The Ottawa Journal from Ottawa, Ontario, Canada • Page 10

10 Thursday -July 13, 1972, Univrsity of Western Ontario business school professors, in the first of a planned series of research papers on. the Canadian securities industry, gives markets good marks During' 1970, savings in Canada exceeded capital formation expenditures and Canada was a net exporter of capital. The formation of pools of capital Tor investment amounted to about 22 per cent of gross national o- industrial nations. "The sufficiency of domestic savings in 1970 represents a major shift from the situation a earlier when foreign funds inflows financed about 17 per cent of capital outlays," the study by David Shaw and Ross Archibald says. "While the need may exist for additional foreign financing in the future, nevertheless the data presented show that Canada has 'achieved a considerable degree of financial maturity and should the capacity to finance its normal internal needs from domestic savings." Unlisted mines "Ocmf shr Ashr cmf cmfcmBVCVW TORONTO quotations of 3:30 p.ml EOT on unlisted mlnet Bed provided by the Broker Deot- er Attocionon or conooo: Bit Ask Lewi! 34 Abeto 5 7 Lundor 100 120 Advnc 5 7 Mgoma 4 Agret 30 23 Mndrn 14 )( Rue 10 12 Maroca I 11 AM Ror 7 10 Matt 8 11 Alexnd 6 Maxtor 50 40.

Augdm 23 24 McVit 150 200 Auodm 23 24 Mid Nk 13 IS Borgtn 10 13 Mid Pat 11 13 Beocn 12 15 Mid Pot 10 12 Belore 21 24 MM Hill 50 .52 Blron By 20 24 Moly 53 58 Brcme 5 7 Murgor II 13 Brldg 5 10 Lorie 3 5 Br Scope 5 10 Met 35 40 Brokn 5 10 Nesbit 35 45 Buloro 70 Pat 40 SO Camdx 15 18 Nick 10 IS Candy 10 IS Nordv 55 50 Card 14 17 Nordic 35 45 CorHng 32 35 Northvl i Castle 8 4 4 Ontex 18 21 Choice 37 4T Orotino 14 II tin Pore 3 Porr 4 7 Colleen I 10 Proto IS Comstk 7 9 Woylyd 17 22 Com Nk 7 Redcon 7 10 Cop 10 12 Reoctr 10 15 CW1 Ex so 40 Hemy 28 31 Cap LO Rexdl 5 1 Cop VIM 10 13 Rich 6 15 18 Mont 3 5 Robin 145 155 Path 30 50 Rxmrk 3 5 Shnby 11 14 Rutton 20 23 Crock St 1 3 Judot 40 50 Oeiour It 10 Morla 18 Dove Lk IS 35 Skobo 17 22 Croibbe 7 10 Seaway 40 60 6 Rock 1 2S Seemr II 22 Ego 9 11 Seldor 20 40 Esmae 5 7 Sheldn 7 I Eeklmo 12 SUV Side 4 I Fundy 4 7 SHv Eka 25 30 Gospe 50 53 Stump I 11 Hrkr 8 10 Sturdy 15 17 Ho4rn 5 8 Sturoex 30 32 Home 10 12 Somlt 35 75 Bruce 2 5 Sup Add ,10 15 Hoc mo 25 35 Tomon 12 Hunch 3 McFle 7 Ideal 5 15 Ur Rldg 2 4 Jndpnt 1V 2 Ur Vally 15 25 'Ifld Mtn 55 65 US Cmx 23 27 WW 225 Vwpnt 100 125 Int Kenu 14 18 Woso 4- I Invkto 5 8 Yorbeou 10 Iron Cliff 5 10 Yelorx 14 1 jocoia 2 4 DavM 16 19 Jomkl 5 7 Oils Janus 5 7 Angelut 13 17 Kappa 35 45 Antny 85 95 Kenoga 10 13 Ark 40 45 Xing II 5 10 Boslen 16 19 Kgomd 4 IC Oil Lk Exp 7 9 Dlhoust IS II London- 20 30 Erie Sh 43 49 Laroma 4 6 Onaco 4 6 Lassie 14 16 Portfld 5 10 leeds 1 3 Showne 10 13 tewile 4Vt 6 Sportex 20 30 The Ottawa Journal Professors give top marks to securities TORONTO (CP) A team of I industry The study notes that the fed eral government study on for eign investment directed by Revenue Minister Herb Gray says there is an apparent re luctance in the financial sector to support risky ventures. Prof. Shaw told a news con ference that while the govern ment study may be correct they found no data to support that conclusion. He said other re search indicates there may be a lack of talent to manage risky ventures and not a lack of The study by the two Ex-airline pilot held in skyjack SAN FRANCISCO (UPI) A 29-year-old former Bulgarian airline pilot was arrested Wednesday as the third conspirator in the July 5 $800,000 attempt to hijack a Pacific South west Airlines plane. His alleged conspirators, also from Bulgaria, were killed by FBI agents as the plane sat at San Francisco Airport A Cana dian passenger was killed by one of the hijackers as he fired at FBI agents.

