‘l r———* Thofluardian. Charlottetown, Wed. Dec 11, 1963 lsnominion round *7 IL 11" 14 1 . . ry and steel! ""9 . _ I V» in nu. mun. is 12 is —-2 iirnnu soon we is 12‘ “ -lost 11.2 points to 047'. while Al- 8 “'°"' .""’° .“ 6 °.°° “"* '5’ '3‘, 3‘ “" °‘’‘’ W‘ W’ ”"‘ Ilont Loco :00 I18 13 X1 iuonpre 1000 I 0 a -1 ‘goma Sig] dded . l A"'"“ “"0" “ ‘" l" --1 G‘““YK 15° "°”° ‘W’ ‘°""*’" L D'""'"' II” 7°" '° W’ 4 Mont rruat 75 an II as ——:4 Mt Plunt 574m 120 114 115 1 e. 3 ,5‘ ‘°”’“° ‘"00 92 01 Glnn Urn 17112 5% s is Lk in 2300 7 7 7 —1 ——_‘_ I mm" can an “M mi ‘O u mu M 2 + Faiconbridge rose IA among Ccdn NW 7955 on 4 4 _,,ii‘ Gran ;25 um im im ore 159.5 zio :10 210 MM opened on in weak note. firmed Noranda ioio aim .-in M: ii Nat Aul. Vd soo iso iso iso -5 ‘Senior l1a_se metals. but l-ludsonl ti-ii’-ii-(1)3 2::-. in 20 +5/1 gran-iiirny :62 i4 is is -2 if:-:1-Am 3% i275 ii; _i S in the afternoon d i- Oauvie .59 3"“ ,4 Native M I000 7 7 7 _7 Bay Mining was off 7'4 and] . _" 0 6 -‘/1 ""1"? 74° 40° 395 M —5 . an ailed off so 14% 1-‘ 3 , . Cariboo .o 5- as as -2 Cult 1.. mo 5 5 5 7 tch iooo 195 195 195 +5 tw d th 1 °"' 5"" I0! 321 20»; _ N °."'‘‘ "’°‘’ 3 3 -7'»: Umled Keno was off 15 C®nl.S’Casa 7- - 1 . ' I we 15',‘- o ar e cose. P“. Pei. H I 1/. ewmii mo ,2 ii i i :1 r !()_,o 3.71:. ms, 1.,-_, W Gunnar 35.5 795 795 795 -5 .1-Iberian :50 rt 37 THE CANADIAN PRES“ e composite index was un- MONTREAL (OP) — A ricul Penman: 1:05 m m' m""" NW Am 7ooo 7 6'5-—I 0 $570‘ Ca 2 -oo 19 ll? 19 +2 ‘Har Min 160103 UV: 9 to +1 I 1- 14° 50° 15’ 15° ‘-‘’° Toronto _—- Market lower; ichanged at 126.2 and declines‘ll“‘9 department quotatloisn. ' Penman: pr ‘... in 2‘ 1 ' “°"° 7"‘ ‘°° mi“ 1”‘ 13”‘ sh‘i-‘i'i:‘°;“‘ii ‘iilzecumive °"5' Wu‘ ::Jti’c ill; ml 1°: “‘2 my slid: ban, 1:1,, 1:-,7, -2 ‘E3131: 1&9 17: no N: I 7 . ' ‘ " '._ . heavy ti'ad|U8- iheaded advances 87 to 67. Eggs: Wholesale dealer prices pf," 0° "5 m“ 1"‘ 1°“ N rtiluiix 7:3: lfidklgza id” 1%‘ on med icems. t° $1 - Clnkirlr 14000 oil oi , i “ii nigh neu 500 310 :00 am _ l MINE“ 1347 3“ 35° 35° 4 New York -- Mark!‘ l|‘|‘€8u-i Banks suffered losses. 'drop.1to country stations wooden car- QN°°GBr 1200 an 3 377/. NW cum moo - «-5 i 22 ex. ndustriais were 0!! Chester iooo 14--;. 14;’, ii-., ., nil Hoiiingr 1135 :27 mi 25;... ii; Madsen too :21 5 215 ~ miy higher; moderate ii-ad,“ lping 0.5 to iziiigi imperiai ieii ions: Em_a_iame -#46; large on go". 2511:: “$28!/4 are av. + is ope,“ Eiipi mo mi mi mi 7- 133.90; golds rose .58 to Chlmo 42m as 67 57 iiud Bay 265 am’: 571/4 s7v.— *4} Many 3500 our :15 av. _ i-931.. ivinrkeit lrregu- .1, and -1-(,i.0iii0_Diimiiiii,ii_ Roviii 42.43; medium 35. iimaii iio_ B M, A M ‘N M 4:“ -1: Patsllvr 1500 11 ii 11 45715.. base metals fell .27 to gzrzmwiri 4‘-i_o 105 ion loo iiiiiu Pam 9-,, go, 97,, . t,-. iiiiiaianinu m4:.oo M as i ‘ M 13;-l_v lower; active trading. NW, scam and Mont,-eafi/‘ 35 and C 28. ’ Rio Altioru 100 21/2 12-». 12-4. 9;“ ‘if: ,3 “go, “fit. “$5 ‘'10 l to ilongowestem oils declmed colno lot all M all -5 l ii-iyfnu Ex 3:30” n 2:9 zip“: l 2:11.553! 1540 10 17in is ' vi eac . Butter: Current receipts iion- Roam“ 7°’ my‘ "‘""" ‘N * ”4 Porcupine sooo av. ans :3. l" " ‘The °"°l"'"‘5° ‘Mex Con!-an Ioaoo so 50 ‘Inc moo 192 105 186 -4 lM'"‘l° 15” ' ° ' " “' in senior base meiais ii,aicon_iiendera|bie 5i_ 93 more ind Roy-llnlgl soo 89% 91/. 975+ so suiiiiii W “O in is“ _ was off_ .21 125.17. Volume Con-CYK zooo 9'77 91/, 9L.+ 1/; .1 w t 10600 15 iv: 12-4-2175: iboy son 12 11 ii bridze gained a oi t’1 t ‘able 513/. 