SECURITIES AND EXCHANGE COMMISSION

~[G~~ IDIl[G~~ A brief summary of financial proposals filed with and actions by the SEC

( In ordering full text of Releases from SEC Publications Unit cite number)

(Ibullbullue Mo 70-65) FOR RELEASE _--=Ap~r=U=-3L-1970=--_

CltMIISSION AMIIOONCEMENT

RYSE SURCHARGE The SEC announced April 2 that it had ent a letter to the Nev York Stock Exchangecaaenting upon it propoaal to tpoe a surcharge of $15 or 50~ of the applicable caais ion whicheveri the leser on order of one thouand shares or Ie The eoi bullbullion tated that it believed uchaction can be viewed a juatifiableonly if the service fee is to be ipoed for a ninety-day period onlyand viII expire thereafter This self-liquidating factor would abullbullure that the increase viII in fact bean interi ure Its continuance for are than one quarter viII require a review of the econaic condi-tions including transaction voluae levels exiting at that future tte

The eoisaion expresly predicated its non-objection to the interia increase in charges upon itsexpectation that the Exchange viII take all tep neceaary to aaure that full brokerage ervice fors ll inveator are retored and that tranaaction ize and other liaitationa on such account a iaposad in thelast year by the Exchanges ~ership viII be reaoved We alo expect that the Exchange will undertaketoake certain that the additional revenuea produced by the interi aurchargevill be received by tbe-ber fira obtaining the custaers order and will be prudently employed by ita aeaber organizations toiprove tbeir operations and financial position Por furtber detaUs see Rel se 34-8860

HOLDING CcJ4PANYACf RELEASE

SOUTHERN CO SUBSIDIARIES SEEK ORDER The following subaidiarie of The Southern eopany registeredbolding coapany bave applied to tbe SEC for autborization under tbe Holding eopany Act to issue additionalbonda and to surrender tbe bonds to tbe indenture trustee in accordance vitb tbe sinking fund provisionsof the indenture Hissiaaippi Power eoapany (Releae 35-16669) Gulf Power eopany (Release 35-16670) andAlab Power Company (Release 35-16671) Tbe eotsion has isaued orders giving interested peraons untilApril 27 to requeat a hearing upon the respective applicationa

INVESTMENT COMPANY ACf RELEASE

DUPONT RECEIVES ORDER Tbe SEC bas isued an order under the Invetent eopany Act (Rele IC-60l9)exeapting E I du Pont de Nemours and eopany Wi lington Del (29~ of whose outstanding comaon stocki owned by Christiana Securities eopany a registered cloed-end invetaent company) fra certain pro-viaiona of the Act with respect to its proposed ale of 2100 sharea of comaon stock of Wheaton Plasticseopany to Wheaton Glass eopany for $2600000

SECURITIES ACf REGISTRATIONS

STOCK PLANS PllED The following have filed Fora S-8 regiatration tateaents with the SEC seeking registration of securitiea to be offered under and puruant to eaployee atock plan

Illuatrated World Encyclopedia Inc Glen Cove N Y (File 2-36783) - 53125 hareBeekaan Intruaent Inc FUllerton Calif 92634 (Pile 2-36790) - 150000 shareGeneral Electric eopany New York 10022 (Pile 2-36793) - 1500000 hare and 3000000 General Electric

Saving and Security Progr Mutual FUnd unitsChryaler Corporation Highland Park Mich (Pile 2-36794) - 2000000 shareaMcGraw-Hill Inc bullbull New York 10036 (Pile 2-36798) - 275735 hareStandard-Thaaon Corporation Walth Mabullbullbull 02154 (rile 2-36807) - 30000 abarePitney Bowebullbull Inc bullbull St ford CoDa 06904 (File 2-36810) - 1172982 ahare

guADR CITY INDUSTRIES PROPOSES OFFERING ltpaker City Industriea Inc bullbull 301 MayhUl Stbullbull Saddle Brook~ bullbull filed a regiatration atateaent (File 2-36785) vith the SEC on March 27 aeeking registration of$1900000 of convertible ubordinated debenturea due 1990 and an unpecified nuaber of hares of c~nstock to be offered for public ale in unit ch conaiating of a $500 debenture and c_ atock Theoffering i to be _de through underwriter hded by Sterling Grace Securitie Corporation 69-41 roretAve bullbull Locut Valley M Y 11560 the nuaber of aharea to be included in each unit the offering price($1000 per unit aaxiaua) and underwriting teras are to be aupplied by aaendaent

The capany prtaarlly aanufacturea and ell 8V~ng pool and outdoor buildinga torage racka andplatforas autoaotive accesory diplay and torage unit and tal radiator enclosure Of the net proceedaof ita financing $2700000 will be applied to the repayaent of all accounta receivable and inventory loanabearing intereat ranging froa l4-l2~ to 15~ per annu and certain other loana bearinl interet ranginl froa6~ to 9~ per annu the balance vill be added to the capanya vorltinl capital and ued to et generalcorporate operating expenes and the coapany c~ltaent to Lyndhurat Metal Coapany of up to $250000 Inaddition to indebtedne bullbull the capany ha outtanding 539938 coaaon bare (witb a $320 per ahare bookvalue) of which Abraham 8o n preident and chief executive officer own 24lt and naleaeat officialaa a group 479~

OYER

2 DC IIIWS DICIST APUJ 3 1970

CHEMICAL PATENTS TO SELL STOCK Chemical Patents Corporation 121 Mamaroneck Road Scarsdale N Y 10583 filed a registration statement (File 2-36774) with the SEC on Karch 26 seeking registration of 200000 shares of common stock to be offered for public sale through underwriters headed by J D Winer amp CoInc 50 Broadway New York N Y 10004 The offering price lt$1250 per share maximum) and underwritingterms are to be supplied by amendment The company has agreed to sell the Winer firm for $200 five-yearwarrants to purchase 20000 shares

Organized in October 1969 the company recently succeeded to the businesses of affiliated companiesengaged in the research and development of a chemical composition termed Dipenidam According to the pros-pectus company tests largely on iodine formulations of Dipenidam indicate that such formulations are cap-able of killing a wide range of bacteria spores fungi and certain viruses and have low toxity and low irritability Such formulations will require governmental clearance before they may be sold in the United States and in most other countries Of the net proceeds of the companys stock sale $500000 will be used to establish and equip a product formulation laboratory and manufacturing facility for product research andneveJ-opment and for manufacture of Dipenidan $250000 for one years operating expense for such facility

$300000 for a pure science laboratory and an adjacent facility to be located in or near Cambridge Englandfor the manufacture of Dipenidam $175000 for one years operating expense of such laboratory and facilityand $450000 for additional testing of the companys feed-additive the balance will be added to the companysworking capital The company has outstanding 1800000 common shares (with an 8~ per share net capitaldeficit) of which David B Carmel board chairman owns 674 and John de Sola Mosely president 155 Purchasers of the shares being registered will acquire a 10 stock interest in the company for their investment of $2500000 present shareholders will then own 90 for which they will have paid $262816 or 15~ per shar~

CREDITHRIFT FINANCIAL TO SELL NOTES Credithrift Financial Corporation 601 N W Second StEyansyille Ind 47708 filed a registration statement (File 2-36775) with the SEC on March 26 seeking regis-tration of $20000000 of senior notes due 1975 to be offered for public sale through underwriters headed byMerrillLynch Piece Fenner amp Smith 70 Pine St New York N Y 10005 The interest rate offering priceand underwriting cerms are to be supplied by amendment

The company through subsidiaries is engaged principally in the di rect installment loan business in the purchasing of retail installment sales obligations originating with dealers and in the wholesale financing of dealers inventories Net proceeds of its financing will be used to reduce short-term borrowing incurred with in the past year for use in the companys lending and finance operations In addition to indebtedness and preferred stock the company has outstanding 2203270 common shares of which management officials as a group own 1255 Leland M Feigel is board chairman and chief executive officer and Ralph J Tyring president

FORD CREDIT PROPOSES FINANCING Ford Motor Credit Company The American RoadDearborn Mich 48121 filed a registration statement (File 2-36776) with the SEC on Karch 26 seeking registration of $50000000 of de-bentures due 1990 and $100000000 of notes due 1975 to be offered for public sale through underwriters headed by Goldman Sachs amp Co 55 Broad St New York N Y 10004 The interest rates offering pricesand underwriting terms are to be supplied by amendmept

The ~ompany provides wholesale financing to and purchases retail installment sales paper from Ford-franchised veh~cle dealers Net proceeds of this financing will be added to the companys general funds and will be available for the purchase of receivables and for loans In addition to indebtedness the company has outstanding 250000 capital shares all owned by Ford Motor Company Robert S Olson is board chairman and John C Dean president

CHESEBROUGH-PONDS SHARES IN REGISTRATION Chesebrough-Ponds Inc 485 Lexington Ave New York N Y 10017 filed a registration statement (File 2-36777) with the SEC on March 26 seeking registration of 599289shares of common stock Of these shares 467289 are issuable upon conversiol of the 6-~ guaranteed(subordinated) debentures due 1984 of Chesebrough-Pond1s Intetnational Capital Corporation its wholly-ownedsubsidiary The remaining 132000 shares are outstanding shares issued in connection with the acquisition by a subsidiary of substantially all the assets and business of Ragu Packing Co Inc The recipients of such shares may offer them for sale from time to time at prices current at the time of sale ($4875 per share maximum) bull

The company is principally engaged in the manufacture and marketing to consumers of branded packaged good~including cosmetics and proprietary specialty products In addition to indebtedness it has outstanding11680944 common shares Giovanni and Assunta Cantisano may sell 23500 shares each of 73750 shares held each and five others may sell 17000 shares each of 147500 shares held each

llCREATION RESOURCES FILES FOR OFFERING AND SECONDARY Recreation Resources Inc 3540 Aero CourtSan Diego Calif 92123 filed a registration statement (file 2-36788) with the SEC on March 27 seekingregistration of 335000 shares of common stock of which 265000 are to be offered for public sale by the capany and 70000 (being outstanding shares) by the present holder thereof The offering is to be made through underwriters headed by Smith Barney amp Co Incorporated 1345 Avenue of the Americas New York NY 10019 the offering price ($25 per share maximum) and underwriting ters are to be supplied by amendment

The company was organized in January 1970 by Whittaker Corporation for the purpose of succeeding to the business operations of certain subSidiaries of Whittaker It is engaged in the design mefacture and distribution of pleasure power boats and sailing yachts and the manufacture and distribution of exercise equipment and custom automotive products Net proceeds of its sale of additional stock plus proceeds of the sale of $5000000 of convertible subordinated notes to certain institutional investors will be applied

SIC RlVSDIGlSt APRIL3 1970 fa_ 3

to repay advances made by Whittaker to the company the balance will be used to reduce existing trade pay-able of the company Such advances were used primarily to increase inventories and reduce trade payablesand also for tooling and plant expansion In addition to indebtedness the company has outstanding1100000 common shares all of which are owned by Whittaker It proposes to sell the 70000 shares beingregistered William M Duke is board chairman and Roy E Hughes president

FAIRMONT GROWTH FUND PROl~SKS OFFERING Fairmont Growth Fund Inc 9777 Wilshire Blvd BeverlyHills Calif 90212 filed a registration statement (File 2-36789) with the SEC on March 27 seeking regis-tration of 5000000 shares of common stock to be offered for public sale initially at $5 per share (including an initial sales charge of $4375 on purchases of less than $10000 thereafter 8-34) The Fund is a mutual fund whose primary investment objective is long-term growth of capital through selective investments in equity securities Fairmont Management Corporation will serve as investment adviser and Fairmont Distributors Inc bullbull as principal underwriter Lee Vandervelde is president of the Fund the adviser and the principal underwriter

HECKS FILES FOR StXONDARY Hecks Lnc 1012 Kanawha Blvd East Charleston l Va 25328 filed a registration statement ltFile 2-36791) with the SEC on March 27 seeking registration of 142644 outstandingshares of Class A common stock These shares are to be offered for sale from time to time by the presentholders thereof at prices current at the time of sale ($2950 per share maximum) An operator of discount department stores the company has outstanding 764274 Class A common shares of which Fred Haddad preSi-dent owns 2031 Haddad proposes to sell 20000 of 154975 shares held Wertheim amp Co all of 60333 and 13 others the remaining shares being registered

