Newspaper Page Text
Georgia’s Unemployment
Rate Drops For Third Month
Georgia’s unem
ployment rate, dropping
for the third consecutive
month, has now declined
to 6.3, the lowest opoint
since last May’s 6.4,
Labor Commissioner
Sam Caldwell said.
The state’s rate
declined four -tenths of a
percentage point in
October, from Sep
tember’s 6.7.
“This means,” Cald
well said, “that the total
humber of Georgians
without jobs decreased
by almost 10,000 (9,876)
during October.”
At the end of Sep
tember, 162,023 persons
in Georgia were unem
ployed, while that total
dipped to 152,147 at the
end of October. The
decline in joblessness in
the state was attributed
to increases in retail and
auto sales.
“Retail sales increased
in October as buyers
continued to make
purchases for the
Christmas and winter
seasons,” Caldwell said.
“The selling items were
winter clothing, leisure
goods and household
furnishings, and although
employment rose in
October in retail stores, it
was not up as much as in
the past.
“That’s the good
news,” Caldwell ex
plained. “The bad news is
that the prime rate is
rising rapidly, along with
inflation. The prime rate
is 17 percent, and that
means heavy contract
construction will slow
down. And the home
mortgage rates are high,
too -- slowing down three
of our prime industries --
heavy construction,
housing and autos.
“The inflation rate is
much too high, too,”
Caldwell continued.
“Inflation only Tuesday
was reported at 12.2
percent thus far in 1980.
“Even though the
Christmas season will
bring about increased
employment, retailers
are leery of over-hiring
because of the slow
recessional recovery,”
Caldwell said.
Employment in all
industries statewide was
up by 7,495, from 2,251,523
in September to 2,259,018
the next month. In the
auto industry, new model
introductions probably
contributed to the 12
percent jump in auto
sales over last year,
Caldwell said.
‘‘One major
automotive company
showed a 15 percent in
crease in sales, while
another recorded a gain
of 8.6 percent,” Caldwell
said, “and as indicated
by the sales statistics,
Georgia’s employment in
the auto industry has
appeared to stabilize in
October, with no major
losses in that sector of
employment.”
Nationwide, consumer
prices in October jumped
another full percentage
point for a 12.6 percent
compound annual rate.
October’s 1.0 percent
increase in the Consumer
Price Index (CPI)
matched September’s
rise, For the first 10
months of the year, in
flation at the consumer
level accelerated at a
compound, seasonally
adjusted annual rate of
12.2 percent. Last year’s
inflation rate was 13.3
percent.
And double - digit in
flation continued to erode
the average worker’s
paycheck in October.
Real spendable earnings -
- after Social Security and
federal income tax
deductions declined by
six-tenths percent.
Over the year, average
take-home pay, after
seasonal adjustments, is
down six percent. About
three-fifths of October’s
price jump was due to
housing costs, which
increased 1.3 percent
after holding steady for
about three months.
Food prices rose by far
less in October -- seven
tenths percent, compared
with 1.6 percent in Sep
tember. It is predicted
that Americans will pay
10 to 15 percent more for
food in 1981, particularly
for beef, pork and poultry
products.
The price of a house
rose 1.5 percent, while
mortgage rates jumped
1.9, the largest monthly
increase since last June.
Rents rose one percent,
the same as in Sep
tember.
Prices for food bought
at the supermarket ad
vanced eight-tenths
percent. Smaller in
creases for pork and
poultry, plus price
declines for fresh fruits,
vegetables and beef
caused the moderation.
New car prices
declined 1.5 percent in
October, after rising one
percent in September.
Used car prices were up
Family Dollar Reports
All Time Record Sales
Family Dollar Stores,
Inc. (NYSE symbol
FDO), a retail variety
discount store chain
serving customers with
417 stores in nine
southeastern states, has
announced all time
record high sales and
earnings for the fiscal
year ended August 31,
1980, and for the fourth
quarter of fiscal 1980.
For the fiscal year
ended August 31, 1980,
Miss Warren
Crowned At
Military Ball
The Perry High School
Air Force Junior ROTC
Cadets conducted their
annual Military Ball
recently at the Robins Air
Force Base Officers Club.
Cadet LtCol Dennis
Peavy, Squadron
Commander, was
presented to the 200
cadets and their guests at
the start of the
ceremonies in the
receiving line which
included:
LtCol (R) and Mrs. Leo
Polnaszek, LtCol(R) and
Mrs. Pat Mahaffey,
(Northside High AEI)
LtCol and Mrs. Ken
Saylor (Warner Robins
High School), Rev. and
Mrs. Harold Ross
(president Perry High
ROTC Parents Club, Mr.
and Mrs. Bill Boyd,
CMSgt(R) and Mrs.
