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SECURITIES AND EXCHANGE COMMISSION

~lEW~ IDIllE~~A brief summary of financial proposals filed with and actions by the SEC

( In ordering full text of Releases from SEC Pubhcatlons Unit e r+e number)

(Issue No 69-231) FOR R E LE ASE _-December~3a~19--9--MISSISSIPPI POWER RECEIVES ORDER The SEC has issued an order under the Holding Company Act (Release

35-16541) authorizing Mississippi Power Company Gulfport subsidiary of The Southern Company to lncrease the amount of short-term notes it may issue from 5 to 10 (or $16000000) of the principal amount and value of the other securities it has outstanding Mississippi Power proposes to issue and sell up to $16000000 of short-term notes to banks and commercial paper to commercial paper dealers including$9713000 of currently outstanding notes The company will use the net proceeds of its financing to re-1mburse its treasury for part of the expenditures in connection with its construction program to finance in part its future construction program to pay at maturity from time to time out st and rng notes and rgtcotranecial paper and for other lawful purposes Construction expenditures are estimated at $9024000 for 196~ and $21947000 for 1970

CAPITAL SOlTrHWEST SEEKS ORDER Capital Southwest Corporation Dallas closed-end investment companyhas applied to the SEC for an exemption order under the Investment Company Act with respect to its prop~sedsale of stock of Pandick Press Inc and the Commission has issued an order (Release IC-59l7) givinginterested persons until 1230 PM on December 12 to request a hearing thereon In a registration state-ment filed by Pandick Press it proposed to make a public offering of 100000 shares also included in the statement were 30000 shares to be offered bv Capital Southwest and 271709 shares by certain other share-holders of Pandlck Press Capital Southwest o~ns 97~ of the outstanding stock of Pandick Press

CONTINENTAL INVESTME~~ OTHERS ENJOINED The SEC Fort Worth Regional Offlce announced November 26 (LR-4488) that the Federal court in Phoenix issued an order preliminarily e n j o t n ing v Lo lat i on s of the re g Lst r at ror- and anti-fraud p rov Ls io ns of the Federal securities laws by the f o llow i ng i n the offer and sale of common stock of Continental Investment Corporation and Pan American Industries Inc Continental Invest-ment Corporation an Ar i zona corporation Ni t che lI l1 Hazar and Vern C Ry an of Phoenix Arizona Herman Larsen of Hot SprIngs Arkansas James W Brewer Pedro Jose Torres Velasquez H Michael Coyte and wesley J Moffatt of Miami Florida George K Waki Houston Securities Corporation Paul C Fergusonindividually and dba Paul C Ferguson amp Company Martin J Carrabine and Executive Management EnterprisesInc of Los Angeles CalIf Prudential Investment Corporation of Miami also was enjoined from violatIngthe anti-fraud provisions

KOGER PKOPERTIES PROPOSES OFFERING Koger Pr ope rt i e s Lnc 3uf6 Boulevard Ce nte r ir ive Jac ksonv i lle Fla 32207 filed a registration s t aterner-t F1le 2-35497) with the SEC on Nove rber h sefingt-r eg i sr r at ior-of 350000 shares c11 _ommon s t oc l and 3-)OUU n s t ok p u rc h ase w to urdldse 17)gt00shares c ornno r ront s to be o f fe rod for p ub Lic sale in units e ach c ons rs t i nj of one share and one warrant Also Included in t h i s statement are 2l~00 shares which are to be offered separatelv from the units The offerir~ 1S to be made through Faulkner Dawkins amp Su Ll rvan Securities Inc the o f f e r rng p r i ce (S17gt0 per uniTpound7xaTllUtp~eerJrltlng terms art to be supplied by amendment The c ornpanv has agreed to sell the unde rwr i t er at ~250 per war rant 50000 five-vear warrants to purchase 25000 shares exercisable after one year at 513 ppr share

Organized in April the company is engaged in the ownership and operation of real properties primarIlyoffice centers located within metropolitan urban areas in southeastern and southwestern United States and in the conduct of the general construction business (both for ltself and for others) af office centersoffice b u i ld ings and other commercial buildings Of the net proceeds of its stock sale $2414121 will be used to pay short-term notes incurred for purposes of land purchases and bUlldlng deelopwent $462129 for payment of current accounts payable and $322)00 for payment of a s ho r t e tc rrn obligation incurred in ac q u ir i rgKoger Properties Limited a limited p ar t ne rsh rp the b a lance w i Ll be added to the orrp anv s go r-era l t und s and used for ge ne ra 1 corporate purposes In add it ion to indebtedness the c omp any has out st and i ng lSU 100

cornmon shares of which Ira N Koger p res ident f arm ly members and related trusts 0 487~ Purchasers of the shares being registered will acquire a 35~ stock interest in the company for t he Ir investment of S~125OOO (they will sustain an immediate dilution of $975 in per share book value from the offerin~ prlce)the present shareholders will then own 65 f or which thev paid $1998801 or 5308 per share

STOCK PLANS FILED The following have [led Form S-R registration statements w1th the SEC seekingregistration of securities to be offered under and pursuant to employee stock plans

Allied Artists Pictures Corporation New York 1003~ (File 2-3S470) - ~OOOO shares and Filp 2-3S471)100000 shares

Litton Lno us t r i e s Lnc Be ve r Iv Hills Callf c)713 (Fi Le 2-35473) - 310000 sharesFirst Ch icago Corporation Chicago Ill l17n(F111 2-34CJ4) - 4~7090 shares

OVER

SEC NEWS DIGEST December 3 1 9 6 9 P a g e 2

GORDON JEWELRY FILES OFFERING PROPOSAL Gordon J e w e l r y C o r p o r a t i o n S t e w a r d B u i l d i n g H o u s t o n T e x a s

7 7 0 0 2 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 5 4 8 0 ) w i t h t h e SEC o n November 26 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 s h a r e s o f C l a s s A 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 Goldman S a c h s

amp C o 55 B r o a d S t r e e t New Y o r k New Y o r k T h e o f f e r i n g p r i c e ( $ 3 0 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 b y amendment T h e company o p e r a t e s a r e t a i l j e w e l r y s t o r e c h a i n t h r o u g h 2 3 8 s t o r e s a n d l e a s e d d e p a r t m e n t s i n 2 3 s t a t e s

t h e D i s t r i c t o f C o l u m b i a a n d P u e r t o R i c o 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 e $ 4 7 5 0 0 0 0 w i l l b e u s e d t o r e p a y s h o r t - t e r m b a n k b o r r o w i n g s i n c u r r e d t o f i n a n c e w o r k i n g c a p i t a l r e q u i r e m e n t s a n d $ 2 8 3 0 0 0 f o r t h e i n i t i a l payment i n c o n n e c t i o n w i t h a n a c q u i s i t i o n t h e b a l a n c e w i l l b e a d d e d t o w o r k i n g c a p i t a l 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 2 6 6 7 5 1 2 s h a r e s o f C l a s s A a n d 2 2 3 8 3 6 2 s h a r e s o f C l a s s B s t o c k H a r r y B G o r d o n i s p r e s i d e n t

7 WIGHTS INTERNATIONAL TO SELL STOCK 7 K n i g h t s I n t e r n a t i o n a l I n c 1 2 2 5 West Main S t Norman O k l a 7 3 0 6 9 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 5 4 8 1 ) w i t h t h e SEC o n h o v e m b e r 26 s e e k i n g r e g i s t r a t i o n o f 3 5 0 0 0 0 s h a r e s o f common s t o c k T h e s t o c k i s t o b e o f f e r e d f o r p u b l i c s a l e o n a n a g e n c y b e s t e f f o r t s a l l o r n o n e b a s i s by U n t e r m e y e r amp C a r t o n I n c o f A s b u r y P a r k N J t h e o f f e r i n g p r i c e ( $ 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 b y amendment T h e 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 a t n o m i n a l c o s t 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 3 5 0 0 0 s h a r e s A f i n d e r s f e e o f $ 2 5 0 0 0 i s t o b e p a i d t o Edward G o l l i n

