The Miami News from Miami, Florida • 10

10A Friday, December 7, 1984 'The Miami News NM i Fllousida jobfies craves let V111111 II Assedeted Press Atlantic Gulf relocating its headquarters to Miami 7.3 percent to 7.0 percent. Since national civilian joblessness hit a post-Depression peak of 10.7 percent in November 1982. with more than 12 million people listed as unemployed, some 6.8 million jobs have been created. prin cipally service jobs In areas such as retail, hotel, restaurant, hospital, banking and insurance. Government figrues also show that since November 1983, when the jobless rate was 8.4 percent, total employment has grown by 3.2 million while the roster of the unemployed has shrunk by 1.3 million.

In testimony prepared for delivery to the congressional Joint Economic Committee. the director of labor statistics, Janet L. Norwood, noted that a separate survey of business establishments not used in compiling the unemployment rate showed the addition of about 300.000 jobs in November, approximating the job-growth figures reflected in the department's random survey of 60.000 households that Is used to compile the unemployment rate. Norwood said that November labor market developments contined the pick-up in employment which began in September following slow growth during the summer." But she also said that "indeed. there has been vir.

tually no growth In factory jobs since the summer." Only about 19.7 million of the record 105.9 million jobs last month were In manufacturing industries. On the eve of today's announcement. analysts said that many corporation executives feel confident of continued Job growth through the remainder of this year and well into 1985. The October-November inprovement was evident among the various worker groups. although the rate for adult men, at 6.3 percent, was unchanged.

In detail. these were the month-to-month changes for other groups: cen. wtAd.ult women, 6.6 percent, down from 6.9 per. "Teenagers. 17.5, down from 18.8.

4 sewhites, 6.1, down from 6.4. to Blacks. 15.0, down from 15.4. 10.0, down from 10.9. The report said that "all of the decline in unemployment over the month occurred among those who were jobless for less than six months." At 1.4 million, It said, the number of people who had been out of work for longer than six months held relatively steady.

WASHINGTON Civilian joblessness fell to 7.2 percent last month, the first significant drop since June, as the creation of roughly 300.000 jobs pushed American employment to an all-time high, the government said today. In Florida, the unemployment rate came down to 5.7 percent in November from 6.4 percent in October. With a record 105.9 million Americans holding Jobs, the labor force resumed its dramatic improvement after a four-month period of practically standstill unemployment, the Labor Department said. As overall employment set a record, the ranks of those officially listed as jobless plunged by approximately 275,000, from 8.43 million to 8.15 million. The November report was the brightest since unemployment fell from 7.5 percent to 7.1 percent in June.

The jobless rate, however, bounced back to 7.5 percent in July and August. fell to 7.4 percent In September and held at that rate in October. An alternate unemployment rate, which combines the 114-million civilian labor force with the roughly 1.7 million members of the armed forces stationed in the United States, fell even more dramatically, from Atlantic Gulf Airlines, which recently sought protection from Its creditors under federal bankruptcy law. will relocate Its headquarters to Miami, the company said yesterday. Atlantic Gulf said its executive offices would be moved from St.

Petersburg-Clearwater International Airport to the Gateway of the Americas park at 8725 N.W. 18th Terrace. The airline also promoted Fred E. Luhm from executive vice president to chairman and president. And It said a new owner may be In the wings United Resources the parent of corporations that developed the Country Club of Miami.

Atlantic Gulf said United Resources "has provided initial funds" and Is negotiating to purchase control of the carrier. Last week, Roger Brown's Miniature Horse Farm Inc. of Pompano Beach dropped out of negotiations to acquire Atlantic Gulf. Fight for Pantry Pride not over, both sides say Blair 81 Co. acquires Channel 51 John Blair Co.

of New York has completed its acquisition of Channel 51 and said the station will resume broadcasting in the Miami-Fort dale area in the first quarter of 1985. The TV station, previously WKID, will be called WSCVTV. Blair said yesterday the station will offer programming in Spanish, including locally produced news, information and variety shows. It said other programs would come from Blair's Telemundo production subsidiary. Julio baut, president of Blair Spanish Television of Florida, will be the station's general manager.

Blair purchased the station from Oak Industries Inc. for $17.9 million. Blair now owns five television stations as well as eight radio stations. RICHARD COLE Associstwl Prins 1 I 0 1 i 1 Iit, .1, 1 40 1 Qtftc tto "'Ir. r-' 'z'''''' 4r dooakl, ei47 1 1 .4 i' IT rIll: 1: A.

