The Wingham Advance-Times, 1974-08-01, Page 14Bill Smiley
know when I have a good thing
Last week, faithful readers, if
there are any left, followed the
• les thrallir , if not appalling, ac-
e0U t of Thy meteoric career in
the financial world.
Ihadsuggested that I felt I was
being caught in the middle of a
great financial squeeze when
someone offered to buy me Peel -
Elder stock at $13 a share. I
smelled something peculiar and
promised I'd try to get to the bot-
tom of it.
I haven't, but I hate to part with
those twenty-five shares of Peel -
Elder. I've had them as long as
I've had my wife.
They are all that's left of my
second and final savage attack on
the stock market. My first was
rather deflating, as I mentioned
last week.
But the second time around, I
didn't take any chances. It was
only when a trusted stockbroker
told me Eldridge Mines was
going to be the hottest thing on
the market, that I carefully
bought 1,000shares. They cost me
$330. The broker was a former
prisoner -of -war., so could be
trusted implicitly.
The stock held firm, went up
about five cents a share in a
week, and this time there ac-
tually was a producing gold mine.
I reckoned I was in Biscuit City,.
as we say in these parts.
What nobody told me was that
there was more money in gravel
than there was in gold, in those
days, and for many years to
come. I should have bought a 1
gravel pit.
I have previously related how of
that 1,000 shares of Eldridge has
shrunk to 25 shares of Peel -Elder,
so I won't: bore you. But I did
learn one of the inevitable, or so it
seems to Me, laws of stocks.
Every time a company gets El
bigger, I have fewer stocks- El
ridge expanded, became known
as Elder, with a lot of new ca
and great prospects in the offing
I was told that for my 1,000 shares
of that cheap little old Eldridge,
would get 120 shares of thi
tremendous new Elder.
There was no money in gol
mining, apparently, so Elder
came Peel -Elder and got heavil
into real estate. Assets increased
profits rose, and. Smiley wound
up with something like 12
shares of Peel Elder.
There was one halcyon peri
when Peel -Elder went up to mor
than $20 a share. I was tempted t
sell. I could have come out onl
about. $100 in the hole, after
twenty years. Not bad, that. But
hung in there.
Then, about a year ago, Peel
Elder, with a flamboyant burst o
something or other, informed me
that, as a loyal shareholder,
could have two shares for ev
one I had.
I don't remember the details,
think you had to be a white Angli-
can with some teeth missing, a
bad back, and no more or less
than two children, neither of
them self-supporting. Something
like that. Anyway, I qualified.
That's how I wound up with 25
shares of Peel -Elder. And now
along comes an impressive bro-
chure from an outfit called
Hambro Canada Limited with an
offer to buy at $13 a share. In
February and March I could have
sod for about $14.
Hambro is a Canadiaq affiliate
Hambros Ltd., a London, Eng-
land, based international mer-
chant banker, with a good many
fingers in a good many pies.
Hambro Canada Ltd. already
owns almost 50 per cent of Peel -
der., but wants to b the rest
d-
pi
g
I
s
be-
y
1
od
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•
I
I
�'Y
I
I)
ros sro a\ds
;classifieds
Copy *for Crossroads Chest,
Hells mast be received by 6 p.m.,
• Wednesday of week prior to pub-
licatio>t:-
Wanted To Buy
WANTFTD: Anything used, es-
tates bought, or one piece. FOR
SALE: Furniture, gifts. HOUSE
OP GLASS, Antiques, Gifts.
Monkton 347.2944.
4-11-18-25
For Sal,;
FURNITURE TO SUIT MANY
BUDGETS; mattresses, various
sizes, $44.50, $59.50, $69.00, also
Sealy Posturpedic and Simmons
bedding. Schuett's sell a daven-
port with upholstered arms and
snatching swivel rocker in a
variety of fabrics and colors, two-
piece suite ONLY 5199.00.
S• chuett's sell home freezers,
floor coverings, etc. They deli-
ver. GODFREY E. SCHUETT
LTD. Mildmay and Mount For-
est. • 1-22
uy •
Coming Events
ANTIQUE SHOW
AND SALE
16th annual Stratford's West-
ern Ontario Antique Show and
Sale, Stratford Arena, Lakeside
Drive, Stratford, Ontario. 29 out-
standing : antique displays, all
items for sale. 11 a.m. to 10 p.m.
