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  • 91-64 SOES Tier Levels to Change for 487 Issues on October 31, 1991

    SUGGESTED ROUTING:*

    Senior Management
    Internal Audit
    Operations
    Trading
    *These are suggested departments only. Others may be appropriate for your firm.

    On June 30, 1988, the maximum Small Order Execution System (SOES) order size for all Nasdaq National Market System (Nasdaq/NMS) securities was established as follows:

    • A 1,000-share maximum order size was applied to those Nasdaq/NMS securities that had an average daily nonblock volume of 3,000 shares or more a day, a bid price that was less than or equal to $100, and three or more market makers.

    • A 500-share maximum order size was applied to those Nasdaq/NMS securities that had an average daily nonblock volume of 1,000 shares or more a day, a bid price that was less than or equal to $150, and two or more market makers.

    • A 200-share maximum order size was applied to those Nasdaq/NMS securities that had an average daily nonblock volume of less than 1,000 shares a day, a bid price that was less than or equal to $250, and less than two market makers.

    These order-size tiers were set by the NASD after extensive research and polling of all Nasdaq/NMS market makers. The purpose of establishing these tiers was to provide public investors with the most efficient means of handling their small orders while ensuring that market makers were not required to assume unrealistic risks under the new mandatory SOES participation rules.

    At the time of their establishment, the NASD Trading Committee and Board of Governors decided that the tier levels applicable to each security would be reviewed periodically to determine if the trading characteristics of the issue had changed so as to warrant a SOES tier-level move. Such a review was conducted as of June 28, 1991, using the aforementioned formula and second-quarter trading data. The results of this review were analyzed by the SOES Subcommittee and the NASD Trading Committee, which recommended that changes in SOES tier levels should be implemented per the formula calculation with the exception that an issue would not be permitted to move more than one level.

    To further explain, if an issue previously was categorized in the 200-share tier, it would not be permitted to move to the 1,000-share tier even if the formula calculated that such a move was warranted. The issue could move only one level to the 500-share tier as a result of any single review. Likewise, a security previously assigned to the 1,000-share tier could move only to 500 shares, regardless of the formula calculation. During the most recent review, 27 issues were affected by this change. In adopting this policy, the Committee was attempting to minimize market-maker exposure on issues for which the tier level increased and to maintain adequate public investor access on issues for which the tier level decreased.

    The committee also recognized that the formula used to assign the tier levels cannot always accurately reflect the trading characteristics for each issue. As such, market makers are reminded that the SOES Subcommittee will review on a case-by-case basis suggested tier-level changes if a significant number of market makers in that issue believe such a change is warranted. For more information regarding this process, please contact Nasdaq Market Listing Qualifications at (202) 728-8039.

    Following is a listing of the Nasdaq/NMS issues that will require a SOES tier-level change on October 31, 1991.

    NASDAQ/NMS SOES CHANGES

    All Issues in Alphabetical Order by Name

    Symbol

    Company Name

    Old Tier Level

    New Tier Level

           

    A

         