The company was o r g a n i z e d i n J a n u a r y a n d i s e n g a g e d i n t h e d e v e l o p m e n t o f a s y s t e m o f h i g h - q u a l i t y f a m i l y t y p e r e s t a u r a n t s some o f w h i c h w i l l b e o p e r a t e d by t h e company a n d some b y f r a n c h i s e e s t h e y w l l l b e o p e r a t e d u n d e r t h e name o f 7 K n i g h t s 1 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 e t h e company w i l l u s e $ 5 0 0 0 0 0 t o a c q u i r e c o n s t r u c t a n d o p e n c o m p a n y - o p e r a t e d r e s t a u r a n t s and $ 3 0 0 0 0 0 t o p u r c h a s e r e s t a u r a n t l o c a t i o n s f o r r e s a l e $ 3 0 0 0 0 0 w i l l b e u s e d f o r t h e p l r c h a s e a n d l e a s e o f e q u i p m e n t t o f r a n c h i s e e s a n d $ 6 0 0 0 0 f o r t h e d i s c h a r g e o f s h o r t - t e r m o b l i g a t i o n s t h e b a l a n c e w i l l b e u s e d f o r w o r k i n g c a p i t a l a n d o t h e r 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 6 4 3 2 0 0 common s h a r e s ( w i t h a 1 C p e r s h a r e b o o k v a l u e ) o f w h i c h C h a r l e s S c a l l o n p r e s i d e n t a n d C l a r k H e t h e r i n g t o n b o a r d c h a i r m a n own 30 e a c h T h e o u t s t a n d i n g s h a r e s w e r e a c q u i r e d a t a c o s t t o t h e h o l d e r s o f a b o u t 24C p e r s h a r e

NEWHALL LAND amp FARMING TO SELL DEBENTURES T h e N e w h a l l Land a n d F a r m i n g Company 2 7 0 5 0 West S a u g u s amp V e n t u r a R o a d V a l e n c i a C a l i f 9 1 3 5 5 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 5 4 8 2 ) w i t h t h e SEC o n November 2 6 s e e k i n g r e g i s t r a t i o n o f $ 3 5 0 0 0 0 0 0 o f 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 1 9 9 5 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 Dean Witter amp C o I n c 4 5 Yontgomery S t r e e t San F r a n c i s c o C a l i f o r n i a T h e i n t e r e s t r a t e o f f e r i n g p r i c e 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 amendment

T h e company i s e n g a g e d i n t h e a c q u i s i t i o n a n d msnagement o f C a l i f o r n i a l a n d a n d a l l i e d i n t e r e s t s i n c l u d i n g i n t e r e s t s i n g a s a n d o i l o p e r a t i o n s Of t h e n e t p r o c e e d s o f i t s d e b e n t u r e s a l e $ 1 5 0 0 0 0 0 0 w i l l be u s e d i n c o n n e c t i o n w i t h t h e c o m p a n y s p a r t i c i p a t i o n i n a j o i n t v e n t u r e f o r m e d t o c o n s t r u c t a n d o p e r a t e a n amusement r i d e p a r k a t V a l e n c i a $ 1 9 0 0 0 0 0 0 t o f i n a n c e c o n s t r u c t i o n a n d c o m p l e t i o n o f a d d i t i o n a l income- p r o d u c i n g i m p r o v e m e n t s i n c l u d i n g a p a r t m e n t s a n d o f f i c e a n d i n d u s t r i a l b u i l d i n g s a n d t h e b a l a n c e f o r w o r k i n g c a p i t a l The company h a s o u t s t a n d i n g 5 2 4 8 9 9 0 common s h a r e s o f w h i c h W h i t e I n v e s t m e n t Company o f C a l i f o r n i a owns 29 a b o u t 82 o f t h e c o m p a n y s s t o c k a n d a l l o f t h e s t o c k o f W h i t e I n v e s t m e n t i s owned b e n e f i c i a l l y by d e s c e n d a n t s o f H e n r y Mayo N e w h a l l a n d members o f t h e i r f a m i l i e s Thomas L Lowe i s p r e s i d e n t

UNICARE HEALTH SERVICES FILES FOR OFFERING U n i c a r e H e a l t h S e r v i c e s I n c 1 0 5 West M i c h i g a n S t M i l w a u k e e W i s c o n s i n 5 3 2 0 2 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 5 4 8 3 ) w i t h t h e SEC o n November 2 6 s e e k i n g r e g i s t r a t i o n o f $ 4 0 0 0 0 0 0 o f a 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 4 0 0 0 0 0 s h a r e s o f common s t o c k a n d 4 0 0 0 0 0 common s t o c k p u r c h a s e w a r r a n t s T h e s e s e c u r i t i e s a 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 u n i t s e a c h c o n s i s t i n g o f $100 d e b e n t u r e 1 0 s h a r e s a n d 1 0 w a r r a n t s e a c h t o p u r c h a s e o n e s h a r e o f o u t s t a n d i n g common s t o c k T h e 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 h e a d e d by Loewi amp Co I n c 2 2 5 E Mason S t M i l w a u k e e W i s c o n s i n t h e o f f e r i n g p r i c e ( $ 3 5 0 p e r u n i t maximum) a n d u n d e r w r i t i n g terms a r e t o b e s u p p l i e d b y amend men t

T h e company i s e n g a g e d p r i n c i p a l l y i n o w n i n g l e a s i n g a n d o p e r a t i n g h e a l t h c a r e f a c i l i t i e s a n d i n f u r n i s h i n g s e r v i c e s i n t h e h e a l t h c a r e f i e l d Of t h e n e t p r o c e e d s o f t h i s f i n a n c i n g $ 3 4 0 0 0 0 0 w i l l b e used t o c o n c l u d e t h e a c q u i s i t i o n o f c e r t a i n b u s i n e s s e s $ 1 1 0 0 0 0 0 f o r workirtb c a p i t a l f o r 4 n u r s i n g homes u n d e r c o n s t r u c t i o n by a f f i l i a t e s $ 1 1 0 0 0 0 0 f o r m o r t g a g e l o a n s t o a f f i l i a t e s f o r c o n s t r u c t i o n o f 2 o f t h e i r new n u r s i n g h o m e s $ 4 0 0 0 0 0 f o r c o n s t r u c t i o n s i t e a c q u i s i t i o n s a n d w o r k i n g c a p i t a l f o r 2 a d d i t i o n a l r e s t a u r a n t s $ 9 0 0 0 0 0 f o r w o r k i n g c a p i t a l l o a n s t o a f f i l i a t e s p r o p o s e d t o b e a c q u i r e d $ 3 0 0 0 0 0 t o p u r c h a s e c e r t a i n o u t - s t a n d i n g s e c u r i t i e s i s s u e d i n t h e a c q u i s i t i o n o f c e r t a i n b u s i n e s s e s and t h e b a l a n c e f o r t h e r e t i r e m e n t o f b a n k s l o a n s i n c u r r e 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 a n d f o r 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 5 6 0 1 7 7 4 common s h a r e s o f w h i c h J o s e p h J Z i l b e r p r e s i d e n t owns 3 9 3 a n d management o f f i c i a l s a s a g r o u p 65 4X

MGIC IhVESTMENT TO SELL DELBENTURES MGlC I n v e s t m e n t C o r p o r a t i o n 1 1 1 1 E a s t amp W i s c o n s i n A v e n u e M i l w a u k e e W i s c o n s i n 5 3 2 0 1 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 5 4 8 4 ) w i t h t h e SEC o n November 2 6 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 0 o f 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 1 9 8 9 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 Goldman S a c h s amp C o 5 5 B r o a d S t r e e t New Y o r k hew York a n d R o b e r t W B a i r d amp C o l n c 731 h o r t h W a t e r S t r e e t M i l w a u k e e W i s c o n s i n T h e i n t e r e s t r a t e o f f e r i n g p r i c e 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 amendment

T h e company i s a h o l d i n g company w h i c h t h r o u g h s u b s i d i a r i e s i s e n g a g e d p r i r ~ r a r i l y i n t h e f i n a n c i a l g u a r a n t e e b u s i n e s s ( i n s u r i n g l e n d e r s a n d l e s s o r s a g a i n s t c r e d i t a n d r e n t a l l o s s e s ) i t a l s o e n g a g e s i n r e a l e s t a t e f i n a n c i n g P a r t o f t h e n e t p r o c e e d s o f i t s d e b e n t u r e s a l e w i l l b e i n v e s t e d i n t h e r e a l e s t a t e f i n a n c i n g s u b s i d i a r y ( t h e l a t t e r w i l l u s e t h e p r o c e e d s i n p a r t t o p u r c h a s e e x i s t i n g c o n s t r u c t i o n and d e v e l o p - ment f i r s t m o r t g a g e l o a n s f r o m t h e p a r e n t ) t h e r e m a i n i n g $ 3 0 0 0 0 0 0 w i l l b e u s e d t o r e p a y s h o r t - t e r m

SEC NEWS DIGEST December 3 1969 Page 3

borrowings incurred to make a contribution to the capital of a Subsldiary in connectlon with lts proposedentry lnto the business of offering liability insurance to officers and directors of flnancial institutlons The company has outstanding 5977577 common shares of which management officials own 4 Henry A Bubb 1S board chairman and Max H Karl president

