har News Ap:ii 20, 1986 BUSINESS COMINCO LOSSES CONTINUE VANCOUVER (CP) — Cominco Lid. has announced unaudited net earnings of $14.1 million im the first quarter of 1986 — i Fording Coal Lid. Cominco continues to news release. fertilizer the re borrowings.” ‘There was no, first-quarter dividend, but Cominco stated its intention “to preserve the eligiblity of its shares as investments for pension plans and insurance companies by paying either a cash or stock dividend at a later time.” $41.4 million from the sale of its 40-per-cent interest in Without the extraordinary item and after providing for dividends on preferred shares, the Vancouver-based corporation lost $27.8 million — 47 cents a common share on sales of $288.2 million. This was a deterioration from a loss of 21 cents a share on sales of $337.8 million in the first three months of 1985. prices for zine and lead, somewhat offeset by firmer prices for refined gold and copper concentrate. “Production cutbacks and layoffs continued at most operations with major cost reductions being achieved at the ‘Trail smelter and the Sullivan mine,” said a Cominco The mining and metals division posted an operating loss of $6.5 million in first-quarter 1986, down from a profit of $1.9 million a year earlier. The chemicals and division lost $5.8 million, down from a year-earlier profit of $9.1 million, because of oversupplies of nitrogen-based fertilizers and potash, Cominco said. “To counter any excess inventory buildup of fertilizers, temporary plant closures will be scheduled as needed,” se stated .. . “strong measures including staff reductions, a freeze on salaries and the renegotiation of energy contracts have been implemented.” The only Cominco assets in the black were in the “other operations” category which includes electric power distribution, with a profit of $2 million, down from $3.3 million a year earlier. Cominco’s January-March interest costs rose by $3.3 million to $24.7 million “as a an extraordinary gain of be afflicted by depressed Inco turns a profit TORONTO (CP) — After three years of almost con stant bad news, things are looking up for Inco Ltd., the largest nickel p in the classification has gradings of high, medium or low. best rating, to R-3, and each secondary pe such as non-Communist world. The Toronto-based com pany, which does most of its Canadian mining and refining around Sudbury, Ont., and Thompson, Man., announced two months ago it had made a profit last year for the first of an upgraded rating for its commercial paper. Dominion Bond Rating Service announced it had raised its rating on Inco's commercial paper — a form of negotiable debt security usually issued for terms ranging from a few days to a year — to R-2 (middle) from R-2 (low). This leaves the company roughly in the centre of the ratings spectrum for that type of security. Commercial paper is rated from R-1, the rate debentures, bonds and other securities to give in- vestors a measure of how safe the investments are. A spokesman for Domin- jon, who asked not to be identified, said the commer. cial paper rating was up graded because Inco's opera- ting costs have come down substantially in recent years. ‘MUCH LEANER’ “It is now a much leaner, much better operated com pany than it was, say, three or four years ago,” he said. In February, Inco reported a profit of $52.2 million U.S. or 28 cents a share, a dram atie reversal from a loss in 1984 of $77.3 million or $1.02 a share. The 1985 profit followed three consecutive years of losses. In addition to its heavy losses, which at one point ex AT ALGOMA STEEL tended through 13 tive quarters, Inco had to battle pressure from government and environmen- tal groups to eut sulphur di- oxide emissions that cause acid rain, as well as periodic labor troubles. The company has cut its workforce substantially tr the last six years. Despite Inco's recent fi- nancial improvements, its primary credit rating . for bonds and debentures has remained at a relatively low double B. Triple A is the best possible rating and Triple B is considered the cutoff point for issuing new bonds on the capital market. The Dominion spokesman said the low price of nickel is the main factor preventing Inco’s ratings from being up- graded further. Once able to dictate world nickel prices, Inco has been battered by slack prices brought in by a cut in world demand and new sources of production. Aue jel ri 3 i APPOINTMENT Curriers is ph