Fairbanks Daily News-Miner from Fairbanks, Alaska • Page 5

a i project in Fairbanks Daily News-Miner, Fairbanks, Alaska, Tuesday May 2 1972-5 test project to surmount state problems Alaskan communities, will involve a small communications satellite corporation (COMSAT) antenna and a portable earth station to transmit telephone can" Trudeau set to brief Canadians on avoiding U.S. colonialization OTTAWA OTTAWA (AP) Minister Pierre Elliott Trudeau is set to explain to Canadians today how tie plans to keep rich American companies from using (heir dollar power to colonize Canada's economy, Concern about the foreign buy-up has cast a cloud over (radii ion ally friendly relations between Canada and the United States, since a prat of foreign ownership traces back to U.S. companies. Trudeau's government is releasing a long-awaited policy statement on regulation of foreign ownership-chiefly American-in Canadian industry. The policy is the i of a lengthy study by Herb Gray, the revenue minister.

Trudeau assigned Gray to make the study in 1969 in response to rising sentiment among Canadians that foreign- ers were buying their way into predominant positions in the nation's economic life. The prime minister said earlier this year he expected foreign ownership in Canada to be a major issue in general elections scheduled next year. The magazine Canadian Foram published a version of the Gray report last fall that included recommendations for a government screening agency. callsandlive television. Spokesmen said beginning Wednesday, the portable station will begin operations near Juneau, beaming live television from Anchorage to Juneau via Intelsat IV, a satellite hovering about 23,000 miles above the North Pacific Ocean.

Television transmissions from Anchorage, they said, will move from the city by RCA Alaska Communications microwave to COMSAT's Bartlett Earth Station at Talkeetna. From there, they are transmitted to Intelsat IV and relayed to Ihe Juneau station. Plans for the Juneau test include telephone calls from Egan to Hawaii Gov. John Burns, Dr. Clayton Whilchead- presidential director of telecommunications policy--and Federal Communications Commission Chairman Dean Burch in Washington, D.C.

SlTOCKMARKET NEW (AP) Stock- market prices resumed their slide loday after a rally attempt failed. Tradi.ig was moderate. Tracing a sawtooth patlvrti, the mttrkcl declined al the opening, turned upward around mid-session, and then declined again toward the finish. Analysts said (he downturn at I A Tuesday'ssoJ New York Slock Exchange prices: Sties (hds.) High Low Close A-A AbblLbl.lO 424 71fc 70 AC Find 2.40 96 43'4 Ad MilUs.SU 18 9 Addresso 105 38 Admiral 160 23 ActnaLteLtt 157 67H KU SJU Air Prod 28 6L 60k SOU Alrco.40e 51 71W la 53 29: 2tfi 2SU AtcanAlii.80 2Hi am Alice 119 1174 Allcjtl.udlm] 20 25H Allcfil'w 734 22H 2 A i 1.70 3314 1,4 3214 A i i 105 A i 141 13 13 A 113 54 53 S3 A Ml) AC .50 29 16V, lft AmHess.Ole 579 47 47M A A i 276 A ends 2.29 123 46 AmBdcsll.20 67 6814 EJll Am Can 3.20 194 30Vi 30U 3S 3L 7 31 Vi ai'i A a 1.25 36i 36Vt 36'4 AmElPw 1.74 401 23H 77H 731,4 A 1.77 L9 97 S6W A i 2 7 159 15 45 "4 A 1.4D US 29'i Am Motors 1665 8'i gi.t A a a 2 3 0 I7fi 36 36 A 1.70 43 73 22 1 22H Am a 10 112 H'4 1374 A i 1052 Hi 7 A 6 2 6 0 1701 42(i 42Ti A Inc 1 6l 3 60Ti 61 I .66 86 SG'i A ex CUT 320 87t SVi Anch 21 33 Ancorp.OSb 10 11 ApecoCp.16 153 I2U I Arch Dan I 31 SS 39 A 22H 23 A 8 0 10 Astild Oill.20 x24l I6H 26 AsdlH.d 1.26 1S9 teM 541,1 A i 2 B3U 62 Alias Corp ES 2 AvcoCorp Avnct 179 ijJ- 4 Avon Pd 1.35 247 IWi 113H 11SH u--ii .65 9S 31 a 287i HewlFds 1.16 41 4 i Beckman.60 SS BeechAi.eXIb 53 73V1 22 1 23 Bell How .60 19 68 Wi i 1.60 55 lUi 44 44 -i 1 0 90 4Vi 45 321 6'i 6H lieCh Stll.20 ISO mi 31 1 Block I I .24 90 4- Boeing Co.40 379 jtH-i BoisCas -75b 353 16U IS'-i Borden 1.20 298 30 79'i IloreWar 1,25 151 36W Brilt My 1.20 756 59 ,4 i MM ilril Pel 117 13H llruruwck.lfi 47V. 46 1 46V.