BUILDING amp LAND TECH TO SELL STOCK Bulldlng and Land Technology CorporatlOn 2440 H1ghway 9 Howell TownshlP NJ 07727 flIed a reglstratlon statement (F1le 2-35485) w1th the SEC on ~ovember 26 seek1ngreglstratlon of 110000 shares of common stock to be offered for publlc sale at $650 per share The offerlng1S to be made through I George Weston amp Sons of 648 Ocean Avenue Long Branch ~J and Blshop FogelsonInc of 40 Wall St ~ew York ~Y whch w1ll recelve a commlSSlon of $585 per share plus $22500 for expenses The underwrlters also will be entltled to purchase for $110 five-year warrants for the purchaseof 11000 shares exercisable lnitlally (after one year) at $715 per share

The company was organized i n August pri rnarIly to acquire un improved land for resale to bu i lders andothers lt also conducts a general real estate brokerage bUSlness Of the net proceeds of ltS stock sale$150000 will be used in connection wlth the constructlon ot1multl-family residentlal communlty in OceanClty NJ and the balance for other and related purposes (includlng $155171 for the exerClse of eXlstlngoptlons and to close an outstandlng contract) The company has outstandlng 533000 common shares (wlth a68cent per share book value) of whlch ~athan J Mliler presldent owns 44 and management offlclals as agroup 100 Purchasers of the shares being reglstered Wlll acquire a 17 stock interest ln the compan) fortbei r i nve stm ent of $715000 presen t stockholders w i lI then own 83 for wh i cn the company receaved$363004 ln cash or ln book value of assets transferred to the company

AUTOMATED CONCEPTS FILES OFFERING PROPOSAL Automated Concepts Irc 477 Madlson Avenue ~ew York ~ flIed a reglstratlon statement (Flle 2-35486) wlth the SEC on November 26 seeklng reglstratlon of 125000shares of common stock to be offered for publlC sale at $4 per share The offerlng 1S to be made throughunderwrlters headed by Arnold W11kens amp Co Inc 50 Broadway New York ~Y WhiCh Will receive a 40c per share comrm ssi on plus $15000 for expenses The Arnold f i rm also w111 be erti t led to purchase for $125(f1ve-year warrants for the purchase of 1~500 shares exerclsable after one year at from $428 to $512 pershare

The company prov i des computer consu lt rng systems ana ly si s and prog ramnu ng servi ces pr i nc i pa lIy for ~anagement lnfor~atlon and other bus1ness and sClent1flc purposes Of the net proceeds of ItS stock sele~150OOO w iLl be used to establish reg i ona I of f i ce s i n Washington DC and Boston Hass the balance w i lI be used for the repayment of bo rrow i ng s for wo rk i ng cap i ta l and other corporate purposes The companyhas outstand1ng 1125000 common shares (wlth an llcent per share book value) of whlch Frederlck B Harrls presi d en t and board cha arma n owns 60~ and Mlchael J~ ~othb~rt exe cu t rve v i ce presrden t 40~o Purchasers of the shares be i ng rag i st ered will acqu i re a 10 stock~netFt~ company for th e i r i nve st men t of $500000 (the~wlll sustaln an lmmedlate dllutlon of $361 ln per share book value from the offerlng prlCe) present stoc-holders w i ll then own 90 for wh i ch they pa i d $3000 i n cash

OCEAN DYI-AMICSFILES OFFERIlG PROPOSAL Ocean Dynarm cs Co rpo rat i on Po i nt t Er i e St Camden lJ 0810flIed a reglstratlon statement (Flle 2-35487) wIth the SEC o~ November 26 see~lng reglstratlon of l75OuOshares of common stock of Which 160000 are to be offered for public sale by the company and 1500(1 Cbe rn] out stand i ng shares) by the present holder thereat No unde rwr i t i ng i s i nvo Lved the of f e ri ng pnce ($4 per share rnaximum=) i s to be supplied by amendment

The company pri ma ri ly engaged rn exp lor i ng for offshore rm nera l oepo s i t s It also has cevelopec cert a i ni s products wh i ch 1t se11s to off shore ard ustr i es and prov i de s undersea geophys i ca I survey wo rk and 0 ther consu Lt i ng serv i ces The net proceeds of i t s StOL sale w i lI be used for exp lora t aor ($l2 0(0) and otner corporate purposes lncludlng work1ng capital The company has outstandlng 760000 co~mon shares (wlth a book value of $096 per share) of whlch Eillot Rhlan presldent and two others ow~ 237~ each Rh1an proposes to sell 15000 of 180000 shares held Purchasers of the 160000 new shares belng reglstered wlll acqut re a 174 stock i nte rest rn the company (they w i Ll sus ta i n an ammed ia t e d rlu t i on of $3268 i n per share book value) other stockholders wlll then own 826~

GEtERAL TELElHOI-EOF ~W TO SELL BONDS General Telephone Company of the tort hwe st Inc 1800 Fo rt y raquo

Flrst St Everett Washlngton 98201 flIed a reglstration statement (Flle 2-35488) WIth the SEC on loverobEr26 seek i ng reg i st ret i or of $25000000 of f i rst mortgage bonds Se ri es S due 2000 to be offered for pub Li c sale at competlt1ve blddlng A telephone utlilty subsldlary of General Telephone ~ Electron1cs Corporatlonthe company wlll apply the net proceeds of Its bond sale toward the payment of short term loans obtalnec fer the purpose of flnanclng the companys constructlon program

~EW YORKER HOMES FILES FOR OFFERING AND SECO~DARY lew Yorker Homes Corp 701 Coillns Road ElhartIndlana 46514 flIed a reglstratlon statement (Flle 2-35489) WIth the SEC on ~ovember 26 seeklng reg1stratIo~of 250000 shares of common stock of wh i ch 50000 shares are to be offered for pub li c sale b~ the cornpany -~ 200000 (beIng outstand1ng shares) by the present holders thereof The offerlng lS to be ~ade thr0ug~underwr i ters headed by GA Saxton amp Co Inc 52 Wall Street ~ew York tew York the offenng pr~ce1$7 per share max i mum= ) and und erw ri t i ng terms are to be supp Li ed by amendment The se llrng st ocxucld e rs LlsC have agreed to sell the Saxton f i rm 20000 shares at the offenng p ri ce of WhICh 50ltIS pay ab Le If ca sh erc

the balance ln flve-year promlssory notes The company manufactures and sells moblle homes The net proceeds of ItS sale of addltlonal St0~ 111

be used for constructlon and related purposes for repayment of bank loans and for worklng cap1tal The company has ou t stand i ng 570000 common shares (w i th a 70cent per share book value) of wh i ch Donald E (astellepresldent owns 50 17 and two other of f i c i a Ls 2316 each Castello proposes to sell 182000 of 1tQOL

shares held and the other two off1c~als 48000 shares each Purchasers of the shares be~ng reglstered wlil acqu~re a 40 stock lnterest ln the company for thelr ~nvestment of $1750000 prlnclpal stockhclaers ~lll then own 56 for WhlCh they pald about $33800 or 10cent per share

SEC NEWS DIGEST December 3 1 9 6 9 P a g e 2

GORDON JEWELRY FILES OFFERING PROPOSAL Gordon J e w e l r y C o r p o r a t i o n S t e w a r d B u i l d i n g H o u s t o n T e x a s

7 7 0 0 2 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 5 4 8 0 ) w i t h t h e SEC o n November 26 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 s h a r e s o f C l a s s A 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 Goldman S a c h s

amp C o 55 B r o a d S t r e e t New Y o r k New Y o r k T h e o f f e r i n g p r i c e ( $ 3 0 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 b y amendment T h e company o p e r a t e s a r e t a i l j e w e l r y s t o r e c h a i n t h r o u g h 2 3 8 s t o r e s a n d l e a s e d d e p a r t m e n t s i n 2 3 s t a t e s

t h e D i s t r i c t o f C o l u m b i a a n d P u e r t o R i c o 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 e $ 4 7 5 0 0 0 0 w i l l b e u s e d t o r e p a y s h o r t - t e r m b a n k b o r r o w i n g s i n c u r r e d t o f i n a n c e w o r k i n g c a p i t a l r e q u i r e m e n t s a n d $ 2 8 3 0 0 0 f o r t h e i n i t i a l payment i n c o n n e c t i o n w i t h a n a c q u i s i t i o n t h e b a l a n c e w i l l b e a d d e d t o w o r k i n g c a p i t a l 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 2 6 6 7 5 1 2 s h a r e s o f C l a s s A a n d 2 2 3 8 3 6 2 s h a r e s o f C l a s s B s t o c k H a r r y B G o r d o n i s p r e s i d e n t

7 WIGHTS INTERNATIONAL TO SELL STOCK 7 K n i g h t s I n t e r n a t i o n a l I n c 1 2 2 5 West Main S t Norman O k l a 7 3 0 6 9 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 5 4 8 1 ) w i t h t h e SEC o n h o v e m b e r 26 s e e k i n g r e g i s t r a t i o n o f 3 5 0 0 0 0 s h a r e s o f common s t o c k T h e s t o c k i s t o b e o f f e r e d f o r p u b l i c s a l e o n a n a g e n c y b e s t e f f o r t s a l l o r n o n e b a s i s by U n t e r m e y e r amp C a r t o n I n c o f A s b u r y P a r k N J t h e o f f e r i n g p r i c e ( $ 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 b y amendment T h e 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 a t n o m i n a l c o s t 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 3 5 0 0 0 s h a r e s A f i n d e r s f e e o f $ 2 5 0 0 0 i s t o b e p a i d t o Edward G o l l i n