4 gl 40'46 I 4 Chrysler OKs stock repurchase Chrysler Corp. directors yesterday authorized the repurchase of about one-fifth of the company's common stock, a move viewed as another break from Chrysler's days of financial trouble. The authorization was for 25 million shares. Chrysler said it had about 124 million shares outstanding. Voting for the new board of directors closed with yesterday's meeting, but the results will take up to two weeks to certify.

Gentry said. Dissident shareholders, led by Rooney and Pantry Pride's largest shareholder. Dwight Devon, opened the fight last month by charging existing management with responsibility for plunging stock prices and for lower profits, which dropped from $15.5 million to $9.9 million over the last three years. The dissidents also accused management of being overpaid and said board members, who collectively own only about 1 percent of Pantry Pride's stock, don't have an Interest in the company. Gentry has countered that the recent acquisitions of the Devon electronics and Adams drugstore chains will brighten the earnings picture.

Pro-management shareholders at the packed meeting challenged Rooney sharply on the success of his Rooney, Pace Group, whose shares have dropped from $8 to $2.50 since it went public a year The stockholders meeting initially was disrupted by complaints that many shareholders were left Out in the hallway. Attorneys for Rooney's group tried to keep balloting open until certification of the election results, but Gentry refused their motions. Following the meeting, dissident-group attorney Thomas Schwarz said he would file suit in Delaware courts to keep balloting open until certification. The bitter proxy struggle for control of the MO-million Pantry Pride supermarket, drug and electronics conglomerate boiled over in a rowdy stockholders meeting in Fort Lauderdale yesterday, but results of the balloting could take two weeks to announce. Both sides said the battle for control of the board of directors, which has cost millions of dollars, is far from over.

The proxy fight has helped drop the stock's price from above $5 a share to $3.75 in the last month. A crowd of stockholders at times pushed and shoved to enter the packed meeting room, with pro-and anti-management members exchanging insults across the floor. After the meeting, Grant C. Gentry, chairman and chief executive officer of Pantry Pride refused to say whether management had voted enough proxies yesterday to fend off the dissidents' challenge. But he said, "I slept well last night, and I'll sleep even better tonight." Patrick J.

Rooney, the New York investment-firm owner who heads the dissident shareholders group. arrived 45 minutes late for the voting. He said afterward he was trying to close last-minute deals for Pantry Pride stock. "I'm continuing on a program whether we win or lose," he said. I 1 i I I 1 SC Associated ems Dollar eases; gold steady The dollar edged lower against most major currencies early today in quiet European trading.

The British pound was quoted at $1.2055, unchanged from yesterday. Gold prices were little changed. Gold opened in London at a bid price of $330.50 a troy ounce, compared with late yesterday's $330.25. At mid-morning today, the city's five major bullion dealers fixed a recommended price of $330. In Zurich, the bid price also was $330, but it was a shade higher than yesterday's close of $329.75.

In New York yesterday, gold rose 40 cents to close at $330.50. Silver was quoted in London today at a bid price of $7.03 a troy ounce, up from yesterday's $7.02. Board chairman Grant C. Gentry speaks 'Non-bank' moratorium bill sent to Graham Oombined Miami Niws Servien sales-tax receipts, but differ on relatively minor issues. The Senate approved its version 36-1 with Sen.

Robert Johnson, R-Sarasota, dissenting. The House then substituted its proposal and passed the measure 105-12, setting the stage for negotiations between chambers. 1 The House approved a measure exempting businesses from a tax on cogenerated energy that has been criticized as counterproductive to energy conservation. The state currently levies a 5 percent sales tax on cogenerated energy. The bill passed by the House, 119-0, would relieve companies of the tax burden.

fly," said Sen. Mattox Halt, D-Jacksonville, sponsor of the moratorium. He said he didn't want to see non-bank banks collect deposits in Florida and take the money out of the state Instead of using it to make loans in Florida that could boost the state's economic development. Many Florida bankers see non-bank banks as a back door to interstate banking. In other legislative action yesterday: The House and Senate passed differing yellsions of legislation to repeal Florida's controversial unitary tax.

