lanna oil an ill II II -I C Dal In TIT Ill 3 X -3 Cent El)! 7500 440 (D II! Chant HI I. (ll 3 Cmru N N id -1 C Atinnbd 5. Li D U 0 K C Cnrdanaa NI I II I 4 C Dragon sea I (1 U C Eat Cr 1&1 I! ll SJ 4-! C lie III 13 SI 3 K -I ,4. Lou Faak me u it ii - is C West Pete E lit 11. ll -1! H. Cree oil use .30 It If -I Cree site 3550 ll I'll I10 -10 4 Dev Pal as its an -e - Dome Expl 133 Ill Ill ll Fargo l 115 etc no 4! Gal Pete I K H II -I ,. Oea re: A less as as is -s .. lllglwood All I 18 I --I Hills Oil A lll.'i Ill?! IIM 155 - K C Hulls Oil I 1131 Ill9i lUVa IX - K - JIIIIIP PM K 57 50 I5 -I 4 Jupiter KM & 861 L51 -1! ,, Lib rate no no at m ,4 LI Peta - Illill 9 ll 33 O H Iaitranl SWO Oiri I O Marigold ' I154 13 4- Va

g amt-on mil in in -s ..g Mill Uta 1.500 am revs-vs 1 hat Pale no 400 ten -10

ugly ” N Bristol 8600 I0 74 71 -C :3 Dom 490 295 III II -I (hamb Slot! 128 130 21 -J - Sf!-)uIIt 0000 5! II M 1 .1 axles 1300 I6 25 II N Gan Expl 3100 315 III 110 ,. Nnrlhcal sill OJ ll Cl 4 NC Otil 7il'I ass no sin -to -1 NCO win too up we no -m on beiect 4'-no ll ll ll ,. nitslu mo no 171 215 .,.g. Pac Pele ms 532:: ill. Jm -its H Pan we-i mo 7n in s1 -3 H :2-" ii: 3ia?'.1i or -.r -1 rmo pr - 4 garuvl oils no 182 lltl ill -6 3 are mo it n as -i :5 Phillip: Zllll I59 152 155 Ponder mo 10 s1 s1 -61 g, Print! (in am Jill no no -l5 .1; alctiwllp ms 250 us its ll be .v eta l2l2.'i vs 7: 75 -ll Roxana 14000 I) ll ll -1 4 I:,yal::. .4. salt, iii. Ilia .1 Y! W 130 &i6'A MK II o Eapph debs so so 1 el em -s scurry 5655 no ass us 4 secur Free 16775 as no 05 eh ,. Booria I500 24 is it 3900!!” 11700 07 Id 01 -I 4 gunygil 7.14;: L50 lot too -I I 1000 I0 I59 I -I Trans ran woo 110 no us -43 Trans Em am 35 190 290 "” Us Oils mots ass sis us -10 4 Wayne M00 24 am it 41 gl wupeo iotoo to 4: ma -iii W Mayaiil 700 ill in ill -4 W Decaita 20k 100 1.30 E when lit! uoo D5 is as w Lease loo I90 no use -lo W Naco 1500 IN 105 ll -0 '7 " Yul Can noon 1 1 1 Dirt Dalhnueie I8) as ii at -s t" -' nasits r Iloni eto um MA t7Ve v 16 Nova Scotia no no sol. 50"a -is M coma lie us wt lav.-as ills ll. ( IIDP l03 I35 5-l 55 r Va if ' 711 I700 NW 74Va - It : Tor Dora I307 in-ameuss-is m SDI)! IIAIA ilu Alttiliial M 1275 Hit us. use -ins Aaglo N 63 one Ilia Illa-K C Iruw also man i I -it 3 sum loo mas LI: g Ieel mo mu - lniand 1110 Ill 10 Win rill Nor star lass sis is Mia-M H Pembtna new mo ml. lm isvi - to Stedman 340 I34 It at Walnwr inoo till no so: tl -41 Walkers so: in ma 77 9 It

-3 lslea to clme: :l.7u.ooo. 44 roam:-ro Laianizna riluasnu

adlaa orese

ly he -4 Itool lalea Iflgh Low clue cra-

-I sell Phone am sun. at it --u r '4 . suptul (if im in so it oi HVI v n am-i ord mo f25l'u m. w. - as.