The company was o r g a n i z e d i n J a n u a r y a n d i s e n g a g e d i n t h e d e v e l o p m e n t o f a s y s t e m o f h i g h - q u a l i t y f a m i l y t y p e r e s t a u r a n t s some o f w h i c h w i l l b e o p e r a t e d by t h e company a n d some b y f r a n c h i s e e s t h e y w l l l b e o p e r a t e d u n d e r t h e name o f 7 K n i g h t s 1 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 e t h e company w i l l u s e $ 5 0 0 0 0 0 t o a c q u i r e c o n s t r u c t a n d o p e n c o m p a n y - o p e r a t e d r e s t a u r a n t s and $ 3 0 0 0 0 0 t o p u r c h a s e r e s t a u r a n t l o c a t i o n s f o r r e s a l e $ 3 0 0 0 0 0 w i l l b e u s e d f o r t h e p l r c h a s e a n d l e a s e o f e q u i p m e n t t o f r a n c h i s e e s a n d $ 6 0 0 0 0 f o r t h e d i s c h a r g e o f s h o r t - t e r m o b l i g a t i o n s t h e b a l a n c e w i l l b e u s e d f o r w o r k i n g c a p i t a l a n d o t h e r 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 6 4 3 2 0 0 common s h a r e s ( w i t h a 1 C p e r s h a r e b o o k v a l u e ) o f w h i c h C h a r l e s S c a l l o n p r e s i d e n t a n d C l a r k H e t h e r i n g t o n b o a r d c h a i r m a n own 30 e a c h T h e o u t s t a n d i n g s h a r e s w e r e a c q u i r e d a t a c o s t t o t h e h o l d e r s o f a b o u t 24C p e r s h a r e

NEWHALL LAND amp FARMING TO SELL DEBENTURES T h e N e w h a l l Land a n d F a r m i n g Company 2 7 0 5 0 West S a u g u s amp V e n t u r a R o a d V a l e n c i a C a l i f 9 1 3 5 5 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 5 4 8 2 ) w i t h t h e SEC o n November 2 6 s e e k i n g r e g i s t r a t i o n o f $ 3 5 0 0 0 0 0 0 o f 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 1 9 9 5 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 Dean Witter amp C o I n c 4 5 Yontgomery S t r e e t San F r a n c i s c o C a l i f o r n i a T h e i n t e r e s t r a t e o f f e r i n g p r i c e 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 amendment

T h e company i s e n g a g e d i n t h e a c q u i s i t i o n a n d msnagement o f C a l i f o r n i a l a n d a n d a l l i e d i n t e r e s t s i n c l u d i n g i n t e r e s t s i n g a s a n d o i l o p e r a t i o n s Of t h e n e t p r o c e e d s o f i t s d e b e n t u r e s a l e $ 1 5 0 0 0 0 0 0 w i l l be u s e d i n c o n n e c t i o n w i t h t h e c o m p a n y s p a r t i c i p a t i o n i n a j o i n t v e n t u r e f o r m e d t o c o n s t r u c t a n d o p e r a t e a n amusement r i d e p a r k a t V a l e n c i a $ 1 9 0 0 0 0 0 0 t o f i n a n c e c o n s t r u c t i o n a n d c o m p l e t i o n o f a d d i t i o n a l income- p r o d u c i n g i m p r o v e m e n t s i n c l u d i n g a p a r t m e n t s a n d o f f i c e a n d i n d u s t r i a l b u i l d i n g s a n d t h e b a l a n c e f o r w o r k i n g c a p i t a l The company h a s o u t s t a n d i n g 5 2 4 8 9 9 0 common s h a r e s o f w h i c h W h i t e I n v e s t m e n t Company o f C a l i f o r n i a owns 29 a b o u t 82 o f t h e c o m p a n y s s t o c k a n d a l l o f t h e s t o c k o f W h i t e I n v e s t m e n t i s owned b e n e f i c i a l l y by d e s c e n d a n t s o f H e n r y Mayo N e w h a l l a n d members o f t h e i r f a m i l i e s Thomas L Lowe i s p r e s i d e n t

UNICARE HEALTH SERVICES FILES FOR OFFERING U n i c a r e H e a l t h S e r v i c e s I n c 1 0 5 West M i c h i g a n S t M i l w a u k e e W i s c o n s i n 5 3 2 0 2 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 5 4 8 3 ) w i t h t h e SEC o n November 2 6 s e e k i n g r e g i s t r a t i o n o f $ 4 0 0 0 0 0 0 o f a 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 4 0 0 0 0 0 s h a r e s o f common s t o c k a n d 4 0 0 0 0 0 common s t o c k p u r c h a s e w a r r a n t s T h e s e s e c u r i t i e s a 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 u n i t s e a c h c o n s i s t i n g o f $100 d e b e n t u r e 1 0 s h a r e s a n d 1 0 w a r r a n t s e a c h t o p u r c h a s e o n e s h a r e o f o u t s t a n d i n g common s t o c k T h e 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 h e a d e d by Loewi amp Co I n c 2 2 5 E Mason S t M i l w a u k e e W i s c o n s i n t h e o f f e r i n g p r i c e ( $ 3 5 0 p e r u n i t maximum) a n d u n d e r w r i t i n g terms a r e t o b e s u p p l i e d b y amend men t

T h e company i s e n g a g e d p r i n c i p a l l y i n o w n i n g l e a s i n g a n d o p e r a t i n g h e a l t h c a r e f a c i l i t i e s a n d i n f u r n i s h i n g s e r v i c e s i n t h e h e a l t h c a r e f i e l d Of t h e n e t p r o c e e d s o f t h i s f i n a n c i n g $ 3 4 0 0 0 0 0 w i l l b e used t o c o n c l u d e t h e a c q u i s i t i o n o f c e r t a i n b u s i n e s s e s $ 1 1 0 0 0 0 0 f o r workirtb c a p i t a l f o r 4 n u r s i n g homes u n d e r c o n s t r u c t i o n by a f f i l i a t e s $ 1 1 0 0 0 0 0 f o r m o r t g a g e l o a n s t o a f f i l i a t e s f o r c o n s t r u c t i o n o f 2 o f t h e i r new n u r s i n g h o m e s $ 4 0 0 0 0 0 f o r c o n s t r u c t i o n s i t e a c q u i s i t i o n s a n d w o r k i n g c a p i t a l f o r 2 a d d i t i o n a l r e s t a u r a n t s $ 9 0 0 0 0 0 f o r w o r k i n g c a p i t a l l o a n s t o a f f i l i a t e s p r o p o s e d t o b e a c q u i r e d $ 3 0 0 0 0 0 t o p u r c h a s e c e r t a i n o u t - s t a n d i n g s e c u r i t i e s i s s u e d i n t h e a c q u i s i t i o n o f c e r t a i n b u s i n e s s e s and t h e b a l a n c e f o r t h e r e t i r e m e n t o f b a n k s l o a n s i n c u r r e 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 a n d f o r 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 5 6 0 1 7 7 4 common s h a r e s o f w h i c h J o s e p h J Z i l b e r p r e s i d e n t owns 3 9 3 a n d management o f f i c i a l s a s a g r o u p 65 4X

MGIC IhVESTMENT TO SELL DELBENTURES MGlC I n v e s t m e n t C o r p o r a t i o n 1 1 1 1 E a s t amp W i s c o n s i n A v e n u e M i l w a u k e e W i s c o n s i n 5 3 2 0 1 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 5 4 8 4 ) w i t h t h e SEC o n November 2 6 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 0 o f 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 1 9 8 9 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 Goldman S a c h s amp C o 5 5 B r o a d S t r e e t New Y o r k hew York a n d R o b e r t W B a i r d amp C o l n c 731 h o r t h W a t e r S t r e e t M i l w a u k e e W i s c o n s i n T h e i n t e r e s t r a t e o f f e r i n g p r i c e 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 amendment

T h e company i s a h o l d i n g company w h i c h t h r o u g h s u b s i d i a r i e s i s e n g a g e d p r i r ~ r a r i l y i n t h e f i n a n c i a l g u a r a n t e e b u s i n e s s ( i n s u r i n g l e n d e r s a n d l e s s o r s a g a i n s t c r e d i t a n d r e n t a l l o s s e s ) i t a l s o e n g a g e s i n r e a l e s t a t e f i n a n c i n g P a r t o f t h e n e t p r o c e e d s o f i t s d e b e n t u r e s a l e w i l l b e i n v e s t e d i n t h e r e a l e s t a t e f i n a n c i n g s u b s i d i a r y ( t h e l a t t e r w i l l u s e t h e p r o c e e d s i n p a r t t o p u r c h a s e e x i s t i n g c o n s t r u c t i o n and d e v e l o p - ment f i r s t m o r t g a g e l o a n s f r o m t h e p a r e n t ) t h e r e m a i n i n g $ 3 0 0 0 0 0 0 w i l l b e u s e d t o r e p a y s h o r t - t e r m

