28 Dec 1982
Page 1
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Dec 28, 1982
Page
1
Chase Manhattan Bank reduced its prime lending rate by a half point to 11 percent in New York, the lowest since August 1980, as a weak economy dampens loan demand and prompts rate reductions across the banking system. The discount rate is 8.5 percent, with three month certificates of deposit at 8.7 percent.
Washington AP Transportation Secretary Drew Lewis spoke at a news conference about his future plans after being linked to a cable television chairmanship. The former businessman joined the Reagan administration in 1981 and could be the second cabinet member to return to private life after Haig’s resignation in June.
Navy Secretary John F. Lehman Jr. states there is no conflict of interest in selling the use of Abington Corp name for foreign consulting to a British peer for $60,000. He keeps Abington as a personal holding.
Foreign interests own 12.7 million acres of farming and timber land, a rise from the mid 1970s trend that has Clemson researchers noting South Carolina's climb into the top 10 states. The land sales, often cash deals, support local economies through farm equipment and fertilizer suppliers, while owners claim most Americans retain 99 of 100 acres.
All-Savers certificates from savings institutions expire Friday after 15 months. The one-year rate stands at 6.26 percent, the lowest since launch, with analysts noting potential benefits for high income savers and those seeking to lock in returns before rates fall. Minimums vary by bank from 100 to 500 dollars.
Q Julson Fulmer, 77, former Aiken City Councilman and grocer, died today at an Aiken County hospital. Services will be at 3:30 p.m. tomorrow at First Baptist Church of Aiken. burial in Bethany Cemetery. He lived at 1332 South Boundary and leaves four sons, one daughter, two brothers, one sister, 15 grandchildren, and six great grandchildren. Memorials to Heart or Cancer societies.
Savannah River Plant plans a total 6 734 operations and 2 642 construction positions for fiscal year 1983. The DWPF and Navy Fuels Facility receive 40 million each, while L Reactor restart cuts funding to 36 5 million and adds 273 operations workers.
Local readers are urged to check the Classified Pages for open positions as many qualified residents seek work. The brief notice promotes employment opportunities and directs employers to browse listings for suitable candidates.
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