sec news digest, 12-19-1994 · 2 news digest, december 19, 1994. to the investors of working...

12
sec news·di ..... est Issue 94-240 December 19, 1994 COMMISSION ANNOUNCEMENT SEC INFORMATION LINE UPGRADED The SEC Information Line provides general information for investors about the Commission, registration information for participants in the securities industry, and information for users of the Commission's electronic filing system, EDGAR. The information line system was upgraded on Friday, December 16, 1994. The information line now provides voice responses (Audio Text) to information requests and information via facsimile (FAX-on-Demand). The telephone number for the information line, (202)942-8088 remains unchanged. The new system is easy to use. Just follow the prompts. Access to the employee locator service, the publications unit, and the operator will continue to be available. Callers will be presented with menus and will make their selections by pressing single digits on their telephone keypads. A caller will need to make a maximum of 4 selections by pressing single keys to hear the desired Audio Text selection. The FAX-on-Demand library contains texts of the various voice response selections and copies of frequently requested forms. A list of documents in the library can be accessed by calling the information line from your facsimile machine. Users of the FAX-on-Demand service are encouraged to obtain a list of available documents every 2 to 3 months as new documents and forms will continue to be added and infrequently requested documents and forms deleted. ENFORCEMENT PROCEEDINGS ADMINISTRATIVE PROCEEDINGS AGAINST CONSOLIDATED INVESTMENT SERVICES, INC., NORMAN ROUNDS AND JAMES FAINTER Administrative Law Judge Glenn Robert Lawrence imposed sanctions on a broker-dealer and two of its principals in the matter of Consolidated Investment Services, Inc., Norman P. Rounds and James L. Fainter

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Page 1: SEC News Digest, 12-19-1994 · 2 NEWS DIGEST, December 19, 1994. to the investors of working interests in wells drilled by Blackford Energy ... without admitting or denying the allegations

sec news·di .....estIssue 94-240 December 19, 1994

COMMISSION ANNOUNCEMENT

SEC INFORMATION LINE UPGRADED

The SEC Information Line provides general information for investors about the Commission, registration information for participants in the securities industry, and information for users of the Commission's electronic filing system, EDGAR. The information line system was upgraded on Friday, December 16, 1994. The information line now provides voice responses (Audio Text) to information requests and information via facsimile (FAX-on-Demand). The telephone number for the information line, (202)942-8088 remains unchanged.

The new system is easy to use. Just follow the prompts. Access to the employee locator service, the publications unit, and the operator willcontinue to be available. Callers will be presented with menus and will make their selections by pressing single digits on their telephonekeypads. A caller will need to make a maximum of 4 selections bypressing single keys to hear the desired Audio Text selection.

The FAX-on-Demand library contains texts of the various voice responseselections and copies of frequently requested forms. A list of documents in the library can be accessed by calling the information linefrom your facsimile machine. Users of the FAX-on-Demand service are encouraged to obtain a list of available documents every 2 to 3 months as new documents and forms will continue to be added and infrequentlyrequested documents and forms deleted.

ENFORCEMENT PROCEEDINGS

ADMINISTRATIVE PROCEEDINGS AGAINST CONSOLIDATED INVESTMENT SERVICES, INC., NORMAN ROUNDS AND JAMES FAINTER

Administrative Law Judge Glenn Robert Lawrence imposed sanctions on a broker-dealer and two of its principals in the matter of Consolidated Investment Services, Inc., Norman P. Rounds and James L. Fainter

Page 2: SEC News Digest, 12-19-1994 · 2 NEWS DIGEST, December 19, 1994. to the investors of working interests in wells drilled by Blackford Energy ... without admitting or denying the allegations

(Administrative Proceeding 3-8312). Judge Lawrence found tha. Consolidated Investment services, Inc. (CIS), a registered broker- . dealer based in Colorado, employed a registered representative named Theodore McCormick as an independent representative operating a one-man office in El Paso, Texas. During the time the respondents were responsible for supervising McCormick, the judge found McCormick engagedin a Ponzi scheme which defrauded investors of $2.3 million and violated the antifraud provisions of the federal securities laws. Based on a lack of adequate supervisory procedures and practices, and given the numerous red flags which apparently could have been detected duringMcCormick's employment, Judge Lawrence concluded that James Fainter,Norman Rounds and their firm, CIS, failed to reasonably superviseMcCormick under section 15(b) of the Securities Exchange Act of 1934. (Initial Decision Rel. 59)

COMMISSION LETTER SUBMITTED TO DISTRICT COURT ON INADEQUACY OF CLASS ACTIONCOMPLAINT

Pursuant to Commission authorization, a letter from the General Counsel of the Commission to the defendants in Frank v. Cooper Industries, Inc.,Civil Action No. H-94-0280 (S.D. Tex.) has been submitted to the district court in connection with the defendants' motion to dismiss the complaint for failure to state a claim. Plaintiffs in this class action lawsuit allege that defendants committed securities fraud in violation of commission Rule 10b-5. The letter expressed the Commission's views that the complaint as formulated did not adequately plead such essentia matters as the nature and extent of the negative information t~ defendants were alleged to have failed to disclose or the time when the alleged negative events occurred. The commission concluded that, while it took no position on the underlying facts of the case or on whether any fraud may have occurred, a complaint that is as vague and unenlightening as the one in this action, as presently stated, is not,in the Commission's view adequately pleaded and that it is not in the best interest of investors to allow an action based on this complaintto proceed.

