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[ What s up
at Texas A&M
Monday
SETA BETA BETA HONOR SOCIETY: There will be a
f meeting about "Service Projects in the Dominican Republic"
i at 7 p.m. in Rm. 204 of the Harrington Education Center.
I STUDENT SENATE; Ward III and IV Senators will be taking
i an opinion canvass at the north bus stop by Reed McDonald
from 11 a.m. to 3 p.m.
FREE-U: There will be a Career Choice Seminar for science and
f agriculture majors from 7-3:30 in Rm. 103 Zachry.
TEXAS A&M FENCING CLUB: The intermediate fencing
class will be held from 8:45-9:45 p. m. in 267 East Kyle. Begin
ning fencing classes are from 7:30-8:30 p. m. in 267 East Kyle,
REVELIEBS: There will be a rehearsal from 6:15-8:15 p.m. in
Rm 003 MSC. Tenors and rhythm guitarists are needed for
vocal music. To audition go by Rm. 003 MSC.
STUDENT T ASSOCIATION: The Public Relations Commit
tee will have a meeting at 7 p. no. in 305 Rudder. Everyone is
welcome.
PARKER COUNTY HOMETOWN CLUB: There will a
monthly meeting at 7:30 p.m. tonight in 507 Rudder.
FORENSICS SOCIETY: There will be a meeting to review
tournaments, finalize entries, and give practice speeches in
Rm. 109 Military Science at 7:30 p.m.
DEBATE SOCIETY: There will be a meeting to review tour
naments in Rm. 109 Military Science at 7 p.m. Evidence
assignments due.
LIBERAL ARTS STUDENT COUNCIL: There will be a
meeting in the Dean’s Conference Room in Harrington at 7:30
, PE
SETA ALPHA PSI: Then." will be a program and reception with
Arthur Andersen 6c Co. at 7 p.m. at the Aggieland Inn.
MSC RECREATION: 'Hie Gromets, TAMU war gamers, will
have a meeting in Rm 350 of the MSC at 7:30 p.m. for the
Warcen 82 Business Committee. Dues will be collected.
AGGIE ALLEMANDERS: Class will dance from 7-9 p.m.
and the club will dance from 9-10:30 p.m. in Rm. 212 MSC.
TRADITIONS COUNCIL: This is "Howdy Week' and t-
shirts are on sale in the MSC all week.
SOCIETY OF PROFESSIONAL JOURNALISTS: Gener
al meeting at 7 p.m. in Rm. 003 Reed McDonald. Delegate to
national convention will be elected.
Tuesday
STUDENT SENATE: Ward III and IV Senators will be taking
an opinion canvass at the north bus stop by Reed McDonald
from 11 a m. to 3 p.m.
DATA PROCESSING MANAGEMENT ASSOCIA
TION: There will be a general meeting and presentation
given by West Texas Utilities about information on careers in
data processing at 7 p.m. in Rm. 124 of the Academic &
Agency building.
AMERICAN SOCIETY OF CIVIL ENGINEERS: Paul
Little from die Turner Construction will speak on "Construc
tion Methods and Techniques for High Rise Composite Build
ings ’ at the meeting in Rm 121 of the C. E. building at 7:30
p.m.
|MSC HOSPITALITY: There will be general meeting at 7:30
p.m. and the committee picture will be taken afterwards in 701
i Rudder,
VRECREATION AND PARKS CLUB: There will In: a speak-
) er on Commercial Recreation at 7 p.rn. in 202 Francis Hall.
The club will go to Pooh s Park for skating after the speaker.
■FINANCE COMMITTEE: There will be a meeting in Rm.
! 212 MSC at 7:30 p.m.
AGGIE PLAYERS: There will be a meeting at 5 p. m. in 144 of
■ the Academic 6c Agency building.
ATM SNOW SKI CLUB: There wall be a meeting about the
i Breckenridge trip and a film w’ill be shown along with adiseus-
sion of fall activities in Rm. 350 MSC at 7:30 p.m.
