< SS 3 f November 6, 1985 BUSINESS 86 Castlégar News Castleaird Plaza 365-2211 Hand Embroidered and Lace Cloths. Eee Cominco _ suspends | metal sales Cominco has announced it , FULL-PAGE REPRODUCTIONS SS Castlegar News. e Perfect for Framing Approximately 15°x22" © High Quality Photographic Paper Only $17.95 Pre-payment required for this special service. Allow one week for delivery. Castlegar News f 197 Columbia Avenue Telephone: 365-7266 is sales of its products which are based upon London Metal Exchange: quotations; this includes Cominco's refined lead as well as lead and copper in concentrates. The suspension was de- clared under provisions of the Fair Clause which is in- cluded in sales contracts. “Cominco’s action is taken asa direct result of the chaos caused by the suspension by t ME of tin trading which has impacted and distorted the prices of all metals traded on the Exchange,” the com- pay’ said in,a prepared re- lease. “Reference is madé to In- co's request to suspend nickel trading because’ of the tin problem and to Alcoa's an- nouncement that it will sus- pend all ingot sales based on the LME,” the company said. “The fact that LME deal- ers with tin positions are pressured to sell other. met- als on the LME to raise cash, points out a weakness’ of a terminal market system. The LME has also triggered low- er prices on silver and copper traded on Comex,” Cominco added. ie The company said that while zinc is not priced by producers and consumers on the LME, there have been some references in the trade that the LME zinc price might be more representa- tive than the producer pric- ing system. 4 "The current LME chaos is an example of why consum- ers of zine requested pro-. ducers in Europe to i: OTTAWA (CP) — Mines Minister Robert Layton acknowledged ‘on Monday. that reopening the Cyprus Anvil zinc-lead mine in the Yukon will create hardship for other'-Canadian zinc producers that are battling to survive a glutted wotld market and slumping prices. Several mining companies “have complained that their troubled industry will -be badly hurt by the reopening of the Cyprus Anvil mine at Faro, north of Whitehorse. Before it closed in 1982,- Cyprus Anvil accounted for nearly three per cent of the western world’s lead and zinc production. Noranda ‘Inc. recently warned that additional production by Cyprus Anvil could slash zine prices by as much as 20 per cent and lead to layoffs and shutdowns at other mines. Falconbridge Copper announced last week that it was delaying a planned zinc operation in Northern Ontario, partly because of Cyprus Anvil. Layton told reporters he is “conscious that it does make that sector of the industry more difficult to compete in.” He said mining companies urged the government not to help reopen the mine. Layton said he passed those representations on to—Indian and Northern fairs Minister David Crombie and Finance Minister Michael “Wilson, who formed a cabinet committee with Layton to the EPP,” Cominco said. * “While it is not a perfect pricing system, it has man-_ -aged to survive since. incep- tion in 1964. Currently, in a very res- ponsive way, some miners and smelters have reduced production in order to correct the supply imbalance.” MacBlo earnings up VANCOUVER (CP). — MacMillan Bloedel, the forest giant controlled by Noranda, had net earnings of $22.5 million in the first nine months of 1985, the highest nine-month result since 1980. Initiatives to contain costs and make maximum use of logs resulted in the improved performance, in spite of de- clining prices for pulp, con- tainerboard and lumber, the BEB po GE > FES =e pany said Tuesday. The $22.5 million in net earnings before preferred “AUTOMOTIVE DIRECTORY GER. oie Gap BE. =e f 0 BOD & REPAIR WANETA PLAZA TOYOTA Complete Car and Truck Repairs AUTO BODY & PAINTING Bear Creek Road, Trail 364-2588 4 6 6 PP (§=3) BUMPER TO BUMPER. Fighting Inflation For Motoring Needs 6 Days a Week! 1507 Columbia Ave. 365-7787 were paid com- pares with $5.6 million in the same period of 1984. Howe- ver last year’s results were adversely affected by a len- igthy industry-wide labor dis- pute. Net earnings for the third quarter of 1985 were $12.1 million or 17 cents a common share, compared with $13.7 million (restated) or 25 cents a common share. heir Sacrifice Total sales for the quarter were $597.1 million and oper- ating earnings amounted to $27.9 million. This compares with sales of $603 million for the third quarter of 1984 and operating earnings of $43.6 million. “We