The letter is the first instance in which the Commission has acted pursuant to a newly established aspect of its amicus curiae participation in private litigation -- participation in order to assist the courts in dealing with problems that arise primarily at the district court level in class actions and other cases under the securities laws. [Frank V. Cooper Industries, Inc., Civil Action No. H-94-0280, S.D. Tex.] (LR-14356)

PERMANENT INJUNCTION ENTERED AGAINST BLACKFORD ENERGY COMPANY, RODNEY BLACKFORD, AND THOMAS CHERRY

The Commission announced that on November 29, the Honorable J. Thomas Greene, U.S. District Court Judge, District of Utah, entered an order permanently enj oining Blackford Energy Company and Rodney Blackford from further violations of Sections 5 and 17 (a) of the Securities Act,section 10(b) of the Exchange Act, and Rule 10b-5 thereunder. The order also requires the paYment of funds to creditors, the distribution ~ funds to the investors of Blackford Energy Company, and the assignme~

NEWS DIGEST, December 19, 1994 2

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to the investors of working interests in wells drilled by Blackford Energy Company in Montana. On October 17, Thomas T. Cherry, a co-defendant, was enj oined from further violations of the antifraud provisions of the federal securities laws.

All defendants consented to the injunctions and other relief without admitting or denying the allegations contained in the Commission's complaint. As to all three defendants, disgorgement was ordered but payment of disgorgement waived based upon a demonstrated inability to pay. Likewise, although the appropriateness of civil penalties was noted, such penalties were not imposed based upon the defendants' financial condition. [SEC v. Blackford Energy Company, Rodney Blackford and Thomas T. Cherry, U.S.D.C. UT, civil Action No. 94-C-269G] (LR-14357)

FINAL JUDGMENTS OF PERMANENT INJUNCTION AND OTHER RELIEF AS TO STEINHARDT MANAGEMENT COMPANY, INC. AND CAXTON CORPORATION

The Commission has filed a complaint in the federal court in Manhattan against steinhardt Management Company, Inc. (SMC) and caxton Corporation(Caxton). Simultaneously with the filing of the complaint, SMC and Caxton consented, without admitting or denying the allegations of the complaint, to the entry of Final Judgments of Permanent Injunction. SMC and Caxton also entered into settlement agreements to resolve a civil action brought by the u.s. Department of Justice alleging antitrust law violations.

The complaint alleges that from May 23, 1991 though mid-September 1991,SMC and Caxton manipulated the market for the two-year united states Treasury notes auctioned in April 1991 in violation of the antifraud provisions of the Securities Act and the Exchange Act.

The proposed Final Judgments and antitrust settlements require that SMC and Caxton pay a total of $76 million, of which $41 million shall be paid as civil penalties and civil asset forfeitures and $35 million shall be paid as disgorgement. The proposed Final Judgments and antitrust settlements require that SMC pay a total of $40 million and Caxton pay a total of $36 million. The Final Judgment as to SMC requires that SMC pay $6.5 million as a civil penalty and $21 million as disgorgement. The Final Judgment as to Caxton requires that Caxton pay $9.5 million as a civil penalty and $14 million as disgorgement.The Justice Department settlement agreements require that caxton and steinhardt each pay $12.5 million as civil asset forfeitures. [SEC v.

United States District Court for the District of Columbia against Eutro

steinhardt Management Company, Inc. SDNY., 94-civ 9040, RPP] (LR-14358)

and caxton Corporation, U.S.D.C.,

EUTRO GROUP HOLDING, INC., CONSENTS TO INJUNCTION

The Commission announced that it filed a complaint on December 16 in the

Group Holding, Inc. (Eutro), of Jupiter, Florida. The Commission in its complaint seeks to compel Eutro to file its delinquent periodic reportsand to enjoin Eutro from further violations of Section 13(a) of the Securities Exchange Act and Rules 12b-25, 13a-1 and 13a-13 thereunder. Simultaneously with the filing of the Commission's complaint, Eutro

NEWS DIGEST, December 19, 1994 3

Page 4: SEC News Digest, 12-19-1994 · 2 NEWS DIGEST, December 19, 1994. to the investors of working interests in wells drilled by Blackford Energy ... without admitting or denying the allegations

consented to the entry of a Final Judgment of Permanent Injunction. I:.,6its consent, Eutro admitted that it had failed to file its three mos~ recent Annual Reports for its fiscal years ended September 31, 1991 through 1993, and three Quarterly Reports, filed late five QuarterlyReports and failed to file eight Notifications of Late Filing. [SEC v. Eutro Group Holding, Inc., civil Action No. 94-CV02701, Sullivan,D.D.C.,] (LR-14359)

INVESTMENT COMPANY ACT RELEASES

THE CHARLES ALLMON TRUST

A notice has been issued g1v1ng interested persons until January 9,1995, to request a hearing on an application by The Charles Allmon Trust, Inc. (the Trust) and Liberty Asset Management Company (theManager) for a conditional order under section 6(c) of the Act grantinga limited exemption from section 15 (a) of the Act. The requested order would let the Trust and the Manager change or add sub-advisers, or continue the services of a sub-adviser following an assignment of its sub-advisory agreement, and delay shareholder approval of the new sub-advisory agreements with such sub-advisers until the Trust I s next annual meeting of shareholders. (ReI. IC-20772 - December 15)