95 9 er’ s,- ,'"k 1'" '7’ 7”‘ 72*" Tlche in 10 io “35 4.0/-5.000 shares, compared 9°" 5"" 00 211': 21 Jacobua iosioo I9 is is + isl M'"'“"‘ 52°" 3’ '° '‘ mmai Nuke] panriIi.Nn eriiia-is 4. score tenderablo shmnhd :11 iii ll .i..iiim_ii ,0, ,3 79 M ., with 3.395_ooo Monday Belle i600 7 1 7 iJn_v Exp] 4500 9 . arcnn uooo 9 av: av. ' _ - Oran a1 - - v . -. . , ' - .ii 1 __ Marillm -ooo «vi 6 MONTREAL iCPl -— The and Consolidated Mining ygl Cheese: Deiivered Mont i 8”" C" 5°" '15“ ‘W “*“‘4 $1.311’-2 ‘:3: ll: 46% 2l~:—u., “mono gm” gonccamggg ism : § ‘.5 ,ii, : iznflk 1(3) 2:” 2-5;-,4 2;, ,v‘Martin 43250 so 55 so +1 Ufllled S”‘;"dd°uar 1" 'e{Té" °§ (‘;3°l‘~ H l’ d 50“ Bay Mining Waxed. current receipts- wligii ?'ii::i"’;‘;v.l'f 103550 gig; 3:7 25-4-36 Trnter zoisoo 179 155 177 .10 Toronto Stock Excha.:ge—rl.).re it) C Diwov 43200 101 91 1...‘. Ln’ """i""”' 750° 12 1”’ 1”’ -1 ms mm 10911:; 1:: 7 ll- Canadian un s was up_ - 8 P0-Med hi and Hollinger 14.. sale uebec h, _. » Si . 107'. [in Obllaltl mo 4o 4:4 48 +3 1 C_ompltlab'.iiation of 'l'iisday.t C F“ .. 1°15 15 14 I5 . "' 29°‘) ”. - -1 1.07 29-32. $ili’ii)1lind3jit;erling was Utilities were off 0.5 at 121.1. i35I4_Q W ‘*9 35%. colored &i”ii',_';’.°i:‘i am as»: 3;‘;-Vs VIn:i:LI’d 5 as as ’-In('l;(:ii:.‘tQumat:)ns in c .,,',"';i Con ciniis mm 5-4 51:‘ .i,. 1,’: 233 27nd 2-6‘a 2si.— in ”“"‘_’i_' 7355 ":7" “ “;"'* 3-16 at . 1 . Inter rovinci l V - stool C 2070 :22 ' ' '°‘' "‘—E""“"‘d"d- °G ‘“’°“’ 150° 31% 27 -3 < ' - - 7 ' 1200 no 30 10 -35 up siippgd la. aB.C_Pl1")ee1ei,iIiJ°i,i§ en: lce§:'£omlilkii‘:";“l’i‘lg‘;’11 gum iioo 34% 22'./I 22“ vllll?‘v‘ll-in. alas‘; .3 M3 353 *1 3 :h;iE;“lhhu'trlr‘rvn -DlI"‘l’,llI:1’:rra[r:;.m\ie:lg gtliui 3% iii 1‘ l4 l kfmlldd T3 sigh so: so? :5” lsoo 19 . and Maritime Teiepimne Cpnipmceess-No ii“ , Once an 75 354% 54% 5496+“ York spec zoo rm 6 6% closing sale) '° _ 120 124 +5 5Kirk Min iooo 14 14 14 +1 °'“' 33°“ ”’ - * - I . bags 12 . 13. or-Dom son __ i . Mogul zoazzo 293 274 9 ..i5 ‘ K‘ k T 500 _ ' 15) and Bell Telephone ‘/4 each. wfeed 11-12; butter milk powdé "H A mo W‘ “ “VI Total um: lndullrllln 144i.soo. mines Stock in n _" °""_*on woo 5 s -i ‘ " own I I7 W” 17 ‘ (Continued on page apers were unchanged at-feed 9. T’ C c'’''’ “"5 *9’/' 9”" WI and all: 772-600 .llIl\"!h L" am ch" (C: M315“ mo 1” TORONTO (OP) . Pm” 1139- Great Lakes gained Si. Potatoes: Wholesale selii Tilcnliltl r 1. ‘°“I'?'$. 311% Ml‘ ml’? " Advoc-t 1075 055 650 too .2» cu: ‘:75 W’ 12:“ l V‘ '\'/° were steady on a (air demand and Fraser ‘As. B.C. Forest and price: Que new 75s 1.25 - 13?)? Mon 1 812: 35+ l2“““".’ 3991 46 47 45 +1 c Nonhid 3400 201/. 20 201/: ' " for good and choice steers with Consolidated lost V4 each. ue new 505 90, N_3_ “W553 Wllk cw sea as 59 -1 iii: 14600 :1 21 21 c no Pop 2100 12 111., .,,i lower grades of steers slow and lndustriais were steady at 150-1.60. N.B. new 505 1410- p ‘5’ 5’ 5‘ Ami iii‘; 23:’: 1;“: 1: 1:34: +214 5 Saninrm 54240 in 9 vs under pressure at the Ontario 127.7. Rothmans and Du Pont NB new 105 PE nu; Walton rt 3: 1-5; TORONTO (CP)—A big play Anacon ooo 2a 25 25 _:,4. ctdliwscd ism; ‘M 39" 33?, '5 . Pulill? 5l°°‘k3’3'1‘d§ Tuesday. added -it each and Famous white 753 160-1.75,'P.'E.'I new Zoum av. :31?‘ ;glZ:::‘tor few speculative issues '§5li- 7.300 ii a s oi>Man 10500 low to io Heifers. yearlmxs and cows Players. Zeller's and Dominion white 505 1.15-1.20. pm. new CANADIA pfovided oi, mm, interesi at 11):“ ?°" 1°‘, 10° 100 -2 lC"'|l|ee zooo 24 were steady. Glass ‘/4 each. Sim son's white l0s .30-.31. I I H Mu ” the stock market Tuesday as AN/lrcadia ll?’ all 1325 —% €°"'»”" W5 l9 "3 19 “ Veal Calf Dflcel WEI‘? llrm. dropped ‘/2. Imperial Tobacco flu. A M M "0 34° "'° ‘the more established seameiits H C Cop am it on so -1 c3:-"ch -W) m 7‘: 7" '5 gog prices were lower and liaiand Chemceii. Canadian Avi- Cent 1). me can an _. infill: saooomgiiml 91,20 51% :,i,g!of the market slipped slightly. ""95 Yk iooo 7 7 7 —-vi cniifili 11-l3('l](l.tl) 3: 3'7’ 3? _] sheep and lamb prices were ation Electronics, HawkerSid- Chemceu was 312% 1295 12%-—3fi An Am Moi iioo 100 155 160 '1 active of the specula- i"‘"’R“' 7°°° 7 7 7 ‘ "‘ "9 ‘7°°‘’ ” ‘Q 1*‘ *1 Hows es dos urkle 6I93dY~ 193’ “id M35S9Y-Ferguson 1/; C 1 12:00 321% 215; mu. 9; finlhnlfl 31000 3 5 3 +' tives was Candore. up five cents naillr: 21133:: 3251: nos all 3:512". $3.33 112% W5 "M ' ‘T Y P . . . __ 4 _ ' — on ... - - Slaughter “mg 3.096. Choice each. _ Coi can 3:: 3% :'/i :% Am‘; “i mm 2” wi4m4_3l.