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DecemberADMINISTRATIVE PROCEEDINGSLOUIS BORTNICK,OTHERS30, 1981U.S. SECURITIES ANDEXCHANQE COMMISSIONBARREDThe c mmissio annolln7ed that.it has entered Findings and an Order Imposing RemedialSanctions against LoUiS Bortnick and Saul Nisker, both of Willowdale, Ontario,Canada, Sam ugarman,of Downsview, Ontario, Canada, and Harry Eckler of TorontoOntario, Canada.'Bortnick, Nisker, Sugarman and Eckler were associated as registered representativeswith a broker-dealerin Toronto that was registered with the Commission.The Commission's order was entered pursuant to an offer of settlement submitted by the namedindividuals in which they neither admitted nor denied the allegations contained inthe Order for Proceedings, and in which they consented to findings of violations andthe sanctions imposed.Based upon the Order for Proceedings and the Offer of Settlement, the Commissionfound that Bortnick, Nisker, Sugarman and Eickler, and each of them, wilfullyviolated and wilfully aided and abetted violations of the registration and antifraudprovisions of the Securities Act of 1933, and the antifraud provisions of theSecurities Exchange Act of 1934, and certain rules thereunder, all in connectionwith transactions in the common stocks of Temple Explorations Inc. and ThunderboltGas & Oil Explorations Inc.Based upon the above findings, the Commission barred Bortnick, Nisker,Eckler from association with any broker or dealer.(ReI. 34-18339)SugarmanandINVESTMENT COMPANY ACT RELEASESREAL ESTATEASSOCIATESLIMITEDIVA notice has been issued giving interested persons until January 25 to request ahearing on an application of Real Estate Associates Limited IV, a California limitedpartnersnip organized to invest through other limited partnerships in governme tassisted low and moderate income rental housing, and its general partners, Nat10nalPartnership Investments Corp. and National Partnership Investments Associates, foran order exempting the partnership from all provisions of the Act.(ReI. IC-12128- Dec. 29)UNITED DAILY DIVIDENDFUND, INC.An orderhas been issued on an application of united Daily Dividend(Applicant), an open-end, diversified management inv7stment companythe Investment Company Act of 1940, pursuant to Sect10n 8(f) .of t ethat Applicant has ceased to be an investment company as def1ned 1nIC-l2l29 - Dec. 29)UNITED STATES& FOREIGNSECURITIESFund, Inc.registered underAct, declaringthe Act.(ReI.CORPORATIONA notice has been issued giving interested persons unti January.2 to request.ahearing on an application filed by united States & Fore1gn Se ur1t1es Corporat10n(Applicant), a closed-end, diversified investment company reg1stered under the.Investment Company Act of 1940, for an order of th7 ornrnission, ursuant to Sect10n6(c) of the Act exemoting Applicant from the prov1sions of Sect10n l2(d) (3) f.theAct so that it an co tinue to own all the oustanding capital stock of a subs1d1ary,which will register under the Investment Advisers Act of 1940.(ReI. IC-12l30 Dec. 29)