AID ASSOCIATION FOR LUTHERANS

An order has been issued exempting Aid Association for Lutherans (AAL) , AAL Variable Annuity Account I (the Account), any other separate account established by AAL in the future to support certain variable annuitycontracts issued by AAL (Other Account) and AAL Capital ManagementCorporation from the provisions of Sections 26(a) (2) (C) and 27(c) (2) of the Investment Company Act to the extent necessary to permit the deduction of a mortality and expense risk charge from the assets of the Account in connection with the offering of certain variable annuitycertificates issued by AAL through the Account (the Account Certificates) and the assets of the Account and of any Other Account,in connection with the future offering of variable annuity contracts issued by AAL through the Account or any other Account, respectively,which contracts are substantially similar in all material respects to the Account certificates. (ReI. IC-20773 - December 15)

WOOD ISLAND TOTAL RETURN FUND

A notice has been issued giving interested persons until January 9, 1995 to request a hearing on an application filed by Wood Island Total Return Fund, Inc. for an order under Section 8 (f) of the Investment Company Act declaring that applicant has ceased to be an investment company. (ReI.IC-20774 - December 15)

4 NEWS DIGEST, December 19, 1994

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.ORTHWESTERN MUTUAL INDEX 500 STOCK FUND

An order has been issued under section 8(f} of the Investment CompanyAct declaring'that the Northwestern Mutual Index 500 Stock Fund, Inc. has ceased to be an investment company. (ReI. IC-20775 - December 15)

NORTHWESTERN MUTUAL AGGRESSIVE GROWTH STOCK FUND

An order has been issued under Section 8Cf) of the Investment CompanyAct declaring that the Northwestern Mutual Aggressive Growth Stock Fund,Inc. has ceased to be an investment company. (ReI. IC- 20776 - December IS)

NORTHWESTERN MUTUAL INTERNATIONAL EQUITY FUND

An order has been issued under Section 8(f} of the Investment CompanyAct declaring that Northwestern Mutual International Equity Fund, Inc. has ceased to be an investment company. (ReI. IC-20777 - December 15)

NORTHWESTERN MUTUAL CAPITAL APPRECIATION STOCK FUND

An order has been issued under section 8(f} of the Investment CompanyAct declaring that Northwestern Mutual capital Appreciation Stock Fund,Inc. has ceased to be an investment company. (ReI. IC-20778 - December IS)

,d'ORTHWESTERN MUTUAL MONEY MARKET FUND

An order has been issued under Section 8(f} of the Investment CompanyAct declaring that Northwestern Mutual Money Market Fund, Inc. has ceased to be an investment company. (ReI. IC-20779 - December 15)

NORTHWESTERN MUTUAL BALANCED FUND

An order has been issued under Section 8Cf} of the Investment CompanyAct declaring that Northwestern Mutual Balance Fund, Inc. has ceased to be an investment company. ReI. IC-20780 - December IS}

NORTHWESTERN MUTUAL SELECT BOND FUND

An order has been issued under section 8(f} of the Investment CompanyAct declaring that Northwestern Mutual Select Bond Fund, Inc. has ceased to be an investment company. (ReI. IC-20781 - December IS)

NEWS DIGEST, December 19, 1994 5

Page 6: SEC News Digest, 12-19-1994 · 2 NEWS DIGEST, December 19, 1994. to the investors of working interests in wells drilled by Blackford Energy ... without admitting or denying the allegations

---------------------------------------------------- ..HOLDING COMPANY ACT RELEASE

ALABAMA POWER COMPANY

An order has been issued authorizing a proposal by Alabama Power Company(Alabama), Georgia Power Company (Georgia), Gulf Power Company (Gulf),

Mississippi Power Company (Mississippi), and Savannah Electric and Power Company (Savannah) (collectively, Operating Companies), electric publicutility subsidiary companies of The Southern Company, a registeredholding company, whereby each Operating Company will, among other thingsand subject to a reservation of jurisdiction, borrow money from and make equity capital contributions to newly organized subsidiaries formed solely to issue and sell preferred securities for Alabama, Georgia,Gulf, Mississippi and Savannah in respective aggregate amounts of $175 million, $300 million, $15 million, $15 million and $10 million, throughDecember 31, 1997. The Commission has reserved jurisdiction over all matters except those relating to the sale of $100 million of preferredsecurities for Georgia. (ReI. 35-26187)

SELF-REGULATORY ORGANIZATIONS

NOTICE OF FILING PROPOSED RULE CHANGE

Pursuant to Rule 19b-4 under the Securities Exchange Act, the American Stock Exchange (AMEX), Chicago Board Options Exchange (CBOE), Chicago Stock Exchange (CHX) , Municipal Securities Rulemaking Board (MSRB),National Association of Securities Dealers (NASD), New York Stock Exchange (NYSE), Pacific Stock Exchange (PSE), and Philadelphia Stock Exchange (PHLX), have filed with the commission proposed rule changes(SR-AMEX-94-59; SR-CBOE-94-49; SR-CHX-94-27; SR-MRSB-94-17; SR-NASD-94-72; SR-NYSE-94-43; SR-PSE-94-35; and SR-PHLX-94-52) relating to a continuing education requirement for registered persons. Publication of the notice is expected in the Federal Register during the week of December 26. (ReI. 34-35102)

APPROVAL OF PROPOSED RULE CHANGE

The Commission approved a proposed rule change submitted under Rule 19b-4 by the New York Stock Exchange (SR-NYSE-94-10) to amend Rule 127 on Block Positioning and Rule 72(b) on clean agency crosses. (ReI. 34-35103)

6 NEWS DIGEST, December 19, 1994

Page 7: SEC News Digest, 12-19-1994 · 2 NEWS DIGEST, December 19, 1994. to the investors of working interests in wells drilled by Blackford Energy ... without admitting or denying the allegations

SECURITIES ACT REGISTRATIONS

The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor(if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue.

