Democrat and Chronicle from Rochester, New York • Page 39

030 30 Chronicler Carhart's Breaks Ground Ground was broken yesterday for a new two-story, by Carhart Photo, at the rear of its present plant, 105 photofinishing plant, being constructed College Construction cost is approximately one-half million dollars. Completion of the new facility, scheduled for February, will triple the work capacity of the firm, according to O. K. Carhart, executive vice president and secretary. The new 80x150-foot air conditioned brick building will house modern photofinishing equipment and facilities on the first floor.

Executive offices will be located on the second floor, with another 12,000 square feet utilized in the basement. Design engineer is J. Halaby and general contractor is S. P. Vasile Son, of Rochester.

The present plant, a former University of Rochester science building with walls nearly three feet thick, will be razed to make room for additional parking. Carhart emphasized that there would be no interruption of services during construction. K. Carhart, to symbolize the firm's 50th anniversary this year, broke gound using a pneumatic drill fitted with a golden bit. Assisting him in the ceremony were Carhart Photo president and treasurer Harry D.

Carhart, vice president James Langtry, Syracuse plant manager Anthony Zrebiec and D. Tarallo vice president, production. The firm was started in 1914 at a location on Clinton Avenue South opposite B. Forman Co. It has been established at its present location for 10 years.

Carhart Photos, Inc. also has plants in Syracuse and Buffalo. ROCHESTER SAVINGS BANK'S West Main Street office has gone over the $80 million mark in deposits, according to Wilson H. DaBoll, vice president and branch manager. DaBoll noted this is almost a four million dollar increase over last year at this time Executives of the Cleveland headquarters of the Durkee Famous Foods0 Division of the Glidden Co.

with their associates from the Wolcott Office and guests from New York and Philadelphia at a Genesee Valley Club dinner honored Harry H. Davis, 407 Edgewood Brighton, and his 28 years service as Olney Carpenter sales manager. Davis is retiring Sept. 1.. Anthony Liotta, 45 Baxter will attend the Prudential Insurance annual advanced-management course, to be held at Princeton University, beginning Sunday.

M. MORRIS, general agent, Federal Life Casualty has an article in the current issue of the Insurance Salesman John W. Davison, 341 Latona has been named a sales representative for Allstate Insurance Cos. Bernard H. Florack, 169 Brookview has been named a vice president Bernard H.

Florack in charge of attend the tions of the in New York and general manager 'of Martin Q. Moll Publications, according to Martin 0. Moll, president Heller Rochester Corp. will conduct a machinery display and seminar at its showrooms, 696 South tomorrow through Saturday Elizabeth Waite, assistant vice president personnel at Community Savings Bank, will meeting of the committee on employee relaSavings Banks Association of New York State City tomorrow at 200 Park Ave. Ford Plans Plant Near Albany ALBANY (UPD-The Tractor Division of Ford Motor Co.

plans to build an assembly plant and warehouse at a proposed industrial park in the Albany suburb of Colonie, it was disclosed yesterday. The project was revealed at a Public Service Commission (PSC) hearing in which the New York Central Railroad was petitioned to build a spur line to a proposed industrial park site in the Town of Colonie. Norris MacFarland, who holds an option on the land designed for the industrial park, said Ford planned to use about 10 of the site's 145 acres for its facilities. William J. Marshall, manager of industrial development at New York Central, estimated that about 100 persons would be employed at the new Ford installation.

No date for the start of construction was mentioned during the hearing. A PSC decision on the New York Central's petition is scheduled to be issued by Sept. 1. Earnings Ogden $2,531,000 or 50c VS. 32c.

Remington Arms 6 months, 000 or 40c vs. 28c. Lionel 6 months, loss, $240,504, Pitney 6 months, $4,033,907 or 91 vs. 85c. Howe Sound 6 months, $1,678,170 or 48c vs.

36c. United States Rubber 6 months, $16,188,731 or $2.33 vs. $1.95. International Paper 6 months, 755,321 or 88c vs. Illinois Central Industries 6 months, $4,712,391 or $1.59 vs.

$1.75. Aluminum Co. of Canada 6 months, $21,329,082 vs. 8,672,701. MacFadden-Bartell 6 months, $805,984 or 50c vs.