Johnny Barton (AAEI
Perry High) and
MSgt(R)) William
Vincent (AAEI Warner
Robins High).
After the presentation
of the United States
Colors, the ceremony
continued with the
presentation of the Units
Sweethearts: Sharon
West represented “A”
Flight, Delphien Roberts
“B” Flight, Charlene
Roberts “C” Flight,
Bonnie Howard “D”
Flight, Viola Warren “E”
Flight, Alessendra Dixon
“Drill Team” and Connie
Davis “Rocket Club”.
Viola Warren was
crowned “Queen of the
Ball” and will represent
Ga. 66th AFJROTC as
their queen during the
1
Perry Police Chief B.E. Dennard and
Assistant Chief R.E. Shelnutt display the citation
received from the American Automobile
Association for two consecutive years without a
pedestrian fatality in the city of Perry.
5.5 percent, after in
creasing 5.6 percent the
previous month. Air fares
rose 1.5 percent.
“Georgia’s em -
ployment recovery from
the recession has been
slower than experienced
during the 1974-75
downturn,” Caldwell
said, “because in 1974,
the state’s economy was
not so dependent upon
manufacturing.”
“And as the state
becomes more
manufacturing - oriented,
employment becomes
more sensitive to
economic fluctuations, so
this explains the state’s
slow recovery this year,”
sales were $166,854,381, or
approximately 10 percent
above sales of
$151,834,382 for fiscal
1979. Net income for
fiscal 1980 was $8,336,746,
or approximately 8
percent above net income
of $7,737,303 a year ago,
and earnings per share
were $2.05 as compared
with $1.92 for fiscal 1979.
The Company also
reported that the fourth
quarter of fiscal 1980
produced the highest
u
next year. She is a senior
at Perry High, is 17 years
of age and the daughter of
Mr. and Mrs. J.W.
Warren of 922 Elko Rd.,
Perry. She is also a C-2nd
Lt. in the Cadet Corps.
According to a recent gov
ernment survey, heart dis
ease mortality has dropped
steadily for close to 30 years.
he added.
“Economists feel that
rising inflation com
pounds this problem, so
Georgia’s economy is
expected to decline about
four percent in 1980, with
a 3.5 percent drop in
manufacturing.” Cald
well said.
On the employment
front in Georgia, all of the
state’s SMSA’s (Stan
dard Metropolitan
Statistical Area) jobless
rates declined from
September to October.
Albany dropped from
8.6 to 8.1; Atlanta, 5.8 to
5.5; Augusta, 7.3 to 6.8;
Columbus, 7.9 to 7.4;
Macon, 6.5 to 6.1; and
Savannah. 7.4 to 7.0.
sales and earnings of any
fourth quarter in the
Company’s 21-year
history. Sales for the
quarter ended August 31,
1980, reached $42,610,262,
with net income of
$2,206,013 or 54 cents per
share, as compared to
sales of $42,042,955, net
income of $2,054,355 and
earnings per share of 51
cents for the fourth
quarter of fiscal 1979.
In announcing these
results, the Board of
Directors of the Company
also declared a regular
quarterly cash dividend
on the Company’s
Common Stock of 11 cents
per share payable
January 15, 1981, to
stockholders of record at
the close of business on
December 15, 1980.
Leon Levine, Chairman
of the Company, stated
that the record operating
results for fiscal 1980
were particularly
satisfying as they were
achieved during a period
of general economic
recession. He attributed
the increase in sales to
the Company’s ability to
continue to expand the
number of stores in
operation at a time when
sales in existing stores
were declining during
fiscal 1980 on a year-to
year comparative basis
from fiscal 1979. Mr.
Levine stated that the
record earnings
demonstrate the Com
pany’s ability in a dif
ficult economic en
vironment to maintain its
budgeted profit margins
and effectively control
costs and expenses.
I university tested eighty
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Amana Radarange Demonstration
Gilbert Electric is sponsoring a microwave demonstration
Friday, Dec. 12, from 5 to 7 p.m.
Everyone is cordially attend.
'-fv I « *7 ..
jmr ';*',
r ‘ IHk * ***
Is making cookies part of school? It is if you are in Gail Soles’ reading
group at Tucker Elementary School. This just happens to be a fun way to
help develop skills in following directions. These Tucker Tigers
thoroughly enjoyed reading group on this day. Pictured are: left to right -
Ginger Kinnas. April Thompson, Gail Soles, Arthur Goulsby, Paul
Bozeman, Christie Young, Stacy McGhee and Katie Forehand.
