Central Bank Proposes 
     
     Anti-Inflationary Move 
     
    
   
   
    
     itv HAROLD MORRISON 
     
     ("'IliIiflalI Press Staff Writer 
     
    

    
     ,,-,-Hp-A icpi-Parliament was 
     
     inilllilIl'(l today of I revolutionary 
     
     impiisal by the Bank o' Canada 
     
     in change the character of the 
     
     --lull-icred banks and swell the flow 
     
     -it nlortgagc money from this 
     
     W1!-ltrt plan. as outlined by Gover- 
     
     nlncs (T. Coyne in his annual 
     
     mm,-1, would prevent thcpbanks 
     
     lnr sllttrl-lt'flII loans and lnstctld 
     
     titlllld tlll'('Cl all savings deposits 
     
     in!-l ..i.un-d mortgages. govern- 
     
     and other long-term 
     
    
   
   
    
     nllr .l 
     
    
   
   
    
     Imc.xlnlf'lll5 
     
    

    
     no titnc the central 
     
     2...... litlultl step up the country's 
     
     lnulny supply to ensure there is an 
     
     ..mh.quauv' amount available to 
     
     hilllks for short-term customcrs- 
     
     those who borrow for I few month!- 
     
     .,.- tor a vear or so. 
     
    

    
     in Loyne touched on the plan. 
     
     IillIi'll he likely will take up with 
     
     ihc hanks this week. in a 79-paac 
     
     irpnrl. tllc most detailed in the 
     
     hp" : 33-year history. 
     
    

    
     INF ATION NOT STOPPED- 
     
    

    
     He vlarned that the "serious" 
     
     llitlzltloll of 1956 has not been fully 
     
     arrested and sugflt-lslcd the 91”" 
     
     cl-lunl-nt mllllll want to consider di- 
     
     m-I controls over the distribution 
     
    

    
     .nl aiiilliililc credit to remove re- 
     
     gion.-ll discrimination p 
     
    

    
     Tins appeared to be another huit 
     
     iii.-it tllcre would be no large tax 
     
     tilts Ill the government's 1957-58 
     
     hmlgct. to be brought down 
     
     shortly 
     
    

    
     Mr tloync. said a continuation 
     
     at last year's rise in living costs- 
     
     tlu-cl- per cent in seven months- 
     
     uuuld be "dangerous" 
     
    

    
     Hc estimated also that the de- 
     
     llt'll In Canada's toreiizn trade in 
     
     mantis and services soared to a 
     
     rrrord Slui00.000.000 in 1956. double 
     
    
   
   
    
     DAILY MARKET llll OTATIONS 
     
    
   
   
    
       
     
    
   
   
    
     that of 1955. and concluded that it 
     
     would be "disturbing to tlilnk of 
     
     an import surplus oi such magni- 
     
     tude continuing for an ilidcllnltv 
     
     period." i 
     
     HELD TALKS 
     
    

    
     Reviewing steps by the central 
     
     bank I re train the expansion of 
     
    
   
   
    
     Coyne recalled that he had hcll 
     
    
   
   
    
     to II ve them .i.uipt voluntary 
     
     credit restrictions. But he had not 
     
     no agreement from the instzllmi-nt 
     
     finance cimpanies. some of which 
     
     received funds from large parent 
     
     panics in the Ullited States. 
     
    

    
     This had hampered hank nlont-- 
     
     Iary policy. The central bank hzld 
     
     no control over the finance mm. 
     
     panies. in fact. all it could do was 
     
     restrain the country's over all 
     
     credit. It could not prevent dis- 
     
     crimination among regions or 
     
     among distributors. 
     
    

    
     The voluntary talks h;id llttll-' .ts 
     
     far as they could no. If iurtln-c re- 
     
     sults were desired. ”some form of 
     
     legally enforceable regulatory ac- 
     
     tion would he necessary." l 
     
    

    
     At another point. Mr. (tuna 
     
     said- 
     
    

    
     "Direct controls to restrict ct-r-l 
     
     tain types of borrowing and fl.- 
     
     nancing. including the provision of- 
     
     funds to Canadian subsidiaries by 
     
     foreign enterprises. could reduce 
     
     inflationary pressures . . ." 
     
     TOO MUCH SPENDING 
     
    

    
     He said also: 
     
    

    
     1. While Canada's total spending 
     
     1956. about 51.200.000.000 FCDN. 
     
     sentcd the price rise. Spending 
     
     was about 81.000.000.000 more than 
     
     desirable from the viewpoint of 
     
     "general stability and sound eco- 
     
     nomic growth." a 
     
    

    
     2. Bills owning hp." consume-rs 
     
     buying on credit reached a pcllk 
     
     82.465.000.000 at the end of 1956. an 
     
    
   
   
    
         
     
         
     
    
   
   
    
       
     
    
   
   
    
        
     
        
     
       
     
         
     
    
   
   
    
       
     
    
   
   
    
     Cody-Reco ITSM rri it at 4R 1 
     
    

    
     SUMMARY  --- -- -- -- -- - 
     
    

    
     tigiuilrm mo II-i 1.-A no 7 
     
     t' omnr no it in ll ell-I 
     
     it. THE fANADIAN pmgss Cotiluas ifliil :12 zit! Ylfi -in 
     
    

    
     Toronto --- Market narrowly   fl;   J 
     
     llllllff in moderate ll'ldll'II1- c Bellakerin two as 7.1 zli .i 
     
    

    
     yew York a stock; mixed; c Clllilian rim .11 Ill . .i 
     
    

    
     H I km (Ion c cm mm m. lZ'a l2'u '. 
     
     "W 3 3- . c Denison Gltiil m 22 22'. I. 
     
     ilmitrral Upward trend in (7 Den wts mo 81455 ii iii. . v. 
     
     nmtlcratr turnover. tr Diaeovery IMO mm .-,0.-. loo 
     
     c. ml min irc. mi int .i:. l 
     
     P?v- --- C Guaylnu ft 00 "I I'0'. it I' l 
     
     C Iialllwell 15300 M 70 1:7 - : 
     
     - Con Howq .190 .125 Jul V . .'i o. 
     