37c. Melville Shoe 6 months, 893 or 84c vs. 61c. LINOWITZ GETS POST Sol Linowitz, chairman of the board of Xerox will be co-chairman of the 19th International Conference and Exposition sponsored by the Society for Advancement of Management this October in New York City. ODD LOT TRANSACTIONS NEW YORK (A) -The New York Stock Exchange reported yesterday these odd lot transactions by principal dealers for Aug.

10: Purchases of 269,345 shares; sales of 272,361 shares including 1,827 shares sold short. American Exchange Net Burma Close Chg. Butlers Sh Caidor Cameo 4 Camp Chi 31 Cmp Mch Can So Pet 3 Ex Cdn Farad 25 Cdn Hmstd Cdn Ind Gas Can Javelin en Mares Can Sp Oil Canal Rand 8 Canav Int 3 Cp Bdcst AM Catalin CCI Corp Chg Svc Secur 19 Charter Oil 16 Chelsea Ind 4 Chi Rivet 281 Christiana 0 16. Chromal 16 Cinermo Va Circuit Foil 18 Clarostat 3 Clopay, Cp 3 Co Elect Comi Met commu Dune ConDiesel ComputSci 8 CtConnA 8 1 ContMater 18 ContTel Corolnc Coronefind CreoleP Cubic Cp Crystal Oil Cutter A Data Con 51 Deltona 10 Deltown 12 Den A Desilu 20 Dev Ray DevonP Oil 116 Diversey Dome Pet Dom 18 Dom Tar Dorr Oliv Dorsey Driver 28 Duval Cor Dynalect EastnFrtW Elco Corp EastnStaCp Electrogra ElectAssist 6 ElectCom 55. Hog Prices Hold Steady Aber Pet A Acme Mis acme Prec ero Flow eroiet eronca Mf aid Invest rpt A Man Wood Airl All Sta Prop leg Air Mlleg Cp wt Allied Art Allied Con Allied Pap Ambass Oil Am Biltrite Electron Am MARC AmePtrof A 4mSafEquip Am Seal AngLau A Apache Ca Argus 1 ArkLaGas Armour wt 4ssdFdSt AssdLaund Astrex Inc Astrodata Atco Chem Atico Fin Atl CL Co AtiResch AtiThrift AtlasCp wt Atlas Gen Audio Dev Auto Rad AutoStIPd Avien Ayrsh Coll BaldSec BanffOil BargTown BarnesEng BaruchFost Bayview0 Belockinst Berkey Phot BerkshFr Bethlehem Birdsboro BlackstoneC Bohack Bowl Cp Bowser Inc BradfdPkg Braz Trac Breeze Cp Br Am Oil Brit Pet Brown Co Brown Eng Bruce EL Bunk Hill Bunk Ramo Bunk Ra wt CHICAGO (P- -The butcher hogs market topped at $17.50 a hundredweight again yesterday as 3 prices held about steady for offerings of 4,500 head.

The peak was paid for only 30 head of mixed No. 1 and 2 grades. Other comparable kind moved at $17.25 and up and mixed 1-3 grades up to $17.25. Mixed 2s and 3s cleared at and sows up to $15. The best slaughter steers on sale graded mixed high choice and prime and with the market strong to 25.

cents higher they sold at They weighed lbs. Some strictly high choice brought $26.25 and average choice 26. Good grade moved at Heifers cleared at for mixed high choice and prime and at 24.25 for good to choice with prices strong to 25 higher. Bulls BUFFALO, (AP) (NYSDA) Closing livestock: Cattle: steers and heifers: No arrivals. Dairy-type slaughter cattle-market opened steady, closed with cows weak to 50 cents lower.

Cutter and utility, cows top canner 13.50, shelly kind lower; Standard dairy heifers commercial 16.00. Utility sausage bulls top cutter canner Calves- good, market steady. Choice and prime good to choice medium and good heavy bobs light bobs $20.00 down. Hogs- market about steady. U.S.

