SECURITIES AND EXCHANGE COMMISSION ~INDkgt

~rrli( A fl1mw~ IDll m~tr ~ A brief summary of financial proposals filed with and actions by the SEC Cb~

Washington 25 DC (In rdln f1I tbullbull t f RI bullbull frm Publlcatln Unit cit numbr)

FOR RELEASE __~J~u~n~)wQ+~lu9w6~1 _

FAIRMOUNT FILES FOR STOCKOFFERING Chemical Inc amplancha~dCHEMICAL ANDSECONDARYF4irmount Co 117 St Newark N J filed a registration statement (File 2-18388) ~ith the SEC on June 28th seeking re~i~tra-tion of 150000 shares of commonstock of which 125000 shares are to be offered for public sale by the com-pany and the remaining 25000 shares being out at and Ing stock by the holders thereof The offerfng IfUl be on an all or none basis through Andresen 6t Co The public of f er f ng price and underwriting termlli 4e ito bi supplied by amendment The outstanding 25000 commonshares were sold by the company in June 1961 to ce~tain individuals including the partners of Andresen 6t Co and a dJrector of the company at $450 pe~ share The registration statement also includes 9000 commonshares whicn underlie 5-y~ar warrants said to t~e ~nde writer for $900 exercisable at $5 per share and 1000 commonsnar es which underlie like warrants ~cid to II

director of the company Such out s t andfng shares and shares underlying said warrants may be sold fr-pm time to time publicly or privately at not in e~ce8S of such prkces 58 may prevail in the market at rhe time ~f such sales

The business of the company is the manufacture of chemlcal~ ~rncipal among which are hydraampinep t~Gsa l t s and its derivatives for use in various Lndu st r Le s and otlter ch-emical intermediates fo- the phcsomiddotmiddotlTsphlc pharmaceutical and reproduction industries Of the Itt proceeds (rom the company II sale gtf ampiI~iona1 stock $200000 will he used for the purchase and Lns t at Lat ron of new equfpment and f ac Uiti~s fa-the production of color photographic chemicals at the companys Iandsrd Street (Newark) pllli1I $120s000 toreduce a bank loan of $400000 Lncurr ed to pay the eo s t of cons t r oc t ron of 11 new building ~nd h pudsooetrod installation of new equr pmant ~t the Blanchard Street plant amptl i-e balance to eliminllte 425000 lt)l

de~t~dness as working capital and other general corporate purp~lqIn addition to certain indebtedness the compauy has (utstlndlI1 f25OOO shares of common s eock 0(

which flCederick Von Hessert plesicient own s 8J Tf and man agemet of~tlie1I as group 9081 Ole prClJlJeC~HiII lists l~ selJing stockholders who propose to sell amounts rangin~ trc~ 500 to 6500 shares

CONnNEtJTAL OIL tILES THRIFT PLAN Continental Oil Company )OU 1lt11111 Street Hosecttoa T~~ fOro lt1

~ghtlttion statement (File 2-J8406) with the SEC on June 28th IHeilting regjtgtion of $1001)01)) o ifl~i

eats of participants in the companys Thrift Plsn for Employees and ~O~uOO 5hares of capital ~tock whtch maybl acqui-fd pursuant thereto

PAUiETTOPULP AND PAPERFILES FOR STOCK OFFERtNG lalmetto Pulp lrlti Papar Corporation 1 0 8(m iQ9 grangeburg S C filed a r eg t at rat Lon statement (Fi te 2-18414) wlth the SEC on June 28th Ieeidng lIeghti~~ tion of ) 000000 shares of commonstock to be offered for pub1 t ule at $345 per shar e Thl1offerng 71U he made en B best efforts basis th ough Stone and Company which ~Ul r~ceiJe a 45~ per share uH11i13 0II1II9

don The company was organized under So ut h Cacolina law Ln April 1)(J() to ~uy ami Ieaae soutiher n irncredlnlh

and to tmcourage the development of tnt oouthlI forfst resources thnHlgb fhe cont ro l alld th~ flottl of 1middot-~ect anel (toeae damage It prima) function ie tn gtowth of IiMbe r Of the net proceeds room tft n~N~ 1pound $2500000 will be used as dd1t1onal working apital to purthueuro trllt~t of timberland 1ll ~hlt IJIHltheut tltlhid~in the opinion of the management r epr eaenr gilud investment wi th a high appr ec tat Lcn pntfl1tld the b~inef ia to be held in reserve fur pgtIoIs1hle pur chaae of 011 pul p ~- pler m 11 or a hardbla-dIld 11 dl~ hi South Carolina and the development 0) plans tor the financing and huildio (Of such a mill

In ad~ttion to certain indebtednpound8G the company has outstanding 6J5335 sharea of common~to~k~ of ~h~e~ IIitllHgemert offie iala as group (lWl1 25l1 According to tne prolllctll an Bdditional 144J hve23J ehampQ)(1Ubaen subcdbed to and are being held in unexecuted form as aecur1ly for tock 8ubacriptionlrecei sbh en Hme paymellt bash John E Harter h ptf8ident bull

Y~ LUGUsectJILES FINANCINGP~ Union Leagufl Inc 11459 East lmpuhl Hihway NQrwal~Apoundtli filed a registratio~ statement (File 2-18415) with the ~KCon June 28th ekingrt~itration of $70~tOOO of 7t 8ubordinated sinking fund debentur~8 due lqi6 (with attached wrrant)~ and 140000 h~xe ~f co~non to~kto ~ offered for public aale in unit eonaiting of 80 commonh4~ea and $400 of deb nlure4 (with )-yellt warrants to purchase 80 ahar at $550 per ahare) rhe securities are to be offered at $8Qu pI u u on n 11 or none baais through undrwrit6r headed by Holton Henderlon amp Co which will reeeive $80 p~rInit cnlllllllill8ion The reghtration Itatement aho includ 70000 commonshrea which undrIb 3~y bullbull u VBlIrantE tQ be aold to the underwritera at lO~ each alao exareiable at $550 par ahare

the company was orsaniamped under California lw in Jouary 1961 by Henry E Cetlano pr bullbull ldent 4nd hilIife Kdan R Catalano In Macit th Catla tr-anaferred to the eompally all of the tock ot vet (I)1por--tio~4nd all of the aats of two proprietorship ~wnd by them which firm owned 1n the ampslrsatefiye ~1~ ln8 eenter and four related bowlinl eetiv1tle 1n exehnle for 280000 ~ommon her bullbull 11 of th abere now outtanding Of the etimated $1100000 net proceeds from the bullbull 1 of the unit $600000 viII bt ued to-~rd the liquidation of ouetaadins ~u~rent indebtedn bullbullbull 50000 toward acqul1tion of fecl11tie to ceoar ~dt a commibullbullbullry and centrl warhouaina for pUTchbullbullinll ad the balance tor worklnl cpltal

