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Federal R

eserve
N ew

Y o rk ,

Ba n k

of

N . Y.

10045

N ew Yo r k

A R E A CODE 212 7 3 2 -5 7 0 0

July IT, 1970

L IS T OF OTC MARGIN STOCKS
As o f J u l y 2 0 , 1 970

To A l l P e r s o n s E x t e n d i n g S e c u r i t i e s C r e d i t
in th e Second F e d e r a l R ese rv e D i s t r i c t :
F o l l o w i n g i s t h e t e x t o f a s t a t e m e n t i s s u e d b y t h e B o a rd o f G o v e r n o r s
o f t h e F e d e r a l R e s e r v e S y s te m , f o r r e l e a s e J u l y 20:
The B o a rd o f G o v e r n o r s o f t h e F e d e r a l R e s e r v e S y s te m t o d a y
p u b l i s h e d a r e v i s e d l i s t o f 390 " o v e r - t h e - c o u n t e r " (OTC) s t o c k s
t h a t a r e s u b j e c t t o i t s m a r g in r e g u l a t i o n s e f f e c t i v e a t t h e
o p e n i n g o f b u s i n e s s M onday ( J u l y 2 0 ).
T he a t t a c h e d l i s t s u p e r s e d e s t h e o r i g i n a l OTC m a r g in s t o c k
l i s t t h a t w e n t i n t o e f f e c t on J u l y 8 , 1 9 6 9 , a n d w h ic h i n c l u d e d
i n i t i a l l y a b o u t 290 s t o c k s s u b j e c t t o m a r g in r e g u l a t i o n s .
M in o r r e v i s i o n s w e re m ade i n t h a t l i s t d u r i n g t h e p a s t y e a r .
M a r g in r e g u l a t i o n s g e n e r a l l y l i m i t t h e am o u n t o f c r e d i t a
p e r s o n o r f i r m may o b t a i n t o b u y o r c a r r y s e c u r i t i e s .
S to c k s
o n t h e OTC m a r g in l i s t a r e s u b j e c t t o t h e sam e m a r g in r e q u i r e ­
m e n ts ( p r e s e n t l y 65 p e r c e n t ) a s s t o c k s l i s t e d on n a t i o n a l
exchanges.
T h i s m eans a p e r s o n o r f i r m b u y i n g a s t o c k on
c r e d i t m u s t m ake a down p a y m e n t e q u a l t o a l e a s t 65 p e r c e n t
o f t h e p u r c h a s e p r i c e o f t h e s t o c k a n d may o b t a i n c r e d i t f o r
t h e r e m a i n i n g 35 p e r c e n t .
The m a r g in r e q u i r e m e n t t o p u r c h a s e
o r c a r r y b o n d s c o n v e r t i b l e i n t o m a r g in s t o c k s i s p r e s e n t l y
50 p e r c e n t .
OTC s t o c k s f i r s t b ec am e s u b j e c t t o m a r g in r e q u i r e m e n t s on
J u l y 8 , 1 9 6 9 , p u r s u a n t t o a n A c t ( P .L . 9 0 - 4 3 7 ) a d o p t e d b y
C o n g re ss t h e y e a r b e f o r e .
P r i o r t o t h a t d a t e , o n ly s to c k s
l i s t e d on n a t i o n a l e x c h a n g e s , a n d b o n d s c o n v e r t i b l e i n t o l i s t e d
s t o c k s , w e re s u b j e c t t o m a r g in r e q u i r e m e n t s .
OTC m a rg in s t o c k s




(Over)

a r e th o s e d e te rm in e d t o h av e c h a r a c t e r i s t i c s
r e g i s t e r e d on n a t i o n a l e x c h a n g e s .

