SECURITIES AND EXCHANGE COMMISSION

~[G~~ IDrl@[G~~ A brief summary of financial proposals filed with and actions by the S.E.C.

( In ordering full text of Releases from SEC Publications Unit cite num be r )

(Issue No. 69-113) FOR RELEASE ~J~un~e~1~3k.~1~9~6~9 _

BURNHAM MORTGAGE TRUST PROPOSES OFFERING. Burnham Mortgage Trust, 1555 Sixth Ave., San Diego, Calif.92101, filed a registration statement (File 2-33375) with the SEC on June 5 seeking registration of 2,250,000shares of beneficial interest with warrants to purchase 1,125,000 shares, to be offered for public sale inunits, each consisting of two shares and one warrant, and at $40 per unit. The offering is to be made throughunderwriters headed by Goodbody & Co., 55 Broad St., New York, N. Y. 10004; the underwriting terms are to besupplied by amendment.

The Trust intends to qualify as a real estate investment trust under Sections 856-858 of the InternalRevenue Code. It proposes to invest primarily in construction and development loans, but may also employits assets in permanent loans and stand-by commitments to make such loans as well as in other investments.Net proceeds of its financing will be used to acquire construction and development first mortgage loans anda limited portion of the proceeds may ultimately be used to purchase real estate equities. J~hn Burnham &Co. will act as investment advisor of the Trust. The Trust has outstanding 5,000 shares of beneficialinterest, of which ~D, Ltd. owns 66% and Malin Burnham, president of the Trust and of the investment adviser,34%.

CENTRAL TELEPHONE TO SELL BONDS. Central Telephone Company, 233 South 10th St., Lincoln, Nebraska 68508,filed a registratonn statement (File 2-33376) with the SEC on June 5 seeking registration of $25,000,000 of first mortgage and collateral lien sinking fund bonds, Series V, due 1994, to be offered for public sale throughunderwriters headed by Dean Witter & Co. Incorporated, 14 Wall St., and Paine, Webber, Jackson & CurtiS, 140 Broadway, both of New York, N. Y. 10005. The interest rate, offering price and underwriting terms are to be supplied by amendment. Net proceeds of the bond sale will be used for property additions and improvements,for the reduction or discharge of short-term indebtedness incurred therefor, and for advances to or invest-ment in subsidiaries for construction, Construction programs of the company and its subsidiaries for 1969 contemplate the expenditure of approximately $62,000,000.

SHELL PIPE LINE TO SELL DEBENTURES. Shell Pipe Line Corporation, 607 Fannin St., Houston, Tex" fileda registration statement (File 2-33377) with the SEC on June 5 seeking registration of $60,000,000 of sinkingfund debentures, due 1999 (guaranteed by its parent, Shell Oil Company), to be offered for public sale throughunderwriters headed by Morgan Stanley & Co., 2 Wall St., New York, N. Y. The interest rate, offering priceand underwriting terms are to be supplied by amendment. Net proceeds of its debenture sale will be used bythe company to retire $34,875,000 of term loans and a $7,000,000 bank note; the balance will be added to thecompany's general funds and will be available for general corporate purposes, including constructionexpenditures. Construction expenditures are estimated at $35,000,000 for 1969 and 1970.

CAPEZIO TO SELL STOCK. Capezio and Things, Inc., 60 Hall St., Wellington Circle, Medford, Mass. 02155,filed a registration statement (File 2-33378)with the SEC on June 5 proposing the public offering of 160,000shares of common stock, to be offered for public sale at $7 per share. The offerinB is to be made throughFirst Devonshire Corporation, 89 Devonshire Street, Boston, Mass., which will receive a 56i per sharecommission plus $20,000 for expenses. The company has agreed to sell the underwriter, for $100, five-yearwarrants to purchase 16,000 shares, exercisable after one year at $8.40 per share.

The company was organized in February for the primary purpose of engaging in t~ franchising ofspecialized retail women's shoe and apparel stores identified by the Capezio name. Net proceeds of itsstock sale will be used for the development of both franchised and company-owned and operated retail stores.The company has shares, Capezio, Inc., owns 63.3'70,and Arnold Sommers,outstanding 540,000 cOll'l'/lOn of whichpresident, and Alphonso Maiellano, treasurer, 15.8% each. Purchasers of the shares being registered willacqUire a 22.85% stock interest in the company for their investment of $1,120,000; the present stockholderswill then own 77.15%, for which they paid $250,000 in cash.

STOCK PLANS FILED. The following have filed Form 5-8 registration statements with the SEC seeking registration of securities to be offered under and pursuant to employee stock and related plans:

Stanray Corporation, Chicago, Ill. (File 2-33372) - 60,000 sharesHouse of Fabrics, Inc., Sun Valley, Calif. (File 2-33379) - 165,000 sharesAmerican Seating Company, Grand Rapids, Mich. (File 2-33383) - 60,000 sharesHydrometals, Inc., Dallas, Tex. 75206 (File 2-33391) - 166,975 sharesMilo Electronics Corp., New York 10013 (File 2-33392) - 40,000 sharesLapointe Industries, Inc., Rockville, Conn. 06066 (File 2-33394) - 40,000 sharesComputer Dynamics, Inc., Berkeley, Calif. 94707 (File 2-33396) - 166,600 sharesDickson Electronics Corp., Scottsdale, Ariz. 15252 (File 2-33398) - 75,180 sharesHo lobeam , Inc., Paramus, N. J. 07652 (File 2-33400) - 100,000 sharesUnited Utilities, Inc., Kansas City, Mo. (FUe 2-33401) - 20,340 shares OVER

Page 2 SEC t;EYlSDIGEST, June 13,1969

DELMARVA POWER 5. LIGHT TO SELL STOCK.

S&P COUNSELORS FUND PROPOSES OFFERING. S&P Counselors Fund, Inc 1775 Broadway, ~ew York, "N.Y. 10019, (Fl'Ie 2-33381) with the SEC on June 5 seeking reg1stratlon*of 2,.~00,000 sharesfiled a registration statement h 1 of capital stock, to be offered for public sale at net asset value (SlO per share ma~imu~ ), W1t ~o sa es

The Fund is a diversified open-end investment company with an investment ObjectIve of cap1talcha rge, f S d d & P 's I te app rec ia t ion . Standa rd & Poo rs Counse lt fig Corpora tion, a who 11y- owned s~bS id La ry a tan aroar .n r-e

Capital Inc. , will act as investment adviser. Charles C Reilly is presIderrt of the Fund and board chs t rman

of the investment adviser.

TYCO LABORATORIES SHARES IN REGISTRATIOt;. Tyco Laboratories, Inc, 16 Hickory Drive, \~altham, Mass.02154. filed a registration statement (File 2-33382) with the SEC on June 5 seeking registration of 145,154.

outstanding shares of common stock, to be offered for public sale by the present holders thereof. The off~r~ngis to be made th rough unde rwr i ters headed by 1.M. Rosentha 1 & Company, Inc., 5 Hanover Squa re , New York, N. i. . ; the offering price ($26 per share maximum*) and underwriting terms are to be supplied by amendme~t Also included I, the statement are 142,505 outstanding shares of common stock, :3~,598 common ~hares Issua~le upon

exercise of stock options granted pursuant to the company's Employees' Qua li f Led Stock (ipt i on Plan.31,'+56 out-standing Series A common stock purchase warrants, 71,666 outstanding Series B common stock.purchase.warrantsand 30,000 outstanding Series C common stock purchase warrants, and 406,504 common shares issuable 1n exchange for the 5% subordinated guaranteed debentures (due 1984) of Tyco International Finance N.V., a sub-sidiary of the company. Allor part of these securities may be offered for sale from time to time by the present holders or recipients thereof, at prices current at the time of sale.