The FBI arrested Lubomir Peichev at his place of employ ment in a tool and die shop in Oakland. The FBI said a piece of paper found on one of the hijackers contained the latitude and longi tude of an abandoned military air strip known as Puntzi in a remote area of British Colum bia. The two hijackers had in dicated they wanted to go to Si beria. However, it appeared they planned to land at Puntzi. The FBI said investigation by the RCMP disclosed that all three conspirators had been to the air.

strip June 25 and that Piechev flew there the day of the hijacking in a plane char tered at Campbell River on Vancouver Island. MAY BAN GUARDS HALIFAX (CP) Attorney- General Leonard Pace of Nova Scotia said Wednesday legisla tion might be introduced to pro hibit communities from contracting for police services with private security firms. Mr. Pace said a recent amendment to the Private Investigation and Guards Act might not prove ad equate for this purpose. Mr.

Pace noted that the towns of Oxford, Stewiacke and Shet ourne in Nova Scotia now em ploy private guards for police duties. 'v VS i en 1 sors was sponsored by the To ronto Stock Exchange. RANKS HIGH The first report, which is a review of all securities markets, says the Canadian market "must rank with the capital markets of such large countries as Germany and Japan after the U.S. and the U.K. in terms of being the best in the world." Subsequent papers in a planned series of eight will deal with specific sectors of the se curities markets.

A paper was released Wednesday on trust companies. Prof. Shaw said he and his University of Western Ontario partner talked to senior man agement of trust and not fund managers and found that the corporate policy makers were not interested in stock exchange membership or negotiated commissions. In the review- of securities markets, the researchers' found that the financial institutions- such as trust and insurance companies and mutual funds- were becoming increasingly important factors in the securities markets. This- follows similar trends in the United States and Britain.

Their research also showed that Canadian 'firms have less equity financing than U.S. or U.K. firms. Prof. Shaw said one barrier to greater equity financing in Can ada seems to be a fear of dilution of equity by existing share- noiders.

Time's net income down (By The CP) Time Canada Ltd. of Montreal, a wholly- owned subsidiary of Time New York, reports net income during 1971 of $837,856 compared witn $864,084 1970. The com pany states its financial position in Canadian funds. The company's financial statements were filed with the department of corporate and consumer affairs as required by new legislation governing dis closure of financial results of federally chartered companies with assets of more than $5 million or sales in. excess of $10 million.

Revenue from subscriptions amounted to $3,474,174, up from $2,935,698 a year earlier, while news-sta-nd sales totalled $877,751 compared with $873,090 in 1970. I Advertising revenue dropped to $6,391,180 from $6,830,693 in 1970. Total assets at the end of the year were $7,517,628, up from $6,382,527 at the end of 1970. Well help you get It's simple. You put some money (like last year's tax refund) away fortheifuture and the government will give you another tax saving.

We have a number of plans. One of them is just right for you. Come in and let's talk about it. Registered Retirement Savings Plans. Bell Canada Appointment nrtnun aalmmilimxmmmtd CLAUD! ST-ONOS.

Mr. Leonce Montambault, Bell Canada's Eastern Area Vice-President announces the appointment of Claude St-Onge as General Commercial Manager Eastern Area. Mr. St-Onge was formerly Assistant to the Vice-President (Government Relations) Central Area, in Ottawa, and is now located in Quebec City. A graduate in Civil Engineering from McGill University in Montreal, Mr.

St-Onge joined the Company in 1957, in the capacity of Engineer. He held various positions in the Plant, Personnel and Public Relations Departments. He is a member of the Quebec Corporation of Engineers, and in Ottawa, was a director of the Montfort Hospital, the -University Club and the Ottawa Regional Hospital Planning Council, eee Canada basin. million for union gas search CHATHAM (CP) Union Gas Co. of Canada Ltd.

an nounced Wednesday a five-year natural gas exploration program in Western Canada. The company participated in the drilling of three exploratory wells in Alberta during the past winter and exploration activity to date has been restricted to the souhern half of the Western another. Royal Trust S) 76 Metcalfe Ottawa, Ontario 237-4410 Turner borrowing request 'far-fetched' TORONTO (CP) Provincial, locally Treasurer Darcy McKeough said Wednesday-federal Finance Minister John Turner's request for Ontario to stop or restrain borrowing outside the country is "just a little far-fetched," Mr, Turner "to some extent has got to be kidding," Mr. McKeough said at a news The provincial treasurer said there is not enough money in the domestic market for all the corporate, municipal and pro vincial borrowing necessary, and a recent report by federal Revenue Minister. Herb Gray made this clear.