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2SEC NEWS DIGEST JUNE 30 1961 Page

COTT 1OfC11NG FILES FOIT OFFEltlNG AND SECONDARY Cott Bottling Co Inc bullbull 177 Granite ~Ireet Manchester II H filed ~ registration statement (File 2-18407) with the SEC on June 29th see~ing registration of 135000 sharer of common stock of which 170000 shares are to be offered for public sale by the company and l65000 shareB being outstanding stock by the present holder6 thereof The offering will be made on an III or none basis through underwriters headed by It W Pressprich amp Co The public offeriag price and under-

oJrit1ng terms are to be supplied by amendment The company is engaged in the manufacture and distribution in certain areas of bottled and canned car-

bonated beverages which are marketed under the Cott trade nane In addit1on it also maufactures and dis-tributes bottled carbonated beverages in New England under the name American Dry The net proceeds from the company~ sale of additional stock will be applied to the reduction of short-term borrowings made to finance inventory and accounts receivable to finance additional inventory and accounts receivable and to finance in ~artt expansion of and addition to plant

In addition to certain indebtedness the company has outstanding 585000 shares of common stock of which Morris Silver president and Henry R Silver executive vice president own 150696 shares each and propose to sell 52500 shares each and One Seventy-Seven Granite Street Inc (whoily~owa~d by the two Silvers) owns283608 shares and proposes to sell 60000 shres

OCCIDENTAL PETROLEUM PROPOSES DEBENTURE RIGHTS OFFERING Occidental Petroleum Corporation 8255 BeverlyBlvd Los ~n8eles filed a registration statement (File 2-18408) with the SEC on June 29th seeking registra-tion of $3962500 of Fifteen Year Subordinated Convertible Debentures due 1976 l~ is proposed to offer such debentc~es for subscription at 1001 of principaL emount by common stockholders At the ~ampte of $100 of debenture ~or each 100 shares held No underwriting is involved The interest rete and record date are to be suppliad by amendment

The company is engagen primarily in the busin~8S of Acquiring and developing oil and gLd properties and drill~ng fO~n producing and selling ~rude oil and na~url gas Current production of oil is primarily cen-tered in Caifornia and cuyrent production of natural gas 1n California and N~w Mexico N~t proceeds from the debenture sale will be used in the exploration and development of the Arbuckle Extension~ West GrimesWest Buttes Areas and the Amber Lease (all in Califo~nla) and the balance for working capital

The co~~any has ou~standing 3929797 shares of common stock of which lamand Hammer pTesident owns lOl and man6gement ofiiclals a a group 1611

TRANI COMPANY FILES STOCK ~LAN The Tran2 Company 5acond an~ Cameron Avenue ~Cro8seR Wisc filed a registration statement (File 2-18410) with the S~C on June 29th seeking ~egistration of 67p500 shares of common 8toC~ to be otfered to certain officers and employees pursuant to the companys Restricted Stock Option ter

~~OR SEARS HOLDINGS FILED Chemical Bank Na~ York Trust Company 30 Broad St bullbull New York filed a registraticn statement (File 2-18411) with the SEC on June 27th seeking registration of American DepositaryReceipts fl~ 50000 A urdinary Shares of Sears Holdings Limite (of England)

ADRs FOR G J COLtS amp COYlEChemial Blni New Ycrk Trust Company 30 Broad se New York filed a reghtra ~iol atatment File 2-18412 with the SEC or June 27th seeking reghtrtlon of American DepositaryReceipts fo~ 50000 un~~8 of ordinary stock of G J ~olea amp Coy Limited ~of Australia)

AeR FOR MYRR EMPOPIVrl FlLED Chemical Bank iJelmiddot 10rl Trust Company 30 Broad St Hew York filed a regi$trtI~n statement (File 2=T8413 with the SEC ~n Junpound 27th seeking registration of american DepositsryReceipts for 50000 unit of ordinary stock of Thp riy~ Empo=ium Limited (of Australia)

~~nBIN baECTaCNICJ]ILES fOR OFFERI~G T~Qrijvuion Electronics lneorporated 460 North Ave~ocheLmiddotmiddot bullbull N Y Hled a ugistratiur statement (FOe 2-18409) itu the SEC on June 29th seeking reg1stra~t~on of 14-000 Sh~~8 of common stock to be offered or public sale on an all or none baai through und~r wr1t~r8 he~ded Z) Adams ~ hk Th~ publi~ offering pr1ce and underWTiting terms are to be euppl1ed by amend-ment The registat1olstatement auo iIHJulties2000 iommon snares which underlie 5-yeaX warrants to be sold to the principal urder~riter for $20 exereiabLe ~r pe~ share 14000 common shares which underLie like warrants to be SOld to FlorIda Capital Corp j and lAJ00 shares which underlie warrants to be sold to Comac Associatee

The company WAS orgampri~ed under New York lew tn J~ne 1960 as avc~eS8or ~o the Tranvision Division of Transvtd 1 Inc bull law YrlC company engaged in Ihe -ranufacture of apecialilted TV equlpment Since ita organi~Hon tte company has concentrated its activit1e en ~e8earch and developant engineering production and Dale of ehctronlc devicss for education purpoell ihue onaist principally ot TV equipmen~ used in educa-tional television and teaching deVices for use amp8 ic~ i~ teaching electranics The cocpany haa also 4dded to its lina TV kits and wired chasia fer use by hobbliats and ele~tronic kit bUilders Of the net proreedsfrom the fltock sale $225000 will be used to eltpand nufacturin~ ard engineering facilities and to establish E prototyenpe Itduatolal closed c rr cut c flystem for us illS a training center $250000 totelevision developand CampC-y cu amp Cl61ufactur1ngand sales program 4r ~lolJed circ~it television designed speificalJy for educa-tion urpses fo eectronic teaching devices A language laboratories $45000 to pay outstanding notes payable sfid t~ reauce accounts payable and the b~a~ce for general working capital

