The Atlanta Constitution from Atlanta, Georgia • 30

2-n. THE ATLANTA CONSTrTTTION, Jan. 7. 1982 NSI Expects Record 1982 Sales By Emily F. Rabin I Conrtllultoo Staff Wrlltr Natioqal Service Industries chairman' said Wednesday he expects new records in sales and earnings per share for the company's 1982 fiscal year, barring further weakening- of the economy.

Erwin Zaban, who also holds the post of chief executive officer, made the prediction at the Atlanta-based conglomerate's annual 1 stockholders meeting, adding that he estimates the National's three principal businesses lighting equipment, linen and industrial uniform service, and chemicals posted record sales and earnings in the first fiscal quarter. Robert Creviston, vice president for finance and treasurer, said National's earnings in the current fiscal year will depend largely on the performance of those three businesses. Zaban emphasized to stockholders the strength of the company's balance sheet National currently has a record $29.5 million in cash and short-term OiyState "Our growth has slowed up a bit" Sidney Kirschner, president and chief operating officer, said sales and earnings growth slowed in the previous fiscal year and In the first quarter of the current period. He said the record growth projected for the 1982 fiscal year, ending Nov. 30, will probably come on smaller increases in sales.

For the three months ended Nov. 30, National had net income of $12.1 million, or 97 cents a share, compared with $11.7 million, or 92 cents a share, In the same quarter a year ago. Sales rose to S200 million from $203 million. -P. vuun oars uemoimons institutions for money for home loans.

It also called for elimi- nating laws and regulations that slow the flow of money to housing and for offering all institutions tax incentives to Invest more heavily in residential mortgages. Average Mortgage Rate Falls The average Interest rate charged Americans for new home loans tumbled to 17.54 percent in December, the government said Wednesday. It was the biggest one-month decline in On Portman Hotel Site recession will last for eight more months. "We have felt the recession," he said. From SWT and Prtii DIimicDm UUil: tt CNN Employees Trying To Join Union The Times Square hotel that Atlanta architect John Port-man has been attempting to build for a decade was delayed -again Wednesday by a federal appeals court ruling that barred Mew York City from proceeding with its planned demolition of two historic Broadway theaters on the site of the proposed hotel.

The 2nd Circuit Court of Appeals in New York sent the case back to the district court with instructions to issue a preliminary injunction against demolition until final determination jof an issue raised by the Natural Resources Defense Council Noting that the ruling urged the district court to expedite final action, Portman said, "We have every confidence that the outcome will be prompt and favorable and that the project will By Maria Saporta CffHtHutlo SMI Wrlttr Employees of Atlanta-based Cable' News Network Inc's two 24-hour news channels are trying to unionize in hopes of higher wages and better treatment The National Labor Relations Board in Atlanta should reach a decision on the union petition sometime this month. Its decision will involve who will be able to join the union, but an Reese Schonfeld, president of CNN, acknowledged Wednesday an "enormous" difference between pay at CNN and the New York-based networks. "But I can't see any way that we can pay a great deal more," Schonfeld said. "We don't make money here, we make news." One of the main points of contention is that management views many of its employees as trainees, while the employees consider themselves professionals. "It is' an internship-type training program," Schonfeld said "We hired 300 people, most of whom were just out of college and had never worked in their lives." According to Wilson, NABET would like to have as broad a representation as possible, including technicians, graphic artists, engineers, directors and satellite technicians.

CNN management, on the other hand, would like the union to represent only video journalists at CNN mortgage rates since July 1980. The Federal Home Loan Bank Board's report said the new average effective commitment rate on long-term, fixed-rate mortgages fell 0.62 percentage Klnt from 18.16 percent in November. November's rate had Hen slightly from the October record of 18.17 percent Record Textile Deficit Seen The American Textile Manufacturers Institute has projected that the United States may ctalk up a record $6 billion textileapparel trade deficit In 1981. The institute based its forecast on statistics released Wednesday that showed imports of textile and apparel products grew 94 percent from November 1980 to November 1981, to a total of $563 million. Imports' were valued at $941 million, up 33 percent from November 1980, while exports were down for the second month in a row, dropping 10 percent to $378 billion.

For the January-November 1981 period the trade deficit in textiles rose 38 percent to $5.3 billion. Eastern's Traffic Fell Eastern Airlines said Wednesday it flew 2.14 billion revenue passenger miles in December, a decline of 10.7 percent from the 2.39 billion revenue passenger miles flown In December of 1980. For all of 1981, Eastern flew 26.1 billion revenue passenger miles, 7.5 percent fewer than the 28 billion It flew In 1980. S4m'iiwww-5 election for union renresenia- tlon will take place about a month later unless the NLRB decision is challenged by either the onion or CNN management overwhelming majority of the people in the jobs we are claiming signed cards for a petition," said Jim Wilson, associate business manager of Local IS of the National Association of Broadcast Employees and Technicians (NABET). On Dec.