Saturday 11 a.m. to 6 p.m. Ad-
mission 51.00. Mon., Aug. 5 to
Sat., Aug. 10, 1974. Sponsored by
Stratford Kinsmen and Kinettes.
JOHNNY RODRIGUEZ
Rock Hill Park (east of Shel-
burne) presents, from Nashville,
Tennessee, Johnny Rodriguez
and the Music City Band, on Sun-
day, August 4 at 2:00 p.m. and
7:30 p.m. Also Joe Firth and the
Promised Land.. Adults $4.00,
children under 12 yifree.
Camping 03.50 per car. per night.
Hydro and water hook-ups. J.
Elwood Hill, RR 4, Shelburfie,
phone (519) 925-2211.
GARNET, GRETCH, FENDER,
HOHNER, OVATION instru-
ments and equipment, electric
pianos and organs. Adlam Music
Sales, Durham 369-2456.
QUALITY, SELECTION,
PRICE &ADVICE,
TN
USED Wisconsin motors; 127.In-
ternational Harvester self-pro-
pelled combine with pi k tp; used
awather; a few mini -biles; some
used outboard motors; one used
pressure washer; Bolens and
Toro machinery. Talk to STEVE
MEW at Power Lawn Mower
Centre, acrosS from Harriston
Drive -In, or phone 338-3616.
25-1
TRAILER LOAD
OUTSIDE SALE
SPECIAL PURCHASE
$149.00 for a
Davenport and matching
swivel rocker
SAVE $404;60. Regular
$189 & $199 set
Herculon - Nylon - Vinyl
Your Choice
Cash and Carry Only
ESQUIRE FURNITURE
Hwy #a
1 fedi. west,of Hanover
Miscellaneous
NEW FARM BUILDINGS. If you
need a new barn, drive shed, an
addition or just a new roof, call
us. Trust our experience of over
40 years. J. & H. Fleming Limit-
ed, Hanover; phone 364-1880.
E2
PROMPT DELIVERY from a
large stock on hand offered by
Schuett's of Mildmay and Mount
Forest. Schuett's sell Kroehler,.
Sklar and Braemore chesterfield
suites, beautiful bedroom suites,
maple and metal kitchen suites,
carpets and pianos. GODFREY
E. SCHUETT LTD., showrooms
in Mildmay and Mount Forest.
1-22
RECREATION
GLENDALE 'MOBILE HOMES
and Travel Trailers for sale; also
large fully serviced and land-
scaped mobile home lots for rent.
First sideroad west of Stratford
on Highway 8, / mile north.
Crystal Lake Mobile Homes,
Court Ltd., RR 5, Stratford.
Phone 393-6121. tf
Most of the directors and offi-
cers of Peel Elder are also direc-
tors or officers of Hambro
Canada Limited.
Ore you contused? Me too. It's
pretty obviously a takeover of an
established Canadian corpora-
tion by a British-based cor-
poration, with somebody prob-
ably about to make a pot of bul-
lion in the process.
And here's something else that
puzzles me. After thirty -odd
years of watching Peel -Elder
grow from a sickly little gold
mine into a husky corporation,
and watching my share of the
cake diminish from a small
wedge to a crumb, I suddenly get
two whacking great dividend
cheques from Peel -Elder. One for
$2.94, the other for $1.50.
Wouldn't you be wary when
you'd not received a dividend for
three decades and suddenly got
two in one mail?
YAMAHA
LARRY'S
CYCLE
WORLD
Walkerton , 881-0984
Across from the
Brewers' Retail Outlet
BARBER'S
Upholstery & Carpet
Sales & Installations
AUTHORIZED
-Harding
.Celanese �.
.Bigelow
Armstrong
°25; Main St., Mount Forest
Res. 323-1294
. Bus.. 323-1470
INSURANCE.
auto fire life
liability
-income tax prepared
-loans arranged
-representative•for
seven trust companies
Reasonable Rates
CALL NOW
Monkton anytime
347-2241
Brussels Tues. and Fri.