¢o m cents on _ 5 are5_ Bankficld 16000 15 15 is DeCou'l’ 5637 7 156 1: ,l at the brilliance of .19;-rs 23.50 with sales to 24 Oils were slightly higher. Im- com Paper sss 0391/. 3395 3, :1“ Au am as 2s 25 +1 It was followed by Belletcrre, 535'“ ’ in 10 in Dr Horn 5000 55 54 so ti ii d- d - and a few fancy dryfed eers «periai added ‘A and Texaco, Pa. on M5 1040 so so + 15 Baker sooo no, WM iMoiidayvs most active iisiiiigi giciin soon 34 :1 31 -3 n-aidon. 1650 i s l 9 l°l"l°" 559"‘ °Ul’ in 24.eo- good 2150-22.50; me- clflc Petroleum and B.A.0il1,fi Coronation mo saw. 41/. av...» Blue Ban 900 815 no no lu eivht cents to so cents on ° "" ‘’°.'’‘“’ .’9 " 5° +‘’ ‘’'’".'’a° -1500 21 20 2012-1». - d ii - i dium 19-21' common 1 - 18- each "st Seal 561 no so _i. Bornita isoo io 10 in rig 80; h res ‘ gililm *0 t-7: 570 675 -5 .ne.mu- ,~.o7 7.1 - ""95: all °l 97 Pleces . . . . - , i __ ; , s a . eicnn 9inn 13L 15 15;’ ,. 1,, ~ _ i._ 75 _ “l‘°‘°° h°"‘.”5 z2'5°'23-5°3 '3 In food and beverage issues. 1) nB1ie‘id:eu. llloo ll:-2% ml‘ '14!“ + % gurztulli.-l 4000 Z 3 2‘ 1 '1 C0nS0lld8l9d lVl0EIIl \\‘as ‘W5 777"" 302 27 02 ‘2 . Dirlitl-so go?» goo _ls ziii-ri2;i2:_omediiium 17f-gig; coriiimon waike,-.G0(,de,iiam Mi ii iiiiiiii igoificn 2i.-1 srs as 7 (camp Chlb too 297 297 97 +1: iahead 15 cents to $2.92 and Wiii- ilziiilgirzvflav ii. ii: iii --1,: Enniiiiei.-M 9;-I 9‘ 9 ,1, I 1 - ..-i ; c oice year ings and D,'gmiei.5_5ea ram ii _ .a 120 sin in is + in lnmubifl 100 34 ' 345 ‘chester Larder jumped 41’ cents » ' - ~ . ' "’ 5 2 -" ‘J 5‘= 23.50-25.50: good 21 - 23; good lantic Sugar V4 eich. l.‘dl:laivMA 305;: W M 15 ls " " §“".;°‘.‘._.° U" 7” ”° 1°” “° °“ lto c ii in other zhcavy :57; I10 , ..‘.3i‘i’ cows i4—14.50 with sales to 15: and Dominion Stores gained ‘:6 l 0'“ mi“ ll‘-1* 1‘ C: in... moo ; ,1, 3 ltrading. Salem added 131-: cents ‘fut! link 100 217 217 217 —3 ; Eldr 3237 7o -7n '37o ii medium 13-ii-iiidcanners and cu-t- each. indnoiyue 045 Cu: 125 125 125 to 41 cents. ‘ :.:i'i’i{im_i 9;: 3:7 ii 5| finl 34000 5% 5“: sis iers 8-13: g heavy bologna in speculative mines Tia Punt 100 3-iova 401/. 4434+ so Chem-lo.v mo 41 40 40 f The industrial board was C. ii _ . 7 1- 1 /urn am 19 ion, 1svi~ L: hulls 18-19: common and me- terre turned over 261.500 shat-2:. I;?l...l::lll,,p' 3309:“ ,.,,6"i',,,,i.“ €.','.,§°‘3"‘L xm JV’ 3"‘ M3“: .mlxed. with no marked trends. <~:l:p°cnh £5.23 2:: 29»: Tl Fl»:-(_ma'Yr 4:230 mils glzmgl.-. T-l "3 Km‘ st’ Cwwwn dlum 15-l7~ gaining 10 cents. and Talisman Falcon 7 97 57 +1 modor I50 445 445 445 .4 , Replacement c a tile 1.000: rose three cents. East venture, I-‘am Play ioo siov. 18% is:/.+ in Con c Cad moo 2 5 7 +2 | good light stockers 23-25: me- dropped 12 cents and Bruneau "’ U 5 5"” ’°“'’' 5”‘ 53'/"4" C M°"“" 5°” 5 '5 '5 diiims and commons 17-22. two cents. _ il‘:“"i°,' 1 13 3' 81'" “W 4 ‘ * VI Calves 689: Choice vealers MONTREAL CLOSING srocxg arr Ber Tl: ion :12»: 1233321/a+I4 couvxter A id’? 3121/. lb lira + to 32-35 with sales to - good .v ‘n: Canadiln Prfll Hawker-S zoo 351,4 51/, in Delta Else 2so no 28-31: medium 23-27; common -“° "' Sim 7-‘rel--nae—Dee Holllnser 170 3257'. 251/. 26% is Exvl 4500 2'! 7 +1 20_22: boners l4_l9_ fiiilglapletieailaoiiiiiiaiititzn (it Tuesday trans Home A 137 512% 12% 12% — 36 E"? V" 359° I50 “ll "0 *1‘ Hogs 1.740: Grade A at 'l'or- markdtj. 7 an" i,"x£';'.;t:..,i'V‘,i,,,,,_ ,’I§,‘;'..,”'g,. :33 *3 5,7‘/' 5.-N':: Esq» 7.3’; ilm ili 131.4. + V. . OHIO 35-35-35-70 Closlflg 81 26-15: "—Dr-rishtm xw - Ex arranll_ Net imp 01: 1165 344% MIA 4456+ vi Fl 50° ’ ‘ 0 heavy sows 17.35-17.50; stage ‘c‘-.