BUSINESS

Castlegar News May 8, 1988
Sunfest 88 © June 3-5-
Salute to Australia

en Sunfest Lottery bo odd on sale
icipat

Save 30%'on

our entire collection of

Royal Pierpont

All Bone China,
Lead Crystal and Flatware

‘Off suggested retail prices
Until May 31.

Carl’ s Drugs: sie Plaza

z.,|Crestbrook earnings drop

Crestbrook Forest Industries Ltd, has recorded net
earnings of $5.9 million during the first quarter of 1988, a
drop of $885,000 compared to the same period last year.

Sakae Hosaka, chairman of the board and chief
executive officer, and Stuart A. Lang, president and chief
operating officer, blamed the drop on wood products.

“The decline in overall profitability is directly
attributable to wood pruducts,” Hosaka and Lang said in a
prepared release. “The average selling price of lumber in
U.S. dollars for the first quarter of 1988 was approximately
equal to that of the first quarter of 1987. In spite of these
conditions, each of our three sawmills (Canal Flats, Cran.
brook and Elko), on a fully-consolidated basis, have gone
from a profitable position throughout 1987 to a loss position
for the first quarter of 1988.”

Crestbrook reported total sales of $60.8 million during
the first quarter of 1988, up five per cent from the first

GAS-FIRED PLANT

quarter of 1987, *

pulp

prices which were fooaecienn offset by the strengthening of

the Canadian dollar,”

said Hosaka and La:

“Pulp prices increased an additional $26 US per metric
ton effective April 1, 1988. However, the selling price of
lumber in U.S, dollars today ié below that of one year ago
due to record-high luinber production in Canada and the
United States,” said Hosaka and Lang, “All company
facilities operated at capacity during the period, with close
attention to all costs, including overhead. Production of
lumber was up four per cent and pulp pr emp ag was up
seven per cent over the first, quarter of 1987.

Hosaka and Lang said the new provi
system has cost the company approximately $1.2 million
more during the first quarter than the 15 per cent U.S.

export tax did last year.

quarter of 1988 were $4.8 million, compared to $3.6 million
during the first quarter of 1987,

“We will continue to strive for some recognition of
equity in this stumpage issue,” they said.

Hosaka and Lang also told shareholders, “The
strengthening of the Canadian dollar has resulted in a
decline in pre-tax earnings of $1.4-million for wood products
and $1.3-million for pulp.

Since most of Crestbrook’s revenue is received in U.S.
dollars, foreign have had a signifi
impact on the company’s earnings. A change of one cent in
the relationship of Canadian to U.S. dollars represents

Stumpage, forestry and export charges during the first

WKPL wants project

KELOWNA (CP) West
Kootenay Power and Light
has not abandoned plans for a
Kelowna plant even though
city council has said it will
not approve such an oper.
ation, a company spokesman
said.

At a closed meeting this
week council voted against
giving West. Kootenay per.
mission to build a $33-million
gas- and oil-fired turbine
generator plant, said Mayor
Jim Stuart.

But Stu McKay,

operations, said in a tele
phone interview he hopes to
have further discussions with
city officials.

West Kootenay officials
asked city officials last week
if there was anything they
could do to alleviate the city's
concerns and if there were
any other sites in the city
which would be more ap.
propriate, Stuart said.

West

Kootenay’s vice-president of

MAZ

OTTAWA (CP) — Housing
construction will drop by
about 18 per cent this year,
but the 200,000 units expec-
ted to be built will berthe
second-highest level of the
1980s, the federal housing
agency says.

OFFICE AID

Luella Andreashuk
Has Changed Location
For Income Tax or Accounting
PHONE 365-6658
24 HOUR CALL

(GENERAL PAINT
INTERIOR/EXTERIOR

SALE

GENERAL

Now to May 31

; Stains

_Only ... 4 ttre
Accent Base Tints $24.74 4 une
* Salid Color Oil or Latex
* Semi-Transporent Oil

: Esa —— Exterior

21”

sex $9998

ree to stock on hand.

