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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Jan. 24, 1973)
.S. Dollar Suffers Setback BATTALION Wednesday, January 24, 1973 College Station, Texas Page 5 s iNDON (■‘P)—A move by the viss sent the dollar reeling on ost European money markets ' iesday. The Swiss government freed i'franc to float in foreign ex- in a bid to halt a flood /iBimvanted dollars and this ought what one dealer described avalanche of dollars for le. But dealers said the mass sell- iwpf dollars appeared to be a CH panic caused by the Swiss tion. There were signs the dol lar was firming as exchanges closed. The Swiss government acted after its national bank had been forced to buy up an estimated $260 million Monday to keep the American money from sinking below its floor level of 3.7535 Swiss francs set by the Smith sonian agreement of December 1971. A further barrage of dol lars were offered at the market’s opening Tuesday. Milan, where the Italian lira is having troubles of its own, was the only market place to see a strong dollar. The Swiss government floated the franc by announcing it would no longer buy dollars to support the exchange rate. This meant the Swiss franc was free to find its own level in the market with out official interference. Switzerland is in the grips of accelerating inflation and every new speculative dollar coming into the country tends to feed that inflation. Many Swiss banks and ex changes were limiting currency operations but the American Ex press said it was exchanging “lim ited” amounts of its own trav elers’ checks. A spokesman said, however, the company was await ing further instruction on the handling of banknotes. The dollar fell nearly five Swiss centimes in Zurich to close at 3.7050 francs. This was the sharp est decline in Europe. The dol lar closed Monday at 3.75325 francs. All other currencies were down sharply in relations to the Swiss franc. TMA Tuition Standardized Tuition for Texas Maritime Academy midshipmen has been standardized at $5 per credit hour for both resident and out-of-state students, announced Dr. William H. Clayton, acting TMA superin tendent. Out-of-state midshipmen were previously required to pay $40 per credit hour, the same rate charged all out-of-state students attending a public institution of higher education in Texas. The standard rate for Texas residents is $4 per credit hour. “Our board of directors recog nize the uniqueness of the Texas Maritime Academy program to the Gulf Coast and decided the academy should serve as a region al institution available to every one on an equal basis,” Dr. Clay ton noted. He said the new rates apply only to students enrolled as U. S. Maritime Service cadets pursuing a curriculum for license after Aug. 20, 1973. I ss D TRUCK I C AH FOOD & DRUG DA BCD DAI Cl °Tc“ ^g^®?j* | ^^PAPERSALE^CHKKOUT|_ k drugs & foods ^ssflTrrHTnTvflflHflBKP^'i ONE CENTRAL checkout; mMi mm I ^QSmu i • A.M.U II Ml. BONELESS BARON OF BEEF LB. COMPARE OUR QUALITY! PiCMKli^ CREAM CHEESE r- 3Ml M 00 mjk i| FISH STICKS ...3 M 00 A SLICED CHEESE Wf 75‘ V~<g I, VFIVFFTA 1 III 69‘ i| • GROUND BEEF 89‘ ill CHUNK BOLOGNA". 69‘ IP ■■ SALT JOWLS ,,39' LB - BONELESS STEW „ 98‘ DELICATESSEN-SNACK BAR RUBEN'S CORNED BEEF ,. *2’* RUBEN'S PASTRAMI r* :" *2” IMPORTED BAKED HAM—r-'.,, $ l 75 BABY SWISS CHEESE .'V 5 CHEDDAR CHEESE ~ .'Y' CALIF. ICEBERG BROWNIE MIX £58* BATHROOM CLEANER,"48* BOWL CLEANER : b : iu : h 4 8 * LETTUCE JANET LEE PEAS HEAD BANQUET CREAM PIES 7 FLAVORS TO CHOOSE 14 OZ. BANQUET FRIED CHICKEN BANANAS....:™.”" 