The company is engaged in basic and applied scientific research and in the development. manufacture andsale of technical products for industrial, government and consumer use. In addition to indebtedness andpreferred stock. it has outstanding 2,310.950 common shares. Arthur J. Rosenberg is president and board

chairman. The identi.ty of the sellers of the 145,154 shares is to be supplied by amendment.

WISCONSIN GAS TO SELL BONDS. Wiscons~n Gas Company, 626 East WisconsinAve Milwaukee, Wisconsin 53201, filed a registration statement (File 2-33384) with the SEC on JUlle 5 seekingregistration of $16,000,000 of first mortgage bonds, due 1994, to be offered for public sale at competitivebidding. A subsidiary of American Natural Gas Company, the company will use the net proceeds of its bond saleto retire some $12,000,000 of bank loans, incurred for construction purposes, and will apply the balance toward

1969 construction costs, estimated at $17,400.000

KiM TO SELL STOCK KLM Royal Du t ch Airlines (Koninklijke Luchtvaart Maatschappij N.V.), a Netherlands Corporation, 609 Fifth Avenue, New York, N.Y. 10017, filed a registration statement (File 2-33385) with the SEC on June 5 seeking registration of 300,000 shares of common stock, to be offered for public sale throughunderwriters headed by Smith Barney & Co. Incorporated, 20 Broad St., and three other firms. The offeringprice ($72 per share maximum*) and underwriting terms are to be supplied by amendment. The Netherlands Government, holder of 50.5% of KLM's outstanding common stock, has agreed to purchase from the company simul-taneously an additional 306,000 common shares at the offering price.

The company operates scheduled services over an international route, linking 100 cities in 69 countries on six continents. Net proceeds cf its stock sale will be applied, together wi th funds generated from internal sources and supplemental financings, to finance the company's present capital expenditure program, which duringthe five-year period ending Harch 1974 contemplates the acquisition of approximately 26 additional jet air-craft at an estimated cost of $434 million and the making of other capital outlays amounting to approximately$60 million. In addition to indebtedness, the company has outstanding 2,499,375 common shares. G. Van der Wal is president.

TAN - TEX INDUSTRIES FILES FOR OFFERlt;G AND SECOt;DARY. Tan-Tex Industries Co rp ; , 1450 Broadway, New York, N.Y. 10018, filed a registration statement (File 2-33386) with the SEC on June 5 seeking registration of 200,000 shares of common stock and 200,000 common stock purchase warrants, to be offered for public sale in units, each consisting of 1 share and 1 warrant. Of these securities, l50,COO shares and all of the warrants are to be offered by the company and 50,000 shares (being outstanding share:s) by the present holders thereof. The offering is to be made through underwriters headed by Cantor, Fitzgerald & Co., Lnc . , 232 North Cannon Drive, Beverly Hills, Calif. 90210; the offering price ($11 per unit max imum=) and underwriting terms are to be supplied by amendment. The company has agreed to sell the Cantor firm five-year options to purchase 18,000 units, exercisable after one year at the offering price, and to sell Ned Tanenbaum (brother of the company'spresident) Similar options to purchase 2,000 units in consideration for his serVices as a finder.

The company (formerly Tanenbaum Textile Co., Inc.) is primarily engaged in the business of convertingcotton and synth2tic fabrics and supplying such converted fabrics to military, industrial and institutional users and to commercial manufacturers of a variety of wearing apparel. Net proceeds of its stock sale will be applied to payment of outstanding bank loans incurred principally to finance inventories and accounts receivabll the balance will be added to the company's general funds and used for working capital purposes. The companyhas outstanding 783,333 common shares (with a $4.94 net tangible book value), of which Lawrence G. Tanenbaum, board chairman and president, owns 75.07% and management officials as a group 100'i'o.The number of shares to be sold by Tanenbaum and others is to be supplied by amendment.

Continued

SEC NEWS DIGEST, J u n e 1 3 , 1 9 6 9 P a g e 3

CUNDARI OIL PROPOSES OFFERIhG. C u n d a r i O i l Company, I n c . , 1 9 3 0 7 W . W a r r e n Ave . , D e t r o i t ~ i c h . 4 8 2 2 8 , f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2 - 3 3 3 8 7 ) w i t h t h e SEC o n J u n e 5 s e e k i n g r e g i s t r a t i o n o f $ 5 , 0 0 0 , 0 0 0 of p a r t i c i p a t i n g i n t e r e s t s i n i t s C,undar i G a s a n d O i l P r o g r a m - - 1 9 6 9 - 7 0 ( a j o i n t v e n t u r e ) , t o b e o f f e r e d f o r p u b l i c s a l e i n minimum a m o u n t s o f $ 1 0 , 0 0 0 . T h e j o i n t v e n t u r e was o r g a n i z e d t o f u r n i s h i t s f u n d s t o t h e l i n l i t e d p a r t n e r s h i p , C u n d a r i L i m i t e d P a r t n e l - s h i p 1 9 6 9 - 7 0 . T h e l i n l i t e d p a r t n e r s h i p , t h r o u g h i t s g e n e r a l p a r t ~ l e r , C u n d a r i O i l Company, i s t o e n g a g e i n l o c a t i n g , a c q u i r i n g a n d d e v e l o p i n g p r o d u c i n g a n d n o n - p r o d u c i n g

g a s a n d o i l p r o p e r t i e s . S a n t e M. C u n d a r i i s president o f t h e g e n e r a l p a r t n e r .

ISLASDS 'RCIUhD THE WORLD TO SELL STOCK. I s l a n d s 'Round t h e Wor ld L t d . , 4 7 5 F i f t h A v e n u e , New Y o r k , N . Y .