    ACMTA

    ACMATCORPCLA

    200

    500

    AEPI

    AEP INDS INC

    500

    1000

    ABRI

    ABRAMS INDS INC

    200

    500

    ACLE

    ACCEL INTL CORP

    500

    1000

    ADMG

    ADVANCED MAGNETICS

    500

    1000

    ABCV

    AFFILIATED BANC CORP

    1000

    500

    AORGB

    ALLEN ORGAN CO CL B

    200

    500

    ABGA

    ALLIED BANKSHARES

    500

    200

    ASFN

    ALLSTATE FINL CORP

    500

    1000

    AMBJ

    AMER CITY BUS JOURNALS

    1000

    500

    AMCE

    AMER CLAIMS EVAL

    500

    1000

    ACOL

    AMER COLLOID CO

    200

    500

    ANSY

    AMER NURSERY PRODUCT

    500

    1000

    AMPH

    AMER PHYSICIANS SVC

    500

    1000

    RICEE

    AMER RICE INC

    1000

    500

    AMWD

    AMER WOODMARK CORP

    200

    500

    ASBI

    AMERIANA BANCORP

    500

    1000

    AINVS

    AMERIBANC INVEST SBI

    1000

    500

    ATAXZ

    AMERICA FRST TX 2 LP

    500

    1000

    AMTA

    AMISTAR CORP

    500

    200

    AMOS

    AMOSKEAG CO

    500

    1000

    AMPI

    AMPLICON INC

    200

    500

    AATI

    ANALYSIS TECHNOLOGY

    500

    1000

    ARSD

    ARABIAN SHIELD DEV

    200

    500

    AGII

    ARGONAUT GROUP INC

    200

    500

    AFWY

    ARKANSAS FREIGHTWAYS

    500

    1000

    ARTW

    ART'S-WAY MFG CO INC

    200

    500

    ALOT

    ASTRO-MED INC NEW

    500

    1000

    ATKM

    ATEK METALS CENTER

    500

    200

    ATPC

    ATHEY PRODUCTS CORP

    1000

    500

    AAME

    ATLANTIC AMER CORP

    1000

    500

    ATTC

    AUTO-TROL TECH

    500

    200

    ADIE

    AUTODIE CORP

    500

    1000

           

    B

         

    BGSS

    BGS SYSTEMS INC

    500

    1000

    BHAGB

    BHA GROUP INC CL B

    1000

    500

    BMJF

    BMJ FINANCIAL CORP

    1000

    500

    BMRG

    BMR FIN GROUP INC

    500

    200

    BNHB

    BNH BNCSH INC

    1000

    500

    BTFC

    BT FINANCIAL CORP

    500

    200

    BPMI

    BADGER PAPER MILLS

    200

    500

    BAIB

    BAILEY CORP

    200

    500

    BLCC

    BALCHEM CORP

    200

    500

    BWINB

    BALDWIN LYONS CL B

    200

    500

    BPAO

    BALDWIN PIANO ORGAN

    500

    1000

    BTEK

    BALTEK CORP

    500

    200

    BCNJ

    BANCORP NEW JERSEY

    1000

    500

    BOSP

    BANK OF SAN PEDRO

    500

    200

    BOM A

    BANKS OF MID-AMER

    500

    1000

    VMLPZ

    BANYAN MTGE LP UTS

    1000

    500

    BPILF

    BASIC PET INTL LTD

    500

    1000

    BGAS

    BERKSHIRE GAS CO

    200

    500

    BINC

    BIOSPHERICS INC

    500

    1000

    BOSA

    BOSTON ACOUSTICS INC

    500

    1000

    BRCOA

    BRADYWHCOCLA

    500

    1000

    BTSB

    BRAINTREE SAV BANK THE

    500

    200

    BRDL

    BRENDLE'S INC

    1000

    500

    BRID

    BRIDGFORD FOODS CORP

    500

    200

    BFCP

    BROADWAY FIN

    500

    200

    BMTC

    BRYN MAWR BANK CORP

    200

    500

           

    C

         

