Image provided by: Texas A&M University
About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Dec. 10, 1979)
. *. • . % ..i .. ' : . - , Page 14 THE BATTALION MONDAY, DECEMBER 10, 1979 Hunt, Arabian prince join forces in silver United Press International BEIRUT, Lebanon — A Saudi Arabian prince and a Texas bil lionaire brought together by a love for Arabian stallions teamed up to speculate in silver and have piled up $500 million in profits, an Arab magazine disclosed Sunday. The magazine An Nahar Arab Re port said Bunker Hunt of Dallas, Texgs, and Prince Abdullah bin Abdel Aziz got together through the prince’s hobby of buying and breed ing pure-bred Arabian stallions, a passionate interest shared by the wealthy Texan. They soon discovered they had more in common than just purebred horses. He persuaded Abdullah, com mander of the Saudi Arabian nation al guard and the third most powerful man in Saudi Arabia after King Khaled and Prince Fahd, to join him in setting up a common fund with the specific purpose of buying and hold ing silver for sale only after the price reached $25 per ounce at the end of 1979 or early 1980. “The size of the fund cannot be assessed with accuracy, but an edu cated guess puts the figure at $500 million for equity financing,” the magazine said. The bulk of the bullion bought by Hunt and Abdullah has been mov«. in specially chartered planes from the United States to Switzerland and Britain. More than one European bank has been involved in the opera tion, the Arab Report said. When the two men first began buying up silver, it was being sold in New York at $5 per ounce. “The fund has only paper profits at present because the quantities that have been purchased cannot be off loaded without depressing the mar ket, with silver now trading at about $20 per ounce, profits are estimated to be on the order of $500 million,” the magazine said. “YOU ABSOLUTELY MUST SEE IT. THE AUDIENCE LAUGHED LIKE MAO. A FUNNY AND HIGHLY ENTERTAINING MOVIE." aUsts • 5 “Discussions with Bunker Hunt over the future prospects for pre cious metals convinced Prince Abdullah of the inevitability of a ma jor increase in the price of silver in 1979 and 1980,” the magazine said. The magazine said Hunt, an oil man and the son of the famous Texas billionaire H.L. Hunt, felt silver was undervalued when judged by its use in industry and compared with the industrial market for gold. $****manor east sm****? ^ manor east mall S23-83oo ^ * * * * * * * * * * * * * * -K -ft -ft -ft -ft -ft -ft -ft -ft -ft -ft -ft -ft i-ft -ft -ft -ft -ft -ft $ ? -ft -ft -ft ■ft I Produced QtM RtmNetWl OrerMB RQgm ttg ^ SSm I DOLBY STEREO f Greek man jailed for story [rH United Press International ATHENS, Greece — Journalist George Velachoutakos has been sentenced to 18 months imprison ment on charges of preading false information, a misdemeanors court court spokesman said Saturday. The spokesman said Velachouta kos, editor of the right-wing Athens -*★★★★★★★★★★★★★★★★ jf { SKYWAY TWIN $. "ft 2000 East 29th * £ 822-3300 J “ft uorro-i- 34- WEST AND AT 9:25 HOUSE BY THE LAKE L S<r**rx**tJrHAflan EAST * 10:40 J EYEBALL * And At 8:45 J SUSPIRIA * Thanks bo you. it works. For all oF us. {7:15 -ft -ft "ft -ft -ft * ,,J ^ 34- -f* ★★★★★★★★★★★★★★★ 34- Unifced Wiay We Toast The Fighting Texas Aggie Football Team! A&M-13 t.u.-7 DIXIE CHICKEN SALOON 307 University Drive ATTENTION GRADUATING SENIORS w IF YOU HAVE ORDERED A 1980 AGGIELAND, PLEASE STOP BY THE STUDENT PUBLI CATIONS OFFICE, ROOM 216 REED MCDONALD, AND PAY A $2.50 MAILING FEE ALONG WITH YOUR FORWARDING AD DRESS SO YOUR AGGIELAND CAN BE MAILED TO YOU NEXT FALL WHEN THEY ARRIVE. daily Eleftheros Kosmos, appealed the sentence and was released, but also was fined $270 and denied tax- free newsprint for three months. He was sentenced Friday. Veachoutakos was charged with spreading false reports and creating problems in Greece’s foreign rela tions last August. The article appeared shortly be fore Prime Minister Constantine Caramanlis made an official visit to Moscow and Greece’s Syros Island shipyards signed a contract to repair unarmed vessels of the Soviet Mediterranean squadron and Soviet freighters ik; Iranian Crisis pi Hostages to be paraded before pani United Press International TEHRAN, Iran — Iran’s foreign minister said Saturday spies among the 50 American hostages in Tehran would be paraded before an international panel of “anti-imperialists” charged with investigating U.S. espionage. A State Department official in Washington immediately responded any such commission would be “a mockery” and “flagrant violation” of international law and religious