as _Castlégar News July 19, 1989 | BUSINESS SS LT service club. RETURN OF INVESTMENT Kiwanis Club demolition derby chairman Jack Larsen (right) accepts a $1,000 donation from pened =m Cement Products owner Elmo Serraro. The Kiwanis rented land at the industrial park from Korpack for the May derby and the company has donated the funds back to the Small business jittery in face of slowdown CP News Analysis By LARRY WELSH OTTAWA (CP) The chill winds ~ of recession are starting to swirl around corner stores, small construc tion contractors and clothing stores in the local mall Small businesses, generally the first victims in a serious economic down Kerkhoff sells 10 per cent VANCOUVER (CP) A Hong Kong development company has acquired a 10-per-cent stake in a Van couver-based real estate development and manufacturing company for about $1 million Hon Kwok Land Investment Co. ot Hong Kong acquired the interest in Kerkhoff Industries through its wholly owned subsidiary, Hawthorne Securities Ltd., company president Bill Kerkhoff said. The Kerkhoff family maintains a controlling interest in Kerkhoff In dustries Hon Kwok is a publicly listed property development and investment company ‘with assets of about $150 million Kerkhoff Industries Inc. became known in the mid-1980s for using non unionized labor on major contracts for the Expo 86 and Coquihalla Highway Projects. turn, are beginning to shiver in the face of slumping sales, high interest rates and federal and provincial tax in creases “There is a slowdown in small Bulloch, president of the 82,000-member Canadian Federation of Independent Business. business,"’ said John He estimates sales for small business have dropped 10 to 20 per cent across the board from last year's high levels “And there is a kind of apprehen sion around the country about what is going to happen by the fall Most economic indicators suggest the economy has shrugged off high in terest rates so far Unemployment fell in June to 7.3 per cent, its lowest level in almost eight years. Inflation climbed last month to 5.4 per cent, the highest level in more than five years, while businesses in vested in new equipment and machinery at a record pace. But there are growing signs the high cost of borrowing money is taking a bite out of the economy, and small business is getting hurt Housing starts, an important signal for future growth, have dropped to an annual rate of 190,000 in May and June from 230,000 in January Each new house under construction generates thousands of dollars~of economic activity, mostly for small firms. Carpenters and plumbers get wages, suppliers sell wood and fur niture stores sell appliances. SALES SLUMP Car sales and retail sales have also slumped this year, sending more shock waves through the economy “Small businesses are right on the front line, they feel a slowdown right away," Bulloch said. The next few weeks will probably tell whether the economy is teetering on the edge of small businesses wait anxiously for lower in terest rates “They're looking for interest rate relief by September, and if they see that, I think we will be quite appehen. sive,”’ said Bulloch Most small businesses run on razor recession as thin profit margins, relying on costly bank loans to carry their inventories and keep cash pumping through the till, The prime lending rate at major banks has climbed" four percentage points since spring 1988 to 13.5 per cent, and many small firms pay a good deal more for their operating loans. **With a 15-per-cent cost of money, it’s pretty hard to make a living,” Bulloch added. The federation, recognizing the growing pessimism among small firms, is starting a special cross-country telephone survey to track business ac tivity “We think thisisa tricky time.”” The central bank's policy of keeping interest rates high to slow the economy and check inflation is exacting an uneven toll across Canada Ontario, Quebec and British Columbia are still enjoying a rel&tively robust growth, while other regions are slowing sharply “There is more bitterness about in: terest rate policies in the Atlantic provinces and the Prairies," Bulloch said Walking Bathtub Grab Bars All lengths ond typ Bothtub Bench To Buy or Rent Wheelchair Safeguard pushbutton Aluminum Crutches It's easy Walker. You'll have a new lease on life. You now will be able to walk with satisfactory speed gnd, with the brakes on the Able Walker, you'll feel confident. 