The COMMERCIAL and FINANCIAL
ESTABLISHED 1839 Reg. U. S. Pat. Office
Volume 195 Number 6152 New York Price 50 Cents a 7, N. Y., Thursday, April 19, 1962 Copy In 2 Sections — Section 2
TORONTO
BOND TRADERS
ASSOCIATION
BOTH ANNUAL DINNER: ,
KING EDWARD SHERATON HOTEL - • - APRIL 6, 1962
HONORARY HONORARY HONORARY CHAIRMAN CHAIRMAN VICE-CHAIRMAN VICE-CHAIRMAN VICE-CHAIRMAN SECRETARY TREASURER
Officers
E. A. Williams Peter S. Crysdale Harold D. Stanley E. J. All man A. E. St. Marie A. D. Thomas Thomas J. Ormesher Mason A Canadian Crysdale Royal Securities Imperial Annett A Company Midland Securities Wood, Gundy A A. E. Ames Governors Ronald W. Cairns J. A. Gable M. St. B. Harrison R. J. Putnam Robert A. White D. L. Erwood Harold Irving McLeod, Young, Weir Burns Bros. A Denton The Bank of Montreal James Richardson Nongeurd & Company (Ex-Officio) (Ex-Officio) A Limited & Sons Company Limited Harris A Partners, Dominion Securities Ltd. Corporation Limited Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (2) Thursday, April 19, 1962 Volume 195 Number 6152 ... A Supplement to the Commercial and Financial Chronicle Jim McLaughlin, Wood, Gundy & Company Limited (Montreal); Eric Scott, J. H, J. R. Meggeson, Meggeson, Goss, Macrae J. F. Van Duzer, Mills, Spence & Co., Limited; Harry Tindall, Hanson, Richardson & Co. Ltd.; Ernest P. Jarvis, Wisener, Machellar & Co. Limited; Jim Carnegie, Wisener, Machellar & Co. Limited Peter Biggs, Wood, Gundy & Company Limited; Hugh McLelland, McLeod, Young, Weir & Company, Ltd.; Dave King, Royal Securities Corporation Limited McLeod,Youkg,Weia & Company LIMITED Members: The Investment Dealers' Association of Canada Government, Municipal and Corporation Securities Jack D'Arcy, F. L. Putnam & Company Inc. (Boston, Mass.); Mickey McBride, Midland Securities Corporation Limited; Charles A. Bodie, Stein Bros. Head Office 50 KING STREET WEST, TORONTO Gairdner S Company Limited Montreal Ottawa Winnipeg London Vancouver Hamilton 320 Bay Street, Toronto, Canada Calgary Kitchener Quebec Sherbrooke Windsor Edmonton New York We provide a complete service for corporate financing in Canada. Private enquiries from dealers invited. Affiliate: Affiliate Members: Gairdner & McLeod,Youhg. ir The Investment Company Inc, We Dealers' Association 60 Wall INCORPORATED of Canada Street, New York All Major Canadian 1 CHASE-MANHATTAN PLAZA • NEW YORK Toronto Stock Exchanges Calgary Edmonton Halifax Hamilton Kingston Kitchener London Montreal New York Ottawa Quebec Vancouver Winnipeg Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Y Volume 195 Number 6152 ... A Supplement to the Commercial and Financial Chronicle Thursday, April 19, 1962 (3) BONDS STOCKS M ARRETS maintained in all classes of Canadian external and internal bond issues. Stock orders executed on the Montreal and Toronto Stock Exchanges, or net New York markets quoted Jim Claydon, Royal Securities Corporation Limited; Ozz Patryluk, Bankers Bond Corporation Limited; Joe Murray, A. E. Ames & Co.; Cam Laidlaw, O'Brien & Williams on request. Direct Private wires to Toronto, Montreal, Ottawa, Winnipeg, Calgary, Vancouver, Victoria and Halifax BELL SYSTEM TELETYPE NY 1-702-3 Dominion Securities Corporation Boston Associate Member American Stock Exchange Toronto London, Eng. 40 EXCHANGE PLACE, NEW YORK 5 