~n a~dltior to certain indebtedness the ccmpany ha ~utstanding 147 000 shares of c t k of 1 1 bull Co i 34 J bull ammon s ocI bull whir~ or ~ wap~ta~ rporat on owns ~ ar mSlagement officials as a group 1431 Herbert Suesholtz iamp listed as preside~

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2SEC NEWS DIGEST JUNE 30 1961 Page

COTT 1OfC11NG FILES FOIT OFFEltlNG AND SECONDARY Cott Bottling Co Inc bullbull 177 Granite ~Ireet Manchester II H filed ~ registration statement (File 2-18407) with the SEC on June 29th see~ing registration of 135000 sharer of common stock of which 170000 shares are to be offered for public sale by the company and l65000 shareB being outstanding stock by the present holder6 thereof The offering will be made on an III or none basis through underwriters headed by It W Pressprich amp Co The public offeriag price and under-

oJrit1ng terms are to be supplied by amendment The company is engaged in the manufacture and distribution in certain areas of bottled and canned car-

bonated beverages which are marketed under the Cott trade nane In addit1on it also maufactures and dis-tributes bottled carbonated beverages in New England under the name American Dry The net proceeds from the company~ sale of additional stock will be applied to the reduction of short-term borrowings made to finance inventory and accounts receivable to finance additional inventory and accounts receivable and to finance in ~artt expansion of and addition to plant

In addition to certain indebtedness the company has outstanding 585000 shares of common stock of which Morris Silver president and Henry R Silver executive vice president own 150696 shares each and propose to sell 52500 shares each and One Seventy-Seven Granite Street Inc (whoily~owa~d by the two Silvers) owns283608 shares and proposes to sell 60000 shres

OCCIDENTAL PETROLEUM PROPOSES DEBENTURE RIGHTS OFFERING Occidental Petroleum Corporation 8255 BeverlyBlvd Los ~n8eles filed a registration statement (File 2-18408) with the SEC on June 29th seeking registra-tion of $3962500 of Fifteen Year Subordinated Convertible Debentures due 1976 l~ is proposed to offer such debentc~es for subscription at 1001 of principaL emount by common stockholders At the ~ampte of $100 of debenture ~or each 100 shares held No underwriting is involved The interest rete and record date are to be suppliad by amendment

The company is engagen primarily in the busin~8S of Acquiring and developing oil and gLd properties and drill~ng fO~n producing and selling ~rude oil and na~url gas Current production of oil is primarily cen-tered in Caifornia and cuyrent production of natural gas 1n California and N~w Mexico N~t proceeds from the debenture sale will be used in the exploration and development of the Arbuckle Extension~ West GrimesWest Buttes Areas and the Amber Lease (all in Califo~nla) and the balance for working capital

The co~~any has ou~standing 3929797 shares of common stock of which lamand Hammer pTesident owns lOl and man6gement ofiiclals a a group 1611

TRANI COMPANY FILES STOCK ~LAN The Tran2 Company 5acond an~ Cameron Avenue ~Cro8seR Wisc filed a registration statement (File 2-18410) with the S~C on June 29th seeking ~egistration of 67p500 shares of common 8toC~ to be otfered to certain officers and employees pursuant to the companys Restricted Stock Option ter

~~OR SEARS HOLDINGS FILED Chemical Bank Na~ York Trust Company 30 Broad St bullbull New York filed a registraticn statement (File 2-18411) with the SEC on June 27th seeking registration of American DepositaryReceipts fl~ 50000 A urdinary Shares of Sears Holdings Limite (of England)

ADRs FOR G J COLtS amp COYlEChemial Blni New Ycrk Trust Company 30 Broad se New York filed a reghtra ~iol atatment File 2-18412 with the SEC or June 27th seeking reghtrtlon of American DepositaryReceipts fo~ 50000 un~~8 of ordinary stock of G J ~olea amp Coy Limited ~of Australia)

AeR FOR MYRR EMPOPIVrl FlLED Chemical Bank iJelmiddot 10rl Trust Company 30 Broad St Hew York filed a regi$trtI~n statement (File 2=T8413 with the SEC ~n Junpound 27th seeking registration of american DepositsryReceipts for 50000 unit of ordinary stock of Thp riy~ Empo=ium Limited (of Australia)

~~nBIN baECTaCNICJ]ILES fOR OFFERI~G T~Qrijvuion Electronics lneorporated 460 North Ave~ocheLmiddotmiddot bullbull N Y Hled a ugistratiur statement (FOe 2-18409) itu the SEC on June 29th seeking reg1stra~t~on of 14-000 Sh~~8 of common stock to be offered or public sale on an all or none baai through und~r wr1t~r8 he~ded Z) Adams ~ hk Th~ publi~ offering pr1ce and underWTiting terms are to be euppl1ed by amend-ment The registat1olstatement auo iIHJulties2000 iommon snares which underlie 5-yeaX warrants to be sold to the principal urder~riter for $20 exereiabLe ~r pe~ share 14000 common shares which underLie like warrants to be SOld to FlorIda Capital Corp j and lAJ00 shares which underlie warrants to be sold to Comac Associatee