have focussed on higher value products, better wood recovery in the wood- lands and the mills, and im- plementing new operating techniques such as mechan- ical harvesting.” said presi- dent Ray Smith. The board also declared a two-cent stock dividend on the company's common shares payable on Dec. 16, 1985 which is a change to the policy it struck earlier. this year to pay an annual rather than quarterly dividend. the proposal to reopen the mine. . Cyprus Anvil is being bought by Curragh Resources Corp., headed by Toronto mining executive Clifford REOPENING CYPRUS ANVIL Ml “COULD HURT ZINC INDUSTRY - Frame, from Dome Petroleum Ltd. The government is iding assi: to Curragh, i an 85-per-cent guarantee of a $15-million loan“ to help meet Curragh’s startup costs. ‘The federal government has promised to pay 90 per cent of the Yukon government's cost in case of default during the first 18 months of the loan term. . Layton said Ottawa provided assistance after seeing ibility. studies — issioned by Curragh and the Yukon government — which indicated the mine could be profitable. Layton said job cteation in the Yukon was also an important consideration. Layton said he believes the Curragh purchase is a good.deal even if it does cause problems for other zine mines. . “The battle for the mining market will always be on the basis of the marketplace — that is, who can satisfy the market and make a profit. It’s not the federal government's role . . . to perpetuate the mines that are winding down. “We have some of the best and most productive mines ina lot of-sectors. But in some areas, and zinc is one of them, there are some that are more marginal than others.” Layton denied” suggestions that Cyprus Anvil got federal help because it is located in deputy prime ister Erik Nielsen's riding. He said Nielsen had “very little, if any” involvement in the deal. 4 Yukon jud: Insurance OTTAWA (CP) — Taxpayers, businesses and con- sumers are being forced to bail the insurance industry out of its difficulties. Staggering increases in liability insurance premiums have Jeft_séme municipalities wondering whether they can still afford coverage and there are reports that some businesses can no longer get coverage at any price. Barbara Potvin and her husband, owners of Hilan Creative Playstructures Ltd. in Almonte, Ont., were shocked early this year to find their liability insurance premiums had soared 626 per cent to $47,000 from $6,500. Last week the Victoria suburb of Saanich allowed its; insurance to lapse because it couldn't afford a 333-per-cent increase in its premiums which rose to $400,000 from $92,300. 2 a Those are only two examples of businesses and municipalities caught in the high-premium squeeze. Barbara Potvin said Hilan had a difficult time finding any insurer willing to insure what the industry considers a high risk — the production of ‘children’s playground equipment. Hilas has absorbed the added cost this year, but next year it will have to be passed on to the consumer, said Potvin, whose. insurer told her the premium rise was a general increase being put through by the industry to cover its losses over the last few years. HEAR SAD TALES Canadian municipalities are hearing the same tale of woe from the insurance industry. “I think you'll find some that are sweating,” said John Harris, Canadian chairman of the Risk and Insurance Management Society, a North American body which analyses risks and the placing of insurance to cover those risks. . rates leap — rose. this year to $440,000 from $156,000 last year: Kitchener, where premiums jumped to $980,000 from $576,000 and the Regional Municipality of Durham, whose premiums shot up to $520,000 from $290,000. “It's coming out of the pocket of the taxpayer no matter how you slice it,” Harris said. Last week, the organization representing British Columbia cities and towns urged: that province to pass legislation to control the “astronomical” increase in municipal liability insurance costs. One insurance industry official, Peter Drake, vice- president of insurers Marsh and. McLennan Lid. in Ottawa, said he is aware of half a dozen companies in Ottawa which in the last two weeks have been unable to obtain insurance. There have been similar statements from insurance agents in other parts of the country as well. Bob Graham, an analyst with the federal Department of Insurance, said it is concerned that some businesses are unable to obtain insurance. FACING INCREASES But in most cases it's just that they are facing