     Currencies gamma" egg -5; 33': gg , 
     
     c. M h m 44 u -N I": 
     
    

    
     iitmllonl. rcpt M The ins. Con 33.27.. lt6tll -. mi. ll”-i  
     
     dollar 'l'lillrsd:ly closed at it dls- 0 Nvftllllnd '53? '" 0? N '” l 
     
     t't!illll of 4 5.16 per cent in terms  :::c,';"" ,.l;;l4'l ,3 Ll!”  ,l; : 
     
     tit ('anadian funds, unchanged. C snmrm mm M .7 .7 1 
     
     Pound sterling 2.67 7-16. down 1-I6 Con suit am xii 243 no u 
     
    

    
     (? Tunut H700 Ii: .1:  i 
     
     -.. .. Cmtwrli. 2m 59. v 1. . .lu 
     
     Clip Corn ilm all as all I t 
     
     (Toyota! 540 M M .15 I I 
     
     Toronto Stocks g;vIgr-m- zgmgmt N i- i 
     
     cmu no all M In 
     
    

    
     'litiltt).N"ll0 (GP) -- Investors cour.n.ov am II it It 
     
     rautuills Thursday In lltock main cl-ohmr gsm mi II in 
     
     Lot dr-ulimzs and. as I result. the gu";j""i x-d  g  ' 
     
     '"?ll'l-Pl inched Bhcad ln m0d9't nnlnr nnmi lily ll til: i vii 
     
     air uilume. Dealers were caut- D'ArIaon mo in no so  
     
     must) awaiting the federal bud- 3:  M. 53;;  :2  I 
     
     3” p . , Dccr ilml 1000 av 15 27 . V; 
     
    

    
     In the mining section. activity tri-ziaonn son 1: L21 I7 I I 
     
     was at 1 minimum. Prices change Delnltc 1'" l 1” y 
     
     among lower-priced Itocks were gL',::"' mm  ll,”  , lz. 
     
     rnntincd to 75 cents and most to Donlltll ism 2' 1- r: I let 
     
     in or 15 cents. One feature was Dunn W” I5 kl ” r7u' 
     
     -tdl-liratc. which Jumped 75 cents :5"f"'h';';'. 
     
    

    
     In 57.95. Seniors were stronger. rim sun .4 
     
     nsirtlcularly International Nickel. Eut Moi 
     
     up Min to l00l,'a. Ent I" 
     
    

    
     Uranlums had I few sizeable .'gl3:.'.. , 
     
     Ellills but also had some strong El Pen-lll.v -. 
     
     low,-s. Faraday gained 15 cents at 3' 50' 
     
    

    
     57.7.: and Denison added I small ,Fg;",.,2"'”" 
     
     traction. Northspim lost 75 ccntii icxnt All 
     
     It til 45 while Pronto was off is l"Il""' 
     
     fcnis to siuoi :3"--V 
     
    

    
     Wcstertt oils were led by Cenl- ?'wcIi Tung 
     
     nil l.cdur. which climbed 30 cents M Kirk 40"" 5;? 5;; .3 if. 
     
     n ma. Del Rio added I5 cents "' C" "37 ,',. ,... ,5. .. i 
     
     M S. Pmbilhor mo 
     
    

    
     u.40 and Home Oil B '2 at (;,,n....., nri iri IM lzt ill 
     
     '7"-' Emil?-I dipped 20 cents to then Mines -ni llll l-.-i. I15 -Iv 
     
     Iltt can rm 2: 21 9 a 
     
    

    
     llitl('X gains: industrial: .29 to u....m"" if 1:7" ll: ll: llll H 
     
     W04; golds .25 to 77.00; bug aunt. hm w: it It I, 
     
     metals .5 to 209.40; western oils "M ” ll. l l” 
     
     35? to 158.86. m 3.?  Ill lul in -, 
     
    

    
     -- or '7 -I 
     
     TORONTO ri.oaiN M ”"” W” ”” 
     
    

    
     I, 1-,", C. r' "7::RR firlndlnu  '1; UK  
     
     Tnrnnio nun-ii I-:un. "'''"l'" 'l' g,,, t. so on 
     
     tullotauonn la cont: unle-l Imrllnd I Grunt "mum  jlv 
     
    

    
     . mm int, aid-Endlvldend iii-L-ii-rim "'”""' ml ' an at l -1 
     
     n r:x.wIrrIntI.) ' . g:::n"" '"  gal. is H 
     
    

    
     ma lain lltn Law (firm  m   I2 ll” 
     
    

    
     A W MINI-Ll ::'m:''"' .m go, nu, .11 3 
     
    

    
     "We" met as .I as -1 ...,,, p. in ii: -I 
     
     i .. II-(I - 
     
    

    
     i',.'...,""' mfgilmttt-Imlzmli it at uilu ism If any at”: H 
     
     lit ...,., "H, 7,” m 7” p" India: Win ? "Ii ” H 
     
     ”'"'"" sort it rt :1 "m "M in on .'. 41 
     
     "M not us if II it "mu" 3 no 320 no sin 
     
     mo In-4 I1 -no 3., m .1; am is 0'4 
     
     in mm. saw. my. 14- ...,.p.... at-'n M 10 M u 
     
     in-l II lav. in g... 1... mm ii lm III 
     
     low in ion in mm... min 7- 72 14 .4 
     
     "M 11": 1! mi ' liii mi-k-I msstmb. mu innit nut 
     
     mi i in in .a "M 3., am slit in an. 
     