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Loans and guarantees issued to business people in British Columbia RESIDENTIAL PAINTING —.FREE ESTIMATES — FALCON PAINTING ~< DECORATING 365-3563 © INSURED ® LICENCED @ CERTIFIED and the Yukon to $171.5 million, a news release from the FBDB says. The business entrepreneurs to whom the bank issued its loans and guaran tees during the year employed 55,000 people when they received financing and expected to create 8,000 new jobs as a result of FBDB support. Some 78 per cent of them had 10 employees or less, the release says. The FBDB’s Loans Division recor ded a small profit of $2.6 million and its Venture Capital Division generated $8.5 million in profit as the result of a large divestiture. The bank's portfolio of loans and “guarantees reached a record high level of $2.44 billion at year-end while its portfolio of invest ments amounted to $51.7 million at cost. Outstanding loans and guaran tees in. British Columbia and the Yukon rose by 2.3 per cent to $534.5 million, the release says. See CasNews Wed., July 19 edition for details on super buys! Colville's 21st Annual SIDEWALK ALE Thursday thru Sunday JULY 20 Thru 23 in Colville, Wash. regional general manager, British Columbia and Yukon region indicates that, in the southern district, $52,314,000 in loans and guarantees went to local businesses while some 3,296 people used the bank's business seminars, information and CASE counselling services. The southern district. comprises branches in New Westminster, Langley, Kelowna, Cranbrook and Vernon. The Cran brook branch serves the West Koojenay In the corporation's annual report, FBDB president Guy Lavigueur points out that the bank~—also provided seminars, business management cour ses, information, counselling and y) You and Your Family planning services for more than 200,000 entrepreneurs during the last fiscal year Over 62,000 attended FBDB’s full and half-day seminars and workshops while 9,000 sought counselling and planning assistance. . .,"" he said The Federal Business Development Bank is a Crown corporation that promotes the creation and develop ment of businesses in Canada, especially small and medium-sized businesses. It provides term loans and loan guarantees, venture capital, and a broad range of management training counselling and planning services. 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July 19, 1989 Castlégar News PORTS Talk to us today. 5 Savi Where You Belong CARRY A BIG STICK . . . Castlegar's Ron Pe will be aiming for the top as the B.C. Amateur Championships begin today. TOURNEY STARTS TODAY Amateur draws best By GUY BERTRAND Staff Writer Home field advantage can often be a deciding factor in sporting events and golfers in the CastlegaP district are hoping the adage holds true for the upcoming B.C Amateur Golf Championships. The Castlegar and Birchbank courses will host 165 golfers for the four-day tournament which begins today and runs until Saturday with the final round in Castlegar Although most of the local golfers agree that their knowledge ofthe Castlegar course proven by his two Sun flower Open titles and a second-place finish in the last three years. The 36-year-old vice-principal at L.V. Rogers high school in Nelson hopes to top his best B.C. Amateur finish He thinks playing the local courses could be a ‘two: shot advantage." Although reluctant to make any predic tions, hé said, ‘I’m shooting for the top four and I think I have a good chance.” They're back By CasNews Staff The year was 1980, a fully loaded Corvette went for $17,000, Billy Joel topped the pop charts and Doug Roxburgh was in the running for the B.C. Amateur Golf Championship at the Castlegar Golf Course Some things never change. Roxburgh has returned to Castlegar’s Bill Perehudoff isn’t quite as optimistic. Even though he shot a Castlegar course record 66 at the club’s championships he thinks a Kootenay golfer taking the title would be ‘along shot He said golfers like tourney favorite Doug Roxburgh play 12 months of the year. But any thoughts of him repeating his incredible 66 would be ‘really hard to say “The winner will have to shoot under par for all four days with maybe a five- or six-under par taking the honors."” He agrees the local course knowledge helps, but hé points out that all the golfers here for the tourney are very good. Although course knowledge will benefit, there will be a few changes that golfers won't be able to foresee. The British Columbia