NATURAL RESOURCES FUND PROPOSES OFFERING Natural Kesources Fund Inc (Fund) 500 Denver Club Bldg Denver Colo 80202 filed a registration statement (File 2-36792) with the SEC on March 27 seekingregistration of $60000000 of pre-organization subscriptions in limited partnerships to be offered for public sale in minimum subscriptions of $2000 The offering is to be made through Aaron Corporation of 500 Denver Club Bldg Denver Colorado which will receive a 7-121 selling commission and will reallow 71 to participating NASD members The Fund wholly-owned subsidiary of Leben Drilling Inc will serve as general partner of each partnership Leben Drilling is wholly-owned by Tilco Inc The Partnershipswill be organized to invest in proven and semi-proven oil and gas leases and producing and other oil properties and projects Donald S Clarke is president of the Fund and of Aaron Corporation

DATA FLIGHT FINANCIAL TO SELL STOCK Data Flight Financial Corp 150 S E Second Ave Miami Fla 33131 filed a registration statement (File 2-36795) with the SEC on March 27 seeking registration of 130000 shares of common stock to be offered for public sale at $8 per share The offering is to be made through underwriters headed by Baroody amp Co 4040 Galt Ocean Drive Ft Lauderdale Fla 33308 which will receive an 80C per share commiSSion The company has agreed to pay Baroody amp Co $15000 for expenses and to sell it for $130 5-12 - year warrants to purchase 13000 shares

The company was organized in ~Iay 1969 to establish and operate joint venture finanCing and leasingsubsidiaries in cooperation with the manufacturers of computer related equipment and aircraft supportequipment Of the net proceeds of its stock sale $100000 will be used to pay initial administrative andsales salaries and operating expenses and the balance will be added to the companys general funds andused to purchase equipment leased to customers of the joint venture subsidiaries The company has out-standing 385625 common shares (with a 23C per share book value) of which Raymond A Beahn preSidentowns 7071 Purchasers of the shares being registered will acquire a 3371 stock interest in the companyfor their investment of $1040000 present stockholders will then own 6637 for which the companyreceived $63500

FIDELITY UNION LIFE INSURANCE TO SELL STOCK Fidelity Union Life Insurance Company 1511 Bryan StDallas Tex 75201 filed a registration statement (File 2-36796) with the SEC on Harch 27 seeking regiS-tration of 1000000 shares of common stock to be offered for public sale through underwriters headed by Eastman Dillon Union Securities amp Co One Chase Manhattan Plaza and Francis 1 duPont A C AllynInc One wall St both of New York N Y 10005 The offering price ($45 per share maximum) and underwriting terms are to be supplied by amendment

The company is engaged in writing a broad range of individual and group life insurance policies and annuities and to a limited extent individual accident and h2alth insurance policies Net proceeds of its stock sale will be added to the companys general funds and used for general corporate purposes and to expand its business In addition to indebtedness the company has outstanding 5000000 common sharesof which Charles B Sharp vice chairman owns 1221 Carr P Collins Sr is board chairman and president

AQUAPURE TO SELL STOCK Aquapure Inc 1 Cape Henlopen Dr bullbull Lewes Del 19958 filed a registrationstatement (File 2-36797) with the SEC on ~larch 27 seeking re~istTation of 75000 shares of common stock to be offered for public sale at $4 per share The offerinp is to be made on a best efforts all or none basis through Austin James amp Co Inc 11 Broadway New York N Y which will receiv 40cent per share selling commission plus $16000 for expenses The company has agreed to sell the Austin James firm at lC per warrant five-year warrants to purchase 7~ shares exerCisable after one year at $4 per share

---------------------__----

SIC BVS DIGEST APUL 3 1970 Organized In Hay 1969 the company is engaged in the processing (depuration) of shellfish Hncludinl

oysters and clamsgt for resale Depuration is a process by which shellfish harvested from polluted and other waters are placed in sea water which has been exposed to ultraViolet germicidal light and purifytheselves by their own natural biological functioning Net proceeds of its stock sale will be added to the companys general funds and used for working capital and other corporate purposes The cOlipany has outstanding 282753 common shares (with a 42cent per share net tangible book value) of which HurrayKornhauser preSident owns 26891and management officials as a group 45291

ROBEL BEEF PACKERS TO SELL STOCK Robel Beef Packers Inc 14th St and Third Ave South Saint Cloud Minn 56301 filed a registration statement (File 2-36799) with the SEC on March 27 seeking registration of 225000 shares of common stock to be offered for public sale through underwriters headed by Fredericks Clark amp Co Inc The offering price ($4 per share aaximumgt and underwriting terms are to be supplied by amendment The company has agreed to pay the underwriters $10000 for expenses and to sell the Fredericks firm for $150 a five-year warrant to purchase 15000 shares exercisable initially (after 13 monthsgt at $428 per share

The company was organized in November 1968 for the purpose of engaging principally in the production of a variety of beef products Of the net proceeds of its stock sale $250000 will be used to construct a freezer-storage facility for freezing and storage of boned ~at inVentory and $80000 to acquire and install a nitrogen tunnel for use in fast-freezing of fabricated portion-controlled products and hamburger patties and equipment for fabricating hamburger patties the balance will be added to the companys working capital and used for general corporate purposes In addition to indebtedness the company has outstanding 314166 common shares (with a $118 per share book valuegt of which Charles ~ Rosenberg president owns 11311 Elliott G Belzer vice president 12371and Joseph Rutman a director 12261 Purchasers of the shares being registered will acquire a 4177 stock interest in the company for their investment of $900000 present shareholders will then own 5831 for which they paid $362500 or $115 per share

COH~UTER APPLICATIONS FILES FOR SECONDARY Computer Applications Incorporated 555 Madison AveNew York N Y 10022 filed a registration statement (File 2-368oo) with the SEC on March 27 seeking registration of 150000 outstanding shares of common stock These shares may be offered for sale from time to time by the present holders thereof at prices prevailing at the time of sale ($750 per share maximum) The company has outstanding 1643217 common shares The names of the selling shareholders and numbers of shares to be sold by each are to be supplied by amendment

MOHASCO INDUSTRIES SHARES IN REGISTRATION Mohasco Industries Incbullbull 57 Lyon Stbullbull Amsterdam N Y 12010 filed a registration statement (Fil~ 2-36801) with the SEC on Harch 27 seeking registration of 476142 shares of common stock Of these shares 448642 were issued in 1969 in exchange for all of the outstanding stock of Peters-Revington Mfg Co bullbull Inc and Monarch Furniture Co Incbullbull and three affiliated corporations the balance are shares owned by Herbert L Shuttleworth 2d company president The shares may be sold from time to time by the holders thereof at prices current at the time of sale ($2650 per share maximum)

Mohasco manufacturers and distributes carpets carpet cushions and furniture It has outstanding 4914579 common shares Of the shares being registered 164142 are to be offered by Mose Samet and the balance by Shuttleworth and 9 other holders

POP INVES~IENT FUND FILES FOR OFFERING Pop Investment Fund Valley Forge ~a filed a registrationstatement (File 2-36802) with the SEC on Narch 27 seeking registration of 2000 shares of COMmon stock A newly-organized mutual fund the company will seek long term capital Rains through speculative equity and other inVestments Its shares are to be offered initially (for Sixty days) at $500 per share The fund will receive investment advice from an internal advisory group Tinkham Veale II is president

AMERICAN DIVERSIFIED SHARES IN REGISTRATION American Diversified Corporation Camp Hill lao 17011 filed a registration statement (File 2-36803) with the SEC on March 27 seeking registration of 469463 shares of Class A common reserved for exercise of warrants and 397618 Class A shares reserved for exercise of options The company has outstanding 2620222 shares of Class A stock of which Donald E Burks (president) and J Jeanine Burks own 30000 and management officials as a group 170520 (Burks also owns all of the 100000 outstanding Class B shares) In connection with the sale of 2400000 Class A shares at $250 per share the company issued (without additional consideration) warrants for the purchase of 480000 shares of which 469463 are outstanding The warrants are exercisable at $250 per share on or before 1200 pm EST on December 31 1970 The options were issued to officers and key employees they are exercisable primarily at $250 per share The company was organized in June 1968 for the principal purpose of entering the fast-food industry through the creation of a system of retail outlets with a limited menu featuring specially prepared fried chicken and complementary items

GOLDEN UNITED INVESTMENT FILES TWO STATEMENTS Golden United Investment Company 1670 Fishinger Rd Upper Arlington (Columbus) Ohio 43221 filed a registration statement (File 2-36804) with the SEC on March 27 seeking registration of 133334 Class A shares These shares are to be offered to duly licensed insurance representatives and regional managers of Golden United Life Insurance Company a wholly-ownedsubsidiary as have been or may be granted options under the companys 1970 Employees Stock rurchase ~lan

In a separate statement (File 2-36805) Golden United Investment Company seeks registration of 50000Class A shares reserved for issuance under its 1970 Employees Stock Option ~lan

CONTIEED

SEC HEWS DIGEST APRIL 3 1970 Page 5

DYNA DATA SERVICES TO SELL STOCK Dyna Data Services Inc 2 West 45th St New York N Y bullbull filed a registration statement (File 2-36H06) with the SEC en March 27 seeking registration of 150000 shares of common stock The shares are to be offered for public sale through underwriters headed by Arnold ilkensamp Co bullbull Inc bullbull 50 Broadway N Y the offering price ($5 per share maximum) and underwriting terms are to be supplied by amendment The underwriters will receive $20000 for expenses and the Arnold firm will receive financial consultation fees aggregating $30000 over a five-year period and will also be entitled to purchase (along with a finder) at $001 per warrant five-year warrants for the purchase of 15000 shares Warrants for 5000 shares are to be sold to company counsel

The company (formerly Dynatech Data Services Inc was organized in June 1969 it provides computerconsulting and programming services pr Lnc ipa Ll y related to clients advertising and marketing programsThe company also will operate a data processing service center and is negotiating facility managementcontracts pursuant to which it hopes to manage complete computer operations for potential clients Of the net proceeds of its stock sale the company will devote $200000 to the development and marketing of proprietary time-sharing programs and $300000 to the establishment of a data proceSSing service centerthe balance will be used for general corporate purposes including executive salaries In addition to indebtedness the company has outstanding 680000 common sr~res (with a 28C per share hook valoe) of which Milton Luftig president and board chairman owns 5737and RDR Associates Inc 3Rl7 lurchasers of the shares being registered will acquire an 18i stock interest in the company for their investment of $750000 present stockholders will then own 727 for which they invested $85000 (or $125 per sharraquo

NATIONAL COMPACTOR FILES FOR OFFERING National Compactor amp Technology Systems Inc bullbull 104 E 40th StNew York N Y 10016 filed a registration statement (File 2-36808) with the SEC on ~larch 27 seekingregistration of 100000 shares of common stock to be offered for public sale at $5 per share Th~ offertngis to he made through Emanuel Deetjen amp Co bullbull 120 Broadway N Y which will receive a COMMission of SOC pershare plus $25000 for expenses (of which $17500 were incurred in connection with 11 January 1970 of f o r inlaquo which was cancelled all monies being returned to investors when a proposed acquisition described in that offering was not completed)

The companv was organized in January 1961) in Fehruary 11)61)American Baler Machines Companv Inc oas merged into it Since then the company has heen enga~ed in deSigning manufactllring spllin~ and servicin waste d t spoaa l equipment and systems which include baling presses and compactors and aux t lt a rv enu i pme n t Of the net proceeds of the copany I s stock sa Le $65000 wi 11 he used to repav short term hank Loans used for workin~ capital $120()(l(I pav expenses incurred in c0nnection with the prior stockto (ffering $25000 to purchase machine tools and materials handling equipment and thehalance for general c0rporate purposesThe company has outstanding 311)990 common shares of which management officials o~m 776~ Steven E Berman is hoard chairman and Lawrence Duhow preSident Of the outstanding stock 2l9Q90 shares were issued for pavments amounting to $1199R~or 54C per llhare 90000 for stock of American Raler and 10000 as a partial down payment in connection with a proposed acquisition and forfeited when the proposedacquisition was not consummated Purchasers of the shares being registered will acouire a 231 stock interest in the company for their investment of $500000

roNDED PUNS amp PROGRAMS TO SELL STOQ Funded Plans amp Progr Inc bullbull 2500 Lemoine Ave Pt Lee NJ07024 filed a registration atateent (Pile 2~36784) with the SEC on March 27 seeking registration of100000 sbares of caaon stock to be offered for public sale at $6 per sbare The offering ia to be madeon a 55000 sbares or nothing beat efforts baais by Creat eoonwealth Securities Corp bullbull 12-45 River RoadFairlawn N J 07410 which will receive a 60e per share selling caission plus $18000 for expensea Thecapany bas agreed to aell tbe underwriter at Ie per warrant fivemiddotyear warranta to purchase up to 10000shares exercisable at $660 per sbare bull

