‘Who Buys Stocks Probed In Stock Exchanges Survey Eh, Alberta

tCPl—Who buystcites the perceniageof buyers? stocks is discussed statistically:

'l°__C°unn-y I. Western Roundup

9oo—Newi 8. Voice Reports CBC

[The Guardian. Charlottetown. Fri. March 6. 1984. 9

in the Montreal and Canadian stock exchanges‘ second trans- action study. an investigation it is hoped will eventually lead to firm conclusions on buying ha-

.'1.'i19 SUr\'e.V. based on activ- ity at the two exchanges on two June days picked at random. divides the buyers into various categories and compares the 1953 futures with the results of the first survey in 1962. Com- Darison also is made with the results of similar studies on tiie New York Stock Exchange.

in a cautloning foreword to ‘the published version of’ the sui've.v. Georne A. Cruickshank. CX(‘CUll\'t-‘ vice-president of the Montreal and Canadian ex- changes. says:

". _ is is only our second study it is premature to draw any definite conclusions and only after several such studies are conducted can meaningful Datterns or trends be discern- ablc."

ry me 312 Network School B’cast-CBC

J3u—lops in Country and Pope H0——Mi~w.\ Headlines & Weather

U C . _ as I. Weatl1ar!MinISIer.

l Al\'Gl.l(‘.Al\' SERVICES -

S

dil Z_(‘t)-—Ncws 8. Rcmonal Weather

‘ti-~CBC News I intend Weather

e ‘°9‘NntionaI News CIC Roundup

rid i ti t k the bidding going Y Izflitoig a‘-)t selieifeasible to do so

- a-nd. at the same time. depriving

The survey. conducted by iDieap Hall. director of statistics

and research for the exchanges. ___:_____________

CHURCHES

tConiinuet'l from page 7i

lMd|Hol_v Communion and Sermon. Rev. A.E. Piercey. priest-in-l

icharge.

FREE (‘HURCH of Scotland. Worship D.V. —— Charlottetown ll a.m. and 7 p.m.: Stnnchel 2 p.m. — Rev. W.R. Underhay,

NORTH TRYON and Bread- albane Presbyterian Churches. North Tryon: Service at 11 a.m. S.S. and Bible Class 1:‘ 12.15. Breadalbane: Service at 3 p.m. Rev. G. Kiilen. Minister.

TRYON — BONSHAW United Baptist Pastorate. Rev. LR.

Sunday. Marcli itth. Tryon 11 a.m.: Wcsimoreland 7.30 p.m. Tryon Sunday School 10 a.m.

TRYON CHARGE The United Church. Sunday Schools - Cra- paud 11 am Tryon 2 p.m. Try- i_on Church Menibership Class 2 pm. Worship — Cape Traverse 11 a.m. Ti-yon 3 p.m. Criipaud- 730 p.m_ Rev. Allison O'Brien,

Fourth Sunday in Lent tM.other- .in: Sundayl St. Mary's —- 7.40 ia.m. Mattins and Litany: 0 a.m. Holy Communion: 9 a.m. Fam- ily Eucharist; 9.45 am. S u nday School: 5lp.m. Prelimnary Cc"-

'* (lO—Nrws, Waaiiinv 8 sports Scores firmation Ciass; 7 p.m. Even- on

song. St. John‘: 10 a.m. Sun- day School; 11 a.m. Holy Euch- arist. Canon Mark Ferguson. Rector.

‘ WEST PRINCE Presbyterian ‘Churches. ftlberton 11 a.m. Vic- ltorta West 2 p.m. Freeland 3.30. iwesi Point 11 am, (conducted {by Presbyterian Men). Minister .’Petcr .l. Dnrch.

:’ WELLINGTON PASTORAL lcharize. United Church. Rever- and W.B. Mat-Pliail Minister. Union Corner 11 a.m. Welling- ton 2 p.m. Victoria West 7.30 pm.

ANGLICAN SERVICES. Par- i'sh'of Port Hill. 4th Sunday in Lent. Rev. Deimont Yeo. Rec- tor. Port Hill. 11 a.m. lnvcrness. 2.30 p.m. Ellerslie. 7.30 p.m. Combined Lenten Service in the Freeland Presbyteriaan Church. Wednesdy March llth. at 0.00 pm. Speaker, Rev. Dclmont Yen.

