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Aiken Standard in Aiken, South Carolina

31 Dec 1980

Page 7

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Aiken Standard December 31, 1980 Page 7 old newspaper archives

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Dec 31, 1980

Page

7

Aiken Firms Close Amid High Rates and Weak Demand

High interest and inflation battered the economy with Tilbury Fabrics and Colonial Equipment shuttering in the Aiken-Verenes Industrial Park after five years. Graniteville and Owens-Corning expanded locally while real estate and banking faced mixed fortunes as costs rose and loans fluctuated.

MENTIONED IN THIS ARTICLE

Aiken County Aiken Tilbury Fabrics Colonial Equipment Aiken-Verenes T. Clifton Weeks Security Federal Savings and Loan Weeks Palmetto Federal Savings and Loan H. Earle Holley Holley Doris Chesser Eulalie Salley and Company Virginia S. Dunkelbarger Virginia Dunkelbarger Real Estate
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Bid Rigging Trial Date Set in Tidewater

Four paying firms and eight individuals pleaded not guilty to federal bid rigging charges on highway paying jobs in Tidewater. Judge MacKenzie set February 23 for the trial in U S District Court Norfolk. Penalties cited: firms up to 1 million dollars, individuals up to 100 000 and three years in prison. Edgar Gutknecht of Atlanta former president of Ashland Warren Richmond division pleaded guilty to two felonies and faces sentencing after the trial.

MENTIONED IN THIS ARTICLE

Graniteville Company United Merchants and Manufacturing Inc Tom Carter Um&m Argentina Carter Am&m Bath Seminole Mills Owens-Corning Fiberglas Middle East Thomas H. Lutenbach Toledo Ohio Owens-Corning Aiken Norfolk, Va Tidewater John A. MacKenzie U.S Edgar E. Gutknecht Atlanta Richmond Ashland- Warren, Inc
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Also Mentioned on This Page

Paula Blackmon Tilbury Big Star Hickman Swint Graniteville Sibley Augusta Comple Robert A. Hrubala Allied General Nuclear Services Barnwell I.M. Hendrix Hendrix North Augusta John P. Potter Jr Potter Allied General Mary King Studio of Dance Jack Yantis Deborah Ducate Richland Ave China Drew Cherry Grove Dinette Broyhill Broyhill Dining Room Den Chatham County Moore’s Discount Furniture DIAL
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