1 0 0 1 7 , f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2 - 3 3 3 8 8 ) w i t h t h e SEC o n J u n e 5 s e e k i n g r e g i s t r a t i o n o f 1 , 4 0 0 , 0 0 0 s h a r e s o f common s t o c k , t o b e o f f e r e d f o r p u b l i c s a l e a t $5 p e r s h a r e . No u n d e r w r i t i n g i s i n v o l v e d ; p a r t i -

c i p a t i n g NASD members w i l l r e c e i v e a s e l l i n g c o m n ~ i s s i o n , t h e a m o u n t o f w h i c h i s t o b e s u p p l i e d by amendment . O r g a ~ i z e d i n December 1 9 6 8 , t h e company i n t e n d s t o p r o m o t e a n d s e l l l a n d - d e v e l o p m e n t p r o j e c t s , g e n e r a l l y

a s a c o - v e n t u r e r w i t h o w n e r s a n d d e v e l o p e r s o f p r o p e r t y . Of t h e n e t p r o c e e d s o f i t s s toc l : s a l e , ( i f a l l 1 , 4 0 0 , 0 0 0 s h a r e s a r e s o l d ) $ 1 , 5 0 0 , 0 0 0 w i l l b e u s e d f o r a d v e r t i s i n g a n d p r o m o t i n g l a n d p r e s e n t l y u n d e r c o n t r a c t h e b a l a ~ c e w i l l b e u s e d f o r a d d i t i o n a l a d v e r t i s i n g a n d f o r w o r k i n g c a p i t a l p u r p o s e s . T h e company l las o u t - s t a n d i n g 7 5 , 0 0 0 common s h a r e s ( w i t h a 4C p e r s h a r e b o o k v a l u e ) , o f w h i c h T h e D e k c r a f t C o r p o r l t i o n owns 909,. M e l v i n D. S k o l n i k i s b o a r d c h a i r m a n a n d p r e s i d e n t . A s s u m i n g t h e s a l e o f a mlnilnum o f 1 , 0 0 0 , 0 0 0 s h a r e s , t h e p u r c h a s e r s o f t h e s h a r e s b e i n g r e g i s t e r e d w i l l a c q u i r e a 19% s t o c k i n t e r e s t i n t h e company f o r t h e i r i n v e s t - ~ n e n t o f $ 5 , 0 0 0 , 0 0 0 ; t h e p r e s e n t s h a r e h o l d e r s w i l l t h e n own 8 1 % , f o r w h i c h t h e y p a i d $ 1 6 5 , 7 5 0 .

CRUTIVB FINANCING TO SELL STOCK. C r e a t i v e F i n a n c i n g , I n c . , 9 0 5 A r l i n g t o n F e d e r a l B u i l d i n g , B a l t j m o r e , bid. L1201, f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2 - 3 3 3 8 9 ) w i t h t h e SEC o n J u n e 5 s e e k i n g r e g i s t z a t i o n o f - 1jO.OOO s h a r e s o f common s t o c k , t o b e o f f e r e d f o r p u b l i c s a l e a t $10 p e r s h a r e . PJo u n d e r w r i t i n g i s i n v o l v e d ; p a r t i c i p a t i n g NASD members w i l l r e c e i v e a $1 p e r s h a r e s e l l i n g c o m m i s s i o n .

The company was o r g a n i z e d i n A p r i l f o r t h e p u r p o s e o f h o l d i n g 2 1 1 t h e s h a r e s o f a ~ l e w l y - f o r m e d s u b s i d i a r y , N a c i o n s l l n d u s t r i a l F a c t o r i n g C o r p . a n d f o r p u r c h a s i n g o r c r e a t i n g y o t h e r s u b s i d i a r i e s i n t h e f i n a n c e f i e l d . Net p r o c e e d s o f i c s s t o c k s a i e w i l l b e u s e d t o a c q u i r e o r c r e a t e s u b s i d i a r i e s i n s u c h f i e l d s a n d f o r t h e c o m p a n y ' s g e n e r a l c o r p o r a t e p u r p o s e s . T h e company h a s o u t s t a n d i n g 7 3 3 , 0 0 0 common s h a r e s ( w i t h a 76C p e r s h a r e n e t t a n g i b l e b o g k v a l u e ) , o f w h i c h management o f f i c i a l s a s a g r o t i p own 20.739,. D a n i e l Coheri i s b o a r d c h a i r m a n a n d p r e s i d e n t . P u r c h a s e r s o f t h e s h a r e s b e i l g r e g i s t e r e d w i l l s u s t a i n a n i m m e d i a t e d i l u t i o n o f $ 7 . 1 3 i i l

p e r s h a r e b o o k v a l u e f r o m t h e o f f e r i n g p r i c e .

LUM'S TO SELL STOCK. L u r n ' s , I n c . , 5 0 5 0 B i s c a y n e B l v d . , M i a m i , F l a . , f i l e d a r e g i s t r a t i o n s t a t e m e n t ! F i l e 5 - 3 3 3 9 0 ) with t h e SEC o n J u n e 5 s e e k i n g r e g i s t r a t i o n o f 3 3 3 , 3 3 4 s h a r e s o f common s t o c k , t o b e o f f e r e d - - f o r p u b l i c s a l e thri ;ugh u n d e r w r i t e r s h e a d e d b y Van A l s t y n e , N o e l & C o . , F o u r A l b a n y S t . , New Y o r k , X . Y . 10006. T h e o f f e r i n g p r i c e ( $ 9 5 . 1 2 5 p e r s h a r e maximum*) a n d u n d e r w r i t i n g t e r m s a r e t o b e s u p p l i e d by a m e n d m e n t .

T h e company i s p r i m a r i l y e n g a g e d i n o w n i n g a n d o p e r a t i n g 1 0 0 f a s t s e r v i c e , l o w - p r i c e d s p e c i a l t y r e s t a u r a n t s a n d f o g r f u l l k i t c h e n r e s t a u r a n t s ; i t s f r a n c h i s e e s o p e r a t e a n a d d i t i o n a l 250 f a s t s e r v i c e r e s t a u r a n t s . N e t p r o c e e d s o f i t s s t o c k s a l e w i l l be u s e d t o pay a p o r t i o n o f t h e p u r c h a s e p r i c e o f a i l t h e i r t t e r e s t s i n a l i m i t e d p a r t n e r s h i p a n d a l l o r s u b s t a n t i a l l y a l l t h e s t o c k o f a c o r p o r a t i c r w h i c h t o g e t h e r own and o p e r a t e C a e s a r s P a l a c e , a L a s V e g a s h o t e l a n d c a s i n o ; t h e b a l a n c e w i l l b e a d d e d t o t h e c o m p a n y ' s g e n e r a l w o r k i n g c a p i t a l . I n a d d i t i o n t o i n d e b t e d n e s s , t h e company h a s o u t s t a n d i n g 1 , 9 4 9 , 2 2 0 comloon s h a r e s , o f w h i c h S t u a r t P e r l m a n , p r e s i d e n t , and C l i f f o r d P e r l m a n , b o a r d c h a i r m a n , own 9 . 3 % a n d 8 . 7 7 , r e s p e c t i v e l y .