THE KENSINGTON Pastoral (.‘.ha'«';..'e of the Presbyterian Church. The Reverend Peter D. Ruddell. B.A., B.D.. interim- inoderator. Freetown. Ii a.m. Keir Memorial. Malpeque. 3.00 p.m. Keiisiiigton, 7.30 p.m. All serviccs to be conducted by Mr. Merrill Bishop.

rm: BEDEOUE P a S t o rail

who are of the general public male or fema old or young. and what type of transactions public individuals make.

CHANGES SLIGHT

in most cases, there are only small percentage differences between the results of the 1962 survey, also conducted in June, and the first of what has been made.an annual study.

in the 1%: survey, public in. dividuals ‘ndividuais who are not members or partners in a member organization of the two exchangesi accounted for 49.2 per cent the volume. down from 50.4 per cent in 1902.

Exchange m e m b e r 1 ac- counted tor 29.1 per cent of the volume and institutions-—banks. insurance and trust companies and similar organizations — for 21.7 per cent in the 1963 sur- vey.

Women transacted only a small part of the trading. 13.4 per cent compared to 15.9 per cent in 1962. Men accounted for 03.2 per ‘cent compared with 82.5 and joint account: 3.4 per cent compared wt 1.0.

Th 43-04 age group took the most active part, accounting for 48.9 per cent compared to 1962's 50.2. The 25-44 group had

.42.2 compared to 42.8. the un-

der 25 group 0.8 compared to 1.2 and the 65-and-over group 8.1 compared to 5.8.

There were substantial drops in the percentages of investors including in long - term (six

0

3 = -— 3' A 9: 3 O -1 Q -.a N = O- U! 3" O -1 rc- -

term tup to six months) trad-

.ing. and a big increaee in the |"trading" category. which the treport describes as involving lthe closing out or potential clos-

I out of all transactions within 30 days.

The survey says the large gain in the trading category “could possibly be best ex- plained by the uncertainty of

.the market after the 1903 fed- /‘eral elections."

lelimlnate inferior workman D E

Graves. Minister. Services fort

Rev. .M. Cameron. minister.

R |Albany Church School 10.00 a.m. (Worship 7.30 p.m. This service twill be a song service for t- lwhole Pastoral Charge. The

combined choirs of Albany. Be- deque and Borden will sing. Be- deque Church School 10.00 a.m. Worship 11 a.m. Borden Church Schools 10 and 11 a.m. Worship

p m. The junior choirs of

— 3 . ‘Albany and Bordon will com-

bine to lead in the service of is .

.pra e

ALBERTON Pastoral Charge

i— United Church. Rev. David

Mat-Donald. Minister. Cascum- pec Worship at 11 a.m. Tignish Worship at home of W l l l lam Feakes at 2 p.m. Alberton Wor- ship at 7 p.m.

I M0.‘\lTROSE Pastoral Charge I-— United Church, Brown Jar-

dine. Lay Supply. Miminigasll 1 a.m. Montrose 3 p.m. Elms- dale 7 p.m.

0'Ll-IARY PASTORAL Charge — United Church. Rev. David H. Hamilton. B.A.. B.D. Minis- ter. Bloomfield ll a.m. West Devon 1.15 p.m. Brae 2.30 p.m. O'Leary 7.30 p.m. Midweek Len- ten servicsat West Devon Tues- day at 7.30 p.m

(‘HRISTIAN CHURCH Sum- merside. Minister. D.L. Howlett Bible School 10 a.m. Worsh and Communion ll a.m. Even- ing Service 7 p.m_ Youth meet- ing 8 p.m.