1-3 butchers weighing 190-230 lbs. 230-250 lbs. 17.00; 250-280 lbs. sows all weights boars and lambs- demand active, market active, market stronger and higher. Choice and to good prime $21.00.

spring 50 lambs $24.50, medium cents higher. Choice and good prime $21.00. spring lambs medium 10 PAVILION Beef steers for slaughter, No. sold 8, choice good Dairy heifers for slaughter, No, sold 9 commercial utility Dairy cows for slaughter, No. sold 110, utility cutters canners Dairy bulls for slaughter, No.

sold 8, cutters Calves for slaughter, No. sold 522, good veals utility 75; bobs (110-115 lbs.) bobs (100-105 lbs) bobs (90-95 lbs.) bobs (80-85 Ibs.) bobs (70-75 lbs.) bobs (60-65 Ibs.) Hogs, No. sold 46, U.S. 2 and 3 (170-260 lbs.) heavy wts. (over 260 lbs.) sows (290 and down) Lambs, No.

sold 61, choice good Dairy replacements, No, sold 70, cows handling heifers: first calf $225-306; bred $133-210; open $95-132. Gallon of Milk For 87 Cents? SCRANTON, Pa. (UPD A northeastern Pennsylvania dairyman testified yesterday that producers could sell milk for 87 cents a gallon retail with a fair and reasonable profit for both the dairyman and the farmer. Peter Sandfort, a partner in the Loudon Hill Farms, of Dimock, Susquehanna County, told the state Milk Control Commission that consumers in the six-county area would save $2.5 million dollars annually if the lower retail prices were permitted. Sandfort testified at the second day of the commission's hearing called to reconsider a marketing order for Area 5 which includes Lackawanna, Wayne, Wyoming, Susquehanna, Pike and most of Luzerne counties.

The order has not been reconsidered since 1957. He told the commission the price reduction would give families and their children more milk, that farmers and dairymen would increase sales in the profitable Class I usage for fluid drinking, and that dealers also could protect their businesses against milk substitutes. Sanford said the 87 cent retail price he quoted would net his dairy a 4.64 per cent profit which he described as "a fair profit, fair to Louden Hill Farm, fair to the consumer, fair to our employes and fair to the farmer." The figure he quoted is 13 cents below the present legal minimum store price and 17 cents lower than the home delivered price in the commission's 1957 order. In the Area He Leaves Trail, Ends Up in Jail Ralph Root, 21, of GENEVA and MACEDON, learned yesterday that his tracks led He is now serving a fiveday sentence in ONTARIO COUNTY Jail after he admitted defacing official traffic control devices. Lt.

W. J. Sjoblom, zone commander for the State Police in WATERLOO, was returnMing after an investigation in GORHAM. He spotted freshly drawn highway stripings along Route 245 and followed the zigzag trail back to Gor-, ham and right to Root's parked car. AREA DEATHS Mrs.

Beulah M. Lamson, 81, of Waterloo, yesterday. Ermo Tebaldi, 72, of Albion, yesterday. Roy 0. Hamilton, 37, chief of the Alexander Fire for the last nine years, in Genesee Memorial Hospital, Batavia.

Survivors include a sister, Mrs. Hiram Quine of Rochester. Garry W. Lash, 61, formerly of Pittsford, yesterday in Whitestone, L.I. Survivors include a sister, Mrs.

Harlow Ferrin of Rochester. Aubrey L. Pierce, 58, formerly of Endicott and Newark. yesterday in Fort Myer, Fla. He was a former welterweight boxing champion of the Southern Tier of New York and served as a reporter on the Buffalo Evening News.

the Newark (N.J.) Ledger, the Binghamton Sun, Binghamton Press and Miami Herald. Francis Dunn, 70, formerly of LeRoy and Lackawanna, Monday in Buffalo. Charles Lemmens, of Newark, Monday in Rochester. Survivors include a sister, Mrs. Mary C.

Lutz of Rochester. Mrs. John A. Bachulak, 47, of Batavia, vesterday. Mrs.

Lillie A. Morley, 83, of Sodus Point. yesterday. Stephen Coomber, 84, of Palmyra, Monday. Survivors include a daughter, Mrs.