increased premiums, he said. In fact, the department sees the sharp increase in premiums — from what most in the industry say were artificially low levels in the first place — and restrictions on who can get coverage as solutions to the industry's problems. ~” Businesses facing a premium crunch or having difficulty obtaining insurange include small businesses such as taverns, restaurants, and recreational facilities and. larger businesses such as food, pharmaceutical and chemical companies. : David Jackson, manager of insurance services with the Harris pointed to some Ontario ities caught in the same squeeze as Saanich — Windsor, whose premiums I Bureau of Canada said the industry is facing “one of these crunches that takes time to work out.” BCRIC loses in third quarter By CasNews Staff Continuing poor markets and low prices for natural resource products led to a loss: of. $493,000 for B.C. extraordinary loss of $1.6 million in the same period last year. The company's forest pro- ducts operations had a third ability. However, the poor pulp market continues to offset many of these gains, the company said in the release. Resources Investment Corp. quarter operating profit of $6.6 million, down from $8.6 million in the same period in 1984 but a substantial im- in the third quarter of 1985. This compares to net earn- ings of $3.3 million after an USED AUTO PARTS _ERNIE'S TOWING Ph. 365-5690 — 24 Hours DEALERSHIPS WANETA PLAZA TOYOTA Bear Creek Road, Trail 364- CASTLEGAR CHEVRON 425 Columbia, Castlegar 365-2912 a hed } Kootenay Honda (across from Waneta Plaza) Dealer No. 7724 368-3377 - MUFFLERS MAIN ST. MUFFLER - 613-13th St., Castlegar Ph. 365-5411 CAR & TRUCK RENTALS CASTLEGAR CHEVRON WANETA PLAZA TOYOTA 365-2912 364-2588 CASTLE TIRE (1977) LTD Sp SALES & SERVICE ; ) 65-7145 1050 Columbia, Castlegar provement from earlier in the year, according to a prepared release. / Westar Timber'’s lumber operations show continued improvement in lowering costs and increasing profit- MANAGEMENT SKILLS FOR SUPERVISORS PART I INTERPERSONAL SKILLS Certified by the Ministry of Educaton. A PRACTICAL WORKSHOP FOR THOSE WHO SUPERVISE OTHERS Are your communications really effective? Can you recognize a losing conversation? Do you know about the feedback process? Do you know how rumors start and how to-stop them? Can you conduct a problem-solving interview? Have you analyzed the way salesmen sell? Do you have an effective system for making quality decisions? THE WORKSHOP ON INTERPERSONAL SKILLS WILL: e Enable you to say yes to these questions and others. © Sharpen your supervisory skills. © Improve and enhance your relationships with others: e ° e X Quality ‘> Education for All VOTE TONY GUGLIELMI FOR SCHOOL TRUSTEE Aid in developing effective and persuasive communications. Enhance your interviewing techniques. - - Provide experience in handling job related. problems. NOVEMBER 27, 28, 29, 1985 CANADA MANPOWER FUNDING MAY BE AVAILABLE For more information, contact Sue Blakeway at ~ Selkirk College _.* _ TRAIL CAMPUS ‘ 845 Victoria St., Trail, B.C. VIR 313 — 368-5236 Operating profit for the first nine months more than doubled to $5.2 million in 1985 from $2.2 million for the same period last year. Revenues for the quarter were $250.4 million compared to revenues of $302.4 million for the third quarter of 1984. For the nine month period ended September 30, 1985 }CRIC recorded a net loss of $4.0 million, compared to a loss of $2.3 million afterthe extraordinary loss in the same period in 1984. “The world oversupply of Earnings from coal mining and port operations were down from 1984 due to lower shipments of coking ‘coal, mostly to Japanese cust- “Talk about overstuffed!" . . . But not over priced! Come sample our selection of delicious subs... made daily! * Murchies Teas & Coffees * Imported Foods * Party Trays © Borscht om eo: eats © Ch: COUNTRY HARVEST DELI 1436 Columbia Ave. 365-5414 commodity products — parti- cularly coal, kraft pulp, lum- ber and crude oil — is putting considerable downward pres- sure on prices and making competition for existing cus- tomers a lot tougher,” said Bruce I. Howe, president and chief executive officer of BCRIC. “We do not expect to see any improvement this year because of reduced demand for coking coal, soft pulp markets and the likelihood of further erosion in world oil prices. Commodity prices are beyond our control, but we have been able to lessen their impact by reducing costs at operations, increasing our productivity, and developing new markets for our prod- ucts worldwide,” he added. if you agree its time for a change VOTE BOB MacBAIN MAYOR omers. The coal and port oper- ations had an operating profit (before interest, income taxes and minority interest) of $15.6 million in the third quarter compared to $28.8 million for the same period in 1984. The combined ~ operating profit for the nine months was $65.6 million compared to $68.4 million for the same period in 1984. Lower world oil prices resulted in a drop in the operating profit of the com- pany's domestic oil and gas operations to.