Organized in June 1966 the copany is engaged in tbe sale of life and health insurance and in designingpension and profit sharing plans Of the net proceeda of its stock sale $100000 will be used to form a brOkermiddotdesler subsidiary and to provide for tbe capital needs thereof and $100000 will be applied toward acquisition of agencies engaged in the sale of insurance autual funds pension plans or similar operationsthe balance will be added to tbe capanys working capital and used for general corporate purposes The co-pany has outstanding 276000 camon sharea (with a 14e per sbare net tangible book value) of which Otto H Sbe~n board chai~n and president and Sauel H Beran vice president own 29~ each and Marvin D Schacbter vice chairan 38~ Purchasers of the sbares being registered will acquire a 266~ stock interest in tbe coapany for their investent of $600000 (they will sustain an iediate dilution of $463 in persbare book value fro tbe offering price) present sbareholders will then own 734~ for which they paid $35500 or l3cent per sbare

MAGNETICS INTEllNAn~L FILES FOR OrPEllING AND SECONDARY Magnetics International Inc 5400 Dunb_ Rd Maple Heights Ohio 44137 filed a reglstration stateaent (Flle 2middot36787) with the SEC on Harch 27 seekingregistration of 200000 sbares of c~ stock of whicb 150000 are to be offered for public sale by tbe capany and 50000 (being outstanding shares) by the present holders thereof The offerlng is to be de through underwriters headed by Hartzaark amp Cobullbull Inc bullbull 1000 E abio Bldg bullbull Cleveland Qhto 44114 which vill receive an 80e per share coaission The interest price ($10 per sbare xiu) is to supplied byU~

aaeDdaent The capany aDd selling shareholders have agreed to pay the Hartzaark fira $15000 for expensesand tbe capany bas agreed to sell it for $SO five-year warranta to purchase SOOO shares exercisable initially (after 11 aonths) at $10 per sbare

OVER

2 DC IIIWS DICIST APUJ 3 1970

CHEMICAL PATENTS TO SELL STOCK Chemical Patents Corporation 121 Mamaroneck Road Scarsdale N Y 10583 filed a registration statement (File 2-36774) with the SEC on Karch 26 seeking registration of 200000 shares of common stock to be offered for public sale through underwriters headed by J D Winer amp CoInc 50 Broadway New York N Y 10004 The offering price lt$1250 per share maximum) and underwritingterms are to be supplied by amendment The company has agreed to sell the Winer firm for $200 five-yearwarrants to purchase 20000 shares

Organized in October 1969 the company recently succeeded to the businesses of affiliated companiesengaged in the research and development of a chemical composition termed Dipenidam According to the pros-pectus company tests largely on iodine formulations of Dipenidam indicate that such formulations are cap-able of killing a wide range of bacteria spores fungi and certain viruses and have low toxity and low irritability Such formulations will require governmental clearance before they may be sold in the United States and in most other countries Of the net proceeds of the companys stock sale $500000 will be used to establish and equip a product formulation laboratory and manufacturing facility for product research andneveJ-opment and for manufacture of Dipenidan $250000 for one years operating expense for such facility

$300000 for a pure science laboratory and an adjacent facility to be located in or near Cambridge Englandfor the manufacture of Dipenidam $175000 for one years operating expense of such laboratory and facilityand $450000 for additional testing of the companys feed-additive the balance will be added to the companysworking capital The company has outstanding 1800000 common shares (with an 8~ per share net capitaldeficit) of which David B Carmel board chairman owns 674 and John de Sola Mosely president 155 Purchasers of the shares being registered will acquire a 10 stock interest in the company for their investment of $2500000 present shareholders will then own 90 for which they will have paid $262816 or 15~ per shar~

CREDITHRIFT FINANCIAL TO SELL NOTES Credithrift Financial Corporation 601 N W Second StEyansyille Ind 47708 filed a registration statement (File 2-36775) with the SEC on March 26 seeking regis-tration of $20000000 of senior notes due 1975 to be offered for public sale through underwriters headed byMerrillLynch Piece Fenner amp Smith 70 Pine St New York N Y 10005 The interest rate offering priceand underwriting cerms are to be supplied by amendment

The company through subsidiaries is engaged principally in the di rect installment loan business in the purchasing of retail installment sales obligations originating with dealers and in the wholesale financing of dealers inventories Net proceeds of its financing will be used to reduce short-term borrowing incurred with in the past year for use in the companys lending and finance operations In addition to indebtedness and preferred stock the company has outstanding 2203270 common shares of which management officials as a group own 1255 Leland M Feigel is board chairman and chief executive officer and Ralph J Tyring president

FORD CREDIT PROPOSES FINANCING Ford Motor Credit Company The American RoadDearborn Mich 48121 filed a registration statement (File 2-36776) with the SEC on Karch 26 seeking registration of $50000000 of de-bentures due 1990 and $100000000 of notes due 1975 to be offered for public sale through underwriters headed by Goldman Sachs amp Co 55 Broad St New York N Y 10004 The interest rates offering pricesand underwriting terms are to be supplied by amendmept

The ~ompany provides wholesale financing to and purchases retail installment sales paper from Ford-franchised veh~cle dealers Net proceeds of this financing will be added to the companys general funds and will be available for the purchase of receivables and for loans In addition to indebtedness the company has outstanding 250000 capital shares all owned by Ford Motor Company Robert S Olson is board chairman and John C Dean president

CHESEBROUGH-PONDS SHARES IN REGISTRATION Chesebrough-Ponds Inc 485 Lexington Ave New York N Y 10017 filed a registration statement (File 2-36777) with the SEC on March 26 seeking registration of 599289shares of common stock Of these shares 467289 are issuable upon conversiol of the 6-~ guaranteed(subordinated) debentures due 1984 of Chesebrough-Pond1s Intetnational Capital Corporation its wholly-ownedsubsidiary The remaining 132000 shares are outstanding shares issued in connection with the acquisition by a subsidiary of substantially all the assets and business of Ragu Packing Co Inc The recipients of such shares may offer them for sale from time to time at prices current at the time of sale ($4875 per share maximum) bull

The company is principally engaged in the manufacture and marketing to consumers of branded packaged good~including cosmetics and proprietary specialty products In addition to indebtedness it has outstanding11680944 common shares Giovanni and Assunta Cantisano may sell 23500 shares each of 73750 shares held each and five others may sell 17000 shares each of 147500 shares held each

llCREATION RESOURCES FILES FOR OFFERING AND SECONDARY Recreation Resources Inc 3540 Aero CourtSan Diego Calif 92123 filed a registration statement (file 2-36788) with the SEC on March 27 seekingregistration of 335000 shares of common stock of which 265000 are to be offered for public sale by the capany and 70000 (being outstanding shares) by the present holder thereof The offering is to be made through underwriters headed by Smith Barney amp Co Incorporated 1345 Avenue of the Americas New York NY 10019 the offering price ($25 per share maximum) and underwriting ters are to be supplied by amendment

The company was organized in January 1970 by Whittaker Corporation for the purpose of succeeding to the business operations of certain subSidiaries of Whittaker It is engaged in the design mefacture and distribution of pleasure power boats and sailing yachts and the manufacture and distribution of exercise equipment and custom automotive products Net proceeds of its sale of additional stock plus proceeds of the sale of $5000000 of convertible subordinated notes to certain institutional investors will be applied

SIC RlVSDIGlSt APRIL3 1970 fa_ 3

to repay advances made by Whittaker to the company the balance will be used to reduce existing trade pay-able of the company Such advances were used primarily to increase inventories and reduce trade payablesand also for tooling and plant expansion In addition to indebtedness the company has outstanding1100000 common shares all of which are owned by Whittaker It proposes to sell the 70000 shares beingregistered William M Duke is board chairman and Roy E Hughes president

FAIRMONT GROWTH FUND PROl~SKS OFFERING Fairmont Growth Fund Inc 9777 Wilshire Blvd BeverlyHills Calif 90212 filed a registration statement (File 2-36789) with the SEC on March 27 seeking regis-tration of 5000000 shares of common stock to be offered for public sale initially at $5 per share (including an initial sales charge of $4375 on purchases of less than $10000 thereafter 8-34) The Fund is a mutual fund whose primary investment objective is long-term growth of capital through selective investments in equity securities Fairmont Management Corporation will serve as investment adviser and Fairmont Distributors Inc bullbull as principal underwriter Lee Vandervelde is president of the Fund the adviser and the principal underwriter

HECKS FILES FOR StXONDARY Hecks Lnc 1012 Kanawha Blvd East Charleston l Va 25328 filed a registration statement ltFile 2-36791) with the SEC on March 27 seeking registration of 142644 outstandingshares of Class A common stock These shares are to be offered for sale from time to time by the presentholders thereof at prices current at the time of sale ($2950 per share maximum) An operator of discount department stores the company has outstanding 764274 Class A common shares of which Fred Haddad preSi-dent owns 2031 Haddad proposes to sell 20000 of 154975 shares held Wertheim amp Co all of 60333 and 13 others the remaining shares being registered

NATURAL RESOURCES FUND PROPOSES OFFERING Natural Kesources Fund Inc (Fund) 500 Denver Club Bldg Denver Colo 80202 filed a registration statement (File 2-36792) with the SEC on March 27 seekingregistration of $60000000 of pre-organization subscriptions in limited partnerships to be offered for public sale in minimum subscriptions of $2000 The offering is to be made through Aaron Corporation of 500 Denver Club Bldg Denver Colorado which will receive a 7-121 selling commission and will reallow 71 to participating NASD members The Fund wholly-owned subsidiary of Leben Drilling Inc will serve as general partner of each partnership Leben Drilling is wholly-owned by Tilco Inc The Partnershipswill be organized to invest in proven and semi-proven oil and gas leases and producing and other oil properties and projects Donald S Clarke is president of the Fund and of Aaron Corporation

DATA FLIGHT FINANCIAL TO SELL STOCK Data Flight Financial Corp 150 S E Second Ave Miami Fla 33131 filed a registration statement (File 2-36795) with the SEC on March 27 seeking registration of 130000 shares of common stock to be offered for public sale at $8 per share The offering is to be made through underwriters headed by Baroody amp Co 4040 Galt Ocean Drive Ft Lauderdale Fla 33308 which will receive an 80C per share commiSSion The company has agreed to pay Baroody amp Co $15000 for expenses and to sell it for $130 5-12 - year warrants to purchase 13000 shares

The company was organized in ~Iay 1969 to establish and operate joint venture finanCing and leasingsubsidiaries in cooperation with the manufacturers of computer related equipment and aircraft supportequipment Of the net proceeds of its stock sale $100000 will be used to pay initial administrative andsales salaries and operating expenses and the balance will be added to the companys general funds andused to purchase equipment leased to customers of the joint venture subsidiaries The company has out-standing 385625 common shares (with a 23C per share book value) of which Raymond A Beahn preSidentowns 7071 Purchasers of the shares being registered will acquire a 3371 stock interest in the companyfor their investment of $1040000 present stockholders will then own 6637 for which the companyreceived $63500

FIDELITY UNION LIFE INSURANCE TO SELL STOCK Fidelity Union Life Insurance Company 1511 Bryan StDallas Tex 75201 filed a registration statement (File 2-36796) with the SEC on Harch 27 seeking regiS-tration of 1000000 shares of common stock to be offered for public sale through underwriters headed by Eastman Dillon Union Securities amp Co One Chase Manhattan Plaza and Francis 1 duPont A C AllynInc One wall St both of New York N Y 10005 The offering price ($45 per share maximum) and underwriting terms are to be supplied by amendment

The company is engaged in writing a broad range of individual and group life insurance policies and annuities and to a limited extent individual accident and h2alth insurance policies Net proceeds of its stock sale will be added to the companys general funds and used for general corporate purposes and to expand its business In addition to indebtedness the company has outstanding 5000000 common sharesof which Charles B Sharp vice chairman owns 1221 Carr P Collins Sr is board chairman and president

AQUAPURE TO SELL STOCK Aquapure Inc 1 Cape Henlopen Dr bullbull Lewes Del 19958 filed a registrationstatement (File 2-36797) with the SEC on ~larch 27 seeking re~istTation of 75000 shares of common stock to be offered for public sale at $4 per share The offerinp is to be made on a best efforts all or none basis through Austin James amp Co Inc 11 Broadway New York N Y which will receiv 40cent per share selling commission plus $16000 for expenses The company has agreed to sell the Austin James firm at lC per warrant five-year warrants to purchase 7~ shares exerCisable after one year at $4 per share

