- Penny Stock Speculators Refuse To Heed Warnings

by JOHI\ SELANUER idian Press Staff Writer l’t‘ sword ot' Datnoclcs nar. . ov l head of every tires in penny mines.

t t won't take much 'u strengthen—or breakethe thi " tiding it. That xvil’ nit pen when news of drilling t‘t. suits filters back from the north- ern Ontario mining commumtv of Timmins.

peculator ls bean warned of the danger of penny othel -but he isn't listening.

I 1‘he rush OI speculative buy thug: copper-zinc-silver find )3 Texas Gulf" Sulphur Co. in bush land

mins. Favorable assays

by T::;as Gult management. u.- con" 1 25,000,000 tons of ore. IS SKYROCKFT

SH.” Texas Gulf shares have sky-

rocketed on the New York Stocti

I Ex~hange. and shares or specu Iative mines \itiich hold prop-

Ilast neck is the result of tnr‘

in miles north of Tin... navci drillel in an orenody estimateo‘

‘orty or mineral rizhls on land close to or adjoming that of ‘Texas Gulf in Kidd TU\\llallIl: ‘have responded by rising giddy heights.

For the unscasoned specula- tor. herein lies the danger. 3 At the height of Friday 5 rec 1ord trading on the Toronto Stocl Exchange, president Lt. ‘ Gen. Howard D. Graham Issued a warnings for what he called “new and unsophisticated inves- t tors."

In

LUCKY DRAW WINNERS 0 Mrs. Joseph Costello .10 Bayfield St. . Mrs. David J. Walker. 17 West St.

. Mrs. Elton Woodside. New London

140% Gt. George St.

Dial 4~8924

t 3 “Some undoubtedly w o u t a i make profits," he said, “but a V great many mort must be pr». i pared to lose their money."

He added that "unless they are prepared and able to acecp. losses. they should not get in- volv "

Indicative of the brokers' re alistic attitude Is the fact tha. many of them are fulfilling pur chase orders from clients in these shares only on the basis of 100 - per - cent margin — m

l

straight coda. The usual nur- gin is 70 per cent. HAS BOOSTERS

But the boom is not without its boosters.

George ﬂees, former trade

and commerce minister in the ranked and gest producer of natural gas: ion ott

Diefenbaker government

loath

mainland and on van. couver Island within the next

e .

The investment in each will run between $65,000 and $80,000, ’ the company said. Pacific is. as Canada's second lar-‘

now president of the Montreat and eighth In product and Canadian Stock Exchanges, ‘

said that the "speculation

on tor some time Commenting on the danger 0! losses for inexperienced specu

ators. Mr. Hecs said "the in-

I vestors are adults and “(ill ante I

g to think for themselves,"

Most agree that the boom which s aw 28,704,000 shares traded on the Toronto Stock Ex- change Friday — the largest number ever traded oil a North American exchange in one day -\vill continue for a few days.

After that, the hair holding Damocles‘ 5 word may well weaken.

TO ENTER MARKET

Elsewhere in business news last week, Pacific Petroleums Ltd. announced it plans to enter the lucrative lower mainland market of British Columbia With a series of service station out- lets. Well financed —— the coin- pany is controlled by U.S. giant

is - \\'eII~based and probably \\’llI goi

crude oil,

Eric Kierans. revenue minis- ter government stoutly defended in. vestment and other economic :activity by the Quebec govern meiit in a speech to a divt sional meeting of the Canadian Manufacturers Association.

“There is a place for govern- ment investment,” he said, add- ing that “there are times when private enterprise says that a certain kind of investment is not suitable because the rate of re- turn is too ’

bee, he said, was merely : “trying to reach the same level Iof commercial efficiency that 'other economies have done be- fore."

Dr. Kildare Heads List

Phillips Petroleum Co. of Okla;

homa—the firm said it Will

open “several hundred stations" -

I RICHMOND 8n“? orslct or 1!! «mu 1‘ comm W on.

t

HOLLYWOOD tAP)—Dr. Kit- ; dare was voted the most popu I lar show on television by read- 1 ers of TV Guide.

