Energy Crisis Undermines Foreign Trade Imbalance
New York AP reports a growing energy crisis undermining the U.S. effort to fix its foreign trade gap. Analysts warn imports of foreign oil and rising energy costs could push the deficit to 25 billion dollars by 1985, threatening the dollar and global markets.
MENTIONED IN THIS ARTICLE
New York
United States
Tion
McLean
Continental Oil Co
National Petroleum Council
U.S
Japan
Unemployed In State Are Now Back At Work
Statewide unemployment rolls eased as 790 South Carolinians returned to work. In Aiken County insured unemployed rose by 23 to 371, 1.6 percent of insured workers, better than last year. State totals show 12,443 on unemployment insurance, two percent of insured workers, with rehiring in textiles and apparel driving the drop.
MENTIONED IN THIS ARTICLE
Aiken County
State Employment Security Commission
Associations Mortgage Loans Reach Record High in June
Washington AP report shows insured savings and loan associations closed $5.3 billion in mortgage loans in June, up 26 percent from June 1971 and 18 percent from May. Forward mortgage investment commitments totaled $4.3 billion, up 22 percent from June 1971 but 5 percent below May. Seasonal factors cited for the May to June rise in loans and fall in commitments.
MENTIONED IN THIS ARTICLE
Washington
Savings and Loan Associations
Preston Martin
Federal Home Loan Bank Board
City Council weighs tax deductibility for fees
North Augusta council, in a 30 minute session, gave first and second readings to a study on making garbage sewerage and possibly water fees tax deductible. The panel also okayed highway department plans to remove parking along a stretch to improve four lane through traffic and scheduled a final reading on a delinquent vehicle ordinance for Sept 5. A mid summer chess tournament was announced for August 12 at the recreation center.
MENTIONED IN THIS ARTICLE
North Augusta
State Highway Department
Carolina Avenue
Summerhill Road
Raymond Walters
Highway Department
Walter Newman
Newman
William J. Mottel
Kelly Zier
North
Mottel
Walters
North Augusta Recreation Center
Revival Planned at Graniteville Church of God
The Graniteville Church of God will hold revival services today through Sunday with Rev. C L Edwards as visiting minister. Services begin at 7 30 p m each evening.
MENTIONED IN THIS ARTICLE
Graniteville Church of God
C.L. Edwards
Mathis Attends Soil Meeting in Miami
D T Mathis chairman of the Aiken Soil and Water Conservation District attended the Southeastern Area Meeting of the National Association of Conservation Districts in Miami Florida.
MENTIONED IN THIS ARTICLE
D.T. Mathis
Aiken
Court Rules Belks Must Pay Eight Million Tax
South Carolina Supreme Court rules Belk Department Stores owe 8 million in taxes after a 1970 dispute. The court said depreciation deductions require reduced posted prices, which it found did not occur. Merchandise was offered for sale at about 35 percent above cost.
MENTIONED IN THIS ARTICLE
Columbia
South Carolina
Supreme Court
Belk Department Stores
Belk
High Court
Also Mentioned on This Page
John McLean
American Chamber of Commerce
London
Edwin Edwards
Louisiana
Elaine
Alan J. Ellender
Houma
George Hamilton
S.C
N.A
Mathis
Soil Meeting
Belk’s
Kirby
Richland
al Tele
Sergio Leone
White Hope” Academy
All True
James Earl Jones
Homer Weems
Slim
Four Eyes
Weedy
Jim
Fats
Hardy
Steve
Charlie Schwartz
Mark Rydell
Edwards
Zenith