The real problem, said Mr. McKeough, is that the province's capital-raising problems are linked to the sharing of tax revenues a connection which Mr. Turner refuses to make. The imbalance of tax sharing had placed Ontario in a deficit position and necessitated bor rowing outside the country. This year the province and Ontario Hydro plan to borrow $800 million.

So far the province has borrowed $100 million and Hvdro has borrowed $100 million in the United States and $30 million in West Ger many. Mr. McKeough said he doubts the rest of the money needed can be borrowed in Canada without disturbing the market After the meeting among Mr. Turner, Mr. McKeough, Charles MacNaughton, chairman of the province's health board, provin cial Health Minister Richard Potter and Robert Welch, pro-! vincial secretary for social de velopment, the federal finance minister said be had received little satisfaction.

Mr. Turner said Ontario accounted for one-quarter of the $600 million borrowed abroad by provinces since April and this total, along with $700 million borrowed privately by Canadians, is contributing to upward, unstable pressure on the Canadian dollar. A RECORD lives in 1971, a peacetime record. CONSTABLES WANTED The Point Gatineau Police Department will receive applications for new candidates. To become policeman you must: Be at least 18 years and six months old and less than 30 years old.

Speak, read, and write French and have a general" knowledge of the English language. Hold a certificate of 11 years studies successfully completed, or the equivalent, recognized by the Department of Education of Quebec Be at, least 5 feet 8 Inches in height, not more than 6 feet 4 inches, and be in good health. For mora Information contact Mr. L. Prevost, Chief of Police, or apply at 5, Boulevard du Progrts, between 8.30 eun.

and 3.00 p.m. Required Immediately FULL-TIME GUITAR TEACHER i TO TEACH YAMAHA GUITAR COURSE Teaching experience not neeeMar. Yamaha will train candldatee to teach the most dynamic ond complete aultar course available today. QUALIFICATIONS: Mutt be over 20 years of age, with oeHre to be successful in a career that can offer a bright future with opportun. tle for advancement.

Must have oblllty to organize and carry out responsible duties. Must have the ambition to progress with a well organized training program and to be trained to teach the course at various levels. KEN PARISIEN PIANOS LTD. 1099 St. Laurent Blvd.

APPLY INMSOM APPOINTMENT COLLEGE ALGONQUIN LE DEPARTMENT DES ARTS ET SCIENCES recherche un PROFESSEUR DE PSYGiOLOGIE A TEMPS PARTIEl 0U A TEMPS FLEIN Fonctions: le candlclet cholsl devre entelgner cerlelnt court tflntroduction le psychologle, en frencett. Exigences: la csnotdat devre potteder de I'experlence dene Tenselgne-ment etou dent let dynemiouet de group etou let releliont humalnee etou la psychologle ciinloue. Le bitinguitme (frencalenglels) eera contidere comma un avantage. Echelle de traltement: Meltre VM0 a i 14340 Date cr entree en fonct'ron: teptembr Veulllez falra parvenir votre demande, par ecrif, au: Servlca da personnel 1385, evtniM Woodroff Ottawa, Ontario. K2G 1V8 I plot tord le eout Itn CONCOURS No.

Se-71. 0 DIRECTOR NURSING SERVICES SALARY: $9,794 to $12,400 SOLICITOR GENERAL CANADIAN PENITENTIARY SERVICE KINGSTON, ONTARIO. STENOCORD ANNOUNCEMENT JOHN WHALEN Stenocord Company Limited announces the appointment of Mr. John Whaten as Branch Manager lor their recently opened Ottawa Mr. Whalen has been tran-ferred from the Stenocord Montreal office where he had a distinguished sales record.