*'':i':= 1- lroni previous boardida imp To!) 650 313% 13 13 -1.5 Fox Lake 550012 11 11 1 13.50 on a dressed weight basis. ‘° ' ""°-’ Ind Amp 405 823% 23% Fflllvlflfl 100 -10 5l‘°°P 3'“ lambs 479? G003 st Slit nigii Low Close c:-E lific 7325:; 35 4' a '4‘ Alia“ oh? 11125 us ‘fzs ' ' iiandyrweig-ht lambs 22.50 per Abitlbi zooo 3127;. im 1274 '0 In N Gaa.;r2100 3191/. 1901/. 1914:: Grim 50 150 hundredweight: bucks d1s- Aliflonyl too 357% 5715 was Int Nickel 174:: + as Inspiratn 1300 20s zoo zoo counted at $1 per hundied- fiiifmlfliv 1 327% 27». Util zoo saw 23% 2344 + is Int M D E 700 100 99 10 weight: common and medium Aicon 2‘ pr aoilon 41% 4"“ % 1'“ Um I" M “M ‘M ‘m—% 7“: ';‘,."L’.."‘ «o m 18: 1°: 4 16.21: sheep 8-10. Ans 'r 290 was saw. 531/. 5314- IA i'l'.;.".n§“i>s 2:820 391% .3112 “'93-” J15 710 23: 130 —-9 . ' - --- are 5 I acm us were steady to slightly lower 0,, Mi sug xii W :1-gi-§ ff;-— ii: Laui sin e25 312% 121/. 121/.— ‘tiring In 23:30 :5 +11 . the east-end livestock market Bank one 799 ‘ 57,‘; 7.," "Z on L"'i’i'i:3 ‘ 27?, ‘W’ W‘ " “ “ml”? ",1 mi, m i, “iv. _The economy will have been rela- Tuesday. Trading was moderate Bank us so: s7o=/. mu. 7ou,_v. Maciaieii B W, mi‘ 24% 24%.“ u,A.,,,,, mm 45 4; ti ly prosperous. on a who! _ _ _ tinder a fair demand. Ram 73 '4 54 so en in. 4 too 09 to dim: the .=-mt im- in some Summary of address by the President of The Pravmclal Bank of Receipts- 123 cattle 75 calves saliml’h rt 113:9" S53: 5 3" C '3' ” C“ "5 M M W‘ 1‘.3'”‘i:h'”"°°ii‘i,°‘"°n f°"""p{'°°' - - « e on 42 saau _ _ it _ ,' - in lgngs and three sheep an .... spr soo ow. aw. nu._2 ”“,;‘,'“‘,i' ' °‘;°.fi2 3% 3;.‘ + ‘.3, ,.,,?,,fi‘_"’ ,3 ,3 ,2 ,3; _l ,i,‘’,' ,g;,.:;;,; ,,ii,°°i,,-'i,*’g‘,',‘._.,i,','i‘ 3°‘; Canada, Mr. J.-U. Boyer, at the 63rd Annual General Meeting am 3- "ml - 0 3”’ 140 Miron spr 1720 312% 12 12 to o 4500 16 16 -1 rapid rate This expansionist permd .. Medium cows 14.50. common ii AC oitiomi __o $2;-ii mg, + as , ,1.,,,,,, 0... on... 1.... i,.,.,. .... of Shareholders held In Montreal, December 10th, 1963. 12-14 and canners and cutters Pm, " ’;,,_",i,;f.‘ii““'i,:i ' cdsde in tiiieiprevious business cycle 7-12, C Ph 0 240 357% ' 5 — -l i TY . . an mun o ger than wasforescen _ Good buns 19 and inommon Brock“ 3 5; 3% + h in certain quarters. It will rc— observing that the ellrctsiof the de- growth. although a less spectacular" influences of foreign trade and gtw- the contrary, some eflects on the and medium 11,16. i ruck inn 3;-3t.', 23l.§_23i/5__|hi called, indeed. that during the past valuation of the Canadian dollar one. Residential construction has ernment spending, has kept the management of industry. Gmid veaiers 30 _ 34 tops in i Bi-uck 3 3275 591,5 gig 9u,- ay Spring, it was very generally have not yet been exhausted. cape» been on the upsurge. The 8500 bo- economy risin, nso ar an the (lovemmeut and Medium 3.” and corhimon 11‘ ; Cal Pow 1400 $201,; 205,5 201,‘; + 1,5 thought that a recession. was due cially with respect to manufactured nus per dwelling that the Covcrn- Under these circumstances. the the public deem it desirable to take . (‘an Cem son 537% 37 to start before the years end... goods. It would appear, that as ii mom has made available is proh- rate of unemployment has dropped corrective measures. it is important m- i C3" C91“ Pl’ 50 51'-9 - We maywell ask ourselves whether result of devaluation, markets have ably helping currently to maintain somewhat below the 1962 level. that they know against what such liiog “prior-‘es unsetitledb and no glsli ‘W 3 “ lhaepfsflléilfm éhatdhas lions?) beiicinhfoundiforla host of products Lb» ini'ri:a.~‘e in cnnslriiiirtinnh while l empiioymgnl his still far lrom corrections are beinghtaken. For sa es S cap or am! 5. " - wi spree in and a since a w ic previoiisy were not so ng egani rec years ngo.. not er ac- cing so love ; til we are in a instance. the IS% wit holding in I l gig: " ililmi 1i'i’i?