FREE CHURCH of Scotland. Western Parish. Coleman 1.00 p.m. Summerside 3 p.m. Cape Traverse Sunday School 1 p.m. Desable 7.30 p.m. Reverend Kenneth W.R. Cameron. Minis-

THE ANGLICAN Church Par- ish of New London, Lent 4. 8.00 am, Holy Communion St. Marks. 9.30 a.m. Holy Commun-

0-6 (I '1

nine Prayer. St. ‘Thomas. 7.30 p.m. Evening Prayer. St. Ste-

icharsze ~- The United C h u rch. phens. i

jWe|I-Drillers [Pose Problem

EDMONTON 'OPl — The

Alberta government may be

forced to set up regulations gov-

erning water-well contracting to lbim-V

owman. ground water

‘technician of the Alberta water 3”‘ “I” "”I’°“‘“’I°' resources council. says only I! M’

few of the M0 water well dril- lers in the province are well

qualified

Giles Wilderman. president of the Alberta Waterwell Drillers Association. says that between

60 and 80 drilling contractors

belong to the association and a six-year membership drive has met only. limited success.

The government does not want to interfere. said Mr. Bowman.

It would prefer the association

did its own policing of contract- or: but Mr. Wilderman said this appeamd to be impractical be-

cause of the lack of members. ‘ ion and ii-

He added legislat

iRlPLEY'S BELIEVE IT OR NOT

0.‘ .

BECAME HER SHROUD

AI’ HER REQUEST HER WEDDlNG GOWN

ceiising are necessary to im- prove the quality of work done throughout the province.

. Mr. Bowman said an average itarm well, properly drilled. least: between $1.li0 and 32.000. lliecause of pressure from cus-

tomers. many contractors agree ; to do the to ‘

leae-—oi‘te . with unsatisfactoiy results.

1 While contractors have to shoulder most of the responsi-- for the poor work cue-; shlp ltomers who insist on having‘

.‘wells drilled for 31.0.00 or’ less Bowman said a ruie—ot- ltliumb for drilling costs should lbe about 10 per cent of the esti- mated property value. ‘ In an attempt to improve the quality of work done. a commit- tee with representatives of the water resources branch, Alberta Research Council. well drillers iassociation and consulting engi- lneers is studying the problem.

ment.

‘ FIRE SERVICES

There are 135 local authority lfire brigades in England and lwales and 1-1 in Scotland.

3 { .- ‘ .§\‘i

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CONTRACT BRIDGE

By B. JAY BECKER

You are South. both sides vulnerable The bidding has been:

1. Pass Pass

What would you now bid with each of the following six hands? 1. QQJ72 QA94 QQ6 QR”? 8. Q6 QKJ052 Q53 ‘A0984 8. QQJ878 QK8 QA762 ‘Q5 4.410 ours ekass aqsn 5. A75 CA4! QAKQ348 ‘Q1 It Q94 QAKJB3 {Q32 ‘A05

1. One notrump. When the lotutttng dies at I low level. the last player to speak has an obli-

cannot be held strictly respon- sible for having the values that any bid he makes would ordin- arily imply.

Thus. a one notruitnp bid in

is to

W pectancy. A player in the W0-

tective or baianciiu seat is en- titled to assume that his partner

than his pass would indicate. and he ehould lenatrally act on that basis rather than paes

2. Two

ad Boot had opened the bldtlind ea deaiet-with one made, but.

" t. so on i we“ Norm 1:“ ‘how far to carry the protective

this sequence does not mean shows that he cuet

rte. This would be ed

QUIZ

under the circumstances. a corn- petitivo bid of clearly indicated.

3. Pass. There is a limit to

principle. The beat contnact ap- pears to be one a

by West. This is primarily a de- fensive hand, once West has bid spades. and it is quite likely hat the best result will be ach-

as

ieved by passing. The probabil- ‘ ity is that truest will no down one ‘

or two tric . 4. Double.~0t course. this its a light takeout double. but. in the

balancing question, values may.

be aded in order to keep the bidding alive. There is a good chance of making a part score.

the opponents of one.

5. Three diamonds. Here we have ample values for a doublo. but. because of the one- sided nature of the hand they c a 1! best be identified by jumping to three diamonds. Naturdht. this more strength than would it two diamond bid. The hope is that partner can bid three no- tnirnn.

ti. Double. it would be wrong to bid two hearts. which we might well do it the ace of clubs we the deuce. It is important to distinguish between a protu- tive bid and a hand with full values ol its own. The plan is to bid two hearts over the expect- respoose of two clubs or dia- monds. and thus indicate great- er volues than would a direct two been bid.

two hearte la‘

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