B2 Heol NEWS, November 16, 1980 By KITTY McKINSEY OTTAWA (CP) — The federal. government should give income tax breaks to poor persons to help them keep up with inflation, now running at an annual rate of 10.9 per cent, opposition MPs said Friday. , After Statistics Canada reported that consumer prices roso 0.9 per cent in October, John Crosbie, Pro- gressive Conservative Fi- By ‘GAIL LEM THE CANADIAN PRESS: A general feeling that short-term interest rates are nearing a peak and some * good news about oil offshore Newfoundland coaxed Cana- dian stock .markets into a broad advance this week, The equity markets were. also influenced by a strong performance in New York, where the Dow Jones industrial average finished the week around its best levels in almost three years. But many analysts say selective buying is still the watch-word, Despite an already mas- sive retreat since the federal Liberal budget and national energy policy was introduced Oct. 28, they see further downside risk and are ad- vising caution. “Certainly the market looks strong. over the very’ near term," said John Fairlie, an analyst with Midland Doherty Ltd. in Toronto. “It may continue ‘strong for another few days but I think you have to appreciate that there is more risk on the downside than there is on the lie said much of the sell-off in the oils sector dur- ing the last three weeks was “emotional selling without too much regard for funda- mental values, and it may continue. * “A lot is coming frohr the U.S. where they don't quite | understand the Canadian scene,” ‘he said. The TSE index of $00 selected stocks finished the week with a gain of 48.2 points or 2.17 per cent to 96. Montreal's composite in: dex rose 8.56 points or 2.48 per cent on the week to 353.13, while the industrial index closed at 369.8, a gain Stocks inal Fina TORONTO (CP) — The Toronto stock market was up sharply in active trading at the close Friday. The TSE 300 index was up 22.62 to 2270.96. . Volume was 11.14 mil- lion compared , with 11.38 million Thursday. . Analysts said an an- - nouncement about the Hiber- nia oilfield off-shore New- foundland ‘stimulated buying in the oil-and gas sector. Among industrials, Pet- rofina Canada rose 4 7/8 to .$78 7/8, United Corp. 4 to $30, Falconbridge Nickel 2 to $105, C.LL, Inc. 1 7/8 to $33 1/8 and Aquitaine of Canada 13/4 to $40 3/4, US Services fell 1 to $9%, Color Your World '% to $5%, Imperial Oil A 1/8 to $34 1/8 and York Lambton 15 cents to $1.05. ~ Dome Mines rose 2 to $118, Onaping Resources 1 1/8 to $8 3/8 and Lake Shore Mines 7/8 to $35 7/8: Camp- bell Red Lake fell 1 1/8 to $68 7/8 and Pine Point Mines 1 to $45. Numac Oil and Gas rose 2 6/8.to $32 5/8, Francana Oil and Gas 2: to $21 and Chief- tain Development 1 7/8 to $22 5/8. CanDel Oil fell 12 to $30 and Bonanza Oil and Gas | 1/8 to $12 3/8. nance critic, said the gov- ernment has “stupendous” contempt for Canadians- on low or fixed incomes, Crosbie, finance minister in the short-lived Conserva- tive government last year, told the Commons the Lib- erals should introduce their version of the energy tax credit for low-income families contained in his defeated budget last. December. However, Energy Minis- of 9.48 points or 2.63 per cent. * At Vancouver, ‘ which lacks a composite index, prices advanced steadily throughout the week. RATES DECLINED Meanwhile, the floating Canadian bank rate slipped to 12.67 per cent on Thursday from 12,80, its first decline in four weeks. That move prompted the Mercantile Bank of Canada and the National Bank of Canada to cut their prime rates back to 18.75 per cent — in line with most other Canadain chartered banks — Stocks Close " VANCOUVER (CP) — Prices were up in heavy trading’ Friday on the Van- couver Stock Exchange which reported a volume. of 11.5 million shares. ~ Of the issues that traded, 851 posted gains, 194. were losers and 170 were un- changed, Arcadia Explorations Ltd. led all traders on a volume of 483,200 shares and closed up .21 at $1.15. Among other resource