    CBTF

    CB&T FINANCIAL CORP

    200

    500

    CCNC

    CCNB CORP

    500

    1000

    CERB

    CERBCOINC

    500

    1000

    CNBE

    CNB BANCSHARES INC

    1000

    500

    CPBI

    CPB INC

    1000

    500

    CPSL

    CSC INDS INC

    1000

    500

    CSPI

    CSP INC

    1000

    500

    CAMP

    CAL AMPLIFIER

    500

    1000

    CRBI

    CAL REP BANCORP INC

    500

    200

    CWTR

    CAL WATER SVC CO

    500

    1000

    CGNEP

    CALGENE INC PFD

    500

    1000

    CFHC

    CALIFORNIA FIN HLDG

    1000

    500

    CANX

    CANNON EXPRESS

    500

    1000

    CSWC

    CAPITAL SOUTHWEST CORP

    1000

    500

    CATA

    CAPITOL TRANS AMERICA

    200

    500

    CATY

    CATHAY BANCORP INC

    1000

    500

    CDRGW

    CEDAR GROUP WTS A

    200

    500

    CELLW

    CELL TECH INC WTS 92

    200

    500

    CNCR

    CENCORINC

    500

    200

    CEBC

    CENTENNIAL BANCORP

    200

    500

    CEBK

    CENTRAL CO-OP BANK

    500

    1000

    CJFC

    CENTRAL JERSEY FINL

    500

    200

    CSBC

    CENTRAL SOUTHERN HLD

    500

    200

    CNBKA

    CENTURY BANCORP CL A NV

    1000

    500

    CHCR

    CHANCELLOR CORP

    500

    200

    CHTT

    CHATTEM INC

    200

    500

    CHER

    CHERRY CORP

    500

    1000

    CINF

    CINCINNATI FINANCIAL

    1000

    500

    CPCI

    CIPRICO INC

    500

    1000

    CINS

    CIRCLE INCOME SHARES

    1000

    500

    CTRIS

    CLEVETRUST REALTY SBI

    500

    200

    CLDRP

    CLIFFS DRILLING PFD

    200

    500

    COBK

    CO-OP BANK CONCORD

    1000

    500

    COHO

    COHO RESOURCES INC

    1000

    500

    CFFS

    COLUMBIA FIRST BANK

    1000

    500

    CCOA

    COMCOAINC

    200

    500

    CBNB

    COMMERCEBANCORP

    500

    1000

    CBOCA

    COMMERCIAL BANCORP COLO

    500

    200

    CBNH

    COMMUNITY BANKSHARES

    500

    200

    CBSI

    COMMUNITY BANK SYSTEM

    500

    200

    CBPA

    COMMUNITY BANCORP INC

    200

    500

    CIDN

    COMPUTER IDENTICS CORP

    500

    1000

    CTLC

    CONS -TOMOKA LAND

    500

    200

    CFINP

    CONSUMERS FIN CORP PFD

    500

    200

    CMETS

    CONTL MORTGAGE EQUITY

    500

    1000

    CSTN

    CORNERSTONE FIN CORP

    1000

    500

    COSE

    COSMETIC CENTER,THE

    500

    1000

    CSTR

    COSTAR CORP

    200

    500

    CRRC

    COURIER CORP

    200

    500

    CRII

    CREST INDS INC

    500

    1000

    CMBK

    CUMBERLAND FED BANCORP

    1000

    500

    CUNB

    CUPERTINO NATL BANCORP

    500

    200

    CYGN

    CYGNUS THERAPEUTIC

    200

    500

           

    D

         

    DLFI

    DELPHI FINL GROUP CL A

    500

    200

    DGAS

    DELTA NATURAL GAS

    200

    500

    DCPI

    DICK CLARK PROD INC

    500

    1000

    DGIC

    DONEGAL GROUP INC

    500

    200

    DUCO

    DURHAM CORP

    500

    1000

    DRCO

    DYNAMICS RESEARCH CORP

    1000

    500

           

    E

         

    EACO

    EAENGRG SCI TECH

    500

    1000

    EROQ

    ENVIROQ CORP

    500

    1000

    ESBB

    ESB BANCORP INC

    500

    200

    EWAT

    E TOWN CORP

    500

    1000

    EDCO

    EDISON CONTROL CORP

    200

    500

    ELBTF

    ELBIT COMPUTERS LTD

    500

    1000

    ELCN

    ELCOINDSINC

    500

    1000

    ELRC

    ELECTRO RENT CORP

    500

    200

    ETCIA

    ELECTRONIC TELECOM CL A

    500

    1000

    EFSB

    ELMWOOD FED SAV BANK

    1000

    500

    EMPI

    EMPI INC

    500

    1000

    ECGI

    ENVIRONMNTL CONTROL

    1000

    500

    ERIE

    ERIE LACKAWANNA

    200

    500

    ERLYE

    ERLY INDUSTRIES INC

    500

    1000

    ESCA

    ESCALADE INC

    1000

    500

    ESEX

    ESSEX CORP

    500

    1000

    EVGN

    EVERGREEN BANCORP

    500

    1000

           

    F

         

