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Newspaper
Monahans News
Location
Monahans, Texas, United States of America
Date
Jan 24, 1982
Page
1
State Comptroller Bob Bullock releases the annual financial report showing Texas population rising to 14.2 million by 1980 and growth outpacing the nation. Personal income, employment, and energy production are highlighted, with nonagricultural jobs up 5.7 percent and oil prices driving value up despite lower output.
In West Texas and the Permian Basin, Monahans dealer Bill Goin Chevrolet thrives with rising sales as Ford and GM dealers face layoffs and wage cuts. The Phoenix zone and high profits buoy the market, with pickups leading demand as foreign cars struggle locally. James Cutbirth of Trio Motors cites floor plan charges and rising taxes as pressures despite strong history making sales.
Monahans City Council schedules a city election for the first Saturday in April with places 3 4 and 5 open Clarese Gough holds Place 3 Ted Leslie vacancy Place 4 and T W Longbotham Jr in Place 5 was elected last year to complete Tom Kelly’s term City Secretary Marge Wilson says candidate filing begins Tuesday An election judge and assistant will be appointed Also on the agenda a potential land option in Airport Addition for a low rent housing project and a major capital improvements program including water and sewer service to the south with a consultant to organize the plans.
Local banks show combined assets of 97 808 000 at year end 1981, up 12 838 000 from 1980. First State Bank end December 1981 assets 48 796 000, up from 44 091 000 in 1980, while First National Bank assets reached 49 012 000, up from 40 879 000. Loans at FNB were 20 378 000 in December 1981, vs 12 956 000 prior year. FSB loans 29 876 000, up from 23 141 000. Deposits at FSB 42 544 000, vs 38 884 000 a year earlier. FSB total deposits 43 892 000, up from 36 849 000. FNB liabilities 44 896 000 in December 1981, up from 37 322 000. 1980 liabilities at FNB were 44 091 000.
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