     I'M M '5 noon iim in Il.'i ill u 
     
     win n in nu. i Va 3". gm mo in an to 
     
     2173 III III ill lie... ism win It 1M - Vi 
     
     H50 70 I 1' 1- romm um 11 as we om 
     
     lino u 1: il -vi gm Hill at u 4: -4 
     
     I5!!! iwl IN IN! Jnnitlnith win 1: ll 1 
     
     mm in II as lo-- Jawuv I7 in in 
     
     """'” ” " " Konvillo aim l2'- iilw -iti-i - H 
     
     tum I: I: is H Kerr A no ILS uh. uh. ' H 
     
     win I I 9 Vi migmaa IIM no as -3 
     
     mo 17 mm it t! Rm 3.4 min II iii I7 
     
     into :4 M. II mnfgwl an ii III II av.- 
     
     con an u an a Labrador no an I! im e u 
     
     no II n I st up. cg. mo in us L! --I 
     
     also is 11 7! i. Du-nit mo no iii in -I 
     
     slum 15 AI 41 up up; amt it I! I! H 
     
     irm in III 11'! -I L 0,. pm I1 I7 11 
     
     7100 LII no In 1, 35." us sin flit) sin 
     
     clan II II a u L. 1,. an an no an M 
     
     was ill I'll in --I hitch no 7: -it 7: ii 
     
     in D t m II .,.,..,1 am it tz II it 
     
     "'0 I I! W4 -4i -lama man I! me I it 
     
     ill?! no II - I All L L L” rlyt no My M .v 
     
     in tile )7! II it 1-4 I..." m. M - on 
     
     no u I IN -ilh 1,... man in! V1 nu ll 
     
     300 MI I I mun via an in I l'5 in 
     
     INN Illa I1 11 plan - gym in, no, ms I'-, 
     
     In II ill! low Am upon mo 44 It 44 it 
     
     NM 1! it it -up mg 1014 Iii -to 
     
     77' N N - " 33- an in in in 
     
     than M I M A In 1.5. a II iz I7 
     
     In C on III 4! Ialuol no oil iiil ti 
     
     8'! 48 H 0 gm , :1 I13 in m 
     
     MI I II I F I-9:: In us in no 
     
     "FM IN: II it I It yggm U H”. fl N -3. it 
     
     Ila M I I laraln an .n rm. .-rn. lI'1 
     
     no II it ti 1- I;-M. .17 II in ill 
     
     I!!! M I 0 union I: I4 nu. nu.- 'a 
     
     mo II in "to use Imam you in oi so i 
     
     iii 'OO I I! intro . 5 M 7.! 71: 
     
     M00 II I0 31 " Ilton an I 2: as . 
     
     III II! IN III tA- liar tun IDA il Ills '-4 
     
     um an II It 0 awn an 11 :n in 
     
     D it It Ii new man :7 I It --I 
     
     g N 7' 3 Ian! an II 171 m -I 
     
     I: : ll 0" It 3 I 3 
     
     "WW - 3 II I! ll 
     
     -on-3413”? annulus-l-io 
     
     In D I” Q tll -. 1 gr II 11 
     
     Q g u M H0 -I I II n o It 
     
     a ' mus: -ow a no in II I! u 
     
     - t tuna In 5 I! I1 - 1 
     
     U! L I It in lint an in, an In .1 
     
     M0 Q at U -1 Iain m ll 11 in am 
     
     2 : .3 -2 """' "" " ” 1” 
     
     pa in is I I - '4 
     
     lg. n u I 3' luv 33' no av ll 1: .u 
     
     D 0 in i-v . .9 on V" -- M -v - vi 
     
     &I 6 
     
     I D n I run our in I I 3 at 
     
     I: g 09 :1 Cl. I I ll 40 
     
     II I i 00 non Q I no nu-is 
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     . 
     
     nu 
     
    
   
   
    
       
     
       
     
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
       
     
    
   
   
    
     FRESH MEATS 
     
    
   
   
    
     i loading authorities rooemmond 
     
    
   
   
    
     temperature for unfrozen fruit moan. 
     
    
   
   
    
     nutoo coaronnou or (nun, tn, 
     
    
   
   
    
       
     
       
     
    
   
   
    
     F'n'dIy. Mar. 15. 1957 
     
     pThe Guardian Page 7 
     
    
   
   
    
     in heat a plow horn on thr lainl. 
     
     lNot meaning, of miirsr. that all 
     
     lracoll aren't on the trial 
     
    
   
   
    
     There seems in he I co-rialo 
     
     II ' ion in jumping events lnl 
     
     Inme horse owners. although per 
     
     Ionally they always make us 5 
     
     little nervous. even the jumps I 
     
     sedate horse shows where qlliti 
     
     often ailll-toppered riders mall: 
     
     jumps alone. head first. all th-ll 
     
     mounts balk. 
     
    
   
   
    
     Remember When 
     
    
   
   
    
     The Manitoba and S;ixl(iIlt'l1PIilt' 
     
     h o c it e y axsoclatlliiis rconlln:-rd 
     
     seven-man hockey and two 10- 
     
     minlite halves 39 years ago Inday. 
     
     Ypreil. Manitoba chanipinns III 
     
     the Allan Cup flnailt euros tern 
     
     the Allan Cup final the vlcslprn 
     
     officials were t-onvlncod that my 
     
     six-man game adopt:-d lollr years 
     
     previously in the can was super- 
     
     lor. 
     
