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REALTY NEWS

Date: 03 May 1981

Condominium and cooperative conversions were the strongest sector in the country's housing market last year, according to a ''United States Housing Markets'' study published by the Advance Mortgage Corporation of Detroit, an affiliate of Oppenheimer & Company, investment bankers. The study found that such conversions increased 10 percent over 1979 and were almost double the 1978 figure. It estimated that 160,000 units were authorized for conversion last year. In contrast, new condominium starts fell 6 percent, new rental starts fell 27 percent and new single-family house starts fell 29 percent last year.

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Follow-Up on the News; Debating the Draft

Date: 03 May 1981

By Richard Haitch

Richard Haitch

The news dispatch last April 9 began: ''The Berkeley Board of Education will require high school students to take instruction that includes counseling on how to avoid the draft.'' The instruction, the account went on, would include ''outside speakers discussing how to avoid draft registration'' and ''strategies for avoiding prosecution.''

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Follow-Up on the News;

Date: 03 May 1981

By Richard Haitch

Richard Haitch

For 16 years the painting had hung without fuss in a prisoners' dining hall on Rikers Island, looking to some like a 5-by-4-foot question from a Rorschach test. Then prison officials learned that the painting, a Salvador Dali rendition of the Crucifixion that the artist had given to the inmates, was worth $75,000 to $100,000.

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GOOD NEWS FOR THE 'BAD' SIDE OF TOWN

Date: 03 May 1981

Examples abound of companies moving from crumbling cites to thriving suburbs. Last week, in a rare move the other way, the Connecticut-based firm of Pitney Bowes unveiled plans for a new headquarters in a section of Stamford that, even by inner city standards, is depressed.

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News Summary; SUNDAY, MAY 3, 1981

Date: 03 May 1981

International The United States will back China and other Asian countries in efforts to put together a more unified resistance against Cambodia's Vietnamese-backed Government, Administration officials said. (Page 1, Column 4.) Political repression in Guatemala is increasing. Leftist and moderate groups are bearing the brunt of it as the Reagan Administration tries to repair relations with the military regime of Maj. Gen. Romeo Lucas Garcia, which hopes that American military aid cut off in 1977 will be resumed. Guatemala's leaders are fighting a guerrilla movement that is increasingly successful in the countryside, are attempting to eliminate centrist politicians. with whom Washington could be expected to deal. (1:2-3.)

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CONGRESSIONAL BLOC SPLITS BY PARTY LINES ON BUDGET

Date: 03 May 1981

By States News Service

States Service

WASHINGTON MOST members of New Jersey's Congressional delegation seem to agree that the scheduled House vote this week on differing Federal budget plans represents a choice between a potentially disastrous package and an alternative that is not totally satisfactory. The issue appears to be which proposal is more harmful: The Administration-backed measure, known as the Gramm-Latta bill for its Congressional sponsors, or the fiscal package offered by the Democratic-controlled House Budget Committee. ''Horrendous.'' That is how Representative James J. Florio, Democrat of Camden, characterized the Administration's legislation. ''It's using mirrors,'' Representative Edwin B. Forsythe, Republican of Moorestown, said of the Democratic alternative. ''It's making a $30 billion assumption in revenues that I don't think is valid.''

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BUSINESS, GOVERNMENT AND NEWS BLUR AT A WASHINGTON CONFERENCE

Date: 03 May 1981

By Jeff Gerth, Special To the New York Times

Jeff Gerth

On Monday morning, 100 foreign businessmen who control hundreds of billions of dollars in investments are to assemble in the Old Executive Office Building for the start of a three-day, invitation-only conference on the Reagan Administration's policies toward foreign investment in the United States. The listed host for the opening meeting Monday, according to a spokesman for the General Services Administration, is the Treasury Department, and Treasury Secretary Donald T. Regan is the chief speaker. Similarly, the hosts for many of the other sessions will be top Administration officials, most of the meetings will use Government facilities at no cost, and the Army's Old Guard Fife and Drum Corps is to provide what the program terms ''a fanfare reception.'' Some White House aides, such as Richard V. Allen, assistant to President Reagan for national security, have helped make the arrangements. Each to Pay $3,000 Fee The organizer and actual host of the conference, however, is The National Journal, a weekly magazine of governmental affairs, and its publisher, the Government Research Corporation, which is hoping, according to its chairman, Anthony C. Stout, to make a sizable profit from the conference by charging the businessmen an average of $3,000 each.

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NEW DEMOCRATIC LEADER

Date: 02 May 1981

By E. J. Dionne Jr

E. Dionne

Assemblyman Herman D. Farrell Jr., the new Democratic county leader in Manhattan, understands that almost no one believes that his new job will offer him much real power. He knows, too, that in politics, the appearance of power can be everything. ''If I come up to you, stick a gun in your face and say, 'Stick 'em up,' you have two options,'' Mr. Farrell said recently. ''You can stick 'em up, because you accept the fact that the gun is loaded. Or you can say, 'No, prove to me the gun is loaded.' ''

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News Summary; SATURDAY, MAY 2, 1981

Date: 02 May 1981

International Francois Mitterrand seems to be ahead of President Valery Giscard d'Estaing in the Presidential election on May 10. Two major polls were taken since last Sunday's first-round of balloting, one gave 51.5 percent of the vote to Mr. Mitterrand, the Socialist leader, and 48.5 percent to the President. The other poll, which was to have published in ''Le Figaro'' was withheld without explanation by the newspaper, which is strongly in favor of the President. (Page 1, Column 1.) Secretary of State Alexander M. Haig flew to Rome to attend a meeting of allied foreign ministers next week. He will discuss their concerns about when the Reagan Administration will be ready to start talks with the Soviet Union on limiting medium-range missiles in Europe. (4:1.)

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Company News; B.C. COAL CHANGE

Date: 02 May 1981

Vancouver, Britich Columbia, May 1(Reuters) - The British Columbia Resources Investment Corporation said its B.C. Coal Ltd. unit was seeking a buyer to replace a Swedish company that withdrew from an an agreement to purchase 70 percent of B.C. Coal Ltd. interest in the South Brae oilfield in the North Sea. Svenska Petroleum Exploration orginally arranged the agreement in principle with Kaiser Resources Ltd, The predecessor of B.C. Coal. The Swedish company agreed to pay up to $45 million (Canadian) for 70 percent of B.C. Coal's share of the field but said recent changes in British tax laws had made the transaction uneconomic.

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Follow-Up on the News; Fame for Eureka

Date: 03 May 1981

By Richard Haitch

Richard Haitch

Propelled into the national limelight last fall by the Presidential candidacy of a noted alumnus, Ronald Reagan, tiny Eureka College in Eureka, Ill., was of two minds. On the one hand, the 450-student institution welcomed the windfall of publicity as a chance to attract more students and offset a fiscal squeeze.

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