---------------------__----

SIC BVS DIGEST APUL 3 1970 Organized In Hay 1969 the company is engaged in the processing (depuration) of shellfish Hncludinl

oysters and clamsgt for resale Depuration is a process by which shellfish harvested from polluted and other waters are placed in sea water which has been exposed to ultraViolet germicidal light and purifytheselves by their own natural biological functioning Net proceeds of its stock sale will be added to the companys general funds and used for working capital and other corporate purposes The cOlipany has outstanding 282753 common shares (with a 42cent per share net tangible book value) of which HurrayKornhauser preSident owns 26891and management officials as a group 45291

ROBEL BEEF PACKERS TO SELL STOCK Robel Beef Packers Inc 14th St and Third Ave South Saint Cloud Minn 56301 filed a registration statement (File 2-36799) with the SEC on March 27 seeking registration of 225000 shares of common stock to be offered for public sale through underwriters headed by Fredericks Clark amp Co Inc The offering price ($4 per share aaximumgt and underwriting terms are to be supplied by amendment The company has agreed to pay the underwriters $10000 for expenses and to sell the Fredericks firm for $150 a five-year warrant to purchase 15000 shares exercisable initially (after 13 monthsgt at $428 per share

The company was organized in November 1968 for the purpose of engaging principally in the production of a variety of beef products Of the net proceeds of its stock sale $250000 will be used to construct a freezer-storage facility for freezing and storage of boned ~at inVentory and $80000 to acquire and install a nitrogen tunnel for use in fast-freezing of fabricated portion-controlled products and hamburger patties and equipment for fabricating hamburger patties the balance will be added to the companys working capital and used for general corporate purposes In addition to indebtedness the company has outstanding 314166 common shares (with a $118 per share book valuegt of which Charles ~ Rosenberg president owns 11311 Elliott G Belzer vice president 12371and Joseph Rutman a director 12261 Purchasers of the shares being registered will acquire a 4177 stock interest in the company for their investment of $900000 present shareholders will then own 5831 for which they paid $362500 or $115 per share

COH~UTER APPLICATIONS FILES FOR SECONDARY Computer Applications Incorporated 555 Madison AveNew York N Y 10022 filed a registration statement (File 2-368oo) with the SEC on March 27 seeking registration of 150000 outstanding shares of common stock These shares may be offered for sale from time to time by the present holders thereof at prices prevailing at the time of sale ($750 per share maximum) The company has outstanding 1643217 common shares The names of the selling shareholders and numbers of shares to be sold by each are to be supplied by amendment

MOHASCO INDUSTRIES SHARES IN REGISTRATION Mohasco Industries Incbullbull 57 Lyon Stbullbull Amsterdam N Y 12010 filed a registration statement (Fil~ 2-36801) with the SEC on Harch 27 seeking registration of 476142 shares of common stock Of these shares 448642 were issued in 1969 in exchange for all of the outstanding stock of Peters-Revington Mfg Co bullbull Inc and Monarch Furniture Co Incbullbull and three affiliated corporations the balance are shares owned by Herbert L Shuttleworth 2d company president The shares may be sold from time to time by the holders thereof at prices current at the time of sale ($2650 per share maximum)

Mohasco manufacturers and distributes carpets carpet cushions and furniture It has outstanding 4914579 common shares Of the shares being registered 164142 are to be offered by Mose Samet and the balance by Shuttleworth and 9 other holders

POP INVES~IENT FUND FILES FOR OFFERING Pop Investment Fund Valley Forge ~a filed a registrationstatement (File 2-36802) with the SEC on Narch 27 seeking registration of 2000 shares of COMmon stock A newly-organized mutual fund the company will seek long term capital Rains through speculative equity and other inVestments Its shares are to be offered initially (for Sixty days) at $500 per share The fund will receive investment advice from an internal advisory group Tinkham Veale II is president

AMERICAN DIVERSIFIED SHARES IN REGISTRATION American Diversified Corporation Camp Hill lao 17011 filed a registration statement (File 2-36803) with the SEC on March 27 seeking registration of 469463 shares of Class A common reserved for exercise of warrants and 397618 Class A shares reserved for exercise of options The company has outstanding 2620222 shares of Class A stock of which Donald E Burks (president) and J Jeanine Burks own 30000 and management officials as a group 170520 (Burks also owns all of the 100000 outstanding Class B shares) In connection with the sale of 2400000 Class A shares at $250 per share the company issued (without additional consideration) warrants for the purchase of 480000 shares of which 469463 are outstanding The warrants are exercisable at $250 per share on or before 1200 pm EST on December 31 1970 The options were issued to officers and key employees they are exercisable primarily at $250 per share The company was organized in June 1968 for the principal purpose of entering the fast-food industry through the creation of a system of retail outlets with a limited menu featuring specially prepared fried chicken and complementary items

GOLDEN UNITED INVESTMENT FILES TWO STATEMENTS Golden United Investment Company 1670 Fishinger Rd Upper Arlington (Columbus) Ohio 43221 filed a registration statement (File 2-36804) with the SEC on March 27 seeking registration of 133334 Class A shares These shares are to be offered to duly licensed insurance representatives and regional managers of Golden United Life Insurance Company a wholly-ownedsubsidiary as have been or may be granted options under the companys 1970 Employees Stock rurchase ~lan

In a separate statement (File 2-36805) Golden United Investment Company seeks registration of 50000Class A shares reserved for issuance under its 1970 Employees Stock Option ~lan

CONTIEED

SEC HEWS DIGEST APRIL 3 1970 Page 5

DYNA DATA SERVICES TO SELL STOCK Dyna Data Services Inc 2 West 45th St New York N Y bullbull filed a registration statement (File 2-36H06) with the SEC en March 27 seeking registration of 150000 shares of common stock The shares are to be offered for public sale through underwriters headed by Arnold ilkensamp Co bullbull Inc bullbull 50 Broadway N Y the offering price ($5 per share maximum) and underwriting terms are to be supplied by amendment The underwriters will receive $20000 for expenses and the Arnold firm will receive financial consultation fees aggregating $30000 over a five-year period and will also be entitled to purchase (along with a finder) at $001 per warrant five-year warrants for the purchase of 15000 shares Warrants for 5000 shares are to be sold to company counsel

The company (formerly Dynatech Data Services Inc was organized in June 1969 it provides computerconsulting and programming services pr Lnc ipa Ll y related to clients advertising and marketing programsThe company also will operate a data processing service center and is negotiating facility managementcontracts pursuant to which it hopes to manage complete computer operations for potential clients Of the net proceeds of its stock sale the company will devote $200000 to the development and marketing of proprietary time-sharing programs and $300000 to the establishment of a data proceSSing service centerthe balance will be used for general corporate purposes including executive salaries In addition to indebtedness the company has outstanding 680000 common sr~res (with a 28C per share hook valoe) of which Milton Luftig president and board chairman owns 5737and RDR Associates Inc 3Rl7 lurchasers of the shares being registered will acquire an 18i stock interest in the company for their investment of $750000 present stockholders will then own 727 for which they invested $85000 (or $125 per sharraquo

NATIONAL COMPACTOR FILES FOR OFFERING National Compactor amp Technology Systems Inc bullbull 104 E 40th StNew York N Y 10016 filed a registration statement (File 2-36808) with the SEC on ~larch 27 seekingregistration of 100000 shares of common stock to be offered for public sale at $5 per share Th~ offertngis to he made through Emanuel Deetjen amp Co bullbull 120 Broadway N Y which will receive a COMMission of SOC pershare plus $25000 for expenses (of which $17500 were incurred in connection with 11 January 1970 of f o r inlaquo which was cancelled all monies being returned to investors when a proposed acquisition described in that offering was not completed)

The companv was organized in January 1961) in Fehruary 11)61)American Baler Machines Companv Inc oas merged into it Since then the company has heen enga~ed in deSigning manufactllring spllin~ and servicin waste d t spoaa l equipment and systems which include baling presses and compactors and aux t lt a rv enu i pme n t Of the net proceeds of the copany I s stock sa Le $65000 wi 11 he used to repav short term hank Loans used for workin~ capital $120()(l(I pav expenses incurred in c0nnection with the prior stockto (ffering $25000 to purchase machine tools and materials handling equipment and thehalance for general c0rporate purposesThe company has outstanding 311)990 common shares of which management officials o~m 776~ Steven E Berman is hoard chairman and Lawrence Duhow preSident Of the outstanding stock 2l9Q90 shares were issued for pavments amounting to $1199R~or 54C per llhare 90000 for stock of American Raler and 10000 as a partial down payment in connection with a proposed acquisition and forfeited when the proposedacquisition was not consummated Purchasers of the shares being registered will acouire a 231 stock interest in the company for their investment of $500000

roNDED PUNS amp PROGRAMS TO SELL STOQ Funded Plans amp Progr Inc bullbull 2500 Lemoine Ave Pt Lee NJ07024 filed a registration atateent (Pile 2~36784) with the SEC on March 27 seeking registration of100000 sbares of caaon stock to be offered for public sale at $6 per sbare The offering ia to be madeon a 55000 sbares or nothing beat efforts baais by Creat eoonwealth Securities Corp bullbull 12-45 River RoadFairlawn N J 07410 which will receive a 60e per share selling caission plus $18000 for expensea Thecapany bas agreed to aell tbe underwriter at Ie per warrant fivemiddotyear warranta to purchase up to 10000shares exercisable at $660 per sbare bull

Organized in June 1966 the copany is engaged in tbe sale of life and health insurance and in designingpension and profit sharing plans Of the net proceeda of its stock sale $100000 will be used to form a brOkermiddotdesler subsidiary and to provide for tbe capital needs thereof and $100000 will be applied toward acquisition of agencies engaged in the sale of insurance autual funds pension plans or similar operationsthe balance will be added to tbe capanys working capital and used for general corporate purposes The co-pany has outstanding 276000 camon sharea (with a 14e per sbare net tangible book value) of which Otto H Sbe~n board chai~n and president and Sauel H Beran vice president own 29~ each and Marvin D Schacbter vice chairan 38~ Purchasers of the sbares being registered will acquire a 266~ stock interest in tbe coapany for their investent of $600000 (they will sustain an iediate dilution of $463 in persbare book value fro tbe offering price) present sbareholders will then own 734~ for which they paid $35500 or l3cent per sbare

MAGNETICS INTEllNAn~L FILES FOR OrPEllING AND SECONDARY Magnetics International Inc 5400 Dunb_ Rd Maple Heights Ohio 44137 filed a reglstration stateaent (Flle 2middot36787) with the SEC on Harch 27 seekingregistration of 200000 sbares of c~ stock of whicb 150000 are to be offered for public sale by tbe capany and 50000 (being outstanding shares) by the present holders thereof The offerlng is to be de through underwriters headed by Hartzaark amp Cobullbull Inc bullbull 1000 E abio Bldg bullbull Cleveland Qhto 44114 which vill receive an 80e per share coaission The interest price ($10 per sbare xiu) is to supplied byU~

aaeDdaent The capany aDd selling shareholders have agreed to pay the Hartzaark fira $15000 for expensesand tbe capany bas agreed to sell it for $SO five-year warranta to purchase SOOO shares exercisable initially (after 11 aonths) at $10 per sbare

OVER

SIC RlVSDIGlSt APRIL3 1970 fa_ 3

to repay advances made by Whittaker to the company the balance will be used to reduce existing trade pay-able of the company Such advances were used primarily to increase inventories and reduce trade payablesand also for tooling and plant expansion In addition to indebtedness the company has outstanding1100000 common shares all of which are owned by Whittaker It proposes to sell the 70000 shares beingregistered William M Duke is board chairman and Roy E Hughes president

FAIRMONT GROWTH FUND PROl~SKS OFFERING Fairmont Growth Fund Inc 9777 Wilshire Blvd BeverlyHills Calif 90212 filed a registration statement (File 2-36789) with the SEC on March 27 seeking regis-tration of 5000000 shares of common stock to be offered for public sale initially at $5 per share (including an initial sales charge of $4375 on purchases of less than $10000 thereafter 8-34) The Fund is a mutual fund whose primary investment objective is long-term growth of capital through selective investments in equity securities Fairmont Management Corporation will serve as investment adviser and Fairmont Distributors Inc bullbull as principal underwriter Lee Vandervelde is president of the Fund the adviser and the principal underwriter

HECKS FILES FOR StXONDARY Hecks Lnc 1012 Kanawha Blvd East Charleston l Va 25328 filed a registration statement ltFile 2-36791) with the SEC on March 27 seeking registration of 142644 outstandingshares of Class A common stock These shares are to be offered for sale from time to time by the presentholders thereof at prices current at the time of sale ($2950 per share maximum) An operator of discount department stores the company has outstanding 764274 Class A common shares of which Fred Haddad preSi-dent owns 2031 Haddad proposes to sell 20000 of 154975 shares held Wertheim amp Co all of 60333 and 13 others the remaining shares being registered