ANN STEVD<S 1NC. TG SELL STOCK. Ann S t e v e n s I n c . , 1 3 4 West 3 7 t h S t . , New Y o r k , N d . f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2 - 3 3 3 9 3 ) w i t h t h e SEC on J u n e 6 s e e k i n g registration o f 1 5 0 , 0 0 0 s h a r e s o f common s t o c k , t o b e o f f e r e d f o r p u b l i c s a l e a t $5 p e r s h a r e . T h e o f f e r i n g i s t o b e made by Kamen & Company, 5 0 B r o a d w a y , New Y o r k , New ' i o r k , w h i c h w i l l r e c e i v e a c o m m i s s i o n o f 50C p e r s h a r e p l u s $ 1 2 , 5 0 0 f o r e x p e n s e s . The u n d e r - w r i t e r w i l l b e e n t i t l e d t o p u r c h a s e , f o r $ 1 5 0 , f i v e - y e a r w a r r a n t s f o r t h e p u r c h a s e o f 1 5 , 0 0 0 s h a r e s , e x e r c i s a b l e a f t e r o n e y e a r a t $ 5 p e r s h a r e ; w a r r a n t s f o r 3 , 5 0 0 s h a r e s a r e t o b e s o l d t o S t e p h e n S . C o a n , a f i n d e r , f o r $ 1 3 5

T h e company d e s i g n s , m a n u f a c t u r e s and s e l l s m e d i u m - p r i c e d s k i r t s p r i m a r i l y f o r t e e n - a g e r s and y o u n g a d u l t s . N e t p r o c e e d s o f i t s s t o c i ; s a l e w i l l be a d d e d t o t h e c o m p a n y ' s g e n e r a l f u n d s . T h e compan) now h a s o u t s t c l n d i n g 4 5 1 , 8 0 0 common s h a r e s ( w i t h a 77C p e r s h a r e book v a l u e ) , o f w h i c h l r v i n g S z h e c h t e r , p r e s i d e n t , owns 9 0 2 . P u r c h a s e r s of t h e s h a r e s b e i n g r e g i s t e r e d w i l l a c q u i r e a 25% s t o c k i n t e r e s t i n t h e cornparly f c r t h e i r i n v e s t m e n t o f $ 7 5 0 , 0 0 0 ; p r e s e n t s t o c k h o l d e r s w i l l t h e n own 7 5 D w i t h a N a r c h 3 1 b o o k v a l u e o f $ 3 4 7 , 9 8 9 .

UNITY CAPITAL CORP. FILES OFFERING PROPOSAL. U n i t y C a p i t a l C o r p o r a t i o n o f A m e r i c a , 1 6 1 7 W e s t c I l i f D r l v e , Kewpor t B e a c h , C a l i f . 9 2 6 6 0 , f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2 - 3 3 3 9 5 ) w i t h t h e SEC on J u n e ,;eei:irlg r e g i s t r a t i o n o f 1 5 0 , 0 0 0 s h a r e s o f cornrnon s t o c k , t o b e o f f e r e d f o r p u b l i c s a l e t h r o u g h u n d e r w r i t e r s h e a d e d by B i r r , W i l s o n & C o . , I n c . , 1 5 5 Sansome S t . , San F r a n c i s c o , C a l i f . The o f f e r i n g p r i c e ( $ 1 1 p e r s h a l - e maximum*) a n d u n d e r w r ? . t i n g t e r n s a r e t o b e s u p p l i e d by amendment . T h e B i r r , W i l s o n f i r m w i l l b e e n t j t l e d t o p u r c h : ~ s e , f o r $ 6 7 . 5 0 a f i v e - y e a r o p t i o n t o p u r c h a s e 6 , 7 5 0 s h a r e s , e x e r c i s a b l e a f t e r o n e y e a r a t 120X o f t h e o f f e r i n g p r i c e ; ari o p t i o n t o p u r c h a s e 750 s h a r e s w i l l b e s o l d t o D a v i s : S k a g g s & C o . f o r $ 7 . 5 0 , £01- i t s s e r . i i c e s ;IS a f i n d e r . A l s o i n c l u d e d i n t h e s t a t e m e n t a r e a n a d d i t i o n a l 5 9 , 0 0 0 s h o r e s t o b e o f r e r e d u n d e r t l ~ e compar ly ' s s t o c k o p t i o n a n d i n c e n t i v e o p t i o n p l a n s .

The company i s e n g a g e d ( d i r e c t l y a n d t h r o u g h s u b s i d i a r i e s ) i n s a l e s o f l i f e i n s u r a n c e , s t ? c u r i t i e s anci c l t h e r f i n a n c i a l s e r v i c e s . Of t h e n e t p r o c e e d s o f i t s s t o c k s a l i ? , $ 3 0 0 , 0 0 0 w i l l I>e u s e d £ o r tl~i: e x p a r l s i o n o f o p e r a t i o n s t h r o u g h t h e o p e n i n g o f new o f f i c e s , $11 7 , 0 0 0 t o r e p a y r i o t e s , $ 1 5 0 , 0 0 0 f o r a n a d d i t i ~ , n ; i l i : l v e s t m e n t i n a r e a l e s t a t e s u b s i d i a r y t o e x p a n d i t s o p e r a t i o n s , $ 1 3 0 , 0 0 0 t o i n c r e a s e t h e c a p i t a l o f t i l e s e ( : u r i t i e s s u b s i d i a r y , $ 3 5 9 , 0 0 0 t o e x p a n d i t s F l e x i b l e F u n d i n g l i f e i n s u r a r l c e p r o g r a m a n d t h e ba1ar ;ce fc.1 war!,;; rig c a p i t a l . I n a d d i t i o n t a i n d e b t e d n e s s , t h e company h a s o u t s t a n d i n g 442,3113 cornmon s h a r e s ( w i t h a 41C :I-r s l l a r e boul: v a l u e ) cif w h i c h W i l l i a m A . M c D o n e l l , p r e s i d e n t and b o a r d c h a i r m a n , owns 1 3 . 1 % arid two o t l i e r o f f i c e r s a t o t a l o f 24,s:.

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TAURUS FUND FILES OFFERING PROPOSAL. T a u r u s Fund, I n c . , 225 E a s t Mich igan S t . , Mi lwaukee , Wisc . 53202 , f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2-33397) w i t h t h e SEC on J u n e 6 s e e k i n g r e g i s t r a t i o n o f 250 ,000 s h a r e s ,,f common s t o c k , t o b e o f f e r e d f o r p u b l i c s a l e a t $10 per s h a r e . The o f f e r i n g i s t o be made t h r o u g h The

~ i l w a u k e e Company, 207 E a s t Mich igan S t . , Milwaukee, W i s c o n s i n , which w i l l r e c e i v e a n 85C p e r s h a r e s e l l i n g The Fund i s a newly o r g a n i z e d d i v e r s i f i e d open-end i n v e s t m e n t company o f t h e management t y p e ,

s eek ing c a p i t a l growth ( c u r r e n t income b e i n g i n c i d e n t a l ) . The i n v e s t m e n t a d v i s e r i s W i s c o n s i n I n v e s t m e n t

Management C o . , I n c . , a wholly-owned s u b s i d i a r y of t h e d i s t r i b u t o r . R o b e r t G. S t e n g e r , Fund p r e s i d e n t ,

i e a l e o p r e s i d e n t o f t h e d i e t r i b u t o r .

CAVANAGH TRUST FILES OFFERING PROPOSAL. Cavanagh Mor tgage T r u s t , 8 2 5 T h i r d Avenue, New Y o r k , N . Y . , f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2-33399) w i t h t h e SEC on J u n e 6 s e e k i n g r e g i s t r a t i o n o f 2 , 0 0 0 , 0 0 0 s h a r e s of b e n e f i c i a l i n t e r e s t i n t h e T r u s t w i t h w a r r a n t s t o p u r c h a s e a n a d d i t i o n a l 1 , 0 0 0 , 0 0 0 s h a r e s . The

s e c u r i t i e s a r e t o be o f f e r e d f o r p u b l i c s a l e i n u n i t s , e a c h c o n s i s t i n g o f 2 s h a r e s and 1 w a r r a n t , and a t $30

per u n i t . The o f f e r i n g i s t o be made t h r o u g h u n d e r w r i t e r s headed by D.H. B l a i r S e c u r i t i e s C o r p o r a t i o n , 66 Beave r S t . , New York , New York , which w i l l r e c e i v e a $2 .70 p e r u n i t commiss ion.

