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Rifles in bank Steve Bosley president of the Bank of Boulder in Boulder Colo holds one of the Weatherby rifles his bank gives away In promoting time deposits at the independent financial institution Bosley says the bank has given away more than 850 Weatherby rifles adn added $2 million in noninterest bearing savings deposits with the rifle promotion AP Photo Company president Victor second quarter that ended April 30 the company reported Tues day All of the loss resulted from charges related to translation of foreigncurrency financial statements into US dollars Rice said the firm appears to be recovering from the loss of $257 million in the fiscal year preceding Oct 31 1978 The firstquarter report this year showed profit of $127 million after foreignexchange gain Tractor company loses more than $4 million TORONTO CP Massey Hetore these the company Ferguson Ltd of Toronto lost earnedaPF0l1t0f$61000 $42 million US during the of $255 million North American sales in the second quarter were $222 mil lion an increase of three per cent Latin American sales $107 million were up 26 per cent from the depressed level of 1978 European sales of $336 million were down five per cent bright orange babies of the ri ht oran sea vessels Vancouver buses making splash VANCOUVER CP The citys transit system will be two Commters Anothgr look Why dont communists By DOUGLAS GREEN WOOD like being called Communists Or Socialists Same thing fair question should think First though all those who think anybody who exposes Communists for what they are is some kind of threat to the human race be warned What you read may be dangerous to your mental health For example comrade let me give you free character outline Incidentally the true pronounciation of that word is comraid not rad it was not until after its Russian form of Komrad as salute that the changed pronouncia tion was sneaked into Western culture in the twenties and thirties by Hollywood Communists and radio commentators of the same ilk Whats that Comrade Im beginning to sound like Senator McCarthy wondered how soon youd say that But lets get out of this parenthesis So heres your brief profile Mr Communist You are either campus intellectual or trade unionist As student you were probably member of any one or several Communistfront organizations of which there are hundreds such as the World Youth Congress na tional Student Union the Civil Liberties Union the League for Industrial Democracy that virteally spawned the Na tional Education Association that is working for complete control of children through its influential power in for ex ample human relations courses and so on You might have even visited Russia as representative of some left wing group You will have supported many activist causes such as civilright protests antiwar antinuclear anti Rhodesia or South Africa movements and so on You never of course raise your voice against the unspeakable atrocities committed by black terrorists or in protest against Cambodian genocide by the Communist govem ment or against Castros prisoncamp called Cuba In short you think breath and act as dedicated Com munist You weep largen salty tears for the plight of the unemployed and the oppressed masses and so on until you sound like winner of the Nobel Prize for allround kindliness charity and Godliness But do you ever whisper syllable about the plight of millions of Russian and Chinese slaves languishing in prison camps Not if you can help it you dont So Mr CommunistoftheFreeWest about the only thing you may not possess as such is Party card You may even have one for all know So lets face it you are real dyed inthewool not just printedon Communist All right Fine As we say in the West its free country Youre entitled to your belief It may be stupid belief in my opinion But fair enough for better or for worse till death do us equalize we believe what we believe You think youre right think Im ri ht iut now comes the question that puzzles the heck out of me When ask you publicly whether youre Communist you nearly blow your top with rage Your voice gets squeakier and squeakier You look at me as if Im some kind of plague virus You might even threaten me with slander or libel suit if youre an idiot that is because thats the last thing your nonidiot masters would want But you get my point do you not If you believe and act as Com munist why do you resent being called one Dont bother to answer Its because you dont want to be exposed Thats the one thing that subversives fear most exposure And you are working hard as good little subver sive arent you Yes Comrad you are indeed In govem ments school boards newspapers the CBC trade union locals The big difference between you and Conservative for example is that you fear exposure while working to tear down from within Conservative is only too happy to declare his conservatism while he works openly to build better world as he sees it Somewhere theres moral it seems to me think its one about wolf in sheeps clothing or something years old next month and theyve made big splash with The infants are catamaran passenger ferries called Sea Bus which began service June 17 1977 and their design has attracted worldwide attention in the transit industry The Wpassenger ferries op erated by British Columbia Hydro have proven popular with commuters carrying an estimated 64 million persons 35 kilometres across Burrard Inlet between residential North Vancouver and the downtown business district The ferry system was estab lished in 1974 by the former New Democratic Party govem ment to ease traffic on buses and two major bridges In more than 70000 crossings the two ferries have never missed scheduled trip for mechanical reasons The 35metrelong vessels Burrard Beaver and Burrard Otter offer 15minute serv ice across the harbor Monday through Saturday with half hour frequencies evenings Sunlt days and holidays CREW SMALL The doubleend design allows them to travel with speed and manoeuvrability in either direction avoiding costly tum around time and risk of acci dent Each vessel has crew of four master mate and two attendants Hydro says two elements of the SeaBus system closed the examiner saggy Maya5 7197779 750 circuit television security and an automatic selfservice fare box are the