‘_ iii Hum Riv’? Hm has not now be to give way no regularly. Indeed, during the past inr in the increased activity this ctter position now than at any applicable uniformly on all interest. N W can Bi.“ 3525 99% 9,‘ W. an opt&m1si1iii:l:]3 lasting natuif-ie. h ywd sales: finished ani:i- piist Autumn has iindoubteidly been time since 957. gag-mcntsheto non-resiidgiriiltis has ii: C 1.-“mi, 30“ 340 34;, 349 . ... e s point out ri¢‘Iy' ctu goods we gone up y I c prospective rise in iia es taxes P bi fr.-_ R i it I raising o 1 E C Fmiin A ii iii 6% 16% i6%__ “ wedfmsdfly. D“. 11. Pom! that the U.S. economy has been fi cent...Dcvaluation has on building materials. While biisi- -m "M0 xonom U.s_ m1fkeLwhiIg[hem‘in[gngn¢g - - - Struc ure i C imp Bk C 175 363% 63% 6356- Oh much more vifiorous than hadbeen likewrm deer:-H p to point. ncss investments are on the in- ‘ Th P .d i ‘Th P V. i_..i of the balance of payments should NEW YORK (AP) " A913‘ CI 600 S18 is If jg to your expected... is strength in _ foreign oompetitionwith local pnid- crease. they are going at a slower ii ii“ {'5' '3 oh ' '0 "' "ii have required easier access to this mace issues were down in I. C Refrad 200 317% 17% 1792- 80 vi US. econo has. natzirally, 1 dr ucts m the d tic market No- pace than one might have supposed “."ii ° an‘ ' ' ""i.°"'"":i""° market...lt is fortunate, in this mixed market Tuesday C1 PW P’ 355 "795 ‘W4 47"! *1 I“bIIdflII® il in M. Canadian exports when has this eflrct been more for a period which is nearing the .-v"" m°"'”ry P" 1" ‘" "'0' connection. that measures were CPR 1080 336% 36% 36 - ~ nnmic prospects for the y 1964. ‘, “Haw! report! 0’ posslbh Cdn Pet pr 100 $12!’: 12% an e C pea thr business C?’ P " or After having devoted this part of 5- “kc mm’ week” ‘flu’ to if‘ budget cuts for various gpace. ir Ill“! 1309!! % . efore, the past several years, it has been ii. dd" i ’ . of ‘co . rid us of some . i _ highs for cnrrespomfing we my say that foreign trade has ob“-n-ed that e rate of private "‘ ' 5“ ° " ' "°" '°"°""‘ drawbacks to the syuem. particu- age projects. Trading was mod . . . ,,, ii. , ...,n, 0,, ., ,, .... period II 1962. important role in main- jnyesgmcng ,1. mad. "age, ma 1}"; ." 5' '. " larlv those related to the purchas ll crate. . iaiiimgih, mnnmh "id wih . . . Within this generally favours le if d- bonds Us - Alth h tli l 1' stock F'"e"“ T"d° : ‘ “nor '5 ""5 ° ‘mm’ ii-lure the state of the cco om in 0 ‘M H‘ by "pamon on: 6 MP0 3 I . . . . the Canad ll 9 ~ n V k t 1 ii“ i ii ed thin Tim 5 k; 5 apmsr (fig "m °°°“°“"V “"9" Y’ causes of the weakness of the Cana- 1%; has noiseenihe dis. " nee f"“"l5- mgr e n ca 0“ ‘ aw i. ed volume of foreign sales, waver, Capitnl Investments dian t'conomy...It is. nevertheless. of ‘mi, pmiiiem‘ Mi-iingpp ” On the other hand. the recent ga1ns.d30 moge sl3icksN decY1n k i has it merely reflected the level pital investments, too. have 1- the improve-nient noticed sir",-ii,” of iii, (janiiiiian economy P"°"“'°'“ 5°’ SW55 ,"’"l9 '9‘ 8”“ a Vance ‘"1 9 9w or , of activities in the US. It is worth played an important part in this in 1963. added to the expansionist ,9. 0 them are worthy of i':"'s'i‘l‘2i‘?%'°di°°ti‘;le‘;’;"8‘::c“fi i: Stock Exchange. erage made a slim gain of . at 7592: ll outnumbered gainers by 541 to 1 511. the company's second mostactive otock. off 1 at 32% 0 re administration budget cutters. The Dow Jones industrial ay- ‘:1 The ‘Associated Press average ntra -4. of 1.320 issues traded. losers ‘ DOWN . Studebaker again headed the: Canadian issues were mostly Preview Winter '64! . . . Any of the New Winter Boots ESKILOOS It's FASHION! BILLY BOOT 14.95 filth! llfiidd ‘IV on the Montreal and Cana- ls nausea. no market MONTREAL MONIIWAI. (OP)--Tiio stock traction Tues- DIAL 4-9521 SHOE CO. WRIGHT QUEEN STREI V Increase of 9%}! in Deposits and of 8% in loans W year, publishe the extent of our business progress during the year 