S-3 UNITED CITIES GAS CO, 5300 MARYLAND ~AY, BRENTWOOD, TN 37027 (615) 373-0104 - 1,070,000 ($16,852,500) COMMON STOCK. (FILE 33-56799 -DEC_ 09) (BR. 8)

S-4 AMERICAN PREMIER GROUP INC, ONE EAST FOURTH STREET, CINCINNATI, OH 45202 (513) 579-6600 - 57,563,387 ($988,687,012) COMMON STOCK. (FILE 33-56813 -DEC. 12) (NE~ ISSUE)

S-4 HUBCO INC, 3100 BERGENLINE AVE, UNION CITY, NJ 07087 (201) 348-2300 -615,339 ($21,690,700) COMMON STOCK. (FILE 33-56817 - DEC. 12) (BR. 1)

S-1 FARMLAND INDUSTRIES INC, 3315 N OAK TRAFFI~AY, KANSAS CITY, MO 64116 (816) 459-6000 - 141,500,000 ($141,500,000) STRAIGHT BONDS. (FILE33-56821 - DEC. 12) (BR. 4)

S-4 fIRST FINANCIAL CORP I~I/, 1305 MAIN ST, STEVENS POINT, ~I 54481 (715) 341-0400 - 5,500,000 ($61,477,812.75) COMMON STOCK. (FILE 33-56823 -DEC. 12) (BR. 2)

SB-2 OMNI MULTIMEDIA GROUP INC, 50 H~ AVE, MILLBURY, MA 02127 (508) 865-4451 - 1,092,500 ($6,555,000) COMMON STOCK. 1 ($95)~ARRANTS, OPTIONS OR RIGHTS. 95,000 ($741,000) COMMON STOCK. UNDER~ITER:SCHNEIDER SECURITIES INC. (FILE 33-87038-NY - DEC. 06) (BR. 9 - NE~ ISSUE)

F-9 LAIDLA~ INC, 3221 N SERVICE RD, BURLINGTON ONTARIO L7R 3Y8, A6 00000 (905) 336-1800 - 400,000,000 ($400,000,000)fOREIGN GOVERNMENT AND AGENCY DEBT. UNDER~ITER: CITICORP SECURITIES INC,GOLDMAN SACHS & CO, MERRILL LYNCH & co. (FILE 33-87042 - DEC. 06) (BR. 8)

S-8 FIRSTFEDERAL FINANCIAL SERVICES CORP, 135 E LIBERTY ST, WOOSTER, OH44691 (216) 264-8001 - 100,000 ($2,016,000) COMMON STOCK. (FILE 33-87046 -DEC_ 06) (BR. 1)

S-8 MEDIA ARTS GROUP INC, TEN ALMADEN BLVD, 9TH FL, SAN JOSE, CA 95113 (408) 947-4680 - 850,000 ($5,002,980) COMMON STOCK. (FILE 33-87090 -DEC. 06) (BR. 6)

S-8 NUOASIS GAMING INC, 2 PARK PLAZA STE 470, IRVINE, CA 92714 (714) 553-3270 - 4,125,000 ($374,000) COMMON STOCK. (FILE 33-87102 -DEC. 07) (BR. 5)

S-8 NEORX CORP, 410 ~ HARRISON ST, SEATTLE, ~ 98119 (206) 281-7001 -2,800,000 ($15,575,000) COMMON STOCK. (FILE 33-87108 - DEC. 07) (BR. 4)

S-8 BEARD CO 10K, 5600 N MAY AVE, ENTERPRISE PLAZA SUITE 290, OKLAHOMA CITY,OK 73112 (405) 842-2333 - 175,000 ($306,250) COMMON STOCK. (FILE 33-87110- DEC. 07) (BR. 4)

NEWS DIGEST, December 19, 1994 7

Page 8: SEC News Digest, 12-19-1994 · 2 NEWS DIGEST, December 19, 1994. to the investors of working interests in wells drilled by Blackford Energy ... without admitting or denying the allegations

REGISTRATIONS CONT.