STUCCO COAT

Reg. $32.49, Special

Soar 524°

SAVE 25%

'S’ “Your Home Fashion Contre”

PAINT & WALLCOVERINGS LTD.

613 Columbi

Ave., C |

366-6214 SPECIALS

“Council was clear: we did
not want it, that was the
message,” he ‘said.

Council is concerned about
the environmental impact, in
particular on the operation of
Kelowna Airport, Stuart said
that the operation of the
proposed plant could produce
condensation worsening
chronic weather inversions
during the winter months

Canada Mortgage and
Housing Corp. says slower
growth in the economy and in
jobs will cause the decline
compared with last year's
levels. However, favorable
mortgage rates and more
disposable income for consu-
mers will keep starts fairly
high.

CMHC expects Canadians
will have more money to
spend as the federal tax re
form package moves through
its first stage.

There were more. starts
during 1987 — 245,986 —
than at any time since 1976,
the agency says in its na-
tional housing outlook report
for 1988.

“Sales of existing units
reached a record high of
279,250 and prices jumped
sharply by an average of 17.5
per cent.”

British Columbia's “ex
tremely buoyant market” in
1987 is going to get even
better. Homes sales will con
tinue high and the rental
market remain tight.

Strong sales of higher pri.
ced homes have driven up the
average selling price of a
single family home in Van
couver by 23 per cent in the
last year, the Greater Van
couver Real Estate Board
said this week. The average
price rose to $178,700 from
$144,900.

CMHC expects housing
starts to fall by 20 per cent
this year in Ontario to 83,800

“After living among

you as a student...

I now understand
what it means...

to be an Canadian.”

which sometimes shut down
the airport.

The B.C: Utilities Commis-
sion was scheduled to start a
public hearing here April 26
on the company’s application
to build and operate a plant,
but it was postponed while
West Kootenay explored a
last-minute offer by B.C. Hy-
dro to supply peak power
equivalent to the plant's out-
put.

Housing starts to
drop this year

units but that is still “well
above the average of the last
10 years.”

Alberta's housing market
will continue to

and, although starts in Que-
bee are expected to drop
sharply, building there will
stay above the levels of the
last 10 years.

New housing construction
will be considerably weaker
in Manitoba ‘and Saskatche-
wan, down. .marginally . in
Parince Edward Island and
up slightly in Newfoundland.

Quebec’s housing starts
were at an all-time high last
year — 74,179 units — and
the province had the coun-
try's second-highest rate of
increase in resale prices at
15.6 per cent.

Sale prices of existing
houses in Ontario rose an
average 25.6 per cent — the
highest rate of increase in the
country last year — and vac-
ancy rates stood at record
lows.

The average resale house
price in Toronto was $212,822
in March, the Canadian Real
Estate Association says.

British Columbia's housing
starts grew by 39.9 per cent
last year and sales of existing
houses increased 21.8 per
cent.

Alberta's recovery from a
stump in the oil and gas
industry fuelled a 27.5-per-
cent increase in housing con
struction over 1986.

appr $1 million on an after-tax basis.

“Demand for both lumber and pulp is anticipated to
continue at current levels, however, continued strengthen
ing of the Canadian dollar will moderate any price
increases,”\added Hosaka and Lang.

Forest company
announces Larc
seed program

In an effort to secure more Western Larch seed,
Slocan Forest Products Ltd. recently announced the
undertaking of operational girdling trials on Tree Farm
Licence 3, situated southwest of the Village of Slocan.

Paul Dagg, silviculturalist for the company,
explained that Western Larch is an _ important
commercial tree species in the West Kootenay and likely
to increase in importance due to its excellent growth
characteristics.

“The production of larch seed is quite irregular,”
Dagg said in a prepared release, “and we felt it
appropriate that we take steps to ensure a more reliable
supply. Accordingly we contacted Rod Martin, owner and
operator of Rod Martin Tree Improvement of Nakusp to
initiate the trials.”