principle. In a carefully phrased fourpoint statement. Foreign Minister Sadegh Qotbzadeh said, “The imam (Ayatollah Ruhollah Khomeini) is determined that the crimes of the American government against our people should be revealed to the world.” He defended the seizure of the U.S. Embassy 35 days ago and said the Islamic government would pursue deposed shah Mohammed Reza Pahlavi and members of the royal family “wherever they may be. ” “What happened in the American spy nest was not just a simple hostage taking, resulting from the emotions of some youths but it is a revealing, revolutionary and aware action on the international level,” Qotbzadeh said. In Paris, French police were trying to verify assertions of Iranian exiles that the assassination of the shah’s nephew, Shahryar Shafik, 34, Friday was carried out by a member of the new Islamic secret police, known as SAVAMA. Qotbzadeh said the international panel, “with the cooperation of all anti-imperialists and anti-Zionist groups in Iran and the world, ” would review “the dossier of crimes of the U.S. government in Iran.” Keeping up the pressure against the captives, the foreign min said the American embassy spies among the 50 hostages would i paraded before this panel in full view of the people of the world But he did not say whether the panel would be empowered top judgement on the captives, nor when it would be formed. Diplomatic sources said the government might be seekingr saving compromise and could be paving the way for the releaseofll hostages after they were condemned by the so-called internatip commission — but before they actually stood trial before courts. Two University of Kansas professors, Norman Forer and Clarenj Dillingham from Lawrence, Kan., representing a “Committee! American-Iranian Crisis Resolution” held 90 minutes of exploralor talks with militants inside the beleagured embassy compound Sat day, but did not see the hostages. “We’ll be meeting again with the students,” Forer said outsidetl embassy gates. “We didn’t see the hostages. We were just talking||| the students.” The militants dismissed statements by President Carterdisavi any military action unless the hostages were harmed. “Carter was forced to back down on military force because lies the situation was hopeless and because world opinion is on our side,"i spokesman said. “If he does come with the marines, 20 million Iranian are ready to fight him.” Iran’s commerce ministry announced establishment of specialj tion groups to break the country’s economic dependence on the ft ited States. '/ y ; Iranian police head visited Paris No new leads in Shafik murdei | <• L V i United Press International PARIS — Iranian exiles say the head of Iran’s new Islamic secret police — known as SAVAMA — vi sited Paris with two other revolu tionary military leaders shortly be fore the assassination of the Shah of Iran’s nephew. Informants said Saturday police were trying to verify assertions of Iranian exiles that SAVAMA agents were in France to keep close tabs on the large colony of Iranian exiles here and that many have been haras sed on the streets of Paris or have received threatening letters. Police said they had no firm clue to the identity of the muscular man in his early 30swho fired two bullets from a 9mm pistol into the head of Shahryar Shafik, 34, the younger son of Princess Ashraf, twin sister of de posed Shah Mohammed Reza Pahtavi. Islamic Judge Sheikh Sadeq Khal- khali claimed responsibility for the assassination in Tehran later Friday, asserting his Moslem gunmen were looking for Princess Ashraf when they ran into her son and shot him. Little is known about the new sec ret police of Ayatollah Ruhollah Khomeini, who made dismember ment of the shah’s drad secret police, SAVAK, one of the rallying points of his revolution. Iranian exiles claimed that among high-ranking visitors to Paris from Tehran in recent days were Gen. Kavch, head of the SAVAMA, his deputy, Gen. Farouzian and Gen. Fardousi, described as Khomeini’s military advisor. Iranian exile sources said contrary to early information, Shafik had re cently decided to get involved in politics and join the opposition to Khomeini. He was helping edit in Paris a “Free Iran” news bulletin launched by his sister. Princess Azzadeh, known as “Gardenia Sha fik’ by friends and family. The slain prince, former comman der of Iran’s hydrofoil torpedo boats. also was one of the organizers shadow “Liberation Army” to he able one day to restore Pahlavi dynasty to the Fean throne, informants said. It was not known yet where when Shafik would be buried whether his mother, who was New York, would come