The company WAS orgampri~ed under New York lew tn J~ne 1960 as avc~eS8or ~o the Tranvision Division of Transvtd 1 Inc bull law YrlC company engaged in Ihe -ranufacture of apecialilted TV equlpment Since ita organi~Hon tte company has concentrated its activit1e en ~e8earch and developant engineering production and Dale of ehctronlc devicss for education purpoell ihue onaist principally ot TV equipmen~ used in educa-tional television and teaching deVices for use amp8 ic~ i~ teaching electranics The cocpany haa also 4dded to its lina TV kits and wired chasia fer use by hobbliats and ele~tronic kit bUilders Of the net proreedsfrom the fltock sale $225000 will be used to eltpand nufacturin~ ard engineering facilities and to establish E prototyenpe Itduatolal closed c rr cut c flystem for us illS a training center $250000 totelevision developand CampC-y cu amp Cl61ufactur1ngand sales program 4r ~lolJed circ~it television designed speificalJy for educa-tion urpses fo eectronic teaching devices A language laboratories $45000 to pay outstanding notes payable sfid t~ reauce accounts payable and the b~a~ce for general working capital

~n a~dltior to certain indebtedness the ccmpany ha ~utstanding 147 000 shares of c t k of 1 1 bull Co i 34 J bull ammon s ocI bull whir~ or ~ wap~ta~ rporat on owns ~ ar mSlagement officials as a group 1431 Herbert Suesholtz iamp listed as preside~

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$EC NEWS DIGEST JUNE 30 1961 Page 3

AMERICAN PACKING FILES FOR STOCK OFFERING American ~acking Co 303 NE Northlake Way Seattle Wash filed a registration statement (File 2-18417) with the SEC on June 29th seeking registration of 150000shares of common stock to be offered for public sale at $450 per share The offering will be made throughunderwriters headed by Joseph Nadler ~ Co Inc which will receive a 45cent per share commission and $15000for expenses The registration statement also includes (1) 16000 outstanding common shares which the holders thereof sold to Joseph Nadler at 50cent per share (of which 4000 were sold to Herman Goldberg a finder) and (2) 25000 common shares which underlie 5-year warrants sold to Karl V Sjoblom president at lcent per warrant exercisable at $450 per share (of which 15000 warrants were subsequently re-sold to Joseph Nadler)

The company is engaged in the processing and sale of canned salmon which is packed in its two plantslocated at Anacortes Washington and Naknek Alaska Of the net proceeds from the stock sale up to $300000 will be utilized to avoid certain future financing costs The company has been factoring its pack receiving 701of the market value of the Puget Sound pack when the processed salmon is removed from the Anacortes plantand placed under bond for sale The company has also received an advance of 501of its Alaska pack upon com-pletion of processing at its Naknek plant and an additional 201when this pack is put into bond in Seattle for resale Such factoring may cost the company an over-ride of up to 21of the gross proceeds from the sale of its 1961 pack With additional equity provided by this offering the company intends to obtain bank financing which in conjunction with up to $300000 of the proce~ds will replace funds otherwise to be pro-vided by factoring and will avoid an over-ride on its gross sale3 The balance of the proceeds will be used for general corporate purpoes including additional capital requirements to handle any further volume of business ariSing from the increase in productive capacity of the Naknek plant accomplished during 1961

In addition to certain indebtedness the company has outstanding 188000 shares of common stock of which Sjoblom owns 8711

DOUGLAS MICROWAVE FILES FOR STOCK OfFERING Douglas Microwave Co Inc bullbull 252 East 3rd Street ~ Vernon N Y bullbull filed a registration statement (File 2-18425) with the SEC on June 29th seeking registration of 100000 shares of common stock to be offered for public sale on an all or none basis through underwriters headed by J R Williston amp Beane and Hill Darlington ~ Grimm The public offering price and underwriting terms are to be supplied by amendment

The company and its subSidiaries are engaged in design manufacture and sale of microwave componentstest equipment and sub-systems as well as research and development in the field of microwave energy Of the net proceeds from the stock sale $100000 will be uspd to repay bAnk obligations incurred for working capital purposes $50000 will be used tor research and development $15000 for increased advertising and $25000 for additional equipment and machinery The balance will be added to the companys general funds and will be used for development and production of sophlsticateJ and end-use microwave units and as required for working capital purposes such as raw material purchases and payment of trade accounts and the like

In addition to certain indebtedness the company has outstanding 317000 shares of common stock of which R Harry Douglas president and Herbett M Hendlin vice pr~sident and secretary-treasurer own 3J1 each

AMERICAN SPORTS PLAN FILES FOR STOCK OfFERING American Sports Plan Inc 473 Winter Street Waltham ~ filed a registration statement (File 2-18419) with the SEC on June 29th seeking registration of 200000 shares of common stock to be otfered for public sale at $6 per share (without underwriting) Dealers who are instrumental in obtaining subscriptions will receive a commission of 50cent per share

The company was organized under Delawate law in June 1961 primarily to stablish and operate through subsidiaries ten pin bowling centers in various locations in eastern Massachusetts It currently operates one 40-lane center in Walthsm Mass and has ente~ed into a lease for an additional 32-lane center now be-ing constructed in Woburn Masa Of the estimated $1075000 net Jroceeds from the stock ale$115000 will be ued at the proposed Woburn center and the balance to establish additional centers Th~ company anticipates that centers containing an aggregate of 216 bowling lanes could be established with such amount of capital

In addition to certain indebtedness the company has outstanding 290000 shares of common stock ofwhich Joseph A Cardillo president and Patsy ~fobi11a Jr Louis Salamone and Una Barden directors own3521 1491 146~ and 1031 respectively and management officials aa a group own 819- Such shareswere issued in exchange for all the outstanding capital stock snd certificates of beneficial interest of128 Ten ~ins Inc (the center at Waltham) Woburn Ten ~in Inc and Cardillo Associates Realty TrustAccording to the prospectus upon the sale of the 200000 new shares the promoters of the company and theirassociates will own 59-of the then outstanding common for which they paid $199000 as against a 411 in-terest held by the public for an investment of $1200000

ORE-IDA FOODS FILES FOR OFFERING AND SECONDARY Ore-Ida Foods IIIC Ontario Oregon filed a registra-

tion statement (File 2-18427) with the SEC on June 29th seeking registration of 220000 hares of common stock of which 200000 shares are to be offered for public sale by the company and 20000 shares being out-standing stock by the present holder thereof The offering will be made on an all or none basis throughunderwriters headed by Kidder Peabody amp Co and two other firms The public offering price and underwriting term are to be supplied by amendment