The T r u s t was c r e a t e d t o p r o v i d e i n v e s t o r s w i t h a n o p p o r t u n i t y t o i n v e s t i n a p r o f e s s i o n a l l y managed, d i v e r s i f i e d p o r t f o l i o of c o n s t r u c t i o n , deve lopmen t and r e t a i l l a n d f i r s t mor tgage l a n d s and o t h e r r e a l e s t a t e i n t e r e s t s . I t p l a n s t o q u a l i f y a s a r e a l e s t a t e i n v e s t m e n t t r u s t u n d e r t h e I n t e r n a l Revenue Code. Net

proceeds o f t h i s f i n a n c i n g w i l l b e a p p l i e d t o i t s c o r p o r a t e p u r p o s e s . The T r u s t w i l l be managed by Cavanagh

Mortgage A d v i s e r s , I n c . , o r g a n i z e d by Cavanagh L e a s i n g C o r p o r a t i o n and D . H . B l a i r & Company. D r . P h i l i p David i s cha i rman o f t h e board o f t r u s t e e s and J o s e p h K l e i n p r e s i d e n t .

BRAEWOOD DEVELOPMENT PROPOSES OFFERING. Braewood Development C o r p . , 15236 Burbank B l v d . , Van Nuys, C a l i f . 91401, f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2-33402) w i t h t h e SEC on J u n e 6 s e e k i n g r e g i s t r a t i o n o f $3 ,500 ,000 of c o n v e r t i b l e s u b o r d i n a t e d d e b e n t u r e s d u e 1989 and 5 2 5 , 0 0 0 s h a r e s o f common s t o c k , t o b e o f f e r e d - f o r p u b l i c sa l e i n u n i t s , e a c h c o n s i s t i n g o f a $100 d e b e n t u r e and 15 s h a r e s . Of t h e s h a r e s i n c l u d e d i n t h e u n i t s , 25,000 a r e o u t s t a n d i n g s h a r e s which a r e t o be o f f e r e d by t h e p r e s e n t h o l d e r s t h e r e o f . The o f f e r i n g i s t o b e made t h r o u g h u n d e r w r i t e r s headed by Rausche r P i e r c e & Co. , I n c . , 1200 M e r c a n t i l e D a l l a s B u i l d i n g , D a l l a s , Tex . 75201; t h e i n t e r e s t r a t e on t h e d e b e n t u r e s , o f f e r i n g p r i c e ( $ 2 3 5 p e r u n i t maximum*) and u n d e r w r i t i n g t e r m s are t o be s u p p l i e d by amendment. The company h a s s o l d t h e R a u s c h e r f i r m , f o r $200, f i v e - y e a r w a r r a n t s t o purchase 20 ,000 s h a r e s .

O r g a n i z e d i n F e b r u a r y 1 9 6 7 , t h e company i s p r i m a r i l y engaged i n t h e p u r c h a s e , s u b d i v i s i o n and deve lopmen t of unimproved l a n d and t h e c o n s t r u c t i o n and s a l e o f s i n g l e - f a m i l y r e s i d e n c e s . Of t h e n e t p r o c e e d s o f i t s f i n a n c i n g , $ 4 , 6 6 5 , 0 0 0 w i l l be a p p l i e d t o prepayment o f o u t s t a n d i n g n o t e s ( h e l d p r i n c i p a l l y by company s t o c k - h o l d e r s ) and $750 ,000 w i l l b e used f o r p a r t i a l deve lopmen t o f l a n d c o m p r i s i n g p a r t o f t h e "Braemar" p r o p e r t y i n t h e Los Ange les a r e a and t o a c q u i r e 30 a c r e s o f unimproved l and a d j a c e n t t o t h a t d e v e l o p m e n t ; t h e b a l a n c e will be added t o t h e company's w o r k i n g c a p i t a l and w i l l b e a v a i l a b l e f o r g e n e r a l c o r p o r a t e p u r p o s e s . I n a d d i t i o n t o i n d e b t e d n e s s , t h e company h a s o u t s t a n d i n g 900 ,000 common s h a r e s , o f which Lomas & N e t t l e t o n F i n a n c i a l C o r p o r a t i o n and D e a u v i l l e H i g h l a n d s Co . , I n c . own 33-1/3% e a c h and management o f f i c i a l s a s a g r o u p 33-1/37. ( i n c l u d i n g s h a r e s owned by D e a u v i l l e ) . J e s s T . Hay i s board cha i rman and Lewis R . Ma le r p r e s i d e n t .

METROPOLITAN EDISON TO SELL BONDS. M e t r o p o l i t a n Ed i son Company, 2800 P o t t s v i l l e P i k e , B e r k s Coun ty , P a . , f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2-33403) w i t h t h e SEC on J u n e 6 s e e k i n g r e g i s t r a t i o n of $ 2 5 , 0 0 0 , 0 0 0 o f f i r s t m o r t g a g e b o n d s , d u e 1999 , t o b e o f f e r e d f o r p u b l i c s a l e a t competitive b i d d i n g . A s u b s i d i a r y o f General P u b l i c U t i l i t i e s C o r p o r a t i o n ("GPU"), t h e company w i l l u s e t h e n e t p r o c e e d s o f i t s bond s a l e , t o g e t h e r

with f u n d s made a v a i l a b l e f rom o p e r a t i o n s and c a s h c a p i t a l c o n t d p t i o n s by GPU, t o r e i m b u r s e i t s t r e a s u r j f o r expend i tu res t h e r e f r o m p r i o r t o 1969 f o r c o n s t r u c t i o n purposeBf: t h e payment o f $23 ,000 ,000 o f s h o r t - t e r m bank

loans t o be o u t s t a n d i n g a t t h e t i m e o f t h e s a l e o f t h e bonds ( p r o c e e d s o f which h a v e been o r w i l l b e used f o r c o n s t r u c t i o n p u r p o s e s o r t o r e i m b u r s e t h e company 's t r e a s u r y f o r e x p e n d i t u r e s t h e r e f o r m f o r c o n s t r u c t i o n purposes) . C o n s t r u c t i o n e x p e n d i t u r e s a r e e s t i m a t e d a t $102 ,100 ,000 f o r 1969.

INTERPACE FILES FOR OFFERING AND SECONDARY. I n t e r p a c e C o r p o r a t i o n , 260 C h e r r y H i l l Road, P a r s i p p a n y , New 07054 , f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2-33404) w i t h t h e SEC o n June 6 s e e k i n g r e g i s t r a t i o n of

225,996 s h a r e s o f common s t o c k , o f which 100 ,000 a r e t o be o f f e r e d f o r p u b l i c s a l e by t h e company and 1 2 0 , 9 9 6 (being o u t s t a n d i n g s h a r e s ) by t h e p r e s e n t h o l d e r s t h e r e o f . The o f f e r i n g i s t o be made t h r o u g h u n d e r w r i t e r s eaded by Goldman, S a c h s & C o . , 5 5 Broad S t . , New York , N . Y . 10004; t h e o f f e r i n g p r i c e ( $ 3 7 . 5 0 p e r s h a r e maximum*) and u n d e r w r i t i n g t e r m s a r e t o b e s u p p l i e d by amendment.