    
   
   
    
     Faronheii as the perfect storage 
     
    
   
   
    
     . war. he Ithrduu to 
     
    
   
   
    
     I00! IILLI. ONIAIIO 
     
    
   
   
    
       
     
    
   
   
    
     -2..- 
     
    
   
   
    
     ” 'EtiPNtJNI BUUK 
     
    
   
   
    
       
     
    
   
   
    
        
     
        
     
         
     
       
     
        
     
        
     
    
   
   
    
       
     
    
   
   
    
     '5. in Q . . .3 
     
     -"-'w---- CPRI s lldB sro 
     
     r .  ..- 
     
       i..- ll-. -- "Come we e y "5 "W 
     
     2-:;: 2:: or  2  - - , 
     
     nu 
     
        .. ....  Oil Rights Land Rentals When You Cant Run An 
     
     list-P-t mi: 116 no no .4 
     
     in i-;  
     
      Am izltrhmgulg ,3 --II MONTRE-Al. (FPl -- lncniiir mtinl.-aiiniit so-iiim-. and IllINi'Pl    J . 
     
     n... p... ,1. ., ,, ,, from Oil Hxhts and land rentals lnneolls properties dropped in s:t,- 1  
     
     gfll Prt A no 5:: :.o:. Sim helped swell the net profit of the !l).00ti in 1956 from s4.60tl.tm in 
     
     . -r 'PI--pm no no at :0 Canadian Pacific Railway to 855. 1955 Earnings from interest up In WHITNEY MARTIN the int: F Gtoddard lr Mem- 
     
     incrcasc of 5.3tl.l.t)0tl,tl00 in the year lffn':Kc”"r.j lg: 1: 13 lg” IL 617.5 for the fiscal year ended arately operated properties and ,, , , anal Hurdle; 
     
     and Wm!” 73 D0? rent hlL'hPr that lglllond no :2 at, at, , ,. Dec. 81. 1956. an increase of Il- other sources were about 8500.tl0(l M"V' ”mK '-U" ll”'"P R "9 ll lseem that will thl u h 
     
     the amount outstanding at the out who iii! A 5742 um. 17 m. t -. most 3l1.600,000 over 1955. it was higher at's6tl)000ti l”' dab" "'9" ""0 "'ldf"” "”'3"W l)rPdQ Isho Pd the d "0 gh- 
     
     ol 1-3.-,1  oil a mi :17,” ISM 1: reported in I preliminary finan Other lllt'0'lYlP.. plll- the IIPl rr- "'9" mm 'l"”""” """' W"'" ”"' same tillieng ovlar lI:llnI'rrm:(g'i glut: 
     
     3. Bank of (lanada profits lli- am, on um .. ,7 .7 1, till statement released Monday lurn Irmn rail opt-rations gave 3" Willi 3'” "'"'” "'3' 3””? 3""' mg them . nut. V3,-my 5. pm. 
     
     rreascd to847.2'72.IJ00 in I956 irolu U5 W12 s7on an no In --I by ?Felldel1l N R. Crunlp. total income to tho companl last B"-9"? '" I "W V3l"'- "3 ill" mtg them M" m ' ,;, ' 3 
     
     .t 7.000 in I955. Because of a .m,'::',,',. :3"! it 1; 1: -1 The net profit works out to S377 year of s7i.3'7tl.290. compared Milli l""dlPF W I WM? me", . b,.gm,., 0'.,,f::,kps I ml 
     
     new method nl valuing its sccuri- Marigold him a 31 5 ,; . QHY9 compartfd Wllh 32-95 in 360,221,285 in W55. .l The systenl secilis In iuirk lot when (hm; return I" ih, new 
     
     ties. the bank also credited S42. mtglrllhu ":3, mp 3;: no .5 19?: . G A Net income from hotels t-oni- horses Last year Flying Flirt they are .rarin' to lo -lzainl 
     
     1 . . . . p , . , p. p p I. ' 4 , , . ' 
     
     rJ2.000 lrom its inner reserves to M,.,w,. mm H" W” :8” fl' I 9 '"C"9!3P .0707," Tr-Hilts was t4i.30f).()00 p compared with Willi sour after willnuie smile flat iiaybe that s underratlng their in. 
     
     )T0fll. turning overa total of tan. mu my arm n in so . W". '' 3"" "I Tatlwai nperatlniz .m.:iriliooo In lliiri raves. so he was sviltrllcri ltl olligence though Possihlv they 
     
     it65.00tt to thc fedcral treasury NIIBPr';:m I93; I65 649 no f.3:'::'"K5; Pl"-Yf"' "W" l'5”fl -" All”? ttI'0ViSi"" l"I' Pr:-ll-rlcd hurdles lie non llllc-9 iiralghl r,g.,r,gh,'.--(1 hem... 51;" f,,a,.,,,g 
     
     Mr (loyne made clear his plan x riumii goo '23:; 12:1:  .i n el' Imam? "Om nnnlranway 'l'"d.”','li a"d ”'"'"'”" 'lll"li"W UV" UH" lumps and then catllc down in the flat races or thei'll 
     
     for rcvaniptnl: chartered banking N l"-5)-it y 7000 M 5: In ""3313 '0” M . of 3.2-ir.i0tl.0flf), up from sztmiorititi bark to uni an llli- out again. be put in those cussed jumping 
     
     operations is not aimed at rcriuc 9" Mill zvlio no Ihti it-A 9 ':'ll,""' W” P "'”""' '" l95W- "ll" -s'U"Pl"5 til T91?-H"Pfl This year l,lI Wllitncv l.ilnn has events 1 
     
     V . N superior 700 :15 215 211 -5 from oil rllzhls and land rentals profit 1...-ii". Wm. N” W, 100 000 f p aria n. p 
     
     in: thc iolumc of commercial til Nurthral an it :.x .l .7 was 39 2&1.” W . I I  . - p- -4.: ollrll-at-old illtltllni llalilrtll Anyway, the nlilllty of t'Pt'laln 
     
     ucncrzll ltlllns but at expanding NY OH: tttio 54.5 525 -2'. 5 l in. 'bl H" ' T prf'V';'."" " "" ”""t' i' "l ”5-””"-”""””'' l”'”- Forn lluxkcr who has lit-l-n run horses In um ill both the hllrlde 
     
     mortzztlec loans and other lllt't'Wl- 3a":L"l I l";.I'; 75 7" "' '1 dgg 0'&)c"'nw.. 8:95-l .'s ml; 1' dm" "1 "mu" "mm" hm" ll” niili: slillw l)lL' races on the flat at and flat l-vents await the lie to 
     
     mciits lirist-d on future illl-rl-zlxcsi limit. " inn '-1; vi: ":1 i qu.al,;.uhi'p ogpraalorg ':;l(':i':;D '"Qv':l": l"""l I ' Santa Anita He has tllrnl-d in the old theory that th- field; of 
     
     r .- 'l R. Al ' r 0 ' .9 r   , -, , -, . ' 
     
     in sailntzs deposits.   1:3. slat   . l,. W"? :3M.m4o mmparm Mm '"”""P TM" "'” b i”'” pfolll 'vit'l'tirlr(N..y liltllllillli, the hall nip jumps are populated by 
     