Both bills would hike the general corporate income tax from 5 percent to 5.5 percent and give merchants more time to turn over monthly TALLAHASSEE A bill that would put a six-month moratorium on the creation of "non-bank" banks in Florida cleared both houses of the Legislature yesterday and was sent to Gov. Bob Graham. The Senate passed the bill (SB 10A) by a 33-3 margin before the House endorsed it 117-2. It was the first bill sent to the governor during the two-day special session that ends today. Both chambers had voted to put the bill on the agenda with the required two-thirds approval for items that had not been included in the original schedule for the session.

"We are trying in Florida to control our own desti Shultz says Caribbean Basin policy on right track Florida notes The 69-unit Esquire House apartment building at 1840 N.E. 186th North Miami Beach, was sold by developer Martin Z. Margulies for 61.95 million. The buyer, according to broker Bard Brenner, was Skyiake Associates Limited Partnership Key Pharmaceuticals Miami, increased its quarterly cash dividend to 5 cents a share from 4 cents Cache Miami, reported November sales of $1.3 million, up 23.1 percent from the same month last year Cenvill Development Corp. and Convill Properties West Palm Beach, said they are making no recommendation to stockholders on a tender offer by First American Bank and Trust, but they said all of their directors plan to accept the offer for shares they own personally First Bankers Corporation of Florida, Pompano Beach, signed a letter of intent to acquire 629-million-asset First Citizens Bank of Florida, Tampa, for about $5.3 million Armel Fort Lauderdale, said earnings for its third quarter ending Oct.

31 increased to 6246,000, or 22 cents a share, from $167,000, or 15 cents a share, in the same period last year. ROBERT ADAMS Miami Wows Reporter ry, our history of colonialism, of unequal distribution of wealth." And Kennedy Simmonds, prime minister of St. Kitts-Nevis, said that while the islands are trying to develop, the United States in Its Caribbean Basin Initiative is paying less attention to them than it is to Central America. "While the aid component of the CBI poured millions of dollars into Central America, it sprinkled pennies Into the Caribbean," Simmonds said of the two-year-old program. The ballroom of the Hyatt Regency Miami, where Shultz spoke, was heavily guarded by local and federal law-enforcement officers.

About business and government officials from Caribbean Basin countries and the United States heard his remarks. In his speech, Shultz said that only the private sector can stimulate sufficient economic development of the region to provide for a democratic future. of a better, freer life "Jn Central America, the democratic countries are patiently searching for peace while working to foil the propaganda and the subversion of home-grown and foreign communists. There, too, the general situation is slowly improving." But one visiting prime minister. who Is critical of U.S.

policy In the area, said the Caribbean's problems are economic and not "amenable to military solutions." John Compton, prime minister of St. Lucia, told the conference that without help in developing economic Independence so they can feed, clothe and employ their people, Caribbean Islands become vulnerable to Marxist solutions, the Associated Press reported. In order to succeed In the Islands, capitalism must develop "a human conscience," Compton said. "The problems of this region are not problems that are amenable to military solutions," Compton said. "They are problems that are deep-rooted In our hist- Secretary of State George Shultz said in Miami yesterday that the United States is "on the right track" in its policy to encourage democracy and economic growth in Central America and the Caribbean.

yo In a luncheon speech to the ISt Miami Conference on the Carib. to, bean Shultz said the political cli mate in the Caribbean has im- A i v--i 1 proved since the United States zi4 y. NW participate(' in the "rescue opera. 0 lion" in Grenada last year. 1 i "Since then, the security situa.

tion and general confidence in the Eastern Caribbean have much improved," Shultz said. "The Shultz people of Grenada went to the polls this past Monday and chose a new government committed to democratic principles and the creation Si laZ U-M students put Harris gift to work Peopie in business Sun Bank of Miami has appointed Douglas S. Loria branch manager of its Kendall office Arthur Foster has joined 's McFarland Drier Advertising as a account supervisor vice T- president Jeanne Kande' (ii: erl I has been named sales manag-4 er of the Ramada Hotel Miami Ar ---r International Airport The 1 Miami office of the KMG Main I Hurdman accounting firm has ...4 named Joseph H. "Jay" Baum iii etia A Crl a partner Richard Kyle has LOril joined the Marco Polo Hotel as director of sales and marketing John Nellor has been named group senior vice president at Barnett Bank of South Florida's operations center Richard P. Finamom a Barnett Bank commercial real-estate loan officer in Broward County, has been promoted to vice president.