The company was organized under Oregon law in February 1961 t which time it acquired in exchange for it initial isue of stock certain abullbulleta relating to the potato Fruceslng buine bullbull and all of the outstnd-ing tock of Idaho Industries Inc In March the compsny ucceeded to the buineses formerly conducted byfour ffiliated compnie bullbull nd by Idaho Industries Inc The prdecessor companie were engaged in potato growing procesing and torag or rlated activitie The company i now engaged primarily in procssina raw potatoes into vriou packaged froampen product Of the net proceed from the companya ale of addi tional atock $1175151 will be usd to py certain equipment purchbullbullbull obliation incurred In connectlon with recent purchbullbullbullbull of farm quipment nd rfrigeration and other proce bullbullina quipment for the company OntariO and Burley planta appro_imatly $lOO~OOO to Intall additional procbullbullbull ina equipment at the planttOVER

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SLC NEWS DIGEST JUNE 30 1961 rage 4

$100000 to construct an additional potato cellar at each of the plants $400000 to construct an additional cold storage warehouse at the Burley plant and $27635 to pay certain sundry indebtedness The balance will be added to working capital and will be available for general corporate purposes

In addition to certain indebtedness the company has outstanding 6121937 shares of common stock of which Anderson Bros owns l86~ Griff ~ Anderson Farms 1051 and the companys Employees trofit SharingPlan 108~ The latter proposes to sell the 20000 shares of its holdings of 66000 shares F Nephi Grigg is listed as president Vanness Anderson vice president and his two brothers each have a one-third interest in Anderson Bros and Grigg Anderson and four others each own one-sixth interests in Grigg amp Anderson Farms

FIDELITY SaiC PROfOSES RIGHTS OFFERING Fidelity Small Business Investment Company 2338 Central AveN E Minneapolis filed a registr_tion statement (File 2-18416) with the SEC on June 28th seeking registra-tion of 200000 shares of common stock The company proposes to offer the stock for subscription by common stockholders at $625 per share on the basis of two new shares for each share held The record date is to be supplied by amendment No underwriting is involved

A Federal Licensee under the Small Business Investment Act ot 1958 the company is engaged in making loans and supplying capital to small business concerns and providing such companies with consulting and ad-visory services It now has outstanding 100uOO common shares of which management offiCials own 3131 Pro-ceeds of the sale of additional stock will be used to increase the capital funds available for investments in and loans to small business concerns The prospectus lists C Herbert Cornell as pres1dent

McCRORY CORl FILES EXCHANGE PROPOSAL McCrory Cor porat Lon 711 Fifth Ave New York rUed a reg t s t ra-t on statement (File 2-18418) with the SEC on June 29th seeking registration of $46868000 of 5~ oinkingfund subordinated debentures due 1976 and 1757550 common stock purchase warrants (as well aSthe underlying common shares) The statement also includes 115000 common shares issuable pursuant to the McCrorys KeyEmployees Stock Purchase Plan (April 1960) and October 1960 amployees Stock Purchase ~lan

McCrory presently owns 224195 shares (1741) of the outstanding common stock of Lerner Stores Corpora-tion It proposes to offer holders of Lerner common stock the debentures and warrants referred to above as follows for each share of Lerner common $40 principal amount of debentures plus warrants to purchase 1-1 shares of McCrory common The warrants will be exercisable to and including March 15 1976 at the purchaseprice of $20 per share McCrory also will offer to purchase Lerner common for a cash consideration of $33 per share as an alternative to such exchange and at the sellers option

Accordin~ to the prospectus on and after March 7 1961 McCrory purchased the 224195 shares of Lerner co~non of which 123600 were acquired for cash and the balance for $40 ~rincipal amount of 5~1 notes due 1962 plus l~ warrants Said notes and warrants are to be exchanged for the new debentures and warrants Under its purchase agreement McCrory agreed to offer to all holders of Lerner stock the opportunity to tender tte f r shares on the above basis McCrory is said to be desirous of acquiring as large an equity interest in Lerner as can be obtained In addition to various indebtedness and preferred stock McCrory has outstanding5336551 common shares of which Rapid-American Cor-owns 3141 The prospectus lists M Riklis as board chairman and James Lutz as president

ECKERD DRUGS OF FLA FILES FINANCING PROPOSAL AND FOR SECONDARY Eckerd Dru~s of Florida Inc 3665 Gandy-Blvd Tampa Fla filed a registration statement (File 2-18420) with the SEC on June 29th seeking re-gistration of 90000 shares of common stock and $900000 of 7~ convertible subordinated debentures due 1971 The company proposes to offer these securities for public sale in units consisting of one common share and $10 principal amount of debentures The offering is to be made on an all or none basis through underwriters headed by Courts amp Co The public offering price and underwriting terms are to be supplied by amendment The underwriters will purchase only 60000 common shares from the company and the balance from Jack M Eckerdpresident and sole stockholder

Organized in June 1961 the company is the successor to predecessor businesses the first of which beganoverations in 1920 The principal business of the company and its subsidiaries is the operation of 12 drug stores of which 11 are in Florida and 10 are located in shopping centers Net proceeds of this financingwill be used in the amount of $750000 to equip stock and pay other costs of five new Florida retail drugamptore5 presently being planned and to be located on leased premises in shopping centers $420000 to repayshort-term borrowings and the balance for general corporate purpoSFS In addition to various indebtedness and preferred stock the company has outstanding 250000 common shares all owned by Eckerd

INDUSTRIAL ELECTRONIC HARDWARE lROPOSES DEBENTURE OFFERING AND SECONDARY Industrial Electronic Hardware Corr bull 109 ~rince Street New York filed a registration statement (File 2-18428) with the ~EC on June 29th sepking registration of $1000000 of Fifteen Year 64 Convertible Subordinated Debentures due 1976 to be offered for public sale at 100~ of principal amount and 25000 outstanding common shares to be offered bythe present holders thereof S D Fuller amp Co heads the list of underwriters which will receive an 8 commission on the debentures The public offering price of the common shares and underwriting terms are to be supplied by amendment The registration statement also includes (1) 37500 Common shares which underlie middotyear warrants to be sold to the underwriter for $375 exercisable at a price to be supplied by amendment rnd (2) 51500 common shares issuable upon exercise of Restricted Stock Options