Golf Association will determine the pin which was sixth place, ‘tin my younger days,’ he says He agrees knowing the course provides an edge “There is no doubt it will help get a shot here and there."” DeBiaso may need the help — he hasn't had much time to work on his game while he has been attending Gonzaga University in Spokane, Wash., working on his master’s degree While DeBiaso has been away from the links, Dan Dupuis has been around the country swinging his clubs. The Genelle resident, who finished second to DeBiaso in the qualifying tournament, recently returned from Manitoba where he competed in the Canadian Club Professional C andthe Open: ties him for the record also be making a return appearance. the returning locals is Allan DeFoe of ! the Castlegar area for yet another shot at’a title he has virtually owned. He has nine B.C. Amateur titles which However, Roxburgh isn’t the only name returning from the 1980 championship. A host of local golfers will From Castlegar, Bill Perehudoff and Danny and Gordie Walker are back. Brian DeBiaso from Nelson also competed in the 1980 tournament Danny Walker posted the best performance by an area golfer in 1980 as he finished third behind Roxburgh and overall winner Sandy Harper of Nanaimo. Rounding out ssland-Trail golf club Riders run over Lions in victory VANCOUVER (CP) Tom Burgess must have felt a bit like an ar mchair quarterback Tuesday night The Saskatchewan Roughrider pivot exchanged a comfortable couch for a dependable offensive line and picked apart the B.C. Lions defence as easy as slipping a finger in the pull tab of abeer can. “| was very comfortable,””_Burgess said after firing five touchdown passes in a 42-37 Canadian Football League victory “1 had a good feeling about what they were doing to us. They didn’t stop our offence all night. We had a good rushing game and that makes it easy for the quarterback to call plays.” But the Riders also had a sense of adventure as they won their second heart-stopper in a row to start the CFL season. They beat the Calgary Stam peders 32-29 last week B.C. quarterback Matt Dunigan got the Lions’ offence untracked, after a sluggish start against the Edmonton Fskimos, with four touchdown passes of his own. David Williams, who caught three of them, dropped a Dunigan toss near the goal line in the final minute to allow the Riders to survive Williams also dropped one in the end zone while catching | 1 throws fora game-high 147 receiving yards “We need a lot better effort from everybody,"” sdid Williams, the CFL’s most valuable player in 1988. “Some of the-people that are not playing too hard had better get their asses-out of the lineup Wide receiver Don Narcisse took advantage of going against B.C. cor- nerback Marcus Thomas in single coverage. He grabbed two Burgess scoring strikes in the first half as the Roughriders took an 18-14 lead to the dressing room before 41,472 fans. Ray Elgaard and Jeff Fairholm caught passes of 38 and 32 yards for major scores in the second half. But the Lions defence were surprised by Bobby Jurasin, who left his defensive end spot to catch another pass for 39 yards “He’s not a defensive eridj he’s a heck of a football player,”’ Burgess said of Jurasin “He's a tight end. He’sa linebacker He's everything. Bobby’s a heck of a football player who can do everything forus."* Dave Ridgway completed the Saskatchewan attack with field goals of 28 and 22 yards, five converts and @ single Eric Streater gathered in the other B.C. touchdown pass, while Anthony Parker scored the only six-pointer of the game on the ground with a three: yard run. Kicker Lui Passaglia added four converts and a 34-yard field goal Blyleven blanks Blue TORONTO (CP) When two premier pitchers tangle in a duel, one pitch usually decides the game. Wally Joyner dispatched that pitch, a hanging curve on a 0-2 count from Toronto’s Jimmy Key, into the SkyDome’s second deck on Tuesday night The sixth-inning homer, Joyner’s fourth, was all that Bert Blyleven needed in the California Angels’s 1-0 win over the Blue Jays The timely victory terminated the Angels’ five-game losing streak, keeping them in a first-place tie with the Oakland Athletics in thé American League West. Toronto, scheduled to embark this afternoon for Seattle where an 11 game road trip begins Friday, lost its third game in the last 11. Coupled with Baltimore Orioles’s 4-3 victory over the Seattle Mariners, the Blue Jays fell 8 games behind the AL East