s im ila r to s to c k s

M a r g in r e q u i r e m e n t s on OTC s t o c k s a p p l y o n l y t o c r e d i t
e x t e n d e d on t h e d a t e t h e s t o c k b e c o m e s a n OTC m a r g in s t o c k a n d
th e re a fte r.
C r e d i t e x t e n d e d b y b a n k s t o p u r c h a s e o r c a r r y OTC
s t o c k s b e f o r e t h e y a p p e a r e d on t h e l i s t b e c o m e s s u b j e c t on t h a t
d a t e t o t h e r e t e n t i o n a n d - w ith d r a w a l r e q u i r e m e n t s o f t h e B o a r d ’s
m a r g in R e g u l a t i o n U i f t h e c r e d i t i s c o l l a t e r a l i z e d b y a n y
s to c k .
Such c r e d i t p r e v io u s l y e x te n d e d b y l e n d e r s s u b j e c t t o
R e g u l a t i o n G (w h ic h g o v e r n s s e c u r i t i e s c r e d i t b y p e r s o n s o t h e r
th a n h a n k s , b r o k e r s , o r d e a l e r s ) becom es s u b j e c t t o r e t e n t i o n
a n d w i t h d r a w a l r e q u i r e m e n t s i f c o l l a t e r a l i z e d b y " m a rg in
s e c u ritie s . "
S t o c k s a p p e a r i n g on t h e OTC m a r g in l i s t h a v e n o t b e e n
a p p r o v e d i n a n y w ay b y t h e B o a r d , a n d r e p r e s e n t a t i o n b y a n y
p e r s o n t h a t t h e i r a p p e a r a n c e on t h e l i s t i n d i c a t e s a p p r o v a l b y
t h e B o a rd o r a n y g o v e r n m e n t a g e n c y i s u n l a w f u l .
The l i s t i s p u b l i s h e d b y t h e B o a rd f o r t h e
o f le n d e rs and th e g e n e ra l p u b l i c .

to

E n c lo s e d i s a copy o f th e r e v is e d l i s t
in th e above s ta te m e n t.




in fo rm a tio n

o f OTC m a r g in s t o c k s r e f e r r e d

ALFRED HAYES,
P re s id e n t.

LIST OF OTC MARGIN STOCKS
as of July 20, 1970
1

This list of "OTC margin stocks" is comprised of stocks
traded over the counter (OTC) that have been determined by the
Board of Governors of the Federal Reserve System to be subject to
margin requirements as of July 20, 1970, pursuant to Sections
207.2(f) of Federal Reserve Regulation G, "Securities Credit by
Persons other than Banks, Brokers, or Dealers," 220.2(e) of Reg­
ulation T, "Credit by Brokers and Dealers," and 221.3(d) of Reg­
ulation U, "Credit by Banks for the Purpose of Purchasing or
Carrying Margin Stocks."
The list is published from time to time by the Board as
a guide for lenders subject to the regulations and the general
public. Stocks will be added to the list, or deleted, in the in­
terim between publications as deemed appropriate by the Board.
This list supersedes the initial list of OTC margin stocks pub­
lished as of July 8, 1969, including changes thereto. For cur­
rent information contact the nearest Federal Reserve Bank.

CAUTION: Stocks appearing on the list have not been
approved, in any way, by the Board and representation by any per­
son that their appearance on the list indicates approval by the
Board or any government agency is unlawful.
Any inquiry relating to this list or to Regulations G,
T, or U should be addressed to the nearest Federal Reserve Bank.




(Prepared for Purposes of Regulations G, T, and U)
BOARD OF GOVERNORS
OF THE FEDERAL RESERVE SYSTEM
WASHINGTON