Montreal Ottawa Telephone WHitehall 4-8161 Winnipeg Calgary Canadian Affiliate — Member Toronto, Montreal Vancouver Halifax and Canadian Stock Exchanges Victoria 1 Rodolph Casgrain, Gasgrain & Co. Ltd. (Montreal); Eugene Baker, Bank of Nova Scotia; W. S. Mannell, Royal Bank of Canada; J. C. Iliffe, Bank of Nova Scotia Canadian Investment Securities A. E. Ames & Co. Limited UNDERWRITERS AND DISTRIBUTORS A. E. Ames & Co. Members Toronto and Montreal Stock Exchanges Affiliated offices in sixteen cities in Canada, England and France A. E. Ames & Co. Incorporated Two Wall Street, New York 5, N. Y. Page Wadsworth, Canadian Imperial Bank of Commerce; Bellman Mason, Mason & Crysdale Limited; BUSINESS ESTABLISHED 1889 Jack Lascelles, Dominion Securities Corporation Limited; Peter Betts, Graham Armstrong Securities Ltd. (Montreal) Mttts,' Sp«»«® & ,MC* e—— m Harris & Partners Limited 55 Yonge Street, Toronto 1 U5 BROADS affuiated wi(|l , Tel. EMpire 2-5751 129 St. James Street W. 52 Cornhill Montreal 1 London, England Member of BSETscK* The Investment Dealers' Association of Canada Investment Sec""*JV, : LONDON, ENG. „ MONTREM- WINNIPEG TOBONT Charles Goodeve, F. B. Ashplant & Co. (New York City); Ted Avison, Canadian 1 < finelU'^ & Imperial Bank of Commerce Affiliate Harris & Partners, Inc. M.mb«.s pronto StoAE^he 9 20 Exchange Place, New York 5, N. Y. Tel. WHitehall 4-0731 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (4) Thursday, April 19, 1962 Volume 195 Number 6152 ... A Supplement to the Commercial and Financial Chronicle At Your Service Midland Securities Corpn. Limited MEMBER: THE INVESTMENT DEALERS' ASSOCIATION OF CANADA The Midland Company Limited MEMBER: TORONTO STOCK EXCHANGE MONTREAL STOCK EXCHANGE 1 CANADIAN STOCK EXCHANGE John Duffy, Hanson, Richardson A Co. Ltd.; Nev Adams, McDonnell, Adams A Co., Ltd.; Andre Beauchamp, Geoffrion, Robert & Gelinas (Montreal) Midland Canadian Corporation NEW YORK CITY Specializing in Province of Ontario and HydroElectric Power Commission ofOntario T. A. W. Duncan, Annett & Company Limited; Walter Lund, Bank of Montreal (Montreal); Ted BONDS Percival, Merrill Lynch, Pierce, Fenner & Smith Incorporated • Mason & Crysdale LIMITED r ,. . Members: The Investment Dealers' Association of Canada • 302 BAY STREET TORONTO 1 EMPIRE 6-8961 Bellman H. Mason Peter S. Crysdale Marie D. Saunders Paul Flemming, Flemming A Co.; Ed Simpson, Intercity Securities Corporation Limited; Walter Wilson, Intercity Securities Corporation Limited CANADIAN SECURITIES BELL, GOUINLOCK & COMPANY Jf IE specialize in servicing dealers LIMITED 1/1/ by obtaining or placing blocks ESTABLISHED 1920 of Canadian listed or over-the-counter securities. ■ ' 44 KING STREET WEST, TORONTO Our Trading Department maintains firm markets on listed and unlisted TRADING DEPT. issues in U. S. funds and is available UNDERWRITERS AND DISTRIBUTORS OF EMpire 6-5831 for all types of dealer or institutional TELEX 02-2461 CANADIAN transactions. GOVERNMENT, MUNICIPAL AND CORPORATE SECURITIES WISENER, MACKELLAR AND COMPANY LIMITED Ross Hilborn, McLeod, Young, Weir A Company, Ltd.; Fremont W. Robson, AFFILIATES MEMBERS MEMBERS McLeod, Young, Weir, Inc. THE INVESTMENT DEALERS' THE TORONTO STOCK EXCHANGE (New York City) BELL, GOUINLOCK & CO. LEGGAT, BELL, GOUINLOCK ASSOCIATION OF