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Motors and aircrafts were lower. All other groups were mixed. Prices on the Big Board's most-active list included Ford Motor, off 114 at Polaroid, up Wi at 139 Sony up at and Coca-Cola, off a I 12814. Prices on the American Stock Exchange's most-active list included Syntex, up at Austral Oil, up 3 at 29; and Recrion off at Jlecltd Vk i i i -f li -f- i it Vi i i i 4 i 1- I- i 3 4-1 Vi I -T V. i t- 4- -U -f- 4- 4- 4 V.

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Corp .64 L6S 39 3SH 1.40 101 4 i UH Hh "rb ik ''d l)y local otfictf of Foster and Marshal 2 1 1 CustunaciSt. Alaska Air i I 1 'i Alkd I i 4 i Resc A a a St. a 13 3S cents A a A i 0 7 a a 4 i A 1 Vi 'Pay Save 21 A a a OLI 19 Pubro 1 Ban Contl Purex 18K Baxter Lab 41 Sedcci Tnd 7 i Earth Resourrt-i 54j A 4 i i A i 6 lloniL- Oil A 31 Wiiscm Wti Oil i 1 bid Board of Trade CHICAGO (AP) Soybeans futures declined cents a bushel early on the Chicago Board of Travle today influenced by an export slow-down but recovered near the close under new buying and short coveting. When the final bell had rung, soybeans were up 2W cenls a bushel. Both calls are scheduled for Thursday.

"The project's goal," Egan said, "is to prove that high- quality television and voice transmissions can be achieved through the use of satellites and low-cost earth stations. "This must be achieved if Alaska's far-flung and remote communities are to enjoy the many kinds of information which Americans in other states have long taken for granted." Egan said the list included medical consultation for critical WILLIAM GUTE leers pick Gute for bridges William Cute, a construction i i A a a Department of Highways, has been named outstanding engineer of the year by the Alaska Society of Professional Engineers at the a a i organization which was held in Juneau in late March. The honor a contributions in civil engineering. work on the first cable-stayed bridge in the United States, currently being completed in Sitka, will be visible in the near future. Gute has a wide background of a i a and engineering experience.

He was raised in Jefferson, N.Y., and attended Union College al Schenectady, where he received a a degree i civil engineering in 1959. He also received a masters degree in civil engineering from Brigham Young University at Provo, Ulah, in 1963. Gute worked for the former Bureau of Public Roads in Alaska from 1959-62 and was involved in materials investigation, bridge design and construction. He worked i the St. Louis firm of Svcrdup and Parcel in 1963-64.

He was senior engineer in the special structures section for designs of docks, stadiums and static test facilities fortheSaturn Moon Rocket used in present moon shots. Gute also worked for the State of Alaska in the bridge design sections from 1965-71. He has contributed to the design of many of Alaska's bridges and done much preliminary work on the Tumagain Arm Crossing. Gute feels that the highlight of his career has been the design and current construction of the Sitka Harbor Bridge. The i was also a co-winner of the Lincoln Arc Welding award for (tie design of the Cordova fern' transfer bridge.

He is a member of both the Alaska Society of Professional Engineers and the AlaskaSocicty of Civil Engineers. He and his wife, Rosemary, have i sons, Jim and John. Robert Retterford was also honored at the annual meeting for his accomplishments in electrical engineering. AP writer Kent to Baltimore jx)st SEATTLE (AP) Stove Kent, 30, news editor in the Seattle Bureau of The Associated Pres-s, has been promoted by the news service to the post of news editor in the Baltimore, bureau. In his new post, Kent i be first assistant to Chief of Bu- eau George Zucker and will direct the news report for Mary-land and Delaware as well as handle administrative and business duties.

Kent joined The AP in Seattle in April 1967, transferred to 01- ympia in January 1968 and returned to the Seattle Bureau in September 19VO. He has covered bolh the Washington and Alaska legislatures. As news editor in Seattle he has helped supervise com- pulcrization of AP operations in the Northwest. i educational programming and instruction, news reports and accurate weather information. Large earth stations like those at Talkeetna, he said, are prohibitively expensive.

