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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Apr 06, 1982
Page
8
Graniteville Company posted 1981 sales of 343.165 million, a slight rise over 1980. Earnings dropped to 870 thousand dollars, 20 cents per share, down 92 percent from 1980. Dividends were 4.334 million, wages 89.941 million, and payroll 6,198 workers.
New York business leaders criticize high interest rates in ads across 21 newspapers. Lone Star Industries chairman James Stewart argues policy hurts growth with too much money chasing inflation. Reagan voices irritation but vows rate decline. Lenders demand loan premiums, widening the inflation–rate gap.
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