TAMU RODEO CLUB: There will be a meeting to discuss the
|All Aggie Rodeo at 7:30 p.m. in Rm. 113 Kleburg Hall.
^UNDERGRADUATE ENTOMOLOGY CLUB: There
will be a meeting to disc-uss business at 7:30 p.m. inRm. 102of
the Soil and Crop Seiences-Entomology Center.
PHI THETA KAPPA ALUMNI ASSOCIATION: Fund
raising events and service projects will be discussed at the
meeting in Rm. 104B Zachry at 7 p.rn.
ENGINEERING WIVES CLUB: Alice Howell, a consumer
information specialist with Lone Star Gas, will present "Cook
ing with Spices’’ in Rm. 105A Zachry at 7 p.m.
A&M BICYCLE CLUB: Bike customizing and fitting the bike
to the body will be discussed at 7:30 p. in. in 305 of the Physics
t building.
MSC ARTS COMMITTEE: Pictures will be taken for the
Aggieland at 6:15 p.m. in the MSC Gallery. A meeting will
follow in Rm. 404 Rudder Tower. Wear nice clothes.
jTAMU GEOLOGY CLUB: A guest speaker will speak and
j general business will be discussed at the meeting in Rm. 105 of
the Halbouty Building at 7:30 p.m.
itEXAS AGGIE RODEO ASSOCIATION: NIRA and All
Aggie Rodeo will be discussed at the meeting in Rm. 113
i Kleberg Hall at 7:30 p.m.
IMSC CAMERA COMMITTEE: An Intracommittee dar-
j! kroom techniques presentation and a mock Fall Photo contest
t will be the subjects of the meeting at 7:30 p.m. in 206 MSC.
f SAN ANTONIO HOMETOWN CLUB: There will be a
meeting to discuss dues and the party on Oct, 8th at 7:30 p.m,
in Rm. 110 Harrington.
.TEXAS A&M FENCING CLUB: Beginning fencing classes
will be held from 8:15-9:15 p.m. in 267 East Kyle.
;A.G.C,: There will be a meeting at 7:30 p.m. in Rm. 207 Har-
rington. Hugh Radney of Hugh Radney Inc. will be the
I speaker.
SAN ANGELO WEST TEXAS HOMETOWN CLUB;
There will be a meeting at 8 p.m. in 501 Rudder. Dues will be
collected ($3.00) and a party will be planned.
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*
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TIRED OF COOKING
G*
WASHING DISHES?
Then dine at the MSC
| evening. How can
*
*
*
*
*
*
*
*
*
*
*
*
each |
anyone £
* prepare a meal for as little *
as $2.19 plus tax? You will |
* find the answer at the MSC $
from 4 p.m. to 7 p.m.
evening.
“QUALITY FIRST”
each *
*
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*
*
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>jc ^
Features
THE BATTALION
MONDAY, OCTOBER 5, 1961
Page 9
Gold prices related to inflation
United Preis International
NEW YORK — Although gold
has dropped to about half its 1980
high and could weaken further,
the world’s largest gold supplier
said it can live with a lower price if
inflation also comes down.
"It’s not the actual price that is
so important, it’s the price in rela
tion to the cost of production,”
said Thomas R. Main, an econom
ist and a senior official of the South
African Chamber of Mines. The
Chamber is South Africa’s official
mining group.
"If President Reagan is success
ful in bringing down U. S. inflation
permanently, and that has an im
pact on global inflation, South
Africa then can mine gold profit
ably at a lower price,” Main said.
South Africa s costs have been
rising rapidly — its inflation rate is
running about 15 percent. The
gold price “still is sufficient not to
cause too much pressure” on its
economy, but if prices fall “in real
terms” it could hurt. Main said,
especially if the recent slowdown
in the world’s industrial econo
mies continues.