leaders. Blyleven, 10-2, recorded his 57th career shutout to move past Bob Gib- sen and-Nolan Ryan on the all-time list ‘It’s nice to be in the same category as those guys,” the big right-hander said. ‘‘One (Gibson) is in the Hall of Fame and the other is headed for it.” Both pitchers allowed just five hits, but only one Blue-Jay got as far as second base — Rance Mulliniks led off the eighth inning with a single and pin chrunner Tom Lawless stole second Blyleven struck out Manny Lee for the second time and retired Junior Felix and Tony Fernandez on fly balls. Fred McGriff hit a Blyleven curve to the warning track in the seventh, but the ball died for an out “Luck was on my side tonight,.not Jimmy Key’s,”” said Blyleven, who won his sixth straight decision. “It was probably one of my better performances of the year.”* Key, 7-10, has lost four straight and eight of the last nine decisions, but took solace in the outing. “It was a good thing to know when I was standing out there in the ninth in- ning that I'd given up just one run,”’ Key said. ‘‘That hasn't happened to me ina longtime Jays Notes: Junior Fetix had his hit ting streak ended at 10 games George Bell who flew to the warning track in the ninth, had his seven-game hit streak come to an end . . . Two of the three pitchers involved in the Mark Langston trade with the Expos are scheduled to face Toronto in Seattle this weekend: Gene Harris on Friday and Randy Johnson on Sunday Tom Lawless. stole his ninth base without being caught Toronto outrighted pitcher Xavier Hernandez to Class AAA Syracuse and activated right-hander Frank Wills of the disabled list. AND THEY'RE OFF . . m team field. . Jason Bezaire, of the Robson River Otters, gets a backstroke at last weekend Colville swim meet. Robson finish ood start in the 100- seventh in the I1- and tee box placements for each hole on both courses Castlegar’s club pro, Denny McArthur, said tne placements should be, ‘‘easy for the first two founds. “But after the major cut they will tougheb it up. Birchbank club pro, Sandy Kurceba, said they were not doing anything special for the upcoming tourney “All we can do is make sure the course is immaculate so the players can shoot some low scores.”” Other local golfers playing in the tournament include Danny Walker, Gordie Walker, Ron Perrier and lan Lorimer, all from Castlegar DeFoe and Al Jensen will be here from the Rossland-Trail Derrick Simister, Allan Otters in Colville The Robson River Otters swim club sent a team of 15 to the Colville swim meet last weekend to mark the halfway point of the 1989 season. Competitors up to and including eighth place. were honored as they swam in an eight-lane 25-metre pool. River Otters receiving aggregate recognition were Division One's Kristy Verigin taking a silver and setting a new pool record in the $0-metre breast- stroke with a time of 53.23 seconds. Div. Three had Kim Verigin who also took a silver and set,a new pool record in the S0-metre freestyle by three seconds with a time of 30.92 seconds. More contenders honored were Novice Clayton Brown, Div. Four Jan Holden and Heather Sutherland. Div. Six had Ariel McDowell, Tammy Bezaire and Scott Sutherland and in Div. Seven coach Curt Ready. Next weekend the River Otters will be scattered between three separate events. Scott Sutherland and Lee Holden both qualified for the B.C Summer Games in Surrey and the rest of the team will be split to compete in the Castlegar and Salmon Arm swim meets. , Braves rebound from deficit MONTREAL (CP) — The wind and rain caused problems Tuesday night at the Olympic Stadium, but it was Atlan. ta relievers who took the wind out of the Montreal Expos sails. The Expos squandered a six-run lead and lost 7-6 to the Braves in a game delayed almost two hours by rain Weather forecasters had predicted only a 10- to 15-per-cent chance of rain prior to game time. So when it started to shower 30 minutes before the game, stadium officials got caught with-theit roof up. And, it was too windy — beyond the acceptable limit of 30 kilometres an hour — to lower the canopy for fear of causing a tear. Still a crowd of 26,259 remained to watch Dennis Martinez go for his 10th straight victory. The Expos had seven hits in the second inning, with Tim Wallach’s two-run double, a double by Mike Fit zgerald, a two-run single by Andres Galarraga and Tim Raines’s single producing runs off starter Pete Smith and staking Montreal to a 6-0 lead. “*I