The company i s engaged i n t h e m i n i n g , m a n u f a c t u r i n g and m a r k e t i n g o f v a r i o u s p r o d u c t s p roduced p r i n c i p a l l y from n o n - m e t a l l i c m i n e r a l s and r e q u i r i n g t e c h n i c a l o r a e s t h e t i c d e s i g n s k i l l s . The n e t p r o c e e d s o f i t s s a l e of a d d i t i o n a l s t o c k w i l l be added t o t h e company 's work ing c a p i t a l (wh ich was r educed a s a r e s u l t o f c a s h C q u i s i t i o n s i n t h e f i r s t h a l f o f 1969) and used f o r g e n e r a l c o r p o r a t e p u r p o s e s . I n a d d i t i o n t o i n d e b t e d n e s s

d p r e f e r r e d s t o c k , t h e company, h a s o u t s t a n d i n g 2 , 6 6 2 , 6 9 8 common s h a r e s , o f which t h e f a m i l y and d e s c e n d e n t s A l l a n M . H i r s h and f a m i l y t r u s t s own 18.5% and management o f f i c i a l s a s a g r o u p 8 .8%. J o h n F . B e t t s i s

Oard c h a i r m a n and Hugh F. Kennison p r e s i d e n t . The e s t a t e o f J o h n Hughson H i r s h p r o p o s e s t o s e l l 4 5 , 0 0 0 s h a r e s , lan M. H i r s h , J r . , a d i r e c t o r , 20 ,000 s h a r e s and 22 o t h e r s t h e r e m a i n i n g s h a r e s b e i n g r e g i s t e r e d .

TRADIYG SVSPENSIONS CONTINUED. The SEC h a s o r d e r e d t h e f u r t h e r s u s p e n s i o n o f exchange a n d / o r o v e r - t h e - u n t e r t r a d i n g i n t h e s e c u r i t i e s of BSF Company, ? s p i t 0 1 Hold ing C o r p o r a t i o n and r r l s t a r , i n c . , f o r t h e t e n - Y p e r i o d J u n e 14-23 , 1969, ; nc lus i "e , and i n t h e s e c u r i t i e s o f U n i t e d A u s t r a l i a n O i l , I n c . , f o r t h e t e n - d a y r i o d J u n e 15 -24 , 1969, i n c l u s i v e .

Con t inued

SiSC NEWS D I G E S ' , JUNE 13 , 1969 Page 5

PRE'JOR-MAYRSOHN FILES FOR OFFERING AND SECONDARY. P r e v o r -Mayrsohn I n t e r n a t i o n a l , 'Inc . , New York C i t y T e r m i n a l M a r k e t , Hun t s P o i n t , Bronx, N. Y . , f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2-334063 w i t h t h e SEC a n June 6 s e e k i n g r e g i s t r a t i o n of 1 8 0 , 0 0 0 s h a r e s o f common s t o c k , o f which 100 ,000 a r e t o be o f f e r e d f o r p u b l i c s a l e by t h e company and 80 ,000 ( b e i n g o u t s t a n d i n g s h a r e s ) by t h e p r e s e n t h o l d e r s t h e r e o f . The o f f e r i n g is t o be made t h r o u g h u a d e r w r i t e r s headed by T e s s e l , P a t u r i c k ti O s t r a u , I n c . , 6 1 Broadway, New -fork 10004; t h e o f f e r - ing p r i c e ($25 p e r s h a r e maximum*) and u n d e r w r i t i n g t e r m s are t o be s u p p l i e d by s r e n d m e n t . The company h a s agreed t o pay t h e u n d e r w r i t e r s $ 3 2 , 5 0 0 f o r e x p e n s e s . I n August 1968 , t h e s e ' l l i n g s h a r e h o l d e r s s o l d t h e T e s s e l f i r m 1 8 , 9 0 0 s h a r e s f o r $ 1 , 8 9 0 i n c a s h and i n c o n s i d e r a t i o n o f i t s s e r v i c e s t o be render 'ed t o t h e company o v e r 2 f i v e - y e a r p e r i o d a s f i n a n c i a l c o n s u l t a n t . I f t h e company c o m p l e t e s i t s p r o p o s e d merge r w i t h C h o c o l a t e F r a n c h i s o r s Corp. ("CFC") , t h e T e s s e l f i r m w i l l r e c e i v e f rom t h e CFC s h e r e h o l d e r s 4 2 , 0 0 0 shares : o f t h e s u r v i v i n g c o r p o r a t i o r r a s a b r o k e r a g e commiss ion f o r i t s s e r v i c e s i n c o n n e c t i o n w i t h t h e merge r .

The compaay is engaged p r i m a r i l y i n d i s t r i b u t i n g f r e s h f r u i e s , v e g e t a b l e s , e g g s , t r o z e n p o u l t r y and o t h e r food p r o d u c t s on a who1esal.e h a s i s , a s wel l . a s i n p u b l i c a t i o n o f "shopper" p e r i o d i c a l s . N e t p r o c e e d s o f Cts s a l e 3f a d d i t i o n a l s t o c k w l l l be used bv t h e s u r v i v i n g c o r p o r a t i o n (o f t h e rnrrger between t h e company a\:< CPC; i n t h e i n i t i a l a c t i v i t i e s o f i t s c h o c o l a t e s o d a e x t r a c t b u s i n e s s and f o r g e n e r a l c o r p o r a t e p u r p o s e s . The ci>m- pany h a s o u t s t a r t d i n g 198 ,100 common s h a r e s ( w i t h a $3 .80 p e r s h a r e book v a l u e ) , o f whicn Sydney P r e v o r , v i c e p r e s i d e n t , owns 15.8"/, , Har ry P r e v o r , p r e s i d e n t , 1 1 . 5 2 , M i c h a e l P r e v o r , s e c r e t s r y , 11 . 2Yc and Berna rd Flayruohn, t r e a s u r e r , 10 .1%; e a c h p r o p o s e s t o s e l l 20,003 s h a r e s .

PENNSYLVANIA NATIOML TUI,:F CLUa TO SELL 5TOCK. P e n n s y l v a n i a N a t i o n a l T u r f C lub , Tnc. , S u i t e 701, Payne- Shoemaker B l d g . , Harrisburg, Pa . 17101, f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2-33405) w i t h t h e SEC on J u n e 6 s e e k i n g r e g i s t r a t i o n of h50,000 s h a r e s o f C l a s s A common s t o c k , t o be o f f e r e d f o r p u b l i c s e i e a t S l G p e r s h a r e . The o f f e r i n g is t o be made t h r o u g h u n d e r w r i t e r s headed by S u p l e e , Mos ley , C l o s e h Kerner Lncor-poratec!, 1500 Walnut S t . , P h i l a d e l p h i a , P a . 19102, which w i l l r e c e i v e a 9 0 ~ p e r s h a r e ccrrmiss ion p l u s $!5,(1CO f s r e x p e n s e s . The company h & s a g r e e d t o s e l l t h e Sup1.ee f i r m , f o r $ 2 , 0 0 0 , s i x - y e a r w a r r a n t s t o pc rc i i a se +:>,UOO C l a s s A s h a r e s , e x e i c i s a b l e a f t e r one y e a r e t $ 1 1 p e r s h a r e .