issues, New Cinch Uranium put on .40 to . $9.25 Pa, 423,782 shares, Champion Oil and Gas lost a Hicket ‘to $2.85 on’ 234,400 . shares and New Cinch war- rants gained .60 to $3.90 on + 224,200 shares. Medallion Ex- plorations gained .21 to $2.16 and Westward Energy added * a dime to $7.10. B.C. Resources Invest- ment Corp. lost a dime to $6.10 on 56,600 shares to pace industrial issues. Renn Indus- tries gained .10 to $3.60 on 11,800 shares, Proflex Ltd. was steady at .24 on 9,000 shares and Webb and Knapp Ltd. rose a nicket to $4.25 on, 5,400 shares. Grouse Moun- tain was steady at: .80 and Balco Industries added $% to $8%. Dor Val Mines Ltd. ted curb issues on a‘trade of 225,700 shares and gained .40 to $5.95. March Resources rose .45 to $4 on 115,675 shares, Carpenter Lake Re- sources lost .65 to $2.25 on gained .25 to $2.25 and Sahqua Minerals lost .08 to -68 on 80,400 shares. | HOMEGOODS FURNITURE | WAREHOUSE Tues. - Sat. 9:30 - 5:30 China Creek “Drive a Litte to Save a Lot" ter Mare Lalonde said’ the i Liberal budget saves families upto $1,000 year over what they would have had to pay under Crésbie's proposed en- ergy prices, Bob Rae, finance critic for the New Democratic Party, called for cost-of-living tax credits for low-income * workers whose wages have fallen behind'the cost of liv- ing for the last three years, But Pierre Bussieres, from 14 per gant . An announcement by Mobil Oil Canada Ltd. that the Hibernia B-08 appraisal questions ‘in Finance Min- cEachen, isaid inflation really ‘isn't go: high when ‘energy prices are) ex- cluded from the, consumer price index. OIL LEADS WAY Fuel oil costs ‘rose 24.5, per cent in 12 months ending in October, contributing to the rise to 10.9 Per centin the loss weaken i well offshore Newfoundland tating io flowed oi! at a rate of 4,080, . barrels a day stimulated’ some late-week buying in that sector, But Alex Squires, an an- alyst .with Pitfield Mackay Ross Ltd., said good news about the appraisal well was anticipated and largely dis- counted in. prices of ‘related stocks, Marketwwatchers are divided, however, on what the future Higds for Canadian oil and g: ocks, Squire thinks probably tablish shortly. -The subsequent climb back\up will be slow and without. the dramatic moves of the last two years, they'll whe predicted. But Red’Ogden, a broker with Canarim Investment Corp. of Vancouver, believes the oils have already seen their post-budget lows. . “Many are on their way up again and I look for them to regain at least two-thirds of their losses,” he said. Fairlie of Midland Do- herty said investors should probably reduce their expos- ure in ‘the oil and gas sector. For medium-to long- term appreciation, he likes the paper and forest products group. and‘ companies’ with precious’ metals ‘exposure, such as Texasgulf and Com- inco. 3 Statistics . Canada’ re- ported Thursday that the consumer price index rose 0,9 per cent in October, bringing the Canadian inflation rate.on 10.9 per cent on the year. And with inflation an ever-present fact of econo! life, Fairlie said “people will still continue to, put a certain part of their ‘portfolios in precious metals.” “He: also recommended’ some exposure to the finan- cial institutions. Bank stocks are still re- latively cheap and they are not really affected by swings . in interest rates because they pass them on, he said. Peter Mitchell,.an analyst with’ Greenshields Ltd. of Toronto, said some — by 91,900 shares and Palliser. . jy x gained .15 to $3.75 on 88,200 ‘ ka ee a shares. Villeneuve Resources lows © were traded. de Volume at Vancouver was 50.84 million shares and value .was $151.58 million, compared with 64.7 million shares valued at $166.61 million the week before. At Montreal, 5.26 millio shares worth $82.93 million were traded. Figures for trading activity the previous week were not available. 