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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Feb. 13, 1981)
Features THE BATTALION FRIDAY, FEBRUARY 13, 1981 Page 13 s 1 cents a ts about e seilinj ir prices arrange- r flowen 'erAfeir chase o( Florists 'ee attri- cesfrou t deman- ! some of 1 for Jlj from tlie his roses hes, cost he price, Dropouts, working students more likely to try United Press International WASHINGTON — A nation-wide survey shows that cigarette smoking among high school B seniors appears to be declining and marijuana smoking may have peaked, but cocaine use has doubled since 1975. The study by the University of Michigan’s Institute of Social Research found that alcohol use rose only modestly during the late 1970s among seniors at a nationally representative sam ple of 115 public and 15 private high schools. While the kinds and amounts of such subst ances used shift from year to year, the five-year I survey showed that the kinds of young people acou- laven’t both turned id the t didn't daters by the igh the i tell us eir date ,” says Cocaine use increases among high school seniors most likely to use them remain the same. “Above average drug use occurs among those less successful in adapting to the educational en vironment, as indicated by truancy and low grades, those who spend many evenings out for recreation and those with heavy time commit ments to a job and-or (have) relatively high in comes,” said the report published in the latest issue of the American Journal of Public Health. “Drug use is below average among seniors with strong religious commitments and conserva tive political views.” More girls smoked cigarettes than boys, but males averaged more alcohol and marijuana use than females. There was little difiference among sexes in other drug use. Blacks reported lower drug use than whites, but the report said this might be because blacks had a higher school dropout rate than whites and black seniors may have had less trustjn resear chers asking them to report drug use. The most dramatic shift in drug popularity, the survey found, involved cocaine with its use among high school seniors increasing from 5.6 percent in the class of 1975 to 12 percent in the class of 1979. However, the study found that most of those who reported using cocaine did so only a few times a year. Cigarette use among high school seniors appears to have reached a peak in the classes of 1976 and 1977 and is now trending downward, the report said. Girls surpassed boys in 1978 among.those who smoked at least a half pack daily. In 1979, about 17 percent of the senior females reported smoking that much daily compared to about 15 percent of males while those reporting any use ranged from about 32 percent for males to about 37 percent for females. Daily marijuana use averaged about 7 percent for females in 1979 and about 13 percent for males. Those reporting any use of marijuana ranged from about 32 percent for females to 42 percent for males. After a dramatic rise in the 1960s and early 1970s, the report said the trend continued to 1978 but started leveling ofi in 1979. “It remains to be seen whether these rates will now begin to decline along with cigarette smok ing rates,” the report said. Daily use of alcohol ranged from about 4 per cent for females to about 9 percent for males. Those reporting any alcohol use jumped from about 68 percent for females to 77 percent for males. Worthless bonds sell high in nostalgia investment ) •am, said d insulin > and be le animal stered to d it was lormone ! allergic s experi- which is reases ot cent shi- umber of growing nimal in- k'elop be I United Press International NEW YORK — For investors Siolding stocks and bonds of com panies or governments that have gone down the drain, there’s now hope beyond using the worthless scraps as wallpaper: Scripophily. Joining such time-honored col lector’s treasures as stamps, base ball cards and other memorabilia, idefunct stocks and bonds — with few exceptions not worth a dime in the securities markets today—are now fetching blue-chip prices from scripophilers. In fact, there is not a stock or bond on Wall Street today that sells for anywhere near the prices commanded by a few of the [“busted” certificates issued by governments that were later over thrown or companies that went bankrupt or slowly passed into ex tinction. Scripophily, a fairly recent (activity which budded in Europe iand grew to popularity in England only two years ago, could be the next collectible craze to wash across American shores from the other side of the Atlantic. There are an estimated 10 to 20 dealers across the United States specializing in scripophily. On March 6 in New York, Stanley Gibbons Auction Galleries, the G.S. arm of the oldline British itamp auction house,'will hold what is billed as the world’s largest action of defunct bonds and stock tertificates. The sale of over 300 of these relics of financial history is ex pected to realize at least $125,000. The recent growth in popular ity of scripophily is reflected in the r rapid price appreciation of some certificates. For example, the item which is expected to bring the highest bid at the auction is a 500 pound sterling bond issued by the Imperial Chinese Govern ment in 1898 for a 4Vsi percent gold loan. Since the loan was 80 per cent paid off before default, it’s assumed that no more than 20 of the 100 numbered bonds original ly issued are still around. In 1978, one of the certificates could be purchased for $1,500. Five months ago, one sold in London for $32,000. At the other extreme, collec tors will find many canceled certi ficates of more recent vintage that sell for only a few dollars. Donall Healy, president of Stanley Gibbons, says most of the collector interest centers on securities of the 19th and early 20th centuries through the 1930s. But, he says, some more recent certificates also are popular such as the 1968 bearer shares of Ber nard Cornfeld’s notorious Inves tors Overseas Services Ltd. Early interest by serious collec tors centered on Russian, Chinese and Confederate States issues, which eventually went bust their governments went bust and the new governments refused to honor the previous committ ments. But Healy says some collectors have purchased old Chinese certi ficates on the hopes that one day China might decide to go into the bond market again and, as a show of good faith, honor previous debt obligations. Having lost their worth as tradi tional investments, the certifi- NEW LOOK ay in rt • • THE SHAPE OF THINGS ms Tf HERS SPECIAL Make an appointment and come in together. You'll both get your hair cut and styled for $22.00 total. 846-7614 4417 TEXAS AVE. SOUTH (flext to Luby's Cafeteria.) DIETING? Even though we do not prescribe diets, tve make it possible for many to enjoy a nutritious meal while they follow their doctors orders. You will be delighted with the wide selection of low calorie, sugar free and fat free foods in the Souper Salad Area, Sbisa Dining Center Basement. OPEN Monday through Friday 10:45 AM-1:45 PM QUALITY FIRST cates’ intrinsic value now derives from their scarcity and visual attractiveness. Some are superbly engraved with elaborate designs and vignettes. 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