to Frantt! the funeral. Shafik, gunned down by a the luxurious residence mother and sister, was the member of the Imperial family slain since the Islamic Revolutic: ies in Tehran vowed tocaptureor all leading members of the topp Pahlavi dynasty. "file b Poster wall reopened in Pekins, % M - * -i 4 v * ft .. .... .CJu United Press International PEKING — Only a half-dozen in nocuous posters marked Saturday’s debut of Peking’s relocated Demo cracy Wall, which opened to sparse audiences and under close supervi sion by police in a park far from the center of town. Writers attacking government and Communist Party leaders simply stayed away. The new wall catering to China’s age-old tradition of political discus sion by pasting posters in public places is located in a quiet park in a residential area well away from the center of the city. Only six posters had been pasted on the new wall by sunset Saturday, and only about 50 people were around to read them. Most posters were noncontrover- sial complaints by ordinary people. It was a stark contrast to the old Democracy Wall on Changan Boule vard, Peking’s main thoroughfare, which went out of business at mid night Friday by order of the city gov ernment. The old wall, about 200 yards long, carried hundreds of posters, and hundreds of passersby could be seen reading them at any hour of the day. Early Saturday, police with water hoses and metal scrapers scrubbed away the posters and the wall was bare except for the government de cree restricting posters to a 100-yard wall in a neighborhood park on the north side of the city. Under new rules, poster writers who use the new wall must register at an office set up overnight in the park. The office did not interfere with the posters put up Saturday but warned the authors they would be held responsible for the posters’ con tents. Under new rules poster wri ters cannot “reveal state secrets or make false charges or commit libel. ” The author of one of the posters put up Saturday asked compensation for his son’s death in an automobile accident allegely caused by Chinese security police. Texas A takes a United KOUSTO upbell h inst the ] |se, but th Oilers to Tier beinj That chor numbei dates back to the 16th centB^s ag There is none of the swarm ofcuh son. who stopped to read the posters the old Democracy Wall. But th' | AFC |ne wh fl’s It China’s constitution guarantees freedom to put up complaining post ers. That freedom shrank steadily in 1979. At the start of the year, almost any wall in the city could be used as Democracy Wall. In March, several well known critics of the government were arrested and posters were con fined to the 200-yard wall on Chan gan street. , Nicaraguan flood rav 40 towns Imes with he is the uarterbaek ainful ri pleted fc season a [The Steel M held Ca The display not has been re stricted to the 100 yards of wall in Moon Altar Park whose building 'youh, tfSi 08&gSio u , I We knew United Press International fhlems, MANAGUA, Nicaragua — swollen rivers overflowed hanks and roared through 40 sj pivers so towns in northeastern Niearap a d We leaving 25,000 people homi officials said Saturday. Casualty figures were notimi ately available because of poor munications to the isolated sectii the countr upon. ince thei ached to Pastorini | ked off d iCampbell y °URl]&9M AtiSYPro ry. . Tons of food, clothing andfast start cines were being shuttled toi ttsburgh flood victims with heticoptersA ^ed for 8 said. 'Scut ° ut ’Si9n and «OIME H victory. You’ve g running 'int of att; hn Banas; kk side h Dear Mom and Dad, ^^^below. energy] saver There we Us favor, dy Monda 199, ant How are you? I’m fine, and tlie doctor says I’ll feel even "better wlien I get a few days’ rest and a couple of home-cooked meals. But with the condition of my wallet, it looks like I’ll have to hitchhike home for the holidays. My roommate just made plans to go home with Greyhound and says Greyhound is a great way to fight inflation because their fares are so reasonable. Greyhound even makes it possible for someone to prepay a ticket in one place so someone at another place can just pick up the ticket and come home. You can even send along a small cash advance with the ticket. Greyhound will take care of everything for just a small fee. Boy — is my roommate lucky. Well, I have to run to pick up some more of that expensive medicine. I miss you all very much and hope to he home next weekend. '/upTnamh COURT Eddie Dominguez ( Joe Arciniega 7* 8z m (foi m A Love and kisses, If you want the real thing, not frozen or canned . . . We call It 'Mexican Food Supreme.” O Dallas location: 3071 Northwest Hwy 352-8570