MIDLAND CAPITAL CO ORATIONAn order has been issu d on.anapplicationfiled by Midland Capital Corporation, aNew York corporation(Company), Midland Capital Corpor.ati()n,A Delaware; corporation':,(New Midland), and Midland Venture Capital Limited (Ventures), pursuant to Sectipn -; 57(c) of the Act, exempting from the provisions of Section 57(a) of the Act, a.proposed merger between the Company and Ventures and certain transactions betweenNew Midland and Ventures.(ReI. IC 1213l Dec. 29)HOLDING COMPANY ACT RELEASESJERSEYCENTRALPOWER& LIGHTCOMPANYA supplementalorder has been issued authorizing Jersey Central Power & Light Company, subsidiary of General Public Utilities Corporation, to guarantee the notes ofa nonaffiliatedcoal supplier.(Re1. 35-22338 - Dec. 29)CENTRALPOWER AND LIGHTCOMPANYAn order has been issued authorizing Central Power and Light Company (CPL) , PublicService Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCO), andWest Texas Utilities(WTU), subsidiaries of Central and South West Corporation,together with Central and South West Fuels (CSWF), subsidiary of CPL, PSO, SWEPCO andWTU, whereby CPL, PSO, SWEPCO, and WTU, and CSWF, acting as their agent, will engagein fuel exploration and development through December 31, 1982.These companies propose to spend 61,636,000 in the aggregate for these purposes.(Re1. 35 2337Dec. 29)NEW ENGLANDENERGYINCORPOR.n.TEDAn order has been issued authorizing New England Energy Incorporated(NEEI), subsidiary of New England Electric System, to invest up to 45 million in its oil and gasexploration and development partnership with Dorchester ExplorationInc. in thecalendar year 1982.(ReL, 35-22339 - Dec. 29)SELF-REGULATORY ORGANIZATIONSNOTICEOF PROPOSEDRULE CHANGEThe National Association of Securities Dealers,pursuant to Rule 19b-4 (SR-NASD-8l-23) to amendGovernors following Section 4 of Part 1 of itshonorarium paid to arbitrators for each hearingtion of the proposal is expected to be made inof December 28.(ReI. 34-18377)Inc. has filed a proposed rule changethe Resolution of the Board ofCode of Arbitrationto increase thesession from 50 to 100.Publicathe Federal Reqister during the weekTRUST INDENTURE ACT RELEASESINTERNATIONALHARVESTERCREDITCORP.A notice has been issued giving interested persons until January 17, 1982 to requesta hearing on an application by InternationalHarvester Credit Corp., pursuant toSection 3l0(b) (1) (ii) of the Trust Indenture Act of 1939, declaring that thesuccessor trusteeship of Commerce Union Bank of Nashville, Tennessee under eightindentures is not so likely to involve a material conflict of interest as to makeit necessary in the public interest and for the protection of investors to disquality Commerce Union Bank from serving as successor trustee.(ReI. TI-685)2NEWS DIGEST,.December 30, 1981
SECURITIES ACT REGISTRATIONSThe f l owing registration st tements have been filed with the SEC pursuant to theSecur1t1es Act of 1933.The 1nformation noted below has been taken from the coverpage and the facing sheet of the prospectus and registration statement and will ppear as follows: ,Form:,Name, address and phone number (if available) of the1ssuer of the secur1ty: T1tle and the number or face amount of the securities ein9 offe:ed: Name o the anaging underwriter(if applicable); Whether the offer1ng 1S r1gh s offer1ng; F11e number and date filed; Assigned Branch; and whetherthe reg1strat10nstatement is a New Issue.7(S-18) TRIMEDYNE, INC., 2452 East Oakton St., Arlington Heights, IL 60005 (312-9521200) - 621,500 units consisting of two shares of common stock and a warrant forthe purchase of one share of common stock (with underlying shares) and representative's unit purchase option.Underwriter:D. H. Blair & Co., Inc.