-7 ar-ml use wt Sh M-as NV: Cdu on em as say. say. i it

mus l.I Pete lilfifl L1 11 22 iii

Midron 70011 ILV 155 ill! -I -3 Wayne moo 2.4 nut 14 of

Pall-Went SM") 70 05 I7 -I 4" security sons u.-l sun can no -5 MIN '

.. .4 MONTREAL

MONTREAL (CF) - The stock. -4 market Thursday continued its -VI recent downturn as prices on the

Montreal and Canadian stock ex-

., changes lagged sharply in fairly -a heavy turnover.

Papers was among the hardest hit sections. Consolidated fell IV:

-4 .4 at 32.”; and Howard Smith went 4 down a point at 31. international

lost 3'4. Half-point losses were erg-

-l lstered by Great Lakes and Price .. Brothers.

4 Nickel and Aluminium suffered -l' in the metals section. Nickel went -1 down 2h. to looks and Aluminium 4 dropped to Hit. down ills. Nor-

ends and Asbestos each slipped

is. T" B.A. led a downward trend in -,, oils. losing W." at salt. imperial -as was off h at 57 and international -'0 down '1 at tau. Canadian gained -' ii at 3514.. in Pipe Lines." inter- of provincial fell 13': to SW: and :'iA Trans Mountain dropped We at

11!.

:f Losers in steels were TN minion

and Algoms. each down ls. Braaill 4! climbed is to Win in the utilities -1 oategory, while Gatineau gave 4 away is at 291i.

In a mixed to narrowly easy

- mines and oils section. Hdme Oil

-ll 3 fell a lot to W and PIClllCi Pete lost

,, lost 15 at 3.40. Bells-chase gained

-1: in-ven at all and Bonnyvllle added

four at as.

T” The l-xchangt-s' closing aver- ,l agca show banks off 07 at .i.'i.m. ll utilities off 0.1 at 153.0. industri- rlli all off 2.5 at 292.2. combined of T" 1.9 at 245.8, papers of 26.45 at

I253 37 and golds off 0.49 at Mt. MDNTIIAI. CIANIIO ITCICKI Iy The Canadian Prue AIMIM 1l'a Gt Lakes I

-1. Aboloa It In: Smith ii hank Mont I7 Hud Bay Hill I Ran! N! on law Oil 51

"'.' :::'.':::t 3 ii. if: 521' 12”

A lralatl "lilo l'l.aa'e-.ll.ar 1: C Cemelt 11! Icfefl me C ceninl y 2 ft':-auaaa envy. C In C3 40 On For 3

3' on .. 1'... ”"' "" I2...

.. ”" ”'''' lit. ';..”..al' 12

"3 fit... it .'-'."'..... if” 'f:.nIetIge'.. ahrll CIAVAIIAN 1”

- . hm: Yer lite Case rt. 1

r 'I . out Ford in

'.-.V Frill! I

II , NEW YORK

" vlolrr scan wall at . . .

ii: i mew voax um - The mi

HI marbet continued its slide Thurs-

: day, wifIIW;fiaa.taI.alng gains

.. ID I!

.i hate trusses er erased

-8 a timber Mensa.

-0 issues was news from treetuas to tea or so as elufll I13 01 he

a worst ef I W by

; W2. JLL. .afI.e'e'saa”m:

J venue II :98... a this

and preferred stock: which new ville ore lnattractive yields fir came-minded buyers.

The Associated Press average of 60 stocks declined 81 to slszi. putting the average back to about where it was at the beginning of May when the market was start- ing to set highs for i951. The in- dustrial component dropped 81.10. "the rails 30 cents and the utilities Ii cents.

Leading the continued downfall of Canadian stocks on the New York exchange were Aluminium Ltd.. of! IV; oniaales -of 7.IW shares. Hudson Bay Mining 156, International Nickel one. Dome Mines As and Mclntyre la. Cana- dian Pacific. trading 2.100 sharu. moved ahead ii.