SEC NEWS DIGEST December 3 1969 Page 3

borrowings incurred to make a contribution to the capital of a Subsldiary in connectlon with lts proposedentry lnto the business of offering liability insurance to officers and directors of flnancial institutlons The company has outstanding 5977577 common shares of which management officials own 4 Henry A Bubb 1S board chairman and Max H Karl president

BUILDING amp LAND TECH TO SELL STOCK Bulldlng and Land Technology CorporatlOn 2440 H1ghway 9 Howell TownshlP NJ 07727 flIed a reglstratlon statement (F1le 2-35485) w1th the SEC on ~ovember 26 seek1ngreglstratlon of 110000 shares of common stock to be offered for publlc sale at $650 per share The offerlng1S to be made through I George Weston amp Sons of 648 Ocean Avenue Long Branch ~J and Blshop FogelsonInc of 40 Wall St ~ew York ~Y whch w1ll recelve a commlSSlon of $585 per share plus $22500 for expenses The underwrlters also will be entltled to purchase for $110 five-year warrants for the purchaseof 11000 shares exercisable lnitlally (after one year) at $715 per share

The company was organized i n August pri rnarIly to acquire un improved land for resale to bu i lders andothers lt also conducts a general real estate brokerage bUSlness Of the net proceeds of ltS stock sale$150000 will be used in connection wlth the constructlon ot1multl-family residentlal communlty in OceanClty NJ and the balance for other and related purposes (includlng $155171 for the exerClse of eXlstlngoptlons and to close an outstandlng contract) The company has outstandlng 533000 common shares (wlth a68cent per share book value) of whlch ~athan J Mliler presldent owns 44 and management offlclals as agroup 100 Purchasers of the shares being reglstered Wlll acquire a 17 stock interest ln the compan) fortbei r i nve stm ent of $715000 presen t stockholders w i lI then own 83 for wh i cn the company receaved$363004 ln cash or ln book value of assets transferred to the company

AUTOMATED CONCEPTS FILES OFFERING PROPOSAL Automated Concepts Irc 477 Madlson Avenue ~ew York ~ flIed a reglstratlon statement (Flle 2-35486) wlth the SEC on November 26 seeklng reglstratlon of 125000shares of common stock to be offered for publlC sale at $4 per share The offerlng 1S to be made throughunderwrlters headed by Arnold W11kens amp Co Inc 50 Broadway New York ~Y WhiCh Will receive a 40c per share comrm ssi on plus $15000 for expenses The Arnold f i rm also w111 be erti t led to purchase for $125(f1ve-year warrants for the purchase of 1~500 shares exerclsable after one year at from $428 to $512 pershare

The company prov i des computer consu lt rng systems ana ly si s and prog ramnu ng servi ces pr i nc i pa lIy for ~anagement lnfor~atlon and other bus1ness and sClent1flc purposes Of the net proceeds of ItS stock sele~150OOO w iLl be used to establish reg i ona I of f i ce s i n Washington DC and Boston Hass the balance w i lI be used for the repayment of bo rrow i ng s for wo rk i ng cap i ta l and other corporate purposes The companyhas outstand1ng 1125000 common shares (wlth an llcent per share book value) of whlch Frederlck B Harrls presi d en t and board cha arma n owns 60~ and Mlchael J~ ~othb~rt exe cu t rve v i ce presrden t 40~o Purchasers of the shares be i ng rag i st ered will acqu i re a 10 stock~netFt~ company for th e i r i nve st men t of $500000 (the~wlll sustaln an lmmedlate dllutlon of $361 ln per share book value from the offerlng prlCe) present stoc-holders w i ll then own 90 for wh i ch they pa i d $3000 i n cash

OCEAN DYI-AMICSFILES OFFERIlG PROPOSAL Ocean Dynarm cs Co rpo rat i on Po i nt t Er i e St Camden lJ 0810flIed a reglstratlon statement (Flle 2-35487) wIth the SEC o~ November 26 see~lng reglstratlon of l75OuOshares of common stock of Which 160000 are to be offered for public sale by the company and 1500(1 Cbe rn] out stand i ng shares) by the present holder thereat No unde rwr i t i ng i s i nvo Lved the of f e ri ng pnce ($4 per share rnaximum=) i s to be supplied by amendment

The company pri ma ri ly engaged rn exp lor i ng for offshore rm nera l oepo s i t s It also has cevelopec cert a i ni s products wh i ch 1t se11s to off shore ard ustr i es and prov i de s undersea geophys i ca I survey wo rk and 0 ther consu Lt i ng serv i ces The net proceeds of i t s StOL sale w i lI be used for exp lora t aor ($l2 0(0) and otner corporate purposes lncludlng work1ng capital The company has outstandlng 760000 co~mon shares (wlth a book value of $096 per share) of whlch Eillot Rhlan presldent and two others ow~ 237~ each Rh1an proposes to sell 15000 of 180000 shares held Purchasers of the 160000 new shares belng reglstered wlll acqut re a 174 stock i nte rest rn the company (they w i Ll sus ta i n an ammed ia t e d rlu t i on of $3268 i n per share book value) other stockholders wlll then own 826~

GEtERAL TELElHOI-EOF ~W TO SELL BONDS General Telephone Company of the tort hwe st Inc 1800 Fo rt y raquo

Flrst St Everett Washlngton 98201 flIed a reglstration statement (Flle 2-35488) WIth the SEC on loverobEr26 seek i ng reg i st ret i or of $25000000 of f i rst mortgage bonds Se ri es S due 2000 to be offered for pub Li c sale at competlt1ve blddlng A telephone utlilty subsldlary of General Telephone ~ Electron1cs Corporatlonthe company wlll apply the net proceeds of Its bond sale toward the payment of short term loans obtalnec fer the purpose of flnanclng the companys constructlon program

~EW YORKER HOMES FILES FOR OFFERING AND SECO~DARY lew Yorker Homes Corp 701 Coillns Road ElhartIndlana 46514 flIed a reglstratlon statement (Flle 2-35489) WIth the SEC on ~ovember 26 seeklng reg1stratIo~of 250000 shares of common stock of wh i ch 50000 shares are to be offered for pub li c sale b~ the cornpany -~ 200000 (beIng outstand1ng shares) by the present holders thereof The offerlng lS to be ~ade thr0ug~underwr i ters headed by GA Saxton amp Co Inc 52 Wall Street ~ew York tew York the offenng pr~ce1$7 per share max i mum= ) and und erw ri t i ng terms are to be supp Li ed by amendment The se llrng st ocxucld e rs LlsC have agreed to sell the Saxton f i rm 20000 shares at the offenng p ri ce of WhICh 50ltIS pay ab Le If ca sh erc

the balance ln flve-year promlssory notes The company manufactures and sells moblle homes The net proceeds of ItS sale of addltlonal St0~ 111

be used for constructlon and related purposes for repayment of bank loans and for worklng cap1tal The company has ou t stand i ng 570000 common shares (w i th a 70cent per share book value) of wh i ch Donald E (astellepresldent owns 50 17 and two other of f i c i a Ls 2316 each Castello proposes to sell 182000 of 1tQOL

shares held and the other two off1c~als 48000 shares each Purchasers of the shares be~ng reglstered wlil acqu~re a 40 stock lnterest ln the company for thelr ~nvestment of $1750000 prlnclpal stockhclaers ~lll then own 56 for WhlCh they pald about $33800 or 10cent per share

SEC NEWS DIGEST December 3 1969 Page 3

borrowings incurred to make a contribution to the capital of a Subsldiary in connectlon with lts proposedentry lnto the business of offering liability insurance to officers and directors of flnancial institutlons The company has outstanding 5977577 common shares of which management officials own 4 Henry A Bubb 1S board chairman and Max H Karl president

BUILDING amp LAND TECH TO SELL STOCK Bulldlng and Land Technology CorporatlOn 2440 H1ghway 9 Howell TownshlP NJ 07727 flIed a reglstratlon statement (F1le 2-35485) w1th the SEC on ~ovember 26 seek1ngreglstratlon of 110000 shares of common stock to be offered for publlc sale at $650 per share The offerlng1S to be made through I George Weston amp Sons of 648 Ocean Avenue Long Branch ~J and Blshop FogelsonInc of 40 Wall St ~ew York ~Y whch w1ll recelve a commlSSlon of $585 per share plus $22500 for expenses The underwrlters also will be entltled to purchase for $110 five-year warrants for the purchaseof 11000 shares exercisable lnitlally (after one year) at $715 per share