S-8 MAXXIM MEDICAL INC, 104 INDUSTRIAL BLVD, SUGAR LAND, TX 77478 (713) 240-5588 - 654,800 (S7,365,200) COMMON STOCK. (FILE 33-87112 -DEC. 07) (BR. 8)

S-8 COVENTRY CORP, 53 CENTURY BLVD STE 250, NASHVILLE, TN 37214 (615) 391-2440 - 146,030 (S551,993.40) COMMON STOCK. (FILE 33-87114 -DEC. 07) (BR. 6)

S-8 GLOBAL CASINOS INC, 1777 S HARRISON, SKY DECK, DENVER, CO 80210 (303) 756-3777 - 62,500 ($62.50) COMMON STOCK. (FILE 33-87118 - DEC. 08)(BR. 12)

S-3 CELEX GROUP INC, 919 SPRINGER DR, LOMBARD, IL 60148 (708) 953-8440 -1,213,217 (S25,477,557) COMMON STOCK. (FILE 33-87120 - DEC. 08) (BR. 2)

S-8 GLASGAL COMMUNICATIONS INC, 151 VETERANS DRIVE, NORTHVALE, NJ 07647 (201) 768-8082 - 1,996,499 (S1,726,232.25) COMMON STOCK. (FILE 33-87122 -DEC. 08) (BR. 9)

5-8 MAR CORP INC, PO BOX 721, SOUTHPORT, CT 06490 (203) 255-3721 - 1,000,000(S10,000,000) COMMON STOCK. (FILE 33-87124 - DEC. 08) (BR. 4)

S-3 SCHEIB EARL INC, 8737 WILSHIRE BLVD, BEVERLY HILLS, CA 90211 (310) 652-4880 - 1,604,684 (S9,026,347.50) COMMON STOCK. (FILE 33-87126 -DEC. 08) (BR. 4)

S-8 SCHEIB EARL INC, 8737 WILSHIRE BLVD, BEVERLY HILLS, CA 90211 (310) 652-4880 - 300,000 (S1,687,500) COMMON STOCK. (FILE 33-87128 -DEC. 08) (BR. 4)

S-8 SCHEIB EARL INC, 8737 WILSHIRE BLVD, BEVERLY HILLS, CA 90211 (310) 652-4880 - 100,000 (S562,500) COMMON STOCK. (FILE 33-87130 -DEC. 08) (BR. 4)

S-8 SCHEIB EARL INC, 8737 WILSHIRE BLVD, BEVERLY HILLS, CA 90211 (310) 652-4880 - 400,000 (S2,250,000) COMMON STOCK. (FILE 33-87132 -DEC. 08) (BR. 4)

SB-2 FARMSTEAD TELEPHONE GROUP INC, 81 CHURCH ST, EAST HARTFORD, CT 06108 (203) 282-0010 - 1,000,000 (S625,000) COMMON STOCK. (FILE 33-87134 -DEC. 08) (BR. 3)

F-6 PREMIER GROUP LTD, 48 WALL ST, C/O BANK OF NEW YORK, NEW YORK, NY 10286 (212) 495-1727 - 25,000,000 (S1,250,000)DEPOSITARY RECEIPTS FOR COMMON STOCK. (FILE 33-87136 - DEC. 08) (BR. 99- NEW ISSUE)

S-8 GRAPHIX ZONE INC, 38 CORPORATE PARK SUITE 100, IRVINE, CA 92714 (714) 833-3838 - 778,770 (S2,422,039) COMMON STOCK. (FILE 33-87142 -DEC. 09) (BR. 10)

S-3 CANCER TREATMENT HOLDINGS INC, 4491 S STATE RD SEVEN, STE 200,FORT LAUDERDALE, FL 33314 (305) 321-9555 - 1,131,483 (S2,195,077.02)COMMON STOCK. (FILE 33-87160 - DEC. 07) (BR. 5)

S-3 TITAN WHEEL INTERNATIONAL INC, 2701 SPRUCE ST, QUINCY, IL 62301 (217) 228-6011 - 230,000 (S5,98O,000) COMMON STOCK. (FILE 33-87162 -DEC. 07) (BR. 6)

F-6 DRIEFONTEIN CONSOLIDATED LTD/ADR/, 60 WALL ST,C/O MORGAN GUARANTY TRUST CO OF NEW YORK, NEW YORK, NY 10260 (000) 000-0000- 50,000,000 (S2,500,000) DEPOSITARY RECEIPTS FOR COMMON STOCK. (FILE33-87166 - DEC. 07) (BR. 99)

8 NEWS DIGEST, December 19, 1994

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£GISTRATIONS CONT.

F-6 GOLD FIELDS OF SOUTH AFRICA LTD IADR/, 60 WALL STREET,COIMORGAN GUARANTY TRUST COMPANY, NEW YORK, NY 10260 (212) 648-3250 -50,000,000 ($2,500,000) DEPOSITARY RECEIPTS FOR COMMON STOCK. (FILE33-87168 - DEC. 07) (BR. 99)

F-6 DEELKRAAL GOLD MINING CO LTD/ADR/, 60 WALL ST, C/O MORGAN GUARANTY TRUST CO OF NEW YORK, NEW YORK, NY 10260 (212) 648-3250 - 50,000,000 ($2,500,000) DEPOSITARY RECEIPTS FOR COMMON STOCK. (FILE33-87170 - DEC. 07) (BR. 0)

F-6 KLOOF GOLD MINING CO LTD IADR/, 60 WALL STREET,C/O MORGAN GUARANTY TRUST CO OF NY, NEW YORK, NY 10260 (212) 552-1305 -50,000,000 ($2,500,000) DEPOSITARY RECEIPTS FOR COMMON STOCK. (FILE33-87172 - DEC. 07) (BR. 99)