    FMFS

    F AND M FINL SVC CORP

    200

    500

    FDPC

    FDP CORP

    500

    1000

    FFFG

    FFO FINL GROUP INC

    1000

    500

    FLSHP

    FLSHLDGSCLAPFD

    500

    200

    FMCO

    FMS FINANCIAL CORP

    500

    200

    FNBR

    FNB ROCHESTER CORP

    500

    1000

    FRPP

    FRP PROPERTIES INC

    200

    500

    FICI

    FAIR ISAAC AND CO

    200

    500

    FLOG

    FALCON OIL & GAS CO

    500

    200

    FMLY

    FAMILY BANCORP

    1000

    500

    FARA

    FARAD YNE ELECT CORP

    500

    1000

    FAHSP

    FARM AND HOME PFD CL A

    1000

    500

    FEDF

    FEDERATED BK S S B

    200

    500

    FSVA

    FIDELITY SAV BANK

    500

    200

    FITC

    FINANCIAL TRUST CORP

    500

    200

    FAMA

    FIRST AMARILLO BANCORP

    500

    200

    FAMRB

    FIRST AMER FIN CORP CL B

    500

    1000

    FAMRA

    FIRST AMER FINL CORP CL A

    500

    1000

    FBII

    FIRST BANC INDIANA

    500

    200

    FCHT

    FIRST CHATTANOOGA

    1000

    500

    FCNCA

    FIRST CITIZENS CL A

    200

    500

    FCIT

    FIRST CITIZENS FINL

    500

    200

    CITY

    FIRST CITY BANCORP INC

    500

    200

    FRFD

    FIRST COMM BANCORP IL

    200

    500

    FCLR

    FIRST COMMERCIAL L R

    500

    1000

    FSCB

    FIRST COMMERCIAL BNCSH

    200

    500

    FFMY

    FIRST FED S&L FT MYERS

    1000

    500

    FLAG

    FIRST FED SAV BANK LAG

    500

    200

    FFPR

    FIRST FED SAV BANK PR

    1000

    500

    FFUT

    FIRST FED SAV UTAH

    500

    1000

    FFBC

    FIRST FIN BANCORP OH

    1000

    500

    FFCH

    FIRST FIN HLDG

    1000

    500

    FIBI

    FIRST INTER BANCORP

    500

    1000

    FLFC

    FIRST LIBERTY FIN

    1000

    500

    FMSB

    FIRST MUTUAL SAV BANK

    500

    200

    MTCL

    FIRST NATL BANK CORP

    500

    200

    FNPC

    FIRST NATL PENN CORP

    1000

    500

    FNYB

    FIRST NY BUSINESS BANK

    1000

    500

    FOBBA

    FIRST OAK BROOK CL A

    200

    500

    FABKN

    FIRST OF AMER PFD E

    500

    1000

    FSKY

    FIRST SECURITY CORP KY

    500

    1000

    FSFI

    FIRST STATE FINL SVC

    1000

    500

    FBIC

    FIRSTBANK OF IL CO

    500

    1000

    FRST

    FIRSTIER FINL INC

    1000

    500

    FLGLA

    FLAGLER BANK CORP CL A

    200

    500

    FLAEF

    FLORIDA EMP INS CO

    200

    500

    FFPC

    FLORIDA FIRST FED

    1000

    500

    FOOT

    FOOTHILL INDEPENDENT

    1000

    500

    FKFD

    FRANKFORD CORP THE

    200

    500

    FSVB

    FRANKLIN SAV BANK FSB

    500

    1000

    FSVBW

    FRANKLIN SAV BANK WTS

    200

    500

    FRML

    FREYMILLER TRUCKING

    200

    500

           

    G

         

    GWCC

    GWC CORP

    500

    1000

    GNDR

    GANDER MOUNTAIN INC

    500

    1000

    GCCC

    GEN COMPUTER CORP

    500

    1000

    GCOR

    GENCOR INDSINC

    500

    200

    GENZW

    GENZYME CORP WTS 94

    500

    1000

    GEOX

    GEONEX CORP

    500

    1000

    GLDC

    GOLDEN ENTRPRS INC

    500

    1000

    GOOD

    GOODY PRODUCTS INC

    1000

    500

    GSBI

    GRANITE STATE BKSHS

    500

    200

    GBBS

    GREAT BAY BANKSHARES

    1000

    500

    GFGC

    GREAT FALLS GAS CO

    200

    500

    GSBC

    GREAT SOUTHERN BANCORP

    500

    1000

    GSOF

    GROUP 1 SOFTWARE INC

    500

    1000

    GRIT

    GRUBB & ELLIS REALTY

    1000

    500

    GULL

    GULL LABS INC

    500

    1000

           

    H

         

    HDRP

    HDR POWER SYS INC

    500

    200

    HAKO

    HAKO MINUTEMAN INC

    200

    500

    HALL

    HALL FIN GROUP INC

    1000

    500

    HBSI

    HAMPTONS BANCSHARES

    500

    200

    HTHR

    HAWTHORNE FINANCIAL

    1000

    500

    HTLD

    HEARTLAND EXPRESS

    500

    1000

    HCCO

    HECTOR COMMUN CORP

    500

    200

    HEKN

    HEEKIN CAN INC

    500

    1000

    HRLY

    HERLEYINDS INC

    500

    1000

    HSBK

    HIBERNIA SAV BANK THE

    500

    200

    HIWDF

    HIGHWOOD RESOURCES

    200

    500

    HFGA

    HOME FED SAV BANK GA

    200

    500

    HFET

    HOME FINANCIAL CORP

    1000

    500

    HPBC

    HOME PORT BANCORP INC

    1000

    500

    HTWN

    HOMETOWN BANCORP INC

    500

    200

    HRZB

    HORIZON BANK (WA)

    500

    1000

    FAXM

    HOTELECOPYINC

    1000

    500

    HUFK

    HUFFMAN KOOS INC

    500

    1000

    HYDE

    HYDE ATHLETIC INDS

    200

    500

           