‘ The readers‘ choices were an ! nounced Friday night on the an mini TV Guide awards pro

gram. Other winners:

Best single show of the seat ,

son: Tyger. Tyger. a Kildare two-parter.

Favorte new show of the sea son: The Fugitive.

Most popular male perfm ‘ mer: David Janssen, stai- f The Fugitive.

Most popular female pertai- mer: Inger Stevens. Best news show: Brinkley Report.

Huntley

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Clgi'lottetowu, Mon. April 20, 1964.

PAGE 11

E i.

t 5 t

Among the favorites In the 4.000-mile cross-Canada auto rally that left Vancouver Sat-

POSSIBLE WINNERS IN AUTO RALLY

1‘ I h.

urday are. from left. Dick Gibbs of Menosonee F at ts. Doyen of Wauwatosa, Wis. Wis. Doyen and Gibbs were Oliver Gendebein and Clay over-all winners last year and

and

Gendebien first. In class fourth over-all. tt‘P Wirephoto)

Extremists Seen "Noisy Minority'

CAPITAL BUREAU

OF THE GUARDIAN OTTAWA Canadian ex- trcnrsts should not be silenced but should be exposed for what‘ they are noisy minority.‘ Heath Macquai‘rie. MP for Queens said here last week in an address to the Confederation Club of Ottawa. "We must ansuer them by giving articulation to the mas- sive sentiment for goodw' moderation and common sense.

9

tity government in the past four LICCllOnS and the two-party stair: had gone into eclipse as other parties compete with ’cach other In producing im- :possible or unpalatable pana- iceas for the nation‘s ills. I Mr. Macquarrie said he twould not suggest that federal- I provincial troubles are a crea-

which fills the hearts and minds “on Cf the New"1 government

of the overwhelming majority bl” the performance and of Cmadians’n Mr. Macquaﬂie cord of the Liberals has a.- Muarcd ready SCl‘lellSly _\\'eakened the ‘ _ hasn- relationships on “then He said ‘he pmsem (“ms 1“ ‘ the federal structure rests. Confederation was serious and He Sald that the fabric of

diftunbing 811d OOH-Id even be confederation has been strain- uangerous While Canadians ’ ed in the past as New Brunswick had no difficulty in endorsing tried itself out and of their provincial governments. '13 Mpg elected from Nova they were gripped with hesit- Scatia m 1867. 19 “ere pledged ancy and uncertainty in exer-tto take that province out of risng their national franchise. ‘, Confederation.

The result was only one major- ‘. Paying tribute to Premier Ro-

'ba:ls of Ontario, as a man at

moderation and Wisdom, he asked what would be the late of Confederation if Onttario were now led by a Hepburn or 3 Hawaii?

“I am cciivmced we are in one of those historic phases whine it would be well to em- phasize Dominion rights and to ieiterate the stmplc statement that confederation brought one pottical cotiimunity into being, n l. a more :ealicnnient of sev- eral." Mr. Alacquarrie declar- rd

MAKES DONATION

DACCA, East Pakistan (AP) President \bdel Salam Aref of Iraq has donalcd 65.000 rupees —ahout $13.000—for relief of Moslem refugees trom In following recent communal riot- ing

THIS WEEK IN

CLIP AND SAVE FOR REFERENCE

CHARLOTTETOWN and DISTRICT SPORTS

A public service in the interest of good sport, contributed by these Charlottetown and district business concerns . . .

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Certiﬁcates worth $100.00 cash are inserted into a number of packages of Peter Jackson cigarettes—one of these packages could be the next one you buy. If it is and you answer a skill-testing question correctly,

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12 Alexandra Drive

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Where Service is a Pleasure Open 7 Days Each Week Tires, Batteries, Accessories.