d to eee GAYE COLEMAN Hos joined their lite insuronce deportment, ond wilt be joming her lother Norm Ate Nobb © tully licenced lite m- egent ond rence, por Fidelity/ Seaboard holders CURRIERS INSURANCE 1331 Bey Ave., Trail, 8.C. Phome 364-1285 Res. 365-6641 policy Union eyes job losses SAULT STE. MARIE, ONT. (CP) — The United Steelworkers will hire a con- sultant to scrutinize Algoma Steel Corp.'s plans to cut 1,500 jobs. The union said in a state ment Thursday the. consul Weekly Stocks VANCOUVER (CP) — Prices were mixed in active trading Friday on the Van- couver Stock Vol rose 02 to .45 on 70,800. Western Allenbee dropped 1-8 to $7 5-8 and Reake Ex- ume at close was 13,341,229 shares. Of issues traded, 275 ad- vanced, 292 declined and 465 were unchanged. The VSE index stood at 1377.68, up 8.45 from Thursday's close. Consolidated Barrier Reef led equities, down .05 at $1.75 on 131,500. Consolidat- ed Premium gained .30 to $3.30 on 90,250, Computrex Centres was up .01 to .44 on 73,400 and Nuspar Whether your name starts with A or M, or X, YorZ You'll find Business Directory advertising pays. PHONE 365-5210 P was at 22, Rush Energy Corp. led de- velopment equities, down .19 to .66 on 363,800, Impala Re- sourees rose .02 to $1.10 on 265,630, Mohave Gold was up 05 to 50 on 213,000 and tant “will lly look at Algoma’s assets with an eye to what could be sold off to wipe out the debt load that has been caused by poor management practices.” In addition, Nickel Belt MP John Rodriguez has demand. ed the government hold a public inquiry into the ailing steel producer's plan, an nounced Wednesday at its annual meeting, to cut its workforce by 16 per cent over the next year. The New Democrat told the House of Commons on he wants a mora gained 30 to $4 on 189,100. Happy Resources advanced .01 to $1.94 and Western Trinity rose .02 to .40. Pezecorona Gold led war- rants issues, down 5-8 to $16 on 13,625 and Contour Blind was steady at .05 on 6,000. On development warrants, Diversified Tech dropped .05 to $1.15 on 73,700 and Cobra Enterprises was steady at .07 on 73,300. B.C. Resources was up .05 to $1.33 on 11,430. torium on layoffs until the in quiry is finished “Algoma Steel is the major Sault Ste received plenty of “government good ies” over the years, Rodri guez said. Industry Minister Sinclair Stevens told Rodriguez that his officials are holding dis cussions with Algoma Steel NO NEED But Sault MP Jim Kelle her,. Canada’s international trade minister, said in an interview he sees little need for an inquiry. Because Al- goma is a public company and its books are open, “there's no evidence to suggest a public inquiry is needed,” he said. Dennis Abernot, president of Steelworkers’ Local 2251, said the local will pay for the consultant, but “we're not too concerned about how much it will cost.” The job cuts are to come from the ranks of both salar- ied and unionized employees, but how many in each cat- egory_is uncertain. About 1,200 jobs will be lost at the Sault steelworks. Algoma secretary James Melville defended the com- pany’s plans for layoffs and restructured operations. “The course of action we've taken is prudent and essen- tial.” Sault officials have said the nesses. The city is still trying to absorb the effects of the “old unemployed” — 4,000 people Algoma laid off be- tween 1962 ands 1985. PAIN CONTROL WITHOUT PILLS FREE: Evening film and discussion on how you can control your pain without drugs using the electronic impulse 1.£.N.S. machine (as shown on T.V.'s Market Place Program). Everyone is welcome. FILM STARTS SHARP AT 7:30 P.M. Tuesday, April 29 At the der Hote! Wednesday, April 30 At the Hi Arrow Arms in Castlegar. if you're in pain tor your soke, “please don't miss this tree evening film and discussion. 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Call your travel agent or Pacific Western now at 365-8488 because seats are limited and at these low prices they'll go fast! for just $35 HENNES MARINE Located beside Scottie’s Marina on Arrow Lakes 365-3219 HENNE TRAVEL 1410 Bay Ave.., Trail 368-5595 WEST’S TRAVEL AGENCY 1217 - 3rd St., Castlegar 365-7782 MAPLE LEAF TRAVEL LTD. 605 - 18th St., Castlegar 365-6616 MILK RUN . . . Stanley Humphries Athletic Council members (from left) Kerry Uchida, Lei Halisheft, Sandra Sharp, Karen P: and Geoff Ball gear up for the annual B.C. School Sports Milk Run. The run will be taking place Wednesday at SHSS and at Kinnaird Junior