01 Sep 1998
Page 1
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Sep 01, 1998
Page
1
Major U.S. indices fell sharply Monday wiping out gains for the year. The Dow shed about 512 points while the S&P 500 and Nasdaq composite also declined, reversing early-week progress and erasing positives from recent sessions. Investors cited rising yields and inflation concerns as drivers behind the move.
Tokyo shares closed sharply higher for a second straight session, defying Wall Street amid gyrations. Analysts warned of a fragile upturn supported by government linked pension funds intervention, while Japan’s chief planner warned the economy faces a dark phase despite Rubin’s assurances on sound fundamentals. Taichi Sakaiya called the current period one of its darkest stages.
Obituary notices on page 2B list Ellie R. Derrick and Marion Williams. Details of their deaths, ages and surviving relatives appear in the notices.
Monday midday Cash 8 numbers were 1 7 1. Cash 3 Evening drew 5 90. Cash 4 was 08 62. Fantasy 6 produced 28 17 1930, indicating latest Georgia Lottery results and prize options.
The City of Aiken Parks and Recreation wraps up the 1998 Hopeland Gardens Summer Concert Series with a finale by the Aiken Community Band. Attendance reached 11,949 by Monday night, surpassing 12,000 for the summer, driven by varied music and strong community support.
South Carolina again ranks near the bottom in SAT results with the state average dropping to 951 from 953, while the national average rises to 1017. Aiken County holds steady at 979, and State Superintendent Barbara Nielsen outlines initiatives to boost scores, including expanded PSAT access and clearer results for administrators.
Dr. Frank Roberson notes large score increases at Ridge Spring-Monetta Wagener-Salley and Silver Bluff High Schools attributing gains to student effort and teacher support. Wagener-Salley rose 80 points to 924. Silver Bluff also posted higher scores, with details to follow on SAT page.
The Margaret J Weston Medical Center in Clearwater receives a grant over $130,000 to remain open through Now 30 amid financial mismanagement concerns and a pending DHHS audit. Senior auditor Jeffrey Bullock has worked over a month. a final report will decide continued funding.
A fierce Monday night storm floods roads trapping travelers at the Warrenville Depot on SC 421. Vehicles suffer flat tires and an alternator failure as debris and rising water impede crossing. Rescuers arrive within an hour as power flickers and hail pelts the roof. Nearby towns report fallen limbs, mud bars, and continued outages affecting about 800 homes overall.
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