Old Fashioned Art Show
To Feature Barbara Keel
Wildlife artist, Barbara
Keel of Auburn, Alabama
will be the featured artist
at Tuggle & Mos teller
Insurance Agency’s sixth
annual Old Fashioned
Christmas Art Show. The
show will be held Sunday
afternoon, Dec. 7 from
1:30 to 4:30 at the
agency’s offices located
at 1013 Main St.
Mrs. Keel, a native of
Opelika, Alabama is a
nationally famous artist
whose work has won
many national and state
awards including
Alabama’s first state
Water Fowl Stamp, Ist
place in the International
Pabst
Names
Treasurer
Charles L. Wallace has
been named treasurer of
the Pabst Brewing
Company. The ap
pointmentof Wallace was
announced by Anthony J.
Amendola, president and
Chief Operating Officer.
Prior to joining Pabst,
Wallace was the Cor
porate Treasurer at
Universal Foods in
Milwaukee.
He succeeds Jay B.
Pieper as treasurer.
HOUSTON HOME JOURNAL, THURSDAY, DECEMBER 4, 1980
Wildlife Art Show and
three first place awards
in the Southeastern
Wildlife Art Show.
The artist’s work is
featured in Disney
World’s collection. She
Free Represents Georgia
A Perry man, Donald
Free, representing the
Ocmulgee River Soil and
Water Conservation
District, will join
representatives of the
nation’s top conservation
districts in the 33rd an
nual Goodyear Con
servation Awards
Program in Lintchfield
Park, Arizona to be held
December 12-15.
The 106 men and
women are outstanding
cooperators and officials
of the first place districts
in the competition
sponsored by The
Goodyear Tire & Rubber
Company in cooperation
with the National
Association of Con
servation Districts
(NACD).
Special guests for the
vacation - study program
will include Norman
Berg, Washington D.C.,
chief of the USDA Soil
Conservation Service;
Sam Chinn, Salinas,
Calif., secretary
treasurer, NACD, and
Charles V. Liles, Salem,
will be showing in Tulsa,
Oklahoma, Flagstaff,
Arizona and at the
National Ducks
Unlimited Convention in
Kansas City, Missouri
during the next year.
Ore., vice president,
Association of State Soil
Conservation Ad
ministrative Officers.
Officers of the
Newspaper Farm Editors
of America and the
National Association of
Farm Broadcasters also
will attend.
Shed Burns
A utility shed at the
home of Mr. and Mrs. Mel
Stewart, 824 Oak Ridge
Drive, received extensive
fire damage when it
caught fire Thursday
about 11:30 a.m.
Two trucks from the
Perry Fire Department
were dispatched to the
scene, and firemen
fought the blaze for about
an hour before it was
completely extinguished.
The fire was contained
within the shed, and there
were no injuries repor
ted.
Fire Chief Gary
Hamlin said the
PAGE 15-A
Local
Appraiser
Appointed
Joseph A. D’Onofrio,
SRA, division appraisal
supervisor, Georgia
Associated Services, Inc.,
Perry, has been re
appointed vice governor
of the Society of Real
Estate Appraisers’
District No. 12 by Louie
Reese. 111, SRPA, MAI,
district governor.
D’Onofrio has been re
appointed for a one-year
term beginning January
1, 1981.
The Society is the
largest independent
association of
professional real estate
appraisers and analysts
in North America with
more than 19,000 mem
bers.
D’Onofrio has been an
appraiser for more than
18 years. His appraisal
practice encompasses
residential and com
mercial properties.
D’Onofrio has been vice
governor since 1978. He is
past president of the
Society’s Middle Georgia
Chapter No. 193. He has
instructed appraising
courses for The Institute
of Financial Education.
D’Onofrio is past
president of The Institute
of Financial Education.
He is a member of the
Warner Robins Society of
Realtors, the Perry
Society of Realtors and
the National
Homebuilders Assoc
iation.
Among the scheduled
events are tours of the
12,360 - acre Goodyear
Farms, a proving ground
for agricultural
machinery and equip
ment since 1917, and
visits to other points of
interest in the Phoenix
area.
workshop portion of the
building was totally
destroyed, while the
smaller storage area
received only light
damage.
Hamlin said the fire is
believed to have been
caused by a wood
burning stove in the
building.
Saturday’s fire raised
the total number of fires
in the city during the
month of November to
eight. During November,
the fire department also
answered two hazardous
condition standby calls,
two false alarms and one
other call.