Page 8 THE BATTALION
WEDN^SDA^APRIL^mO^
Hunt clan
still well
financially
s
New rules set
policy sa vings
United Press International
AUSTIN — New rules approved
Tuesday by the State Insurance
Board will permit Texas consumers
to save up to 10 percent on the pur
chase of whole life insurance poli
cies, an insurance industry spokes
man said.
The board unanimously approved
rules permitting companies to mar
ket in Texas an “indeterminate pre
mium” whole life policy. Under the
new rules, insurance companies are
allowed to reduce the premiums
charged consumers to reflect the
companies’ increased interest earn-
ings.
“It’s a better policy for the con
sumers,” said Kenneth Veit of Aetna
Life Insurance Company.
Attorney Larry Temple, who also
represents Aetna, said the higher in
terest rates allow companies to earn
sufficient money on investments to
reduce premiums as long as the in
terest rates are high and inflation
continues.
Under the new policy rules, rates
can increase to a specified maximum
level if the insurance companies’ in
terest earnings drop.
Transit strike
hits New York
United Press International
NEW YORK — New Yorkers
made it to work Tuesday without
subways, buses and its major sub
urban rail link. All were shut down
by transit workers’ strikes for better.;
pay.
Early morning walkouts by Local
100 of the Transport Workers Union
in the city and seven operating un
ions on the Long Island Rail Road
forced nearly 6 million daily passen
gers to improvise ways of getting to
their jobs.
Many walked, jogged, hitchhiked
or rode bicycles across the Brooklyn
Bridge and other major rivers
crossings to Manhattan. Others
formed car pools or took taxis in
surprisingly smooth flowing traffic
during the first morning rush hour
of the strike.
Tracy Jamar got to her midtown
antique shop atop her Arabian horse.
Arrow, and one man dressed in a
business suit zoomed past police
officer Ralph Dire on roller stakes.
Skateboards also were used by the
more daring.
City planners had predicted a
transit strike — the first in 14 years
— would clog Manhattan with
600,000 automobiles below 59th
street, tripling the normal amount.
But many people apparently de
cided to stay home to avoid the traffic
crush or to observe the Jewish Pas
sover holiday.
Several major roadways were re
served for taxis and emergency vehi
cles and city police set up special car
pooling areas and blocked cars with
less than two passengers from enter
ing Manhattan south of 96th Street.
Mayor Edward Koch, who
ordered the city’s emergency strike
plan put into effect, said: “It is ob
viously going to be very painful.
There will be great inconveniences. ”
Government
to buy corn
United Press International
WASHINGTON — The Agricul
ture Department Tuesday
announced purchase of about 33 mil
lion bushels of com in an effort to
prop up declining grain prices fol
lowing the embargo of grain to
Russia.
Officials have said they will buy
enough com to raise prices to the
levels they would have been at with
out the embargo. They would not
predict exactly how much com will
be purchased, but maximum purch
ases are expected to be 350 million
bushels.
Prices at which the com was pur
chased were to be announced later.
On Jan. 4, President Carter
embargoed 17 million tons of grain
and 1 million tons of soybeans to re
taliate for the Russian invasion of
Afghanistan.
Wheat purchases are expected to
total about 150 million bushels.
Purchases will continue on a regu
lar basis. The next bids to sell com to
the Agriculture Department’s Com-
modity Credit Corp. will be
accepted on April 10 and bidders will
be notified April 14.
United Press International
DALLAS — Despite the plunge
in prices, the Hunt family has not
lost money in the silver market, a
family spokesman said Monday.
Attorney Ivan Irwin, who has
handled the Hunts’ affairs for about
20 years, said recently publicized
financial problems of Nelson Bunker
and W. Herbert Hunt were caused
by “a cash crunch. ”
Irwin told the Dallas Times
Herald the Hunt family “is still
worth billions of dollars.”
“When silver was $50 (per ounce)
they were wealthier than today,”
Irwin said. He said the family paid
$10 an ounce and even when the
silver market dipped to $10.80 last
week, the Hunts still were ahead.
“Silver is now selling for about
$14,” Irwin said.
The failure of the Hunts to meet
$100 million in margin calls on their
huge silver speculations led to a rout
in commodities and stock markets
last week that, by some accounts,
nearly caused a major financial crisis.
Monday it was announced the
Hunts have agreed to a two-part debt
settlement scheme that includes
selling 8.5 million ounces of silver
and unloading “significant” amounts
of oil and gas.
In the second part of the deal, the
brothers paid Wall Street brokers
Bache Group Inc. $17 million to be
applied to their accounts. It was the
Bache margin call — asking for the
principle on stocks originally purch
ased at a percentage of the full price
— that set off last Thursday’s market
furor.
Alien job
program
outlined
United Press International
SAN ANTONIO — Gov. Bill Cle
ments took advantage of a speech to
Mexican-American business leaders
Tuesday to promote his proposals for
a temporary work program for Mex
ican workers and for increasing trade
and industry along the Texas—Mex
ico border.
The governor told 200 members of
the Mexican-American Business and
Professional Association about his
program which would guarantee
Mexican aliens a fair wage, protec
tion under American laws and de
cent living conditions.
“I’m not talking about amnesty as
the current administration prop
oses,” Clements said. “Instead, I
think we should document these
workers by granting them temporary
, work visas that would be issued for a
limited period of time, for example
three, six or nine months. These
workers would be given a Social
Security number and then would pay
taxes and thus be entitled to govern
ment benefits such as public educa
tion for their children.”
Clements, who has traveled to
Mexico six times and met with Presi
dent Jose Lopez Portillo twice since
taking office, said his temporary visa
program, “is the only right thing to
do and we must give it our best
effort. I think we can make it work for
both nations.”