AITS, INC.
Common

ANADITE, INC.
Common

BEEFLAND INTERNATIONAL, INC.
Common

AVM CORPORATION
$1.00 par common

ANHEUSER-BUSCH, INCORPORATED
$1.00 par common

BETZ LABORATORIES, INC.
$.10 par common

ACUSHNET COMPANY
Common

ANIXTER BROTHERS, INC.
Common

BIBB MANUFACTURING COMPANY
$12,50 par common

ADDISON-WESLEY PUBLISHING COMPANY,
INC.
Class B, no par common

APPLEBAUMS' FOOD MARKETS, INC.
Common

BIO-DYNAMICS, INC.
No par common

ARDEN-MAYFAIR, INC.
Common

BLACK HILLS POWER AND LIGHT
COMPANY
$1.00 par common

ADVANCE ROSS CORPORATION
$.10 par common
ALEXANDER & BALDWIN, INC.
No par common
ALLEGHENY BEVERAGE CORPORATION
$1.00 par common
ALLYN AND BACON, INC.
$.50 par common
ALPHANUMERIC INC.
Common
ALPINE GEOPHYSICAL ASSOCIATES, INC.
$.10 par common
AMERICAN EXPRESS COMPANY
$1.66 2/3 par common
$1.50 convertible preferred
AMERICAN FIDELITY LIFE INSURANCE
COMPANY
$1.00 par common
AMERICAN FURNITURE COMPANY, INC.
$1.00 par common
AMERICAN GREETINGS CORPORATION
Class A, $1.00 par common
AMERICAN HERITAGE LIFE INVESTMENT
CORPORATION
$1.00 par common
AMERICAN MEDICORP, INC.
Common
AMERICAN NATIONAL INSURANCE COMPANY
$1.00 par common
AMERICAN NUCLEAR CORPORATION
$.04 par common
AMERICAN RE-INSURANCE CO.
$3.00 par capital
AMERICAN SAVINGS & LOAN ASSOCIATION
Permanent reserve guarantee
stock
AMERICAN SECURITY AND TRUST COMPANY
(Unit) Capital
AMERICAN WELDING & MANUFACTURING
COMPANY, THE
No par common




ARKANSAS-MISSOURI POWER COMPANY
$2.50 par common
ARKANSAS WESTERN GAS COMPANY
$2.50 par common
ARROW-HART, INC.
Common
ARVIDA CORPORATION
Common

BOLT BERANEK AND NEWMAN INC.
No par common
BRENCO, INCORPORATED
$1.00 par common
BROWNING ARMS COMPANY
Capital
BRUSH BERYLLIUM COMPANY, THE
Common

ASSOCIATED COCA-COLA BOTTLING CO.,
INC.
$1.00 par common

BUCKBEE-MEARS COMPANY
$.10 par common

ASSOCIATED TRUCK LINES, INC.
Common

BUCKEYE INTERNATIONAL, INC.
Common

ATLANTA GAS LIGHT COMPANY
$5.00 par common

CP FINANCIAL CORP.
$1.00 par common

BMA CORPORATION
$2.00 par common

CALIFORNIA-WESTERN STATES LIFE
INSURANCE COMPANY
Common capital

BAIRD-ATOMIC, INC.
$1.00 par common
BANGOR HYDRO-ELECTRIC CO.
$5.00 par common
BANK OF HAWAII
Common
BANKAMERICA CORPORATION
$6.25 par common
BANKERS NATIONAL LIFE INSURANCE
COMPANY
$2.00 par capital
BARBER-GREENE COMPANY
$5.00 par common
BARDEN CORPORATION, THE
$1.00 par common

CAPITAL HOLDING CORPORATION
$1.00 par common
CAPITOL INTERNATIONAL AIRWAYS, INC
Common
CAROLINA CARIBBEAN CORPORATION
Common
CARTE BLANCHE
Class A, capital
CASCADE NATURAL GAS CORPORATION
$1.00 par common
CENTRAL VERMONT PUBLIC SERVICE
CORPORATION
$6.00 par common
CHANCE, A. B. COMPANY
$2.50 par common

BARNES-HIND PHARMACEUTICALS, INC.
Common

CHEMICAL LEAMAN TANK LINES, INC.
$2.50 par common

BAYSTATE CORPORATION
$7.50 par common

CHESAPEAKE INSTRUMENT CORPORATE
$1.00 par common

BEECHAM INC.
$1.00 par common

CHUBB CORPORATION, THE
Capital

2

CITIZENS AND SOUTHERN NATIONAL BANK,
THE
$2.50 par common
CITIZENS UTILITIES COMPANY
$1.00 par common, Series A
$1.00 par common, Series B
CLARK, J. L. MANUFACTURING CO.
Common
CLEVELAND TRUST COMPANY, THE
$20.00 par capital
CLINTON OIL COMPANY
Common
COASTAL STATES LIFE INSURANCE COMPANY
Common
COGNITRONICS CORPORATION
$.20 par common