NATURAL RESOURCES FUND PROPOSES OFFERING Natural Kesources Fund Inc (Fund) 500 Denver Club Bldg Denver Colo 80202 filed a registration statement (File 2-36792) with the SEC on March 27 seekingregistration of $60000000 of pre-organization subscriptions in limited partnerships to be offered for public sale in minimum subscriptions of $2000 The offering is to be made through Aaron Corporation of 500 Denver Club Bldg Denver Colorado which will receive a 7-121 selling commission and will reallow 71 to participating NASD members The Fund wholly-owned subsidiary of Leben Drilling Inc will serve as general partner of each partnership Leben Drilling is wholly-owned by Tilco Inc The Partnershipswill be organized to invest in proven and semi-proven oil and gas leases and producing and other oil properties and projects Donald S Clarke is president of the Fund and of Aaron Corporation

DATA FLIGHT FINANCIAL TO SELL STOCK Data Flight Financial Corp 150 S E Second Ave Miami Fla 33131 filed a registration statement (File 2-36795) with the SEC on March 27 seeking registration of 130000 shares of common stock to be offered for public sale at $8 per share The offering is to be made through underwriters headed by Baroody amp Co 4040 Galt Ocean Drive Ft Lauderdale Fla 33308 which will receive an 80C per share commiSSion The company has agreed to pay Baroody amp Co $15000 for expenses and to sell it for $130 5-12 - year warrants to purchase 13000 shares

The company was organized in ~Iay 1969 to establish and operate joint venture finanCing and leasingsubsidiaries in cooperation with the manufacturers of computer related equipment and aircraft supportequipment Of the net proceeds of its stock sale $100000 will be used to pay initial administrative andsales salaries and operating expenses and the balance will be added to the companys general funds andused to purchase equipment leased to customers of the joint venture subsidiaries The company has out-standing 385625 common shares (with a 23C per share book value) of which Raymond A Beahn preSidentowns 7071 Purchasers of the shares being registered will acquire a 3371 stock interest in the companyfor their investment of $1040000 present stockholders will then own 6637 for which the companyreceived $63500

FIDELITY UNION LIFE INSURANCE TO SELL STOCK Fidelity Union Life Insurance Company 1511 Bryan StDallas Tex 75201 filed a registration statement (File 2-36796) with the SEC on Harch 27 seeking regiS-tration of 1000000 shares of common stock to be offered for public sale through underwriters headed by Eastman Dillon Union Securities amp Co One Chase Manhattan Plaza and Francis 1 duPont A C AllynInc One wall St both of New York N Y 10005 The offering price ($45 per share maximum) and underwriting terms are to be supplied by amendment

The company is engaged in writing a broad range of individual and group life insurance policies and annuities and to a limited extent individual accident and h2alth insurance policies Net proceeds of its stock sale will be added to the companys general funds and used for general corporate purposes and to expand its business In addition to indebtedness the company has outstanding 5000000 common sharesof which Charles B Sharp vice chairman owns 1221 Carr P Collins Sr is board chairman and president

AQUAPURE TO SELL STOCK Aquapure Inc 1 Cape Henlopen Dr bullbull Lewes Del 19958 filed a registrationstatement (File 2-36797) with the SEC on ~larch 27 seeking re~istTation of 75000 shares of common stock to be offered for public sale at $4 per share The offerinp is to be made on a best efforts all or none basis through Austin James amp Co Inc 11 Broadway New York N Y which will receiv 40cent per share selling commission plus $16000 for expenses The company has agreed to sell the Austin James firm at lC per warrant five-year warrants to purchase 7~ shares exerCisable after one year at $4 per share

---------------------__----

SIC BVS DIGEST APUL 3 1970 Organized In Hay 1969 the company is engaged in the processing (depuration) of shellfish Hncludinl

oysters and clamsgt for resale Depuration is a process by which shellfish harvested from polluted and other waters are placed in sea water which has been exposed to ultraViolet germicidal light and purifytheselves by their own natural biological functioning Net proceeds of its stock sale will be added to the companys general funds and used for working capital and other corporate purposes The cOlipany has outstanding 282753 common shares (with a 42cent per share net tangible book value) of which HurrayKornhauser preSident owns 26891and management officials as a group 45291

ROBEL BEEF PACKERS TO SELL STOCK Robel Beef Packers Inc 14th St and Third Ave South Saint Cloud Minn 56301 filed a registration statement (File 2-36799) with the SEC on March 27 seeking registration of 225000 shares of common stock to be offered for public sale through underwriters headed by Fredericks Clark amp Co Inc The offering price ($4 per share aaximumgt and underwriting terms are to be supplied by amendment The company has agreed to pay the underwriters $10000 for expenses and to sell the Fredericks firm for $150 a five-year warrant to purchase 15000 shares exercisable initially (after 13 monthsgt at $428 per share

The company was organized in November 1968 for the purpose of engaging principally in the production of a variety of beef products Of the net proceeds of its stock sale $250000 will be used to construct a freezer-storage facility for freezing and storage of boned ~at inVentory and $80000 to acquire and install a nitrogen tunnel for use in fast-freezing of fabricated portion-controlled products and hamburger patties and equipment for fabricating hamburger patties the balance will be added to the companys working capital and used for general corporate purposes In addition to indebtedness the company has outstanding 314166 common shares (with a $118 per share book valuegt of which Charles ~ Rosenberg president owns 11311 Elliott G Belzer vice president 12371and Joseph Rutman a director 12261 Purchasers of the shares being registered will acquire a 4177 stock interest in the company for their investment of $900000 present shareholders will then own 5831 for which they paid $362500 or $115 per share

COH~UTER APPLICATIONS FILES FOR SECONDARY Computer Applications Incorporated 555 Madison AveNew York N Y 10022 filed a registration statement (File 2-368oo) with the SEC on March 27 seeking registration of 150000 outstanding shares of common stock These shares may be offered for sale from time to time by the present holders thereof at prices prevailing at the time of sale ($750 per share maximum) The company has outstanding 1643217 common shares The names of the selling shareholders and numbers of shares to be sold by each are to be supplied by amendment

MOHASCO INDUSTRIES SHARES IN REGISTRATION Mohasco Industries Incbullbull 57 Lyon Stbullbull Amsterdam N Y 12010 filed a registration statement (Fil~ 2-36801) with the SEC on Harch 27 seeking registration of 476142 shares of common stock Of these shares 448642 were issued in 1969 in exchange for all of the outstanding stock of Peters-Revington Mfg Co bullbull Inc and Monarch Furniture Co Incbullbull and three affiliated corporations the balance are shares owned by Herbert L Shuttleworth 2d company president The shares may be sold from time to time by the holders thereof at prices current at the time of sale ($2650 per share maximum)

Mohasco manufacturers and distributes carpets carpet cushions and furniture It has outstanding 4914579 common shares Of the shares being registered 164142 are to be offered by Mose Samet and the balance by Shuttleworth and 9 other holders

POP INVES~IENT FUND FILES FOR OFFERING Pop Investment Fund Valley Forge ~a filed a registrationstatement (File 2-36802) with the SEC on Narch 27 seeking registration of 2000 shares of COMmon stock A newly-organized mutual fund the company will seek long term capital Rains through speculative equity and other inVestments Its shares are to be offered initially (for Sixty days) at $500 per share The fund will receive investment advice from an internal advisory group Tinkham Veale II is president

AMERICAN DIVERSIFIED SHARES IN REGISTRATION American Diversified Corporation Camp Hill lao 17011 filed a registration statement (File 2-36803) with the SEC on March 27 seeking registration of 469463 shares of Class A common reserved for exercise of warrants and 397618 Class A shares reserved for exercise of options The company has outstanding 2620222 shares of Class A stock of which Donald E Burks (president) and J Jeanine Burks own 30000 and management officials as a group 170520 (Burks also owns all of the 100000 outstanding Class B shares) In connection with the sale of 2400000 Class A shares at $250 per share the company issued (without additional consideration) warrants for the purchase of 480000 shares of which 469463 are outstanding The warrants are exercisable at $250 per share on or before 1200 pm EST on December 31 1970 The options were issued to officers and key employees they are exercisable primarily at $250 per share The company was organized in June 1968 for the principal purpose of entering the fast-food industry through the creation of a system of retail outlets with a limited menu featuring specially prepared fried chicken and complementary items

GOLDEN UNITED INVESTMENT FILES TWO STATEMENTS Golden United Investment Company 1670 Fishinger Rd Upper Arlington (Columbus) Ohio 43221 filed a registration statement (File 2-36804) with the SEC on March 27 seeking registration of 133334 Class A shares These shares are to be offered to duly licensed insurance representatives and regional managers of Golden United Life Insurance Company a wholly-ownedsubsidiary as have been or may be granted options under the companys 1970 Employees Stock rurchase ~lan

In a separate statement (File 2-36805) Golden United Investment Company seeks registration of 50000Class A shares reserved for issuance under its 1970 Employees Stock Option ~lan

CONTIEED

SEC HEWS DIGEST APRIL 3 1970 Page 5

DYNA DATA SERVICES TO SELL STOCK Dyna Data Services Inc 2 West 45th St New York N Y bullbull filed a registration statement (File 2-36H06) with the SEC en March 27 seeking registration of 150000 shares of common stock The shares are to be offered for public sale through underwriters headed by Arnold ilkensamp Co bullbull Inc bullbull 50 Broadway N Y the offering price ($5 per share maximum) and underwriting terms are to be supplied by amendment The underwriters will receive $20000 for expenses and the Arnold firm will receive financial consultation fees aggregating $30000 over a five-year period and will also be entitled to purchase (along with a finder) at $001 per warrant five-year warrants for the purchase of 15000 shares Warrants for 5000 shares are to be sold to company counsel

The company (formerly Dynatech Data Services Inc was organized in June 1969 it provides computerconsulting and programming services pr Lnc ipa Ll y related to clients advertising and marketing programsThe company also will operate a data processing service center and is negotiating facility managementcontracts pursuant to which it hopes to manage complete computer operations for potential clients Of the net proceeds of its stock sale the company will devote $200000 to the development and marketing of proprietary time-sharing programs and $300000 to the establishment of a data proceSSing service centerthe balance will be used for general corporate purposes including executive salaries In addition to indebtedness the company has outstanding 680000 common sr~res (with a 28C per share hook valoe) of which Milton Luftig president and board chairman owns 5737and RDR Associates Inc 3Rl7 lurchasers of the shares being registered will acquire an 18i stock interest in the company for their investment of $750000 present stockholders will then own 727 for which they invested $85000 (or $125 per sharraquo

NATIONAL COMPACTOR FILES FOR OFFERING National Compactor amp Technology Systems Inc bullbull 104 E 40th StNew York N Y 10016 filed a registration statement (File 2-36808) with the SEC on ~larch 27 seekingregistration of 100000 shares of common stock to be offered for public sale at $5 per share Th~ offertngis to he made through Emanuel Deetjen amp Co bullbull 120 Broadway N Y which will receive a COMMission of SOC pershare plus $25000 for expenses (of which $17500 were incurred in connection with 11 January 1970 of f o r inlaquo which was cancelled all monies being returned to investors when a proposed acquisition described in that offering was not completed)

The companv was organized in January 1961) in Fehruary 11)61)American Baler Machines Companv Inc oas merged into it Since then the company has heen enga~ed in deSigning manufactllring spllin~ and servicin waste d t spoaa l equipment and systems which include baling presses and compactors and aux t lt a rv enu i pme n t Of the net proceeds of the copany I s stock sa Le $65000 wi 11 he used to repav short term hank Loans used for workin~ capital $120()(l(I pav expenses incurred in c0nnection with the prior stockto (ffering $25000 to purchase machine tools and materials handling equipment and thehalance for general c0rporate purposesThe company has outstanding 311)990 common shares of which management officials o~m 776~ Steven E Berman is hoard chairman and Lawrence Duhow preSident Of the outstanding stock 2l9Q90 shares were issued for pavments amounting to $1199R~or 54C per llhare 90000 for stock of American Raler and 10000 as a partial down payment in connection with a proposed acquisition and forfeited when the proposedacquisition was not consummated Purchasers of the shares being registered will acouire a 231 stock interest in the company for their investment of $500000

roNDED PUNS amp PROGRAMS TO SELL STOQ Funded Plans amp Progr Inc bullbull 2500 Lemoine Ave Pt Lee NJ07024 filed a registration atateent (Pile 2~36784) with the SEC on March 27 seeking registration of100000 sbares of caaon stock to be offered for public sale at $6 per sbare The offering ia to be madeon a 55000 sbares or nothing beat efforts baais by Creat eoonwealth Securities Corp bullbull 12-45 River RoadFairlawn N J 07410 which will receive a 60e per share selling caission plus $18000 for expensea Thecapany bas agreed to aell tbe underwriter at Ie per warrant fivemiddotyear warranta to purchase up to 10000shares exercisable at $660 per sbare bull