Margaret Blohm and a son, Floyd of Rochester Foote, 71, of Canisteo, Monday in Bethesda. Democrat and Chronicle Rochester, N. Aug. 12, 1964 7D Equity Cp KinArkOil ErieForge Kingst Pd Kirby Pet Kratter ExquisFor Lafay Rad FalconSbd L'Aigion FamArtSch 19 Lake Sh FanFarm 36 Levitt. Sons FelmtPet FargoOils Lib Fab Lith Am FiatMetal Lithonia Lt 11 FieldsPlast 5 Living Oil Filmways Long Wit FinanGen La Gas Sv FirthSterl La Land Flex Tub Marck Trk 1 Mackey Air 3 Fly Tiger 9 MagellanPet Fotochrm 2 Magna Oil FrontierAirl MartinMwt 16 Mary Cup MaryCartPt GatewaySpt Massey Gen Alloys Maxson El GenCinema McCrory wt Gen Devel Oil 10 Gen Foam Mead John Giant Yel "enasco G'ass-Tite Merrill Isl 34 Gle Dis Mich Chem Goldfield Microdotinc 8 Good Mf Microwave Gray Mfg Mid-W Ab 17 Amind MillWohl Gt Bas Pet 3 1 Mo Kan ct G1LakBowl MohawkAirl Chem Molybden Guerdon Monog Ind GulfAmLd 5 GulfStLd Mov Star Am Movielab Hazel Bish MuntzTV Hecla Muter Co Helena 30 Napco Ind Herc Gal NatAlfDeh Higbie Mf 21 NatBelH Highway Tr NationalCo Hoe Co 3 NatEl Wel Holly Coro NatPer Pub Home Oil A Nat Pet Home Oil How El NatRealinv Husky Oil Nat Trans Hudson Vit NatRolIMill Hycon Hydrometals Mfg NatUn Elec Hygrade NatVideoA 14 Imp Ch 6 Nelly Don Imp Oil Nest LeM 10 Ind El Hd Newal Inc Indust Instr Idria Ins Am NewPkMng Int Prod NoCdnOils Int Stretch Novo Indus Intex Oil Nucl Am Inves Roy Ogden Cp IrvingAir.

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DOYLE Q. I ame the owner of a few Motor Company common stock. to stockholders shows that it has of "Class stock, 12 million and 51 million shares of common Ford stock was split two for Is it possible for a company to not split its Class A and Class A. It's possible, depending capital structure is set up. But that hasn't happened in When Ford's common stock was 1962, the company's were also split two It seems that you fact that there are shares of each of stock outstanding But that's not unusual.

A company might lions of shares of one few shares of another William A. company has more William A. hundred shares of Ford The company's report about 46 million shares shares of "Class stock stock. one about two years: ago. split its common stock and stock? upon how a corporation's the case of Ford stock.

split two for one in May, Class A and shares for one. are confused over the different numbers of the three classes of Ford owned by stockholders. be organized with milclass of stock and very class of stock. When a than one class of stock, Doyle the differences between the classes of stock are spelled out in the company's charter. In the case of Ford Motor Company, all the Class A stock is owned by the Ford Foundation, a charitable organization.

(Wow! Is it charitable.) The Class A stock has no voting power in the election of directors and other corporate affairs. The Class stock is all owned by members of the Ford family and Ford family interests. It has 40 per cent of the voting power. The common stock is owned by the investing public. It has 60 per cent of the voting power.

All outstanding shares of all classes of Ford stock get the same dividend payments. The Class A and Class shares can be converted (changed) into common stock- on a share-for-share That's how Ford common stock has reached the investing public. Beginning in 1956, the Ford Foundation converted millions of its Class A shares into equal numbers of common shares. Then, it sold the common shares to the public. The foundation has made five such offerings.

To date it has raised $1.526 billion that way. And since 1956 it has given away $1.830 billion, mostly to colleges and other educational institutions. Q. I am 70 years old and like to use to buy an with a check for the same live. I hear that several insurance How can I found out which return? have $20,000 which I would annuity-which would provide me amount each month as long as I companies sell annuities.

will give me the best rate of A. There's only one sure way: Shop around. Most life insurance companies write annuity contracts. Contact a number and find out which one offers you the best rate of return. I know that some people shy away from contacting insurance companies because they remember the old (and still true) refrain: "There's no one with endurance, like the man who sells insurance." Just make it clear that you want information on rate of return, not sales talk.

Mr. Doyle will answer only representative letters of general interest in his column. He cannot answer phone queries. Railroads Report Income Increase WASHINGTON (A) The Association of American Railroads said yesterday that the nation's 101 Class I railroads had estimated net income of $195 million in the second quarter of 1964. The figure boosted their net income for the first half of the year to an estimated $339 million, highest since the first six months of 1957.