Dagg explained that by partially girdling the stem of
the tree it is placed under stress and produces an
increased cone crop. The girdling does not kill the tree
and in fgct the process can be repeated several times.
The girdting is done with a hand scribe at the base of the
crown, thus dictating that the trees be climbed.

“With the direct responsibility for reforestation now
being a company cost, it is very important that we
consider all means by which we can improve our
efficiency,” said Dagg. “A relatively secure and reliable
seed supply is one means by which we can achieve that
efficiency.

“Monitoring of girdling gffectiveness for cone crop
production will begin in the summer of 1989. If the
treatment is successful, and we are confident it will be,
there will be a perpetual supply of Western Larch seed
from this area.

“Forest nurseries will produce seedlings from this
supply and Slocan Forest Products will then plant them
on the appropriate sites within our operating area.”

Weekly Stocks

TORONTO (CP) — Share
prices in New York and

about whether inflation and
interest rates will rise.
McLeish, a vice-president

Performance
Mufflers

INSTALLED .

549°

FOR SAM'S A

AUTOMOTIVE

975 Columbia Ave.

dition. Two used 10- bikes,

USED” MERRY siller: good con-

good condition. 365-2961. 3/35

1082 Princess Crescent
Old Rasp!
FOR APPOINTMENTS CALL

365-2171
REDKEN”

Service
365-3666

ALUMINUM ideal for
inex

sheets

riers and any.

kind of miscellaneous construc
tion. These: used printing press
plates (.009x24'4 x36 inches) are
priced as follows: One to 12, 75
cents each.
each: .

Apply Castlegar
Columbia Ave., Castl

Toronto slipped Friday for
the third consecutive day as
investors continued to worry
about higher inflation and in
terest rates.

The Toronto Stock Ex
change's composite 300 index
dropped 8.80 points to close
3,307.16, down 32.61 on the
week.

In New York, the Dow
Jones industrial average fell
12.77 to 2,007.46, a loss of
24.87 since last Friday.

Analyst David MeLeish
said no specific factor pushed
the Toronto market down
during the session, although
investors generally stay on
the sidelines when worried

BE A.
HOST FAMILY

A select group of English-speaking
teenagers from Europe, Asia, Australia
and Latin America will arrive in Canada
this August - each one looking forward
to living with a Canadian family for a

high school year

YOU could be one of these families!

Discover another culture without leaving
home. Share your country in a fun and
fascinating way. And gain a special

friend for life

Your local Educational Foundation
Area Representative is interviewing
Prospective volunteer families now.
Host families are able to choose the
student best suited for their home

Call today

ROBERT WESTHOFF
365-3478

DONNA KINGDON
7

or call toll-free
1-800-363-3337

Educational Foundation tor Foreign Study
A Canadian 100-1

Of organization

of Canarim Investments, said
the market made gains early
in the day but slid later in a
selloff, likely because traders
didn’t want to “get caught
long” by holding stocks dur.
ing the weekend.

In the United States, the
Labor Department said the
unemployment rate fell to 5.4
per cent in April from 5.6 per
cent a month earlier. Wall
Street had been warily await
ing the figures for several
days, believing signs of more
strength in the economy
would be read as an omen of
upward pressure on inflation
and interest rates.

Mother's
Day

( 0 a.m
* Great Gift
* Cards

* Gift Wrapping

GARDEN TRACTOR Walk

cost. 365-7191 a.m. orp.m. 3/36

Screened Top Soil
Black Sandy Loam
Crushed Gravel, Bedding
Sand & Gravel
365-3315

Fibregias boat, | (car
Hoover washer/spin
365-6643; 365-3237. 3/35

BUY OR SELL
BY AUCTION
Bonkruptcres, Estates. Consign
jutrigh! purchoses
‘Open Mon.-Sor 9-5

ESTON TURF: A perfect lawn
in one day. 428.2606 in/31

CLASSIFIED

Retes

First 10 Words $4.00
Additional Words 20¢
3 Insertions for Price of 2
7 insertions for Price of 4
Special Reduced Rates for

13x, 18x, 26x, 52x, 104x

are Also Available

Special Rates are tor
Consecutive Insertions

Attention Getters

25¢ for each time ad appears
(Minimum charge 75¢.)