The company was organized i n August pri rnarIly to acquire un improved land for resale to bu i lders andothers lt also conducts a general real estate brokerage bUSlness Of the net proceeds of ltS stock sale$150000 will be used in connection wlth the constructlon ot1multl-family residentlal communlty in OceanClty NJ and the balance for other and related purposes (includlng $155171 for the exerClse of eXlstlngoptlons and to close an outstandlng contract) The company has outstandlng 533000 common shares (wlth a68cent per share book value) of whlch ~athan J Mliler presldent owns 44 and management offlclals as agroup 100 Purchasers of the shares being reglstered Wlll acquire a 17 stock interest ln the compan) fortbei r i nve stm ent of $715000 presen t stockholders w i lI then own 83 for wh i cn the company receaved$363004 ln cash or ln book value of assets transferred to the company

AUTOMATED CONCEPTS FILES OFFERING PROPOSAL Automated Concepts Irc 477 Madlson Avenue ~ew York ~ flIed a reglstratlon statement (Flle 2-35486) wlth the SEC on November 26 seeklng reglstratlon of 125000shares of common stock to be offered for publlC sale at $4 per share The offerlng 1S to be made throughunderwrlters headed by Arnold W11kens amp Co Inc 50 Broadway New York ~Y WhiCh Will receive a 40c per share comrm ssi on plus $15000 for expenses The Arnold f i rm also w111 be erti t led to purchase for $125(f1ve-year warrants for the purchase of 1~500 shares exerclsable after one year at from $428 to $512 pershare

The company prov i des computer consu lt rng systems ana ly si s and prog ramnu ng servi ces pr i nc i pa lIy for ~anagement lnfor~atlon and other bus1ness and sClent1flc purposes Of the net proceeds of ItS stock sele~150OOO w iLl be used to establish reg i ona I of f i ce s i n Washington DC and Boston Hass the balance w i lI be used for the repayment of bo rrow i ng s for wo rk i ng cap i ta l and other corporate purposes The companyhas outstand1ng 1125000 common shares (wlth an llcent per share book value) of whlch Frederlck B Harrls presi d en t and board cha arma n owns 60~ and Mlchael J~ ~othb~rt exe cu t rve v i ce presrden t 40~o Purchasers of the shares be i ng rag i st ered will acqu i re a 10 stock~netFt~ company for th e i r i nve st men t of $500000 (the~wlll sustaln an lmmedlate dllutlon of $361 ln per share book value from the offerlng prlCe) present stoc-holders w i ll then own 90 for wh i ch they pa i d $3000 i n cash

OCEAN DYI-AMICSFILES OFFERIlG PROPOSAL Ocean Dynarm cs Co rpo rat i on Po i nt t Er i e St Camden lJ 0810flIed a reglstratlon statement (Flle 2-35487) wIth the SEC o~ November 26 see~lng reglstratlon of l75OuOshares of common stock of Which 160000 are to be offered for public sale by the company and 1500(1 Cbe rn] out stand i ng shares) by the present holder thereat No unde rwr i t i ng i s i nvo Lved the of f e ri ng pnce ($4 per share rnaximum=) i s to be supplied by amendment

The company pri ma ri ly engaged rn exp lor i ng for offshore rm nera l oepo s i t s It also has cevelopec cert a i ni s products wh i ch 1t se11s to off shore ard ustr i es and prov i de s undersea geophys i ca I survey wo rk and 0 ther consu Lt i ng serv i ces The net proceeds of i t s StOL sale w i lI be used for exp lora t aor ($l2 0(0) and otner corporate purposes lncludlng work1ng capital The company has outstandlng 760000 co~mon shares (wlth a book value of $096 per share) of whlch Eillot Rhlan presldent and two others ow~ 237~ each Rh1an proposes to sell 15000 of 180000 shares held Purchasers of the 160000 new shares belng reglstered wlll acqut re a 174 stock i nte rest rn the company (they w i Ll sus ta i n an ammed ia t e d rlu t i on of $3268 i n per share book value) other stockholders wlll then own 826~

GEtERAL TELElHOI-EOF ~W TO SELL BONDS General Telephone Company of the tort hwe st Inc 1800 Fo rt y raquo

Flrst St Everett Washlngton 98201 flIed a reglstration statement (Flle 2-35488) WIth the SEC on loverobEr26 seek i ng reg i st ret i or of $25000000 of f i rst mortgage bonds Se ri es S due 2000 to be offered for pub Li c sale at competlt1ve blddlng A telephone utlilty subsldlary of General Telephone ~ Electron1cs Corporatlonthe company wlll apply the net proceeds of Its bond sale toward the payment of short term loans obtalnec fer the purpose of flnanclng the companys constructlon program

~EW YORKER HOMES FILES FOR OFFERING AND SECO~DARY lew Yorker Homes Corp 701 Coillns Road ElhartIndlana 46514 flIed a reglstratlon statement (Flle 2-35489) WIth the SEC on ~ovember 26 seeklng reg1stratIo~of 250000 shares of common stock of wh i ch 50000 shares are to be offered for pub li c sale b~ the cornpany -~ 200000 (beIng outstand1ng shares) by the present holders thereof The offerlng lS to be ~ade thr0ug~underwr i ters headed by GA Saxton amp Co Inc 52 Wall Street ~ew York tew York the offenng pr~ce1$7 per share max i mum= ) and und erw ri t i ng terms are to be supp Li ed by amendment The se llrng st ocxucld e rs LlsC have agreed to sell the Saxton f i rm 20000 shares at the offenng p ri ce of WhICh 50ltIS pay ab Le If ca sh erc

the balance ln flve-year promlssory notes The company manufactures and sells moblle homes The net proceeds of ItS sale of addltlonal St0~ 111

be used for constructlon and related purposes for repayment of bank loans and for worklng cap1tal The company has ou t stand i ng 570000 common shares (w i th a 70cent per share book value) of wh i ch Donald E (astellepresldent owns 50 17 and two other of f i c i a Ls 2316 each Castello proposes to sell 182000 of 1tQOL

shares held and the other two off1c~als 48000 shares each Purchasers of the shares be~ng reglstered wlil acqu~re a 40 stock lnterest ln the company for thelr ~nvestment of $1750000 prlnclpal stockhclaers ~lll then own 56 for WhlCh they pald about $33800 or 10cent per share

SEC NEWS DIGEST December 3 1969

COMSONIC FILES OFFERING PROPOSAL The Comlsonic C o r p o r a t i o n 132 West 3 1 s t S t r e e t New York New York

10001 f i l e d a r e g i s t r a t i o n stdtrdment ( F i l e 2-35490) w i t h t h e SEC on November 26 s e e k i n g r e g i s t r a t i o n of 400000 sher of common s t o c k and 200 000 common s t o c ~ p u r c h a s e w a r r a n t s The s e c u r i t i e s a 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 a n i t s e a c h c o n s i s t i n g o f two s h a r e s and o n e w a r r a n t lo u n d e m r i t i n g i s i n v o l v e d t h e

o f f e r i n g p r i c e ( $ 1 5 p e r u n i t maximum) i s t o b e s u p p l i e d by amendment O r g a n i z e d i n Sep tember 1968 t h e company o f f e r s v a r i o u s p r o d u c t s and s e r v i c e s t o u s e r s of o n - l l n e computer

s y s t e m s i t p r o p o s e s t o o f f e r o n - l i n e compute r s y s t e m s and r e l a t e d equipment f o r i n s t a l l m e n t s a l e o r l e a s e Ne 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 b e used f o r t h e payment o f o u t s t a n d i n g l o a n s and o t h e r c u r r e n t o b l i g a t i o n (owed i n p a r t t o S t r a t e g i c S y s t e m s I n c i t s p a r e n t ) f o r t h e e s t a b l i s h m e n t of a d d i t i o n a l f a c i l i t i e s f o r ha rdware and s o f t w a r e d e s i g n m o d i f i c a t i o n s and a d d i t i o n s t o i t s Comdac-8 f o r t h e deve lopmen t o f a low-cost compute r sys t em p r o t o t y p e and a l o w - c o s t telecommunication^ t e r m i n a l p r o t o t y p e and f o r o t h e r 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 4 1 1 9 0 0 common s h a r e s ( w i t h a book v a l u e d e f i c i t o f 4C p e r s h a r e ) o f which S t r a t e g i c Systems owns 28 3x A D a l e Mayo p r e s i d e n t and board c h a i r m a n 2 7 3 2 and management o f f i c i a l s a s a g r o u p 531 P u r c h a s e r s o i 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 221 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 m e n t of $3000000 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 7 9 2 f o r which they p a i d $349 000 o r 25C p e r s h a r e