COLONIAL LIFE & ACCIDENT INSURANCE
CO.
Class B, non-voting
COLONIAL STORES INCORPORATED
$2,50 par common
COMBINED INSURANCE COMPANY
OF AMERICA
$1.00 par common
COMMONWEALTH TELEPHONE COMPANY
$6.66 2/3 par common

CRUTCHER RESOURCES CORPORATION
Common

ERIE TECHNOLOGICAL PRODUCTS, INC.
$2.50 par common

DALLAS AIRMOTIVE, INC.
Common

FABRI-TEK INCORPORATED
$.10 par common

DALTO ELECTRONICS CORPORATION
$.50 par common

FARMERS NEW WORLD LIFE INSURANCE CO.
Common

DASA CORPORATION
$1.00 par common

FARRINGTON MANUFACTURING COMPANY
$1.00 par common

DeLUXE CHECK PRINTERS, INCORPORATED
$1.00 par common

FIDELITY CORPORATION (Virginia)
Common

DELHI INTERNATIONAL OIL CORPORATION
$.10 par common

FIDELITY CORPORATION OF PENNSYLVANIA-$1.00 par common

DETREX CHEMICAL INDUSTRIES, INC.
Common

FIDELITY UNION LIFE INSURANCE COMPAN
$1.00 par common

DETROIT BANK AND TRUST COMPANY, THE
$10.00 par capital
DIAMOND CRYSTAL SALT COMPANY
$2.50 par common
DIEBOLD COMPUTER LEASING, INC.
Class A, $.03 1/3 par common
DISC, INC.
Class A, $1.00 par common
DOWNTOWNER CORPORATION, THE
Common
DOYLE DANE BERNBACH INC.
Common

COMMUNITY HEALTH FACILITIES, INC.
$.50 par common

DURIRON COMPANY, INC., THE
$1.25 par common

COMPUTER USAGE COMPANY, INC.
Common

EASTERN SHOPPING CENTERS, INC.
$5.00 par common

CONNECTICUT GENERAL INSURANCE
CORPORATION
$2.50 par common

ECONOMICS LABORATORY, INC.
Common

CONTINENTAL BANK
$5.00 par common
CONTINENTAL INVESTMENT CORPORATION
Common

EL PASO ELECTRIC COMPANY
No par common
ELECTRO-NUCLEONICS, INC.
$.02 1/2 par common

FIDELITY UNION TRUST COMPANY
$5.00 par capital
FIRST & MERCHANTS CORPORATION
$10.00 par common
FIRST BANK SYSTEM, INC.
$5.00 par common
FIRST CITY NATIONAL BANK OF HOUSTON
Common
FIRST EMPIRE STATE CORPORATION
$5.00 par common
FIRST JERSEY NATIONAL CORPORATION
$5.00 par common
FIRST MERCHANTS NATIONAL BANK,
ASBURY PARK
$2.50 par common
FIRST NATIONAL BANK IN DALLAS
$10.00 par common
FIRST NATIONAL BANK OF BOSTON, THE
$12.50 par capital
FIRST NATIONAL CORPORATION
Class A