$3.4 million in the third quarter from $5.1 million the previous year. Westar Petroleum prod- uced 283,000 barrels of- oil and natural gas liquids and 326 million cubic feet of “natural gas. Operating profit for the nine months was $11.2 mil- lion compared to $15.0 in 1984. FORD | TRUCKS STAN A.M. FORD 2795 Highway Drive in Glenmerry Trail DL. 7336 Your Ford Country Headquarters”’ DENNIS Save $$$ with the Auto Sellers at A.M. FORD VOLUME DISCOUNTS ON ALL PURCHASES & LEASES FORD FRED L ; ee * November 6, 1985, Castlegar News _°” SOCREDS HONORED .. . Premier Bill Bennett pi | Credit party members that sold 20 or more new memberships. ds to land-Trail are: Andy Thomsen, Carl Price, Bennett, Phil Brooks, John Rypien and Sid Crockett. The awards were presented at the recent Socred convention in Vancouver. Recreation news Planning for our 1986 Winter Recreation Program is now taking place. If you have any suggestions for new classes, recommendations for any of our current programs, know ofa qualified instructor or would like to instruct a demand we will be holding-a second Hor D'oeurve Work- shop on Nov. 21. So tantalize your taste buds with this one evening workshop that will show you entertaining can be simple and fun. Lots of Christmas ideas. Be sure to class, please give Verona a—come hungry because there call at the recreation office. Any help in planning your recreation program is greatly appreciated. : New Activities Although many of our fall _ programs are finished we still have a variety of new activities taking place during November: Due to popular will be lots to eat. Reduce Stress If you would like to learn to “Reduce Stress in Your Life” plan to attend our weekend workshop Nov. 23 and 24. You will learn to give and re- ceive a general relaxing mas- sage using Swedish massage and pressure point techni- ques. Registration fee for the workshop is $30. ‘ A marketing seminar will be held for three consecutive Thursday evenings starting Nov. 28. This program is de- signed to support and im- prove the marketing manage- ment skills of Left to right Local students honored with awards A Castlegar man and a Blueberry Creek woman were two of the University of- Victoria's top academic achi- evers honored at an Oct. 30 awards recognition ceremony at the university. James Peter Zibin of Castlegar received the Ran- dolph. William Di Zibin is in his second year inthe arts. and sciences fac- ulty at the university.” Sherry Ann in of NOTICE OF POLL _MUNICIPALITY OF THE City of Castlegar Public Notice is given to the electors of the electors of the municipality that a poll is hy lecti ow and that the persons i das i for whom votes will be received, are: — SURNAME, OTHER NAMES OFFICE ‘TERM OF OFFICE RES. ADDRESS: OCCUPATION ° Blueberry. Creek picked up the $25 Michael Dane Mem orial Book Prize. ce Soobotin is in her thir year in arts and sciences. A total of 869 4tulfents : a ae Memorial Scholarship of $1,000. sariés, grants and prizes dur- ing the ceremony: Socreds to tour ‘Rossland-Trail Social Credit MLA Jack Kempf (Omineca) will tour the Rossland-Trail riding with the newest Social Credit MLA AI Passarrel (Atlin) Thursday. The tour will start with an open line radio program ‘on CKQR, luncheon with the local Social Credit executive, Registration fee is $10 which .ineludes a workbook to use and keep. Arena Rentals‘ Any group or organization that would like to rent the arena for a skating party or on -a regular basis, contact the recreation office Monday- Friday 8:30 a.m. - 4:30 p.m. OLI adds new training A new agreement between B.C.'s Open. Learning In- stitute (OLI) and the Insti- tute of Chartered Accoun- tants of British Columbia (ICABC) will bring, requisite university degree training for the designation, CA, to Castlegar. It will ultimately enable The local CA study pro- gram will involve community college studies, the OLI de- gree, educational programs of the ICABC and