Secondary School. Proceeds from the run will go to Rick Hansen's Man in Motion cause. Habs even series 1-1 against Whalers two goals of the playoffs in support of Patrick Roy's steady goaltending to lead their best-of-seven Adams Division final at 1-1. The series now moves to period and Carbonneau gave Montreal a 2-0 lead heading into the dressing room for the first intermission. > Carbonneau's second goal made it 30 before Ray Ferraro beat Roy fer the Whalers only goal of the game in the middle period. Carbonneau was also out- standing as a penalty-killer, blocking shots pro- tecting a two-goal lead in the ht ath H te! isk § f PATRICK FINAL TIED Caps trounce Rangers ‘ LANDOVER, Md. (AP) — Gaetan Duchesne and Alan Haworth scored two goals each and sh itals trounced New York BASEBALL ROUNDUP Jays edge AMERICAN LEAGUE TORONTO (CP) — Doyle Alexander and two relievers combined on a five-hitter and Lloyd Moseby went 3-for-5 with four runs batted in Saturday to propel Toronto Blue Jays to a 65 American League baseball victory against Kansas City Royals. Alexander, making his third start of the season, was nicked for runs on a solo homer by Darryl Motley in the seventh — his first of the year —- anda run-scoring single by Frank White in the third after Rudy Law had walked and taken second on a groundout. George Brett scored the third Kansas City run when he walked, moved to third on White's single and scored when Jesse Barfield’s throw to the infield got past Garth Iorg for an error in the eighth. Alexander struck out eight and walked two in his stint of 71-3 innings and improved his record to 2-1. Tom Henke, the third Toronto pitcher, tossed the final inning and gave up two runs on two hits but held on to collect his second save of the year. INDIANS 8 TIGERS 6 DETROIT (AP) — Brook Jacoby's two-run double keyed a three-run Cleveland fifth inning and Tony Bernazard and Julio Franco hit sixth-inning homers to lead the Indians to an 8-6 American League baseball victory over Detroit Tigers. Scott Bailes, 2-1, took over from Cleveland starter Neal Heaton with one out in the fifth and picked up the victory. Ernie Camacho pitched 11-3 hitless innings for his third save. Cleveland took a 3-0 lead on Andre Thornton's sacrifice fly in the first and a tworun double by Mel Hall in the second. Chet Lemon hit a two-run homer, his first of two in the game, to cut it to 3-1 in the Tiger half of the second. Lemon scored on Dave Engle's double in the fourth to tie it 3-3. But Cleveland took the lead for good in the fifth. Brett Butler doubled and went to third when Trammell's throw on Julio Franco's ground ball hit him in the back. Joe Carter's single scored Butler and Jacoby's two-out double scored Franco and Carter, chasing Dan Petry, 1-2. NATIONAL LEAGUE ASTROS 4 REDS 3 CINCINNATI (AP) — Hot-hitting Phil Garner's two-run double triggered a four-run first inning and Houston Astros held on for a 4-3 National League baseball victory Saturday over Cincinnati Reds. Bob Knepper, 3-0, earned his 100th career win. He allowed four hits in 51-3 innings, Charlie Kerfeld bailed him out in the sixth, then Dave Smith took over in the ninth and picked up his fifth save. Garner had single and a double in four at-bats. He has driven in 11 runs with 11 hits in 18 at-bats over the past five mes. The Astros ran their winning streak to four games by shelling Tom Browning, 0-1, who didn't survive the first inning. Bill Doran and Billy Hatcher singled to open the game and Garner sent them home with a double into the left-field corner. BRAVES 3 DODGERS © ALTANTA (AP) — Zane Smith pitched a two-hitter and Terry Harper singled in a pair of first-inning runs as Atlanta Braves defeated Los Angeles Dodgers 3-0 in National League baseball action. It was the Dodgers’ fifth consecutive loss and left them with a 3-9 record, equalling their worst start since 1976. The only hits off Smith were singles by Bill Russell in the fifth inning and Enos Cabell in the ninth. Smith, 1-0, walked four and struck out five The Braves got to Orel Hershiser, 1-2, when he experienced early control problems. With two out, he walked Dale Murphy, Bob Horner singled and Ted Simmons walked to load the bases. Harper then followed with a ind single to left. Atlanta added a run in the seventh on Horner's sacrifice fly off reliever Ken Howell. The fly ball to centre field scored Rafael Ramirez who had singled and gone to thrid on Murphy's single that chased