(File 2-75207C- Dec. 7) (Br. 8 - New Issue)(S-16) SEARS, ROEBUCKshares of common& CO., Sears Tower, Chicago, IL 60684 (312-875-2500)stock.(File 2-75496 - Dec. 24) (Br. 2)(S-16) PIONEER CORPORATION,3,492 shares of common- 2,000,000301 South Taylor St., Amarillo, TX 79163 (806-378-3300)stock.(File 2-75499 - Dec. 24) (Br. 8)(S-8) GATX CORPORATION,120 South Riverside Plaza, Chicago, IL 60606 (312-621-6581) 8 million of interests in GATX Personal Retirement Account Plan.(File 2-75504- Dec. 28) (Br. 5)(5-8) IMPELL CORPORATION,220 Montgomery- 569,389 shares of common stock.St., San Francisco, CA 94104 (415-421-2288)(File 2-75505 - Dec. 28) (Br. 9)(S-8) RESORTS INTERNATIONAL,INC., 915 N.E. l25th St., North Miami, FL 33161 (609-3406100) - 7 million of participations.(File 2-75514 - Dec. 28) (Br. 3)(S-14) AMERICAN TELEPHONE AND TELEGRAPH COMPANY, 195 Broadway, New York, NY 10007 (212393-9800) - 6,705,898 shares of common stock.(File 2-75515 - Dec. 28) (Br. 7)(S-16) DOUGHERTY BROTHERS COMPANY, Pine and Tuckahoe Roads, Buena, NJ 08310 (609-6926100) - 37,560 shares of common stock.(File 2-75516 - Dec. 28) (Br. 5)(S-16) ATLANTA GAS LIGHT COMPANY, 235 Peachtree St., N.E., Atlanta, GA 30302 (404-5720123) - 150,000 shares of common stock.(File 2-75517 - Dec. 29) (Br. 7)(S-ll) HUTTON/CONAM REALTY INVESTORS 82, One Boston Pl., Boston, MA 02108 - 80,000units of limited partnership.Underwriter:E.F. Hutton & Company Inc. Thepartnership was fored to invest in up to approximately six residential rentalproperties.(File 2-75519 - Dec. 29) (Br. 5 - New Issue)(S-6) SOUTHEAST TAX-EXEMPT INCOME TRUST SERIES 9 - 10,000 units.Depositor:TheRobinson-.Humphrey Company, Inc., Two Peachtree St., N.W., Atlanta, GA 30303.(File 2-75520 - Dec. 29) (Br. 17 - New Issue)(S-l) TECHNICAL EQUIPMENT LEASING CORPORATION, 625 North Michigan Ave., Suite 1600,Chicago, IL 60611 - 3 million of 18-3/8% Series A Junior Subordinated Debentures.(File 2-75521 - Dec. 29) (Br. 6)(S-8) HAZLETON LABORATORIES CORPORATION, Route 28, sterling, VA 22170 (703-540-6800)409,000 shares of common stock.(File 2-75524 - Dec. 29) (Br. 8)(S-14) FRANKLIN FIRST NATIONAL CORPORATION, U.S. Highway 41A/State Highway 50, Decherd,TN 37324 (615-967-5516) - 200,000 shares of common stock.(File 2-75525 Dec. 22) (Br. 1 - New Issue)(S-8) VERNITRON CORPORATION,2001 Marcus Ave., Lake Success, NY 11042 (516-775-8200)200,000 shares of common stock,(File 2-75527 - Dec. 24) (Br. 7)(S-l) PARKER & PARSLEY 82 DRILLING PROGRAM800 Empire Plaza, Midland, TX 79701 - 16,500limited partnershipinterests and 16,500 possible assessments on,limited partnershipinterests.The partnerships will engage in oil and gas explorat10n, developmentand production.(File 2-75530 - Dec. 29) (Br. 4 - New Issue)(S-8) IPL SYSTEMS, INC., 360 Second Ave., Waltham, MA 02154 (617-890-6620)shares of Class A common stock.(File 2-75531 - Dec. 24) (Br. 10)NEWS DIGEST,December30, 1981- 150,0003