    I

         

    IIVI

    II-VI INC

    1000

    500

    IMGE

    IMNET INC

    500

    1000

    INRD

    INRAD INC

    200

    500

    IWCR

    IWC RES CORP

    500

    1000

    ILIOW

    ILIO INC WTS 92

    1000

    500

    INFS

    IN FOCUS SYSTEMS INC

    500

    1000

    INAC

    INACOM CORP

    200

    500

    INDB

    INDEP BANK CORP MA

    1000

    500

    IBCP

    INDEP BANK CORP MI

    500

    1000

    INHO

    INDEPENDENCE HLDG CO

    1000

    500

    ITCC

    INDUSTRIAL TRAINING

    200

    500

    INSI

    INFO SCIENCES INC

    500

    200

    IGLWF

    INSITUFORM GROUP WTS 91

    500

    1000

    INSMA

    INSITUFORM MID-AMER CL A

    200

    500

    INTL

    INTER TEL INC

    500

    1000

    ICAR

    INTERCARGO CORP

    200

    500

    INPH

    INTERPHASE CORP

    500

    1000

    INTP

    INTERPOINT CORP

    500

    1000

    INVS

    INVESTORS SAVINGS CORP

    500

    1000

    INVN

    INVITRON CORP

    1000

    500

    ISKO

    ISCO INC

    500

    1000

    IYCOY

    ITO-YOKADO CO ADR

    500

    200

           

    L

         

    LECT

    LECTEC CORP

    500

    1000

    LSCO

    LESCO INC

    500

    1000

    LNDL

    LINDAL CEDAR HOMES

    500

    1000

    LIND

    LINDBERG CORP

    500

    1000

    LICF

    LONG ISLAND CITY FIN

    1000

    500

    LEIX

    LOWRANCE ELECTRONICS

    500

    200

    LUFK

    LUFKIN INDS INC

    200

    500

           

    M

         

    MKCO

    M KAMENSTEIN INC

    200

    500

    MMIM

    MMI MEDICAL INC

    200

    500

    MPSG

    MPSI SYSTEMS INC

    500

    1000

    MACD

    MACDERMID INC

    500

    200

    MGNL

    MAGNA BANCORP INC

    500

    1000

    MKTAY

    MAKITA CORP SPN ADR S2

    200

    500

    MANA

    MANATRON INC

    500

    200

    MRCS

    MARCUS CORP

    1000

    500

    MRCC

    MARK CONTROLS CORP NEW

    1000

    500

    MSAM

    MARSAM PHARM INC

    500

    1000

    MFLR

    MAYFLOWER CO-OP BANK

    500

    200

    MCFE

    MCFARLAND ENERGY INC

    1000

    500

    MTIX

    MECHANICAL TECH INC

    500

    200

    MDIN

    MEDALIST INDS

    1000

    500

    MDXR

    MEDAR INC

    500

    1000

    MDCI

    MEDICAL ACTION INDS

    500

    1000

    MDEV

    MEDICAL DEVICES

    500

    1000

    MIGI

    MERIDIAN INS GROUP INC

    500

    1000

    METS

    MET-COIL SYSTEMS CORP

    1000

    500

    MTRO

    METRO-TEL CORP

    200

    500

    MSEA

    METROPLTN FSL SEATTLE

    500

    1000

    MIDC

    MIDCONN BANK

    1000

    500

    SHOEZ

    MILLFELD TRADING WTS CL A

    500

    1000

    SHOEW

    MILLFELD TRADING WTS

    1000

    500

    MILW

    MILWAUKEE INS GROUP

    200

    500

    MITSY

    MITSUI AND CO ADR

    500

    200

    MMDI

    MOMENTUM DISTRIB

    500

    200

    MAHI

    MONARCH AVALONINC

    500

    200

    MORP

    MOORE PRODUCTS CO

    500

    200

    MORF

    MOR-FLO INDS INC

    500

    1000

    MTNR

    MOUNTAINEER BKSHS WV

    200

    500

    MUEL

    MUELLER PAUL CO

    200

    500

    LABL

    MULTI-COLOR CORP

    500

    1000

           

    J

         

    JGIN

    JG INDUSTRIES INC

    1000

    500

    JKHY

    JACK HENRY AND ASSOC

    500

    1000

    JBNK

    JEFFERSON BKSHS VA

    1000

    500

    JSBK

    JOHNSTOWN SAV BANK FSB

    500

    200

           

    K

         