mandatory employment with a CA firm. Students’ will be encour- aged to study two years in university transfer or ap- countancy of the ICABC and employment. “Our recognition of the OLI -undergraduate degree toward qualification as a CA creates an equitable distri- bution of training throughout B.C.,” said Dr. Don Carter, Principal of the ICABC's School of A 2 local Chartered A students to obtain’ all nec- essary education without leaving the city for the first time since ICABC included a university degree . among mandatory credentials for CAs. Santa proved a. tion programs at their re- gional community colleges, then undertake work with OLI toward their BA in Administrative Studies. This will be combined with work at the School of Ac- flying in early Santa Claus is flying in from the North Pole early to find out what children in the Slocan Valley would like for Christmas. As a special treat each child will receive a candy cane from the jolly old man. ~ He will be at Slocan Park Hall from 1-3 p.m. at the Christmas Craft and Bake Sale. Regional Recreation Com- mission No. 8 is sponsoring the Christmas Craft and Bake Sale at Slocan Park Hall Nov. 23 from 10 a.m. - 4 p.m. Local craftspeople will be highlighting their creations, which range from dolls and wooden toys to sweaters and pottery. There will be a wide selec- tion from 18 different non- profit organizations and in- dividual crafts people. The South Slocan Hospital Auxi- liary, Threads Guild, South Slocan Scouts and Brownies, Appledale. Daycare and USCC, will all have a Christ- mas gift array with Christ- mas baking. Individuals will contribute pottery, ceramics, dolls, jew- elry, ornaments, knitted goods, Christmas corsages, hand painted silk scarves and much more. Admission to the sale is by donation of food or money, which will be given to the needy to help brighten their Christmas. “CA students will initially be required to. attend sum- mer courses at ICABC head- quarters in Vancouver, but eventual development of fur- ther courses by OLI will eliminate that requirement. This means the vast majority of their schooling can now take place right in Castlegar, and that future students will be able to do it all at home,” he said. | FOTO Siopp 1-Hour Photo Finishing 278 Columbia Ave., Castlegar 365-2888 PLAZA BAKERY (FRESH BAKED DAILY iff GUR STORE) special occasion baking!” THIS THURSDAY, FRIDAY & SATURDAY .85° 6...$189 us for Castleaird Plaza -59. resorts. Congratulations! To the winner of the $500 accommodation package at ‘ either the Andrew Motor Lodge or the Astoria Motor Inn in Jasper, one of the Rockies’ most popular all-season vacation. Katherine Markin R.R. No. 1, Site 7, Comp. 6, Castlegar Katherine's entry was chose Coupon in the Castlegar Coupon Tab of Wed., Oct. 23 n from the Tu-Dor Sports News Budget Helper . Metra then press with the Castlegar News, Trail Daily Times and radio station CJAT. ‘There will be a wine and cheese reception at the Sun- scan Hall in East Trail 7 p.m. Kempf is also the parli. amentary secretary for the minister of ighways and will view the West Trail highway approach and hear a number of other local highway con- cerns. MacBAIN, James R. Cowan Mayor MOORE, Audrey L. Mayor TAIDERBANK, Alberts. Ald FERGUSON, Gordon Retired Two(2) Year 843-10th Ave. Ridgewood Biologist/ Two (2) Yeor rm inessman 1030-7th Ave Retired 5-SthAve. Retired ROGERS Terry, O'CONNELL, Patrick J. One (1) Year 1800 Birchwood Credit Union: 801 Lynnwood 312-7th Ave. OGLOW, Nicholas T. One (1) Year Businessman GUGLIELMI, Antonio Two (2) Year Letter Carrier KRULL, Linda Two(2)Year 103FerryAve. Homemoker SMECHER, Doreen Two (2) Year 2840Dumont Housewife The poll will be opened at the Castigar C Cc lex on b 16, 1985, between the hours of 8:00 a.m. and 8:00 p:m. The advanced poll ‘ber 8, 1985, b will be open at the City Hall on the hours of _ 9:00 a.m. and 8:00 p.m. The mobile poll shall be conducted in the Castlegar lay & District Hospital during the hours of 2:00 p.m. to 3:00 p.m. on polling November 16, 1985. 3 Dated at City hall, Castlegar this 28th day of October, 1985. R.J. Skillings, : f Returning Officer High Value -Low Price! CARPET, UNDERPAD AND INSTALLATION A PACKAGE DEAL! ALSO 495 sq. yd. installed YOUR CHOICE DENSELY- PILED 100% Nylon Cut Pile Saxony Choice of colors B SUBTLE TRACERY SCULPTURE of 100% Nylon Choice of coiors Short Rolls, Roll Ends Luxury Carpeting Many are room-size at Clearance Prices! Look ’em over — Buy now! 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