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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Oct. 11, 1979)
THE BATTALION Page 13 THURSDAY, OCTOBER 11, 1979 National briefs duced | iults.i 1 WOlU and aim ers met, hat the! hytheF;, jpez P 0I 'plaints [| iveral assured[ welcou Stock market loses 40 points in two days United Press International NEW YORK —■ The heaviest first-hour trading in New York Stock jxchange history Wednesday sent the market sharply and broadly »wer. The Dow Jones industrial average, which plunged 26.45 points 'uesday, was down another 12.37 points to 845.22 at 11 a.m. on st-hour volume of 20,730,000 shares. The turnover eclipsed the irevious first-hour mark of 20,130,000 shares set Aug. 3, 1978. Tuesday’s slide was the worst since a 26.99 point decline on Jan. 9, 1974 and gave the average a loss of 40.02 points for the first two issions this week. That’s not as bad as the 68.90 point drop on Oct. 28 and Oct. 29, 11)29, but the breadth of the market’s decline stunned professional [observers. In the first hour of trading Wednesday, 1,471 issues declined and ly 25 advanced among the 1,397 issues crossing the exchange tape, be exchange’s high speed transaction ticker was running 13 minutes [late. In Europe, gold pushed past the $400 an ounce level, but gave up some ground later, while the dollar rebounded from earlier setbacks. Paris, selling was so heavy on the Bourse that officials extended the lading hours. ngth a-:| ‘Stop Teddy” forces organize in Ohio ammitr iallytotajCOLUMBUS, Ohio — The Kennedy for president movement will l( ' e '' have to contend with the 50 members of the Stop Teddy on Presi- ig proposfoje ncy committee, who vow to prevent the Massachusetts Democrat r promise^|j- om getting the nomination. y butits^The organization, based in Columbus, is anything but national — th only one chapter —- but it does have a national chairman. Dan Bayes, an ordained minister and owner of a huntirig and fish- |g supply store in Columbus, is now being billed as the national airman of STOP even though no national organization exists, yA staunch conservative, softspoken and white-haired, Bayes said committee is against Kennedy on the grounds Kennedy backs tional health insurance, gun control and a redistribution of wealth. [in a STOP meeting Tuesday night, Bayes said he is close to starting Immittees in several states. I® 0 ® 0 * I “We want to stop him (Kennedy) from getting the nomination, icn allow lygs jq reporters. “We intend to do it with a response from the emizem 11U!r j can people.” em modi | tn also will or the r hich will t by the , NASA al shutll n prove] to incrfi lity. will rent unentofi acket unit spacecn! : Earth to! nore si tans OPEC pushs for prices by cutting production ESL Tutoring United Press International Oil industry analysts say OPEC nations are cutting production to ad just output to reduced worldwide demand and to generate higher prices for their oil. In Houston, the U.S. petroleum industry’s chief lobbyist disputed an industry observer’s prediction that Americans will face long gas lines again by late October. Analysts said Tuesday the mem bers of Organization of Petroleum Exporting Countries have been pressing for higher oil prices by re ducing oil production to a level in balance with reduced world de mand. “On the demand side, we don’t expect any real growth in world oil consumption next year,’ said Dr. Gary Ross of the Petroleum Indus try Research foundation Inc., the American oil industry’s research arm. “But on the supply side, OPEC countries are making cuts in production to keep supply balanced with demand.’’ Ross, speaking in New York, warned that OPEC “has the power to effect significant price increases by reducing production.” Charles J. DiBona, president of the American Petroleum Institute, said in a speech to the 20th annual conference of UPI editors and pub lishers that gasoline stocks are in the “comfortable range” — about 11 million barrels greater than last year at this time. He said an 11 percent decline in demand since last fall and the large stockpiles made an oil shortage later this month unlikely. Radio to name ‘Johns’ to reduce prostitution United Press International NEW YORK — The city radio station will soon be broadcasting the names of men convicted of soliciting or patronizing prostitutes. In an effort to reduce prostitu tion, the city Tuesday ordered WNYC, the municipal radio station to begin broadcasting the names of convicted “Johns.” “We’re going to call it the John Hour, ” Mayor Edward Koch told reporters. The mayor said he is bothered by what he views as unequal treatment of prostitutes and their clients by the courts. He said he thinks public pressure can be applied to both partners in a sex-for-sale liaison. Koch said he expects the daily broadcast of names to take about a minute. mes afteii panel l)< ncies in pme/tf < ist as .«!>*• We will be interviewing December and June graduates on campus at: Engineering Placement Center FRIDAY, OCTOBER 12th Aggies! This is to Introduce You to One of Our Leading College Protector Representatives. Local Office: 520 University Dr. East For An Appointment Call: 846-7714 i □n HI PROTECTIVE LIFE® INSURANCE COIVIPANY MOIVIE OFFICE - BIRIVUNCMAM, ALABAMA “I don’t see how it could happen,” DiBona said of an energy industry newsletter’s prediction of imminent shortages. “I don’t think it’s a rea sonable prediction.” A Kuwaiti oil ministry spokes man, meanwhile, confirmed reports that Kuwait had raised the price of its crude oil by about 10 percent to an average of $21.43 a barrel, re troactive to Oct. 1. Mexico, another U.S. supplier of foreign crude, increased its oil prices Monday by $2 to $24.60 a barrel and exceeded OPEC’s cur rent ceiling of $23.50 a barrel. Kuwait is a mainstay of OPEC; Mexico does not belong to the 13- nation cartel. ★★★★★★★★★★★★★★★★★★ { ESL I li :: £ * ^Experienced instructors offer intensive^ :lasses in English as a second language.^ hese classes will be limited to five stu-i ^dents each and will meet three evenings^ ja week. Our first 7-week session begins; ►ctober 21. Drop by and register thi* ^ 'eek!!! {ON THE DOUBLE £ 331 University Drive { 846-3755 ★★★★★★★★★★★★★★★★★★★ilk RUSSIAN FLU STUDY VOLUNTEERS If you were in last year’s vaccine study, we want a follow-up blood sample ($10.00) October 10, 11, 12 — Wed., Thurs., Fri Commons Lounge - 9 a.m. to 9 p.m. Health Center 49 a.m. to 4 o.m. October 10, Wed night; Corps Lounge D- 7:30 p.m. to 9 p.m. October 12, Fri afternoon; Vet School- 12 noon to 4 pm TEXAS A&M UNIVERSITY COLLEGE OF MEDICINE announces a NOVEMBER 1, 1979 deadline for application for the 1980-81 medical school class. All applications and supporting materials must be turned in to the Office of Stu dent Affairs, College of Medicine by this date. Exception will be made for sopho mores who need complete only the application form by the November 1 dead line. Applications are available from the pre-med advisor, Dr. Gilbert Schroeter, Biology Building or the Office of Student Affairs, 301 Doherty | A Project of Aljtlja pjt OPnmui FOOTBALL Mums Many Styles and Prices to Choose From. DELIVERY ON CAMPUS & Distribution Centers Off-Campus On sale Tue.-Thurs. in the MSC from: 9-5 in SBISA, COMMONS from: 11-1 4-6 AP0... We Deliver!!