    KCSG

    KCS GROUP INC

    200

    500

    KLLM

    KLLM TRANSPORT SV

    200

    500

    KSRI

    KAISER STEEL RESOURCES

    500

    1000

    KHGI

    KEYSTONE HERITAGE GROUP

    200

    500

    KOSS

    KOSS CORP

    500

    200

    KRUG

    KRUG INTL CORP

    1000

    500

           

    L

         

    LCSI

    LCS INDS INC

    500

    200

    LXBK

    LSB BANCSHARES NC

    500

    200

    LVMHY

    LVMH MOET ADR

    200

    500

    LDMK

    LANDMARK BANK FOR SAV

    200

    500

           

    N

         

    NSCB

    NBSC CORP

    200

    500

    NIPNY

    NEC CORP ADR

    1000

    500

    NFSF

    NFS FIN CORP

    1000

    500

    NSCC

    NSC CORPORATION

    1000

    500

    NWGI

    NW GROUP INC

    1000

    500

    NANO

    NANOMETRICS INC

    500

    200

    NSSC

    NAPCO SEC SYS INC

    1000

    500

    NCELW

    NATIONWIDE CELL WTS

    500

    200

    NBAK

    NATL BANCORP OF ALASKA

    500

    200

    NCBC

    NATL COMMERCE BANCORP

    500

    1000

    NHMO

    NATL HMO CORP

    500

    1000

    MBLA

    NATL MERCANTILE BANCORP

    1000

    500

    NPBC

    NATL PENN BCSHS INC

    200

    500

    NWLIA

    NATL WESTERN LIFE CL A

    500

    1000

    NAVG

    NAVIGATORS GROUP INC

    500

    1000

    NALR

    NAYLOR INDSINC

    500

    1000

    NHSL

    NEW HORIZONS S&L

    200

    500

    NMSB

    NEWMIL BANCORP

    1000

    500

    NEWE

    NEWPORT ELECTRONICS

    500

    200

    NNSL

    NEWPORT NEWS SAV BANK

    500

    200

    NIEX

    NIAGARA EXCHANGE CORP

    200

    500

    NOLD

    NOLAND CO

    500

    200

    NAMC

    NORTH AMER NATL CORP

    1000

    500

    CBRYA

    NORTHLAND CRANBERR CL A

    200

    500

    NWIB

    NORTHWEST IL BANCORP

    500

    200

    NOVXM

    NOVA PHARM CORP WTS C

    500

    1000

    NOVXL

    NOVA PHARM CORP WTS D

    500

    1000

    NUCM

    NUCLEAR METALS INC

    200

    500

    NUCOL

    NUCORP INC WTS BC 92

    200

    500

    NUCOW

    NUCORP INC WTS C 93

    200

    500

    NUVI

    NUVISION INC

    1000

    500

           

    O

         

    OGLE

    OGLEBAY NORTON CO

    500

    200

    OILC

    OIL-DRI CORP OF AMER

    500

    1000

    OLDB

    OLD NATL BANCORP

    1000

    500

    OSTNO

    OLD STONE PFD B 2.40

    200

    500

    OVWV

    ONE VALLEY BANCORP W VA

    500

    1000

    OPTX

    OPTEK TECH INC

    1000

    500

    OPTO

    OPTO MECHANIK INC

    500

    1000

    GOSHB

    OSHKOSH B'GOSH CL B

    200

    500

    OSHM

    OSHMAN'S SPORTING

    500

    200

    OCOMA

    OUTLET COMMUN CL A

    1000

    500

           

    P

         