ELLIS BERGER ammt Nem Reporter The trustee has received an offer to purchase the following PRIME REAL PROPERTY for the total sum of FIVE HUNDRED TWENTY FIVE THOUSAND DOLLARS ($525.00000) 94 LA GORCE CIRCLE, MIAMI BEACH, FLORIDA Spilt level, large 5 bedroom 5 bath, waterfront with boat lifts, dock, pool, Jacuzzi, family room with fireplace. eat In kitchen, large living room and separate dining area, large patio's and terraces and much more INSPECTION TUESDAY DECEMBER 11, 1984 between the hours of 200 P.M.-4:00 P.M. The trustee will conduct a sale of this property to the above offeror or to such higher and better Offeror: WEDNESDAY DECEMBER 12, 1984 11:00 A.M. Law offices WEITZNER AND GAMSERO 8370 West Flagter Suite 244, Miami, Florida 33144 ARTHUR WEITZNER AM FOR TRUSTEE JEANETTE E. TAVORMINA TRUSTEE (305) 554-0033 (305) 373-8125 University of Miami engineering students and Instructors didn't bother to wait for today's official dedication of $300.000 worth of computer equipment donated to the U-M by Harris Corp.

of Melbourne. "Our students and faculty have already begun to benefit from this highly sophisticated equipment." said Norman Einspruch, dean of the College of Engineering. The equipment, Einspruch said. "enables us to establish a state-of-theart computer-aided laboratory." The donation of a "HARRIS 800" super-minicomputer, along with $110.000 worth of peripheral terminals and other equipment. is being used in engineering graphics and design courses, faculty and student research, and to interconnect with other computers in the college.

"We consider it an investment both to educate to-morrow's leaders and for specialized research." said James Oyler, vice president and 'general manager of the Harris Computer Systems Division. The HARRIS 800 was built by the company's Fort Lauderdale division. U14J DIAMOND 'SAL L.21.10-1-41, tA141- 8 te" DIAMOND PARIS MUCOUS. Etcetera Pabst Brewing Co. has agreed to be acquired by G.

Heileman Brewing Co. for $11 a share, or $69.3 million. However, to satisfy Justice Department antitrust concerns. Heileman agreed to sell Pabst's Tumwater, brewery and Pabst's Olympia and Hamm's beer brands and Old English 800 malt liquor to a company controlled by investor Paul Kalmanovitz of California Public Service Co. of New Hampshire has completed the sale of $425 million in securities the largest utility financing deal in U.S.

history to help keep the company afloat until the Seabrook nuclear power plant on the New Hampshire coast goes on line. In a related development. Maine's Public Utilities Commission has tentatively agreed to order three utilities to sell their 10-percent aggregate share of the Seabrook plant or -disengage" from the long delayed project In a move affecting 950 workers, B. Goodrich Co. says it will sell, relocate or discontinue its manufacturing of industrial rubber products in Akron, Ohio, by early 1986 Tri-Star Pictures Inc.

has withdrawn an initial public offering of 4.5 million shares of Common stock because of generally unfavorable stock market conditions, and says it -will not consider renewing the concept of a public offering in the immediate Peso's slide increased I I SINK Wed Pms rit i a 1 irtoc, 1 I i'md Irt I I I :31,, 1 1 1 Asett ikvel 11 II FAS 1 it rl 11 II tr lA 1 11 it I It Lb lib VOW .0,, I 1 I Ill Mv I 11 hAVA1 fil I A Ill 1 Dini. cuLuti, 1AI ---P- oil i )) vli iiii --6 ti A. Oitik Ittorti.Ati 04) 0 1 1 to II 1 satiiiiiiji Olt IAA) I tZ) t4 i'P 1 4 i 1 vvii i try ig I gl tr-r-1 1 AK04 DIAMONDWA L54 CT 4- fr 11111 0 I4Is i7o71 1 4( Y.TH, 3 I 11, 0 MA wI ft MEXICO My The Mexican gcvemment has Increased the daily rate at which the peso is devalued. In an attempt to promote tourism. make Mexican goods more competitive abroad and slow the flow of dollars out of the country.

Wincreases the daily slide of the peso to 17 centavos a day less than one-tenth of a U.S. cent from the 13 centavo daily slide in effect for more than a year A year from now, if the 17 centavo rate remains in effect, 266.02 pesos will be worth $1. Yesterday's rate was 204.97 pesos to the $1. It is the first change in the regulation of the peso since September 1983. eig i 1 i Prom foam woressromss soostsor moven Roy Lynch.