The figures, based on reports filed by the carriers with the association, compared with 1963 second quarter net income of $188 million and first half 1963 income of $269 million. Operating revenue in the first half of 1964 totalled $4.8 billion, an increase of 2.7 per cent over the same period last year, the association reported. But operating income for the second quarter was $2.5 bil- XERO- COPIES GRAPHIC Coast Coast-ToCOPY. SERVICE, ch INC. (min.

order 254) DAL USIVE AUTHORIZED STATION Powers Bldg. Arcade LO 2-8535 him right to jail. Dr. G. Stewart Nease, 71, professor emeritus of classical languages at Alfred University for 23 years, Monday in Alfred.

Mrs. Mary Davison, 96, of Arkport, Monday in Hornell. Kermit Brehse, 54, of Hamlin, Monday in Rochester. Survivors include three sisters. Mrs.

Elsie Kerwin, Mrs. John Mulvihill and Mrs. Alcie Raeborok, all of Rochester. Guy F. Taylor, 51, of Canandaigua, yesterday.

For GAS HEAT See TAYLOR First For Quality Competitive Pricing On Any Type of HEATING TAYLOR HEATING 429 Merchants Rd. HU 2-4664 GM HEATING Delco AIR CONDITIONING 365 Manufactured In Rochester GAS FIRED FURNACE $489 completely installed CHANGE TO MODERN GAS Heat with Automatic Controls this ALL includes. ELECTRICAL WORK 100,000 B.T.U. Will Heat 6 to 7 Rooms HEATING INSTALLATION SERVICE since 1924. 759 Flower City Park GL 8-9806 GL 8-2716 "Don't Fear--Frontier is Near" Westinghouse a Name you can Trust for GAS Heating Comfort Engineering advances give you JUST MORE AND heat YOU from CAN less ADD fuel! $5.41 month AIR COOLING ANYTIME! Installed to existing ducts with every unit FREE HUMIDIFIER Frontier CL 4- installed during 7500 AUTOMATIC HEATING August 150 Saratoga Ave.

Studebaker Reports Profit Recovery NEW YORK Studebaker which lost about $17 million last year, is making a profit recovery. The company earned nearly $2.3 million or 16 cents a share in second quarter compared with a loss of more than $1.1 million a year. earlier. Profits for the first half totaled $3.4 million or 24 cents a share as against a $7.5 million loss in the same 1963 period. Bethlehem Plans Lackawanna Job BUFFALO (UPD-About $10- million will be spent by the Bethlehem Steel Co.

in its Lackawanna plant for the installation of burnt-lime facilities. Some of the funds will be used to improve shipping facilities at the western New York plant. The expenditure is part of a $30-million spending program by the company. Investment Funds Bid Asked 2.52 2.75 8.94 9.67 20.26 20.26 10.29 11.25 4.93 5.39 9.70 10.54 10.34 11.30 15.92 17.21 14.98 16.38 19.21 20.79 10.12 11.09 13.00 14.21 11.55 12.62 13.85 15.14 13.23 14.46 10.54 11.52 22.07 24.01 12.42 13.57 9.76 10.70 9.67 10.60 3.79 4.16 20.32 22.09 13.40 14.48 15.92 17.10% 4.21 4.60 17.93 19.38 18.90 20.54 4.92 5.39| 7.77 8.45 11.12 12.19 7.34 7.87 14.81 16.21| 10.41 11.40 5.39 5.89 10.05 10.36| 7.37 8.38 5.23 5.72| 11.89 12.99 12.81 14.00 12.32 13.31 20.83 22.52| Keystone: B-2 24.23 26.44 B-3 17.51 19.11 B-4 11.05 12.06. K-1 9.52 10.39 K-2 5.64 S-2 14.17 15.46 S-3 16.93 18.47 S-4 4.83 Knick Fd 6.97 7.64 Lazard 17.87 18.75 Life Ins 10.36 11.32 Mass Inv 16.74 18.30 Mass Gr 8.97 9.80 Mass Life 12.34 13.49 Morton 6.90 7.56 MIF Mut Inv 10.30 11.30 Nation-W 24.13 26.10 Nat Inv 17.10 18.58 Nat Sec: Dividend 4.70 5.14 Income 6.21 6.79 Stock 8.48 9.27 Growth 8.56 9.36 One Wm Oppen 17.37 18.98 Peoples 8.18 14.04 8.96 Phila Fd 12.81 Pine St 12.35 12.35 Price 17.17 17.34 Puritan 9.35 10.11 Putname 15.95 17.43 Put Gro 9.49 10.37 Share Tr 11.59 12.67 State St 43.25 45.00 Telev 8.09 8.82 Unit Acc 16.48 18.01 Inc 13.64 14.91 Unit Sci 7.36 8.04 Weligton 15.33 16.71 14.58 15.72 Dairy Produce Bid Asked Aberdn Aff Fd Am Inves Am Mut Atom Phy Axe Boston Ho Broad St Bullock Can Fd Cap Life Chan Bal Chan Gro Chem Fd Col Gro Com Inv Cop Lead Del Fd Gro Div Inv Div Sh Dreyfus Sk Elec Inv Fidel Fd Fid Tr Fin Ind Fun Am Fun Inv Gen Inv Group Sec: Cm St Full Ad Ham HD Inc Inc inc Inv Int Res incCoAm Inv of Bs Inv Mut Inv Stk Inv Var NEW YORK (AP) (USDA) Wholesale egg offerings light.

