as Castlegar News January 5, 1991 ————ar Stock market still profitable By PAUL LOONG The Canadian Press So_yow pulled out of the stock market months ago You've been watching safely from in North America and rumblings of war in the Persian Gulf Maybe you should pai yourself on the back. But unless stocks forever, her you've sworn off ment ex) quality growth stocks that are altrac- uvely priced. Some are cheaper now than they‘ve been for a long time. It takes guts 4 an economic cycle moves "* writes Robert Pierece of the tainty to fear to relief and, finally, to greed. “Tt is precisely at the time fear us at the greatest — a point thal us onl known in hindsight — thal investors y, by starting to buy Quality growth stock is the way to go now must buy. ensuring they are buying low John Bar, a professor of finance at the University of Windsor says: “What you really need confidence in is that the economy will come back people tend to lose rey in down markets." But perhaps most of all, an in- vestor must know how to tell what's @ quality growth stock and what's not. After all, a dog tends to remain a dog, so to speak, in either a bull or a bear market A quality growth stock is one that has consistently grown faster than its competitors and the economy over a used as a yardstick by Bart, who is president of Canadian Shareowners Association The profits of these companies JEWEL OF THE WEEK deluxe 14'x70' mobile dishwasher and rang: EsA OF THE WEEK Gi A three bedroom condo ARTER OF THE WEEK er fot N Costley oul - sonar monthly Michael’s Nuggets A must view Low $20s overlooking the Columbia River Excellent condition $52 900 st. bdem home with sundeck full retin ond Dow poymen MICHAEL KEREIFF 365-7825 365-2166 1761 Columbia Ave.. Castlegar, 8.C Coming Soon . . . See the Castlegar News of Wed. Jan. 16 New PERSONAL CHOICE Program F.,- the first time, Weight /atchers’ offers 3B new food plans in a breakthrough program. REGISTRATION PAY Ne 54. 35 Plus GS 1.( 50.65) TOTA $10.00 WEEKLY FEE tne ecenaeea nae Personal Reson Chace Progam fom Weg Wat etood ps canbe 3 sraced from it's the new E. priaiad aw & yOu wah - gigs | a pig Rt puts Pt n im day vy the Choxe 1s yours Call us about vs exciting new Wegptht Watchers, Join by January 31 at these convenient times and locations: Sandman Inn -Wed. 6:45 pm rom the very first Veuigad Watchers of Corcanen CD remain strong, but the prevailing gloom drags down their stock prices. Bart said people spend hi shopping for clothes or jewelry costing a few hundred dollars, and yet wouldn't spend 30 minutes studying a company's merits before investing thousands of dollars Often, it's because they don't know how to spend the time fruit- fully. Faced with an annual report, “they don't know what to do with the information,’’ Bart said in an in terview The non-profit association’s 5,000 members are taught to use @ stock selection guide that helps them plot a m trend lines show whether there has been consistent growth Investors still must exercise their judgment on whether the growth is likely to continue, but at least they have a track to work wit Other factors that should be con- o dicate whether the management has been doing a good job and whether a stock is attractively priced. ari ks on investing show how figures from an annual report can be used to do the necessary lati: ions. Bart cautions against trying to call growth stocks “so that you’ . pia tively dollar-cost averaging. ter what the market is rel wit The average works in your U But what if war breaks out in the Persian Gulf and throws stock markets into chaos? That would not necessarily hurt all stocks, Bart says Investors in a multinational ott company would be concerned about damage to the oil fields But for investors in a bread com- pany. for example, ''what happens in the gulf is probably not going to have a significam impact one way or another ‘ Bank rate dropping, inflation rising By LARRY WELSH OTTAWA (CP) — This will be the year of falling interest rates Bank of Montreal economist Lloyd Atkinson made chat prediction Utilicorp active in Kansas UniliCorp United has announ ced that its Kansas Public Service division has received an order the Kansas Corporation Commission authorizing it to in- crease gas rates by $1.1 million annually, or 7.