S-1 PHYSICIAN COMPUTER NETWORK INC INJ, 10 INDUSTRIAL AVENUE,100 METRO PARK SOUTH, MAHWAH, NJ 07430 (201) 934-9333 - 5,750,000($33,781,250) COMMON STOCK. (FILE 33-87174 - DEC. 07) (BR. 9)

S-8 TF FINANCIAL CORP, 3 PENNS TRAIL, NEWTOWN, PA 18940 (215) 579-4000 -529,000 ($5,989,285) COMMON STOCK. (FILE 33-87176 - DEC. 07) (BR. 2)

S-8 TESSCO TECHNOLOGIES INC, 34 LOVETON CIRCLE, SPARKS, NO 21152 (410) 472-7000 - 701,250 ($7,039,091.25) COMMON STOCK. (FILE 33-87178 -DEC. 07) (BR. 3)

S-3 PENRIL DATACOMM NETWORKS INC, 1300 QUINCE ORCHARD BLVD, GAITHERSBURG, MD 20878 (301) 417-0552 - 50,000 ($121,875) COMMON STOCK. (FILE 33-87180 -DEC. 07) (BR. 9)

S-3 ALLIANCE ENTERTAINMENT CORP, 115 E 57TH ST, NEW YORK, NY 10022 (212) 750-2303 - 4,012,778 ($19,562,292.75) COMMON STOCK. (FILE 33-87182 -DEC. 07) (BR. 12)

S-4 PROPERTY TRUST OF AMERICA, 7777 MARKET CENTER AVE, EL PASO, TX 79912 (915) 877-3900 - 8,608,990 ($142,134,424.09)COMMON SHARES OF BENEFICIAL INTEREST. (FILE 33-87184 - DEC. 07) (BR. 5)

S-3 LEHMAN ABS CORP, 200 VESEY ST, THREE WORLD FINANCIAL CENTER, NEW YORK, NY 10285 (212) 298-5594 - 80,000,000 ($80,000,000) EQUIPMENT TRUST CERTIFICATES. UNDERWRITER: LEHMAN BROTHERS. (FILE33-87188 - DEC. 07) (BR. 12)

S-3 TRANSWORLD HOME HEALTHCARE INC, 11 SKYLINE DRIVE, HAWTHORNE, NY 10532 (914) 345-8880 - 228,146 ($2,922,550.26) COMMON STOCK. (FILE 33-87190 -DEC. 08) (BR. 5)

S-8 CONSOLIDATED GRAPHICS INC ITX/, 2210 W DALLAS ST, HOUSTON, TX 77019 (713) 529-4200 - 367,500 ($6,523,125) COMMON STOCK. (FILE 33-87192 -DEC. 08) (BR. 11)

5-8 J&L SPECIALTY STEEL INC, PO BOX 3373, ONE PPG PLACE, PITTSBURGH, PA 15230 (412) 338-1600 - 2,000,000 ($31,759,000) COMMON STOCK. (FILE33-87194 - DEC. 08) (BR. 6)

S-8 KIDDIE PRODUCTS INC, ONE KIDDIE DR, AVON, MA 02322 (508) 588-1220 -10,000 ($91,250) COMMON STOCK. (FILE 33-87196 - DEC. 08) (BR. 5)

5-3 GORMAN RUPP CO, 305 B~N ST, PO BOX 1217, MANSFIELD, OH 44901 (419) 755-1011 - 60,000 ($1,068,750) COMMON STOCK. (FILE 33-87198 -DEC_ 08) (SR. 9)

NEWS DIGEST, December 19, 1994 9

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REGISTRATIONS CONT.

SB-2 AMERICAN COMMUNICATIONS SERVICES INC. 600 HUNTER RD. STE 301. OAK BROOK. IL 60521 - 1.564.058 ($4.914.239.25) COMMON STOCK. (FILE 33-87200 -DEC. 08) (BR. 7 - NE~ ISSUE)

S-8 ARGO BAN CORP INC /DEI. 7600 ~ 63RD ST. SUMMIT. IL 60501 (708) 496-6010- 126.300 (S3.220.650) COMMON STOCK. (FILE 33-87202 - DEC. 08) (BR. 1)

S-8 COHO ENERGY INC. 14785 PRESTON RD. STE 860. DALLAS. TX 75240 (214) 991-9493 - 120.000 ($600.000) COMMON STOCK. (FILE 33-87204 -DEC. 08) (BR. 3)

S-8 COHO ENERGY INC. 14785 PRESTON RD. STE 860. DALLAS. TX 75240 (214) 991-9493 - 1.080.000 (S5.400.000) COMMON STOCK. (FILE 33-87206 -DEC. 08) (BR. 3)

S-8 NETWORK SIX INC. 475 KILVERT ST. ~AR~ICK. RI 02886 (401) 732-9000 -341.331 ($4.266.637.50) COMMON STOCK. (FILE 33-87208 - DEC. 08) (BR. 9)

F-1 AUSTRALIS INTERNATIONAL FINANCE LTD. 100 BUL~ARA RD.PYRMONT NE~ SOUTH ~ALES 2009. C3 (612) 325-7333 - 200.000.000(S200.000.000) FOREIGN GOVERNMENT AND AGENCY DEBT. UNDERWRITER:MERRILL LYNCH. (FILE 33-87210 - DEC_ 08) (BR. 8 - NE~ ISSUE)