Legal Ads
Word ads: 20€ per word tor
one insertion; 15¢ per word
for subsequent consecutive
insertions. Minimum charge is
for 20 words. Legal boxed ads:
64¢ per agate line tor one in:
sertion; 48¢ per agate line for
suLsequent consecutive inser
trons

Payment Policy
Payment may be made by
cash, cheque or Visa and
MasterCard credit cards. It is
not advisable to send cash
through the mail. Classified
Ads may be charged, but a $1
billing charge will be made if
the ad is not paid tor seven
days after it firs! appears.
(This $1 charge does NOT ap-
ply ‘to Visa and MasterCard
charges.)

FLOWERS
SAY IT ALL!

OPEN TODAY
9 a.m.-5:30 p.m.

HAPPY

co”? 30

1125-4th Street, Castlegar
365-519
OPEN MONDAYS

BROWSE advertise!
joup to nuts.
in Waneta

5 er, Nelson,
3rd and Columbia, Castlegar.
tin/3)

and

~ RENT
THIS

SPACE

365-5210

NINA’S

Personalized Hair Care

NINA TEREKOFF
Formerly of New York Society

ackages of 500
fastiogor News,
197 Colum tovave. in/36
CRUSHED
ROAD GRAVEL
y $139

365-2600 or 365-3014

CRUSHED road grovel $140.
yords delive: Paul
365- Son 359-; i hag

12 Noon Tuesday
SUNDAY CASNEWS
11 a.m. Friday

Classified Display
Ads Deadline
“Boxed Ads"
WEDNESDAY Corrie
11 a.m. Tues
SUNDAY CASNEWs
10.0.m. Friday
Order by Mail
Print your Action Ad on a
‘of paper and

VIN

The Costlegar News reserves

the right to classify ads under

oppropriate headings and to

determine page location
Humen Rights Act

All advertisements such os

Help Wani

with the British Colum

Human Rights Act. This A

ion, on
of an applicant's

colour, marital

try, place of

(unless the

mer 0 the main.
tenance ot public decodey
AND prior approval has been
ob} hrough the Human

For Home
or Business
Insurance
Call

Peter Majesgey
me: 365-5386
lice: 364-1285
Broad Coverages
t

Experienced Personal
Service for SAFECO and
all your Insurance needs
check with ...

PETER MAJESGEY

ond
CURRIERS
INSURANCE LTD.
1331 Bay Ave., Trait:

USED GUNS bought and_ sold.

UNDERCOVER WEAR
linge je port
. "From

emeretiee ta barely nothing
Reasonable prices. Excellent
heetess benefits. Petite, tall

materty sleep, (Business, oppor
tunity evailobie). Coll 420-4103
Creston. 3/36

Home

Two-Gallon

Heavy duty all-purpose
plastic pails with tight-titting
covers and handles
Need cleaning. $1.50 each

aca NEWS

Steering You Straight

M

AUTO BODY SHOP

Deadline for Sunday Edition — 11 a.m. Friday

365-2212

Deadline for Wednesday Edition — 12 Noon, Tuesday

INCLUDING UNIBODY
ALL MAKES & MODELS

Call 365-21

ALONEY

For Better or For Worse”

FRAME STRAIGHTENING

55

HONEY"

COME.ON, WHAT 7 WE FINALLY GET
SHOULDS SET OUT THe A AND You

BECAUSE I'VE
WAITED &
MONTHS TO
HAVE THE PLACE
TOMYSELF!

~~

athletic, wens
dogs trom
obedience title blo
426-9942.
SEE US FORA. «
COMPLETE LINE OF

mrt POULTRY
_ ARROW BUILDING.

ond

wl
mires.

Ave.

bath bab

yer, dishwasher ch
Provincial triple dresser with
mirror. Misc. household effects,
cheap. 365-6377 3/36

HAZELWOOD
HOLDINGS

Concrete Contractors
Floors, Driveways, Forms
CALL: RALPH BIRD (REP.)