     TWO-PART PLAN 5....-. iii... mo gm H '1.-. , .,. 31129.net in 19.15. inmm. (mm .la.. ' rrr ' mkr ' - ;"::'"&.a:"';lll;::;t';" Il',::"r'i'i':.'fJ:l' '"'l bltitlilktin-dimnhtllld.n:uzs that can 
     
     p . .p mun pr EH15 1:5 no no vidcnd . mai l i th (' . i- ,. i ' . i , i 3 HIP I I 0 In are too sow 
     
     Under fill Loyncs ncil plan. tlic Peruv Oil: mo am I96 205 4 M , ds - my mm P. 0”" creamer Buffer lhe point is that turn llixxkcr 
     
     ch, , , . ,.,.,,,, .,...,. m I. . ac Mlnlnlz and Srncltlmz Co. . 
     
     p dricrcd banks would be split Phmm ""130 Is; 1;:  - 0, Vanda Lm WM 315 mummy can hnth run and jump Last year 
     
     into two distinct operations l,..,,,,,,, 3,," 5:. 5, 'M H " ' ' - r Stocks Decline he WU" HR many ltlmpinl; ovonts 
     
     'Thc.i' would continue in nlakr or-y 'l:rIim rnll I00 all in in V r r on W -- ---5 rrrr 4- as hr din flat l-at-rs run or each 
     
     rinary comnicrcial loans and in """ '" l""l” 3" 34? 741 I , . p One of his pimping itt'ltII'lPs was 
     
     this new pmulal bank m”"9”"Y. Riciiwllsxm :g”lo2”lnmin1” ii Jam"-"Y Car fI'li):Irr:tAl'x: llillillrlhill (' llliili M in H" lmdndohw llnmd "mm 
     
     po icy would continue to operate-. Rocky Peta me 5 as so .l ' ' ' - ””' ”""" meeting at Belmont when he took 
     
     . . . . - . m, - . 3-i.il74.0tl0 pounds at Mar-h 
     
     fgffgaloigzd:u:;:l”l::!i::':'lc'"led top giigla L363:   'l:Iu -:14    Idovin 6.7 per cent from hrildinizs -' r 
     
     ' 0 ' - HP HP . '- N1 41 ' -- I ' . . . . . 
     
     asTlslt(l(l:lllr('rIt'(iS )a!fsC0 wglllflld ohwnltle Prev  33 ill? R45; 1.. OTTAWA tt'Pt--More new has Dl1ElliI'llSlllt'IQl l'l1'lilllllllllIn'llllll-sllii:?alll'll: Ml”1"”HT" AL (JAHS 
     
     mkin in mu-lnuy dga Riff?" 5' soon: am 31 22 21 7., senger tars were sold in (anada fluilre is linxcd on iioldings ill The late .-illlcrt l".lllSlt'ilI pro 
     
     termginvcstmt-till Thgoicntrilil bnanngk :"Pll:llhc" 14:01?) :2” 3 :2” .1” durum 18:” 'l.a”"ar-V ""3" l" 3,"-V "'"" ”l'””- l""WN'" Qurhec HI)" duct-ll his first palm" 0" H'l8lll'lli 
     
     Id .' . V , b ”su,,..,f, "Wm 71 U 70 H January in history. the dominion; and Vanclilll-cr. tin I905, when he was 26 years old 
     
     WW ,n"” ”""'l59 a"-V ”” 0 "l 1-,, Ca, 6,... K. ,4, 5, , bureali of statistics said Tllcsday. 
     
     ""” ”r'”- Trm in mm m m m -2 The figure was 36.540 worth 377.-l ” "0 r ”” nr” " " ” ' 
     
     .iAi".i”2ll"”” ”ii:.'”i'lL:l.'l"l.'".li;"'  l:.”.".:'i'.i to all :2; 3;:  W-W saw no worm W--I 
     
     ”” C 3' "ml 1'3 0 ' 9" '"' -'. . . 828.000 during Jiinliarv I955. 
     
     lcrc” Ymds ll” dclmsllnrs M” ii" ml liiltlti "ii 2? '77 V Commercial-vchiclc ' ale t I l- 
     
     illhllitl to buid nip savings in h:'il;ikR a:ac)E:aIIa  2;:  H M1 5'0.-WV W0” h l522f9m:l(,(':,,' 
     
     or. om: porous o lme. icy , ' V 21” . ,,K,.m5. M53 H", , C 5- Q J .- 
     
     wnuw be -bi--o win-.a--w-he  it 2:2.” :-.3... .2.   .:  mu s-..-a.i'?o&i.”i"i. 711- user snssusn 
     
     lire amount at any time but they. van can lririo ii I7 H 2 out January was I051. when 7.-' 
     
     likely Woillld net n()fl-DI':Vl1l;R8 nll "film-N. W" W u I M Ms W", mm. y 
     
     issuing clequcs agalns e ac- c ' . 
     
     count. Dcpositors might be told to mi 4.7A:e?., 3;...-, 35.5 -1 ' P '74 ' i " '  loucaooo 
     
     olwn up non-intcrcst - hcarinz cur- ('1-mm 545 W'- W- "H '7 C 0 
     
     rent accounts for this purpose. n""" N1n”""m.:';:;;l;” 05” " 'i Ommenls I1 
     
     ,, ,- Atuminlnn. 104 uni-. in inn. is . 
     