963. Our total assets at the end of this fiscal year stood at 8487.2 millions, That increase is due mostly to the steady rise in the deposits en- rsonal savings deposits show governments decreased millions to 85 millions; deposits by other banks in 82.3 mil- lions to 829 millions. in 318.2 millions to make I total of 8219 millions. This category in- eludes current accounts for 8124.7 millions and interest boning ac- plescnts increases of 85.3 mil lar nature increased by 87 millions, to reach 834 millions. arm Improvement Act” amounted to $4.4 millions and im- rmern now exceed 813.5 m‘ ions. of which 87 millions were under loans tn_mnnicipalities and school car. Government Bonds held in port- fdio show an increase of $142 mil- lions. i.e._t|w-. greatest portion of ions. LIQUID POSITION Cash resources plus investments and call loansstand at $215!: mil- Out of our profits. an amount of 82.ll5.(l)0 ' r has been set as-i e riod under 89 _ opened: in Eastview. Ste-Thérésc, acrourlt of sio,ooo.ooo a undi- vided profits of 3185.398. forming Four new branches have been ITCBS In W C W0 Opfr C. . September. in particular, I had the privilege of touring our New Brunswick circuit and «topping ings wit 1 c staff anal nur cus- tomors were very helpful and profitable. and the continued advancement of of the stafi’. These are really our most valuable assets even though a grand total of 825385.308. an in- lite: it (.anadian Industry growth among various regions. made it possible to reduce the defi- cit of the current accounts balance. The enormous wheat contracts with the Soviet Union and its satel- ‘ ill now make it possible to for the automotive industry an- nounced by the cdt-nil Govern- easilv (‘Ol’i'(‘(‘l6(l. But it may well The qiicstion ol niilsidi-. control of business remains as delicate now ' . . For various governed by rules or controls which tianadian errmnmv o governments have '-l|’l\'t‘l‘|. by ur- _ Ana an . come. the real problem. But it is will reduce the dependence of the in closer to unfortu- nate that many of these same fisml advantages are also used as incen- tives for attracting: industry to un- ol 60 9t°Ck5 edged up -2 at 2834- Balance of Payments Problems d d 1 The behavior of the rail! i . Exttact of add,oss the General Manager The equilibrium of the balance ctfhftzienz. in one policeyfliwn valid RPV i 1 enihance tllt’ market's Mn Lavo,'e_ payments is not likcliyi.flf_ior some aiiims which fa enrifely ddigerent: techn ca pcture. Chesapeake ' u me. to cause major i cu ‘cs: 1 e sourceso capita.an I exco- hi d hi i _ i _ the increase of exports has already graphical distribution of invest- §:gi_h Owzsiean C hcago and The results of our 63rd financial and other types of loans of a simi- been transferred to rest account. ppfmilflfd 5 5|"-plug in the balance mgntgi Whilefhe 1-...-m,.,-y nf (-,,m,j.., l8lt‘lY- llndefllfle Shareholders’ ‘ is. thcrc- of trade and consequently has y 4_540i0o0 h :‘ lllfi P|'€<‘€1'¢l"iil 793!‘ This means an other one million dollars worth crease of 2n,4lR_ over last year. reduce still furth r——~l-iv so I-ral objective are not applicable except ‘ “O 1 increase of 9.3 millions, or a granted under the Federal legisla- This is an equity slightly over 5.6% hundred millions of dollars—the to businesses with at as! 25% dwi ' ' . Y Y growth rate iii a. non governing oans for farm im- of total deposits. current accounts do-in-it. In the their equity in Canadian hands. provemcnt. Ollf total loans to Pnlimlsliis same way, the expnrt pragrnmme Region.‘ Etonomies The prosperity of the national economy in 1963 is marred in say- list of most active stocks but‘ ii. id 3 k_ h~ ii d - the aboue-mentioned Quebec law ml-n[ mq_v_ if _|ufijeg_:f , y this time declined. losing % at ' ,5“: :.i,(:i:ir},,:3 inc‘:,;:,d hose figures represent rates of Chomcdey and on Masson Mn-ct. imimmm m __ , _iQi,v';.,.,5]_i-_ gh, :"i'::'i oi lg‘; 6% on ll5,500 shares. News of millions. or nearly 915%, to reac “$93” ‘;§26%i' 3' P":’i"32lilig|"*- M°'""i"ili- ,Ti"'°b3K“"i‘1"‘°f i‘{f'¢ ~‘li:_0 fundamental disequilibriiim in our iimiiiriy in ii” Aiianiii; Pmv'im_" floioooiom in ,4; ~ ii,i.i_._ 8/9 in rm no a m in convert‘ ino raric cs. imous i- b,]am-9 of mym.