first of their kind in Canada The fare box issues piece of paper similar to bus transfer but with the amount paid in scribed on the back This pro vides passengers with journey and free connecting ride on land bus If passenger boards land bus first the regular transfer can be used as ticket on the Sea Bus The design of the vessels and terminals follows rail transit principles allowing passengers to board and alight quickly Hydro says up to 400 passesv ngers can leave and another 400 embark within 90 seconds Each Seartius has six sets of poweroperated double doors for simultaneous unloading on one side and loading on the other The terminals are floating modules of ore stressed rein forced concrete supporting modern metal buildings which are fully automated If the lch minals did not float Hydro says the difference in water levels at high and low tides would create considerable problems Also adjacent to the North Vancouver terminal is bus loop into which all connecting North Shore buses travel to meet passengers heading to or from the SeaHus Better business head believes in arbitration without courts TORONTO CP The new head of the Better Business Bu reau of Canada believes firmly that consumer claims against company can be legally arbi trated free without resort ing to the courts or govern ment Dan MacDonald who has been setting up an arbitration program for bureaus across Canada said Tuesday it had long been contended that such claims could not succeed in Canada But working with Buffalo NY bureau lawyer who had conducted studies of statutes across Canada MacDonald found that the laws in the United States and Canada are similar He said any decision made by an arbitration panel on con sumer claims has the same value and standing as one made by court MacDonald 32 also head of the Hamilton bureau wrote manuals to help train people to become arbitrators for various jurisdictions Lawyers teachers clergy men retired businessmen and others are taking the courses to become arbitrators he said He said governments busi ness lawyers and consumers are welcoming this approach and he intends to have the hu reau jump into it with both feet Officially MacDonald Loblaws man feels TORONTO CP feel like kid in charge of the candy store said David Nichol 38 president of the Loblaws supermarket chain and television pitchman for the companys chief attraction no name products Son of railway station agent he grew up in seven On tario towns and works 60 to 80 hour week dont have lot of choice he said If youre an achiever its flat out from age 35 to 45 to accomplish what you pan be cause that sets the base for what youre going to achieve in your entire life It was Galen Weston chairr man of George Weston Ltd which controls Loblaws who got the idea to try limitedserv ice limitedvariety stores in Ontario WAS IIIS IDEA But it was Nichols idea to dive headlong into nonamc products despite their limited success in the United States and France In nine months Loblaws has sold 15 million noname prod ucts surprising even Nichol No name thats my reading of Canadian consumers right now he said Theyre desperate about rising food Out of the darkness sound is heard doesnt become president of the national body until fall But as executive vicerprcsident he will start tackling the functions this month when current president RB Collett retires ke ki prices intlation the buying power of their dollars lhcyrc decimated He said people in the industry for 50 years have been saying nobrand products would not catch on My neck is really on the line over this and worry about it Its very much the Canadian at titudc to lie in the weeds to not expose yourself With my high profile theres enormous pres sure on me personally to de liver ltunning Loblaws is his major work as well as his major hobby Business magnate wasnt looking for career first time EDMONTON CP Dr Charles Allard head of busi ness conglomerate that is approaching $200 million in assets wasnt looking for biglttime career when he first ventured into high finance All he wanted was an office where he could practise medi Cine Allard 60 had returned to his native Edmonton in 1948 after studying medicine in McGill University in Montreal and in Boston But that was the year that oil was discovered at Leduc Edmonton was booming and space was at premium So Allard acquired some land and raised capital to put up his own Northgate Building on Jasper Avenue just east of 101 Street smack in the middle of the city He kept his office space and proceeded to build highly successful medical practice but he found the financing ex perience so interesting that he kept getting his finger in more and more ventures For the last 30 years he has maintained low public busi ness profile but his name kept popping up in connection with major business ventures the start of an independent television station the formation of Edmonton Oilers of the World Hockey Association and next season one of the new entries in the National Hockey League and number of land transactions But Allard who gave up his medical practice in the late 19605 new plans to slow down DIFFERENT FACES His idea of slow might be another businessmans idea of stiff pace dont suppose Id ever want to retire he mused in recent interview Im hoping in the next year somebody will replace me as president of North West Trust and Allarco Developments Ltd Im not getting any younger When Allard retired from medicine he pulled together his various ventures into Allarco Developments Ltd which subsequently went public and had assets last year of $1841 million Allarcos net profit last year was $896 million or $524 share The firm has major real estate holdings throughout Can ada and the US an interest in two construction companies plus restaurant hotel automotive printing farm television travel aviation financial and chemical divisions During the next year there will be major reorganization of the burgeoning conglomerate Besides looking for new president to take over Allard plans to concentrate on three areas real estate financial and chemical operations Some peripheral ventures like Allarcos 40percent inter est in Parkland Nursing Homes will be sold Weve just about shut down the aviation division SOME MISTAKES He glanced at model of Lockheed Electra in one comer of his spacioUs office The