Explosions Strike East Beirut Before Gemayel Swearing In
Explosions at an arms depot in East Beirut injure 28 people as 800 tonnes of ammunition detonates. President-elect Amin Gemayel is sworn in amid security concerns with French paratroopers and U S Marines arriving to bolster the peacekeeping effort.
MENTIONED IN THIS ARTICLE
Ap-Reuters
Beirut
Amin Gemayel
Palestine Liberation Organization
West
Assaad Germanos
Defence Ministry
Sin el-Fil
Israel
Lebanon
PLO
Bashir Gemayel
Elias Sarkis
Gemayel
Military Academy
Fayyadieh
Chatilla
Sabra
Hunt defies pressure on East Coast seal hunt
Senior Fisheries Department officials say Canada will not be intimidated into ending the seal hunt to appease wildlife groups and European politicians. The forecast notes sunny Friday with a high of 27 and a low of 6.
MENTIONED IN THIS ARTICLE
Canada
Fisheries Department
Western grain farmers face smaller profits in 1970s due to costs
Western Canadian farmers say production costs rose sharply while real prices fell. John Morriss notes wheat price rose 240 percent since 1970 but buying power dropped 31 percent. No.1 Canadian red spring wheat now around 200 per tonne vs 274 last fall and 67 in 1970. Farming costs show major jumps in interest, machinery, and services since 1971. Grant Coulter expects profit down despite a larger crop.
MENTIONED IN THIS ARTICLE
Edmonton
John Morriss
Canadian Wheat Board
Statistics Canada
al Beattie
Alberta Wheat Pool
Grant Coulter
Saskatoon
Energy programs stay: Chretien keeps NEP course
In Ottawa Energy Minister Jean Chretien says no plans for major NEP overhauls and that previous tweaks by Marc Lalonde suffice. He signals potential minor admin revisions to improve efficiency while defending Canadian interests and plans to meet U S officials over NEP concerns.
MENTIONED IN THIS ARTICLE
Ottawa
Jean Chretien
Chretien
Energy Department
Marc Lalonde
NEP
Canada
Lalonde
U.S
Newfoundland
Farm profitability and land prices threaten new farmers
Coulter argues high land prices of 600 to 800 dollars an acre and rising costs prevent young farmers from entering the business without family or lender support. He says land debt and interest negate borrowing. Wright warns food prices must rise to sustain farming, while Beattie notes American harvests threaten Canadian grain price prospects.
MENTIONED IN THIS ARTICLE
Coulter
Jim Wright
Saskatchewan Wheat Pool
Beattie
Dome Petroleum secures refinancing plan with banks and Ottawa
Dome Petroleum Ltd reports a refinancing proposal from four Canadian banks and the federal government to inject capital, reschedule about 8 billion dollars of debt, and boost Canadian ownership. Shares halted on TSX and AMEX as board considers terms amid prior debt and cash flow concerns.
MENTIONED IN THIS ARTICLE
Toronto
Dome Petroleum Ltd
Ottawa
Dome
Canada
Toronto Stock Exchange
American Stock Exchange
New York
Canadians speed up Everest For Southam News
The Canadian Mount Everest expedition reports rapid progress with top climbers at Camp Two in the Western Cwm and a potential summit attempt by October 1. Leader Bill March notes deteriorating Khumbu Icefall driving plans, while base camp records a serac collapse and teams coordinate routes toward Camp Three and the South Col.
MENTIONED IN THIS ARTICLE
Southam News
Kathmandu
Nepal
John Amatt
Camp Two
C Vm
Amatt
Bill March
Khumbu
Blair Griffiths
Base Camp
Peter Spear
Spear
March
al Burgess
Pat Morrow
Gordon Smith
Dwayne Congdon
Lloyd Gallagher
Dave Read
Gallagher
Read
Peter Habbeler
Reinhold Messner
Lhotse
Peter Hillary
Hillary
Everest
South Col
Prime rate falls to 15 percent after Bank of Canada cut
Ottawa reports prime lending rates drop half a point to 15 per cent the lowest since 1980 after the Bank of Canada reduced its rate to 13.18 per cent. Banks moved early to match the shift, but consumer loan rates at about 18 per cent may not fall immediately.
MENTIONED IN THIS ARTICLE
Canadian Imperial Bank of Commerce
Bank of Montreal
The
Royal Bank of Canada
Toronto Dominion Bank
Ottawa
Bank of Canada
Mercantile Bank of Canada
Also Mentioned on This Page
East
Naples
Italy
Guam
Seize
Allan Fotheringham
Ann Landers
Charles Lynch Tae
City News
O’coffe
Don McGillivray
Entertainment Pace
Horosco International News
Mike Royko
Wayne Moriarty
Western Express
By Les Whittington
Dome Petroleum
Supreme Court of Canada
Quebec
Churchill River
By Larry Emrick
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