    PCAI

    PCAINTL INC

    500

    1000

    PBSF

    PACIFIC BANK N A

    500

    200

    PISC

    PACIFIC INTL SVC CORP

    1000

    500

    PBCI

    PAMRAPO BANCORP INC

    1000

    500

    PNTC

    PANATECH RESCH DEVLP

    500

    1000

    PRLX

    PARLEX CORP

    500

    200

    PENT

    PENN ENTRPR INC

    500

    1000

    PTAC

    PENN TREATY AMER CORP

    1000

    500

    PNTAP

    PENTAIR INC PFD 87

    200

    500

    PFDC

    PEOPLES BANCORP

    200

    500

    PBKB

    PEOPLES SAV BANK BRKTN

    1000

    500

    PBNB

    PEOPLES SAV FINL CORP

    500

    200

    PTRO

    PETROMINERALS CORP

    1000

    500

    PETT

    PETTIBONE CORP

    500

    200

    PMSV

    PHARMACY MGMT SVC

    500

    1000

    PSBN

    PIONEER BANCORP INC

    1000

    500

    POEA

    POE AND ASSOC INC

    500

    1000

    PFLY

    POLIFLY FINL CORP

    1000

    500

    PNDR

    PONDER INDS INC

    500

    1000

    PSSP

    PRICE STERN SLOAN

    1000

    500

    PMBS

    PRIME BANCSHARES

    1000

    500

    PRCY

    PROCYTE CORP

    500

    1000

    PRFT

    PROFFITT'S INC

    200

    500

    PRGR

    PROGROUP INC

    200

    500

    PECN

    PUBLISHERS EQUIP CORP

    1000

    500

    PLTZ

    PULITZER PUBLISHING

    500

    1000

    PULS

    PULSE BANCORP INC

    500

    200

    PTNM

    PUTNAM TRUST CO

    500

    200

           

    R

         

    ROPS

    RASTEROPS

    500

    1000

    RATNY

    RATNERS GROUP ADR

    1000

    500

    RATNZ

    RATNERS GROUP PREF ADR

    500

    1000

    RDGCA

    READING CO CL A

    1000

    500

    RECP

    RECEPTECH CORP CALL

    1000

    500

    REED

    REEDS JEWELERS INC

    500

    200

    RFTN

    REFLECTONE INC

    500

    1000

    RGEQ

    REGENCY EQUITIES CORP

    500

    200

    RBNC

    REPUBLIC BANCORP INC

    1000

    500

    PREV

    REVERE FUND INC

    1000

    500

    RELL

    RICHARDSON ELECT LTD

    1000

    500

    RNRC

    RIVERSIDE NATL BANK

    200

    500

    ROBC

    ROBECINC

    1000

    500

    RMUC

    ROCKY MT UNDERGARMENT

    1000

    500

    ROPK

    ROPAK CORP

    500

    1000

    RPCH

    ROSPATCH CORP

    1000

    500

    RCDC

    ROSS COSMETICS DIST

    500

    1000

    ROTO

    ROTO-ROOTER INC

    200

    500

    RBCO

    RYAN BECK CO INC

    1000

    500

           

    S

         

    SCOM

    SCS/COMPUTE INC

    1000

    500

    SDNB

    SDNB FINANCIAL CORP

    500

    200

    SJNB

    SJNB FINANCIAL CORP

    500

    200

    SHRE

    SAHARA RESORTS

    500

    200

    SHEF

    SANDWICH CHEF INC

    500

    1000

    SWCB

    SANDWICH CO-OP BANK

    1000

    500

    SAVO

    SCHULTZ SAV-0 STORES

    200

    500

    SIDY

    SCIENCE DYNAMICS CORP

    500

    1000

    STIZ

    SCIENTIFIC TECH INC

    200

    500

    SCOT

    SCOTT AND STRINGFELLOW

    500

    200

    SHER

    SCOTTISH HERITABLE

    200

    500

    SBCFA

    SEACOAST BKG CORP FL CL A

    500

    1000

    SFBM

    SECURITY FED SAV BANK

    200

    500

    SFSL

    SECURITY FED SAV CLEV

    200

    500

    SFGI

    SECURITY FINL GROUP INC

    200

    500

    SSLN

    SECURITY INVESTMENT

    1000

    500

    SENE

    SENECA FOODS CORP

    500

    200

    SNCO

    SENSOR CONTROL CORP

    500

    200

    SHOP

    SHOPSMITH INC

    1000

    500

    SETBS

    SIERRA RLEST 83 SBI

    500

    200

    SETC

    SIERRA RLESTTR 84

    1000

    500

    SMET

    SIMETCO INC

    500

    1000

    SMTK

    SIMTEK CORP

    500

    1000

    SMTKW

    SIMTEK CORP WTS 96

    500

    1000

    SKYW

    SKYWEST INC

    500

    1000

    SMGS

    SOUTHEASTERN MI GAS

    500

    1000

    SWTR

    SOUTHERN C A WATER CO

    500

    1000

    SMIN

    SOUTHERN MINERAL CORP

    500

    200

    TXMX

    SOUTHWEST CAFES INC

    1000

    500

    SVRN

    SOVEREIGN BANCORP

    500

    1000

    SPAN

    SPAN-AMERICA MED SYS

    500

    1000

    SPEK

    SPEC'S MUSIC INC

    1000

    500

    SWVA

    STEEL WEST VIRGINIA

    500

    200

    STLG

    STERLING BANCSHARES

    1000

    500

    SISC

    STEWART INFO SVCS CORP

    1000

    500

    STUA

    STUART ENTERTAINMENT

    500

    1000

    SFCP

    SUFFIELD FIN CORP

    1000

    500

    SUBK

    SUFFOLK BANCORP

    500

    200

    SMMT

    SUMMIT SAVINGS BANK

    500

    1000

    SNRU

    SUNAIR ELECTRONICS

    500

    200

    SCSL

    SUNCOAST S&L ASSOC

    1000

    500

    SUPX

    SUPERTEX INC

    500

    1000

    SUSQ

    SUSQUEHANNA BCSHS

    500

    1000

    SYMX

    SYMIX SYSTEMS INC

    200

    500

           