$ per cent rate increase will be effective it January 1991 UuliCorp is the parent com- pany of West Kootenay Power The order is in response to a request filed on May 11, 1 seeking to increase gas rates by $1.6 million annually, or 11.) per cent. The increase is needed primarily to offset the costs of gas creased ope! tenance costs and provements. The average monthly bill of a residential customer using 10,000 Kansas City, UtiliCorp provides gas and elec- energy and utility related enter- prises. CLASSIFIED SHOWCASE This spore available for: CAMPERS * CHESTERFIELDS ETC.. ETC. Bring a photo, or bring the item & we'll take the fa (Average $18 Eoch) {Averoge $12 Eoch) {Average $8.67 Each) Cc tlégar N . Thursday as his bank cut prime rate and the Bank of Canada bank rate fell for the fifth week in a row to its lowest level in two years But the price for interest rate relief ‘The recession is more severe than anybody anticipated and the GST ts going to exacerbate that recession," said Doug Peters, chief economist at Toronto-Dominion Bank Prime rate fell at the Bank of Montreal to 12.5 per cent from 12 75 prime, a benchinark for a wide range of loan and deposit rates, and other major banks were not expected to immediately match the latest move The crucial Bank of Canada . rate fell more than expected Th sday to 11.5 per cent from 11 Rp per cent, the lowest level since January 1989. The drop followed interest rate declines in the Uhited States. purcha ® 3 blocks from Metrotown Shop- ping Centre * 140 spacious rooms * Restaurant/lounge * Close to kytrain © Meeting & banquet facilities * Air conditioned * King & queen beds * Kitchenettes * Heated outdoor pool Children under 16 stay FREE OF CHARGE in parents’ room Not valid with any other offer. Subject to availability and applicable taxes. Valid to June 1/91 RESERVATIONS: (604) 438-1383 5411 Kingsway. Burnaby |Vencouver) B.C —— HAVE YOU BEEN DRIVING FOR 30 YEARS OR MORE? We may be able to lower your auto insurance premium. We now have private insurance for mature drivers ASK US ABOUT IT! Castlegar Savings Insurance Agencies Ltd. C3 Castlegar Slocan Park 601-18th Street wy. Castlegar, B.C. Slocon Park, B.C. 365-3348 226-7216 Zell Castlégar News SPORTS For the best mo there's no place like home. gag Kootenay Savin options, Savings Perehudoffandcompany Rebels need wins go for three ina row By STEVE PEDEN Staff Writer Bill Perehudoff and company are going after their fenay regional title in the third consecutive West Koo Senior Mens District Playdowns Starting at 10 a.m. toda Club, last year's feat when the opponunity presents itself,"" skipper of the only local rink contending. “If you can that’s usually what score at the opportune moment, makes the difference." Last year Perrehudoffs team the A-side at the Castlegar Curling also 10 teams from around the regton stop Perehudoff and teammates Lorne Trick second Ron Belton; and lead Lloyd Ish, from repeating needed a playoff game to clinch the regional championship. After losing final to Fruitvale’s John Merkly, the local squad went on to win the B side, forcing a playoff game — Perehudoff and company won the playoff match and went to Smithers, the sight of the Interior playdowns last year kl the Nelson rink will be out to ey third; Merkly will be present al playdowns and he'll be out for bl . Joining the fight this year for regional supremacy is year's held in Creston and Perehudoff knows that consistency ¢ key factor if his squad wishes to repeat as this year’s regional skipped by George Beaudry, Beaudry carries — impressive credentials, one being an ap the senior natio the Jimn Ured rink of Winnipeg. One more name to watch ad is Paolone. Paolone is a former Interi ims are so equal that you have to capitalize For this said Perehudoff, jonals — won't last year by Trail’s John Pp regional winner, vibe Interiors will be In other curling per) the Castlegar C = Club $1,000 firs Johnson held it's annual cash spiel Dec. 29. The winner of the t-prize was persian rink skipped io Kelly Despite Perehudoff's rink exiting during the quarter ed al the tournament a & warmup to [this weekend's challenge By STEVE PEDEN Staff Writer Minus their top point-getter David Green, who left for Penticton, the Castlegar Rebels ol take their show into Elk Valley toni The club is ae 1o get two ints and one step closer to fourth- place Grand Forks Currently, the Border Bruins have a 10-point lead on the Rebels “We've got to go in there and play our game,” ave Cammoc 6 minutes for one thing: lume we play these guys (Elk Valley — we played about half sake: Rebel’s general manager and acting coach for this weekend's two games, said aggressive forechecking could be the solution for a much-needed two points and a chance to keep the team's playoff hopes alive. One of the newest addifion ms, Kar- sten Senekoldi, formerly with the Beaver Valley Nite Hawks, will provide Joice with size and speed up front, ‘*he's a real digger this one," Joice sax One other who will make his debur this weekend in a Rebel jerscy is Rob Meusselman, just cut by the Quesnel Millionaires. This