(S-6) SECURITYDepositor:Angeles,CAREGISTRATIONSFIRST LIFE SEPARATE ACCOUNT A . an indefiniteamount of securities.Security First Life InsuranceCompany,1800 Avenue oftheStars,cLos90067.(FHe 2-75533 - Dec. 29) (Br. 20 - New Issue)EFFECTIVEDec. 22:Columbia PicturesIndustriesInc., 2-75248; Compucorp,2-74140; CorporateIncome Fund One Hundred Sixty-FifthShort Term Series, 2-74996; D & 0 Money MarketFund, Inc., 2-73212; DFA Small Company Fund Inc., 2-73948; Dysan Corp., 2-75056;Graphic Scanning Corp., 2-74964; MunicipalInvestmentTrust Fund Two Hundred EighthMonthly Payment Series, 2-74994; Nevada National Leasing Co. Inc., 2-74596; NewYork State Electricand Gas Corp., 2-74999; Paine Webber Income PropertiesFourLimited Partnership,2-73602; Summit Oilfield Corp., 2-74231; VictoriaBankshares,Inc., 2-74648.ACQUISITIONS OF SECURITIESCompaniesand individualsmust report to the Commissionwithin 10 days on Schedulel3D if after the acquisitionof equity securitiesof a public company their beneficial interesttherein exceeds 5%. Persons eligible to use the short form (Schedule13G) may in lieu of filing a Schedule 130 file a Schedule 13G within forty-fivedays after the end of the calendar year in which the person became subject toSection 13(d) (1). The following companies or individualsfiled Schedule 130'sS 9.The number of shares of. theduring the period October 6 Decembersecurity which are beneficiallyowned, an t e number of shares concerningwh chthere is a right to acquire are set forth for each beneficialowner.*AmendedAcquisitionReports.cf tl.REPORTINGCCMPANYOR INDlVIOOALISSUERFinancial Land InvestmentAljo Developnent Inc.Philip.Corp.&NUMBER OF SHARESIl1\TE FILEDExecutive Industries,Inc. (Anahe;im,Caunon Stock - 61,100 sharesCA)10-6-81J. Matthews J Properties, Ltd. (Sacramento, CA)Units of Limited Partnerships- 250,000John C. MackayETulip Investment Ca!pmyTulip CorporationPortee, Inc. (Oak Brook, IL)Caunon Stock - 191,600 shares11-23-8111-30-81Fred Teshi.nskylAlcy Tesh.insky,*et alRichard A. BartonJames F. BartonJ. F. Barton ContractingJohn P. BartcrlDBP PartnersCo.Property Investors of Colorado (Denver, CO)11-30-81Shares of Beneficial Interest- 359,459 (22.2%)(249,498 of above shares were acquiredpursuant to the Terrler Offer.)Sentry Manufacturing Calpany (Chickaska,Common Stock - 102,200 shares (13.88%)*Bucyrus - Erie CcJrpanyB-E Acx;lUisitions, Inc.Westem Gear CorporationIraSochetcapitol InternationalAH:ways (Snyrna,Common Stock - 20,800 sharescamon Stock - 142,852 sharesOn conversion of N: tes* warren*(Lynwood, CA)Shares (98.3%)11-30-81'IN)12-1-81Central eand Realty Trust (Mf.nneap: lis,MN)12-1-81Shares of BeneficialInterest- 47,500Victoria Financial CorporationClassified Financial Corp. (Waukesha, WI)Catm:m Stock - 68,200 sharesPeter Cundi11 & Associates,Falstaff Brewing Corporation (Corte Madera,Oomman Stock - 645,000 shares (14.4%)Ltd.12-1-81CA)Geneve capital Group, Inc.Independence Holding Cmpmy(Atlanta, )Southem Life & Health Insurance Co.Common Stock - 839,400 shares (31.97%)Standard Security Life Insurancecazpany of411-30-81Common Stock - 6,009,086E. ,December30, 1981
ACQUISITION*REPORTS,oont.lc::: Energy IJmited(U .K. )Graham Fergusoo Lacey (U.K.)Waltons Bond IJmited(Australia)Cook International, Inc.Sinplioity Patterncatmeroial ServicesLtd. (canada)Kenneth M. Stephenson (canada)Kenaoo3M: Stock Fanns Ltd.Hospital Corporation*TransTexas(Canada)of AmericaAir Co:q;x: ration, ParentAirlines,International12-1-81(28.7%)Texan Fnergy Corporation(Houston, TX)Common Stock - 190,000 sharesCOmmon Stock - 112,500 shareson exerciseof option12-1-81Texan Energy Corporation(Houston, TX)Cammon Stock - 150,000 sharesCammon Stock - 37,500 shareson exercise of option12-1-81Beverly Enterprises(Pasadena, CA)Cammon Stock - 1,100,000 shares12-2-81Continental Air Lines,Inc.lee A. AsseoInc.