The Atlanta Constitution from Atlanta, Georgia • 38

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Open 7 days. Broker participation welcome. GULF SHORES The New World Class Resort On America's Gulf Coast sion of the Justice Department. They unanimously urged the subcommittee to reject industry-supported legislation that would limit annual imports of foreign steel to 15 percent of domestic needs for five years. v-.

As the administration was criticizing the legislation that has more than 140 House sponsors, an estimated 500 steelworkers and managers from Bethlehem Steel Baltimore mill rallied on the Capitol grounds demanding quotas. The rally coincided with the arrival of what may be the heaviest petition ever brought to Congress -an I-beam and a steel pipe, each 38 feet long, painted white and covered with signatures gathered as they were trucked across the country from Texas. Brock said that modernization and the closing of inefficient plants are the answers for the steel industry, which lost $6 billion last year. The Associated Press A WASHINGTON Reagan admin-" istration officials voiced strong opposition Wednesday to the U.S. steel industry's demand for quotas on imported steel, saying they would harm the domestic recovery and give steelmakers "a false sense of security." "The net result would be a recurrence of the problems we have struggled to put.

behind us inflation, recession and a less-competitive industrial base," said Commerce Secretary Malcolm Baldrige. "Our overriding policy toward the steel industry must continue to be one which encourages adjustment to the realities of international competition," he said. "Quotas are a false solution to a problem that is well on its way to being solved." Joining Baldrige before the House Ways and Means trade subcommittee were William Brock, the U.S. trade representative, and J. Paul McGrath, head of the antitrust divi- Get the paper.

And get the facts. N.H. to study takeover of power firm Gov. John Sununu said Wednesday he has asked a law firm to analyze the possibility of a state takeover of Public Service Co. of New Hampshire in case the utility goes bankrupt because of the financially troubled Seabrook nu- clear plant Sununu said, he considers that an "unpalatable" alternative to private ownership.

The governor raised the possibility after the Executive Council approved a 1100,000 appropriation for outside legal counsel to help the state weather a Public Service bankruptcy, should it occur. New Hampshire's largest utility could go bankrupt this month if it doesn't get financial help for the mas-' sive two-unit Seabrook nuclear plant construction project Banks have cut off credit for the project because of its escalating cost and the precarious state of Public Service finances. "We are looking at what will probably be the landmark case in utility bankruptcies, if it does occur," Sununu said. Acquisition announced Johnstown American Companies announced Wednesday its acquisition of Southeast Realty Resources an Atlanta-based firm specializing in the management of retail properties. The price of the transaction, which included cash and notes, was not disclosed.

The Atlanta firm, headed by Tom McAuley, has management and lease contracts on 24 shopping centers in the Southeast Delegates to discuss debt Delegates from six of Latin America's heavily indebted nations are to meet with U.S. officials and the International Mone-tary Fund in Washington next week to discuss ways of easing their debt burdens. Delegates from Argentina, Brazil, Venezuela, Colombia, Peru and the Dominican Republic are to meet Monday with members of the Senate foreign relations committee, the House of Representatives finance committee and Secretary of Commerce Malcolm Baldrige. The trip was planned by the Latin American Parliament and the Latin American 4: Economic System SALES LEASING SERVICE TRAINING Dow advances by 3.56 to a 3-month high The Associated Press NEW YORK The Dow Jones industrial average climbed to a WORD PROCESSING SYSTEM HEADS HOUSTON CHRONICLE Richard H.V. Johnson the American Newspaper Publishers Association, which is holding its annual convention in Montreal.

He has been chairman of the Texas Daily Newspaper Associa-. tion, director of the Newspaper Advertising Bureau, and chairman of the board of Metropolitan Sunday Newspapers Inc. Shell execs to offer stock Shell Oil Co. said its president and several other Shell executives will tender their Shell stock to the Royal Dutch-Shell Group of Companies, which is offering to acquire the 30.6 percent of Shell stock it does not already own. The executives said they will tender a total of about 100,000 shares, which represents the stock held by them directly and held for their account in-a company stock fund.

Savannah station sold Savannah radio station WSOK has been sold, subject to approval by the Federal Communications -Commission, to Bay Communications Inc. of Biloxi, which already owns WAEV-FM in Savannah. The purchase price was not disclosed. If the purchase is approved by the FCC, Bay Com- munications will have about 22 percent of the Savannah radio market and the two stations will be the city's only AM-FM combination under single ownership. WSOK's current owner, Ben Tucker, is to stay on as a consultant Kodak; says profit rose 1 Eastman Kodak Co.

said its net profit was higher for the first quarter despite flat sales," citing gains from a smaller workforce and lower silver prices. The film and camera company said it earned 1157.8 million, or 95 cents a share, on sales of $2.14 billion in' the first three months of the The company had a profit of $49 4 million, or 30 cents a share, on revenues of $2.13 billion in 1983's first quarter. Compiled by Frank Tedards An Incredible Value for Your Company or Department! three-month high Wednesday as the stock market's spring rally contitv ued. Eastman Kodak was the standout among the blue chips, jumping 3 points to 64 ft on upbeat earnings news. Dow Jones' average of 30 industrials rose 3.56 to 1,186.56, bringing its gain since the start of the week to 17.49 points.