887-6663
Ronneaber
9
Insurance Agency •
INV
Hanover
Monuments
See Our Display At:
490 - 10th Ave., Hanover
Robert Foreman, Manager
364-2450
Floyd A. Allard
Res. 364.3704
"INFORMATION
WITHOUT OBLIGATION"
TRIAN c E TIRE
Distr.. ut • rs Ltd.
W ones Ie
and
Retail
PASSENGER FARM
TRUCK
On the farmservice
Phone 291 2521
LISTOWEL
The offer to buy me out, from
Hambro Canada Ltd.,
rather sternly that the offer will
expire July 23rd.
If I accept the offer, I will re.
ceive $325. The stock cost Me .$$
thirty years ago. And Trutu
would probably want a capital
gains tax if I sold.
Wei, there we are. I started out
in a quandary and I've ended In a
quagmire. I wish I'd put that 04 ---
gine! $330 into a couple of beach
lots which would now be worth
$20,000. I wish I'd gone into pig
farms.II -wish I could win a
sweeps
However, that's the wait goes
with us chaps who play the mar-
ket.
:: -ket. We accept the fact thatwe're
compulsive gamblers and ` tate
our losses with a stiff lower lip.
But I won't sell that stock. Let
them fight it out, the corp orate
bums.
•
4Core 000
-fin 145
•AI lis Ch�Olm,�,•r�si,,
por
CU FFO.. D
327.8045
•
10.303
1
oih.say.on.er,traies,
id.
REQUIRE IMMEDIATELY EXPERIENCED
PERSONNEL:
Millwrights, .Fabricators,
Malntenancee ilA�echani�s
Machinists #rldProcess.operatprs
-Present Rates are $4.17 hour for Operators and
$4.70 hour for Experienced Mechanical People.
- Company offers excellent fringe benefits
Contac# Personnel p
•
ROTHSAY CONCENTRATES CO, L,TD.-
R.R. 1, Moorefield •
Or Phone 1.631140$1
S
ervice 11)iret.
HELP WANTED
SECRETA ' Y
Duflaii
W*14 Pay ll, oat studio, anditeck control
,
Applicant must be able to type, WOW ilidgerS, NOW a
pisasant tNL.PhOne vokt, and work wiflvt* supervision,
Knowl a of computerized busine` .machines pre-
ferred: but not necessary.
Office Is located 1n Hanover.
er
Moir*: Monday to Thur iday
9;O0to 440 i1 hou►r lunch)
Salary opn,
All resumes should be In applicant, -s, o 'handwriting
and:forwar to;
CAR•LING WALLACE HOLDINGS*
162 Wallace Avenue North,
Listowel Ontario.
PRANTAC LI.MITED,
Box 447,
ingham, Ontario
CARLING WALLACE HOLDINGS,
Box 96,
If enover, Ontario,
Over 30,000 readers weekly
HURON DEAD STOCK
REMOVAL, CLINTON
Weare now paying $5-$15
for fresh dead or disabled
cows and . horses over 500
lbs: Two trucks to serve
you better. Fast efficient
service. All small farm
stock picked up free of
charge as a service to you.
License No. 237-C-7
Callus first, . you, won't
havelo .call] anyone else “W
2401four Seir%ce .'°' -
7 Days a Week
CALL COLLECT 482-9811
CROSSROADS
SERVICE
DIRECTORY
REACHES
30,000
READERS
Josephine St. WINGHAM
Ph. 357-3733
•
146.
OUR
Phone 356-2802
A.H. BOWMAN
MFG. LTD.
\METAL FABRICATING
ATWOOD •ONTARIO
Also
Metered Concrete
Mobile Service
Iiimmaihmiumminmssim
jrTiallat
TRAUB
tori -16 E LISTOWEL
R.R.r3
. StarZroft'
. Jpyco
. Prowler
. Glendale
Open 6 days, closed•Wed.