S-1 PST VANS INC. 1901 ~ 2100 SOUTH, SALT LAKE CITY, UT 84119 (801) 975-2500- 2,415,000 (S38,640.000) COMMON STOCK. UNDERWRITER:BR~ ALEX & SONS INC, ~RTHEIM SCHRODER & CO INC. (FILE 33-87212 -DEC. 08) (BR. 4 - NE~ ISSUE)

F-1 CF CABLE TV INC, 405 OGILVY AVE, MONTREAL QUEBEC, A8 (514) 273-6311 -150,000.000 (S109,233.906) FOREIGN GOVERNMENT AND AGENCY DEBT. (FILE33-87214 - DEC. 08) (BR. 7 - NEW ISSUE)

S-3 LANDMARK GRAPHICS CORP. 15150 MEMORIAL DRIVE, HOUSTON. TX 77079 (713) 560-1000 - 413,911 (S7.657,353.50) COMMON STOCK. (FILE 33-87216 -DEC. 09) (BR. 9)

S-8 VENTRITEX INC, 701 EAST EVELYN AVE, SUNNYVALE, CA 94086 (408) 738-4883- 325,000 ($8,531.250) COMMON STOCK. (FILE 33-87218 - DEC. 09) (BR. 8)

S-8 GLYCOMED INC, 860 ATLANTIC AVE, ALAMEDA, CA 94501 (510) 523-5555 -133,336 ($452,175.71) COMMON STOCK. (FILE 33-87220 - DEC. 09) (BR. 4)

S-8 MICREL INC. 1849 FORTUNE DR, SAN JOSE. CA 95131 (408) 944-0800 -300,000 ($2,700,000) COMMON STOCK. (FILE 33-87222 - DEC. 09) (BR. 3)

S-3 PAGING NETWORK INC, 4965 PRESTON PARK BLVD STE 600, PLANO, TX 75093 (214) 985-4100 - 600,000.000 ($600,000,000) STRAIGHT BONDS. (FILE33-87224 - DEC. 09) (BR. 7)

S-8 COREL CORP. 1600 CARLING AVE, OTTAWA ONTARIO CANAD. A6 (613) 728-8200 -3.614.939 ($65,651.686.78) COMMON STOCK. (FILE 33-87226 - DEC. 09)(BR. 10)

S-1 COMMUNITY BANK SHARES OF INDIANA INC. 202 EAST SPRING ST, NEW ALBANY, IN47150 (812) 944-2224 - 2,064,258 (S17.765,350) COMMON STOCK. UNDERWRITER:TRIDENT SECURITIES INC. (FILE 33-87228 - DEC. 09) (BR. 2 - NE~ ISSUE)

S-4 PARK OHIO INDUSTRIES INC, 20600 CHAGRIN BLVD, 600 TOWER EAST. CLEVELAND.OH 44122 (216) 991-9700 - 4,292,886 ($56.344.128.75) COMMON STOCK. (FILE33-87230 - DEC. 09) (BR. 6)

10 NEWS DIGEST, December 19, 1994

Page 11: SEC News Digest, 12-19-1994 · 2 NEWS DIGEST, December 19, 1994. to the investors of working interests in wells drilled by Blackford Energy ... without admitting or denying the allegations

:GISTRATIONS CONT.

S-8 JUNO LIGHTING INC, 2001 S MT PROSPECT ROAD, PO BOX 5065, DES PLAINES, IL 60017 (708) 827-9880 - 600,000 ($10,875,000) COMMON STOCK. (FILE 33-87240 - DEC. 09) (BR. 3)

SB-2 SHARED TECHNOLOGIES CELLULAR INC, 100 GREAT MEADOW RD, ~THERSFIELD, CT 06109 (203) 258-2500 - 1,265,000 ($11,305,937) COMMON STOCK. 55,000WARRANTS, OPTIONS OR RIGHTS. 110,000 ($1,104,125) COMMON STOCK. (FILE33-87242 - DEC. 09) (BR. 7 - NEW ISsue)

S-8 CONSOLIDATED STAINLESS INC, 2170 W STATE RD 434, STE 330, LON~, FL32779 (407) 682-4999 - 206,750 ($1,421,406.25) COMMON STOCK. (FILE33-87246 - DEC. 09) (BR. 1)

S-4 NORTH~ST AIRLINES CORP, 2700 LONE OAK PARKWAY, EAGAN, MN 55121 (612) 726-2111 - 114,925,283 ($114,925,283) STRAIGHT BONDS. (FILE33-87250 - DEC. 09) (BR. 3)

S-1 NORTH~ST AIRLINES CORP, 2700 LONE OAK PARKWAY, EAGAN, MN 55121 (612) 726-2111 - 24,272,940 ($24,272,940) STRAIGHT BONDS. (FILE 33-87252 -DEC. 09) (BR. 3)

N-1A MANAGED ACCOUNTS SERVICES PORTFOLIO TRUST, 1285 AVENUE OF THE AMERICAS,NEW YORK, NY 10019 (212) 713-2000 - INDEFINITE SHARES. (FILE 33-87254 -DEC. 09) (BR. 16 - NEW ISSUE)

S-3 TRINET CORPORATE REALTY TRUST INC, FOUR EMBARCADERO CENTER, STE 3150,SAN FRANCISCO, CA 94111 (415) 391-4300 (FILE 33-87256 - DEC. 12) (BR. 6)

S-8 KITTY HAWK INC, 1515 WEST 20TH STREET, SECOND FLOOR,DALLAS/FORT WORTH INTERNATIONA, TX 75240 (214) 456-2200 - 739,000($1,744,040) COMMON STOCK. (FILE 33-87258 - DEC. 12) (BR. 3)

S-4 MACROMEDIA INC, 600 TOWNSEND ST, SAN FRANCISCO, CA 94103 (415) 252-2000- 4,275,000 ($2,595,327) COMMON STOCK. (FILE 33-87264 - DEC. 12) (BR. 10)

RECENT SIC FI L1I1GS

Fonn 8-K is used by companies to file current reports on the following events:

Item 1. Changes in Control of Registrant.Item 2. Acquisition or Disposition of Assets.Item 3. Bankruptcy or Receivership.Item 4. Changes in Registrant's Certifying Accountant.Item 5. Other Materially Important Events.Item 6. Resignations of Registrant's Directors.Item 7. Financial Statements and Exhibits.Item 8. Change in Fiscal Year.

NEWS DIGEST, December 19, 1994 II

Page 12: SEC News Digest, 12-19-1994 · 2 NEWS DIGEST, December 19, 1994. to the investors of working interests in wells drilled by Blackford Energy ... without admitting or denying the allegations

The cCJq)8nies listed below have filed 8-te reports for the date indicated andlor amencinents to 8-te reports previous, filed, responding to the item(s) of the form specified. Copies of the reports may be purchased from the Conmission's Public Reference Room (when ordering, please give the date of the report). An invoice will be included with the requested material when mai led.

STATE SIC ITEM NO_NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 DATE COMMENT

ABRAXAS PETROLEUM CORP NV X 12/06/94 ADVANTA HOME EQUITY LOAN TRUST 1994-1 NY X X 11/25/94 ADVANTA MORTGAGE LOAN TRUST 1994-2 NY X X 11/25/94 ADVANTA MORTGAGE LOAN TRUST 1994-3 NY X X 11/25/94 AJAY SPORTS INC DE X X 12/07/94AMERICAN FINANCIAL CORP OH X 12/09/94AMERICAN OILFIELD DIVERS INC LA X X 11/23/94AMERICAN PREMIER UNDERWRITERS INC PA X X 12/09/94AMERICAN UNITED GLOBAL INC DE X 09/28/94AMENDANGELES PARTNERS XI CA X X 11/22/94APARTMENT INVESTMENT & MANAGEMENT CO Me X X 11/22/94 APPLE SOJTH INC GA X 12/06/94APPLETREE COMPANIES INC DE X 12/16/93AMENDAPPLETREE COMPANIES INC DE X X X 11/22/94APS HOLD ING CORPORATION DE X X 09/26/94AMENDATRIX LABORATORIES INC DE X X 12/01/94BANte OF AMER NA TR & SA AS SPNB HM EQ LN X X 11/15/94BAYOU STEEL CORP DE X X 12/09/94BROADWAY & SEYMOUR INC DE X X 09!30/94AMENDC TEC CORP PA X 12/16/94CALIFORNIA MICRO DEVICES CORP CA X 12/02/94CANMAX INC 1'tI'f I 'tI'f X 12/02/94CAPITAL RESERVE CORP CO X 12/01/94CAPITOL HOME EQUITY LOAN TRUST 1990-1 Me X 11/30/94CAPITOL HOME EQUITY LOAN TRUST 1994-1 MD X 11/25/94CARLYLE REAL ESTATE LTD PARTNERSHIP XII IL X X 12/15/94CEDAR GROUP INC DE X X 09/27/94AMENDCITATION CORP IALI DE X 10/03/94AMENDCLUCteERS WOOD ROASTED CHICKEN INC FL X X 11/11/94CMC SECURITIES CORP II DE X X 11/25/94CMC SECURITIES CORP IV DE X X 10/31/94AMENDCOMPUTER TRANSCEIVER SYSTEMS INC NY X 11/17/94COMPUTERVISION CORP IDEI DE X 11/30/94CONSUMAT SYSTEMS INC VA X X 12/01/94CONTINENTAL CORP NY X X 12/07/94CONTINENTAL INVESTMENT CORP IGAI GA X 11/29/94COUNTRY WORLD CASINOS INC NV X X 09/12/94AMENDCRYSTAL BRANDS INC DE X X 12/13/94CSX TRADE RECEIVABLES CORP X X 12/08/94CUSA TECHNOLOGIES INC NV X 09119/94AMENDDAIWA MOR ACCE COR CONS OBLI STRU TR ASS DE X X 11/25/94 DATA BROADCASTING CORPORATION DE X 11/30/94DELTA PETROLEUM CORPICO CO X X 11/21/94DENOVO CORP ICNI X 12/06/94DESIGNS INC DE X 12/07/94DIGITAL COMMUNICATIONS TECHNOLOGY CORP DE X X 12/06/94 DIGITAL SOLUTIONS INC NJ X X 11/21/94DIVERSIFIED INDUSTRIES INC DE X X 12/06/94EASTERN AIR LINES INC DE X 10/31/94ECOLAB INC DE X X 12/07/94ENTERGY CORP IDEI DE X 12/16194ENVIRO GREEN TECH INC NY X X 11/28/94EQUITABLE BAG CO INC NY X 12/01/94

12 NEWS DIGEST, December 19, 1994