is another forward Joice is counting on 10 use the body ind score some goals In the first three meetings between the Raiders and the Rebels, a win has favored the locals and the other Wo resulted in ties. The Raiders will be the second game this weekend for the local side Yesterday the Rebels played the Gretzky reaches 700 plateau UNIONDALE. N.Y (AP) Wayne Gretzky. the NHL's all-time hen the fourth player league history to score 700 goals WAYNE GRETZKY wants 800 plus Gretzky got his 700th by backhan ding Brian Benning's pass behind goaltender Glenn Healy at 11:48 of Islanders at the N was his 117th goal with the Kings af- Smart on top VANCOUVER (CP) — Freestyle skier John Smart wants to begin 1991 where he left off in 1990 — as king of the hill Lack of snow cancelled the final World Cup mogul! match of the year in Italy, meaning his next chance to leap before the judges will come when the circuit resumes Jan. 11-13 on Blackcomb Mountain at Whistler, B.C “In Zermatt | knew there w: good chance the ev ent would be cance! said Smart, of Lions Bay, just north of Vancouver. “lt was important to do well in that event, knowing my next com- petition would be so close to home at Blackcomb. It was a great way to end the year, on a high note after a disappointing start to the season Lindros, The ted Lindros into the room, "He wea Grated by the so-footfv, 20-pound be hour after Canada ier sconng 583 in nine seasons with the Edmonton Oilers The goal was Gretzky's 23rd of the a He added No 24 and 25 carly in the second period to complete his NHL-record 47th game with three or more goals, He beat Healy with a rising slapshot from the left circle at 5-09, then tapped from Tomas Sandstrom at 7:14 . the man Gretzky Phil Esposito is third with 717. Gret- zky holds the single-season record for goals with 92, set in Gretaky passed mark earlier this season Lemieux is back PITTSBURGH (CP) — Mano Lemieux, whose recovery from back problems has gone better than ex ted, plans to resume practising with the Pittsburgh Penguins on Mon- Lemieux skated with his team- mates for an hour Wednesday — the longest he has been on the ice since September — to resume playing after ihe Jan. 19 NHL di star gam apse is overweight and out of shape after months of inactivity, but his teammates said the two-time NHL scoring cham ion is moving well and appears “Tt doesn't look tke t he’ s having any pain or problems at all,"" said Lemicux's “He's moving around pretty well." Lemicux missed 21 of the Penguins’ final 22 games last season with a herniated disc, which required surgery July 11. Two months later, after training camp began, doctors discovered a bone infection that kept him bed- ridden ol = weeks. He has not played th Penguins co coach Bob Johnson guess when Lemicux can resume playing. “He's only going 50 per cenit," ohnson said. ‘‘He hasn't fired a = hard, hasn't taken a full ride. beat Finland $-! at the cs Ned, Late niet ne sei 8 wok, sveren to themseive. tion. “You've got to look at ik poskivey,” sald Lindros. of influence to wie faa eae Med te a bo booed. world Jualor chemplonship To some extent, the a has been The Lin- key t Wearing 8 colorfel tie and s Team Canada Jacket, Bric Lindros step epped half an GOING BY CLAY btthe veri Wednesday at the S$ Alumal Tom | Thor-Larssen tries ta go around Dan Kooznetsolf, one of the shea; on this year's |. The Alumal won “_ game [rls beat the alumni 42-32 In thelr eich. Both games took gymnasium. Press list NFL all stars NEW YORK (AP) — Bruce Smith and Derrick Thomas, the NFL's top sackers, Jerry Rice, leading receiver, and B. the No. | rusher, were named to The Associated Press all-pro team Thur- sday Smith, the pass-rushing defensive end of the Buffalo Bills, trailed Thomas, the star second-year runaway leaders at their position in voting by a panel of 80 sports writers and broadcasters who cover the FL Rice, the fourth player in league history to catch at least 100 passes in a season, had exactly that number for the San Franciso 49ers, good for and 13 touchdowns. He led all players with 78 votes. Smith was right behind at 77. Joining Rice on the all-pro team from the defending champion 49ers were quarterback Joe Montana, out- ide linebacker Charles Haley and sro Ronnie Lott. Detroit's Sanders, who won the tashing title with 1,304 yards and a WEEKEND FEATURE league-high 16 TDs, was paired in the backfield with Thurman Thomas of Buffalo. They casily ou the rest of a group of runners who had strong seasons ontana, who led the 49ers to a 14-2 record, the best in the league, was voted the all-pro quarterback for the third time. Also an the offensive team were receiver Andre Rison of Atlanta, light end