That marked the average's highest close since it stood at 1,197.03 oo Feb. 3. Volume on the New York Stock Exchange totaled 107.08 million shares, against 110.55 million The market's recent rally has had no help from interest rates, which have remained at high levels. Rates were mixed in the credit markets Wednesday as Wall Street awaited details of the Treasury's plans for its quarterly sale of bonds and notes. After the close, the Treasury said it would sell $16.5 billion of those securities next week The total was about in line with advance Aside from Kodak, the blue chips generally turned in a spotty performance.

General Electric rose to 56, but International Business Machines slipped to 116 and General Motors was down ft at 67v. Advances outnumbered declines on the NYSE by about 3 to 2. (ECLA). Sen. Luis Leon; a mem ber of the Argentine delegation, said the six-nation group may also meet with U.S.

bankers in New -v'. Per Month on Our Commercial Lease Includes SCRIPSIT Word Processing Software i Publishers elect officer Richard J.V. Johnson, president of the Houston Chronicle, has been elected chairman and president of Piedmont says it has ordered 15 737-300S Improve Office Productivity with the TRS-80 Model 12 Business Computer Easily Enter and Edit Correction-Free Text with the SCRIPSIT Word Processing Program a Save Your Work on Floppy Diskettes for Later Revision Print Letter-Perfect Memos, Correspondence and Reports at Over 500 Words Per Minute with the Daisy Wheel II Do Accounting, Inventory, Data Base Management, Spreadsheet Analysis, and More Just Add Software a System Sale Price: $3999.00 (Reg. Separate Items $5932) ILlgDILi LOCK IN (p-fl WORTH OF THESE PRECIOUS METALS FOR ONLY 'Plua applicable waaalea lax. Complete system Include 26-4005, 26-1 158.

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It's the largest fleet expansion program in the company's history. Delivery on the first 15 is ex-pected to begin April 1985, and be completed by September 1986. If the 15 options are exercised, those deliveries would take place during 1986 and 1987. Piedmont didn't disclose financial tarns of the amngement v. The previous largest order for, new aircraft placed by Piedmont was In early 1981, when the company placed orders and options for 18 Boeing 737-200 aircraft All 18 aircraft involved in that transac- tion have been delivered and are in service on Piedmont's routes.

That, 'the company said, makes Piedmont the world's largest operator of 737-200 aircraft, with a fleet of 63. The 15 new jets to be delivered during the next two years will give the airline greater scheduling flexibility, the ability to fly more pas- sengers while consuming less fuel, and provide airports served by Pled- tnont with one of the quietest aircraft in production today, said company president William Howard. Calvin Lawrence Jr. Home delivery means never having to leave home to enjoy a newspaper. Or mail coupon below.

to: Please start my daily and Sunday (7-day) subscription The Atlanta Constitution (mornings) CJThe Atlar Atlanta Journal (afternoons) I Convtnltnt Payment PImom: I it oc ni. .1 (4 75) ot 4 (Jl.OO) or 5 (S1.25) safes tax. 26 wnajfci $48 plus applicable 3 ($1.44) or 4 ($1.92) or 5 ($2.40) sales tax. 52 wki $92 plus applicable 3 ($2.76) or 4 ($3.68) or 5 ($4.60) sales tax. VA One-Year Subordinated Loan Certificates tl2l4 Two-Year Subordinated Capita Certificates of Interest 13 Five-Year Subordinated Capiul Certificates L.7.'.i'--;; of Interest 13'4 Ten-Year Subordinated Capital Certificates of Interest 131496 Fifteen-Year Subordinated Capital Certificates of Interest Inicmt ntn ut Mibiccl lo chuift but iny chanat run will not iHcct CfrttficiM pctvmimJy mutd.

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fl4W City, Day Phone Enclosed is my check for made payable to Atlanta Journal St Conttitutlon. Please bill me. Please charfle mys' 0 Visa MasterCard Amplification A story in Wednesday's editions of The Atlanta Constitution incorrectly stated the asset-size of Georgia-Pacific chemical division. The correct figure is $1.02 billion. It is the policy of this newspaper to correct errors of fact that appear la our news columns.

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