National
THE BATTALION
MONDAY, NOVEMBER 2, 1981
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Monday
PARKER COUNTY HOMETOWN CLUB:
ing at 7:30 p.m. in 507 Rudder Tower,
A&M CYCLING TEAM: Bi-monthly club meeting at 8 p.m.
in 140 MSC.
ORANGE COUNTY HOMETOWN CLUB:
for Aggieland will be taken at 6:30 p.m. in the MSC lounge.
AGGIE ALLEMANDERS: Square dancing from 7 p.m. to
10:30 p.m. in 255 G. Rollie Wnite.
picture
lounge.
-V/ ^
TEXAS A&M GAMERS (GROMETS): Monthly meeting at
dhly i
ted.
7:30 p.m, in 401 Rudder. Dues will be collected.
CARIBBEAN STUDENTS ASSOCIATION: Meeting at 7
p.m. in 303 Physics building.
FORENSICS SOCIETY: Meeting to finalize touranament en
tries at 7:30 p.m. in 109 Military Science building.
LUTHERAN STUDENT MOVEMENT: Bible study at
7:30 p.m. in 350 MSC.
CATHOLIC STUDENT ASSOCIATION: Bible study at
7:30 p.m. in St. Mary’s Student Center.
A&M CYCLING TEAM: General meeting at 8 p.m. in 140
MSC.
RIO GRANDE VALLEY HOMETOWN CLUB: General
meeting at 7:30 p.m.
DEBATE SOCIETY: Meeting to finalize entries and turn in
evidence assignments at 7 p.m. in 109 Military Science
Building.
ALVIN HOMETOWN CLUB: Meeting to discuss Novem-
ber/December activities at 7 p.m. in 115 Military Science.
TAMU JAZZ BAND: Rehearsal at 8 p.m. in the Commons
lounge area. Newcomers are welcome.
MEDINA COUNTY HOMETOWN CLUB: Meeting to
discuss upcoming activities at 7 p.m. in 501 Rudder.
OCA: General meeting to dicuss street and dance and bonfire at
6:30 p.m. in 701 Rudder Tower.
Interest rates drop;
New York stocks soar
401
. 207 Har-
tures
lobby.
MSC HOSPITALITY.
Rudder.
ACC: Meeting for officer elections at 7:
rington.
ASET: Aggieland pictures will be taken at7:30p.m. in 102A&A.
RECREATION AND PARKS: Club meeting at 7 p.m. in 202
Francis. Recreational dance steps after meeting.
AMERICAN INSTITUTE OF CHEMICAL EN
GINEERS: Aggieland pictures and Dr. Azis Odeh of Mobite
Oil will speak at 7:15 p.m. in 127B Zachry. i|l
MSC CEPHEID VARIABLE: General meeting at 7:30 p.m.
in 302 Rudder.
POLITICAL SCIENCE SOCIETY/PI SIGMA ALPHA:
Elections will be held plans for year will be discussed at 7p.m.
in 127 Bolton.
AMERICAN SOCIETY OF SAFETY ENGINEERS
(ASSE): Guest speaker Robert Stark with Marathon Oil Co.
will speak on “Storage Tank” in 104A Zachry at 7:30 p.m.
United Press International
Those sky-high interest rates —
the bane of house-hunters, would-
be car buyers and consumers
everywhere — took their toll on
the new home market in Septem
ber. But help could be on the way.
The government reported the
average new home cost $82,000 in
September, and sales hit a record
low.
But the Federal Reserve
announced Friday it is cutting the
basic discount rate — the interest
it charges banks and other finan
cial institutions that borrow from
it — from 14 percent to 13 percent
effective today. That move could
ease interest rates.
It already has affected Wall
Street, which following correct
predictions of the Fed’s action,
showed its biggest gain in two
months Friday.
The Commerce Department
said only an estimated 26,000 new
single-family houses were sold in
September compared to 48,000 as
recently as March.
The figures suggest price cut
ting did not help. The average and
median prices of houses both
dropped from August as demand
fell. The national average was
down by $4,700 from August to
September. In many recent
months the average price kept
climbing, as diminished demand
chased an even smaller supply.
The Dow Jones industrial aver
age, down more than three points
at the outset after surrendering
4.66 Thursday, soared 19.60
points to 852.55, the biggest gain
since it climbed 20.46 on Aug. 24.
Henry Kaufman, who long has
said interest rates soon would hit
record highs, triggered an emo
tional buying spree when he said
the Fed probably would adopt a
policy of monetary accommoda
tion for the economic slowdown.
The Fed also announced that
the most basic measure of the na
tion’s money supply, known as
M1B, rose $1 billion in the week
ending Oct. 21 to a level of $434.3
billion. That still left it some $6
billion below the lower limit of the
Fed’s target range for money
growth. Analyists said that is likely
to help further lower interest
rates.
On the oil market, Saudi Arabia
decided to cut its production just
one day after OPEC agreed to
charge uniform prices. This will
help eliminate the world oil glut
by early next year, energy special
ists said Friday.
Analysts had expected Saudi
Arabia, now producing almost half
OPEC’s oil, to lower its output in
exchange for the cartel’s adoption
of a $34 base price after 2.5 years
of pricing disarray.
The decision means American;
will pay about two or three centj
more per gallon for gasoline.
Mobil Oil Co., the nation'
second largest oil company, Frij
day launched a $3.4 billion takeov
er attempt of Marathon Oil Co.
the 16th largest U.S. oil firm.
Mobil, which lost a three-wa
bidding battle over the summe;
for control of Conoco Inc., th
ninth largest U.S. oil concern, ha
offered $85 a share for up to two
thirds of Marathon’s 60.165 mill
lion shares.