ELECTRONIC DATA SYSTEMS CORPORATION
No par common

FIRST NATIONAL HOLDING CORPORATION
(Memphis, Tennessee)
Common

CONTRAN CORPORATION
$1.00 par common

EMPIRE LIFE INSURANCE COMPANY
OF AMERICA
$1.00 par common

FIRST PENNSYLVANIA CORPORATION
$5.00 par common

COOPER LABORATORIES, INC.
$.10 par common

ENERGY CONVERSION DEVICES, INC.
$.01 par common

FIRST VIRGINIA BANKSHARES CORPORATIOl
$1.00 par common

CORNELIUS COMPANY, THE
Common

ENERGY RESOURCES CORPORATION
$1.00 par common

FLICKINGER, S. M. CO., INC.
$2.50 par common

CROCKER NATIONAL CORPORATION
$10.00 par common

EPSCO, INCORPORATED
No par common

FLORIDA TELEPHONE CORPORATION
Class A, $2.50 par common

CROSS COMPANY, THE
$5.00 par common

EQUITY OIL COMPANY
$1.00 par common

FOOD FAIR PROPERTIES, INC.
$.01 par common

CONTINENTAL MORTGAGE INSURANCE CO.
Common




3

FOTOMAT CORPORATION
No par common

GREEN MOUNTAIN POWER CORPORATION
Common

INDUSTRIAL NUCLEONICS
No par common

FOUNDERS FINANCIAL CORPORATION
Common

GYRODYNE COMPANY OF AMERICA, INC.
$1.00 par common

INEXCO OIL COMPANY
$.02 par common

FRANKLIN LIFE INSURANCE COMPANY, THE
Common

HAMILTON INTERNATIONAL CORPORATION
Class A, common

INFORMATICS, INC.
$.10 par common

FRANKLIN NEW YORK CORPORATION
Common
Convertible preferred

HANOVER INSURANCE COMPANY, THE
Common

INTEGON CORPORATION
Common

HARDEE'S FOOD SYSTEMS, INC.
No par common

INTEGRATED CONTAINER SERVICE
INDUSTRIES CORP.
$1.00 par common

FRIENDLY ICE CREAM CORPORATION
$1.00 par common
GRT CORPORATION
No par common
GAS SERVICE COMPANY, THE
$5.00 par common
GATES LEARJET CORPORATION
$1.00 par common
GEIMAN INSTRUMENT COMPANY
No par common
GENERAL AIRCRAFT CORPORATION
$1.00 par common
GENERAL MEDICAL CORPORATION
Common
GENERAL UNITED GROUP, INCORPORATED
$.25 par common

HARRIS TRUST AND SAVINGS BANK
Capital
HARTFORD FIRE INSURANCE COMPANY
Common
HASBRO INDUSTRIES, INC.
$.50 par common
HAVEN INDUSTRIES, INC.
$.01 par common
HAWAIIAN AIRLINES, INC.
Common
HAWTHORNE FINANCIAL CORPORATION
Capital
HEATH TECNA CORPORATION
No par common, $.25 stated value

INTERFINANCIAL INC.
Common
INTERNATIONAL BOOK CORPORATION
$.02 par common
INTERNATIONAL MULTIFOODS CORPORATION
$1.00 par common
INTERNATIONAL TEXTBOOK CO.
(INTEXT)
No par common
INTERSTATE CORPORATION, THE
$1.00 par common, capital
INVESTMENT CORP. OF FLORIDA
Common

HERFF JONES CO.
No par common

IOWA SOUTHERN UTILITIES COMPANY
$10.00 par common

HILLHAVEN INC.
$.16 2/3 par common

JAMES, FRED S. & CO., INC.
$.50 par common

HONOLULU GAS COMPANY, LIMITED
$10.00 par common

JAMESBURY CORP.
$1.00 par common

GLEASON WORKS
Common

HOOVER COMPANY, THE
$2.50 par common

JET AVION CORPORATION
$.10 par common

GOLDEN CYCLE CORPORATION, THE
No par common

HORIZON CORPORATION
$.01 par common

GOVERNMENT EMPLOYEES INSURANCE
COMPANY
$4.00 par common

HOSPITAL CORPORATION OF AMERICA
$1.00 par common

GEORGIA INTERNATIONAL CORPORATION
$1.00 par common
GIFFORD-HILL & COMPANY, INC.
$2.00 par common
GIRARD COMPANY, THE
$1.00 par common

GOVERNMENT EMPLOYEES LIFE INSURANCE
COMPANY
$1.50 par common
GRAPHIC CONTROLS CORPORATION
$1.00 par common
GRAPHIC SCIENCES, INC.
$.50 par common

HYATT CORPORATION
Common
HYSTER COMPANY
$.50 par common
ISI CORPORATION
No par common

KDI CORPORATION
$.35 par common
KMS INDUSTRIES, INC.
$.01 par common
KAISER STEEL CORPORATION
$.66 2/3 par common
$1.46 preferred
KALVAR CORPORATION
$.02 par capital