The cmpany is a manufacturer of basic component parts (such as sockets terminal strips connectors and wi~ed assemblies) for the electrical and electronic equipment industry The net proceeds from its debenture sale will be used as follows $250000 for expansion of the connector business $150000 for the toolin~ upand production of a radiation detecting dOSimeter and the balance to finance the initial inventory and the introcuction of a line of receiving tube and test eqUipment tubes manufactured by Brimar Ltd a British company and for general corporate purposes

CONTINUED

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I ~ J ~ ~1

~ ~ ~ 1

SLC NEWS DIGEST JUNE 30 1961 rage 4

$100000 to construct an additional potato cellar at each of the plants $400000 to construct an additional cold storage warehouse at the Burley plant and $27635 to pay certain sundry indebtedness The balance will be added to working capital and will be available for general corporate purposes

In addition to certain indebtedness the company has outstanding 6121937 shares of common stock of which Anderson Bros owns l86~ Griff ~ Anderson Farms 1051 and the companys Employees trofit SharingPlan 108~ The latter proposes to sell the 20000 shares of its holdings of 66000 shares F Nephi Grigg is listed as president Vanness Anderson vice president and his two brothers each have a one-third interest in Anderson Bros and Grigg Anderson and four others each own one-sixth interests in Grigg amp Anderson Farms

FIDELITY SaiC PROfOSES RIGHTS OFFERING Fidelity Small Business Investment Company 2338 Central AveN E Minneapolis filed a registr_tion statement (File 2-18416) with the SEC on June 28th seeking registra-tion of 200000 shares of common stock The company proposes to offer the stock for subscription by common stockholders at $625 per share on the basis of two new shares for each share held The record date is to be supplied by amendment No underwriting is involved

A Federal Licensee under the Small Business Investment Act ot 1958 the company is engaged in making loans and supplying capital to small business concerns and providing such companies with consulting and ad-visory services It now has outstanding 100uOO common shares of which management offiCials own 3131 Pro-ceeds of the sale of additional stock will be used to increase the capital funds available for investments in and loans to small business concerns The prospectus lists C Herbert Cornell as pres1dent

McCRORY CORl FILES EXCHANGE PROPOSAL McCrory Cor porat Lon 711 Fifth Ave New York rUed a reg t s t ra-t on statement (File 2-18418) with the SEC on June 29th seeking registration of $46868000 of 5~ oinkingfund subordinated debentures due 1976 and 1757550 common stock purchase warrants (as well aSthe underlying common shares) The statement also includes 115000 common shares issuable pursuant to the McCrorys KeyEmployees Stock Purchase Plan (April 1960) and October 1960 amployees Stock Purchase ~lan

McCrory presently owns 224195 shares (1741) of the outstanding common stock of Lerner Stores Corpora-tion It proposes to offer holders of Lerner common stock the debentures and warrants referred to above as follows for each share of Lerner common $40 principal amount of debentures plus warrants to purchase 1-1 shares of McCrory common The warrants will be exercisable to and including March 15 1976 at the purchaseprice of $20 per share McCrory also will offer to purchase Lerner common for a cash consideration of $33 per share as an alternative to such exchange and at the sellers option

Accordin~ to the prospectus on and after March 7 1961 McCrory purchased the 224195 shares of Lerner co~non of which 123600 were acquired for cash and the balance for $40 ~rincipal amount of 5~1 notes due 1962 plus l~ warrants Said notes and warrants are to be exchanged for the new debentures and warrants Under its purchase agreement McCrory agreed to offer to all holders of Lerner stock the opportunity to tender tte f r shares on the above basis McCrory is said to be desirous of acquiring as large an equity interest in Lerner as can be obtained In addition to various indebtedness and preferred stock McCrory has outstanding5336551 common shares of which Rapid-American Cor-owns 3141 The prospectus lists M Riklis as board chairman and James Lutz as president

ECKERD DRUGS OF FLA FILES FINANCING PROPOSAL AND FOR SECONDARY Eckerd Dru~s of Florida Inc 3665 Gandy-Blvd Tampa Fla filed a registration statement (File 2-18420) with the SEC on June 29th seeking re-gistration of 90000 shares of common stock and $900000 of 7~ convertible subordinated debentures due 1971 The company proposes to offer these securities for public sale in units consisting of one common share and $10 principal amount of debentures The offering is to be made on an all or none basis through underwriters headed by Courts amp Co The public offering price and underwriting terms are to be supplied by amendment The underwriters will purchase only 60000 common shares from the company and the balance from Jack M Eckerdpresident and sole stockholder

Organized in June 1961 the company is the successor to predecessor businesses the first of which beganoverations in 1920 The principal business of the company and its subsidiaries is the operation of 12 drug stores of which 11 are in Florida and 10 are located in shopping centers Net proceeds of this financingwill be used in the amount of $750000 to equip stock and pay other costs of five new Florida retail drugamptore5 presently being planned and to be located on leased premises in shopping centers $420000 to repayshort-term borrowings and the balance for general corporate purpoSFS In addition to various indebtedness and preferred stock the company has outstanding 250000 common shares all owned by Eckerd

INDUSTRIAL ELECTRONIC HARDWARE lROPOSES DEBENTURE OFFERING AND SECONDARY Industrial Electronic Hardware Corr bull 109 ~rince Street New York filed a registration statement (File 2-18428) with the ~EC on June 29th sepking registration of $1000000 of Fifteen Year 64 Convertible Subordinated Debentures due 1976 to be offered for public sale at 100~ of principal amount and 25000 outstanding common shares to be offered bythe present holders thereof S D Fuller amp Co heads the list of underwriters which will receive an 8 commission on the debentures The public offering price of the common shares and underwriting terms are to be supplied by amendment The registration statement also includes (1) 37500 Common shares which underlie middotyear warrants to be sold to the underwriter for $375 exercisable at a price to be supplied by amendment rnd (2) 51500 common shares issuable upon exercise of Restricted Stock Options