-nu ml] not hp so an . wide "as oi ii” rovinm of Quebec . . . There are basic. rea- ' losses since 1969 and ta 9 . . - r - - - costs involved in transferrins ltl '“ 'n“r'“‘ie °f’;?‘§73 m'l.li'i9'“ ‘ad fizz:-ng':s'?:cs'R:e ogimguqiediolio 0:3. pig‘: bgglflnfirgglcviiogf :E'i:‘rli'i"i‘;‘:r':il1'a:i‘:i‘;lz‘:P'1;i sons for this state of afiairs —rr-a “"0 °P9l'3u°ll "3 Canada ‘P’ :"i’,'i:,if:i'i',',,,,"c'ii 13 mg“: loans Itn er loategoriea. agencies. improvements oftheirtrahdc policies “°n"'i‘"f ' "nlflunfi .M'ilm' whmh b parentiy brought on selling. dg mm ]NvE§'['MEN'[‘5 FXPAVS-ION OF BUQINESS so as to increase permanently the mini at" m:“¥'iiT:i“i_'r?_ni°:r::i_':i’ii brokers Iflld. i Government of Canada deposits Total inypstmgntg 3; the ya.-.en,{ ‘Ti; ‘ ‘ii h ‘ bi it-vcl of exports. the situation could iinii “Hi Hie‘ imi.i,i,iiiiii,iii iii iwestiughouse Electric was increased from 81.4 million lO.‘l5‘.3 gnd 3135. iiiiiiionsi compami Vi M mfifigil oliistmii e Y_"“_r. I was arflfi improve (‘0insi(lt'l’a Y... Qiipiifli "iii iiie Aiiiiiiiiii i,i,m,iiii_" millions; those made by rovincia 3]21_1 nulhong for the previous numb" oi branches in iiie various I':0l'CI£lI Lnnlrol of ' ore w' ingto assiime broader economic responsibilities of various ure. hese government measures will inevitably require some time before they have any very far-rrarlp . I - l . K . . . lo Igtynrfiu :2 Under‘ the heading ‘of ‘Other our ‘total increase, namely of 814.9 M" in mosi oi ii" viii” when om. ,:,'..,::°;? ‘:a.:oan5?d.-r.-d m rngny iniz impact to the i-ronomies of the ' Dcpoms ' ‘C fl d m men.” of n"" Rank is represented Those mcct- “M'l*‘|"‘ lllal Vfllillfll l"l'l0W‘ lmm l"°Vl"""‘ "‘""""l' - space glider is in trouble with -y - ~ »- {ii i In Pammiar MN iw . lower. with Graiiby Min and . i i, _ . . (; all ..-'.t d. :1 bi.h ll ‘ C.n3dl3n Piclflc 93013 down *7 A dayhme. M. d ‘am. av.‘ S9“-Ti" if")? chggtg “an-I-i"?' hlg.ri.;;;,1;;’“.,l.,,q‘l:::;|?¢sis:.t_s represent STAFF I urccs of invc menl. Over the past srirerndillgq ll‘; pllhlicnu workvs (lg Hudgon Bay Mining % lower (20 Ck‘ I ll b0M ll! In “' " or . ‘ m‘ mm’. "0": PROFIT‘ AND For the growth of our biisinoss three years two rlifivrcnt Canadian \lontreal area will b expected. during the coming years. to main- mr-nte. to intervene in Ii‘ll(‘l'l|lll0I‘lll capital Iran-fcrs. it bcromrs urge-ni Your partner re brushed Illusion ma ' . V md 312'? mmmmr“ sHAREl_]0LDERS' ’lOl"T‘_ the Han . it is more than ever 05- inut means. in flt‘lllP\‘P this end. tain a faster pace of economic ar- ',-' ma 1 ‘Q ti 1 Ni ii 1 5 H9099 l-lllllllfi Md 3m‘n bllid. LOANS 0P°fl'm P705!"-‘j""‘l 3l‘4~2-‘Or scntial that our personnel be viizi- Thit polim ha: aiirii ristnasis well Iivitv than most other parts nl '1 mi mm C e W3 styling (I! Sid! . . . In colon C At the year-end, total loans 237- Illef €PY€<‘-“"0" '!‘(l ‘l*“l“°‘ lant. skiliiil and pro fit‘!!! to l'll.lml‘l0li< but perhaps lanada. hi se mil other areas of '3 . ~ . Imountedto 3281.7 m‘ ions. ' lI°fl_°l ‘lie Iflual provisions for 1 ,i,,,i,i,i mi, ,0 pm, , ,.i,,,i.ii‘i not i.iw,._,-_.,'.,,m;...i 7-7-iiiu<m.I... the Province the on look is r rice! ’ H10 V 0 d ll'r9Clll3'l'ly black ll‘ brown c a of millions or murly _°0M|fl8¢l|C|€l'- Tlllf l"l"'€5€“l~‘ 3 uihuge to ([19 gnihiigiasfih jnmnjyp, moment when the American lcu right. ten these areas have lower MI “I! American stock 8%. After taking 2 a IIICFCISG 0‘ 0'15! 300-0“) 0"? ll!