INDEPENDENT LIFE AND ACCIDENT
INSURANCE COMPANY, THE
Non-voting common

KAMAN CORPORATION
Class A, common

GREAT COMMONWEALTH LIFE INSURANCE
COMPANY
$1.00 par common

INDIANA GAS COMPANY, INC.
No par common

KEARNEY & TRECKER CORPORATION
$2.00 par common

GREAT SOUTHWEST CORP.
Common

INDIANAPOLIS WATER COMPANY
$7.50 par common

KELLWOOD COMPANY
Common




4

KENTUCKY CENTRAL LIFE INSURANCE
COMPANY
Class A, non-voting

MANAGEMENT ASSISTANCE INC.
$.10 par common

NATIONAL MEDICAL ENTERPRISES
Class A, Common

KEYES FIBRE COMPANY
$1.00 par common

MANUFACTURERS NATIONAL BANK
OF DETROIT
$10.00 par common

NATIONAL OLD LINE INSURANCE COMPANY
Class BB, non-voting, $1.00 par
common

KEYSTONE CUSTODIAN FUNDS, INC.
Class A, common

MARATHON MANUFACTURING COMPANY
Common

NATIONAL SEMICONDUCTOR CORPORATION
Common

KING RESOURCES COMPANY
Common

MEDIC-HOME ENTERPRISES INC.
Common

NATIONAL STUDENT MARKETING CORP.
$.01 par common

KUHLMAN CORPORATION
$1.00 par common

MELLON NATIONAL BANK AND TRUST CO.
Common

NATIONAL WESTERN LIFE INSURANCE CO.
Class A, common

MIDAS-INTERNATIONAL CORPORATION
Class A, $1.00 par common

NATIONWIDE CORPORATION
Class A, common

MIDLANTIC BANKS, INC.
$10.00 par capital

NEW ENGLAND GAS AND ELECTRIC
ASSOCIATION
$4.00 par common

LANCE INC.
$2.50 par common
LANDA INDUSTRIES, INC.
$.10 par common
LANE WOOD, INC.
No par common
LEHIGH COAL AND NAVIGATION COMPANY,
THE
$1.00 par common
LIBERTY EQUITIES CORPORATION
$1.00 par common
LIBERTY NATIONAL LIFE INSURANCE
COMPANY
$2.00 par common, capital
LILLY, ELI AND COMPANY
$1.25 par common

MILLIPORE CORPORATION
$.33 1/3 par common
MOGUL CORPORATION, THE
No par common
MOHAWK RUBBER COMPANY, THE
$1.00 par common
MONARCH CAPITAL CORPORATION
$1.00 par common
MONMOUTH COUNTY NATIONAL BANK,
THE (Red Bank)
Common capital

LINCOLN CONSOLIDATED, INC.
$1.00 par common

NEW JERSEY NATIONAL BANK AND TRUST
COMPANY
Common
NEWHALL LAND AND FARMING COMPANY, THE
Common
NICHOLSON FILE COMPANY
$1.00 par common

MONUMENTAL CORPORATION
$5.00 par common

NIELSEN, A. C. COMPANY
Class A, common
Class B, common

MOORE, SAMUEL AND COMPANY
No par common

NORTH AMERICAN LIFE & CASUALTY
COMPANY
$1.00 par common

LIN BROADCASTING CORPORATION
Common
LINCOLN AMERICAN CORPORATION
$1.00 par common

NEW ENGLAND MERCHANTS NATIONAL BANK
$5.00 par capital

MURPHY PACIFIC MARINE SALVAGE
COMPANY
No par common

LINCOLN FIRST BANKS INC.
$10.00 par common

MUTUAL SAVINGS LIFE INSURANCE
COMPANY
Common

LOMAS & NETTLETON FINANCIAL
CORPORATION
$2.00 par common

NCNB CORPORATION
$5.00 par common

NORTH CAROLINA NATURAL GAS CORP.
$2.50 par common
NORTH CENTRAL AIRLINES INC.
$.20 par common
NORTHWEST NATURAL GAS COMPANY
$3.00 1/6 par common
NORTHWESTERN NATIONAL LIFE
INSURANCE COMPANY
$2.50 par common