Hershiser. Royals 6-5. METS 3 PHILLIES 2 NEW YORK (AP) — Gary Carter hit a tie-breaking single in the eighth inning and Dwight Gooden outdueled Shane Rawley to give New York Mets a 3-2 National League baseball victory over Philadelphia Phillies. Gooden, 2-0, allowed six hits, walked two and struck out 10 in his second complete game. Rawiley, 1-1, did not give up a hit until the fifth inning but left after 72-3, having yielded six hits with two strikeouts and a walk. Rookie Kevin Mitchell started the eighth with a single. One out later, Keith Hernandez singled up the middle, chasing Rawiley, and Carter greeted reliever Steve Bedrosian with a line single to centre, scoring Mitchell. Twice, the Mets came back to tie the score, in the fifth inning on their first hit of the game and again in the sixth on Mitchell's run-scoring double. CARDINALS 9 EXPOS 6 MONTREAL (CP) — St. Louis pitcher Tim Conroy drew a bases-loaded walk in the 17th inning and then Willie McGee followed with a two-run single to give the Cardinals a 96 National League baseball victory over Montreal Expos. Conroy, 1-0, in his first major-league at-bat, worked a full count before taking a pitch from Floyd Youmans, 0-2, outside to force Terry Pendleton home from third Jack Clark put the Cardinals ahead with a leadoff homer in the 14th off Dan Schatzeder, but Tom Nieto singled home Andre Dawson to tie it once again in the home half of the inning. Vince Coleman's run-scoring double gave St. Louis the lead briefly in the 13th, but Vance Law erased that with a run-scoring two-bagger in the bottom of the inning. Coleman sent the game into extra innings when he scored Ozzie Smith from second base with a ninth-inning base hit off Jeff Reardon Flames win over Oilers By JOHN KOROBANIK EDMONTON (CP) — Cal felt sluggish from the open ing warmup Friday night gary Flames scored an im- pressive 4-1 victory over Ed monton in Game 1 of the NHL Smythe Division final Friday night but there was no sign of panic among the defending Stanley Cup cham pion Oilers. “There's no reason to panic,” said forward Glenn Anderson who scored Ed monton’s only goal, on a power play. “It's going to be a long series. “I think we've found our skating legs now. We'll re group... and we'll be ready to go.” The teams meet here tonight in Game 2 of the best. of-seven division final before moving to Calgary for Games 3 and 4 on Tuesday and Thursday. Defenceman Paul Coffey reminded reporters on Satur day that the Oilers also lost the first game of last spring's Stanley Cup final, 4-1 to Philadelphia Flyers, before sweeping the next four games. “The Flyers played as well as they could have and we didn't, like the Flames and us,” said Coffey, who said he “We lost one. It’s nothing to worry about.” To even the series the Oilers agree they'll have to play a lot smarter and harder than they did in Game 2 when they were outshot 33-31 and had only about six good scoring chances. “We didn’t make some of the changes we wanted to make,” Edmonton centre Wayne Gretzky said of some of the confusion the Oilers showed Friday. “We were a little stubborn. We have to become more disciplined and play a lot smarter.” The Flames, 1-6-1 against Edmonton during the regular season but 1-0-1 in the last two games prior to Friday, are aware of the Oilers speed. On Friday night they used a strong hitting game that slowed the normally high-speed Edmonton offence to a crawl. “The Oilers are a team with a lot of speed and when they get the momentum going theyr're awesome,” said John Tonelli, a late season acquisition who set up the first two Calgary goals Friday Rangers 81 Saturday night to even their National Hoe- key League playoff series at one game apiece. After the Capitals took a The next two games in the best-of-seven Patrick Div- ision final are Monday and Wednesday nights in New CTV to stop broadcasts TORONTO (CP) — Frus- trated by an NHL schedule that produces unattractive team matchups and local blackout problems, the CTV television network announ- ced Friday it will stop broad- casting regular-season games. CTV showed the games as part of a deal with Carling O'Keefe brewers, the Quebec Nordiques’ owners who fought a long court battle to break a monopoly on Cana. dian NHL television rights held by rival brewer Molson in a consortium with CBC. But while CTV was able to show the Nordiques as well as the 14 U.S.