10* GRAPEFRUIT....!. is*] 00 DC h DC U.S. NO. 1 JUICY ANJOU O£"< I mmBrw LB. GVBB AGE^™ , . ,S .::“". ,, 10* CARROTS 2r34 c FREEZER QUEEN MEAT ENTREES VARIHIES TO CHOOSE 2 LB. * BAKERY SQUAW BREAD LEMON MERINGUE PIE CHOCOLATE ECLAIRS I A| SKAGGS ALBERTSONS DRUGS & FOODS COOKIES UNIVERSITY DRIVE AT COLLEGE AVENUE RARKAY OLEG WHIPPED LB. TUBS 4 KRAFT SPAGHETTI KRAFT MACARONI PIUSBURY KRAFT ORANGE MAYONNAISE DINNER MUSTARD DINNER BISCUITS JUICE •S 71* WITH MEAT m £ SAUCE JL ▼ T z . Oa SQUEEZE A 1 PLASTIC M Ml ioz. AO ,?r. 7 * oz - Ji«9 HUNGRY C JACK MlSL tW OZ. Vftjp l 49* II. PKG. KRAFT PARKAY OLEO CORN OIL 45 4 Through this program, TMA offers courses of study leading to Bachelor of Science degrees in marine transportation or marine engineering. In conjunction with the academic programs, the mid shipmen work toward U. S. Coast Guard licensing as a third mate or third assistant engineer. TMA, one of six major facilities of its type in the nation and the only one on the Gulf Coast, is part of A&M’s Moody College of Marine Sciences and Maritime Re- Bulletin Board TONIGHT Senior Class Council will meet in Room 2A of the Memorial Stu dent Center at 7:30. All interested seniors are urged to attend. TAMU Weightlifting Club will meet at 7:00 in G. Rollie White Coliseum and will accept new members. Texas A&M Scholastic Services will hold an organizational meet ing for tutors at 7:30 p.m. Any one donating quizzes for the files should take them to the Dean of Women’s office. Official registration for tutor ing will begin next week. THURSDAY Pre Vet Society will meet at 7:30 p.m. in Zachry Engineering Center Auditorium. The meeting is concerning Pre Vet Sweetheart elections. Cepheid Variable Science Fic tion Committee will meet in Room 304 of the Physics Building at 7:30. Brazos County A&M Mothers’ Club will hold its regular winter meeting Thursday at noon. The meeting will be a luncheon at the Hillel Foundation, Jersey Street. Each member is to bring a cov ered dish. Sophomore Council will meet at 7:30 in Room 202 of the Physics Building. San Angelo-West Texas Home town Club will meet in Room 2A of the MSC at 7:30 p.m. Residence Hall Association freshman assistant applications for the 1973 semester will be tak en until Friday. Applications may be picked up in the Programs Of fice in the MSC. Interviews will be conducted during the week of Jan. 29. For farther information call Pam Jewell: at 846-0030. Senate Confirms Nixon Nominee WASHINGTON UP>—The Sen ate confirmed the nomination of William P. Clements Jr. to be Deputy Secretary of Defense Tuesday after the nominee agreed to sell his stock in a Dallas bank. The vote was 74-11. Sen. Harold E. Hughes, D-Iowa, opposed the nomination because Clements had failed to disclose to the Senate Armed Services committee financial relationships between the bank and a large defense contractor. Chairman John C. Stennis, D- Miss., said Clements readily agreed to resign as director and sell his stock in the First National Bank of Dallas in a telephone call Monday night. The bank, according to Sen. Hughes, has extended lines of credit to Ling-Tempco-Vought, parent company of Vought Aero nautical which is building the A7 jet fighter for the navy. Stennis said the bank did not appear on the Defense Depart ment list of prime contractors and there was no reason at the time of Clements’ confirmation hearing to ask him to sever his connections. Stennis said Clements owns 3,420 shares of bank stock worth $171,000. He said it was only “17 one thousandth of one per cent” of the 20 million shares out standing. Embrey’s Jewelry “The Friendly Store" Watch & Jewelry Repair Engraving Diamonds Set In Senior Rings Seiko & Bulova Watches North Gate 846-5816 SENIORS Select proofs for pictures for 1973 Aggieland before Friday, January 26, 1973 University Studio North Gate