atisfaction
.ales
ervice
3 miles east of Listowel on
Hwy. 86 Ph. 291.1158
PLAN YOUR
MOTORING
FUTURE NOWT
Increase the resale
value of your car or
truck with
COMPLETE
PROTECTION
with
,WIrrtriftrr1
HOUGHTON
iaocsss
517 1 1 th Ave.,
Hanover
Call Les at 364-2832
"A MUST TO PREVENT
RUST"
IIP ELECTRIC
LET US UPDATE YOUR
PRESENT ELECTRICAL
SERVICE AND EQUIPMENT
Call Brussels 687.9469
WAYNE GRUBE
SOUND SELLING
FOR SATISFACTORY RETURNS
Serving the People of
GORRIE • FORDWICH
• KURTZVILLE
RON SHELLEY
Auctioneer
Iftit.2 PHONE
GORRIE 335.3679
HADCO
Well . OriIIh,
Oilgitd.
Rotary Drilled Wells
Machine Dug Shallow Wells
Sulphur•Free.Wells
Deepening & Repairing
Caissons-Earthboring
Elevator Shafts
A WELL A DAY THE HADCO WAY
•
Auger RentalEquipment
Por AnYlirn• 1� ,
ELMIRA 669-3761
ST.' MARYS 2841702
HARRISTON
PACKING CO.
ON HOLIDAYS
MEAT FOR YOUR FREEZER
-hogs by tide half -and whole
-beef by the side and quarter
CUSTOM KILLING TO
YOUR NEEDS
hogs - Tues.
beef - Thurs.
Phone for appointment
338-3330
Farm Dead Stock
Service
ATWOOD PET FOOD
SUPPLIES LTD.
At this time
we cannot pay for
dead farm stock
FREE PICK-UP
CALL 356-2257
Out of Town Call
ZENITH 70650
mei/
i1wsURANCS
All Types of
Insurance
3354525 357.2636
COMM WINGHAM.
LIVESTOCK
FOR SALE
Calves -Calves - Calves
Good Quality Holstein or Beef
Calves, 1 to 3 weeks old. Rea-
sonable Prices. We Deliver.
OSINGA EROS.
510 ILIL 1
)M41311_ Won'
W. U. 'BILL' MAY
STATE FARM
INSURANCE
Auto-
Life- Fire ,
1 1S ii. it •?
r
1 (4
357-3280
C`9
AI's collision
Service
Phone
.357-2206
UConc. 2, Morris Twp.
Repair and Refinishing
Enamel and Laquer
Rust Repair
Frame & Body Work
ON CARS & TRUCKS
If Repairable We Do It
COUNTRY FURNITURE
and
UPHOLSTERY
W ngham
•
1116 N kAinworth
*.••. `kOce4%
•a
.NEW CHESTERFIELD SUITES
0200.00 - $500.00
:upholstery service
.custorn stripping of wood
furniture
291-1563 291.1038
LISTOWEL
See the EXPERT on
Small Engine Equipment
Bolens
A GOOD YARD AHEAD
Tiro
STEVE MEW
Power Lawn
Mower Centre
across from Harriston
Drive-in-Theaire
Bus. 33$-3616
Res. 330.2717
Commodore
Canada
Wham you buy a
Lakehurst Ilpoblle► Nom.
you "get what you ask for"
Also
See Don for .011: leisure
time trailers
DON.McPHAIL MOTORS
1338-3422. HarriSton
Dave Farrisli
Plumbing a Heating
Air Conditioning
and Electric
Fully Licensed
Four mento serve you
Offices in
iI��S+� WEL AN4
rvp:Is`v91tM E goite
Phone
291-1382 357-2530
lerspA4tv.tetfi-M
Box 709, Durham
PHONE 369-3203
Located on No. 6 Highway
2 Mile South oo Varney
BUY USED MATERIALS
BATHROOM FIXTURES
DOORS - WINDOWS
LUMBER, ETC.
HOURS
Mon. to Fri., 8 a.m. to 6 pan
Sat., B a.m. to 12 Noon
HUNTER
MOVING
STORAGE
ALLIED
Local and Long Distance
Class D P.C.V. Licence
For delivery or shipping needs
CALL THE EXPERTS
HANOVER
Collect 364-1560
Don McPhail Motors
PROTECT YOUR INVESTMENT
Harriston 336.3422
GUNS, AMMO,
REPAIRS AND
ACCESSORIES
SPORTING GOODS
WINGHAM, Minnie St.
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