The dollar gave ground Frida]
to the prospect of lower U.S. inj
terest rates, closing sharply lowe
against all major foreign curre
The British pound surged, re'
fleeting lower Saudi Arabian oj|j
production. Gold prices wer |;
mixed.
In Zurich gold closed S'
$427.50 an ounce, a $3 gain o 1
Thursday’s $424.50. In Londo
the finish was $428 an ounce, u-
$3.50 from $424.50 an ounce.
In New York gold closed a
$428 an ounce, compared tq $429'
and the New York Commodity Ex j
change settled gold at $427, dowi;
from $428.90.
Battalion Classifieds
Call 845-2611
Stamps up to 20 cents;
second hike this year
MAKE IT HAPPEN!
United Press International
WASHINGTON — It costs 20
cents to mail a first class letter
now, dquble the price of only six
years ago.
For the second time this year,
the Postal Service raised the rates
for most classes of mail, hiking the
cost of a first class letter by two
cents and postcards by a penny to
13 cents. Some second class mail
rates will drop slightly. The
changes took effect Sunday.
Postmaster (^ener^l .\yjllfopi
Bolger has said the 90$t qf,a.fir§t
class letter should remain stable
for about two years.
And a Postal Service spokes
man emphasized the 20-cent
stamp was the price originally
sought by the agency’s Board of
Governors.
The spokesman also said the
cost of mailing a letter in the Un
ited States will be the lowest in the
industrialized world in January
when Canada raises its rate to 30
cents.
A survey by United Press Inter
national showed it costs only 5.2
cents to mail a letter in the Soviet
.Union end 12* cents in Spain- It
costs 26 cents in Britain.
The governors’ decision to hike
the rates culminated a fight that
began last year when it requested
a 20-cent first class stamp.
The Postal Rate Commission,
an independent regulatory agen
cy, approved an 18-cent stamp in
February, and subseqently
turned down repeated requests
for the higher charge:
In September, the Board of
Governors unanimously voted to
General Meeting
Nov. 5th
301 Rudder
7:30-8:30
•LASS
> OF
>3
*Class T-Shirts will be on sale in
the MSC Nov. 9-13. They will also
be sold at the meeting.*
Guest Speaker: Dr. Vandiver
Applications are now available in the Cubicle for Softball Tournament
Chairman. They must be turned in by 5:00 Nov. 13. Make sure and sign up
for an interview!
approve the higher rates. Their
action prompted an immediate
court challenge by business
groups that is still pending.
Dead nun stalked, raped
by brutal killer,police say
ARE YOU
United Press International
AMARILLO — A 76-yciar-old
nun who was raped, beaten and
strangled to death in a Francischh
conyent, had apparently been
stalked by her killer,, police said
Sunday,
The body of Sister Padea Benz
was found at about 7:30 a.m.
Saturday after she missed morn
ing mass. The other nuns, think
ing the death was from natural
causes, removed the body and
ordered it prepared for burial, in
vestigators said.
Later, a broken window was
discovered in the convent’s com
munity room and the sisteri sum
moned police, who then ordered
an autopsy.
“We didn’t discover the open
window until afterwards,” said a
convent spokeswoman, who pre
ferred not to be named. “You see,
old sisters sometimes die, and we
just thought she had fallen out of
bed.
“We didn’t realjze until we
found the broken window that
someone had broken into the con
vent,” the spokeswoman said.
Amarillo police Capt. Jimmy
Davis said the autopsy Saturday
afternoon showed the victim had
been sexually assaulted and brut
ally .beaten before she was
'strangled. '--4 i
Davis was outraged:
“I hate sexual killings and this is
an extremely brutal one,” said the
police veteran. “It appears the vic
tim was stalked.”
But the convent spokeswoman
said the 37 sisters at the convent
accepted the death philosophic-
ally.
“It was kind of a tragic thing for
all of us,” she said. “It alarmed us
because we have been here 49
years and have never had anything
like this happen.
“At the same time, our Christ
ian faith teaches us that death is a
part of life. We recognize the evil
in the world, and we just hope her
suffering redeems, as Christ’s suf
fering redeemed us.”
Davis said investigators had no
suspects, and were trying to find a
motive.
BEHIND IN YOUR
READING?
FINALS START IN I WEEKS
WORRIED ABOUT ALL THE READING YOU'VE
PUT OFF-’
THERE'S STILL TIME TO MAKE IT IF YOU
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MSC OPAS proudly presents
Les Ballets Trockadero
November 10/8 p.m.
Rudder Auditorium / TAMU
Tickets available at MSC Box Office or
Telephone MasterCard / VISA orders & pick up at the door
845-1234
►
^4
tmiXIlIIIIIIIITTIIIIITTTT
*-4
DO SOMETHING ABOUT IT—TONIGHT!
Quit worrying and do something about it.
Your slow reading problem can be solved.
Permanently. Tonight we'll show you how,
and teach you how to read up to twice as fast
in the process. Free. No obligation. No hassle.
(Twice as fast is easy. Our average graduate
reads over 5 times faster with better under
standing.) You'll be surprised how fast you can
read after only one hour. And what you
learn tonight you can begin using immediately
to catch up on your reading. Quit being
a slow reader!
DON'T KEEP PUTTING IT OFF!
The load will only get worse, and the time
shorter. Do something about the way you
read tonight.
TOO GOOD TO BE TRUE?
Our half-a-million graduates know it works.
We want to prove it to you. And the best way
is to give you a free sample. You'll leave
reading up to twice as fast after the free
lesson. Forever. Just for coming. So do yourself
a favor. You've got nothing to lose and
everything to gain.
NEED TO READ FASTER?
COME TO A FREE SPEED READING
LESSON TONIGHT
La Guinta Motor Inn
69 J Texas Avenue Across From A&M
J:30 p.i
Evelyn Wood Reading Dynamics