LOUISIANA AND SOUTHERN LIFE INSURANCE
COMPANY
$1.00 par common

NLT CORPORATION
$5.00 par common

MPB CORPORATION
$1.00 par common

NATIONAL BANK OF DETROIT
Common capital

NOXELL CORPORATION
Class B, non-voting
$1.00 par common

MAINE SUGAR INDUSTRIES, INC.
$1.25 par common

NATIONAL CITY BANK OF CLEVELAND, THE
$8.00 par common

OCEAN DRILLING & EXPLORATION COMPANY
$.50 par common

MAJOR REALTY CORPORATION
$.01 par common

NATIONAL LIBERTY CORPORATION
Common

OHIO ART COMPANY
Common

MALLINCKRODT CHEMICAL WORKS
Class A, non-voting common

NATIONAL LIFE OF FLORIDA CORPORATION
Common

OHIO CASUALTY CORPORATION
$.50 par common




5

OIL SHALE CORPORATION, THE
$.15 par common

PIZZA HUT, INC.
$.01 par common

SEATTLE-FIRST NATIONAL BANK
$10.00 par common

OLD LINE LIFE INSURANCE COMPANY
OF AMERICA, THE
$1.33 1/3 par common

PROFESSIONAL GOLF COMPANY, INC.
Common

SECURITY NATIONAL BANK
(Huntington, New York)
$5.00 par common

PROVIDENT LIFE & ACCIDENT INSURANCE
ORMONT DRUG & CHEMICAL CO., INC.
$.10 par common

CO.

Common

SECURITY PACIFIC NATIONAL BANK
$10.00 par capital

OTTER TAIL POWER COMPANY
Common

PROVIDENT LIFE INSURANCE COMPANY
$2.50 par common

SEISMIC COMPUTING CORP.
$.10 par common

OVERSEAS NATIONAL AIRWAYS, INC.
$1.00 par common

PROVIDENT NATIONAL CORPORATION
$1.00 par common

SEVEN-UP COMPANY, THE
$1.00 par common

OZITE CORPORATION
$1.00 par common

PUBLIC SERVICE COMPANY
OF NEW HAMPSHIRE
$5.00 par common

SHAKESPEARE COMPANY
Common

PNB CORPORATION
$1.00 par common
PABST BREWING COMPANY
Common

PUBLIC SERVICE COMPANY
OF NEW MEXICO
$5.00 par common

SHAREHOLDERS CAPITAL CORPORATION
$.50 par common
SHAWMUT ASSOCIATION, INC.
Common

PANOIL COMPANY
$.10 par common

PUBLIC SERVICE CO. OF N. C. ,
INC.
$1.00 par common

SHOP RITE FOODS, INC.
Common

PARKER DRILLING COMPANY
$1.00 par common

PUBLISHERS COMPANY, INC.
$.40 par common

SIMON & SCHUSTER INC.
Common

PARKVIEW-GEM, INC.
Common

RANSBURG ELECTRO-COATING CORP.
Common

SMITH'S TRANSFER CORPORATION
$2.50 par common

PAULEY PETROLEUM INC.
Common

RECOGNITION EQUIPMENT INCORPORATED
$.25 par common

SOUTHERN INDUSTRIES CORPORATION
No par common

PAVELLE CORPORATION, THE
$.10 par common

REPUBLIC NATIONAL BANK OF DALLAS
$6.00 par capital

SOUTHERN NEW ENGLAND TELEPHONE
COMPANY, THE
$25.00 par common

PAY'N SAVE CORPORATION
No par common

REPUBLIC NATIONAL LIFE INSURANCE
COMPANY
Common

SOUTHERN UNION GAS COMPANY
$1.00 par common

RICHMOND CORPORATION
Common

SOUTHLAND CORPORATION, THE
$.01 par common

RIGGS NATIONAL BANK
Common

SOUTHWEST GAS CORPORATION
Common

RIVAL MANUFACTURING COMPANY
Common

SOUTHWEST GAS PRODUCING COMPANY,
INC.
$1.00 par common

PENNSYLVANIA ENGINEERING CORPORATION
Common
PENNSYLVANIA GAS AND WATER COMPANY
Common
PENNSYLVANIA LIFE COMPANY
$1.00 par common
PETTIBONE CORPORATION
$10.00 par common
PHILADELPHIA LIFE INSURANCE COMPANY
$1.00 par common
PHILADELPHIA SUBURBAN CORPORATION
$1.00 par common