(Los Angeles,12-2-81(Fa.nningtcn, CT)12-2-81Stock - 878,594 sharesOammonet al*CSX CorporationNational Mine Service Ccxrpany (Pittsburgh,Cammon Stock - 1,154,472 shares (23.8%)*AIrconGroup, Inc.ConsolidatedGold Fields Ltd.(U.K.), ParentNelr.m:JntPalIoor York, Jr.Mary F. YorkPortsnnuthRalph M. Clark, TrusteePro Scan, Inc. (Denver, X»Cammon Stock - 2,000,000 shares*CA)Stock - 15,589,300 shares (100%)CornmanEmhart CorporationCitibank,N.A., Co-TrusteeTauni de LessepsWilliam A. Godfrey, Trustee,(NYC)Co. Inc.COmmon Stock - 3,944,000 sharesMining Corporation(NYC)Cammon Stock - 5,725,500 sharesSquare, Inc.PAl12-2-8112-2-81(21.2%)(San Diego, CAl12-2-81Cammon Stock - 38,119 shares12-2-81(12.2%)Maurice WienerTranscx Realty Trust (Boston, MA)Shares of Beneficial Interest- BO, 667PhilipAmericanZuckennan (Israel)Heliothennal Corp.12-2-81(Engle1oUOd, CO)12-3-81Cammon Stock - 5,340,000 shares (22.1%)***MichaelRockwood Insuranceof IndianaCentury Realty Trust (Indianapolis, !N)Shares of Beneficial Interest- 77,771(Beaver,Cammon Stock - 101,000 sharesCatpanyBass B.vuthers Enterprises,ChaDpion Parts Rebuilders, Inc.Cammon Stock - 297,079 sharesInc.12-3-81(10.9%)(Oak Brook,12-3-81n.)12-3-61(17%)CitizensM:lrtgage Invest:IIent Trust (Boston, MA)Shares of Beneficial Interest- 130,10012:-3-81Corporation( l1y-ownedsubsidiary ofSears, Roebuck s Co.)Sears, Roebuck & Co.Coldwell, Banker & Calpany (IDs Angeles, CA)Common Stock 2,369,338 shares (46%)12-3-81DesigncraftInc.Heritage Erlterprises12-3-81Nalon Ltd.Winston Management & Invest:IIentLeonard M. Geyer* Sears DevelcpnentNEWSBaker CorporationPAlPeter Cundill & Associates,Ltd. s Angeles, CA)Cammon Stock - 150,000 shares30,1981(17.1%)5
ACQUISITIONREPORTS,cont.IXlnald G. CharlxxmeauClare Chal:bonneauWill.al:d J. Robertscarolyn NoelHingeline0I7erthrust& Gas, Inc.(Salt Lake City, Ul')COmmon Stock - 1,357,300 shares(13.35%). Philip M:!SSinger, Individually,CUstodian & TrusteeOil12-3-81New Yorker fagazine,Inc. (NYC)COmmon Stock - 100,740 shares (12.4%)12-3-81caryl Ellen MessingerArthur Fishman, TrusteeBruce JeffreyM:!SSingerKaren Mi!SSinger. Mason W. McLainReservePetroleunCcJtpany(Oklahana City,(12.1%)OK)12-3-81COmmon Stock - 21,088 sharescarroll FulmerFulmerFulmerFulmer Brothers TransferServAmerica, Inc. (Jacksonville,FL)COmmon Stock - 6,719,445 shares (98%)Exchangeable Preferred Stock - 211,188MackariahZackariahSupply,Inc. Lee GrayIndivi-SWitzerShat.Imrt: Corp: ration(Boston, MA)COmmon Stock - 255,700 shares12-3-8112-3-81Washington Corporation(Chevy Chase, M»COmmon Stock - 209,964 sharesCOmmon Stock - 485,719 shareson conversionof Preferred StockCOmmon Stock - 65,250 shareson exercise of options12-3-81(mncm,OK) 12-3-81Aneloo Corporation(lbno1ulu,HI)COmmon Stock - 682,547 shares (42.8%)Trustee Col:poratiatInc.TransooT. E. Williams Phannaceuticals,Inc.Common Stock - 2,000,000 shares. George W. Murphy6(90.6%)Realty Trust (Boston, MA)Shares of BeneficialInterest- 151,703D. F. Antonelli,Jr.,dually an1 TrusteeWilliam N. DenasNova Fund,shares&Inc.Gulf Westem Industries,Charles G. an HeliothermalCorp.