     Anglo will 125 str. st. . i. Douaf Pfefnjuntj 
     
     (0 Hrrvt lh'i V'll- Z4 '14 
     
     n M - rein tr." I." ii i. 
     
     Rain:-nlw" so ;'-1i.ll2:!- ';!-.l"5 :3 l.nNl)0N t('Pi Tho li'lu;ilu-l.1l 
     
     M 5”" 2”" WI " ' - Times. commenting on the (fana- 
     
        ,','."' "M tf diaii dollars post - war high in 
     
     - terms of Unitcti Slates funds. says, 
     
     N nnlmm mm H '1 Total lulu HI1-W it reflects a sitllntion almost lini- 
     
     N ll.-in. win;-. -7 'i . one for any country in the history 
     
     N lluxh -F-"I "7 P6 of modern r-colitimic ricvclnptiicnt. 
     
       lt'lillI   Monll'9Ul Sl'OCl(S it notes that the tianadiaii dnl 
     
     N Keltur 'l7tl I753 I7 lar has. risen in value despite an 
     
     vbteillo lotion .15 1.1 MONTREAL ((jPl-vliI(lllSlrial3 increasingly unfavorable balance 
     
     Qmgda  "11 "" Thursday moved irregularly high in the country's foreign trade. 
     
     5 min... .7" H .. H In active closed dealings on the particularly with the United state: 
     
     New itliuul win 20 in 10 Montreal and Canadian Stock Fm In addition. (Zanadian hank:-rs 
     
     N .-i .'l on It '4 K it -. - - . 
     
       --  -- ::::.i:;- :;::".'.'::  r::..”.:2;”::: '.::r:..".:.. 
     
     Ninis-lng -Lin lltl TIM H0 1 - H , r l 
     
     Nttn um II in It 4 i. In an active paper trade. Ahlt currency. 
     
     Ntll--'i"'i' 7')" ?" 75 N I ibi moved up H1 in 33 while Great The reason why this exposed pn-    
     
     3;,...:',,'l," ,.;?,', lg; ;; 2.; ' Lakes at to dropped a point. Con- slttion is not reiznrded by the (nr-; 
     
     Norlartlc son an A: m! uh fohdilllffd PVBP0TBillh35'-4 WM Iii: fig?” 91li:lg"h'ltE9' "'1”"”k”S Iii hrlhflli 11,3, ,..,1.- i.,..k lip, , ha"... hm; --ee----A--  --M 33.. 
     
     ll l”ii'v4 i ' l ' , n es ell creevunae. '. 
     
     R3535." 2.5.-ii in no I35 0 '”'”' "" '” 9".l"””"p , . 9 ” ll is A hoxlnz match. And. 10- ANOTHER Al.l'-ZITIAN Ql'AK 
     
     Nomnr i'"l”S i7 VI 17 in 1" M by a" equal l”"m"' lm" '5 "ml lam”! m"Vcm""5 lmm i.hoiil:li it's strange the way one 
     
     Nnrimu 7'-in 7 M2 7 "-"'""i". ""9" "ddcfl "' "l 9”” u” U5 ””"”'"" l"”””-V '" ""” ml-mm-r ofll1P'I'hail1iid Ail-'t-'nn-pl wnsllilv "row (tr-i rt t 
     
     N Halllt l7-om in in I.l.1 i International Nickel with a poinl- sci the whole of any current an M . . T . l r ,f i ' "' ""35 
     
     Nirltuii Wit" 57f N "5 'l increase moved up in 100 in bu" count deficit. the Financial Times" XI": lmm ls ”"."'.".ll ms "pp""U 3"” 3""l"”' l""'"-V, Th"l'-”l”-V '9' 
     
     3Nortn Can rm Ital lg  st metals while Aluminium Rained edimrm MW. ent during all cxlilhitlon hollt at ported another ”violent" earth- 
     
     ggilililn   on to t in '5 at il7'-i. Trans-Mountain Oil Tn mm. exmu mi, 1, I "m the Atrhmed lvor't;es slstadllum ln T:,i1l-iquake in the Aleutian island chain 
     
     "WM 1” M m K. , Pip? addm ,1 M in while in N. feeding process. it mminu”. TM p.l.' rf.V say s on since I elTlie slllvey said It lathe il'IPl'Ill'Il 
     
     Onniiin Slim 1: ll III: fining oils Imperial dipped M at incrplscd dn"-hr mu, W" I rep Thais fight with their feet as well major qlniko in ii series that be-. 
     
     g!iL-”"ly"' 1p'W':,' gt;  if 1' slam. n,.,.”,,,, M lnrrcnsing Us imwwas llIPIr fists. lgan last Saturday in the area. I 
     
     or-cm lI':0 no l0'; If”: N Calgary Power led inrrr-asp: in elil in Canadian investments. Andi rs aw 
     
     g""-f- 5-:37; 3; :1 1: '; uiiiitlcs climb 21. to 60,-: whllaan upward move In the exchanrel 
     
     rrcmil-hgt irm 9-, 9 "ya. u, Power Corp. was 2 ahead at 63'q'. rate xencrateii further speculntirel W 
     
     Plililillr ilsn I; I: a: v: BIT. Power It 43 gained 7 andilttveslmvni in Canada. 
     
     1- 'tec i in r . - .. We .. -... e - 
     
     -t:s--  3- 2-. :2 -l ?.:2.i::i'..d;:i:?r.i..:i  I . ., 
     
     Sllicalat lzsoo all 20 20 '-ix down. Steels were steady in rv'n9 0' co- 
     
     P ll.'."ll on it. 17 Z I . wlh Al dr ' .1 I 
     
     Pl5i'""""i' 3”" 1”, l-". '1'. ".3. ill-3' 31.1: n...5i”i.'.?.?n 323925 -2 2. Plans Refinery 
     
     . Pltcti-(tn ...I 50 '-2 ii . I I i 
     
     ll"ow Roll mil no as 22. in banks. Royal was '1 hotter 
     
     Pr llnr-I 100 ll: )4 "'3 ' at 65l2. SAINT JOHN. NR. t('Pt .. 
     