At the same time, the FCC has forbidden use of the small stations-involving a 16-foot in diameter antenna--because of anticipated interference problems. The television programs, Juneau's first live programm- ing from outside the city, will incude a film about the project a newscast from KENI-TVin Anchorage, a University of Alaska educational film and the child program "Sesame Street." Egan said similar demonstrations were planned for Kodiak, Bethel, Nome, Barrow and Fort Yukon. TESTIMONIAL-The Sitka Bridge stands as a testimonial to Uie cable-styled bridge work of engineer William Gute, honored by the Alaska Society of Professional EnKineers late last month. Tax changes get opposition WASHINGTON (AP) President Nixon's Administration today came out against any major revision of the federal income lax to meet criticism that the present system sometimes is unfair to both single persons and married couples. A i a a Secretary Edwin S.

Cohen said Congress might consider changing a i a a deduction for single and married persons. The dedtiction is now the same in either case: 15 per cent up to a maximum of $2,000. Cohen testified before the House Ways and Means committee, which has been considering complaints about the effect of tax law changes made i 9 6 9 The changes reduced the gap between the amount of lax paid by a married couple and a single person. Two-thirds Century Call No. 481 kT Charter No.

7718 National Bank Region No. 1C REPORT OF CONDITION, CONSOLIDATING DOMESTIC SUBSIDIARIES OFTIIE FIRST NATIONAL BANK OF FAIRBANKS IN THE STATE OF ALASKA, AT THE CLOSE OF BUSINESS ON April 18,1972 PUBLISHED IN RESPONSE TO CALL MADE BY COMPTROLLER OF THE CURRENCY UNDFR T1TI.E 12, UNITED STATES CODE. SECTION 161 ASSETS Cash and due from banks including none unposted debits) 6,588,611.20 U.S. Treasury securities 5H Obligations of other U.S. Government agencies and corporations lis504 Obligations of Statesand political subdivisions none corporate stock) 15,001.00 Trading account securities Federal fundssold and securities purchased under agreements to resell 1,850,000.00 Loans Bank premises, furniture and fixtures, and other assets representing bank premises Real estate owned other Shan bank premises Investments in subsidiaries not consolidated Customers'liability to this bank on acceptances outstanding Other assets (including none direct lease TOTAL ASSETS 14,493,160.14 921,594.57 36,676.43 543,796.19 33,254,346.42 LIABILITIES Demand depositsofindividuals, partnerships, and corporations 12,402,254 89 I line and savings deposits of i i i a partners hips, and corporations s'o63'774 84 i Deposilsof United States Government Deposits of Stalesand political subdivisions i i a i i a i i i Deposits of commercial tanks Certified and officers' checks.etc.

TOTAL DEPOSITS (a) Total demand deposits 516,270,792.30 (b) Total time and savings deposits Federal purchased and securities sold under agreements to repurchase Liabilities for borrowed money Mortgage indebtedness AcceptancescxecuU-d by or for account of this bank and oulsta'n'dine Other liabilities TOTAL I A I I I INTEREST IN CONSOLIDATED SUIt-SIIJl' A I RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up a lc IRS rulings) Other re serve son loans Rcserveson securities TOTAL ON LOANS AN'I) SECURITIES 79o'l6o'o3 8 487 018 25 "ONE ic'iinn nn 11 .359.13 NONE NONE NONE NONE .383,616.20 NONE 317,916.30 317,916.30 2,540,246.78 A I A ACCOUNTS Capital notes and debentures Equity Preferredstoek-total parvalue No. shares outstanding none Common Stock-total a a 750,000.00 No. shares authorised 75,000 No. shares outstanding 75.000 115 750,000.00 Undivided profits 245 Reserve for contingencies and olher capital reserves SOo'oOO 00 TOTAL A I A ACCOUNTS 251o'246'78 TOTAL I A I I I RESERVES. A A I A ACCOUNTS 3s'25 I 346V A A Average of total deposits for the calendar days ending with call dale 28,173,042.70 Average of total loans for the 15 calendar days ending i call date Interest collected not earned on i a loans included in total canital accounts NONE 1, Billie R.

Altenherger Asst. Cashier of tbe above-named bank do hereby declare that this reporl of condition is true and correct to the best of my knowledge and belief. Bilhe It. Altenberger We, the undersigned directors attest the correctness of this report of condition and declare that it has been examined by us and to the best of our knowledge and belief is true and correct. 1 r3 i' Hall C.I,.

Lindbrrg A. a Direi-tors Member federcf Deposit Insurance Corporation.