The cmpany is a manufacturer of basic component parts (such as sockets terminal strips connectors and wi~ed assemblies) for the electrical and electronic equipment industry The net proceeds from its debenture sale will be used as follows $250000 for expansion of the connector business $150000 for the toolin~ upand production of a radiation detecting dOSimeter and the balance to finance the initial inventory and the introcuction of a line of receiving tube and test eqUipment tubes manufactured by Brimar Ltd a British company and for general corporate purposes

CONTINUED

LEC NEWS DIGEST JUNE 30 1961 1 a g e 5

Tho coanany h a s G r Z ~ t o n d i n g ( a f t e r g i v i n g e f f e c t t o a 3 2 s t o c k d iv idenG pcynbre J u l y 5 9 6 i ) 566179 -ng[es of csnlon s t o c k o f which Seymour Offerman p r e s i d e n t ard Bernard Ciffezm~c lt e c r e t a ~ y - t r e a s u r e r gtdn a b o u t 272 each The E s t a t e o f Lou i s Of f e r n a n owns 45752 s h a i 2 s and prposes C 3 se l l t h e 25000 s h a r e s

WMrltltgtTOM DlGXNEERING SERVICES FILES FOR STOCK OFPEBTNG Wazhington Enq L n e ~ r i n g S e r v i c e s Company I ~ c 4915 =aci Ave Bethesda Md f i l e d a r e g i s t r a t i c n s t a t e m e n t ( F i i e 2-18421) w i t h t h e SEC on J u n e 29 th s e ~ k i n ~ r e n i s t r a t i o n o f 375000 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 u b l i c s a l e a t $ 1 pe r s h a r e by - - company o f f i c e r s and employees who w i l l r ece i r e no f e z s o r commission

The company o f f e x s a v a r i e t y o f s e r v i c e s f o r r i l g i n e e z i n g p r o f e s s i o n s and m a n u f a c t u r i n g companies which a r c p r ~ v i d e d 9n a p r o 2 e c t b a s i s and i n c l u d e a Systerrs H a i n C ~ n s r c e i-ogram Documentatf -n Systems krogram T r a i n i n g arid T r a i a i r r g M a t e r i a l s Program and I n s t r u c t i o n Ha~uampiamp irogzam The n e t p ~ c e e d s from t h e s t o c k s a l e wiil Se used f o r l e a s e h o l d improvements t o pay ~ x t s t i n g Sank and o t h e r n o t e s p a y a b l e and a s worlcing c a p i t a l t o be used t o pay employee eompensa t ion d u r i c g B 33 t o 93-day ime i n t e r v a l between t h e t ime t h e cornpar9 gtefoi-ms work on i t s v a r i o u s c o n t r a c t s cnd t he t m e tha t it ~ -c= lves payment t h e r e f o r

I n adcitior~ t o c e r t a i n i n d e b t e d n e s s t h e L-onpar as o u t s t e n d i n g 575000 s h a r e s o f common s t o c k o f wh ich 2erome l ovy resident F r e d o L Levy s e c r r ~ i y sn RerrnarG S t a s k i n a d i r e c t o r own 4359 r25 l j ~ r s p n c t i v e J y Such outs ta i - rding sherrs me s bsok waive o f $ e l 4 pe r s h a r e and a f t e r t h e I o f he iew amp h a r e s w i l l have a boor v a l u e ai $ p e r share

PT kiTOc4IC8 It4TERNATZONAL FILES FOR OFFERING AEIL SECOS)AR2 A i r c r o n i c s I n t e r n a t i o n a l C o r p o r a t i o n o f --- F L C ~ L ~ P 6C3 West Road 8 4 F o r t L a ~ l d e r d a l e f l f i l e d s s e g i s t r a t i o n s t a t e m e n t ( F i l e 2-18426) w i t h t h e 7 o n June 29 th s e e k i n g r e g i s t r a t i o n o f 190332 c h o r e s o f corninn s t o c k o t which 10000 s h a r e s a r e t o be -

c-fcr~d fc p u b l i c sale by t h e company and 30 000 sha -es b e L 2 ~ o u t s t a n d i n g s t o c k 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 z f e r i n g w i l l be made c n an sil or none b a s i s t h o u g h u n d e r w r i t e r s hended by S t e i n Bras amp Scyce and V i c k e r s Mac+herson amp Uarwick nc Tlha p u b l i c o f f e r i n g p r i c e and underwriing t e rms a r e t o be s a p p l i c d by tmendment The r e g i s t r a t i o n staternen h i s o in= lude s (I) 22900 o u t s t a n d i n g common s h a r e s which u n d c r l i e 2-year o p t i 2 r s g r a n t e d t o t h e p r i n c i p a l u n d ~ r t ~ i - l t e r s by c e r t a i n s t o c k h o l d e r s e x e r c i s a b l e a t a p r i c e pe r s h a r t q b = suppLied by amendment and ( 2 ) 1312 o u ~ s t a n d l n g c o m o n s h a r e s which u n d e r l i e 9 0 i d a y o p t i o n s granted tire t ~ n d e r w r i t e r s t y a n o t h e r stockk-der rxesciaablc a t 56 p e ~ s h a r e

Thr compl-ny i s engaged p r i m a r i l y i n t h e snanzfo~~c of z l e c t r o n + c mechan ica l end e l e c t r o - m e c h a n i c a l r o c k c t ~ n d m- z i e s y s tern p a r t s and components uidcc s~tbccr r c t s +itl Uni ted S t a t e s Gcvernment r u n t r a c t c r s 2nd G ~ c T ~ ~ F L I ~ ~ O n t b C ~ ~ t h in-volving e l e c t r i c a l ayic ~ r c h i n ~ r a o ~ k ~ h s ionpany ir~sa m a n u f a c t u r e s c o r n u n i c a t i o n and trst e q ~ i p m e o t f o r t e l e p h o n e companies and he niitc~y u-petmerit of tile Government A p o r t i o n of k h r cct procsdc from the company s sa le of addJ2ioxl s toc i t r i L j be ~- e t o r e p a y a d v s n c e s from f a c t o r s - vhicn eriinter t o $94010 J n May 1961 t o p r e p a y nctcu payamp s ~ t s i a n d i n g ir t h e olrnouat o f $135U00 i n Isjay 3Gbb a-~ the ba la i l ce w l i l be ad5ed t3 gevera i inzls a ~ 6 ~ L I I be m a i l a b l e t o pay a p o r t i o n o f t h e c o s t ~f rorxfrctfnp esixippfng and f u r n i s h i n g ihe pr~pord trCesicgtn of tkc coinpcznys p l a n t t h e t o t a l c o s t o f hch i r sLdmased et $350300 Any rcn ia inae r w i l l I ass6 us ticrltinr csp i t a