His appointment is effective immediately." MELBOURNE, Australia 'API As a protest against French nuclear tests in the Pacific, some school children threatened to stop studying French. Corporation I ''bonds TORONTO (CP) Selected bona Quotes at at Julv 1 ee nrnvfcfe the Investment Deolem' Aieoclotton of Conorta by Rlchordeon Securltln ol Conodo: Art CORPORATIONS AbltIM 1 Apr 1O4.00 104.00 AH Oo A 15 Dec W0 1OJ.00 107.00 Algomo Stl Mi SI Mer-ei oo Ml .00 Alcan fH Jen lew 109.00 107.00 Bell 1 May it7 101.00 103.00 Bell Con Aug WW 107.50 109.30 B.C. Sugar tt Sep le7 1(M SO 104,50 Tel Pi 1 Mar lWi ee ooimnn C.P.R. Peb lf loi.oo 104.00 C.P.S.t- I Oct WO 104.00 104.00 ComkKO tVi 14 Apr 11 te.00 101.00 com Oae VA I "Feb Wt T7 O0 outr am eep s-evs-w ioi.sd 103.50 oil I nc IW 101.00 10s 00 Baton Ac II Jul-M 101.00 I09.00 Falcenara 74e 14 Feb41 n.M SO Dofoeco I Nb lltl 101.00 106.00 Hud Bay AC evt 1 Mor- 109.00 107.00 Hud Boy Jun-91 104.00 10440 imp CHI Vt Aug -1M0 103.00 109.00 InofAcc ew 1J Oct 1 105 00 107.00 Int Nickel rk 1 Oct 1M0- 109,00 107.00 Leber) el 1 Sep 10 104.00 104 00 AAacMllln IVi Ma-fl WOO 101.00 Noronda 9W IS Oct 190 104.90 104.50 Nor Cent Mi 15 Jan 4Vt 106.00 100.00 Royal Bo1 7 15 Apr 1991 94 50 90.90 Nor Elect Vk Apr 1990 109.00 107.00 SlmpKxw Wi 15 Dec 19f 104.00 104.00 Trodert 9 15 Feb 1991 99.50 100 90 Trodert 9V4 Jun 1991 1O5.00 107.00 Tr Con 9 20 Mor 1991 101.00 104.00 Tr Con PL tie 3 Jul 193 100.00 101.00 Wltat x-wt 14 AV3V-91 HJO 99.50 CONVIRTIBLIt Ackkmdf 7Vi 15 Jun 19N 95 00 97.00 Alia Get IVl I Feb 1990 141.50 144.90 Con Gee 5V 1 Feb 199 93.00 9500 Dynoeiy ox-itk 1 1 Apr-es ivi.00 109.00 Scurry Rain Tie 1 May-e (1.00 tl.oo Slmoeont irt 4V4 Od-tt 110.00 V14.00 Tr Can Pip 1 D-9 10 00 110.00 Wttctt.Trn 7Vj Joivfl 125.00 127.00 Journal Want Ads bring quick results. vyr-y 32; IMS 9 I III7! T- I Simpsons I bears Opportunities KAIADAR INSTALLERS Experienced aluminum siding and door installers: Top rates paid.

CAll R. MILES 731-8339 Ext. 47 OR 2477 KALADAR AVE. Registered Representatives Do you want to make more money? are xpandlng our RetaJI Sato Fore, hi OOm fid an tootelno lor registered rtaptsianUiUiwas trho the following dMcription: Ambillons reaching beyond current performance but limited in present surrounrjings, Some selling experience. Good record ot accomplishment at current stage ot devetopmenL Possess the necessary qualities ol energy, setr-rnoftvation and aggressivenesa.

Here is what Bum Bros, and Denton Limited can oner you: One of the largest and most successful Research organt. zations in the Industry to help improve the service you are providkig your present clients and to assist you In prospecting tor new clients. The complete range of facirHes of one of Canada's largest fully-Integrated firms (new undefwritings, bonds, ahort-term money market PorMollo-management services, real estate division, mergers and acquisitions). This diversity of activity means greater and more stable Income, and It provides the professional help required to maximize your long-term development In order to meet the challenge of changing conditions in our industry. A high basic salary level relative to other firms.

Association with Imaginative and successful people who are planning now for future growth. If you would like to participate In the continued growth ot our firm, please write or can us. AH replies will, ot course, be kept in strictest confidence. Contact: Mr. W.O.Tucker Burnt Broa.

and Danton Limited 100 Sparks 8L Ottawa, OnL KIP SB7 Tel: 236-0167 Bums Bros, and Dentonlimited This competition It open to both men and women. The Canadian Penitentiary Servlca requires a Director of Nursing for Its Psychiatric Unit in me Regional Psychiatric Centra at Kingston, Ontario. POSITION) The Director of Nursing It responsible for the direction, administration and evaluation of the Nursing Servlca and for the In-service educational program. The Director will develop nurtlng service alma and oblectlvea: establish orientation and In-service programs, melntalne a training program for Hospital Officers, assist In the preparation of budget, participate In recruitment ond selection of nursing service personnel for the unit ond establish nurtlng procedures, work performance requirements and assessments. This position It responsible for establishing close Helton with Schools of Nursing and Unlvortltlet.

QUALIFICATIONS! A Boccalauraate Degree kt Nurttng and''eHorblllty for registration at a Nurse In a Provmca of Canada. The successful cendldate will have had supervisory or administrative experience In a similar environment, and neve a profetional Interest kt the work of Psychiatric Nursing Services. Knowledge of the English language It essential. Forward Application for Employment, Form PSC 3t7-4)t, available at Post Offices. Canada Manpower Centres, Public Servlca Commleslont of Conade Offices.

(A resume may be Included at pert of Jhe application) to: OTTAWA REGIONAL OfFICE PUBLIC SERVICE COMMISSION Of CANADA OTTAWA, ONTARIO. K1A 0M7 Before JULY. 21, 1972. Praf trance will ba given to Canadian Citizens. Ouotf Competition Number 71-e-m.