The company was o r g a n i z e d i n March 1968 t o c o n d u c t t h o r o i ~ g h b r e d h o r s e r a c e n e e r s i n E a s t Hanover Township , Dauphin Coun tv , P a . , a t which p a r i - m u t ~ e ? k a g e r i n g w i l l be p e r n i e t e d . Of t h e n e t p r o c e e d s of i t s s t o c k s a l e , $ 1 , 1 0 0 , 0 0 0 f rom t h e s a l e o f t h e 1 , 0 0 0 , 0 0 0 p r e s e n t l y o u t s t a n d i n g C l a s s B s h a r e s and a $ 4 , 6 0 0 , 0 0 0 mortgage l o a n , $750,00C w:! 1 be used f o r u r ~ l i a e o f l a n d , $ 8 , 2 1 5 , 0 0 0 f o r c o n s t r u c t i o n , $150 ,000 f o r f u r n i s h i n g s end u p t $ l , i O 0 , Us9 f o r wor*in{78bIif,BInge?c i e s and $ 2 8 0 , 0 0 0 f o r a r c h i t e c t u r a l and o t h e r p r o f e s s i v n a l f e e s ; the L s l a n c e w i l l be :-sed f o r g e n e r e l c o r p o r a t e p u r p o s e s . The company h a s o u t s t a n d i n g 1 , 8 0 0 , 0 0 0 C l a s s B s h a r e s , of v h i c h Edward C . F i r s t , J r . , v i c e p r e s i d e n t , K. E. Hirschman, v i c e p r e s i d e n t , and J . Kine S t r o h e c k e r , a d i r e c t o r , own 100 ,000 s h e r e s e a c h . John J . Shumeker i s p r e s i d e n t .

BRL5TOL-WERS FILES FOR SECONDARY_. B r i s t o l - M y e r s Company, 630 F i f t h Ave. , New York 10G23, f i l e d a r e g i s t r a t i o n s t a t e m e n t ( F i l e 2-33407) w i t h t h e SEC on J u n e 9 s e e k i n g r e g i s t r a t i o n of 9 4 , 7 3 7 c u t s t a n d i n g s h a r e s o f $2 c o n v e r t i b l e p r e f e r r e d s t o c k and 63 .013 o u t s t a n d i n g s h a r e s o f c m o n s t o c k , t o b e o f f e r e d f o r p u b l i c s a l e by t h e p r e s e n t h o l d e r s t h e r e o f . The o f f e r i n g s a r e t o be made t h r o u g h u n d e n ~ r L t e r s headed by Goldmsn, Sachs & Co. , 5 5 Broad h t . , and Lazard F r e r e s h Co., 44 Wal l S t . , b o t h o f New Yofk; the? o f f e r i n g p r i c e s ($50 p e r p r e f e r r e d and $67 p e r c o m o n s h a r e maximum*) and u n d e r w r i t i n g cerms a r e K O be s u p p l i e d b y amendment.

The company i s engaged i n t h e p r o d u c t i o n and d i s t r i b u t i o n of t o i l e t r i e s , p r o p r i e t n r y d-nd prescript tor^ m e d i c i n e s , h a i r c a r e and h a i r c o l o r i n g p r o d u c t s , househo ld s p e c i a l t y p r o d u c t s and n u t r i t i o n a l p r o d u c t s . Xr. a d d i t i o n t o i n d e b t e d n e s s and p r e f e r r e d s t o c k , i t has o u t s c a n d i n g 2 7 , 9 1 6 , 4 2 5 c o m o n sha r : - , s . D. Mead Johnson p roposes t o s e 11 8 7 , 5 0 0 p r e f e r r e d and 4 9 , 1 3 4 c o m o n s h a r e s and two o t h e r s t h e r ema in ing s h a r e s b e i n g r e g i s t e r e d . Such s h a r e s were a c q c i r e d i n c o n n e c t i o n w i t h t h e company 's a c q u i s i t i o n of Mead Johnson &

Company.

HARVER EDUCATIONAL SERVICES TO SELL STOCK. Harve r E d u c a t i o n a l S e r v i c e s , I n c . , 2 Br30k lyn Ave. , Merricl:, N.Y. 11566, f i l e d a r e g i s t r a t t . o n s t a t e m e n t ( F i l e 2-33408) w i t h t h e SEC on J u n e 9 s e e k i n g r e g i s t r a t i o n o f - 200,000 s h a r e s o f common s t o c k , t o be o f f e r e d f o r p r ~ b l i c s a l e on a " b e s t e f f o r t s , a l l o r n!~ne" b ~ s i ~ s t h r o u g h Kluge r , E l l i s & Mann. New York. The o f f e r i n g p r i c e ($7 p e r s h a r e maximum*) and u n d e r w r i t i n g t c r n s a r e t o be S u p p l i e d by amendment. The company h a s ag reed t o pay t b e u n d e r w r i t e r $ 2 5 , 0 0 0 f o r e x p e n s e s and t o s e l l i t , f o r $200, f i v e - y e a r w a r r a n t s t o p u r c h a s e 2 0 , 0 0 0 s h a r e s , e x e r c i s a b l e i n i t i a l l y ( a f t e r one y e a r ) a t $ 7 . 7 0 p e r s i l a r c .

Organ ized i n May 1968 a s Harve r S a l e s Corp. , t h e company i s p r i m a r i l y engaged i n t h e s a l e of books ond Other conslumer m e r c h a n d i s e i n s u p e r m a r k e t s t h r o u g h promotions conduc ted on a " g u a r a n t e e d s a l e s " b a s i s , which means t h a t m e r c h a n d i s e no t s o l d may be r e t u r n e d t o t h e company by t h e supermarket fo r c r e d i t . . O f t h e n e t p roceeds o f i t s s t o c k s a l e . $400 ,000 w i l i be used t o d e f r a y t i le c c s t o f r d i t o r i s l work on ~ t ! e company's m n l t i - volume i l l u s t r a t e d r n c y c l o p e d i a and $90 ,000 t o redeem f i r s t and second p r e f e r r c , d s h a r r s owned h v p r e s e n t s h a r e - ho!dere of t h e company; t h e ! la lance rij.11 b e added t o work ing c a p i t a l and used i o r g e n e r a l c o r p o - a t e pIlr1,oses. In a d d i t i o n t o p r e f e r r e d s h a r e s , t h e company h a s o u t s t a n d i n g 400 ,000 common s h a r e 3 ( w i t h 2 3 ~ p e r s h a r e n e t t a n g i b l e book v a l u e ) , O F which James M. J a c o b s o n , p r e g i d e n t , and Hsr r i so r i Verne r clwn 32.9'2 e a c h and management 8 s a g roup 100'!,. P u r c n a s e r s o f t h e s h a r e s b e i n g r e g i s t e r e d w i l l a c q u i r e a 33-113,: ; t s c 4 i n t e ~ e s t i r l t h e com- pany f o r t h e i r i n v e s t m e n t o f $1 ,400 ,000* ; t i le p r e s e n t s t o c k h o l d ~ r s w i l l t h e n own bh-Z i :? : , [or . ~ h i i t i t hey p a i d $30 ,000 .