thought that six runs was just the start,” said Expos manager Buck Rodgers. But the Braves relief corps, starting with Paul Assenmacher and ending with Joe Boever, who worked the ninth and struck out Tom Foley with the tying run at second base for his 16th save, did not allow an Expo beyond second after the explosive second in. ning. NARROWED GAP Martinez yielded only two hits until the Braves used a two-run triple by Oddibe McDowell and an RBI single by Lonnie Smith to creep within 6-3 in the sixth. “L thought that was a routine fly ball by Smith, but then it dipped like a knuckleball and was impossible to cat- ch,” Rodgers said. ‘I thought we were out of the inning until that happened “Dennis was still strong, that’s why we sent him out there in the seventh ‘He had as good stuff tonight as he’s Russell driving inja run, chased Mar- tinez with one outin the seventh. Steve Frey then allowed a pinch-hit, RBI single by Jeff Blauser. A strikeout and a walk later, Frey left in favor of Andy McGaffigan, who was greeted by Smith’s single through the pitcher's mound, which brought in two runs and Frey, 3-1 “‘He’s been 40-60 per cent of our of- fence all year long,” Braves manager Russ Nixon said of Smith. Expo notes: Right fielder Hubie Brooks, bothered off and on by a hyperextended right knee, was scrat ched from the lineup . . . Raines’s first had in his last foursstarts."” But three singles, with a hit by John , Mark Eichhorn, made it 7-6. The hit made a winner of 2-2, and a loser of inning single stretched his hitting 2. streak to 10 games. Rallies ignite teams By GUY BERTRAND Staff Writer Rallies proved to be the spark that led teams to victory in the two Castlegar Commercial Fastball League games this week Monday, tu-Dor Sports scored three runs in the third inning and held on to defeat Banjos Pub 3-0 despite playing with only eight players. Last night Banjos turned it around as they put together a rally of their own handing Labatts only its fourth loss of the season with a three-run fifth in- ning to take a 3-1 win. BANJOS PUB3 LABATTS 1 Banjos could only muster four hits off Labatts pitcher Rod Gretchen but picked up three runs, all in the fifth in- ning for the win, Both teams played it close to the vest for the first four innings but one Labatts error, two hit batsmen and a base hit by Clay Liber spotted Banjos three runs. Labatts got one of those runs back in the sixth as Bob Essaunce scored, but Banjos hurler Eli Soukeroff tightened things up as he allowed six hits for the victory. Essaunce went 2 for 3 to help Labatts while Liber also went 2 for 3 for Banjos. TU-DOR SPORTS 3 BANJOS PUBO Eight was enough for Tu-Dor as they played shor thanded but came out on the long end of the score as they downed Banjos 3-0 Monday night at Kinnaird Park. Cam Sookro provided the offence and defence for Tu- Dor. He allowed only two hits and scored the winning run to help his team to victory. Sookro started the third-inning rally by drawing a walk. Bob Marsh followed Sookro and reached first on an error. Then Tony Kabatoff stroked a single to score two runs. Another Banjos miscue came back to haunt them as Ed Strelaeff scored and the score stood at 3-0. That’s all the scoring they needed as Sookro did the job on the mound and Steve Podmorov and Kabatoff chased down flyballs in the two-man outfield. Rob Gret chen allowed only five hits while taking the loss for Banjos. The Salmg ball park played host to the CCFL on Sun: day as games postponed earlier in the season were finally played out. The result was a day full of action for the fans as four games were held. Labatts proved to be the major benefactor of the rescheduled games as they won both their games and assured themselves of the CCFL title. Hi Arrow grabbed one win in its three games while Banjos Pub con- tinued to struggle, dropping two out of three matches. LABATTS 9 HI ARROW 8 Despite the 20-point gap separating last-place Hi Arrow and first-place Labatts on Sunday the two teams slugged it out as if the title was on the line. The result was a nine-inning marathon which ended when Labatts shortstop Gretchen scored on an error to lift his team to a 9-8 victory Hi Arrow held an 8-6 advantage going into the seventh inning but couldn't contain a Labatts rally which yielded two runs and forced extra innings. Wayne Kuzyk, who went 3 for 4, and J6e Tarasoff, who was 4 for 5, scored the two crucial runs to keep Labatts’ hopes alive. continued on pege B2