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14 The Guardian, Charlottetown, Sat., Nov. 26, 1965.

Eaton Company Is Selling Stores In Six Ont. Centres

OTTAWA (CP)—The T. Eaton ;ompany is selling its 37-year- old Ottawa depariment store an’ smaller stores in five other nario centres to R. A. Bea- mish Stores, it was announced here

An Eaton's executive told a press conference the sale is part of an extensive redevelopment program involving heavy invest- ment

The aonouncemeat was made by the firms at a joint press conference

No price was announced.

Beamish President Harold Flaga! indicated his Ottawa- based firm intends to expand into department stores in the near future. -,

e said the purchase of Faton's Ottawa store and smaller ones in Picton, Napa- nee, Hanover, Woodstock and Stratford is “part of a general and cominued plan of expansion of eur organization in the retail market.”

“ R. Wilson, an Eatons ex- ecutive, said his firm has no plane for futur. stores here.

“Our Ottawa store is too small

for a full line depariment store and that is what our business is." Mr Wilson said.

INFORM STAFF

lve staff of Katon’s was told of the transaction just ‘before the press conierence. They were also told they could remain with the new. owner following the change of hands next Aug. 5.

Acquisition of the six new stores next Aug. 5 will give Reamish 45 outlets in Ontario and Quebec, 10 of them in the Ottawa area where the company

Laing Declares. *Not Interested In Agriculture

VANCOUVER (CP) — North ern Affairs and National Re- sources Minister Arthur Laing eays he is not interested in the agriculture portfolio.

“Don't talk to me about’ agri- culture,” he said here in an in- teryiew. ‘I want to be left where I am.”

Mr. Laing’s name has been mentioned prominently in specu- lation about the successor to Agricultural Minister Harry Haye,’ defeated Nov. 8 in his Calgary South riding.

Mr. Hays Wednesday was granted an official recount.

Mr. Laing would not speculate

on who might fill the post. But -

he dismissed as ‘so much eye- wash" the possibility that a sen- ator might be chosen:

He said the post requires a man who is in the House of Commons full time.

GM Employees. To Share Bonus

DETROIT (AP)—About $50,- 0 General Motors production workers will share a $14,000,000 kitty next month.

It's the socalled Christmas bonus which the United Auto Workers Union negotiated in 1964 contracts.

The bonus, from Supplemen- tal Unemployment benefits, was negotiated with GM and Ford Motor Co., but Ford won't be paying one. Ford’s required “maximum funding” level of its

$.U.B. fund is out of reach at -

this time. A Ford spokesman said this resulted from Ford's increasing hiring of workers, forcing a rise in the maximum funding level.

The GM payment will come-to.

about $40 for each eligible em- ployee and will be paid Dec. 17.

Churchill's Furniture

Sells Well

LONDON (AP)—The sale of tne first of two batches of f4r- niture from the late Sir Winston Churchill's’ London home brought a total of £2,174 ($6,-

dad the furniture not been Sir Winston's. experts said it would have brought -about a third of that

The highest individual price’

realized at the auction at Chris- tie’s was £500 ($1,500) for a

peir of regency zebra-wood card | tables. They were bought by a

dealer.

The furniture was put up for sale by Sir Winston's widow, Baroness Spencer - Churchill. The 16 pieces auctioned were from Sir Winston’s London house, 28 Hyde Park Gate

After her husband's’ death, Lady Spencer-Churchill moved to an apartment nearby and sold the house. ;

has 90.000 fect of warehouse and its head«uarters

Mr Flagal said his company will greatly expand the variety of its merchandise

“We are not sure into what fields we will be expanding but we intend to go into our own brand name with some of our goods,’ he said.

Mr. Wilson said Eaton's te looking at major markets” and the sale is part of a major re- development program being car- ried on by the firm across Can- ada.

Asked if Eaton's intended te build elsewhere in the city, he replied: “We have no specific plans at present other than to intensify our catalogue opera- tions.”’

David Kinnear, executive vice president of Eaton's, said the transaction “involved a very large investment in ‘urban re newal in major centres, new stores In shopping centres, continuing expansion and mod- efnization of store outlets and catalogue sales office opera- tions.”

One-Day Term. $3,000 Fine For Robbery

MONTREAL (CP) ~ A man who surrendered to police Mon day and admitted robbing a branch of the Canadian Impe- rial Bank of Commerce of $3,000 has ‘been sentenced to one day in jail and fined $3,000.

Police said in court they would never have solved the armed robbery of the bank here Aug. 25 if Ronald Gagnon, 21, had pot surrendered.

Gagnon, who had no police record, walked into the office of bank manager A. M. Rowe and asked for a loan. When # was refused he pulled out a revolver ‘and insisted the “loan” be made. :

The alternative to the fine is three years’ imprisonment.

Livestock Face Food Shortage

FREDERICTON (CP) — H. F. Stairs of Fredericton, director of husbandry for the provincial agri- culture department, said here livestock producers im east- ern New Brunswick are facing a shortage of all types of food for animals but there is no need for panic selling of cattle and no such move is underway: ‘a

Some farmers” in eastern Te- gions of the province have been forced to seel some young cattle because of a shortage of fodder, Mr. Stairs said. ‘But .. . they have been able to retain milk. producing cattle and the better stock for breeding.”

Mr. Stairs said there will be an increase in the cost of raising livestock” because “‘very little’ grain is grown in the province and producers will have to sup- plement their supply of fooder by buying grain from Western Can- ada.

He said the situation is not as serious in western sections of the province which had_ well-distri- buted rainfall during the sum- mer. Crops in Carleton, Victoria, Madawdska and _ Restigouche

Counties - were - “about normal

with other years." —

Mercantile Bank

Has Que. Branch

QUEBEC (‘CP)—The Mercan- tile Bark of Canada wil! open its first branch here Dec. 9, Stewart 8. Clifford. executive vice-president and general man-

a

He said the bank's decision to open an office in Quebec is based on confidence in the prov- inc>-wide economic expansion under way.

Mercentile is an affiliate of the First National City Bank of New York with branches in Montreal, Toronto, Winnipeg, Ca'gary. Vancouver and Hali- fax.

NEWSPAPER MAN DIES

TORONTO ‘CP! — Ian Mur- doch, veteran Ontario newspa- per man, 49, -died Wednesday after an illness of several weeks. Mr. Murdoch, who had worked on a number of Ontario daily newspapers, had _ been with the Daily Commercial News in Toronto when he be- came ill.

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