Organized in June 1966 the copany is engaged in tbe sale of life and health insurance and in designingpension and profit sharing plans Of the net proceeda of its stock sale $100000 will be used to form a brOkermiddotdesler subsidiary and to provide for tbe capital needs thereof and $100000 will be applied toward acquisition of agencies engaged in the sale of insurance autual funds pension plans or similar operationsthe balance will be added to tbe capanys working capital and used for general corporate purposes The co-pany has outstanding 276000 camon sharea (with a 14e per sbare net tangible book value) of which Otto H Sbe~n board chai~n and president and Sauel H Beran vice president own 29~ each and Marvin D Schacbter vice chairan 38~ Purchasers of the sbares being registered will acquire a 266~ stock interest in tbe coapany for their investent of $600000 (they will sustain an iediate dilution of $463 in persbare book value fro tbe offering price) present sbareholders will then own 734~ for which they paid $35500 or l3cent per sbare

MAGNETICS INTEllNAn~L FILES FOR OrPEllING AND SECONDARY Magnetics International Inc 5400 Dunb_ Rd Maple Heights Ohio 44137 filed a reglstration stateaent (Flle 2middot36787) with the SEC on Harch 27 seekingregistration of 200000 sbares of c~ stock of whicb 150000 are to be offered for public sale by tbe capany and 50000 (being outstanding shares) by the present holders thereof The offerlng is to be de through underwriters headed by Hartzaark amp Cobullbull Inc bullbull 1000 E abio Bldg bullbull Cleveland Qhto 44114 which vill receive an 80e per share coaission The interest price ($10 per sbare xiu) is to supplied byU~

aaeDdaent The capany aDd selling shareholders have agreed to pay the Hartzaark fira $15000 for expensesand tbe capany bas agreed to sell it for $SO five-year warranta to purchase SOOO shares exercisable initially (after 11 aonths) at $10 per sbare

OVER

---------------------__----

SIC BVS DIGEST APUL 3 1970 Organized In Hay 1969 the company is engaged in the processing (depuration) of shellfish Hncludinl

oysters and clamsgt for resale Depuration is a process by which shellfish harvested from polluted and other waters are placed in sea water which has been exposed to ultraViolet germicidal light and purifytheselves by their own natural biological functioning Net proceeds of its stock sale will be added to the companys general funds and used for working capital and other corporate purposes The cOlipany has outstanding 282753 common shares (with a 42cent per share net tangible book value) of which HurrayKornhauser preSident owns 26891and management officials as a group 45291

ROBEL BEEF PACKERS TO SELL STOCK Robel Beef Packers Inc 14th St and Third Ave South Saint Cloud Minn 56301 filed a registration statement (File 2-36799) with the SEC on March 27 seeking registration of 225000 shares of common stock to be offered for public sale through underwriters headed by Fredericks Clark amp Co Inc The offering price ($4 per share aaximumgt and underwriting terms are to be supplied by amendment The company has agreed to pay the underwriters $10000 for expenses and to sell the Fredericks firm for $150 a five-year warrant to purchase 15000 shares exercisable initially (after 13 monthsgt at $428 per share

The company was organized in November 1968 for the purpose of engaging principally in the production of a variety of beef products Of the net proceeds of its stock sale $250000 will be used to construct a freezer-storage facility for freezing and storage of boned ~at inVentory and $80000 to acquire and install a nitrogen tunnel for use in fast-freezing of fabricated portion-controlled products and hamburger patties and equipment for fabricating hamburger patties the balance will be added to the companys working capital and used for general corporate purposes In addition to indebtedness the company has outstanding 314166 common shares (with a $118 per share book valuegt of which Charles ~ Rosenberg president owns 11311 Elliott G Belzer vice president 12371and Joseph Rutman a director 12261 Purchasers of the shares being registered will acquire a 4177 stock interest in the company for their investment of $900000 present shareholders will then own 5831 for which they paid $362500 or $115 per share

COH~UTER APPLICATIONS FILES FOR SECONDARY Computer Applications Incorporated 555 Madison AveNew York N Y 10022 filed a registration statement (File 2-368oo) with the SEC on March 27 seeking registration of 150000 outstanding shares of common stock These shares may be offered for sale from time to time by the present holders thereof at prices prevailing at the time of sale ($750 per share maximum) The company has outstanding 1643217 common shares The names of the selling shareholders and numbers of shares to be sold by each are to be supplied by amendment

MOHASCO INDUSTRIES SHARES IN REGISTRATION Mohasco Industries Incbullbull 57 Lyon Stbullbull Amsterdam N Y 12010 filed a registration statement (Fil~ 2-36801) with the SEC on Harch 27 seeking registration of 476142 shares of common stock Of these shares 448642 were issued in 1969 in exchange for all of the outstanding stock of Peters-Revington Mfg Co bullbull Inc and Monarch Furniture Co Incbullbull and three affiliated corporations the balance are shares owned by Herbert L Shuttleworth 2d company president The shares may be sold from time to time by the holders thereof at prices current at the time of sale ($2650 per share maximum)

Mohasco manufacturers and distributes carpets carpet cushions and furniture It has outstanding 4914579 common shares Of the shares being registered 164142 are to be offered by Mose Samet and the balance by Shuttleworth and 9 other holders

POP INVES~IENT FUND FILES FOR OFFERING Pop Investment Fund Valley Forge ~a filed a registrationstatement (File 2-36802) with the SEC on Narch 27 seeking registration of 2000 shares of COMmon stock A newly-organized mutual fund the company will seek long term capital Rains through speculative equity and other inVestments Its shares are to be offered initially (for Sixty days) at $500 per share The fund will receive investment advice from an internal advisory group Tinkham Veale II is president

AMERICAN DIVERSIFIED SHARES IN REGISTRATION American Diversified Corporation Camp Hill lao 17011 filed a registration statement (File 2-36803) with the SEC on March 27 seeking registration of 469463 shares of Class A common reserved for exercise of warrants and 397618 Class A shares reserved for exercise of options The company has outstanding 2620222 shares of Class A stock of which Donald E Burks (president) and J Jeanine Burks own 30000 and management officials as a group 170520 (Burks also owns all of the 100000 outstanding Class B shares) In connection with the sale of 2400000 Class A shares at $250 per share the company issued (without additional consideration) warrants for the purchase of 480000 shares of which 469463 are outstanding The warrants are exercisable at $250 per share on or before 1200 pm EST on December 31 1970 The options were issued to officers and key employees they are exercisable primarily at $250 per share The company was organized in June 1968 for the principal purpose of entering the fast-food industry through the creation of a system of retail outlets with a limited menu featuring specially prepared fried chicken and complementary items

GOLDEN UNITED INVESTMENT FILES TWO STATEMENTS Golden United Investment Company 1670 Fishinger Rd Upper Arlington (Columbus) Ohio 43221 filed a registration statement (File 2-36804) with the SEC on March 27 seeking registration of 133334 Class A shares These shares are to be offered to duly licensed insurance representatives and regional managers of Golden United Life Insurance Company a wholly-ownedsubsidiary as have been or may be granted options under the companys 1970 Employees Stock rurchase ~lan

In a separate statement (File 2-36805) Golden United Investment Company seeks registration of 50000Class A shares reserved for issuance under its 1970 Employees Stock Option ~lan

CONTIEED

SEC HEWS DIGEST APRIL 3 1970 Page 5

DYNA DATA SERVICES TO SELL STOCK Dyna Data Services Inc 2 West 45th St New York N Y bullbull filed a registration statement (File 2-36H06) with the SEC en March 27 seeking registration of 150000 shares of common stock The shares are to be offered for public sale through underwriters headed by Arnold ilkensamp Co bullbull Inc bullbull 50 Broadway N Y the offering price ($5 per share maximum) and underwriting terms are to be supplied by amendment The underwriters will receive $20000 for expenses and the Arnold firm will receive financial consultation fees aggregating $30000 over a five-year period and will also be entitled to purchase (along with a finder) at $001 per warrant five-year warrants for the purchase of 15000 shares Warrants for 5000 shares are to be sold to company counsel

The company (formerly Dynatech Data Services Inc was organized in June 1969 it provides computerconsulting and programming services pr Lnc ipa Ll y related to clients advertising and marketing programsThe company also will operate a data processing service center and is negotiating facility managementcontracts pursuant to which it hopes to manage complete computer operations for potential clients Of the net proceeds of its stock sale the company will devote $200000 to the development and marketing of proprietary time-sharing programs and $300000 to the establishment of a data proceSSing service centerthe balance will be used for general corporate purposes including executive salaries In addition to indebtedness the company has outstanding 680000 common sr~res (with a 28C per share hook valoe) of which Milton Luftig president and board chairman owns 5737and RDR Associates Inc 3Rl7 lurchasers of the shares being registered will acquire an 18i stock interest in the company for their investment of $750000 present stockholders will then own 727 for which they invested $85000 (or $125 per sharraquo

NATIONAL COMPACTOR FILES FOR OFFERING National Compactor amp Technology Systems Inc bullbull 104 E 40th StNew York N Y 10016 filed a registration statement (File 2-36808) with the SEC on ~larch 27 seekingregistration of 100000 shares of common stock to be offered for public sale at $5 per share Th~ offertngis to he made through Emanuel Deetjen amp Co bullbull 120 Broadway N Y which will receive a COMMission of SOC pershare plus $25000 for expenses (of which $17500 were incurred in connection with 11 January 1970 of f o r inlaquo which was cancelled all monies being returned to investors when a proposed acquisition described in that offering was not completed)

The companv was organized in January 1961) in Fehruary 11)61)American Baler Machines Companv Inc oas merged into it Since then the company has heen enga~ed in deSigning manufactllring spllin~ and servicin waste d t spoaa l equipment and systems which include baling presses and compactors and aux t lt a rv enu i pme n t Of the net proceeds of the copany I s stock sa Le $65000 wi 11 he used to repav short term hank Loans used for workin~ capital $120()(l(I pav expenses incurred in c0nnection with the prior stockto (ffering $25000 to purchase machine tools and materials handling equipment and thehalance for general c0rporate purposesThe company has outstanding 311)990 common shares of which management officials o~m 776~ Steven E Berman is hoard chairman and Lawrence Duhow preSident Of the outstanding stock 2l9Q90 shares were issued for pavments amounting to $1199R~or 54C per llhare 90000 for stock of American Raler and 10000 as a partial down payment in connection with a proposed acquisition and forfeited when the proposedacquisition was not consummated Purchasers of the shares being registered will acouire a 231 stock interest in the company for their investment of $500000

roNDED PUNS amp PROGRAMS TO SELL STOQ Funded Plans amp Progr Inc bullbull 2500 Lemoine Ave Pt Lee NJ07024 filed a registration atateent (Pile 2~36784) with the SEC on March 27 seeking registration of100000 sbares of caaon stock to be offered for public sale at $6 per sbare The offering ia to be madeon a 55000 sbares or nothing beat efforts baais by Creat eoonwealth Securities Corp bullbull 12-45 River RoadFairlawn N J 07410 which will receive a 60e per share selling caission plus $18000 for expensea Thecapany bas agreed to aell tbe underwriter at Ie per warrant fivemiddotyear warranta to purchase up to 10000shares exercisable at $660 per sbare bull

Organized in June 1966 the copany is engaged in tbe sale of life and health insurance and in designingpension and profit sharing plans Of the net proceeda of its stock sale $100000 will be used to form a brOkermiddotdesler subsidiary and to provide for tbe capital needs thereof and $100000 will be applied toward acquisition of agencies engaged in the sale of insurance autual funds pension plans or similar operationsthe balance will be added to tbe capanys working capital and used for general corporate purposes The co-pany has outstanding 276000 camon sharea (with a 14e per sbare net tangible book value) of which Otto H Sbe~n board chai~n and president and Sauel H Beran vice president own 29~ each and Marvin D Schacbter vice chairan 38~ Purchasers of the sbares being registered will acquire a 266~ stock interest in tbe coapany for their investent of $600000 (they will sustain an iediate dilution of $463 in persbare book value fro tbe offering price) present sbareholders will then own 734~ for which they paid $35500 or l3cent per sbare

