THE BATTALION Page 7 WEDNESDAY, OCTOBER 23, 1974 ^ WEDNESDAY, OCTOBER 23, 1974 Shell Oil reports 158 per cent profit increase HOUSTON (AP) — Shell Oil Co. renorted sharp increases in net earnings Tuesday, attributing them t0 such major factors as higher prices for domestic crude oil and chemical products. Harry Bridges, president, cautioned, however, that “extraor- dinary conditions within the indus- try the past year continue to minimize the usefulness of compar ing the new reports with earlier periods. For the three months ending Sept 30, Shell reported a 158 per cent increase in earnings. The $216 million or $3.21 a share compared with $83.6 million or $1.24 a share the same 1973 quarter. An 83 per cent increase was re ported for the first nine months ol the year. Earnings of $462.3 million or $6.87 a share compared with $253.3 million or $3.76 a share a year earlier. Bridges said the extraordinary conditions include inflation, uncer tain crude oil prices, the influence of changing federal regulations on prices, crude oil allocation, and the timing of recovery of increased raw material costs under federal regula tions. "Earnings in each of the first two quarters were relatively stable at $121.8 million and $124.5 million but third quarter earnings increased to $216 million, he said. "While part of this improvement can be attributed to higher prices for domestic crude oil and chemi cals, some of the profit gain was due to the timing effect of federal regula tions on revenues and cost recov ery, resulting in the recording of net income in the third quarter which otherwise might have been realized in the first half.” Bridges said Shell’s capital spend ing for the nine months totaled $632 million. He said this exceeded the net income for the same period by $170 million and was 60 per cent >age Campus briefs Radio to air nostalgia program TAMU Radio presents a new evening program tonight. The show will feature 50’s-type entertainment and airs between 7 and 10p.m. DJ’s for the show will be Bill Looper and Greg Sulak. ' Station manager Jim James said if the show seems to be well received, it may be continued on a permanent basis. Book contest deadline approaching Entry deadline for the 1974 Book Collectors Contest is approaching. Entries will be taken until Nov. 1. One or more book collections may be entered in the student contest, ix $100 awards are key prizes in the contest sponsored by the Friends of the fLibrary. Entry forms and information are available at all library service points. Lon Tinkle, Dallas News book editor-critic and Dr. George F. Carter -d Dr. Herbert H. Lang of the TAMU faculty will judge the contest. ACU-I to discuss programming College union programming will be discussed here Thursday through aturday. The Region XII convention of the Association of College Unions- ntemational (ACU-I) will meet here. Five hundred or more participants are expected, representing 52 in stitutions in Texas, Louisiana and Arkansas. A Thursday banquet will open proceedings, followed by sessions Friday covering 30 topic areas. They include committee management, leadership, organization, conducting lecture, film and arts-crafts programs and career opportunities, among others. C. Shaw Smith, ACU-I president, will make the keynote address at the Thursday banquet. Smith is at Davidson (N.C.) College. Delegates, of which about 20 per cent are unions staff, will be wel comed by Dr. John Koldus, vice president for student services; Bill Davis, MSC Council and Directorate president, and John Hoover, conference director. e^rg^rier^vo Lucille tfy'iwlci/ ^PAojifie £ COMPLETE WEDDING SERVICE Tuxedo Rental Florist Service: Silk & Fresh Special Occasion Dresses Mon-Sat 9:00-5:30 Open late Thursday 407 E. 29th (1 block oft Texas Awe.) 823-8405 S37& ca ivatek & ! m the ET iccountl purctiss' YCli :e idels VISIT US ... . We Know About Budgets So Check Our Prices And Our Quality! • Foliage Plants • Dutch Bulbs • Cushion Mums • Terrarium Supplies • Macrame Hangers • Decorative Pottery • Shrubs • African Violets Sunset-Potpouri Books bobs,-, 'top qualltyj vwIth/ZprofeMional,' service monday otgrday '822.-6613 transcendental MEDITATION ti\ Ituiyltl hv Xtciluirishi Mahcsh Yoi;i fr&n'sceti den'tsl M^kTi• taction n. l.An effortless mental technique which produces a clearer, more relaxed mind and improves health. 2. Easy to learn; practiced only a few teiflutes morning and evening sitting comfortably with eyes dosed. 3. A state of rest and relaxation measurably deeper ihan deep sleep. 4. Develops greater resistance to stress and tension, reducing nervousness and anxiety. 5. Involves no change m me style and no acceptance of any philosophy. Free Introductory Lecture Wednesday, Oct. 23 4 & 8:00 p.m. Rm. 226 Library Students International Meditation Society-646-5097 higher than the same 1973 period. Additionally, Bridges said. Shell contributed $94 million of the $126 million Shell and partners bid for 11 offshore Louisiana lease tracts in an Oct. 16 sale. He said mineral lease acquisition costs so far this year have totaled $305 million. Net production of crude oil and natural gas liquids was 567,000 bar rels a day the third quarter and 590,000 barrels a day for nine months. The comparable year ear lier averages were 626,000 and 637,000 barrels a day. Natural gas production averages of 1.998 billion cubic feet and 2.0 billion cubic feet compared with 2.237 billion for last year’s third quarter and with 2.326 billion the first nine months of 1973. Bridges said Hurricane Carmen and other offshore operational prob lems temporarily reduced Sep tember oil and natural gas liquids production by 64,000 barrels a day and natural gas production by 124 million cubic feet a day. Shell’s refineries processed 1.034.000 barrels of crude a day in the third quarter and 1,021,000 a day the first nine months. Compar able year earlier averages were 1.086.000 and 1,077,000 barrels a day. Beef-up your budget with FedMart savings Food budgeting is becoming an ev eryday concern with today’s rising costs. No wonder FedMart shoppers appreciate the savings they find on USDA choice beef cuts. The savings and the quality are two things a FedMart shopper can count on day-in and day-out to beef-up their budget. Today, that’s a very nice thing to be able to say. Beef Loin T-Bone Steak $1.65 lb. Extra Lean Ground Beef 99