Philadelphia, | Hull of Buffalo, placekicker Nick Lowery of Kansas City and kick returner Mel Gray of Detroit The defensive team also had end Reggie White and tackle Jerome Brown of Philadelphia, nose tackle Michael Dean Perry of Cleveland, inside linebackers Pepper Johnson of the New York Giants and John Of. ferdah! of Miami, cornerbacks Rod Woodson of Pittsburgh and Albert Lewis of Kansas City, safety Joey a a coming-out party for hockey’s next superstar, But don’t tell him ne ss iicareuas wemeament, this is Canada's tournament,"’ Lindros snap- ped at a reporter asking about the pressure of having all eyes on him. A native of Ont., Lindros been dubbed the NHL's next franchise — pronounced LIN-dross — has yer. It is said he will make an im- pact measurable only against the likes of Lemieux, Wayne Gretzky or Mark Messier. He’s like none of them in playing style, really, con eRe ee difference that he can make a in a game all by himeif. Lindros does not pent rests wary with the puck. He is not as But his combination of size, e, quick skating and soft hands makes him a super offensive threat. He also has a mean strike, applies punishing hits and Browner of Minnesota and punter Sean Landeta of the New York Gian- Ss San Francisco 9 with four all-pro id Philadelphia had three players apiece, while Minnesota, Detroit and the Giants had two each There were 12 repeaters from last season's team — Montana, Jackson, Munoz, Lachey, Matthews, Sanders, White, Perry, Lewis, Lor and Landet Notably missing from the team were Warren Moon, Mike Singletary and Lawrence Taylor, all of whom oon led the with 4,689 and had a league-high 33 touchdown passes operating Houston's run-and- shoot. Sing! was On six previous teams and Taylor had made it defence. first-timers were Brown, Dernck Thomas, Johnson and Offerdah! hosting Columbia Valley Rockies, th c's top team. The result of this game was not available al press men MacLeod who was aaa with a shoulder injury will return to the lineup. But, Rick Crowe will still be out duc to his leg injury Starting between the pipes this weekend for the Rebels will be Lorin Healy Realty soley in first By CasNews Staff Toby Reichert and Wayne McAr- thy led Castlegar Realty with 19 and 16 points respectively as the local third spot with a 2-4 r Responding for Victorle Wed nesday cvening at Cominco gym nasium were Chad Coupland and . both with 18 points the other maichup Smelter Pub, 4-2, yers. Despite the lack of numbers, both teams deaded to play and as a result Brian Dawson and Jonathan Brown were ejected from the game and will receive @ one-game suspension and a fine for fighting. Shell edge out a win By CasNews Staff li was a high-scoring affair in the Castlegar Recreational Hockey League's first game after the Christ- mas break, as W Park Sheil went on to beat High Arrow 9-8, Third-place Shell managed to pull with one point of second-place High Arrow with the victory Thursday at the Community Complex. Starting the scoring was Shell's Dave Rugg, less than three minutes into the game. Rugg would go on to score four goals, his fourth being the game winner Shell went up by two when Dan the first on Tom Frauley's first of two. But with only four seconds left in the first, Rugg’s second goal would put Shell up by two again. The seco donged to Arrow as the club scored six times without a response by Shell. Frank Costa, Kelly Keraiff with two, Jeff Townsend, Frauley's second and Dave Terhune gave Shell a 63 lead going into the third. As with the second, so was the third a one-sided affair. Shell out- scored High Arrow 5-1. Rugg notched his third and fourth of the game, while teammates John Obetkoff, Dean MacKinnon and Ross Berkicy added singles lone response for High Arrow in the third was by George Roberts. o the tourney and future NHL scouts and general managers say they're not _ sure what they'd be getting win aye — all they know is they want h Ni se nil chem comeulely tan Woe Raquel ncatrna ink AN to an NHL rookie. He already has endorsement deals that make him the highest-paid junior player in history. Lindros been up and down in the tournament. In some games he has dominated; in others he has after being held has shown only flashes, against a fact he seemed to scoreless Finland. “There's a lot of games that I've shown glimpses of what | can do,” he ‘On Wednesday, he , scoring once and set- played perhaps his best game up three other goals. But Canada feil 6-5 Thursday to Czechoslovakia, ail ting but ending its gold-medal hopes. __Lindros’s jet-black hair frames a handsome face. He's also smart — he’s ‘ at York University in Toronto. of a bu: There is & lot to Lindros. _ Still growing, ing, b's completed tenga