MAGNETICS INTEllNAn~L FILES FOR OrPEllING AND SECONDARY Magnetics International Inc 5400 Dunb_ Rd Maple Heights Ohio 44137 filed a reglstration stateaent (Flle 2middot36787) with the SEC on Harch 27 seekingregistration of 200000 sbares of c~ stock of whicb 150000 are to be offered for public sale by tbe capany and 50000 (being outstanding shares) by the present holders thereof The offerlng is to be de through underwriters headed by Hartzaark amp Cobullbull Inc bullbull 1000 E abio Bldg bullbull Cleveland Qhto 44114 which vill receive an 80e per share coaission The interest price ($10 per sbare xiu) is to supplied byU~

aaeDdaent The capany aDd selling shareholders have agreed to pay the Hartzaark fira $15000 for expensesand tbe capany bas agreed to sell it for $SO five-year warranta to purchase SOOO shares exercisable initially (after 11 aonths) at $10 per sbare

OVER

SEC HEWS DIGEST APRIL 3 1970 Page 5

DYNA DATA SERVICES TO SELL STOCK Dyna Data Services Inc 2 West 45th St New York N Y bullbull filed a registration statement (File 2-36H06) with the SEC en March 27 seeking registration of 150000 shares of common stock The shares are to be offered for public sale through underwriters headed by Arnold ilkensamp Co bullbull Inc bullbull 50 Broadway N Y the offering price ($5 per share maximum) and underwriting terms are to be supplied by amendment The underwriters will receive $20000 for expenses and the Arnold firm will receive financial consultation fees aggregating $30000 over a five-year period and will also be entitled to purchase (along with a finder) at $001 per warrant five-year warrants for the purchase of 15000 shares Warrants for 5000 shares are to be sold to company counsel

The company (formerly Dynatech Data Services Inc was organized in June 1969 it provides computerconsulting and programming services pr Lnc ipa Ll y related to clients advertising and marketing programsThe company also will operate a data processing service center and is negotiating facility managementcontracts pursuant to which it hopes to manage complete computer operations for potential clients Of the net proceeds of its stock sale the company will devote $200000 to the development and marketing of proprietary time-sharing programs and $300000 to the establishment of a data proceSSing service centerthe balance will be used for general corporate purposes including executive salaries In addition to indebtedness the company has outstanding 680000 common sr~res (with a 28C per share hook valoe) of which Milton Luftig president and board chairman owns 5737and RDR Associates Inc 3Rl7 lurchasers of the shares being registered will acquire an 18i stock interest in the company for their investment of $750000 present stockholders will then own 727 for which they invested $85000 (or $125 per sharraquo

NATIONAL COMPACTOR FILES FOR OFFERING National Compactor amp Technology Systems Inc bullbull 104 E 40th StNew York N Y 10016 filed a registration statement (File 2-36808) with the SEC on ~larch 27 seekingregistration of 100000 shares of common stock to be offered for public sale at $5 per share Th~ offertngis to he made through Emanuel Deetjen amp Co bullbull 120 Broadway N Y which will receive a COMMission of SOC pershare plus $25000 for expenses (of which $17500 were incurred in connection with 11 January 1970 of f o r inlaquo which was cancelled all monies being returned to investors when a proposed acquisition described in that offering was not completed)

The companv was organized in January 1961) in Fehruary 11)61)American Baler Machines Companv Inc oas merged into it Since then the company has heen enga~ed in deSigning manufactllring spllin~ and servicin waste d t spoaa l equipment and systems which include baling presses and compactors and aux t lt a rv enu i pme n t Of the net proceeds of the copany I s stock sa Le $65000 wi 11 he used to repav short term hank Loans used for workin~ capital $120()(l(I pav expenses incurred in c0nnection with the prior stockto (ffering $25000 to purchase machine tools and materials handling equipment and thehalance for general c0rporate purposesThe company has outstanding 311)990 common shares of which management officials o~m 776~ Steven E Berman is hoard chairman and Lawrence Duhow preSident Of the outstanding stock 2l9Q90 shares were issued for pavments amounting to $1199R~or 54C per llhare 90000 for stock of American Raler and 10000 as a partial down payment in connection with a proposed acquisition and forfeited when the proposedacquisition was not consummated Purchasers of the shares being registered will acouire a 231 stock interest in the company for their investment of $500000

roNDED PUNS amp PROGRAMS TO SELL STOQ Funded Plans amp Progr Inc bullbull 2500 Lemoine Ave Pt Lee NJ07024 filed a registration atateent (Pile 2~36784) with the SEC on March 27 seeking registration of100000 sbares of caaon stock to be offered for public sale at $6 per sbare The offering ia to be madeon a 55000 sbares or nothing beat efforts baais by Creat eoonwealth Securities Corp bullbull 12-45 River RoadFairlawn N J 07410 which will receive a 60e per share selling caission plus $18000 for expensea Thecapany bas agreed to aell tbe underwriter at Ie per warrant fivemiddotyear warranta to purchase up to 10000shares exercisable at $660 per sbare bull

Organized in June 1966 the copany is engaged in tbe sale of life and health insurance and in designingpension and profit sharing plans Of the net proceeda of its stock sale $100000 will be used to form a brOkermiddotdesler subsidiary and to provide for tbe capital needs thereof and $100000 will be applied toward acquisition of agencies engaged in the sale of insurance autual funds pension plans or similar operationsthe balance will be added to tbe capanys working capital and used for general corporate purposes The co-pany has outstanding 276000 camon sharea (with a 14e per sbare net tangible book value) of which Otto H Sbe~n board chai~n and president and Sauel H Beran vice president own 29~ each and Marvin D Schacbter vice chairan 38~ Purchasers of the sbares being registered will acquire a 266~ stock interest in tbe coapany for their investent of $600000 (they will sustain an iediate dilution of $463 in persbare book value fro tbe offering price) present sbareholders will then own 734~ for which they paid $35500 or l3cent per sbare

MAGNETICS INTEllNAn~L FILES FOR OrPEllING AND SECONDARY Magnetics International Inc 5400 Dunb_ Rd Maple Heights Ohio 44137 filed a reglstration stateaent (Flle 2middot36787) with the SEC on Harch 27 seekingregistration of 200000 sbares of c~ stock of whicb 150000 are to be offered for public sale by tbe capany and 50000 (being outstanding shares) by the present holders thereof The offerlng is to be de through underwriters headed by Hartzaark amp Cobullbull Inc bullbull 1000 E abio Bldg bullbull Cleveland Qhto 44114 which vill receive an 80e per share coaission The interest price ($10 per sbare xiu) is to supplied byU~

aaeDdaent The capany aDd selling shareholders have agreed to pay the Hartzaark fira $15000 for expensesand tbe capany bas agreed to sell it for $SO five-year warranta to purchase SOOO shares exercisable initially (after 11 aonths) at $10 per sbare

OVER

sac alWS DIGEST APRIL 3 1970 6

Ora-ia lD 1969 tbe cClllpoy _quired ita buai f~ tler AltiOD IDteraatloaal lac whicb baa b lD oprtiOD aiaee 1917 It 18 lD tb i __ factur aad dlatrlbutiOD of i t 101i tic force bullbull priaeipll otor t aDd tic baadliaa equit Of tb Dt procedof ita ale of addltloaal tock $650000 111 b u to reduce tb cCIIIp_ baDIt l ebt iDcurred partilly to fiDaDC tb purcbu of Butler AitiOD aad $200000 for tbbullbull Cqu1aitiOD of addit10aal equientaad tool1ag for tb productlOD of prIIUlut t otor tb bal_c 111 b added to th CCIIIpDY rl fUDda aad ued for rl corport purpoa iacludl po bullbullibl acquiitioaa th cCIIIpaDybaa outtaDdiag552000 CaoD bar bullbull (ltb a $191 per bar Dt taaaibl book alue) of vbicb Idward Richard pr idut 0VDa 283~ aDd t offlclal a aroup 348~ Purcbur of tb ahar bullbull belag reaitered 111 acquire a 28-l~ tock lDter bullbullt lD tbe cCIIIpaDyfor tblr l~t of $2000000 pr t tockbolder vlll tbea owe 7l-l2Iacqulred for totl of $723300

IIISCIlUBCJIIJS

DIUCfOampY OF UPORTIII CGlPAllIES The SEC toda aDDOUDC publ1caUOD of a dlrectory of cClllpul fUlDg ampDDual report ltb tb eot bullbullioa tb lit bi pr t alphabticall aDd cl ifl b iutry roup bullbull Th dlrectory coven 7445 cOIIpui fll1ag _1 reporta UDdr th SecurlU IxcbaDa Act of JUD 30 1969 Copl ar aYamp1leble f~ tbe SupedDt t of Doe~ta aoyeneraeat PrlDUDI Office WbiagtOD D C 20402 th price 1 $250 pr cop lD dditloa copi of th directory r ailable for public iaapectioa at tbe CeDtral Offlce aad tbe aegloaal aad iraacb Offlc of tb co1bullbull1OD

IMPORTAWf WOllCl MlDY requ t for copl of doc~U rferred to lD tb dall SEC Dla t be erroaeoualy been

directed to the Govenaeat Prlotiag Office Tbey bould be addr ed Public hfer c Sectioa Securitie a ExcbaDe eot loa Wubioltoa D C 20549 the reproductiOD cot 111 approxl te l2C per ple plus poeta bullbullbull for Ulag ithl0 four day bullbull to 25C per pase plu pot for overolabt 111ag Cot ti_tea iea oa requ e

UCl1ft JORK 8-1[ nLIWGS the cOllpampDi liated below bave fUed Por 8-1 rporU for tbe ootb indlcted rpoDCl1ol to tbe It_ of tbe For pecified io pareatb lbe captioaa of tbe It_ are follow

It_ 1 CbaDg io COntrol of Rea1tr_tIt_ 2 Acquiaition or Diapoaitioa of Asata It_ 3 1 procedi It_ 4 Cbaoa io Securitie bullbull It_ 5 CbaDa io Security for Reaitered Securiti IU 6 Default UpoD Senior Securlti It_ 7 Iocr ae io ~ot of Securlti OUttandi It_ 8 Deer e io Aount of Securitl OUtataDdlagIt_ 9_ Opti0ft8 to Purcbue Securiti It_ 10 Revaluatlon of Aet or atat __ t of Capitl Shar AccOUDt It_ 11 ~alOD of Matter to bull Vote of Security Bolder bullbull It_ 12 Otber Materilly ~tot RYeata It_ 13 Piaancl1 Stat __ tbullbull nd Exhlbit bullbull

Copi bullbull of tbe report y be purcbu fra the co1bullbulliOD Public Refreac Sectioa (pi lie Mev Di t Iape No io orderiog) Imroice vUl be iaeluded ltb tbe requeated tedl vb l1ed

81 Report for Feb 1970

Providence and Worcester Co Servo Corp of America

(3) 0-3960-2 lt7812) 1-3925middot2

Southwestern Bell Tel Teledyne Inc (11) 1-5212-2 Co (11) 1-2346-2 Texas American Oil Corp

SwanW Inc (13) 1-5354-2 (213) 0-1951-2

Te1edata Inc Trans-~acific Leasing Inc

(27913) 0-4088-2 (278913) 0-4250-2 Texas Instruments Inc 21 Brands Inc (111) 1-5218middot2

(13) 1-3761-2 Tiffany Ind Inc Peabody Gilion Corp

(2713) 0-4306-2 ( 1113) 1-3593-2 bull lerkin-Elmer Corp (12) 1-4389-2

Premier corp of America (3) 0-1629-2 Ranceo Inc (41113) 1-3988-2 Southwest Factories Inc Self ServiBe Restaurants Inc

(2712) 0-2961-2 (12) 2-30929-2 Vacco Ind (12) 0-2236-2Spencer PaCking Co (1113) 0-2035-2 NI Winston Corp(213) 0-1759-2

BF Saul Real Estate Invst The Walter Organization inc

Trust (11) 0-3356-2 i(7l3) 0-1043-2 The Plaza Group Inc (7) 1-4412-2

--SIC tmWS DlCZST APUL 3 1970 Paamiddot7

~an American World AirwaysInc (7)

~roviders Benefit Co (12)lrovincial House Inc (13)Safeco Corp (3)US Ind Inc (7)

terfect Film amp Chemical Corp(36)

Selilon Inc (7812)Trans-Beacon Corp (12)Western Hicrowave Lab Inc (1113)

~lastics Development Corp of America (213)

Quarterback Sports Federation Inc(23681012)