(Englewood,COmmon Stock - 2,336,092 sharesCOmmon Stock 58,742 shareson exercise of warrants(0)12-4-81American Heliothennal Corp. (Englewood,COmmon Stock - 1,779,056 sharesCOmmon Stock 59,301 sharesat exercise of warrants(0)12-4-81. Galdi Securities Corp.Rita D. Ga1diJoseph C. Galdi IIGregory G. GaldiDiane L. Ga1diBankeast Corporation. PennsylvaniaEngineeringCorp.Security Management Corp.Victor PosnerBliss(Manchester,Common Stock - 29,566 shares& LaughlinIOOustriesInc.Common Stock - 720,645 sharesNH)12-4-81(Oak Brook,(10.8%)IL)12-4-81FSC Corp.casco-Northern Corporation(Postlan1,ME)Common Stock - 200,000 shares (23%)on conversionof PreferredStockCOmmon Stock - 121,524 sharesat exercise of warrant12-4-81Kenneth A. NealHanac Inoorporated(Detroit,MI)COmmon Stock - 42,100 sharesCcmman Stock - 52,500 shareson exercise of optionsCcmman Stock - 86,153 shareson conversionof PreferredStock12-4-81NEWS DIGEST,December30,1981
ACQUISITION REPORTS,*Ozark Nationalcont.Insurance Co.Co.Life!oi:lde.m Security Life InsuranceWabash Life Insurance Co.Robert T. ShawC. Fred Rice, et al*GeorgiaAtlanticAtlanticBankerset al*Libora canpany, N.V.Antilles)LincolnIncxtte Life InSurance CcJlpany(Louisville,KY)CcJmon Stock - 95,417 shares12-4-81Casualty & Surety Co.ROOdes, Inc. (Atlanta, GA)Anerican Life Insurance Co.CcJmon Stock - 358,900 sharesAnerican Col:lX rationFidelityLife Insurance Co.,(Netherlan1s12-4-81United Merchants and Manufacturers,Inc. (lI.'YC)CcJmon Stock - 1,467,295 shares (22.43%)12-4-81Western Air Lines, Inc. (Los Angeles, CA) 2.00 Conv. Preferred Stock. - 95,200 shares12-4-81Investment Trust Co. Ltd.(Israel)Uzi Ruskin (Israel), et a1Piryon*Bass Brothers Enterprises,BRl' Investments1 D. Dean RhoadsD. Dean RhoadsW::l1verine AlmUnun Corporation(Lincoln Park, MI) 12-4-81CcJmon Stock - 208,238 sharescamun Stock - 32,082 shareson exercise of options*Jonathan P. SchwartzNottingham Partners1IFAProtectiveSystems, Inc. (NYC)CcJmon Stock - 63,500 shares (18.6%)12-7-81*National City Lines, Inc.lU, Inc.Southl.lest IDuisiana Land Co. Inc.Harold C. Sinm::ms, et alAmalgamated Sugar CcJlpany (Ogden,CammonStock - 221,900 shares12-7-81Crest Investments,(Panama)J.lnerican Heliothennal Corp. (Englel.iood,CcJmon Stock - 2,916,167 sharesCcJmon Stock 142,315 shareson exercise of warrantsInc.Trust datedJanuary 12, 1977W::lr1dmarkCorporationProduction Finishing CorporationCentury Holdings,Inco:rporatedInco:rporatedJ.lnerican Heliothennal CorporationCcJmon Stock - 3,267,868 sharesCcJmon Stock 103,398 shares·on exercise of warrantsS.A.CMI' Investlnent(Panama)*De1tec PanamericaJerry FinkelsteinJanes A. Fink:e1steinSteven BaumanM.IXme(X»12-7-81Chock Full O'Nuts Corporation(NYC)Cammon Stock - 244,000 shares12-7-81Unterberg,CredithriftFinancial,Inc. (Evansville,IN) 2.75 Conv. Preferred Stock - 40,200 lewood,AbramsL. F. Rothschild,TcwbinA. Richard12-7-81(X»Ccr.pany (Los Angeles, CA)12-7-81Shares of BeneficialInterest- 273,674 (12.2%)Preferred Shares of BeneficialInterest- 638,478 (32.8%)(Panama)BurtontJI')Mines Limited(Canada)tu: Energy Inc.(Vholly-a.m.ed subsidiarytu: Energy Ltd. (U.K.)ofInc.(Stanton,CA)Stock - 75,626 sharesJ:lcrre Petroleun Limited (Calgary, Alta.,Canada)Cammon Stock - 66,780,500 shares (26.71%)12-7-81Energy capitalDevelopnent Corp. (Denver, (X»Cammon Stock - 5,000,000 shares(11.7%)(1)0: has entered into an agreement to acquire12-7-81above shares.)NEWS DIGEST, December30,19817
New Midland and Ventures. (ReI. IC 1213l Dec. 29) HOLDING COMPANY ACT RELEASES JERSEY CENTRAL POWER & LIGHT COMPANY A supplemental order has been issued authorizing Jersey Central Power & Light Com-pany, subsidiary of General Public Utilities Corporation,