PHOTON, INC.
$1.00 par common

ROBERTS COMPANY
$1.00 par common
RUSSELL STOVER CANDIES, INC.
Common
SAFECO CORPORATION
$5.00 par common
SCIENTIFIC CONTROL CORPORATION
$.20 par common

SOUTHWESTERN LIFE INSURANCE COMPANY
$2.50 par capital
SOVEREIGN INDUSTRIES, INC.
$.04 par common
SPANG INDUSTRIES INC.
$1.00 par common
ST. PAUL COMPANIES, INC., THE
Common

PIEDMONT AVIATION, INC.
$1.00 par common

SCOTT, 0. M. & SONS COMPANY, THE
Class A, non-voting,
$.10 par common

STANDARD REGISTER COMPANY, THE
Common

PITTSBURGH NATIONAL CORPORATION
$10.00 par common

SCRIPTO, INC.
$.50 par common

STATE STREET BANK AND TRUST COMPANY
$10.00 par common




6

SUBSCRIPTION TELEVISION, INC.
$.01 par capital
SUGARDALE FOODS, INC.
No par common

TYSON'S FOODS, INC.
Common

SUPERIOR ELECTRIC COMPANY, THE
$1.00 par common

UNICOA CORPORATION
(UNITED INSURANCE COMPANY
OF AMERICA)
$2.50 par common

TAMPAX INCORPORATED
$1.00 par common

UNITED CONVALESCENT HOSPITALS, INC.
$1.00 par common

TASSETTE, INC.

UNITED ILLUMINATING COMPANY, THE
No par common

Common

TAYLOR WINE COMPANY, INC., THE
$2.00 par common

UNITED LIFE & ACCIDENT INSURANCE CO.
Capital

TEXAS AMERICAN OIL CORPORATION
Common

UNITED SERVICES LIFE INSURANCE COMPANY
$1.00 par common

TEXAS INTERNATIONAL AIRLINES, INC.
Common

UNITED STATES BANKNOTE CORPORATION
$1.00 par common

TIFFANY AND COMPANY
$1.00 par common

UNITED STATES FIDELITY AND GUARANTY
COMPANY
Common

TITAN GROUP, INC.
$1.00 par common
TRACOR, INC.

UNITED STATES TRUST COMPANY
OF NEW YORK
$5.00 par capital

Common

TRANSCONTINENTAL GAS PIPE LINE
CORPORATION
$.50 par common

UNITED VIRGINIA BANKSHARES
INCORPORATED
$10.00 par common
VALLEY NATIONAL BANK OF ARIZONA, THE
$2.50 par common

TROPICANA PRODUCTS, INC.
Common

TRUST COMPANY OF NEW JERSEY, THE
$2.50 par common capital




WALLACE BUSINESS FORMS, INC.
$5.00 par common
WARNER ELECTRIC BRAKE & CLUTCH
COMPANY
$1.00 par common
WASHINGTON NATIONAL CORPORATION
$5.00 par common
WASHINGTON NATURAL GAS COMPANY
$5.00 par common
WATER TREATMENT CORPORATION
Common
WEBB RESOURCES, INC.
$.10 par common
WELLINGTON MANAGEMENT COMPANY
Class A, common
WERNER CONTINENTAL, INC.
$.50 par common
WESTERN GEAR CORPORATION
$1.00 par common
WESTERN PUBLISHING COMPANY, INC.
$1.00 par, $2.50 stated common
WESTGATE-CALIFORNIA CORPORATION
Class A, $5.00 par common
WHITE SHIELD CORPORATION
$.05 par common

TRAVELODGE INTERNATIONAL, INC.
No par common
TRICO PRODUCTS CORPORATION
No par common

WPNB CORPORATION
$5.00 par common

VARIABLE ANNUITY LIFE INSURANCE
COMPANY, THE
$1.00 par common

WINNEBAGO INDUSTRIES, INC.
$.50 par common

VIRGINIA COMMONWEALTH BANKSHARES
$5.00 par common

WISCONSIN POWER 6= LIGHT COMPANY
Common

VIRGINIA NATIONAL BANK
$5.00 par capital

WOODWARD & LOTHROP INCORPORATED
$10.00 par common

7