CANADA TELEPHONE 366-6996 INCORPORATED LIMITED 74 220 Bay Street, Toronto 1, Canada Trinity Place Members Montreal Stock Exchange New York Montreal Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Volume 195 Number 6152 A Supplement to the Commercial and Financial Chronicle Thursday, April 19, 1962 (5) CANADA— Service on all Securities When you require information or quotations on any Canadian Industrial, Mining or Oil security, our research and trading facilities are at your disposal. '. v • • ' • -V'-' '• ' Monthly Bulletin on Request Ross, Knowles & Co. Ltd. Members: The Toronto Stock Exchange and The Investment Dealers' Association of Canada 25 ADELAIDE STREET WEST TORONTO, CANADA Craig Hamilton Brantford Brampton Sudbury Sarnia Windsor Malcolm, Nesbitt, Thomson & Company Limited; Herb Macfarland, Nesbitt, Thomson ,r Nesbitt, Thomson and Company, Limited 355 St. James Street West, 350 Bay Street, MONTREAL TORONTO MONTREAL QUEBEC TORONTO OTTAWA HAMILTON LONDON, ONT. KITCHENER PETERBOROUGH BARRIE QODERICH WINNIPEG REGINA CALGARY > EDMONTON VANCOUVER VICTORIA SAINT JOHN FREDERICTON MONCTON HALIFAX NEW YORK ' LONDON, ENGLAND Canada-Wide Bond Trading Services With 5 Affiliates in New York and London, England Ian Heggie, W. C. Pitfield & Company Limited; Walter Sullivan, Canadian Imperial Bank of Commerce; Bill McAlpine, Brawley, Cathers NEW YORK 4, NEW YORK CANADIAN SECURITIES complete facilities for Canadian stock and bond trading SPECIALISTS IN CANADIAN SECURITIES © Barns Bros. >n» Denton James Richardson & SonsJnc. Limited 14 Wall Street Investment Securities New York 5, N. Y. © Burns Bros. & Denton Telephone Canadian Affiliate > Inc. ': vy , DIgby 9-2850 James Richardson &Sons 44 Established 1857 King Street West, 2 Broadway, TORONTO 1 NEW YORK 4 Serving Investors Across Canada MONTREAL VANCOUVER CALGARY WINNIPEG HAMILTON OTTAWA Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis (6) Thursday, April 19, 1962 Volume 195 Number 6152 ... A Supplement to the Commercial and Financial Chronicle Brawley, Cathers & Co. Members <5 Investment Dealers* Association of Canada Toronto Stock Exchange g CANADIAN GOVERNMENT-MUNICIPAL-CORPORATION SECURITIES w Tim Barber, Davidson & Company; Carlton B. Green, Bongard & Company; Joseph Robert, Wisener, Mackellar & Co., Ltd. CANADIAN IMPERIAL BANK OF COMMERCE BUILDING EMPIRE 3-5821 TORONTO Alastair Gray, James Richardson & Sons; Harold Thomson, Canadian Imperial Bank of Commerce; Howard Bennett, James .Richardson Members The Investment Dealers' Association of Canada All Principal Canadian Stock Exchanges Adelaide Street West Toronto, Ontario, Canada i \ Walwyn, Stodgell & Co. Limited Members: Toronto Stock Exchange The Winnipeg Stock Exchange The Investment Dealers' Association of Qanada STOCK ORDERS EXECUTED ON ALL EXCHANGES 44 KING STREET WEST, TORONTO EMpire 4-1131 WINDSOR WINNIPEG HAMILTON CORNWALL PORT HOPE / \ Harold (Red) Jarvis, A. E. Ames & Co., Incorporated (New York City); Fred Blain, A. E. Ames & Co. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Volume 195 Number 6152 ... A Supplement to the Commercial and Financial Chronicle Thursday, April 19, 1962 (7) m.I I Annett & Company Limited Member The Investment Dealers' Association of Canada CANADIAN GOVERNMENT AND CORPORATE SECURITIES 220 Bay Street, ; 129 St. James Street West, Toronto, Ontario. Montreal, Quebec. Red Jarvis, A. E. Ames & Co., Incorporated (New York); Jerry Hanson, Royal Bank of Canada; Joe Pope, Pope & Co.; Tom Ormesher, A. E. Ames & Co. Telephone 362-7661 Victor 4-4451 AFFILIATED WITH ANNETT PARTNERS LIMITED Member Toronto Stock Exchange Underwriters Distributors Dealers Government of Canada Bonds Treasury Bills Provincial and Municipal Debentures Corporate Bonds and Shares Prime Acceptance and Commercial Paper Mickey McBride, Midland Securities Corpn. Ltd.; Ruth Walker, Entertainer; Charles A. Bodie, Stein Bros. & Boyce (Baltimore, Md.); Peter Crysdale, Mason & Crysdale Limited EQUITABLE SECURITIES CANADA LIMITED Member of The Investment Dealers' Association of Canada EQUITABLE BROKERS LIMITED Member of The Toronto Stock Exchange Head Office 60 Yonge Street, Toronto, Canada MONTREAL • HAMILTON • KITCHENER U. S. Subsidiary: Equisec Canada Inc. Direct private wire with Goldman, Sachs & Co., New York George Paxton, Canadian Imperial Bank of Commerce; William Korn, Dominion Securities Corporation (New York); Ben Scott, Dominion Securities Corporation Limited; Bruce Maxwell, Dominion Securities Corporation Limited; John Schultz, Dominion Securities Corporation Limited ~nU&COMpAtlY f " m . T * •> DEACON FINDLEY COYNE LIMIT Members Investment Dealers' Association of Canada Government, Municipal and Corporation fionde 181 BAY STREET, TORONTO 1, CANADA Leo Lagasse, Greenshields Incorporated; H. A. Masson, Royal Bank of Canada; J. R. McCloskey, Royal Bank of Canada; Frank Weedon, Jones Heward & Company Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Volume 195 Number 6152 ... A Supplement to the Commercial and Financial Chronicle (8) Thursday, April 19, 1962 Canadian Government, Municipal and Corporation Securities ANDERSON & COMPANY LIMITED Members The Investment Dealers' Association of Canada • u. , . r DOMINION BANK BUILDING, TORONTO Canadian Government and Corporation Securities Paul Esson, Dominion Securities Corporation Limited; Gordon Tomlinson, Dominion Securities Corporation Limited; Phil Bartlett, Dominion Securities Corporation Limited; Bob Dacks, Dominion 4 King Street West • Toronto A A^A-fAAtWA'"- ;;v::/'. IA/BAAA'%- A . Telephone EMpire 2-6121 affiliate of T. A. Richardson & Co. Members The Toronto Stock Exchange KERNAGHAN & CO. LIMITED INVESTMENT SECURITIES 2nd Floor, 67 Richmond St. W., TORONTO, EM. 4-4256 Specialists in Special Situations. . B. C. Power — Study on Request THOMSON KERNAGHAN & CO. LTD Members The Toronto Stock Exchange TRADERS IN — Homer Dunn, Dominion Securities Corporation Limited; Jack Love, Dominion Securities Corporation Limited (Montreal); Arthur Langley, Dominion Securities Corporation Limited; Ian Main, INVESTMENT Dominion Securities Corporation Limited BONDS & SHARES Meggeson, Goss, Macrae & Co. Ltd. PRUDENTIAL BLDG. TORONTO EM—4-3431 TELEX—02-2272 ESTABLISHED 1921 MEMBERS: THE INVESTMENT DEALERS' ASSOCIATION OP CANADA Dealers in Government Bonds SAUNDERS, CAMERON LIMITED FIFTY-FIVE YONGE STREET TORONTO 1, CANADA EMPIRE 6-8601 Bill Scott, Gairdner <£ Company Limited; Suzy Polaroid; Ted Avison, Canadian Imperial Bank of Commerce; John Brown, Gairdner & Company Limited; Frank McDonald, Gairdner & Company Limited Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis