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SECURiTIES AND EXCHANGE COMMtSS10N

dmW~ rIDaI~~Abrief $Ummoryoffinandal proposals filed with and actions by the SEC

(In oTciedng full te~t of Releoses from Publications Unit cite numbed

FOR RELEASE _D8C_eImiddot24Jt 1 58middot

VEDITZamp CO BROKER-DEALER SUSPENDEDREGISTRATION

The Securities and Exchange Commission today announced the issuance of auolderU8peud~the broker-dealer registration of Jean R Veditz Cobull Inc bullbull 160 Broadway NewYok CHI _1naflUl determination whether its registration should be revoked Veditz Co consented to theissuance of the order

In its order of December 10 1958 instituting the proceedings the COIIIIIissioncb4Ielaquo1amons other things that Veditz Cobullbull Jean R Veditz its president and sole stockholdereImiddot middotSoidstun its sales manager engaged in acts practices and a course of business which WOlld did operate as a fraud and deceit upon eertl1in pernonc in connection with their offeringosale of tIle Class A commonstock of Un1vernal Drilling Company IIlC in violation oftleand-fraud provisions of the Federal Securities Laws The order also stated that Veditz CO eDliVa1tJhad been permanently enjoined by a llovember 25 1958 decree of the Supreme Court of NewJorkCounty of NewYork from engaging Ln and continuing cert afn conduct and practices tn cOllJlectt~witb the purchase and sale of securities

The COJllIIlissioll ordered a hearing before it at 230 PH this date on the quest1~ ofhad 8uspeneionnf the Veditz Co broker-dealer regd at ratLcn pending final decision on the qttestion9frevocation The hearing was ll1aived and Veditz Co consented to nhe suspension of it reg18tretiOllmiddotThe COIIIInissiontmiddotuled that such suspension was appropriate in the public interest and fot the pto-tection of investors

GENERAL TELEPHONE (FLA) PROPOSEgt PREFERRED STOCKOFFERING

General Telephone Companyof Florida 610110rgon St bullbull Tampa Fla t fHad a reltstratl atatement (FUe 2-14633) with the SEC on December 23 1958 seeking registration of 480000 _rof $130 CUmulative Preferred Stock Series B $25 par The stock is to be offered forpubUcsate at par through an underwriting group headed by Paine Webber Jackson amp CuttisStQAe ampWebter Securties Corporation and Mitchum Tones amp Templeton Tiltunderwriting cOlSlillsioaa aretOhe tlUpplied by amendment there is no firm commitment by the undenniters to acquirethe 8Jock

Net proceeds of the sale of the Series B preferred stock will be applied by thec~tothepayDlent of bank loans incurred for 1958 construction Gross construction during 1958otWtch$18200OOO was c01llpleted at October 31 1958 totalled approximately $22750000 As of ~obei 31st such bank loans amounted to $10 700000 Additional bank loans required to c~le~thelt19S8 consJruction atllOuntedto $2000000 of which $]00000 7111 remain outstandIng aftarthp~oe8edmiddot8 fmiddotthe sale 0pound the new preferred have been applied thereto Additional new caPitelmiddot 7middotmiddotmiddottbullbullbull o aIirl1fed for construction during 1959 is presently eatiJlaated at $18300000 wbich wiUbeobtaf ialtleU through bank loans

MILLSAP 011 PROpOSES STOCKOrrERINa

bull 11 p OU ampGas C-pany Siloe SpriNe Arkbullbull filed a reg1atraU01lltat __ t (n ~ ( ~101WttGe nCon Dec_er 23 1958 seekllj reg1aerdon of 602786 sharM ofmiddot c_COCll bull

t-middot_ __

~ e DlCISt 1gtBClHWt 24 te

t~Of~~cf for oUc sale at $1 per sharebull receive c~sione of 151

Tbec~t wsiness 18 said to faillmiddot t~middot~fmiddotl_ 1- drill1Da aradprocluction of oil Inc gas OnofltpdllpM iutof~ developas1llarket 011 and gas Net proceeda of fhis stock ate witr be~tot s at thecaaapany aacSwill be available for such corporate uaes aa the t maydetead lt Procaads wUI be used a additional workina capital foracquistt1oa of properties ad ddt_ ad GeYelopaent including p08S1blew1lde4t dr1ll1na~

Aecordlq to the prospectus the caapanyhas issued 2515319 coaDOil eu ~ 1ata-est sinsle block of stock (798600 shares) taoWBed bylCaa-A--Tex-Oiland Ga_ tile allof~ stock is owaed by Hal Hi11asp Sr bullbull and Hal HUlsap Jr t whoare reapect1vely hoal4 ~~ audpresident of Hillsap 011

CCRSOLDIATED EDISON FILES FOil DEBBRTl1llpoundOFFERING

CoaeoUdated Edison Company of NewYork Inc bullbull 4 IrvillgPlacef ~ew Jork fila re~tration statement (File 2-14631) with the SECOuDecember23 1958 seeking rstrt~9f $5917$6OD of Convertible DebentuTes due 1973 The c~propoae8 toltoffer tndAtJ~ for_bScript1Oll by CODll1011 stockholders of record January 26 1959 at the rate of bullbull _f detureefor each 25 shares then held The subscription price 18 to be 1001 opoundprt~ ~tofthe debentures MorganStanley amp Co and The Firat Boston CorporaUOQue 1t1 a the pdadpal underwriters and the underwriting terms are to be supplied by ~

Net proceeda of the sale of the debenture will be applied (1) to the payaeat pound~t texlllbaaknotea of approximately $51000000 issued in connection with the tnteri11l f~l- the ~ytscon8tructlon program and (2) the balcce tosether with cash to berece1vsQD conV81oUtoward payment for additions tout11ity plant on and after lIov_er 1 USbull ~ cun bull t coaatruction program of the companyand its subsidiaries (illCludiq the prop~ tiqf the NewYork City power plants) will illvolve expenditures estimated atappr~ttmiddot$1~OOOOOO for the years 1959 through 1963

MIDDLE FILE PROPOSALSOUTH AND SUBSIDUllY F1lWICING

Middle South Utilities Inc NewYork and itl subBidiaryArkansas PQweramplttsht Cqatp_ Ut$ltRock have joined in the pound111qof an applieatiq with the SECfor 41 _ thors1nabattk borrowinga byMiddle South and ita purchase of additional stock of _~aJana~COItIIdssion has issued an order (Release 35-13892) givitig mterested persona_tlI -1aql 1959 to request a hearing thereon

Under the proposal Middle South proposes to borrow $6000000 from ~e rtrltt kCft1iaak of Bew York for which it will issue a promissory note in like 8IIlOUat It PI~ tift thefuacSe to purchase an additional 480000 shares of Arkansas Power COlllaOA 81_

~6 aooJOOO The latter will use the funds for general corporate purposes flr CGIP~W~U ~1poes 8Ild f~~ the re1aburseme1t of ita treasury for 1aOI1eyS expeuded for construcU1Kl Ij

The SIC has issued an o1der(Release 35-13896) ar_tt- a 1equeatof bull of Ae1 for an ext-toa through 1959 of theperod vlthin 1eh na add1tioaal bo~rowtaa and 1lotes in renewal of Jiutturiaa 1lOt t

middotmiddotUiae of credit preV1~s1y approved he 800000 1lOt at middot ttowefmiddot the e~middots coutrueti01l ptOar-throuah 1959

t-middot_ __

~ e DlCISt 1gtBClHWt 24 te

t~Of~~cf for oUc sale at $1 per sharebull receive c~sione of 151

Tbec~t wsiness 18 said to faillmiddot t~middot~fmiddotl_ 1- drill1Da aradprocluction of oil Inc gas OnofltpdllpM iutof~ developas1llarket 011 and gas Net proceeda of fhis stock ate witr be~tot s at thecaaapany aacSwill be available for such corporate uaes aa the t maydetead lt Procaads wUI be used a additional workina capital foracquistt1oa of properties ad ddt_ ad GeYelopaent including p08S1blew1lde4t dr1ll1na~

Aecordlq to the prospectus the caapanyhas issued 2515319 coaDOil eu ~ 1ata-est sinsle block of stock (798600 shares) taoWBed bylCaa-A--Tex-Oiland Ga_ tile allof~ stock is owaed by Hal Hi11asp Sr bullbull and Hal HUlsap Jr t whoare reapect1vely hoal4 ~~ audpresident of Hillsap 011

CCRSOLDIATED EDISON FILES FOil DEBBRTl1llpoundOFFERING

CoaeoUdated Edison Company of NewYork Inc bullbull 4 IrvillgPlacef ~ew Jork fila re~tration statement (File 2-14631) with the SECOuDecember23 1958 seeking rstrt~9f $5917$6OD of Convertible DebentuTes due 1973 The c~propoae8 toltoffer tndAtJ~ for_bScript1Oll by CODll1011 stockholders of record January 26 1959 at the rate of bullbull _f detureefor each 25 shares then held The subscription price 18 to be 1001 opoundprt~ ~tofthe debentures MorganStanley amp Co and The Firat Boston CorporaUOQue 1t1 a the pdadpal underwriters and the underwriting terms are to be supplied by ~

Net proceeda of the sale of the debenture will be applied (1) to the payaeat pound~t texlllbaaknotea of approximately $51000000 issued in connection with the tnteri11l f~l- the ~ytscon8tructlon program and (2) the balcce tosether with cash to berece1vsQD conV81oUtoward payment for additions tout11ity plant on and after lIov_er 1 USbull ~ cun bull t coaatruction program of the companyand its subsidiaries (illCludiq the prop~ tiqf the NewYork City power plants) will illvolve expenditures estimated atappr~ttmiddot$1~OOOOOO for the years 1959 through 1963

MIDDLE FILE PROPOSALSOUTH AND SUBSIDUllY F1lWICING

Middle South Utilities Inc NewYork and itl subBidiaryArkansas PQweramplttsht Cqatp_ Ut$ltRock have joined in the pound111qof an applieatiq with the SECfor 41 _ thors1nabattk borrowinga byMiddle South and ita purchase of additional stock of _~aJana~COItIIdssion has issued an order (Release 35-13892) givitig mterested persona_tlI -1aql 1959 to request a hearing thereon

Under the proposal Middle South proposes to borrow $6000000 from ~e rtrltt kCft1iaak of Bew York for which it will issue a promissory note in like 8IIlOUat It PI~ tift thefuacSe to purchase an additional 480000 shares of Arkansas Power COlllaOA 81_

~6 aooJOOO The latter will use the funds for general corporate purposes flr CGIP~W~U ~1poes 8Ild f~~ the re1aburseme1t of ita treasury for 1aOI1eyS expeuded for construcU1Kl Ij

The SIC has issued an o1der(Release 35-13896) ar_tt- a 1equeatof bull of Ae1 for an ext-toa through 1959 of theperod vlthin 1eh na add1tioaal bo~rowtaa and 1lotes in renewal of Jiutturiaa 1lOt t

middotmiddotUiae of credit preV1~s1y approved he 800000 1lOt at middot ttowefmiddot the e~middots coutrueti01l ptOar-throuah 1959

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~OtQI$TlIDlCIMI~ 24 1958 Pase3

1 bull c P lS1WL CITlUJS nLES FOR OFFUDG

1 C P l_ael Citrus Plantatiou Liadteci Tel Aviv leae1 fl1ed a rlatrat1oaa ~t(rlle 2-11(632) with the SEC em December23 1958aeekiag reg1~ratloa of 750000 ahai of ItsCoraaon Stock to be offered for public sale at $1 per ahare There are 1lO uader-_~ti reserVes the right to bullbull iona not exceedi_ to anymiddotgreeilDelltB The COIIIPany pay eOlllllip~ eo may asaist in the sale or disposition of the stock

The companyproposes to engage in all branches of the cltrus induAtry The proc-- of the tock sale will be expended as follows IL 550000 for the purchase of trovesi 11 130000 for a dtrus packing house IL 150000 for citrus canning and IL 1000000 for plantfpg of new groves 2000 DUl8lll8 (500 acres) for 5 years

Tbeprospectus lists Jacob D BeneEzer of Tel Aviv as board as sectetampry and Isaac Ben-Ezeraavice-president and treaaurer

HARATINE RE~TGASHEARING GRANTED

The SEChas granted a request of The Baratine Gas and Oil CompanyInc bullbull EURlyl-at 11

fora hearing on the questio~ whether to vacate or make permanent the prior tGlllpOraq_ap-1 by tuCOIIIIliasion of a Regulation A exemption from registration under the Securities Act of 1933 nthr~ect to a public offeriJlg of stock by Baratine Gas The hearing is to be held on FebruafY4 1959 in the COIIIIlissions Chicago Regional Office

In a notification filed by Haratine Gas on June 23 1958 that companyprop08ecttbepubUc offering of 199900 commonshares at $1 50 per ahare pursuant to the conditional ~ti_ fr_r~giatrationprovided by Regulation A The Commissionby order dated October 2 19S8 tesilppradly suspended the exemption from registration That order charged that certain bullbull tea matenlused iu the offering and sale of the Haratine Gas stock consisting of letters cir-cularand other written coomunications were not filed with the Coramissionpr1or to their use aaregure4 that certain of the sales material was false and misleading in respectof_termiddottampJfact8(including the size and nature of the companys properties and the market price of itemiddot bull 8hr8) and that the stock offering would violate the anti-fraud provisions of theSecudtiMA4t (frfurther details see Securities Actllelease No 3987)

At the February 4th hearing inquiry will be conducted into the foregOing matters f01 tiull7pj)se of determining whether the suspension order should be vacated or ma4epenaanent

SECORDEREXEMPTS YOUDOCK DUNHILL HERGERNEW -

gt fie SECtoday announced the issuance of a decision grantinamp an application of Yor~ ~C~y Brookln N Yinvestment company for an exemption from provisions pf the Invest ~ bull Act 1dth respect to certain transacUons incident to the aerger of DockCcIalpanyWlth ~alY ~lato l)uuhil1 laternational Inc of NewYork (Release No 40-2811)

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As of June 301958 the market value of DOckCompanys securid portfolio was 978 Which together with cash of $2100324 constituted about 8en of its total t8 bull

folto included 38100 sharea (1256) of DuDh1l1s outatandiq COI8OIl stock ~chbaa ~ced to 24OOOsharea or tr1 The larleat holding in Igtodt Company a poamp-tfoUOW8

stock of Aaerican tank lote Company Dunhill throup its subaic1iaries iseJllample4 in of~ceo) tobacco product and accessortes pipes gift it_ coaeti1 toUsed ~1ae 1uaddition 8Ubtant~l fort$on of the ets ofDunldll 10 ~

ian of i1Weatlllent8~rities pr1Mrily blerieaa Bank ots 0- stock fte til teatlleata of June 30 1958 1fU$2217107 or aproxlMtety 64~of

1 DuahiU has outst_lag 300000 caon abares

t bullholders ofcc 11_ at_ ofDoclt ~ will reoeiveidlht re of DeckC~ CfIIIIIIO1li ~ tu b014eraof ptefertaft04

~wUl rcelv~eu shu of aUtidlJ lmiddot r_oldera will coutJaveto _14 ~ bull dla~fvfas ~atioo uacler It pr 1 __ bull u bull

older the aurviviag eorporatiOil w111bayene 1lD11~ e~tloo of the aerger tlte -eraer b eff~~ eoas1oa order- deClarill8 that it baa ceased to M _ i_e c middot 111aeClarlllg that it is primarily eagasecl in busillUsea~ber thaa dlftofaiIw_tIiIIISIlt cmiddotr ~

the COIQIIli8tlion the tems of the proposed urger ue r oaable middotttdrconcluded that aactmiddot do lkOtiJiWolveoverreaching on the part of ClJ peraoa coacemt AccoldiDaly it rat middot au exeaptioa of the intercompany trauaetions frOIDprohibitions of the Act

il

fheSEC has hsued an order (Release 39-128) granting an applicat1onofDeuteher Srkassen-t1ndG1roverband (GermanSampViass Banks and Clearing Associ4tion) for an eltctoatoa eenalnproviaiona of the Trutlndenture Act of 1939 with respect totbe debtadJuStaeat ~ ~dueJanuary 1 1967 to be issued by it under an lndenture to be dated as of J~ 1 1953 bet entheAssociation and The First KatioDal City Bank ofKewYork truSteead Kt-edlt8llsta1t fur Wiederaupoundbau as eo-trustee 1n connection with the Associations offer of bullbull tl~t to be madepursuant to AtmexII of the LoadoD Agreaent on Germaabtema1~ ieI~ 271953 between the Govemaent of the Federal BepubUcofG~ the Un11iedlJut_ ofA1lerlca and other countries The Commissions orderatao declares that trueteelhi itt t_te~cOtrustee under the said 1953 indenture and trusteeship by the co-truetee~tke lrldenture pursuant to which the old dollar bonds were issued by the Association is not U~ely to iUVObeatateril conflicts of interest

S1IUth-CoronaMarchant Inc 701 E Washington St J SnacuB-eaR Y tOday pound114ratration statement (File 2-14636) withthe SEC8eeki~ registration of $middot744319GofCOn-vertS61eSubOrd1natedDebenture8 due January 1 1979 The CQIJPany proposes to oflfertlre 4~urefor8ub8cription by its common8tockholders on the basts of $100 of debeGtur fottlaCh15 coaaon shares held The interest rate record date aubscriptionprice and~~tpiare to be supplied by _endment LebmanBrothersheads the list of underwriters

All of the net proceeds of the debenture sale will be used to reduce short-tetaabi tWhieh 8sof December171958 aggregated $1350000 The bank loans prov1d~ raquo

Clonal plant facilities and equipment amountilll to approXimately $3000000 the __ 1 iIItrodUctionofnewproduct84111DUntiugtoapprOJdmate1y $1000000 and over actt4 bullbull ~ingto approximately $700000 The remainder of suCh proceeds were used pmc ~l~ ~emiddotnececJ8ary working pital

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BeS18toflex Corporation ampOeland Nt I today filed a reg1tratioa t_~1~~t) with the SECseeking registration of 100000 bares of its COIIIIIOn Stock 0( thi~

SO _181 are to be offered for public sale for -the aecouat of tIae lSlUina aufor account of IdgarS Peled COIIIpaay resident ladle amp co head8 tMtbullbullbullmiddot Tlle initial offering price 111 be related to the net price of ~bull elMMertcan Stock Exchange ilaaed1ately prior to the offeriuc dle to heeuppl1ed byamendalent

rase 5

toLts~ Roselandplaat _1ch aditiop is to be sold awl leased back from the pur-tf the ~ p14as to repay all of its outstaadiag $475000 of aotes aue

to 196() ~300-OOOof bank loans T)1ebank loans were incurred prilc1pally ill coa-~th the t~addition The cOlllp81lyis also makiag leasehold iJIlprovementsill ConnecUOl

1fimsudl 4it1Oaexgected to total $80000 bull will incur alteration and relocation expeaaes 01 $1ampjGOO _is plamtingthe expenditure of seme $100000 for additional macuiaery aad equ1paent Tbemiddot1Jamplaaeeof the proceeds will be used prIncipally forincreased working capital

BORMAN FOOD STORES FILES FOR OFFERING AND SECONDARY

Bonaan Food Stores Inc 12450 Greenfield Rdbullbull Detroit today filed a rea1straUoa tataaeat(File2-14635) with the SECseeking registration of 404900 shares of ~ StOck_ Oftbis stock 304900 shares are to be ()ffered for public sale by the present holders tbo~~aDI l the reaaainirig100000 by the issuing company The public offering price and underwriti t toheaupplied by amendment Shields amp Companyi8 listed as the principal underwriter

According to the prospectus the companyopened seven new super markets in 1958~Shmoreare under construction for completion during the first half of 1959 Bldthe cmiddot preaentplans contemplate that an additional six willbe opened during the second half of I bull ThecClllllp4nyhaaalso leased from American Motors Corporation l5~ acres of latldw1th ab1ttbiiDa thereon which is being remodeled for use as the offices and warehouse of the cGlDpanyaampdwbtc411a expected to be completed by March 1 1959 The net proceeds to the companyfrom itsale oft~ 100000~n shares will be added to its general funds and will be available for the ~tttl inv8lt01Yand equipment required by the new stores and warehouse for additional wr1d1tSC8Jlftil andothetgeneral corporate purposes including the rcpaYlllent of short term ~ loansthep~of wbi were used for such purposes and which amounted to $500000 at November1 1958 lJhe C

c~yintends to meet the cost of its calendar 1959 store opening program from such net proce bullbull from its present working ~pital funds and from cash generated from operations

LAURE EXpLOltAnONPROPOSES STOCKOFFERING

Laure Exploration CompanyInc Arnett Oklabullbull filed a registration StAtement (Pilet-14634)With the SECon December 23 1958 seeking registration of 400000 shares of itseaptta1 c~ stock to be offered for public aale at $2 per share The companyh notena4ampeltt 111 any iness except to acquire control and rights to 10 unpatented mnins claims in thepf4e ~~atstrict of Gilpin County Colorado and the Laure Tunnel No l aad Tunnel Site Theae p~i wereacqulredfrom the companys president and promoter A bull N Laure in consfdetlltlOl of~els81lance to Lauremiddotmiddotof 800000 cOlllllOnshare8 Laure is said to have purchased the pr _t1- 1R119 ~iRce whenhe has ~xpended$30000 in cash in exploration sud other work thereQR Pr~_of the stock sale Will be used for various expenditures includiR machlneryandeqV1 bullbullbull exploration and other pUXflOses

sOUttmRN CALIFORNIA EDISONPROPOSES STOOl OFFERDtG

SOlltbernCalifornia Edison Company601 West Fifth St bullbull Los MIlea today filed a rutioaatatement(File 2-14638) with the SECseeklagregistratiOlt of 500000 Sbares of its

Itookto be offtQed fotpub1c saletluoua1t aa uaderwl1tiag amprOUP haedby fte FiT8t ~~tloa and Dean Witter amp Co be iaitial publ1coffedQldceefthe shares fiU ua tothecurrePt urket foroutsuandina shares OQ Uhe1fW YOlkStock BxdlaaJe 1JRd t _e to be aupltedby nmeurlaent bull

t~ocieeds frosath4 stock sale will be ueed by tbercapay in art to retire (iRcurred 111~tiOll with the ~qut81t1oD of fuRds for the caapaayt

cu Fear which MY be aautancliag attlle ttae such roceeds ue ~eev_ aGt expeeted to exCeed 2000008 th8lNt1anee of such proceeda- w11t

c ptOp08eSto us _ t at leut 1to web bal~ i lUis pt-e8eatly _ tkat eoutnctloa exputu for $213251000

bullbull ftgt

~wUl rcelv~eu shu of aUtidlJ lmiddot r_oldera will coutJaveto _14 ~ bull dla~fvfas ~atioo uacler It pr 1 __ bull u bull

older the aurviviag eorporatiOil w111bayene 1lD11~ e~tloo of the aerger tlte -eraer b eff~~ eoas1oa order- deClarill8 that it baa ceased to M _ i_e c middot 111aeClarlllg that it is primarily eagasecl in busillUsea~ber thaa dlftofaiIw_tIiIIISIlt cmiddotr ~

the COIQIIli8tlion the tems of the proposed urger ue r oaable middotttdrconcluded that aactmiddot do lkOtiJiWolveoverreaching on the part of ClJ peraoa coacemt AccoldiDaly it rat middot au exeaptioa of the intercompany trauaetions frOIDprohibitions of the Act

il

fheSEC has hsued an order (Release 39-128) granting an applicat1onofDeuteher Srkassen-t1ndG1roverband (GermanSampViass Banks and Clearing Associ4tion) for an eltctoatoa eenalnproviaiona of the Trutlndenture Act of 1939 with respect totbe debtadJuStaeat ~ ~dueJanuary 1 1967 to be issued by it under an lndenture to be dated as of J~ 1 1953 bet entheAssociation and The First KatioDal City Bank ofKewYork truSteead Kt-edlt8llsta1t fur Wiederaupoundbau as eo-trustee 1n connection with the Associations offer of bullbull tl~t to be madepursuant to AtmexII of the LoadoD Agreaent on Germaabtema1~ ieI~ 271953 between the Govemaent of the Federal BepubUcofG~ the Un11iedlJut_ ofA1lerlca and other countries The Commissions orderatao declares that trueteelhi itt t_te~cOtrustee under the said 1953 indenture and trusteeship by the co-truetee~tke lrldenture pursuant to which the old dollar bonds were issued by the Association is not U~ely to iUVObeatateril conflicts of interest

S1IUth-CoronaMarchant Inc 701 E Washington St J SnacuB-eaR Y tOday pound114ratration statement (File 2-14636) withthe SEC8eeki~ registration of $middot744319GofCOn-vertS61eSubOrd1natedDebenture8 due January 1 1979 The CQIJPany proposes to oflfertlre 4~urefor8ub8cription by its common8tockholders on the basts of $100 of debeGtur fottlaCh15 coaaon shares held The interest rate record date aubscriptionprice and~~tpiare to be supplied by _endment LebmanBrothersheads the list of underwriters

All of the net proceeds of the debenture sale will be used to reduce short-tetaabi tWhieh 8sof December171958 aggregated $1350000 The bank loans prov1d~ raquo

Clonal plant facilities and equipment amountilll to approXimately $3000000 the __ 1 iIItrodUctionofnewproduct84111DUntiugtoapprOJdmate1y $1000000 and over actt4 bullbull ~ingto approximately $700000 The remainder of suCh proceeds were used pmc ~l~ ~emiddotnececJ8ary working pital

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BeS18toflex Corporation ampOeland Nt I today filed a reg1tratioa t_~1~~t) with the SECseeking registration of 100000 bares of its COIIIIIOn Stock 0( thi~

SO _181 are to be offered for public sale for -the aecouat of tIae lSlUina aufor account of IdgarS Peled COIIIpaay resident ladle amp co head8 tMtbullbullbullmiddot Tlle initial offering price 111 be related to the net price of ~bull elMMertcan Stock Exchange ilaaed1ately prior to the offeriuc dle to heeuppl1ed byamendalent

rase 5

toLts~ Roselandplaat _1ch aditiop is to be sold awl leased back from the pur-tf the ~ p14as to repay all of its outstaadiag $475000 of aotes aue

to 196() ~300-OOOof bank loans T)1ebank loans were incurred prilc1pally ill coa-~th the t~addition The cOlllp81lyis also makiag leasehold iJIlprovementsill ConnecUOl

1fimsudl 4it1Oaexgected to total $80000 bull will incur alteration and relocation expeaaes 01 $1ampjGOO _is plamtingthe expenditure of seme $100000 for additional macuiaery aad equ1paent Tbemiddot1Jamplaaeeof the proceeds will be used prIncipally forincreased working capital

BORMAN FOOD STORES FILES FOR OFFERING AND SECONDARY

Bonaan Food Stores Inc 12450 Greenfield Rdbullbull Detroit today filed a rea1straUoa tataaeat(File2-14635) with the SECseeking registration of 404900 shares of ~ StOck_ Oftbis stock 304900 shares are to be ()ffered for public sale by the present holders tbo~~aDI l the reaaainirig100000 by the issuing company The public offering price and underwriti t toheaupplied by amendment Shields amp Companyi8 listed as the principal underwriter

According to the prospectus the companyopened seven new super markets in 1958~Shmoreare under construction for completion during the first half of 1959 Bldthe cmiddot preaentplans contemplate that an additional six willbe opened during the second half of I bull ThecClllllp4nyhaaalso leased from American Motors Corporation l5~ acres of latldw1th ab1ttbiiDa thereon which is being remodeled for use as the offices and warehouse of the cGlDpanyaampdwbtc411a expected to be completed by March 1 1959 The net proceeds to the companyfrom itsale oft~ 100000~n shares will be added to its general funds and will be available for the ~tttl inv8lt01Yand equipment required by the new stores and warehouse for additional wr1d1tSC8Jlftil andothetgeneral corporate purposes including the rcpaYlllent of short term ~ loansthep~of wbi were used for such purposes and which amounted to $500000 at November1 1958 lJhe C

c~yintends to meet the cost of its calendar 1959 store opening program from such net proce bullbull from its present working ~pital funds and from cash generated from operations

LAURE EXpLOltAnONPROPOSES STOCKOFFERING

Laure Exploration CompanyInc Arnett Oklabullbull filed a registration StAtement (Pilet-14634)With the SECon December 23 1958 seeking registration of 400000 shares of itseaptta1 c~ stock to be offered for public aale at $2 per share The companyh notena4ampeltt 111 any iness except to acquire control and rights to 10 unpatented mnins claims in thepf4e ~~atstrict of Gilpin County Colorado and the Laure Tunnel No l aad Tunnel Site Theae p~i wereacqulredfrom the companys president and promoter A bull N Laure in consfdetlltlOl of~els81lance to Lauremiddotmiddotof 800000 cOlllllOnshare8 Laure is said to have purchased the pr _t1- 1R119 ~iRce whenhe has ~xpended$30000 in cash in exploration sud other work thereQR Pr~_of the stock sale Will be used for various expenditures includiR machlneryandeqV1 bullbullbull exploration and other pUXflOses

sOUttmRN CALIFORNIA EDISONPROPOSES STOOl OFFERDtG

SOlltbernCalifornia Edison Company601 West Fifth St bullbull Los MIlea today filed a rutioaatatement(File 2-14638) with the SECseeklagregistratiOlt of 500000 Sbares of its

Itookto be offtQed fotpub1c saletluoua1t aa uaderwl1tiag amprOUP haedby fte FiT8t ~~tloa and Dean Witter amp Co be iaitial publ1coffedQldceefthe shares fiU ua tothecurrePt urket foroutsuandina shares OQ Uhe1fW YOlkStock BxdlaaJe 1JRd t _e to be aupltedby nmeurlaent bull

t~ocieeds frosath4 stock sale will be ueed by tbercapay in art to retire (iRcurred 111~tiOll with the ~qut81t1oD of fuRds for the caapaayt

cu Fear which MY be aautancliag attlle ttae such roceeds ue ~eev_ aGt expeeted to exCeed 2000008 th8lNt1anee of such proceeda- w11t

c ptOp08eSto us _ t at leut 1to web bal~ i lUis pt-e8eatly _ tkat eoutnctloa exputu for $213251000

bullbull ftgt

rase 5

toLts~ Roselandplaat _1ch aditiop is to be sold awl leased back from the pur-tf the ~ p14as to repay all of its outstaadiag $475000 of aotes aue

to 196() ~300-OOOof bank loans T)1ebank loans were incurred prilc1pally ill coa-~th the t~addition The cOlllp81lyis also makiag leasehold iJIlprovementsill ConnecUOl

1fimsudl 4it1Oaexgected to total $80000 bull will incur alteration and relocation expeaaes 01 $1ampjGOO _is plamtingthe expenditure of seme $100000 for additional macuiaery aad equ1paent Tbemiddot1Jamplaaeeof the proceeds will be used prIncipally forincreased working capital

BORMAN FOOD STORES FILES FOR OFFERING AND SECONDARY

Bonaan Food Stores Inc 12450 Greenfield Rdbullbull Detroit today filed a rea1straUoa tataaeat(File2-14635) with the SECseeking registration of 404900 shares of ~ StOck_ Oftbis stock 304900 shares are to be ()ffered for public sale by the present holders tbo~~aDI l the reaaainirig100000 by the issuing company The public offering price and underwriti t toheaupplied by amendment Shields amp Companyi8 listed as the principal underwriter

According to the prospectus the companyopened seven new super markets in 1958~Shmoreare under construction for completion during the first half of 1959 Bldthe cmiddot preaentplans contemplate that an additional six willbe opened during the second half of I bull ThecClllllp4nyhaaalso leased from American Motors Corporation l5~ acres of latldw1th ab1ttbiiDa thereon which is being remodeled for use as the offices and warehouse of the cGlDpanyaampdwbtc411a expected to be completed by March 1 1959 The net proceeds to the companyfrom itsale oft~ 100000~n shares will be added to its general funds and will be available for the ~tttl inv8lt01Yand equipment required by the new stores and warehouse for additional wr1d1tSC8Jlftil andothetgeneral corporate purposes including the rcpaYlllent of short term ~ loansthep~of wbi were used for such purposes and which amounted to $500000 at November1 1958 lJhe C

c~yintends to meet the cost of its calendar 1959 store opening program from such net proce bullbull from its present working ~pital funds and from cash generated from operations

LAURE EXpLOltAnONPROPOSES STOCKOFFERING

Laure Exploration CompanyInc Arnett Oklabullbull filed a registration StAtement (Pilet-14634)With the SECon December 23 1958 seeking registration of 400000 shares of itseaptta1 c~ stock to be offered for public aale at $2 per share The companyh notena4ampeltt 111 any iness except to acquire control and rights to 10 unpatented mnins claims in thepf4e ~~atstrict of Gilpin County Colorado and the Laure Tunnel No l aad Tunnel Site Theae p~i wereacqulredfrom the companys president and promoter A bull N Laure in consfdetlltlOl of~els81lance to Lauremiddotmiddotof 800000 cOlllllOnshare8 Laure is said to have purchased the pr _t1- 1R119 ~iRce whenhe has ~xpended$30000 in cash in exploration sud other work thereQR Pr~_of the stock sale Will be used for various expenditures includiR machlneryandeqV1 bullbullbull exploration and other pUXflOses

sOUttmRN CALIFORNIA EDISONPROPOSES STOOl OFFERDtG

SOlltbernCalifornia Edison Company601 West Fifth St bullbull Los MIlea today filed a rutioaatatement(File 2-14638) with the SECseeklagregistratiOlt of 500000 Sbares of its

Itookto be offtQed fotpub1c saletluoua1t aa uaderwl1tiag amprOUP haedby fte FiT8t ~~tloa and Dean Witter amp Co be iaitial publ1coffedQldceefthe shares fiU ua tothecurrePt urket foroutsuandina shares OQ Uhe1fW YOlkStock BxdlaaJe 1JRd t _e to be aupltedby nmeurlaent bull

t~ocieeds frosath4 stock sale will be ueed by tbercapay in art to retire (iRcurred 111~tiOll with the ~qut81t1oD of fuRds for the caapaayt

cu Fear which MY be aautancliag attlle ttae such roceeds ue ~eev_ aGt expeeted to exCeed 2000008 th8lNt1anee of such proceeda- w11t

c ptOp08eSto us _ t at leut 1to web bal~ i lUis pt-e8eatly _ tkat eoutnctloa exputu for $213251000

bullbull ftgt

RAPBBl DILL StOClt DpoundLtSllD

The SECbas issued anomer Irantl~an aPpl1cattcm of the PacificeoaBt 8toCi~~8e todeUatthe COIIIDOIl stock of ae1 Weinamp CoIlpafty (136441 eftke 141120 cautR_d~re8 are held by CaUfornia Centurey Stores tac) efhctie at clOae ofmiddot t1acttllgs~_31 1958 (Release 34-5846)

CINCINlfATI SEEmiddot lRADlJfaEXClWfGI UBlSlED

The Cincinnati Stock ExcbaQgebas applied to the SIC for uaUsted tradi plfIP81ntJle coaaoa stock of Com Products CoIapaay whLch is listed OR the York StoekExc r the qcma18Sioa has issued aa order giv1ag iaterested persou uatll Jauary 6 195bullbull rJItUest a hear1agthereoa(llelease 34-5846)

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