11, 14 and 15, go lorwara wimoui lunner aeiay." The city had argued that a delay in the demolition of the Helen Hayes and Morosco theaters "will entail considerable ex ,1:. pense ana that the existence of the project may be at stake be- cause the financial "package' may collapse." The court ruling noted that while the city "will suffer harm from further delay of the Times Square project," this is offset by the fact that "any further litigation will be futile after the theaters have been destroyed." Ga. Economy Grows Weaker 'economic decline "intensified noticeably" la November, and leading indicators showed no signs that the recession is bottoming out, according to a report issued Wednesday by the Economic Forecasting Project at Georgia State University. "Economic activity will continue to decline noticeably through the first quarter of 1982 in Georgia," said the project, which is directed by Donald Ratajczak. Leading indicators suggest that housing activity in the state will not 'show an upturn through the first quarter of 1982, while rising claims and layoff rata suggest that unemploy-'.

rrient will continue to increase markedly for the next several the report sail The "eroding profitability of Georgia's corporations" was the largest contributor to the weakening condition In Georgia, the report said. After adjustment, corpo-rate profitability declined at a rate of 36 percent in November. Andersen 20008 Earnings Grow Andersen 2000 an Atlaria-hased manufacturer of NABET, and management representatives held hearings before the NLRB. A decision from the board should be delivered sometime in Janu Reese Schonfeld Western Electric Layoffs Western Electric the manufacturing arm of the Bell Telephone System, said Wednesday It will lay off 1,200 workers at its Indianapolis residential telephone plant indefinitely on Jan. 15.

The plant has 5,700 workers. Bulletin For Sale Again The financially troubled Philadelphia Bulletin, once America's largest afternoon newspaper and a Philadelphia institution for the past 134 years, is up for sale for the second time In two years. In a statement distributed to the staff assembled in the newsroom Wednesday, NL "Buddy" Hayden, president and publisher, said that the Charter Co. has a prospective buyer, which was not ary, according to Douglas Walldorff, acting director of the Atlanta office of NLRB. Employees of the network, which is a subsidiary of Turner Broadcasting System Ino, are seeking a union in hopes of bet ter working conditions.

"Money is an issue," Wilson said. "A very large percentage of the people there make minimum wage. The goal of the union is to improve wages in part, but that's not the primary objective of the 1 The primary objective is to get the company to treat the people with a bit more dignity. We all realize that they can't pay network wages, and we certainly don't want to do anything that would hurt the competitiveness of the company; But we think they can pay better than they're paying," Wilson continued. CNN Will Join Paper In Polls Industrial pollution control equipment, has reported record ri earnings and sales for Its fiscal year ended Sept.

30; Net In- TVm-rcTYinlrf-ic tr pome increased 79 percent to $959,809, or 48 cents a share, compared with $536,402, or 27 cents a share, for the previous fiscal year. Sales increased 65 percent to $9.8 million, com-pared to sales of $5.9 million a year ago. President Jack D. Cr i rady said the company's work for oil production companies and its toxic waste incineration business had not been affected by the same forces that have depressed the economy. The company also reported that its order backlog increased 95 per-r cent to $4.31 million last Sept 30 from $2.21 million at Sept 30,1980.

I Fulton 4, UFfederay tration. The LA. Times, which has been conducting its own polls since 1977, will continue to have primary responsibility for carrying out the new joint Ells and will continue to pub-h the findings as the "Los Angeles Times Poll." CNN will identify them as the "Los Angeles Times-CNN Poll" The Los Angeles Times and Turner Broadcasting System Ino, owner of Cable News Network, have agreed to duct joint public opinion polls. The first poll, which is scheduled to be conducted within a month, will be a national survey of people's attitudes after the first year of President Reagan's adminis Joha Lawrence Watson HI senior vice president and director of equity trading of Atlanta-based Robinson-Humphrey Company Inc, has been chosen 1982 chairman of the District No. 7 Committee of the National Association of Securities Dealers Inc, the self-regulatory organization for the over-the-counter stock market The committee reviews staff examination re- on brokerdealers.

Atlanta-based Continental elephone Corp. has elected Ralph Delio to the newly created position of corporate vice president-human resources. He was formerly vice president-human resources at Tonka Corp. in Spring Park, Minn. Gary IL Stewe has been promoted to assistant vice president financial planning, for The Credit Bu reau Inc.

Orlaid H. bag, division claims manager for the Southern division of Liberty Mutual Life Insurance Co, will retire Jan. I and will be succeeded by Daniel B. Miles, currently assistant claims manager. George M.

Shea, vice president, secretary and corporate counsel of National Data has been re-elected to the board of directors of the Association of Data Processing Service Organizations and named vice president of competitive practices. National ti 1982 Fulton Ftdertt Savings and Loan AsaocKtlon. Changes Urged In Home Financing rinW Inn. Sloping changes need to be made In the nation's home financing system if money is going be available to meet the de- mantf-lor residential mortgages in the a presidential said Wednesday. In a preliminary report, the presi- dent's commission on housing urged that the financially ailing savings and loan Industry the primary source of home loans given widespread powers so it can compete with other TAX-EXEMPT BOND FINANCING FOR LIFE-CARE CENTERS ENGELHARD FINE SIESHEEl DABS i A 1 1-5 1155 AwhMe in l-oz.

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