‘ “.4 m.op¢-I-.150“ digplgvpd y our Government in trying. in order in notibnnt-filed fully from the pros- decrease of 88.5 miliions in our Yul’ '99 3- oflim-rs, manners and all member; maintain its own l\Eilan('P pnv- ]'|('l’llY of the past three years. either 59 I hr-raiisr of the lack of new pmir-on fnr the exploitation of natural re- l! I P rate on ‘ an to commerce - this articular; .. of 3...; ¢-annoy that (Innnria esialuli-li pm-1'-e oh- . h we’ wereoilinkedii wlmd Slieurry utcxoricsiretlectcd an harass of trihulion of 8lS_0.(lll was madr to i,, pried “ndff ‘my p.-miculnr up. j(‘(‘ll\'PI of Its own and define its - \nrlh \hnrr—or be-caiise they are O “P 4 33 573° .4 mil ionii. Loans to oomelos Sufi’. Pension Fund Society. iii," in iii, finani-ifl 5m,m.m um polirv more clrnrlr . .. rain 1 a far nuts" 9 the main ll fillfild 1'15 Wlll-le -lllPll9P alone accounted for 58% at our The remaining profits available to I hm. i-,,_.i pm; 35,, i,m~g1.-in of In this rrgarrl. lrt u-dill-rrniiaie streams nfiIclivllv——nsin the case. C0115» Ind Canadian Javelin , A total assets. has-eholdcrn amount to 31.085237. pron-nling in mm clearly two quite dieiinri om--iinnx: } for example. with the t‘.n:pe' area. “ch 1°“ '75- ln llctv "'0 ll“ ‘l“l"¢"l7 ‘I159 ll 00'|1Pl|'6d 10 - - -525 lfl 1952- ‘ . ' y ‘ loans flonlcd nliroml bi izmrrn The Federal Govt-rnmom ii,“ 3|. Wing ‘hep. did: tical report on loansioomparad representing a ‘acid per share of 3“-‘Kl’-H0l-lll'-R5 (-nls nmi (‘nrpurglltnlx afl1ll‘t']llllV rr-adv nrlopll-rl certain fin-al mons- _ Ma. : ' lI§l_Y€lY_*- DIIOWS Ill |l|¢|’¢l|€ of .7 9-21 film yen? III Ifiliml 32:1 In closing. on behalf of the di- capital inflow-. It I1 obvious that iircs rirsinncrl in favour deprr-an-rl Advance. 5“ 4“ I mg” ‘mg mw h «In. millions in our loans to commerce. last year. thin r-alt-iilation being rectors the ainfi and myself, I wish deb: rapilal has almo.i his influence areas. It in important. loo. lhal the es ' '5“ 596 1 i industry and to ooi_itracto_ra. bued_ n 'KI'l.0lll Imml Illa?" In to express our cep gratitiide to on lhc ori:-niniinn oi the national l Prminrinl (tow-rnmrnt take .-tr 5, mi“ M id - thigh h e i g ht "gay Wu.-pmofed --Rm. olns to municipalities and both instances. our shareholders for the confidence economy Ii max 4311-! romp im- 3 as am ‘ give Mich Toni i 27‘ ma waierpmm-ed Royaim It‘-_l|0.°l "0mm|i‘8i°M 1999 The five dividends paid during they have continued to place in us tinns fnr the mamu-n rive of tho i areas :4 new ‘imp!-IIII. it is not i Ill!!! 13” 1331 _ um," mafia“ hed “,5 millions. to $30-3 |||lll|0M I! ‘ll the year formed a total of 81.525 and the strong; sup i t they have balance of pavmt‘nt<. but done not merely a question of rrmstnblishina "' ° ' “"9"” 5709*“ 1 Sun‘ Boots with warm Y!‘-IN“ - ii sham an arnountcd to favoured us with. e are equally binder in am my llil‘ i'l'ldll\f‘ niiin- l a healthy balance between Montreal I“. W“: "'°g:"‘ """ I "we? ii-m-iig and mod. lgcgd ugglm _ _TlI0 PFOSPIM °l Bufllfi IDIII". :l.'372.493. or $81.31! more than atefulfortlieobviousintt-rent they nomy oi lhv crnnnmli‘ Ill’V('l0[V"1(‘nl and lb» rest of Quclw‘ ll"! rIll1Pl' 3“. si- ’* "Mi? °' ii,“ i ‘ mIl|llPt‘l l¢8G ll“? “'0 7055 I80» for the evious year. Undi ' ave always is on in the‘ artivitieo oi the nation. Fomgn invuiments ol maki it it pouihle for th whole ha win" ‘7 M! can mi mm s t a c k ed licels. mu“ it grow. as shown I rnpltl OIPIIIMOI Ind profits, a er payment of d‘iv'7oiends. of their Institution, as evidenced by in rm nf miiioriiv p.mi«~ipn ipnpulallon in the ram l the C lad 0 mm‘, go.’ .52.‘ C01,,” 0139,» or amiqued stood in C12-5 mlllloflllt the 1'-loll! sand at $785,398. Out of this the ever-increasing alien once at tinn in capital -tori; or In 9 form no-xrdera to share in the Cole gnu yum. 341,; n of the !0II’- ill’ P0533‘: ‘IMO! Ilnoul sin hm,0N mnunl proceedings. l direct investment may have. on nomic recovery of the nation. the not W0“ - Goo-inn use Utd Aircraft mt at we vnnndsum 12 ' Int 1' 1' MM Wlfllfl 3190 Ronnocod CW 0 ANK or ANADA