Electra model and World lIloolckey Association bag are reminders humility sym Allard provided the financial backing that brought the Oilers to Edmonton Many dollars later the team was sold to Peter Pocklington and Nelson Skalbania The franchise is doing well now but Allard says sports is not his cup of tea and he is glad to be out of it He bought fleet of aging Electras from Northwest Orient Airlines hoping to make good by providing transport for the northern oil exploration boom after the Prudhoe Bay dis covery The project International Jet Air faltered on government red tape and associated problems deal to introduce the Soviet Unionbuilt Yak 40 to North America didnt pan out and now Allarcos only aircraft are two executive Jetstais But elsewhere business looks good The tour city restaurants will likely expand under the competent hands of vicepresident Morris Klimove one of number of firstrate managers in Allards company One of the secrets of Allards success he says has been finding competent manager in particular endeacor and giving him free rein The Edmontonbased automotive division after 112 years of losses has started turning profit again The television division Edmonton Video LtdCITV and North West Video is making movie with US firm and looking into proposals for other coproductions Allarco Financial Corp Ltd was started in 1978 to lend mortgage money take equity positions in various projects and hold Allards other financial interests 64 per cent of North West Trust Co 64 per cent of Properties Ltd Peoples Management Ltd 65 per cent of Seaboard Life Insurance Co of Vancouver and 50 per cent of Travelers Acceptance Corp Ltd Alberta LOOKS AT BANKING Allard says he is waiting for new federal bank legislation before pursuing l2yearold plan to start Bank of Alberta Meanwhile he has purchased the onebranch American Bank of Commerce in Phoenix Ariz and has plans to expand it North West Trust has branches in several cities from Vancouver as far east as Winnipeg Stelco buying Canadian TORONTO CP The chairman of Steel Co of Canada Ltd Stelco assured his United States counterparts Wednesday that Canadian steel exports to their country are not going there through stealth or predatory practices Peter Gordon said Cana dian steel accounted for only 11 per cent of the total US steel imports last year and the amount is likely to decrease In an address prepared for delivery at New York meeting of the American Iron and Steel Institute Gordon said Canada has also been steady customer for US steel during the last 25 years but this situation is likely to change as well Our current market situation and sales forecasts indicate quick return to our traditional pattern of almost total reliance on domestic demand Our customers at home need us and we fully intend to support them to the utmost of our ability Gordon noted there has been some concern in the US about Canadas choice of 56inch pipe for its section of the Alaska Highway natural gas pipeline He said the choice of pipe size had been interpreted by some as deliberate attempt to ex clude US pipemakers from competitive biddingin Canada As prospective supplier of pipe for the Canadian section of the line might say here that Stelco did not have any prefer ence whatsoever with respect to pipe size since we were in the fortunate position of being able to produce all three sizes that were under consideration The downtown branch of the Bank of Montreal is alive with the sound of music these days well in sense Peter Northcott of ProColor Services has put up display with all members of the sym Dollars sense By RALPH ALEXANDIIR Dear Sir have about $10000 which intend to invest in the stock market It seems to me that recently the aiiadian stock market has offered better chance of profit than the 28 stock market here should be investing for the next six months Toronto or New York Ol Dar Historically the Toronto Stock Exchange has tended to underperform the New York Stock Exchange during the ear ly stages of rally in North America stock values lbull market During the latter stages of the bull market the has usually significantly outperformed New York However one should not put too much weight on this type of historical phenomenon unless rational explanation can be devised for it As it happens one is available that seems to justify this type of experience Within the North American economy many Canadian in dustries particularly such capital goods manufacturers as iron and steel act as marginal suppliers to the LES That is during the early stages of an economic boom the in dustries tend to make their purchases from companies In the latter stages of the boom the companies are already operating at capacity and therefore turn to Tana dian suppliers Stock market prices are held to predict the future level of activity in the economy about six months to Where to invest Toronto or NY phony pictured and they can be viewed at the bank located at Fred Grant Square Examiner Photo by Dennis Lanthier one year in advancc In rcality thc markcts respond to many varying influences and are not perfect crystal ball It is said that the Dow Jones Aycragc has succcssfully tortcast out of thelast ll recessions In any event if the economy slidcs into recession later this year the Canadian economy will likely cxpcricncc down turn soon thcrcattcr lhc artcr Administration is predicting that they will be alilc to linc tunc tlic cconomy to soft landing that is thc prcscnl inflationary boom will be cooled without causing recession Nothing in recent historical Xpelicncc stigwsh that any government can control thc economy in such satisfactory manner so at least mild recession should be ex pected It is likely theretorc that thc CS stock IXtllitllgtS will probably continuc tlic dccliiic which started last Novtirilicr in anticipation ot rcccssion ihc Toronto Stock Exchange which has just recently hacked oil for all time highs will likely decline considerably rnorc apidl In answer to your question Nev York is likciy to outpcr form Toronto during the next six months in that it will pro bably decline less would expect both illillktl to declinc during that period of time and ould Mlpcct that you would get better return putting your money in mi ing iccouiit until the major hanks significantly itcreasi tlicii prime lending rates