365-5063

Fantastic Selection of Watches

“We've Got the Gifts of Love’

BULOVA * CARAVELL ® PULSAR ® SEIKO ® CITIZEN ~

LAUENER BROS. JEWELLERS

— 1355 Cedar Ave., Trail — Phone 368-9533

WATERBEDS. For ail your water
bed needs and supplies. 367.
arn __ 104/40

in Your
Mail!
Watch
For It!

EAM vacuum systems Desier.
Ship SS 71S ork or pam 3/86

LAWNMOWER
REPAIRS

Call 365-8307

FRESH Creston asparagus.
cliffe Farms. We guarant
laced now. Pho

COARSE cedar sawdust, wood
chips and bark mulch. Ideal for
garden pathways, raspberry and
Strawberry mulch. Also ideal tor
retaining moisture and sup:
pressing weeds and grass in the
shrub and rose garden, $60 tor
cubic feet truck load,
delivered anywhere in Kinnaird,
Castlegar or Robson. 365-5555 or
365-6862 /35

KEL PRINT
621 Columbia Ave.
Castlegar, B.C.
(365-6385

PHOTOCOPYING
STATIONERY ® RUBBER STAMPS
TYPING * USED BOOKS

COMMERCIAL &
WEDDING STATIONERY

RALEIGH Portage 19” 12-speed
mountain bike. Excellent con.

dition, $135. 365-6316 after 5
i 3/37

SEAMLESS
GUTTERS

4’ or 5" heavy gauge
painted aluminum
5-year leakproof
guarantee!

CALL MR. GUTTER

365-3240

BALDWIN

WEE ONES PRESCHOOL and
child-minding. Quality program,
stimulating environment, right
through summer, 359-7404 or
359-7243 for information. 37

oo

VICTOR
SHOE REPAIR

* BOAT TOP REPAIRS
BOAT SEAT REPAIRS
CAR SEAT REPAIRS
KITCHEN CHAIRS
WINDOW REPLACEMENT

© UPHOLSTERY

Run your
classified word ad
twice at regular
price and get the
third consecutive
insertion at

NO EXTRA

Hrs. Mon.-Fri. 9:30-5:30 p.m
Sat. 10.a.m.-4p.m
PLEASE CALL

365-6632 364- 2339

CASTLEGAR

“i'm sure I'm right —
not sure enough to want the
other side’s opinion to be ig-

CHARGE

ZDOROVIA
pd 3

Cee

NATUROPA 'HIC PHYSICAN
fan tea cote
APPOINTMENTS 365-2477
Monday, Tuesday, Wednesday

~Thedire Organ, a.m.
separate Leslie speaker. 7 years
old, $3,000. 355-2428. va

6, WOODWORK

PART-TUAE RECEPTIONIST WANTED
‘Mail resume to above oddress.
Part-Time Office Space Available.
NATURE HAS A REMEDY!
Visits under B.C Medical

DOUBLE BOXSPRING and mat
tress. Extra long, very clean,
$40: 399-4153. “7
EXERCISE BIKE, $5. 365-5175

3/
SIX RAILROAD TIES, suitabl
retaining walls, etc. $6 eed!
365-2264 early morning, or

“3/37
MEN'S 10-SPEED. SPEED. 5, ood con
dition, $40. 365-21

© CABINETS
* CUSTOM
FURNITURE
© INTERIOR
FINISHING
© GARAGE DOORSSoies Repos

GRAHAM READ
365-3461 can be mo
222 -102nd Ave., Castlegar

YOO GALLON gas tank with
stand, $20. 365-5558. 3/36
BABY buggy in good condition
Se ine a stroller $0

36

ring own

WE CAN HELP YOU BE
WORTH MORE TOMORROW
THAN YOU ARE TODAY!