Coal exports have risen, partly
because of high oil prices and part
ly because of the virtual cut-off of
exports from Poland to European
countries. But exports of iron and
so-called strategic minerals used
in production of steel and other
metals, have been weaker.
South Africa’s mining interests,
considered the most efficient in
the world, not only in gold, but in
strategics and coal, must be
assured of profits if they are to put
money in exploration and de
velopment of new mines, he said.
“It’s a high risk venture,” he
said. It takes six to seven years to
bring a new mine into production
and the exploration often is under
taken with no assurance of quality
of the mine. “You’ve got to have
reasonable assurance of profits at
the end of the road to make such a
commitment.”
“The recent peaks of $850 and
over $700 were not sustainable be
cause they were based on specula
tion,” Main said, adding that the
Chamber does not look at specula
tive peaks and troughs, but at
much longer-term trends.
“Speculation is a concern be
cause it distorts reality, not only in
gold, but in all commodities,” he
said. "I personally don’t believe
gold should be bought specula
tively. It should be used to ba
lance a portfolio, to optimize in
vestment with a store of value.”
The Chamber is watching with
interest deliberations of the Gold
Commission formed to study the
return to a gold standard for the
dollar, but Main said he didn’t
want to comment directly on a
U.S. domestic committee.
Speaking generally, Main said,
“We do believe that gold has an
inherent and natural international
monetary role as collateral, as a
major reserve asset.
“The problem is not gold; the
problem is price stability, and
that’s a political decision in every
country in the world.”
Main added there are various
ways of achieving monetary disci
pline and if stability in terms of
price can be achieved, “which
must be done to restore confi
dence in the dollar, you don’t
need a gold standard."
However, Main hastened to
add that gold is not just a metal; it
has all the attributes of money.
Main said: “Gold is scarce, it
lasts forever, and its beauty never
changes. In the end gold always
comes back. In the long term, it
will have to go higher.”
St. Mary’s Catholic Church
HOMECOMING FESTIVAL
103 Nagle, College Station, Texas
Sunday, Oct. 11 11 a.m. to 7 p.m.
Bar-B-Que Beef & Sausage Dinner
11 a.m. to 2 p.m.
Adults — $4 Children under 12 — $3
GAMES AUCTION REFRESHMENTS
COUNTRY STORE RAFFLE FOR CASH
AGGIE
COWBOYS
BOURBON ST. BASH!
•* ■ AT U Ml NO
spirit nf $ftzazz!!
T MS MOUMMON •T. »AMTY BANC
Friday, October 9th
-o 00j 7-’30-12pm —"
$3 Brazos Co. Pavillion
'•mnAi.a a * t ■
aaNBF iTTINCS TM« AManiCAN HBAHT ASSOCIATION
\mm efficient nome?!
SPECIALS
Sun.
Mr - Lone Star
Spilp Longnecks
' Dime Beer
Noon to 7.
7 to 9
Mon. L*1 Drinks
' 50t Beer
Men’s Nite
“Monday Nite Football”
On Our Big Screen TV!
Tues. 50<; Drinks
Ladies Nite
Wed. * 1 Margaritas
Thurs. 2 for 1
’til 10 p.m.
“UNESCORTED LADIES
FREE”
HAPPY HOUR 4:00-7:001
Pool, Pinball, 3 full bars, waitresses &
1000 sq. ftp of dance floor on
which to kick up your heels!
“The Finest
Night Club
Within 100 Miles!”
OPEN 7
DAYS
A WEEK
“A Touch of
Country Class!
9 9
Hwy. 6 Across from Texas World Speedway
Money Saving
Film Develoning
Specials
BRILLIANT
LUSTRE FINISH
FROM COLOR NEGATIVES ONLY
From Kodak, Focal, Fuji. OAF and Folomal Him* tZ From Kodak, Focal. Fuji, OAF and Folomal lilms
Color Reprints
DOLOR NEGATIVES
ik, Focal. Fuji, OAF and Foloi
210
OFFER GOOD SEPT. 28TH THRU OCT. 2ND