* : at #

Smith decides to $1.50 : St oes. ra so See transaction pleted. Mr. Grant's stock ts the stock but would neverthe- share. Mr he| If the stock goes up to $1.80 $i oun ams fare lier—| transtersed: to ‘Me. Genith's: ae less like to make some money wants to cover his short posi- a share, Mr. Smith may h Sell; P brokers, of course. Se grain cow aad ite Get 56 ee a do. longs market for totaal $00: "He buys 1,00 shares for a to i NG ocess instance, fa derstand because it He tells his’ broker to sell shares are «| hs “* — what co ss os Mr. Grant But short-cclling is. itt ‘borrows 1,000 shares—perhaps Mr. Smith’s account is debited his account and the 1,000 shares | ea (CP)—Just about the ‘vaguest | notion of apa ashy yg “epee oor It involves selling something | trom Mr. Grant’s account—and with the purchase price, $500. are veterned te Mr. Gents rot Shares onthe ial © you don't own, and this Mmysti-|selis them on the open market. | Since he had a credit of $1,000,’ s-count go about buying on It's one of the buyer and _sclier eS many. | Mr. Smith's account is cred-|his profit is $500. Se ee securities | meet personally, they are For example, Mr. Simith ited with $1,000, and a notation His gamble bes paid off. But) uh erase costes, tno ar ot Wee ieee [genre me t her thinks the price of a particular is made that Mr. Grant is what if Mr. Smith sells short oe Mad =: wines = made ¥ = ap aa stock will go down from $1 | 1,000 shares. | and- the stock then increases in| One of the main hazards of , ae os tae falling } ws =* brokers = ~— deal = com- share. He doesn’t own any of! The stock falls to 50 cents a’! price? short-selling is time.

OTTAWA (CP) — Canada’s | humanitarian rehabilitation of But chances are he has only falling market.

- “You ani

prisoners. the most kward in the world, | Wie od Ge cies Gal ing .penitentiaries and plans for ‘This type of thinking was 150

Harold Winch (NDP—Vancou- look into complaints by the Ca-

new penal institutions. years behind the times and w

eee JOIN THE LUCK allocate sufficient funds to build P™1#°2 camps in Si

Cash Your Baby Bonus Cheque Here... | vee to: (All Sweet)(— PORK Mar- rise - CHOPS garine

ment resolution to establish a ). sent to work camps in the!

: hn ne ae a

uy

: 5 i tj

ver East) has charged in the /nadian Corrections Association ae ——“Tthat the justice department is

lution was introduced and operate modern institutions oe a ee parlia-

He criticized the government planning to build “‘outmoded for- with effective rehabilitation ser- mentary secretary to Mr. Fav- of vices: ‘ reau. He expressed the hope

Successive governments had that the parliamentary commit-

for setting up two new inquiries tresses’ instead of modern, low- into penal reform when the 1938 security institutions. recommendations of a royal’ peRIDED SUGGESTION commission still are being ig- wr Fairweather derided a re- ; s ie. evaded their responsibilities by | | tee would make early and in- appointing _royal _commissions, | +.-im_ reeommendations-on-ways | —_ | parliamentary committees and /'s, improve plans for new insti- IN LB. advisory committees. The Tec- | tions. ONE. CENT ommendations were always the i. said a four-member com- - same soled they were always ,ission of inquiry into the whole ae pizeon-ho Id of corrections will take a rms ave ow. 0 : -"R. G. L. Fairweather (PC—-| agrange Sy wee wae f King Cole. WIN . ‘Surf Soap.

/ vored. cent suggestion by John R. Ma-| ‘Toyal) said a aoe has paseed | xj sion, named: last week, will be, Powder

began announcing plans for pe- the Spree nmi gle’ Oe sade at low, low late but it would help to convince | COU" Matheson ° sald Canada §

|. Mr. | per capita than any other ol

Us.tox cur Eerve’c'=n prices. Shop these firms this, and ev-| 0 ==*-»

Applies To Cars 2", oc. sentence tor | Light and Dark Shades. first offender in ee come |

From Canede (bare om Sx ca ery weekend. You may be the win- 99c man

OTTAWA (CP)—A cut in the ple should not go to prison. A|

Mr. Winch spoke on a govern- tho<on (L—Leeds) that prisoners | $25.00 | - am ris.

| 89 |B 99° mer Pres 4 ms 1

United States excise; tax on au-| Canadian was eight ‘times more | 4 Perfection Cc tomobiles, announced Saturday | likely to go to prison than a/ Buy another pair for only Ye GAL.

by President Johnson, is ex- | Dutchman, a Scandinavian or a . i »

pected to apply equally to cars | Briton. ner ‘ —p ee ee ee a a ree basil

imported into the U.S. from| =e ae e pois

Canada, a trade department of- | system may not be suitable for : ficial said here. |Canada, Mr. Matheson said. i it! —— . 6 Only In the case of automobiles |

| Factory Outlet Prices “Are. eee SPRING imported by US. retailers for |

00 COATS

there is a formula for comput: AN EYEGLASS HEARING AID ? : ; 5 Reyee — Meera! AN THE FASHION saieer | : e trade department official aa La . 4 ; ; = . i : said that in the case of US. HEAR MORE NATURAL TONES! a : ALL jadi: e Ce LLL *Z-20°

imports of Canadian cars, the! eut in the excise tax will neither

EYEGLASS HEARING AID

With your 95.00 order you get = pair of Seamices Nylons for 29c.

| MICHAEL'S GROCERY

, OPEN EVERY NIGHT TILL 8:00_P.M. AMPLE PARKING 8. Leneneeati -Ave..- Dial 4-6421. |. -

wholesaler's: excise tax, apply- ing to: the‘price:paid-bya- retail | automobile. outlet to its whole- | sale. butor source of supply. |

give an advantage nor impose a disadvantage. The excise tax. is to be further reduced to five | per cent in 1967.

DISCOVER BOMB |

RIO DE JANEIRO (AP)—| Brazilian police found a. time) bomb in a garden adjoining the | U.S. embassy Tuesday morning}

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shortly before it was set to ex-| plode. A police spokesman said the device consisted of a shoe box with 10: sticks of dynamite. | He said there were no clues immediately as to ‘who had) placed it beside the embassy. | } Microphone located in front of |

ae a | | ear for better sound reception»

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