Canadian issues on the Ameri- can exchange were mostly mixed. Gainers included Scurry-Rainbow, up 1-in on sales of 12,500 shares. Fargo Oil 8-in, Brazilian Traction Va and Preston East Dome 1-tn. Coming down were Sapphire Pe- troleum, off I-16 on sales of 10.700 shares. Shawinigan ll-2. wiirich Petroleum: ii and Mulybdenite of Canada 1-16.

What Stocks Did

... . Tilurwed Advances 269 283 Declines . 615 106 Unchanged ' 262 zfll Total issues ll-ifi 1l7t NEW YORK CLOSING ITOCKS

Ietl Steel Al Monty W

Borg Warner Illa NY f'ent 335; C Ind 0 NW Radio Con! JIM Cons Emaoa I1-in Sm oil NJ ask D AIM H WM Utd Aircraft 6'! an E19: 881.. Vayladium AIM Goodyear IO Westnaae use Gt Nor Ry tilt Int 1''! MW Keaaecott llllla

PRODUCE

MONTREAL (CF) - Agricul- ture department quotations I

Eggs: Wholesale dealers prices to country stations. wooden cases.

dlum 37-38; small 14-25; B 23: C 23. Receipts 269.

Butter: Current non-teuderablei ble receipts 575a. Fresh-grade? creamery prints lob price 5illo-- 59'v'u; fresh wholesale non-tender-; able ST-V4-53; fresh wholesale ten-.

receipts 57 - 57V: current tendern-

derable 58.

Cheese: F.0.B. factory. Ontarioi

white 34; colored 34; delivered

Montreal. Quebec white 82'a; cal-i tea to play an important part in developing the International Fed- 3511.; colored 351:; wholesale Que-.eration of Agricultural Producers which had just concluded a cori-

ored 3214: wholesale Ontario white

bec white as-5; colored 33'!-. Potatoes: NB. 75s 1.45-1.60: N. a. 50s .90-1.00; us. 10s 24-25: P.E.l. 75: 1.75-2.00: California 100s 1754.00; P.E.l. l0s as-35

GRAIN

WINNIPEG rcri-Most price- moved in narrow limits and gen- erally lower in moderately active

trade Thursday on the Winnlpegi

Grain Exchange. Selling appear

in all llralnn. in milled by f"';tioned briefly policies which had

orsbla crop reports and rain the grain-growing belt. Only overseas business report

Kingdom. Overnight loadings of Canadian wheat included: The Netherlands

345.000 bushels; United Kingdom m... t ".0. Candi" arm”.

530.000. and Belgium 170.000. Closing prices:

Oats: -lly in l0Vj?V1703 ”0gi,,,: ed New Brunswick. farmers more l0V'0l' WV455 Dec 1 0'" t 'ithanP3il.000.0M and Nova lcotia l d rill Ed Yd T i fldi eth- Vn low" 9434 D90 it 10"" 9”” ii: almost. doliials tin: arriunt.

I

icontrihuted in improving the far lmer'e position, as had laconic tax adjustments and price supporta.

No. it 1.2195: 1 durum 2.365s: :3 WHEAT MA3KE'nNg

Bari: Jly Vt lower 940:;

Flax: Jly 1'23 lower Ltolh; Oct iii.-1-la lower 2.3lViA: Dec 1'5-l lower 2.33":-2.34.

Ryg: Jly lg lower Lona; Oct in lower-unch 1.0156-9i: Dec lower 1.0655.

Prices for class two wheat for export to countries outside WM: 1 Nor 1.6256; No. I 1.5898: No. 3 i.52As; No. 4 1.4496: No. 5 l.29ii:

3 1.2556: No. 3 2.3356: IWA domestic prices: 1 Nor 1.6258: N0. 21.5858; No. 3 1,525.3: No. 4 1.4498;

No. 3 1339:.

Eden Cheers

P' M0 lcanada are at the present time

Losnon (CPI--A cheering and . cllow l icountrymen Tuesday loatled with

wildly enthusiastic crowd of

police at Eusion railroad station here in welcoming Dr. Kwame

Nkrumah. prime minister of the; newly-independent state of Ghana. 3 Nkrumah is the first of visiting

statesmen to arrive here for the

Commonwealth prime ministers”. conference which opens June 28. 3119 per bugheia wry rm, Fri"

A police cordon struggled for 20

minutes to keep the milling crowd . In! Ghana clti1.cna at a sufficient

distance to allow Nkrumah to talk to the Earl of Home. Common-

," 311... Unnm mgiwealth rclations secretary.

Police had to force their way through the crowd to escort Kkru-

imsh to his car. in the melee. .Vkru

mah got separated from the officials who had come to receive him.

Nkrumah was reported seeking.

Commonwealth funds for a ll.-

ooo.ooo.oon project to harness the

River Volta. MEANS MUCH

the difference between a limit economy and a humming. indus- trialized community that could set

the pace for Negm development. Lthrouizhout the African contfnent.j

The scheme. with the twin aim -of pmiucma illfdro-electric power and extracting aluminium from Ghana”: h " deposits. call! if! construction of huge catchments and power-generating bases. do

deposits and the buildup of smelt- ing centres and building a tram- portsnnn system-including road and railroads through jungle and swamp from the coast inland.

A Bruith-Canadian group assoc- iated with the Volta scheme is Aluminium llianadal Limited and the British Aluminium Company.

The Canadian group was the concession to mine for bauxite la the Gold roast as if then was in int. Three years later they teamed up with the DFICQ com- pany in develop production v

ernments. IAIIRE

sprInaeweraII&eol srillse stare-coaches I am John wsrde.eissa&Q beaten.

in

generally g reflected in lawns which in some

ed too thickly. HANNAM AT SIIEDIAC

of Agriculture. speaking to repre- lsentativea of National Farm For-

U I at Shediac Cape.

extra-large t2Vs: large 42; me-T

attended a meeting in Moncton to

' fayette. Indiana.

.world trade policies in food and

tin the Maritime farm economy. was in barley where small parcel- l Mukwnz Mam. legislation Ind lot sales were made to the united lmarkeung board, hm only been lachleved after years of struggle

measure of protection on import-

.IFAP conference at Purdue Unl- lio. 5 1.2955; No. 6 1.215s: 1 do- iversity expressed in strong terrna mestic durum 1.9698; No. 21.9556: this country's cmicern with prea-

TM Wm. Rh" "heme munihnwever. intesification of surplus edi

veiopment of the nearby banxitel

AMONG THE FARMERS

Federation ef Agriculture Newgletter

HAY PIOBPECT3 Iins agency - the Canadian when It would now appear. unless a Board .- in. .11 1,,

t hange takes lace cu ape" . very gt-"fl ltd ud mud yll - relatively small amount represent- mil?! iii uiie a light ha 15:”. ""1 '-""'" "" "”"' ”'""' """ :1 y u is s in goodytiekla. mam” any-oVu' No nwlu

V" '3" all an "Mm d Dlyment, or advance payment: of :lII':nllI;'l1 NV y :m .. :hmungl;l':u . any kind, are made on farm held

u-mu” ltrnln,

inheadwhich nieansashoatcrop - ' ' " ” and a thin one as well. EIVQII fields id::.1:dt1: yi;::.mE::';m.':'n ).”.".i”'i..'.'."f...””.'...'-".3.'.i -ml: prom us mm mm second crop to protect them dis- Wlumuny i "ad mar "'9'" play vq-y ordinary growth. The phmed by b".w""' 3 0”"! 5 l?" ummuuwy growth L. cent -- and this from levels which

were not inflated over pre-war lev-

cu" did not Rd N be cupped els. The estimated acreage being until the middle of June and when . Seeded '0 "ll"! "ill Y"? ll '1

done earlier than that made little l '39 "West Pm! - time level since

growth in tea days. h 2” A number factors ave prob- l . ably contributed to the present sit- PMRYING "5z'"u

0lll"9m9lYldl'Y- lo? "'5 most P3” 1 nevertheless interesting to see