Susquehanna Corp (312)Utilities Leasing Corp

( 8)

Vornado Inc (8)Whale Jnc (213)

Reading ~ Bates Offshore Drilling Co (13)

Sorg ~rinting Co Inc (213)

Soundesign Corp (38)Sunair Electronics Jnc

( 12)Technology Inc (213)U S Home amp Development Corp

lt1213)United Security Life Co

(21213)Wards Co Inc (12) Willcox ~ Gibbs Inc

lt2713)

Lawrys Foods Inc Jan 1970 (1213)

Standard Computer Corp (2)Starr Broadcasting Group Inc

(213)Topas Computer Corp (7)Universal Business Hachines Inc ( 27 12 13)

tan-Alaska Fisheries Inc (1213)

Peoples Gas Co(1213)Peoples Gas Light amp Coke Co

(12)

Raygo Inc(41l13)Restaurant Associates Ind Inc

(1213)

Southern Securities Corp(6712)

DRS Systems Corp (12)United Board amp Carton Corp

(13)

Union Oil Of C1aif (3)US Peduction Co (3)

8K Report for Peb 1970

1-3532-2 ~enn Central Co(4713 1-6134-2

0-3647-2 Plastiline Inc (213) 0-2584-2

2-31353-2 Reco~nition Equipment Inc

0-332-2 (1l13 0-2038-2

1-3772-2 The Red Food Stores Inc (471213) 0-4012-2

Russell Aluminum Corp

1-2991- 2 (2713) 0-5890-2 Sea World Inc(9) 0-3702-2

1-1497-2 Springfield Gas Light Co

1-2342-2 C 11) 0-721-2

St Paul Ammonia ~roducts Inc

0-3392-2 (14781213) 0-1794-2

Textron Inc (3) 1-5480-2 US Financial (7) 0-3503-2

2-31508-2 Ward Cut-Rate Drug Co (1213) 0-4294-2

Potter Instrument Co Inc0-3271- 2 Cl2) 1-4813-21-5515-2 Ramada Inns Inc

0-4309-2 (71213) 1-~4O-2

1-5098-2 Robinson Furniture Co (812) 2-30355-2

1-4517-2 Schaevitz Engineering (6) 0-2696-2 Specialized Data Services

Corp (12) 2-33276-2 Vogt MFG Corp (7) 1-4883-21-5587-2 West Penn ~ower Co (7) 1-255-2

0-3982-2 West Indies Sugar Corp (213) 2-5136-2

1-5850-2 Wilson Sporting Goods Co (1) 1-5435-2

1-4334-2 Pacific Engineering troductionb

0-2901-2 Co Of Nevada (713) 0-4432-2

letroleum Exp Iorat ion e

1-5899-2 Development Fund Inc (12) 2-27791-2

Southern Discount Co (713) 0-4059-2

0-3819-2 White Motor Corp(713) 1-1363-2

1-5767-2 Responsi ve Env ironrncnt s Corp

1-5731-2 (3) 0-3103-2

Spiral Metal Co Inc (2713) 0-3367-2

0-2461-2 Stage Ind Inc (1213) 0-4324-22-32436-2 The Up john Co (312) 1-4147-2

2-31227-2 2-28605-2 Pennsylvania Real Estate

Investment Trllst(212l3) 1-63(10-2

0-3420-2 Piedmont Develop ~ Invest Corp (7) 0-3371-2

STV Inc (1113) 0-3415-2

0-1692-2 Tyler Corp (1113) 1-5409-2

1-5540-2 Winslow Te1e-Tronics Inc (1213) 1-6254-2

2-26983-2 0-3370-2 Holly Sugar Corp (1213) 1-27C-2

Knott Hotpl Corp (6) 1-1208-2

1-5722-2 Michigan B11 Te lephone Co 013) 1-3499-2

National Tape Corp0-1840-2 (479101113) 2-30319-2

1-6067-2 Ohio Bell Te1fphone Co (II) 2-24383-2

1-2772-3 Gfnera1 Foods Corp (12) 1-1354-2

1-554-2 Gould Inc (4713) 1-3278-2

1-5328-2 Hotel Corp of America (8) 1-3466-2 The Jasper Corp (2) 0-3279-2 Kayot Inc (12) 0-4240-2

ORa

DC DlGUf AftIL 3 1970 bull ta rot M 170

Hilo Electric Light Co LTD lt1713) 0-1716-2 General Host Corp(31113) 1-1066-2

Kaiser Ind Corp (2) 1-3340-2 Investors Diversified Services

Mercantile-Safe Deposit and Inc (12) 1-5226-2

Trust Co (12) 0-388-2 Kaufaan b Broad Inc

Northwest Bancorporation(13) 1~2979-2 (27 1013) 1-4618-2 Marathon Oil Co(7813) 1-451-2

Early amp Daniel Co (2) 1-548-2 Michilampn Se less Tube Co

Galaxy Oil Co (3) 0-4130-1 (1113) 1-5725-2

Hanes Corp (12) 1-5199-2 Sei10n Inc

Keystone Portland C~nt Co lt2111213) 1-1497-2

013) 0-895-2 Feb 6l June 67 Aug 67

Illinois Central RR Co amp Dec 67 amp Feb 68 (7) 1-1497-2

013) 1-2148-2 May 67 July 67 amp Oct 67

International Enery Co 01213) 1-1497-2

( 171213) 0-3728-2 Sept 67 012) 1-1497-2

Maine Sugar Ind Inc (36) 0-2426-2 Maremont Corp (4713) 1-4232-2 Gay Gibson Inc (11) 0-3379-2

Monsanto Co (12) 1-2516-2 Geon Ind Inc(2713) 2-32201-2

New York b Honduras Rosario Kraftco Corp (13) 1-1146-2

Mining Co (1113) 1-1189-2 Lynch Caaunications Systems

Omega Equities Corp (313) 0-188-2 Inc (1213) 0-399-2

Wolverine Pentronix Inc Manage_nt Information SYltema Inc (213) 2-30592-2(713) 0-3122-2 Hedford Corp(2713) 0-365-2 National Student MarketingInstrument Systems Corp Corp (2713) 0-3211-2(271113) 1-5643-2 Northern Indiana PublicLeeds Shoes Inc(78l2 0-2216-2 Service Co (13) 1-4L25-2Oklahoma Natural Gas Co

( 12) 1-2572-2 General Development CorpMavor Systems Corp (J712) 1-4080-2(2713) 2-32779-2 Gulf States Utilities CoMickelberrys Food Products 01213) 1-2703-2Co (3) 1-67-2 National Institue for Better

Green Mountain Power Corp Reading Inc (11) 2-29687-2

(473) 0-1111-2 General American Tranl- CHI Corp (1213) 1-5951-2portation Corp bull (8) 1-2328-2 Jan 1970 (1213) 1-5951-2Gondas Corp(71213) 2-29727-2 Hewlett-Packard CoIntercraft Ind Corp 01113) 1-4423-2lt1213) 2-34532-2 Nuclear Systems Inc (213) 2-31506-2Libby HcNeill amp Libby

(1113) 1-1922-2 Granite ~~nagement Services IncHcDonalds Inc lt3) 1-5231-2 01213) 1-5421-2Monarch Electronics Hississippi lower Co (1113) 0-393-2 International Inc (12) 1-5497-2

SECURITIES ACl REGISTRATIONS Effective AprU 2 Aut~ted Eavironental Syst_ Ioc bullbull 2-34807 (90 day) The Ballard amp Cordell Corp 2-34511 (40 day) CApital Iquipaeat Leasing Corp bullbull 2-36141 (90 day) caterpillar Tractor Co 2-36689 aDd 2-36690 Dixilyn Corp 2-36507 (40 days) Esterline Corp bullbull 2-36312 (40 day) Ron Industrie Inc 2-36285 (40 days) King Mountain Corp bullbull 2-34768 (90 days) The Learning Alds Group Inc 2-33565 (90 days) Oabans Sporting Gooda Ioc 2-36084 (90 day) Portland Geoeral Electric Co 2-36560 (40 day) Reliance Electric Co 2-36452 Sun Electric Corp2-36283 (40 days) Teradyne Inc 2-36432 (90 days) WalDer Mlnina Iquiat Inc 2-36383 (90 day)

MarE TO DEALERS The period of ti_ dealers are required to use the propect s in tradinl transactions ibullbull hown above in parenthelel after the name of the issuer

As estiaated for purposes of computing the registration fee

---0000000---

DC DlGUf AftIL 3 1970 bull ta rot M 170

Hilo Electric Light Co LTD lt1713) 0-1716-2 General Host Corp(31113) 1-1066-2

Kaiser Ind Corp (2) 1-3340-2 Investors Diversified Services

Mercantile-Safe Deposit and Inc (12) 1-5226-2

Trust Co (12) 0-388-2 Kaufaan b Broad Inc

Northwest Bancorporation(13) 1~2979-2 (27 1013) 1-4618-2 Marathon Oil Co(7813) 1-451-2

Early amp Daniel Co (2) 1-548-2 Michilampn Se less Tube Co

Galaxy Oil Co (3) 0-4130-1 (1113) 1-5725-2

Hanes Corp (12) 1-5199-2 Sei10n Inc

Keystone Portland C~nt Co lt2111213) 1-1497-2

013) 0-895-2 Feb 6l June 67 Aug 67

Illinois Central RR Co amp Dec 67 amp Feb 68 (7) 1-1497-2

013) 1-2148-2 May 67 July 67 amp Oct 67

International Enery Co 01213) 1-1497-2

( 171213) 0-3728-2 Sept 67 012) 1-1497-2

Maine Sugar Ind Inc (36) 0-2426-2 Maremont Corp (4713) 1-4232-2 Gay Gibson Inc (11) 0-3379-2

Monsanto Co (12) 1-2516-2 Geon Ind Inc(2713) 2-32201-2

New York b Honduras Rosario Kraftco Corp (13) 1-1146-2

Mining Co (1113) 1-1189-2 Lynch Caaunications Systems

Omega Equities Corp (313) 0-188-2 Inc (1213) 0-399-2

Wolverine Pentronix Inc Manage_nt Information SYltema Inc (213) 2-30592-2(713) 0-3122-2 Hedford Corp(2713) 0-365-2 National Student MarketingInstrument Systems Corp Corp (2713) 0-3211-2(271113) 1-5643-2 Northern Indiana PublicLeeds Shoes Inc(78l2 0-2216-2 Service Co (13) 1-4L25-2Oklahoma Natural Gas Co

( 12) 1-2572-2 General Development CorpMavor Systems Corp (J712) 1-4080-2(2713) 2-32779-2 Gulf States Utilities CoMickelberrys Food Products 01213) 1-2703-2Co (3) 1-67-2 National Institue for Better

Green Mountain Power Corp Reading Inc (11) 2-29687-2

(473) 0-1111-2 General American Tranl- CHI Corp (1213) 1-5951-2portation Corp bull (8) 1-2328-2 Jan 1970 (1213) 1-5951-2Gondas Corp(71213) 2-29727-2 Hewlett-Packard CoIntercraft Ind Corp 01113) 1-4423-2lt1213) 2-34532-2 Nuclear Systems Inc (213) 2-31506-2Libby HcNeill amp Libby

(1113) 1-1922-2 Granite ~~nagement Services IncHcDonalds Inc lt3) 1-5231-2 01213) 1-5421-2Monarch Electronics Hississippi lower Co (1113) 0-393-2 International Inc (12) 1-5497-2

SECURITIES ACl REGISTRATIONS Effective AprU 2 Aut~ted Eavironental Syst_ Ioc bullbull 2-34807 (90 day) The Ballard amp Cordell Corp 2-34511 (40 day) CApital Iquipaeat Leasing Corp bullbull 2-36141 (90 day) caterpillar Tractor Co 2-36689 aDd 2-36690 Dixilyn Corp 2-36507 (40 days) Esterline Corp bullbull 2-36312 (40 day) Ron Industrie Inc 2-36285 (40 days) King Mountain Corp bullbull 2-34768 (90 days) The Learning Alds Group Inc 2-33565 (90 days) Oabans Sporting Gooda Ioc 2-36084 (90 day) Portland Geoeral Electric Co 2-36560 (40 day) Reliance Electric Co 2-36452 Sun Electric Corp2-36283 (40 days) Teradyne Inc 2-36432 (90 days) WalDer Mlnina Iquiat Inc 2-36383 (90 day)

MarE TO DEALERS The period of ti_ dealers are required to use the propect s in tradinl transactions ibullbull hown above in parenthelel after the name of the issuer

As estiaated for purposes of computing the registration fee

---0000000---