PRECISION COMPUTER TO SELL STOCK P r e c i s i o n Computer C o r p o r a t i o n 1357 Monroe Avenue R o c h e s t e r 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 2-35491) w i t h t h e SEC on November 25 s e e k i n g r e g i s t r a t i o n of 650 000 s h a r e s of 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 $3 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 t h e o f f e r i n g i s t o be made t h r o u g h company o f f i c i a l s and NASD members t h e l a t t e r w i l l r e c e i v e up t o a $ 3538 p e r s h a r e s e l l i n g commiss ion Micro Computer C o r p o r a t i o n owner of 100o of t h e company s o u t s t a n d i n g common s t o c k h a s a g r e e d t o s e l l p a r t i c i p a t i n g N A S D members a d d i t i o n a l s h a r e s on t h e b a s i s of 3 s h a r e s f o r e v e r y 100 s h a r e s s o l d and a t $03 p e r s h a r e

The company was o r g a n i z e d i n May f o r t h e p u r p o s e o f p u r c h a s i n g and l e a s i n g e l e c t r o n i c d a t a p r o c e s s i n g e q u i p m e n t i n c l u d i n g c o m p u t e r s and f o r e s t a b l i s h i n g p romot ing and c o n d u c t i n g a s c h o o l o f i n s t r u c t i o n f o r the programming o f compute r s 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 $290296 w i l l b e used t o d i s c h a r g e i n d e b t e d n e s s r o Mic ro Computer $200 000 t o e s t a b l i s h promote and c o n d u c t a s c h o o l f o r compute r programming and up t o $506908 may b e used t o pay bank i n d e b t e d n e s s t h e b a l a n c e w i l l be added t o t h e company s g e n e r a l f u n d s 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 The company h a s o u t s t a n d i n g 3 6 8 3 3 3 3 common s h a r e s ( w i t h a $ 0283 p e r s h a r e book v a l u e ) Malcolm I G l a z e r i s board cha i rman and Melvin L Chazen 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 n g r e g i s t e r e d w i l l a c q u i r e a 15 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 investmen o f $ 1 9 5 0 0 0 0 ( t h e y w i l l s u s t a i n a n immediate d i l u t i o n o f $2526 i n p e r s h a r e book v a l u e f rom t h e o f f e r i n g p r i c e ) t h e p a r e n t w i l l t h e n own 8 5 2 f o r which t h e company r e c e i v e d $100 000 o r $ 02715 p e r s h a r e

AMERICAN BEEF PACKERS SHARES IN REGISTRATION American Beef P a c k e r s I n c P 0 Box 6234 Elmwood P a r k S t a t i o n Omaha Nebr 68106 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 2-35492) w i t h t h e SEC on November 26 seeking r e g i s t r a t i o n of 3 0 7 7 4 8 s h a r e s o f common s t o c k Of t h e s e s h a r e s 156 826 were i s s u e d o r a r e i s s u a b l e upon e x e r c i s e o f o p t i o n s g r a n t e d and t o b e g r a n t e d p u r s u a n t t o t h e company s s t o c k o p t i o n p l a n s and s u b s t i t u t e o p t i o n s 4 9 1 9 0 were i s s u e d o r a r e i s s u a b l e upon e x e r c i s e o f o p t i o n s g r a n t e d t o p r e - i r ~ c o r p o r a t i o n s u b s c r i b e r s 1 0 2 0 a r e i s s u a b l e upon e x e r c i s e of a n o p t i o n g r a n t e d i n p a r t payment f o r l and purchased by t h e company 1 5 2 0 0 a r e o u t s t a n d i n g s h a r e s i s s u e d upon c o n v e r s i o n o f 7 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 1965 and 8 5 5 1 2 a r e o u t s t a n d i n g s h a r e s wnich may be o f f e r e d f o r s a l e f rom t i m e t o t ime 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 a t p r i c e s c u r r e n t a t t h e t i m e o f s a l e ( $ 2 2 5 0 p e r s h a r e maximum)

The company i s engaged i n t h e o p e r a t i o n of meat p a c k i n g p l a n t 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 i t h a s o u t - s t a n d i n g 1 3 6 0 3 4 6 common s h a r e s of which Gerda M West owns 22 F rank R West i s board cha i rman and p r e s i d e n t

COMMERCIAL ENVELOPE MFG TO SELL STOCK Commercial Envelope M a n u f a c t u r i n g C o I n c 2350 L a f a y e t t e A v e Sew York New York 10472 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 2-35493) w i t h t h e SEC on hovember 26 s e e k i n g r e g i s t r a t i o n of 225 000 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 u b l i c s a l e th rough u n d e r w r i t e r s headed by F r a n c i s I d u P o n t AC A l l y n I n c One Wall S t r e e t New York New York 10005 The o f f e r i n g p r i c e ( $ 1 2 p e r s h a r e maximum) and u n d e r w r i t i n g t e rms a r e t o be s u p p l i e d by amendment

The company i s engaged i n t h e m a n u f a c t u r e and s a l e o f a b road l i n e o f e n v e l o p e s f o r comnrercial u s e P a r t 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 e w i l l be used t o meet c e r t a i n o b l i g a t i o n s unde r a n ag reemen t t o re deem s t o c k (whose a g g r e g a t e p u r c h a s e p r i c e was $4279Qm)owned by two s i s t e r s o f I r a B K r i s t e l p r e s i d e n t t h e b a l a n c e w i l l be added t o t h e company s work ing c a p i t a l 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 t h e company h a s o u t s t a n d i n g 504000 common s h a r e s of which I r a B K r i s t e l and h i s w i f e own 802 and 202 r e s p e c t i v e l y

RODMAY INNS TO SELL STOCK Rodeway I n n s of Amer ica 919 Nor th F i r s t S t P h o e n i x A r i z o n a 85004 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 2-35495) w i t h t h e SEC on November 26 s e e k i n g r e g i s t r a t i o n o f 400 000 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 u b l i c s a l e a t $15 p e r 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 under - w r i t e r s headed by Ladenburg Thalmnnn amp C o 25 Broad S t r e e t New York New York 10004 and Weber H a l l Cobb amp C a u d l e I n c 1800 LTV Tower D a l l a s Texas 75201 which w i I l r e c e i v e a $1 05 p e r s h a r e comrnission p l u s $ 4 0 0 0 0 f o r e x p e n s e s On J u n e 3 0 t h e company s o l d 20 000 S e r i e s A p r e f e r r e d s h a r e s a t $1 p e r s h a r e t o each o f two u n d e r w r i t i n g f i r m s

The company i s p r i m a r i l y engaged i n f r a n c h i s i n g owning o p e r a t i n g and managing a c h a i n o f motor h o t e l s (Rodeway I n n s ) i t a l s o s e l l s motor h o t e l e q u i p m e n t f u r n i s h i n g s and s u p p l i e s t o t h e f r a n c h i s e e s and o t h e r s 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 9 2 5 0 0 0 w i l l be used t o pay p r e s e n t owners ( Texas Group) of 16 f r a n c h i s e d Rodeway I n n s c a s h y F o n s i d e r a t i o n invo lved i n t h e a c q u i s i t i o n o f such p r o p e r t i e s $ 1 3 0 0 0 0 0 t o r e p a y s h o r t t e r m bank l o a n s used f o r a d v a n c e s t o j o i n t v e n t u r e s and p u r c h a s e o f p a r c e l s of l and a c q u i r e d f o r f u t u r e deve lopmen t s i t e s $200000 t o pay c e r t a i n members o f t h e Texas Group t h e c a s h c o n s i d e r a t i o n r e q u i r e d f o r t h e c a n c e l l a t i o n o f t h e c a n p a n y s e x c l u s i v e t e r r i t o r i a l ag reemen t c o v e r i n g f o u r s t a t e s $100 000 t o pay

-

SEC tfBWSDIGEST December 3 1969 Paa 5

excentlulve territorial ~t $75000 bull ~tata1lllilll aote uued ill COIIDIICt10Dwith the caceUaUoa of tliecOllpaayYcentOWrlDi au atat ato pay outtend ina note ibullbullued in connection with the pureba bullbull of the buildina in which the company eacutive office are locatedi the balanc will be ued for the coIIpIUIY anral worki capital purpo bullbullbullbull which Myinclude equity investment in Rodeway Inn under development In addition to indbtedneaa and preferredstock the company haa outstanding 1057000 coamon ahare (with a $116 per ahare tanaible book value) of which Michael M Robinson board chairman owna 73961 and Jobn F Eulich prealdent 130lt

KIlT FILMS TO S~L STOCK Kirt Films International Ltd bullbull 212 West 71st Street New York New York filed 8 registration statement (File 2-35496) with the SEC on November 26 seeking registration of 80000 shares of common stock to be offered for public sale at $5 per share The offering is to be made on a best efforts 757or none besis through Fund Securitie8 Inc 355 Victory Blvd Staten leland New York N Y which will receive a SOC per share selling commission plus $10000 for expenaes The company has agredto sell Fund Securities at lC each Six-year warrants to purchase up to 4000 shares exerciable at $550 per share and to sell up to 4000 shares to that firm at 10C per share