Demand good. (Wholesale selling prices based on exchange and other volume sales.) New York spot quotations follow: Mixed colors: Standard checks 23-24. WHITES: Extra fancy heavy weight (47 Ibs. min.) fancy medium (41 lbs. average fancy heavy (40 Ibs.

average) smalls (36 weight (47 lbs. min.) 3, medium Ibs. average) 26-27; peewees (31 Ibs. average) 17-18. Browns: Extra fancy weight (47 lbs.

min.) fancy medium (41 Ibs. average) fancy heavy weight (47 lbs. min.) 39-40; smalls (36 lbs. average) 26-27; peewees (31 Ibs. average) 17-18.

Butter offerings about In balance. De. mand fair. Prices unchanged. Cheese steady, prices unchanged.

CHICAGO (AP) (USDA) Butter: wholesale selling prices unchanged to higher: 93 score AA 92 A 59; 90 Eggs: Prices paid delivered to Chicago unchanged to 2 lower; 60 per cent better grade A whites large mixed 36-37; medium mixed extras 29; standards checks 20-23. A GAS HEAT furnace won't clean your home But it helps keep it clean! Gas Heat burns completely, leaving no soot, residue, smoke, or ash to dirty your home. Drapes and upholstery stay cleaner longer, housework is lightened, cleaning and redecorating costs are reduced. Switching to gas also means economy. That's just one more reason 3,000 people in the Rochester area are switching to gas lion, up only .3 of one per cent over second quarter The report said 23 of the 101 railroads failed to earn enough to cover their fixed charges for the first six months of 1964.

Chicago Mercantile EGGS Low Close Prev. Close 35.15 35.35 35.25-45 34.80 34.90off 35.05-34.90 34.50 34.55 34.55 34.00 34.10 34.25-05 FROZEN WHOLE EGGS Oct. 48 0 26.20 26.22 26.00 26.10 26.00N 26.25 26.00N Nov. Sales Sep. 161 Oct.

95 35 Dec. 8 FROZEN PORK BELLIES Aug. 1,269 24.95 25.35 24.75 25.02-24.95 24.85-80 Mar. 3 27.05 27.20B27.00 27.00 27.15 56 27.75 27.85 27.55 27.62-65 27.75-72 Jul. 15 28.35 28.45 28.20 28.25B 28.40off Open interest: August March 69; May 393; July 75.

FROZEN TURKEYS Mar. 0 32.50N Hens Oct, 4 -nominal, 33.35 33.35 33.25 oft-offered, 33.25 -bid) 33.50 every year. Gas furnaces cost less to operate than other types. costs less to maintain because there quire service than other types. There's even economy in furnaces.

You don't have to put pipes. Many people have added rooms, and workshops with the to gas. less to buy, less to install, and Gas equipment lasts longer and are fewer moving parts to rethe space you save with gas heat up with storage tanks or large laundry rooms, basement playextra space gained from switching Open 35.30 35.05 34.70 34.00 SHELL High 35.55 35.15 34.70 34.15 Call your local heating contractor and let him help you be ready for the coming winter. If you act now, you'll miss the fall rush. RGE ROCHESTER GAS and ELECTRIC .0 1-7000 AN INVESTOR-OWNED COMPANY WITH MORE THAN 80,000 SHAREHOLDERS EAST AVE.