3 receive certificates. from FBDB Presentation of certifi- cates to three persons who have attended three or more management seminars spon- sored by the Federal Busi- ness;.Development Bank highlighted a break in a retail management. seminar. here Friday. | Ken Reeves of This Ice House, Creston, Dieter Doh- men of Elektr Dohmen En- terprises, Gray Creek, and Terry Campeau of Hall Print- ing, Trail, received certifi- cates from .FBDB manage- ment services officer Fred Uwazny. .” ‘The small business man- agement seminar for retail- © ers interested in shrinkage, buying, layout, pricing and other allied subjects was - from Trail, Nelson, Castle- gar, Gray Creek, Rossland and Creston. * Assisting Uwazny at the seminar held at the Fireside Restaurant were FBDB credit: officer Paul Williams and management services assistant Sharon Conventry. inlay FANTASTIC JEWELLERY SALE Coming Soon Tremendous $8 Savings *5§ WATCii THIS PAPER FOR MORE DETAILS moat commoniy- used indica- tor .of inflation, Statistics ‘cent this year, Clark said the: consumer: price index’ will op, drastically, : vi ‘the two remaining mont] ment calculates will push all said people tan'no loi pect: sthe governments, and gas prices to consumers’: up a further 21.9. ‘Per cent next year. Consumer Affairs ‘Min- ister Andre Ouellet‘accused a Conservative: MP of “‘exa; gerating when he quoted’ » Statisties..Canada — figures howing-¢! level ‘last reached ‘in 1975 when wage and price controls introdjiced. : prediction‘of 10.2 per cent.’ POURS PREDICTION Pointing out that Mac- Eachoii;-| ‘Predicted less than three weeks ago that infla- tion, would be only 9.7 per by THE CANADIAN PRESS Corporate dividends Fri- day, quarterly unless other- wise noted. Calgary Power , Ltd., Class A, 24 cents; Class B, stock dividend equivalent to 24 cents payable in form of Class B shares; four per cent pid., $1; 4% per cent pfd., 1, te five per cent pfd. the increase in'the +price index in) Octobs “cos siti ‘ August which‘ took#ti work through ‘to’ ebay Rents,’ : hous! ; 2 “higher aif fares and! now.10.4 per cent a year ago, ber,‘ the agency: added. is The index shox = iy the same ™-basket er which cost $100 int costs $217.80. Thi ing power of the dollar, worth $1 ing 46 cents in Octol * Cominco Dec. 19, record Control Data’ ~ Global Marine Ine., fis cents, Feb,. 15, record. di 5. Grafton. Common and Class cents; Series A pfd., 75 cents; all payable Dec. 15, record Dee. 1. - : Kaiser Resources Ltd., 25 cents, Dec. oh record Dec. 5. 10 Servic Dessert Catering Birthday Party Ideas & Services JUOUn i 2 :Call Mon. to Fri. — 9 a.m. to § p.m. , w5 mFoRmarion pick) NORRIS ling: .C. VIL SS9 son, me rai Collect. ly; phone 362-3621 vcallectemeninge 8 one 629 Tox gs & Nal e RRSP’ Term In ends ud! 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Syob: -qmusenthyquéigye or need any of these Te Talents — =, Give usaCa Mi “HONE CALL DOES IT ALL” ‘iPlione 365-7479 employment information service lerateolons to FOR op OF NOVEMBER ONLY _ DISCONTINUED: 2a gus 2d Si _VANITY TOPS AND CABINET ETS “Your Pipeline ” To Better Savings‘* 1 By SADIE HAMM } "The South Slocan Hos. pital Auxiliary’s annual fash- jon ‘show once again was an outstanding financial and 0- a vened by proved to bea opt and many toys are ¢ way to fill Christr » clal buccess, according to or- ganizers. "Ina Halloween and hér- rath : vest home sotting.at No, 8, Fanta wan the jack-o-lantern fashions from Dee's Ladies” Wear were professionally displayed by seven: local Kris Roberts, Trish Bielby, Ida Kosfancic, Janet - Mowatt, Venne . Plotnikoff, Cathy Kosiancic and Diana , Ridge, assisted by Evelyn - Ramsey’ of Nelson,’ Hair. styles by Feora Aben of Future Hair Design, South Slocan, were varied, trendy and beautiful, Commentator June Dol- man, proprietor of Dee's Ladies’ Wear, took the audi- ence through the fashion world; answering every need to complete any woman's wardrobe. Showings of sleep- reco! Shirley Price’: Allen's 's Art Bh ‘Faye Titley ining gift: icate, my Kelsey — flower vase, Allen's i Art Shop. a President Nonle pei presented’ June’'and' ‘Feora! with a basket; of “goodies” in; 2317. 