Clements also outlined his efforts
to stengthen business ties to Mexico
and bring industry to the depressed
border area.
He said his Regional Develop
ment Office is sponsoring six semi
nars on industrial development,
three of which took place in
Laredo and El Paso during Mi
The seminars explain how bull-
communities can sell $10 milliui I
bonds to provide low-cost loansj|
industrial plants under the Devek
ment Corporation Law which d f
ments signed last year.
Ui
BETTI
en-yeai
“We also have made a survey
hanks along the Texas border rt
to determine their interest in partij p s *
pating with private capital tocre : p j , rc
regional border minority enterpr* ver
small business investment corp;-|“ n ' n 8 •
tion,” Clements said. | Top dc
the natio
The governor said that he is [ through \
suing expansion of a Mexico C; ! re cordinj
trade office of the Texas Indus* The eij
Commission for wider promotic: take 1
international trade and tourism T 0 desigi
Mexico. Hicient 1
world.
LOW LOW PRICES
SAFEWAY
[Open Easter
Sunday
legular Store
„ , Hours
Safeway
FREEZES PRICES
On ALL SCOTCH BUY
Products!
HERE’S ANOTHER POWERFUL WEAPON FROM
SAFEWA Y TO HELP YOU FIGHT INFLA TION . . .
Safeway pledges that there will be no increase in the retail prices of
SCOTCH BUY Products during the 30-Day Price Freeze effective
March 6 to April 6, 1980.
“SCOTCH BUY,’’ Safeway's own popular line of good quality
economy priced staples, includes such items as flour, canned fruits
and vegetables, detergents, coffee, tea, peanut butter, margarine,
paper products, lunch meats, frozen foods, panty hose and many,
many others. SCOTCH BUY items appear on every week’s shopping
list! Safeway’s SCOTCH BUY Price Freeze gives you a chance at
savings that really mean something!
scotch buy
Salad Dressing
94m Jfi
Express Checkstand Open Til Midnight!
Scotch Buy
Paper Towels
44
125 Ct.
.. Roll
Mrs. Wright's
White Bread
V/2 Lb.
. . Loaf
Scotch Buy
Bathroom Tissuel
Garden Fresh Fruit and Vegetable
Oranges
Navel
California
Seedless .
Frozen Foods!
Bakery Treats!
For That
Special
Holiday
Dinner!
Bel-air Pina ^
X. 99«
Hot Dog Buns
3 rt 0 ,;*!
Jelly Filled Donuts ...
"£69*
Hamburger Buns
3’p\n
Orange Juice
Scotch Buy, Frozen
•s.33*
English Muffins
Crushed Wheat
1VU Ik. e«<
luaOz
Mellorine
Joyett
Frozen Dessert
Vz Gal.
. . Ctn.
I Brawn N'Serve Rolls
7Q C >~*»
Bi 'IhI&Sp* *11.4 Oz. Flaky Gems I
til or •! 3 Oz. Cloverleaf. . . Milfi For 1
Green Onions A $1
By-the-bunch For I
Mushrooms «>,7Q4
Fresh, Country Stand Pkg. B M
Pineapples TQ4
Yellow Onions 1C4
Mild Lb. I ^
89'
Potatoes
Russet (5 Lb. Bag...69*) 8 Lb. Bag
Artichokes O $1
California For
ApplBS Washington
Golden Delicious, Extra Fancy Lb. M
49*
*1.39
99*
BHr) Scotch Buy
ss&j F|our
Instant Tea
Crown Colony
n es Small or Large
ms. Extra Fancy Lb
Raisins
15 0z
Town House, Ctn
Prunes
Pitted, Town House
12 Oz.
. . . Pkg.
;|gr Beautiful Plants And Flowers!
Easter n
Lilies 6" Pot
(Available
Through
Easter
Sunday)
Come By
and See Our
Wide Selection of
Other Easter Flowers!
. . . . Each
Mums Foil Wrapped
P " .*3.99
LOW PRICES
More Low Prices!
Coconut ssrr »,.■
Shortening ST. 4l £*1.19
Corn Meal Know . „„„
5lb 89*
Mrs. 13.75 01. CQ4
Wright s Pkg. jV
Hot Roll Mix
Biscuit Mix ”£79‘
Tomato Juice "SiSf
New Potatoes Jr.
Instant Potatoes ,
65*
Town 16 Oi.
House Pkg.
Edge Shaving
Gel
jr
' rviSZa i
Cartridgto.il.83
1 _69'l
Polaroid SX-TBs* ■jl
WSTB SC®.#!
i^ s H Pan .89
:fp *)i
!; PRINTS
K nosia
tag --- ^
Color Print Sa,ew $ a |
FiimirB’^i 1.28
U\ST
TWO,.
VJEEK^l
Sesame Street
...
^ Library
* Volumes $1 QQ
, * .14and IS... Each 1*77
Big Bird Display Rack Each *4.95
Complete Set of 15 Books Each *28.85
Tappan
#56-1226
Microwave"
28 Minute
Timer and
Defrost
Cycle. . .
Superior
Box Fan
20 Inch
Each
SAFEWAY
SPECIAL
Each
m AojULmiS)•
Color Prints 12 Exposure .
Color Prints 20 Exposure.
Color Prints
24 Exposure.
m*1.99
Each $2 ^
*3.49
. Roll
Each 1
. Roll
Chui
Chic
Tom
Jel
Uw Pri
Color Prints 36 Exposure . . . . “*4.49
i
“C
s<
u
Jc
Prices Effective Thursday, April 3 thru Wednesday, April 9, 1980 in BRYAN-COLLEGE STATION
UW,
Everything you want from a store