Minor Repairs. Tune-Ups. Phone 4-4136 Southport

Across From Causeway

WHERE GOOD SPORTS MEET THE ROD and GUN CLUB

Dancing and Special Entertainment Friday and Saturday

130 Richmond St. Charlottetown

MONDAY

BOWLING—Casual Bowling 2 to 5 p.m. Rollaway SWIMMING—Ladies swimming 2.30 to 3.30 YMCA SWIMMING—Men's Swimming 8 to 10 YMCA MEN’S FITNESS CLASSES—7:30 p.m. BOWLING—Open Bowling 10 am. to It pan.

Basilica Recreation Centre KEEP FIT—Keep Fit Classes 7.30 pm. Basilica Recreation

Centre

and 5 to 7

TUESDAY

BOWLING—Casual Bowling 2 to .5 p.m. Rollaway SWIMMING—Ladies Swim 8 to 10 YMCA SWIMMING—Business Men’s Swim 12 to 12.45 YMCA SWIMMING—Juvenile Boys Swim 4.45 to 5.15 YMCA WOMEN’S FITNESS CLASSES-7:30 p.m BOWLING—Open Bowling l0 a.m. to 3

Basilica Recreation Centre KEEP FIT—Weight Lifting Basilica Recreation Centre

inm. and 5 to 7

WEDNESDAY BOWLING—Casual Bowling 2 to 5 p.m. Rollaway WIMMING—Ladies Swimming 2.30 to 3.30 YMCA SWIMMING—Junior Girls Swim 5.30 to 6.00 YMCA SWIMMING—Family Swim 6:30 to 7:30 YMCA MEN’S FITNESS CLASSES—7:30 p.m

BOWLING—Casual Bowling 10“}; 5-7 Recreation Centre

JOHNNY’S MAYFAIR TEA ROOM (or. Kent and Prince Sta. Lunches - Confectionery Magazines - Smoker. Supplies

BARRY’S SNACK BAR (Barry Moore. Prop.) The Sportsman's Rendezvous Take Out Service Open Daily L‘ntil 3 a.m. Phone 4-6767 25 St. P. Rd.

MODERN SNACKS FOR MODERN PEOPLE Humpty - Dumpty

Potato Chips (Tulle Bros. Props.) Phone 1-3751 79 Queen

THURSDAY BOWLING—Casual Bowling 2 to 5 p.m. Roltaway SWIMMING—Junior Boy's Swim 5.30 to 6 YMCA SWIMMING-Ladies Swim 8 to 10 YMCA BADMINTON—8.15 to 10 p.m. YMCA WOMEN'S FITNESS CLASSES—7:30 p.m. BASKETBALL—Workers Basketball Basilica Rcc. (‘cntre BOWLING—Open Bowling 10 mm. to 3 pm. and .‘i to 7

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FRIDAY

BOWLING—Casual Bowlinz 2 in - o.m. Roltawav

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SWIMMING—Men's Swim 1:30 YMCA BOWLING—£35m] Bowling to am. Recreation (‘cntrr

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SATURDAY BOWLING—Casual Bowling 2 to 5 p.m. Roltaway SWIMMING—Family Swim 1.30 YMCA BASKETBALL—Girls Swap 1 to 3 YMCA

CONNIE LeCLAlR Building Contractor Repairs and Renovation- to Kitchens. Rumpus Rooms.

Dial +9141 64 Orlebu- I.

BASKETBALL—Boy’s Swap 3 to 5 YMCA BASKETBALL—Basilica Recreation Centre

Plumbing and Heating Contractor Bus. Rec. 1-”! Phones 4-828 Elm Ave.

HARRISON JA MES

RANKIN'S WHITE ROSE SERVICE

Tires Batteries- Accessories ,

Free Pick-up and Delivery Phone 4-5643

' Grafton Street East

BRIGHTON DAIRY tAllie Mclnnts. Prop.) Drink Milk For Health's lab Dial 4-333) I." ﬁre. I.

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