6th Ave., Castlegar 363-7703 wear to street wear; clothes’ for the student and office’ worker; homemaker; were ardatl , appreciated by the house”. stripers, Clodagh' O'Connell, Joanne Hendrix and Annie Kammerzell, modelled their. * newly-acquired caps and aprons. BOSTON: (AP) — U.S. studies have SS : surprising insights into the causes of heart > In Boston, a study of doctors ‘who run ‘in’ mara- thons provides new evidence that moderate drinking may help prevent heart disease, ‘although researchers are re-- luctant to reccomend use,of alcohol. In Washington, a gov- ernment-sponsored study has ‘provided the best evidence to Gate that a certain form of the hostess: Pat appreciafion ' ‘of their work, Foll ig the re-intro-: é od so 8 During a_ brief ‘intér+' * mission, three local. candy by the) eealtaed | auxiliary fot? >¢he': Nelson! hospital. High HDL-C levels m= | Help protect h i } habit off * moderate aEOROP fomeune H and Westylogot about 10,000 raons in Canal and the US., indicates that higher levels of this form pf choles- terol mean decreased risks of heart problems. BENEFITS IGNORED | Dr. Robert Levy, direc. tor of the National Heart, “Lung. and Blood "Institute, ae thé benekits Orth wealth experts said, The Boston study, pub- “taned in the New England ‘Journal of Medicine, cited earlier studies showed people who exercise vigorously have higher than usual blood levels ‘of high density ‘lipoprotein cholesterol, or HDL-C, fats that help protect against heart i z a Researchers found that among the marathon run- ners, those who drank alcohol had higher levels of HDL-C. DRINKERS BETTER The researchers con- “ducted ‘blood tests on 90. physicians who ran in the Boston Marathon last They found that L-G levels - were lowest’ among non-drinkers. They —were higher among those who drank up to six ounces: of aleohol a week. And they were. highest for those who ‘consumed between six and 18 Joutices a week: “These data indicate a positive association between ~ alcohol consumption and HDL-C levels that cannot be - explained by ‘the effgcti vigorous physical exe the researchers wrote. “Although these findings . “may explain. why. rates of myocardial infarction (lieart © attack) are lower in moderate drinkers than in non-drink- ers, they clearly do not “provide a sufficient basis for CALGARY (CP) - parking, a top California dise “Hockey and a laser light show ‘that.can simultaneously cre- ‘ate up to 50 different wild ‘and wonderful effects. - ;° That's’ what Calgary's beautiful people have to look forward to when the Cha Cha Palace opens -Dec. 1. -_- It’s the brainchild of three Calgarians who say.they love to dance and couldn't find a ‘auitable environment in.the- catty. : 5 *John Campbell, who re- ‘ently .abandoned plans to study medicine, and'Corinne . ‘Smith, a former commercial - _artist, were tired of “the =same old thing in Calgary . discos — cedar and tiffany neing on floors "ot cholesterol-in the body were overshadowed for years by concerns about total chol- ‘esterol, a long-known factor in ‘increasing the risks of heart disease. TRISH’ BIELBY ’ ste - Quality ps out confidently. into ‘the business. world clad ina beautifully tailored purple tweed sults! shelter | aim of HUDAC ae earned Uhr: Canada (HUDAC) B.C, Coun- cil. is an* organization of (builders, trade. contractors, lenders, developers. and. sup- pliers with members through- - out the province. “Now we realize the im- portance ‘of looking at the different kinds of cholesterol and other blood fats, and determining what. they mean,” he said at a news conference. - Cholesterol is a fatty substance that is made na- turally in the body as well as being added by. diet. High levels of cholesterol are ear. . strongly associated with in- creased heart and blood ves- sel diseases. i Robson ladies hold. innual Chrysanthemums and dainty goodies decorated the tables at & recent Fall Tea of . the Robson Evening Group ‘the Robson Recrea- The many talents of the members were displayed in’ the form of handicrafts 4nd a well-laden bake table. Greet- ing guésts at the door was Mrs. Beth Rogers. : Winner of the door prize, trioplans highbrow. disco size of postage stamps and having - to order a steak sandwich in order to buy a SPARKED IDEA _ “att was New York City - that really sparked the idea,” Campbell said. “When Studio ~B4 opened, I-had one of the most incredible evenings of my life. The energy was incredible ... . it's just what ‘a boomtown like Calgary needs, Meanwhile, Valana Ashlie was eyeing an‘ empty” bank building from the'restaurant she had owned acrogs the street. she was .