-based teams, it found the NHL schedule of- ten led to a game without a visiting Canadian team, a weak matehup of U.S. teams or blackout diffieulties in ma jor markets. Jack Ruttle, executive vice-president of CTV, said in an interview Friday, “there are a number of obstructions to delivering a full national service” and CTV will not renew its broadcast deal with Carling until the obstacles are removed. Spokesmen for Carling were unavailable for com ment Canadian hockey fans are used to seeing their sport on Hockey Night in Canada. In the 1970s, hockey enjoyed a brief fling with CBS in the United States. But Carling’s court victory brought CTV on the scene, which now also involves the pay TV channel The Sports Network. CTV wants the league to tailor its schedule, much as the National Football League in the United States strives to have a game with top ranked teams play for ABC on MOnday nights. CTV also complains there are too many Canadian teams playing at home on Friday night, whieh adds to blackout woes. CTV will continue with its plans to cover some of the current NHL playoffs, but even this will be limited be cause of scheduling clashes ith Canadian teams on CBC. 3-0 lead while outshooting the Rangers 16-4 and missing two breakaway chances in Cap the first period, Larry Mel- ynk scored for the Rangers at 5:12 of the second . Due! blunted any hopes of a New York come back 1:34 later when a shot by Dave Christian bounced off goalie John Vanbiesb- rouck and appeared to go into the net of Duchesne's™ foot after he missed the puck in midair with his stick. After failing to score on five power plays, including two 6&3 advantages, the Capitals went ahead 5-1 on a The Capitals, who lost the first game of the series 4-3 in shots by the Rangers. Zoeller takes lead in golf tournament HILTON HEAD ISLAND, S.C. (AP) — Fuzzy Zoeller seattered seven birdies across his card in a wildly erratic 69 that provided him with a two-shot lead Satur. day after the third round of the $450,000 Sea Pines Her- itage Classic golf tourna ment Zoeller, tied for the lead on three separate occasions, took the lead alone with a string of four consecutive birdies that ended with a 12-15 foot putt on the 14th hole. He completed three trips ever the Harbour Town Golf Links in 205, eight shots under par. Dan Halidorson of Brandon Man., who led through the first two rounds, ballooned to a 76 — five over par — Saturday and slipped to a tie for sixth place at 210. Australian Greg Norman, trying to make amends for the last-hole lapse that cost him the Masters last week, was in a three-way tie for second at 207 with Chip Beck and Jay Haas. Norman had a 69 in the sunny and breezy weather. Beck shot 70 and Haas closed up with a bogey-free 66. Roger Maltbie was another stroke back at 70-208. 49 players, moving from a tie for 55th to a tie for sixth at 210 with Halldorson, Mike Sullivan and Don Pooley. “I was a different man to- day,” said Langer, who bir. died four of the last five holes and played the back nine in 30, “I don't know why. “That's probably the best round I've had this year.” Sullivan matched par 71. while Pooley slipped to a 75. Players By CasNews Staff Three hockey players from Castlegar were named to the Kootenay district under-17 team at a tryout camp held in Fruit vale last weekend. Travis Green and Dane Jackson, members of the 1985-86 Castlegar Rebels, and Lorne Kanigan, a Ban tam player, were among 20 West and East Kootenay players selected by district coaches and talent evalu ators at the Beaver Valley Arena. The Kootenay squad will TRAVIS GREEN named to team compete against five other provincial district rep teams in the B.C. Cup tournament beginning Thursday in Summeriand. In addition to the three Castlegar players selected, two were named from Nel. son, three from Trail and one each from Grand Forks and Beaver Valley The B.C. Cup tourna ment is part of the provin cial government's B.C. Best Ever Program which was instituted in 1984 The program was de signed to assist six winter DANE JACKSON named to district squad sports in preparation of projects which will en. hance the performance of athletes in high level sport ing events. These projects are designed to identify and train athletes capable of competing at a provin- cial, national and interna tional level. The overall objective of the Best Ever program is to increase the chances for athletes from B.C. te com pete on the Canadian team at the Calgary Olympics in 1988 with carry over ef- fects for the 1992 games.