!IECEm FOP>! S - V ~ FILI!iCX. The companie? l i s t e d t . e l w have f i l e d Forn 8 - K r e p o r t s f o r t h e n,onEh lnc l i ca t ed and r e s p o r ~ d i r i g t o t h e i t e m i.f t h e Form s p e c i f i e d i n p a r e n t h e s ~ n . P h o t o c ~ p i e s t h e r e o f may b e p,! rch3ccd fro!;) the C o m i s e i o n ' s pub1 i c Re t e r e r ~ c e S e c t i o n ( p l e a s e g i v e News D i g e s t " I s s u e No ." i n o r d e r i n g ) . T~lvo icc wLL1 be incl r tded w1t.h t h e reqve!jted m a t e r i a l tiher, m a i l e d . An index o f t h e c a p t i o n s o f t h e s c v e r a l :!em:; o f t h e form was i n c l u d e d i n t h e J u n e 4 News D i g e s t .

OVER

SEC NEWS DIGEST, JUNE 13, 1969 Page i:'

Cubic Corporation Mar 69 Investors Growth Industries. Inc.

(3.7,12) 1-4227-2 Mar & Sep 68(2.13) 0-796-2

Di Giorgio Corp. Mar 69(12,13) 1-1790-2 Missouri Beef Packers, Inc. Mar 69(1,2,11,13) 0-2381-2Lin Tso Corporation Mar 69 1-4242-2(2,7,12,13) 2-27957-2 RIC Group, Inc. Mar 69(1.2.13)

Tracor, Inc. Mar 69(7,8,13) 0-528-2Peoples Drug ~tores, Inc. Union Oil Co. of Calif. Mar Mar 69(4,11,13) 1-174-2 69 (J.8,12.13) 1-554-2Piper Aircraft Corp. Har Wyoming Industrial Development69(2,7,13) . 1-3216-2

Systems Engineering Laboratories Corp. Mar 69 (11) 2-26917-2

Inc. Mar 69(4.7,8,12.13) 1-5635-2 Merchants RefriAerating Co~ Trans-Lux Corporation Mar 69 Mar 69(12.13) 1-4029-2 02,13) 1-2257-2 Roan Selection Trust Ltd. Tudor Industries Corporation (6K)(Feb 11 to Mar 21, '69) 1-3873-2 Mar 69(12,13) 0-1808-2 Scientific Data Systems, Inc. White Shield Corporation Har 69(8) 1-5250-2Mar 69(1.7,9,11,13) 0-3080-2 20th Century Industries, Inc. Nar 69(3) 0-1687-2Avco Corporation Mar 69(12,13) 1-124-2 U. S. Shoe Corporation Mar 69Bazar, Inc. Mar 69(3) 0-14-2 (4,7,13) 1-4009-2Empire District Electic Co.

Har 69(8,13) 1-3368-2 American Finance System Inc. National Equities Inc. Mar 69 Mar 69(4.11,13) 1-5625-2(7,13) 0-2140-2 Government Employees Corp. Noxe11 Corp. Mar 69(13) 0-734-2 Mar 69(11) 0-414-2The Texstar Corporation Government Employees FinancialMar 690,8,11) 1-4229-2 Corp.(Mar 69(11) 0-412-2USM Corporation Mar 69 (3) 1-1599-2 Investors Fundin g Corp. ofWeingarten l1arkets Realty Co. N.Y. Feb 69(7,11,12.13) 1-4600-2Mar 69(11) 2-14373-2·.~olverine Industries. Inc.

Overseas National AirwaysInc. Dec 68(7,8,1) 0-3060-2Mar 69(12) 1-5746-2 Town & Country Mobile Homes,Inc. Feb 69(11.13) 1-5544-2All American Engineering Co. Vogt Hanufacturing Corp.Mar 69(2,13) 1- 3733-2 Har 6901.13) 1-4883-2CAC, Inc. Mar 69(2.3,7) 2-24219-2

The Deltona CorporationFeb 69<7,12) 1-4719-2

Angelica Corp. (Har 69)(2.4,7,13) 1-5674-2Eastern Air Lines, Inc. Giddings & Lewis, Inc.Mar 69<7,8) 1-3049-2 Nar 69(8) 1-5372-2Endicott Johnson Corp. Grant Advertising International.Mar 69(12) 1- 578-2 Inc. Har 69(3) 0-2463-2Greenman Brothers Inc.

Feb 69(7) 2-26461-2 Warner Company Mar 69(2) 1-4170-2

Longview Fibre Co. Jan 69 Champion Home Builders Co.( 13) 0-1370-2 Har 69 <7,13) 1-4993-2 Michigan International Craddock Terry Shoe Corp. Speedway Inc. Mar 69(2,7,13) 0-3333-2 Milton Roy Company Mar 69(7) 0-3119-2 Mar 69{7.13) 0-542-2

Ryder System Inc. Mar 69(12) 1-4364-2 Flo-Tronics, Inc. Nar 69 (7,12.13) 0-1388-2

Aero-Tech, Inc. Mar 69(7,8) 2-29720-2 H. J. Heinz Co. Mar 69(7) 1-3385-2 Colorado CNB Bankshares, Inc. Lynch Corp. Har 69(10,12,13) 1-106-2

~jar 69(1) 0-3248-2 Phillips ~etroleum International Cox Broadcasting Corp Har 69 Investment Co. Mar 69{7,13) 1-5179-2

(12) 1-4933-2 RepUblic Electronic Industries. Federal Sign & ~ignal Corp. Inc. Nar 69(1) 0-2452-2

Har 69(7,11,12,13) 1-5835-2 :>utrnHortgage Investment Trust Ha r 69<7,11,13) 2-21050-2

SECURITIES ACT REGIS!RATIQNS. Effective June 12: The American Plan Corp., 2-30483 (July 22); Baltimore Gas and Electric Co., 2-33070 and 2-33071; Beneficial Finance Co., 2-33088 (July 23); Bouquet River Paper Mills, Inc., 2-31950 (90 days); Geedatic, 2-32105 (90 days); Grey Advertising Inc.,2-32843 (July 22); Hydroponic Sciences, Inc., 2-30668 (Sept 10); International Computer Corp., 2-30605 (Sep 10); McCulloch Oil Corp., 2-33253; Six Flags Over Texas Fund, Ltd., 2-32528 (Sep 11); Sky City Stores, Inc., 2-32829 (Sep 11); Sportsworld Communications Corp., 2-30936 (90 days); Stauffer Chemical Co., 2-32529; Tiae-Sharing Terminals, Inc., 2-32177 (90 days); Varian Associates, 2-33335; Ventures Research and Development Group, 2-31726 (Sep 10); Work Wear Corp., 2-33244.

MOrE TO DEALERS. The period of time dealers are required to use the prospectus in trading transactions is shown above in parentheses after the name of the issuer.

*As estimated for purposes of computing the registration fee.

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