“exposed to some wonderful music that moved me from being a wallflower to getting out there and ig. myself.” awp Local chapters meet re- gularly ‘to gain a greater - understanding of the housing industry, and the economic | factors that influence the growth and potential.of the industry. HUDAG is dedi- cated to the provision of quality shelter for all Cana- dians, and believes the pre- servation of Canada’s eco- nomic, system, based on pri- vate enterprise, will enable Canadians to remain among the best housed people in the world. fall tea which was a crocheted ciish- fon made ,by Mrs. Blondine Perras; Oborne, A cake made by Mrs. Roberta Turek was raffled off and the winner was Sandra ‘Churches.’ The baby afghan, made by Mrs. Irene Godberson's. daughter, was won by Mrs. Bev Mason. -Members would like to thank.everyone who helped to ‘make their fall tea a success. “I found I could get high by dancin; . Ashlie returned to Calgary with plans to turn the city on to dance. When. she. met Campbell and Smith, who had‘ leased the building. in . May, ideas clicked and the three joined forces. In order to obtain a liquor” licentce, the trio decided their dance palace should be a private club — “sophisticated ,and_ avant-garde.” ‘FORMAT ADDS TOUCH ~* Unlike bars, which Camp bell says are guaranteed to make money but do little for . their customers,.:the club While travelling last year,’ format: will add 4 personal touch; they" ve sendy sold about 100 membership fees costing. $100.each, There'll also be an if was’ Mrs. Ethel . chargé of “not. governments to discuss aréus, of mutual: concern: interest rates; income tax indexing “removal; reinstatement of capital cost allowance; metri; building code stan- dards; and energy conserva: | tion, In the area of energy: savings, HUDAC joined for- ces with the ministry ‘of energy, mines and petroleum resources to sponsor an ener- gy conservation demonstra-° tion project. More infornia- tion on this project will be forthcoming shortly. Also in the area of energy conservation, HU- DAC‘has done a substantial amount of research into im- proving construction stan- “dards and heating systems, and is constantly stressing to its builders that if they refuse to,change their ways, and don't make energy con- servation a reality in their housing projects, they will soon be building obsolete homes. * HUDAC sponsored the New Home Warranty Pro- gram of B.C. and the Yukon, which is an industry operated warranty plan providing con- sumer protection for . new home buyers. HUDAC is working hand-in-hand with both the goverhment and consumers : to assist each group with their problems in every way more than $5" at the door. + Although, there will be no dress .code, the three, are confident they'll. have no trouble keeping the beautiful . people looking. beautiful. very diplomatic doorman ina tuxedo who'll set the tone of the club,” Campbell said. “People wearing ski jackets’ will probably feel uncomfort- able.” Ashlicé, Campbell and VENIE PLOTNIKOOF choses’ this thre piece outfit fo DIANA RIDGE is all'set for the upcoming | party season: : see her throygha busy, day. at the offic C ‘International Order of Jol Daughters, have presented unique situations for Hon- ored Queen Diane and her officers. At a meeting held Sept. 24 in the (Masonic Hall, a special election. was held ‘to fill. the position. of Guide, from’ which Amanda Plant had resigned. Scrutineers were Mrs, M. Foubister, Mrs. L. McGuire and B. Foubister. Elected to the position of Guide was Kim Redisky and to the position of Marshall, Tracey Anderson. H.Q. Di- ane then appointed Leanne -Sylvest to serve as Chaplain and Rowena Junker as Li- brarian. : Installation of these of- ficers was conducted by, the installing team. P.H.Q. 