ir r dd l io ~ t o r c T t a l n i n d e b t e d n e s s tlic comleiy has o r ~ l ~ t e n 2 i r g 8 8 0 7 5 s h a r e s o f colmon s t o c k o f w h i c h EoScrt C K r a m r p r e s i d e n t anci Doriitny WkfC a vle~ prebidrn arm 2197 and 2667 r e s p e c t i v e l y and manageroznt o f f i c i a l s a s a g r o u p own 5649 CP the 89000 o v t s t m d t n g cormron s h a r e s t o be o f f e r e d by t h e h o l d e r s t h e r e o f 75oI~G r e r e i s s u e d upon c o n ~ e r s i u n o f 67 cnvo~rCi~e d e b a n t m e s and F r a n k B Batemhen L t d p r o p o s e s t o sell t h e r emain ing 14000 ( o f 480 ih-72 h e i d ) f3c l L t 05 otLer s e l l i n g s t o c k h o l d e r s 28 t o be suppl i ed by amendment

UYhAMTC IEAF FZIES FOR 0FFEBIfiG AIKl SltCCiXr4Rgt+ a-onrn~r Gear ompxny I n c 175 Dixon Avenue A m i t y v i l l e ---------------- 1 I N Y f i l c r i a r e g i s t r a t i o n s t a t e n l e n t ( F i l e 2-18~122j w i t h t h e aEC on J u n e 29th s e e k i n g r e g i s t r a t i o n of --

12iu00 shares o f c c m o n cock of which 1G0010 r h a ~ e s w e 0 be o fered f o r p u b l i c s a l e by t h e company and 25 SO0 s k a r ~ s ned-tg cj1t6itrrnding stocl by kf Lampa $ W i e ~ m d ~ rc l l e c t artd s u i e s t o c k h o l d e r The c f t e r i n g LI be made a t $3 hitre t h r o u g h ilrieciiiiii~f~ hzeltltid by Y iomehiift S e i d l e r A C a I n c and Lorneoney oing G Cn which v i ~i r e c e i v e a P5c p ~ i srhc ~ c ~ m m i 6 ~ 0 1 i gild $0C)00 or e x p e n s e s The r e g i s t r a t i o n s t a t e -

a l s o dnclr~des 1250(3 common s h a r e d ( 3 he prircii)aE u i ~ d e m r i t e r t i a t 5GC per s h a r e g r g a n i z e d under Delaware Law i3 Ziane iJa tc cmpany aeqered by merger t h e b u s i n e s s o f Dynamic Ger

Co 11c The company i s engaged p r i n c i p a l l y n rr- marrtfsctre o f w s t o c k l i n e o f p r e c i s i o n i n s t r u m e n t p e a r s I t d i s e i i b u t e s t o t h e i n d u s t r y a c a t a l o g unde i l l erode nam Qr~sco c o n t a i n i n g morn t h a n 50GGi) itsnls t h a t may be l gt u r c h s s s d from c t o c k The n e t proceedlt froi S h e conpenyi6 sa l e of a d d i t i o n a l s t o c ~ w i l l be used f o r t h r r rbu i l t iFng and ~ u r c h a s e of a u t o m a t i c geer-eutlr4~ machiner t o psepey an unsecured n o t e f o r i n v e n t o r y o f s tock e k ~ r s i n t h e company s r e c e n t l y ~ p e n e d i9mt i n 78n Suy~i C e i d f tc e ~ t a b l i s h e nev p i a n t i n s o u t h s a s t s r n Uni ted S t a t e s and fci- g e n e r a l c o r p o r a t e prxq)cses tacltiiiag r~or ~r i r g c a ) i t e i

I n a d d i t i o n t o c e r t a i n i n d e b t e d n e s s t h e cfinrsi) iba ucatending 400OGO s h a r e s o f comn~on s tc rk a l l o f which i s owned by Wiegend who Froposes t o scli thl 250Dl s h ~ r e s ampccordLng t o t h e p r o s y o c t u e i n July 1961 he w i l l make a g i f t o f 24000 s h a r e s t o members u f hLe LamiJr and a f t e r t h e s a l e o f s h a r e s wlli otm 6857 of t h e o u t s t a n d i n g s t o c k

BLACK BEAR INDUSTRIES TRADING OhN COIITXNJC77 The SEC h66 R G u ~ ~ BT o r d e r suspend ing trndtng Ln t h e common ocock 3f Black Bear Induc ib r i e s Pnc (former1y Slncd 3ear ConcoLidaCed Mining Co) on t h e Ssn F r m c i a c o Mining Exchange and o v e r - t h e - c o u n t e r marke t f o r he f c r t b c r ten--day p e r i o d Suhy 3 t o 1 2 1961 ineLue ive

SEClJRITXES ACT KICISTHATXONS E f f e c t i v e J u n s 2 ~ S t a n d a r d Brands icrint Company ( F i l e 2-PBOhb) E f f e c t i v e June $2 A s s o c i a t e d Fund Xnc ( F i l e 2-166061 ASutomatic Canteen Co o f America ( F i l e 2-181923 -- l Lql i fornin E l e c t r i c Lower Co ( F i l e 2-18234) C a l i f o r n i a ~ ~ T e x s s Gil Gorp ( F i l e 2-18014) D e c i t r o n E cc t ron ice rrp ( F i l e 2-17737) Haveg I n d u s t r i e s I n c ( P i l a 2-1f3102gt I n t e r n n t i a n a P S i l v e r Company ( F i h 2-18126) iroomis-say l e a C a p i t a l Development Fund Xnc (File 2-16252) Withdravn June 30 Colo rado Bowling A i l e y s o f Rdrael (E i Ae 2-A6YU8)

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