    T

         

    TVXTF

    TVX GOLD INC

    1000

    500

    TDCX

    TECHNOLOGY DEV CORP

    500

    1000

    TCOMB

    TELE-COMMUN INC CL B

    200

    500

    TCOMR

    TELE-COMMUN INC RTS

    1000

    500

    TLMD

    TELEMUNDO GROUP INC

    1000

    500

    TMTX

    TEMTEX INDS INC

    500

    200

    TFLX

    TERMIFLEX CORP

    200

    500

    TCSFY

    THOMSON CSF ADR

    200

    500

    TAVI

    THORN APPLE VALLEY

    500

    1000

    TMBS

    TIMBERLINE SOFTWARE

    1000

    500

    TKIOY

    TOKIO MARINE ADR

    1000

    500

    TCTC

    TOMPKINS COUNTY TR

    500

    200

    TRGL

    TOREADOR ROYALTY CORP

    500

    1000

    TRNS

    TRANSMATION INC

    1000

    500

    TRST

    TRUSTCO BANK CORP NY

    200

    500

    TRMK

    TRUSTMARK CORP

    500

    1000

    TUCK

    TUCKER DRILLING CO

    500

    1000

    TUES

    TUESDAY MORNING INC

    500

    1000

           

    U

         

    UNRIW

    UNR INDS INC WTS

    500

    1000

    UNMAA

    UNI-MARTS INC CL A

    1000

    500

    UNAM

    UNICO AMERICAN CORP

    500

    1000

    UNFR

    UNIFORCE TEMP PERSNL

    500

    1000

    UBSI

    UNITED BKSHS INC

    1000

    500

    UFCS

    UNITED FIRE & CASUALTY

    200

    500

    BNKS

    UNITED NM FIN CORP

    500

    1000

    UNEWY

    UNITED NEWSPAPER ADR

    500

    200

    UBMT

    UNITED SAV BANK F A MT

    200

    500

    UTVI

    UNITED TELEVISION

    1000

    500

    UHCOW

    UNIV HLDG CORP WTS 93

    500

    200

    UHCO

    UNIV HOLDING CORP

    1000

    500

           

    V

         

    VALY

    VALLICORP HLDGS INC

    500

    1000

    VALU

    VALUE LINE INC

    200

    500

    VCRE

    VARI-CARE INC

    500

    1000

    VTEX

    VERTEX COMMUN CORP

    500

    1000

    VICR

    VICOR CORP

    500

    1000

    VICT

    VICTORIA BKSHS

    1000

    500

           

    W

         

    WLRF

    WLR FOODS INC

    500

    1000

    WSMP

    WSMP INC

    500

    200

    WALB

    WALBRO CORP

    500

    1000

    WALS

    WALSHIRE ASSURANCE

    200

    500

    WRNB

    WARREN BANCORP INC

    500

    1000

    WFSB

    WASHINGTON FED SAV VA

    500

    200

    WATFZ

    WATERFORD PLC ADR UTS

    1000

    500

    WHOO

    WATERHOUSE INVESTOR

    500

    1000

    WTRS

    WATERS INSTRUMENTS

    200

    500

    WAVR

    WAVERLYINC

    500

    1000

    WGNR

    WEGENER CORP

    1000

    500

    WLPI

    WELLINGTON LEISURE

    500

    200

    WSBC

    WESBANCOINC

    200

    500

    WSBK

    WESTERN BANK OREGON

    200

    500

    WSTM

    WESTERN MICRO TECH

    1000

    500

    WTPR

    WETTERAU PROPERTIES

    200

    500

    WMSI

    WILLIAMS INDS INC

    500

    1000

    WDHD

    WOODHEAD INDS INC

    500

    1000

    WCHI

    WORKINGMENS CAP HLDG

    1000

    500

    WRKB

    WORKMEN'S BANCORP

    500

    200

           

    Z

         

    ZEUS

    ZEUS COMPONENTS INC

    200

    500

    ZIGO

    ZYGO CORP

    200

    500