'No. 60 Janet Foubister served as Installing “Honored Queen; P.H.Q.' No. 60 Kim Smith as Guide ‘and P.H.Q. No. 60 Yvonne McGuire as Chaplain. On Oct. 8 in the Masonic Hall, ‘an official visit was made to. the bethel by Mrs. ‘Of course we'll havea. @ Smith say the Cha: Cha-. Palace will avoid the short lifespan of other clubs by shunning .easily-replaced trends. . ~ “The urban cowboy trend | that’s now popular in other cities won't catch on in Calgary,” Campbell said. “It's Just, something with which we've lived 2 JOB'S DAUGHTERS Bethel No. 60, back row; associate CASTLEGAR NEWS, November 16, 1980 in harvest home settin in her soft chiffon with cover up jacket. Job's Daughters Donate to Hobbit Hill. M:. Greénhorn, ‘Grand’ juar- dian-of the Grand Guardian Council of B.C. Mr. and Mrs. Greenhorn were hosted to a potluck ‘supper, following which Mrs. Greenhorn’ met with the executive council of the Quardian Council ‘and in- spected the bethel books. During the meeting, the. Ceremony of Obligation was presented by the. members, and Leanne Sylvest was in: stalled into the position of Chaplain. mrs... Greenhorn was’ presented with a money. gorsage, the donation to be applied to her special fund for the purchase of a wheelchair for: the. children’s hopsital. ‘Mrs. Greenhorn ‘congratu- lated the girls on the per- formance of their ritualistic work. : : During the regular meeting held “Oct. 22, -the Ceremony of Init ion wel- comed Shannon Duanaway as anew member. , :Bethel No. 60 ‘Jobies, Kim Redisky, Tracey Ander- son and Julie Partridge, ac- companied by Guardian Mrs. M. Henne, attended asjoint — meeting of the bethels from ” guardian Mr. J. Parkins, guardian Mrs. M. Henne, senior princess Celina Sookachoff, honored queen Diane Vader, past honored queen Janet Foubister, junlor princess Janna Sylvest, chaplain Leanne Sylvest iP by the Kimberley ‘Bethel. Kim Redisky. received the ‘honor of being elected presi- dent of the Daughter's Ac- tivity Committee for the area. Bethel No. 60: ‘will host the next joint meeting iln this + area, z In the early hours ‘at Oct. 25, the girls were kidnapped from their beds and whisked away to breakfast in the homes of Guardian Mra, M. “Henne and Honored Queen Diane Vader. Dress’for the occasion was very: informalo and grooming even less so. Following the breakfast, the girls toured the city, start- ling ‘early risers when they saluted the stop lights in their. night attire. © . The bethel h: en in- volved in several money- earning projects.Some mem- bers took part in the recent Skatathon sponsored by the Kiwanis Club and they are in the process of delivering free samples of Oil of Olay to the households in the city.” cid held lat, ‘Wednesda in Masonic ‘Hall, with., Bethel No, 60 hosting the bethels from Trail and Nelson. Work parties were held to produce bazaar articles which ‘were sold at the tea last Saturday in the Legion Hall. Honored Queen Diane will hold her Church Parade onNov. 23 -in» St. David's Anglican Church. Recently, several of the members paid a visit to the Hobbit Hill Day Care Centre, ‘to observe the work being done with the special needs children. At this time,. a cheque was presented to Mrs. N. Collier to‘assist in this work, the money having been earned from the Rock-a- thon held in the spring. Job's Daughters is an organization open to girls. from ages 11 to 20. Local meetings are held the second; and fourth Wednesdays of each month in the Masonic Hall at 7 p.m. Inquiries for membership may be made to any Job's Daughter c or Mrs. M. Henne. Batchelor. Front row, left to sights ‘Cathy Ward, Julia Partridge, Patti McKinnon, Trace) Marshall F Anderson, guide Kim Redisky, Julie Higgins, Sherri Hill and Shannen Hill., + —Phete by 0. treet. \