     :::"'l::'   :3,  ,5 Mines were nilxori with North Saint John industlualist K. (H Irv- 
     
     rmmo It'll Bio 390 .175 .wi is span dropping ill) at tun while int: said Wednesday the Irving - 
     
     rm Air 2300 no no III" Faraday moved up H to 2.74 and Oil ('o lltd is contemplating con- r' 
     
     Plmtelf 3001' ll ” lll, ll Stanleigh addcd I0 rents at SID. siruction of I Maritime oil rc- 
     
     g"” (lI"',', ,1;',;m"',,m "14 Chib Jaculct lost 9 and Portage finerv and both Saint lohn and 
     
     II! it i ' i - r ' 
     
     Qltc hill. :33 9;: 9;; M: :3 easoid Zdwilivllle mink;-r mic lacked Halifax have been considered as 
     
     nine an - i on an erri irm 4 cents. possible sites. 
     
     - 1 i . . .. . . 
     
     filuilllrllil  1'3? xiii is ,'. The exchanges closing average The company has I definite- 
     
     Que-mtml to slam. 15;. I51: it show banks up 0.07 at 50.0.1; Illll- interest in a refinery." Mr. Irv- 
     
     nmlnn mm H0 17-5 I I" tiles up tl.t at 142.3: lnrluslrials lng said. "but many factors must 
     
       ,3 1:2 1:; it Hrzgfnll 179.6; coilnsbiiied up 0.2 be consider.-d. Extensive market. 
     
     ltrknnnr aovoo 7n an n It a . ; papers up .53 at l.'l22.3tl and Industrial surveys are neces- 
     
     lltn NW W” "l ” " and 510108 I10 9-19 It 73-53. stirv before I ilito can in ile- 
     
     ltlx Attlub rno M 5.1 It i .l fd ., 
     
     n he awn :ul :4 r- uo.v1-iii-zai. ri.nsmo Horns " " ' 
     
     :;:'mc.:"' lh  El ll”. ll, Atittlnl M n'11c."tl'l'l..il:-ll. an l-  R 7 ' 
     
     SInA x . Ahit r 2.1 it sin .--c In It Nvci not 
     
     5....” RIV l.'llVt'0 II is t7 ” Arlbulloa not-. all; nE'n...  Pnn.a" irmum ts-l n.mn'l'-mi mi- 
     
     Sheen Cr I300 til 115 11-" i thank Mont 47'-I imp ml iii. El Auto ll Juli. Std on N 551. 
     
     Khcrrltt .'SAl.'i 7m Mo GM 9 It-ihurll I 36 int Nu-ii loo Gen Pi-r .w. I'M Aircraft 75-, 
     
     sit Miner IHM 7i 7v 7" mil to lot mp 14 Goodyear 15-5 v-mmiuin um 
     
     s 09 mi 15 TI 71 : Itrutt has hit rm ii at Nor in tin. wmnn. xiii. 
     
     sit Sinnti wt it It 4! am Prmi iv. Muntar an oil 7 Ind r as-4 
     
     Rlocan vii Httlt ii I7 I1 1'. Cement an Mrfoll nu 
     
     stdcona tum 1" 7'5 f7 fl C Cement pf 1min, V s; an iv --' v rm '"mr--'s- 
     
     sin-ii-uzn mo no on -I" ll" tr stumulip 1: Nonma. ll , h 
     
     ltlnrclt am 505 m 4?" '" c an Com us Price u G ' ha 
     
     stairiut iovio ti .0” ” ' lrrdfl hrovv In any PI-Iv uni  l Ky 
     
     steep R  If: all 2: if  (EFF!!! pr 14 Royal niuiil Mn r-- 
     
     SI rat-on ' " .n ..I tw II, III II . . 2 m - 
     
     suit cont am it it it -I (2 Chem" vitlslolvftzzn um w'NN”'LG '”" A ""'"”" 
     
     Sullivaa lid      out sou. lhavivt Mu. of export demand in flax an- 
     
     Syxnl . rm-noun: 7x sml "W peared on the Winnipeg Grain 
     
     TI em I300 ti W: "l" '5 Seurnmiu 3 tin slut IN . 
     
     1- . 7;," mil, 4-. is i lust-Iiange with export houses on 
     
     7::-T.-ill". ll!" lI'- "l' ”i'' " ll.m'l"'lF.'. vii wfAihlADlAV " thr buying side. Trade reports in- : 
     
     nomb an-"no  fl:   '""""'""" ""0 Wt" "0 l;'r rllcatcd parcel lot sales to the -l 
     
     7"" , 3. .1 """" 5 "' United Kingdom and the contin- 5? 
     
     'NrnhI mo 17 J ...a.. , N. 
     
     -I-.,,,,,. mg. in All : I rnt Offcrlngsdwt-cg in lthe form ;,' 
     
     Tn Is tom” 5 lhdsan U.. elln d 5': 
     
     "5""";:'l ' gm 3 :2 :2 ll”    lwl-coP..lz:ll alisorhed. l u H ' 
     
     -n:.w . , r , - 
     
     lltMlnln( win "I m if ' NEW YORK MP)--Stock Tllllf” HMIIII llflfrlli 
     
     V Mtwtm 9'” -W 5” 5"; ll 'kt-t turnover was at aholli lhr Ontr May '1 lowcr 7l"ah; .llv 
     
     :;."7:(':".': W"-,,,,, 5:,-, l,';,... lie: in 'lnweiit level of the your Thnrsdnv '7 low" 71”!-R; Oflt W low" 
     
     ll Mont sn.-io Hlq it it kiln an indecisive session which 72'ul. p ( 'x0.” 
     
     uni (fan sum 71 7! f" .1 ' t hrr iii BnrIcy' May '-4 higher om; Jiy I l ls 
     
     y . , "I on prices irregularly hla , 
     
      mun mulls: like i Milli? 01051 " l'”z""' 97”; 0” Vi l'”""' 
     
     vim mm iii vi "7 -i The market was higher It the 9ll';a . . I 
     
     vioii-in um m mi N i start. continuing wfdYi0Sfl8l"Q lair l-Ins" War 2': htnlicr NLSM: 
     
     :::i't-It M" ..J.'.”” ,:””,” in rise. But then profit-taking cm to -ll.i' M hitlhcr 2.fi2l'A; Oct. 2 high:-r 
     
     - '. ' w. I work and many alnil ml-lml 2.7R. 
     