Lite insuronce

y
JACK L. PARKIN
Bus. 365-6664 © Res. 365-2694
teh
i ( Mutual Life of Canada
f] Mutual Investco

FULL-SIZED white washer ss
dryer. 365-5182

PROVINCE-WIDE
CLASSIFIED

$15 DISCOUNT FOR CASH!

G

Castlégar News

PANASONIC remote VCR VHS
One year old, excellent con
dition. 365-5328. 3/37

Call us
for details!

365-2212

MEN'S 10- speed bike. ‘con
dition, $65. 0.b.0. 365-7209. 3/36

B &) TAX
SERVICE

1246-3rd $¢.,
Costleger

365-7033
For
Income Tax
Return
Bookkeeping
Service
BEV

ESWA RADIANT heating dealer:
ship. High income potential. 365-
7191 a.m./p.m. 3/36

CROSSROADS PRINTING
“Sionemery ore

— WEEKLY SPECIALS —

Cash or trade. Wises
Rossiond. 1-362-5171. __#n/93.

WE RENT VHS VIDEOS.
Hours 4.9m 9pm. deity
1600 GAL. 7 =

meters, $800. 399-4468. 35

AMWAY guaranieed products
with service te-your door, Phone
693-2261.

SCREENED LOAM
TOP SOIL

2600 or 365-3014

OPEN
SUNDAYS!
10 a.m-to 3 p.m.
Complete Line Of
PESTICIDES &
LAWN & GARDEN
SUPPLIES
ARROW BUILDING
2240-6th Ave. 365-2175
1980 JOHN DEERE 17 HP with
cervier, vemium, grees, picker:
bain’ <7? Raia
Aluminum
Sheets

242" x 36
11012

13 to 24
25 or More

75¢ Each
60¢ Each
50¢ Each

CASTLEGAR NEWS
197 Columbia Avenue
Castlegor

FULL-PAC PAGE - REPRODUCTIONS of

ang 5.98 tad
f you have baal be in.
|. Castlegor New:
>> a Avenve. phone ° itr

INFANT: Car seat, good con
$40. 365-3205.
Our Action Ad
Phone No. 365-2212

CHILD'S DRESSER, $40. 365. 7730,

YOU MAY ADVERTISE in this
column free of charge. Up to two
items may be advertised, but th
orticles must not total over. $40
and each item must have o price
stated. We will run your ad f
three issues. n/3t

MOTORCYCLE heimet, tits iN 4
year-old. $25. 365-5931 3/35

WESTERN
lessons
3305,

horseback riding
horse provided. 365:
7/32

AKC Lahasa-Apte puppies, male
and female, go!

coats, will deliver, ‘small
reed. $200. (509) 937-2957. 3/36

AKC Shih-Tzu pu;
tle dust mops fo low
24

CLEAN HOME on large property.
Close 10 Plaza, orea, ridge,
stove. washer, dryer. Available
$37: th. Call
1.368.608. itn737
iment. Furn:
view, down-
7/37
BORM. coftage. Furnished,
cable. nition: carport. In R
son, no pets. 365-7882. vtn737
hou: re
Raspberry Villa; oe $450 orth
Available June 1365-3751
t#n/3Z.

Eirias. stove,
‘a7

; oan modern
Third bedroom in tull
basement. Attached ga

gorden space. 365-5359. Se

SMALL Hout
nice yard. 365-

BLUEBERRY, one bdrm. suite.
$200/month. 365-5312, Mae.
3/37
2 BDRM. HOUSE. $375/month
and 3 bdrm. suite th
including utilities. North
Castlegar. 365-5312, Mae. 3/37

Crossword

After the Showers . . . answer in Wednesday's paper

ACROSS
1 Pragrant

63 Unruly chile Stone: pallar

het base
4F

Theater box

Average time of solution. 57 minutes

CRYPTOQUIP.

d Puzzle

d by the folk = buei,

SCHNEIDER'S
BUILDING SUPPLIES LTO
Wenete Junction
TRAR

PS a!
SS

368-6466

CHRYSLER
Wanete Junction, Trail

PAUL’S PLACE LTD.

— DODGE — PLYMOUTH

368-8295