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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Oct 05, 1973
Page
9
In a subdued market many theories promise a better year ahead. Analysts weigh price earnings ratios of the S&P 425 and Dow averages and note hope that earnings will revert to longer term norms. The IBM antitrust case and potential rate cuts are cited as factors shaping optimistic forecasts.
Two white victims died in Boston during a week marked by racial violence as black youths attacked and killed Evelyn Wagler, 24, by setting her afire and Ludivico Barba, 65, who was stoned and stabbed while fishing. Police say witnesses describe the assaults and thefts amid fear and school closures.
South Carolina revenue collections remain on track for a budget balanced by a 9 percent+ rise. Wasson notes September may be 10 percent higher than a year ago, with overall three month tax gains across sales 6 percent corporate income 9 percent and liquor and estate taxes up.
Dr John W McDevitt Supreme Knight of the Knights of Columbus will deliver a Columbus Day radio address on WAKN Monday at 6 05 pm speaking on Columbus and our time for the 1 200 000 member Catholic fraternal organization.
The Cause, a new black community group led by L. R. Byrd, accuses Greenville media of keeping blacks uninformed and calls for fair employment and more black coverage. Byrd says the group will press radio stations to hire more Negro announcers and limit advertising with noncompliant outlets. Cleveland Sellers Jr. serves as information director amid his appeal of a riot conviction in Orangeburg.
Revival services begin Sunday at Rocky Springs Baptist Church led by Evangelist Rev. J S Miller of New Ellenton. Services run nightly at 7 30 p m through Friday October 12 with singing by Paul Howard. Homecoming will follow Sunday morning worship.
Columbia AP report shows SCE&G comptroller Tom M Groetzinger request PSC approval for an 18 million annual increase split as 14 million more from electricity and 4 million more from gas. Current electricity revenue stands at 143 million and gas at 35 million. Groetzinger rejects an alternate arrangement to show a fair return without rate hikes.
Columbia AP report states Bob Hickman, director of the South Carolina Department of Parks Recreation and Tourism, warns a tax stamp increase is needed to cover a shift from 2.5 million in federal aid to 600 thousand. The Senate approved the increase. the House opposes it, planned for land purchases.
The Rev. Jesse Jackson visiting Greenville called the city the basis for an economic change and urged it to lead a national movement for tax reform and jobs for all. He said the great questions are ideological, not racial, and urged blacks and whites to join a redistribution of life’s opportunities.
Gov. John C. West announced three advisory boards for the South Carolina Wildlife and Marine Resources Department to liaise among the agency the public and business and industry. The boards cover marine resources law enforcement and boating and game and fresh water fisheries.
Federal Judge set a jury trial to determine if Parnell Farms can break its spring deal to sell cotton to Pell Cotton Co at 34 cents a pound. Since signing, cotton rose to 70 to 80 cents. The overseer Francis Fields allegedly lacked power to sign. Parnell must deliver at 34 cents and Pell must post a $40,000 bond.
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