     :erv.i'e”r'"   G. ylzir ': .w&vA I l R;o:hMny; It; :lKh(;:ql.l!Rl,h; :1). 
     
     Willi unzii7 ''or.--';. 
     
     ''"'r:" '”' "" '3 'l'.' .. dal:v"l:'ili?l:iimii:iilhlllll-Mnllrllx l.'lR".l.l l '1 N 
     
     v;'B.'..'::. 1;: ll is I1 a V: pei-ll and other non-ferrotis mcl- Prices for rtw two what Im- 
     
     ::,.,"..,,,     .l ,1, pgcgd 1. nilyln; tendency, the export to countzrielswoutside IWA: 
     
     '" ' a. list definitely went to the upside I Nor Alva; - 06: 3 1571:; 
     
     Yale lit-Mi am in 1" I i ' . 
     
     it. you no its in but not by much, 4 ISI-in: 5 IAIN. 8 1.3916; I Du- 
     
     vnm" s1-mo to, r-- -M v Continued doubt niimu . Mid rum 1..'ms; 1 1,:ms3 3 2.305; 
     
     Hint! Im : ff : ' "i in. 3": mg .1” ,.hm,. 1 , ppm. IWA and domestic prices: I Nor 
     
     "pf: peels for cats in the national huti- 1.6!"-2 1 I-6-W: -1 15701:: l lsliti; 
     
     o--no for Mo um. um git - H gel were factors which kept maov 5 t.4l.:iq:7,: I.-';9i::"lwtInmo.Iilr Du- 
     
     "t'' V" '7" ii" i investors on the sidelines Wall rum .. ; - ' : I 1-Nit 
     
     Yuul can mun .u N " 
     
     Street observers said. h 
     
     min -- --v--- vo- . . 
     
     Ac-mo on an in 1: 17: . The Associated Pr:-sin li'crnif' P d , 
     
     Mu WW 7' s of on stock: was up 30 cent: at i 
     
     av can mil to is :0 ro ucg 
     
     it-it Indie lion :7 IA -4 3173-W . 
     
     senor is II it . I Ilniii Canadian iiloclu in- , 
     
     latter I A M WW "W "'i '”' .nded .AlI.llIIllilI.lHI Ltd. up In. M0NTRr'”' "Tl - """"l' 
     
     m it vv '3:  If: 1: ';."' and,” 3., mm” 9. "4 (-Mm, lure department quotations: . , 
     
     . . ,M an p.c"ic it L0,," W", Eggs: Wholesale dealers pril-M . ' k t  I 
     
     Iri't.IltI m 1-ll V: "M 7' Walker - Gooderham and htslil- l" """'"'-V ”'"'''''v '""d9" ”"”- e a  S    l    I I   l 
     
     can-nu lm in 11! 17' 4 u.,.5,u,.,m 0" 5p ",4 I, ..,. extra-large flats-J9; tarp Ml-,.-rt; 
     
     ”""'" ”"' '" ”' "' :..tg gpgcuyg, ' medium 37”;-tilt; small 35; I 84's; 
     
     ragga IDBRIIIMIOI . I C”R""p 
     
     c on my in an an In Canadian lune: moving ahead - "3"" ' - 
     
     c on 1. win we at gt In H. M, ",3 Auntie" sum", in, Rutter: t'urrent non-tenrlerahlr 
     
     " & 2.; 3;: loo iv: fltlded Slllwinilln. in! 0!. (mm. receipt: 3!; current lendornhio 
     
     can Ad on in u n u 1 than Marconi to and SCIWI"y'-RIllI- "-"'P" -'''l- '”"'l"ll'M' !-'"N"- 
     
     can An oil In In I8 '3 '; how on 1.1:. lower were BrIziI- or! trim! Job twice WM: fresh 
     
     (3 ""' '”f',,. "Q l”,.. ft. in Traction. down ii. and RlcI- "i0'9"'9 3'0-"'4 
     
     CW"-"" . frulwholenlo hie mi. CIOARETTES 
     
     c on up no in In 7! . alt III. 
     
     c on. on man IL! ion in on an . (boa: f.o.Ii. factory. Ontario 
     
     & DIP C U '5 5 h at 1-5. pg while Mr colored 34- delivered ' 
     
     I. . v - 
     
     53.3: lmunlmnrnmol Advances an stI!"""'"'"l-Q'"'h" "M" 51 ""3 MlLD...SMOOTH...l'RESH 
     
     g; pug, min on H H i is thin," 357 gm orrd 31; wholesale Ontario white 
     
     c this my H" '' ' unciulunt i gt; 1;. iii: rnlorvti mu; wholeiulia Que- 
     
     "-E e"'"- -""l-"ti lliec iii at-eoiomlaa 
     
     cl-n-pulsar-in Totallatues inns. "l'- - 
     
     nu... sq at lat in in A! l PUJCII rlttridl white M! 
     
     Q. '2 3 : : R .  IICICII 134.13; KB. TIC 1.75-1.35. 91.3 
     
     M & . . l 
     
     at II we in um suns use I-an ik” ”'”-l5- "-3- 1' 33. P-I-I-I 
     
     In I n 3 -I Inc 0 IQI lm 1.01.1 
     
    
   
   
    
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