Organized in Harch the company is primarily engaged in the production of low budget 35mm exploitation motion picture films Of the net proceeds of its stock sale $81649 will be used to repay loans and $150000 for production of additional film propertiesi the balance will be added to the companys general funds and used for general corporate purposes including working capital The company has outstanding240000 common shares (with a 9C per share net tangible book value) of which Leonard Kirtman president owns 50 and management officials as a group 100 Purchasers of the shares being registered will acqUire8 2~ stock interest in the company for their investment of $400000 ltthey will sustain an immediate dilution of $394 in per share book value from the offering price) the present shareholders will then own 731 for which they paid $15000

olC RlGIsrRATIONS REPORTED The following isauera of aecuritiea traded over-the-counter have filedregistration statements with the Commission pursuant to requirement a of Section l2(g) of the SecuritieaEZchange Act (companies which currently file annual and other periodic reporta with the SIC are identifiedby )

FUeFUe No O-Regiatrants LocationNo O-ampesistrant

4145 Ace Industriea Inc Brooklyn NY 4175 Aer1can National Corp Chicqo Ill

1t082Artex Hobby Products Inc Lima Ohio Bell Televiion Inc New York NY1e087 Cheaapeak Industries Inc Sllvr SprinaIt084 Baroes Corp Lansdowne Pa HcI1t079Bross Utilities Service Corp Hartford Conn 4103 Coldwell Banker amp Co LA CaUf4125 Carter Group Inc New York NY -097 CoIIptr8D eoputer Corp Tulsa 1It1a4160 D1gicOQ Inc Houston Tex Ann Arbor1t073Digital Information Devices Inc 11096 ea-Shere lac

Lionville Penna 4100 Continued Care Facilltis IncMicb

4l6S EDP Technology Inc Waahiagton DC Brooklyn NY1t076 Exotech Incorporated Rockville Md 4098 Data PacifiC Corp Portland Ore4089 Hydro-Ski InteTnational Corp Ft Lauderdale 4102 Educ_tina Sytes lnc N_ York NYFla Educational and ecreational Srvic Inc4081 Leasepac Corp Cleveland Lhio 11092

4085 Midland Mortgage lnveator Trust Ven Nuys Calif

Oklaboia City 4170 Fourth Financial Corp Wicbita ICans 4104 Heublein lac Hertford ConnOkla 4101 Hidoc Interaetional Inc Danbury Conn4161 Monarch Industries Inc Middlebury Ind 4176 JC B Marketing Syst_ Inc BrilUant O4093 Owen Laboratories Inc Dallas Tex 4173 Dolly Madi80n Industries Inc NYNY4072 IPS ProduCt8 Inc Baltilllor8Md 4099 Moores Seafood Products Inc Ft Arkinon4163 Real Estate Directories IncMiaa1 Fla Wisconsin 4166 Southern Hut_l Invest_nt Corp Atlanta Ga 4185 Osia Orpnizetioa Inc Ft Iudeldale1t074 Tech Sen Iac Beltsville Md Fla 4091 TelcOia Inc Mete_ Va 4174 Television Coaauni~ations Corp MI NY 4083 Tranemagnetics Inc Flushing NY

4168 Tycoclyne Industrie Corp Buffalo NY4080 W E Wright Co Weat Warren

MaSs

UCERT FORM 8-ICFlLINGS Th companies liated below have fUed Form 8-1 reportl for the month indicated and oneIi he item of the Form pecified in parentbe Photocop1ea therof may be purchaed froa

rep ng to t Se tion ( leae give Rev Diget baue No in ordering) Invoice wUl the eoausion Public Referednce ci 1 whe Ued An index of the captiona of the veral it of thebe included with the requeate as ter a bullfona was included in the November 12 N_a Digeat

8ICReporta for Ocentt 69

Caneral United Croup Inc(l) 0-2008-2 Craig Corp (1113) 1-6123-2 Goldfield Corp (12) 0-3098-2 Green Mountain powr Corp(4713) 0-1111-2 ITT Con8u81 Services Corp(713) 1-5314-2 111kon coTporatton Sept 69(7) 0-1959-2 Perfect fil amp Cbeaical Corp(12) 1-2991-2 Mitsui BU8aon ICabu8hiki Ka1sba Unican Heal th Services Inc

it fol Sept 69 2-21087-2 Apr 69(1213) 69(1213)

SIC NEWS DIGEST DCBHBIlt 3 1969 Page 6

8JC ItpotM hI Oct Coot I ct

Dunkin Donuts IncorporatedWestern Union Telegraph Co(7) 1-2493-2 (4713) 0-3456-2 Eastern Air Devices IncLeesona Corp (3) 1-4164-2 lt111213) 1-4490-2Long Island Lighting Co(12) 1-3571-2 Intercontinental Industries IncNational Bank of Iarael Ltd

6K for Oct 69 2-20494-2 (2313) 1-5566-2 Komatsu Manufacturing Co Ltd Photo Motion Corporation(21213) 2-28468-2 Nov 69(12) 2-27593-2Quarterback Sports Federation Inc Revenue Properties Co Ltd(3) 1-5827-2(7) 0-3271-2

Reliance Electric Co(471113) 1-5903-2 Acme Cleveland Corp Sept 69(12) 1-1410-2Trailerancho Corporation(213) 0-679-2 White ~hie1d Corporation(247 A1ba-Wa1densian Inc (12) 1-6150-21013) 0-3080-2 C10pay Corp(24791113) 1-3454-2

Macrodyne Chati110n CorpBermec Corporation(41213) 1-4739-2 (781113) 1-5592-2Buffalo Forge Company(12) 1-3165-2 R B Industries Inc(ll) 0-4020-2Cities Service Co(2813) 1-1093-2 Santa Fe International CorpGifford-Hi 11 amp Company Inc (47813) 1-4827-201213) 2-31478-2 Pancoasta1 Inc(11 1-5506-2 Far-Mar Co Inc(78 2-22230-2

~asar Microsystems Inc1113) 2-30134-2Baxter Laboratories Inc(713) 1-4448-2 Semicon Inc(2) 0-3286-2Financial Securlty Corporation of Union ~acific Corporation(1213) 1-6075-2Kansas(3) 0-3712-2 Union Pacific RR Co(1213) 1-1324-2North American Data Systems Inc Wolverine World Wide Inc(l213) 2-29312-2 01213) 1-6024-2Pueblo Supermarkets Inc(2713) 1-5160-2

Stage Delicatessen amp Restaurant IncForest City Enterprises Inc (12) 2-30495-20213) 1-4272-2 Roselon Industries Inc(1113) 0-4054-2 Biospherics Inc(Sept 69(79) 2-32423-2Udico Corporation(2) 1-5839-2 Buell Industries Inc(7) 1-4619-2 Beta Instrument Corp Sept 69(12) 2-32283-2 Granite Management Services Inc Botswana Rst Limited (2713) 1-5421-2

6K for 4-8-69 thru 10-14-69 2-28491-2 Strategic Datacenters Inc(4711) 2-28394-2

SECURITIES ACT REGISTRATIONS Effective November 26 The Colwell Co 2-34592 (40 days) Effective December 2 Airborne Freight Corp 2-31463 The Andrew Jergens Co 2-35334 Arkansas Power amp Light Co 2-35107 The Burnham Fund 2-34203 First amp Merchants Corp 2-33283 (Mar 3) Hall-Nark Electronics Corp 2-34915 (90 days) Health Care Inc 2-33320 (90 days) High Energy Processing Corp 2-32343 (90 days) Martin Marietta Corp 2-35323 (40 days) Maui Land amp Pineapple Co Inc 2-35133 (90 dns National Apparel Corp 2-34120 (90 davs) National Mobile Development Co 2-33872 (90 days) North American Biologicals Inc 2-32419 (90 days) North American Mortgage Investors 2-35243 (40 days) Pacesetter Corp 2-34472 (90 days) Plastic Carton Corp of America 2-33934 (90 days) Quebec Hydro-Electric Commission 2-353~2 SBL Variable Annuity Account and Security Benefit Life Insurance Co 2-31020 Strong-Wear Hosiery Co Inc 2-34796 (90 days) Telecor Inc 2-35159 (90 days) Union Tank Car Co 2-35229 (40 days) United Utilities Inc 2-35344 Westrans Industries Inc 2-33577 (40 days) Withdrawn November 25 Language Laboratories Inc bull 2-33277 Withdrawn December 2 FLC Corp 2-3254h Natel Electronic Industries Inc 2-34473 National MortgageFund 2-33556

NOTE 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 estlmated for purposes of computing the registration fee

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