SMALL COMPANY INITIAL PUBLIC OFFERINGS: APRIL 1986

Offering First

O-T-C Size Price aftermarket

sym. Company Business/product ($ mil.) bid Underwriter

ARBR Arbor Drugs Operates 38.00 19.00 20 1/2 Salomon

drugstores Bros.

ARYUF Aryt Optronics Mfrs./designs 4.70 d 8.60 9 3/4 Rooney

Industries ophthalmic Pace

products

BARY Barry's Operates retail 15.75 14.00 14 1/4 Merrill

Jewelers jewelry stores Lynch

CAAN Cambridge Provides 5.00 5.00 6 1/2 Laidlaw

Analytical waste- Adams

management

svcs.

CWCC Capital Wire Mfrs./sells 15.60 13.00 14 Eppler

& Cable elec. Guerin

wire & cable

CAVH Cavalier Homes Designs/sells 4.49 6.50 6 1/2 Southwest

mobile homes Securities

CTWL Chartwell Mfrs./mkts. 21.00 14.00 14 1/4 Advest

Group interior-

decorating

acces.

CLRXU Colorocs Designs/mfrs./ 4.00 d 5.00 5 9/16 Eastern

mkts. full-color Capital

copiers

CABL Communication Devels./mkts. 3.33 7.00 7 Blackstock

Cable cables for

electronics

indus.

EMCS EMC Mfrs. computer- 41.25 16.50 16 1/2 Merrill

enhancement Lynch

prods.

FAI b First Closed-end 750.00 10.00 10 5/8 Prudential-

Australia investment co. Bache

Prime

FARK First Federal Savings bank 12.78 10.00 12 Smith

of Arkansas Barney

GNDR Gander Retail 9.90 11.00 12 3/4 Blunt Ellis

Mountain hunting/fishing

clothing

equipment

GDT a Gottschalks Operates 22.16 16.00 16 1/8 Salomon

department Bros.

& specialty

stores

c John Hanson Savings & 21.00 7.00 7 1/2 Prudential-

S & L loan assn. Bache

LLEC Long Lake Devels./operates 11.00 5.50 5 1/2 Shearson

Energy hydroelectric Lehman

plants

MSCA M.S. Carriers Irregular-route 17.00 17.00 23 Alex. Brown

trucking carrier

MUNI Municipal Devels./ 9.49 8.25 8 1/2 McKinley

Development acquires Allsop

municipal

facilities

NSBK North Side Savings bank 15.65 13.50 15 Merrill

Savings Bank Lynch

ONCS Oncogene Devels. cancer- 13.80 6.00 7 3/4 Wm. K.

Science detection prods. Woodruff

RGEN Repligen Devels. 17.25 11.50 11 1/2 Shearson

biochemical Lehman

products

RCSB Rochester Savings bank 87.26 14.00 15 5/8 Drexel

Savings Burnham

Bank

SNDY Sandusky Mfrs. plastic 6.60 11.00 12 Advest

Plastics containers

SRCO Sealright Prods./mkts. 21.00 15.00 17 3/4 George

paper & K. Baum

plastic

containers

TROW a T. Rowe Price Mutual fund 30.00 24.00 25 3/4 Goldman

Association investment Sachs

adviser

TECD Tech Data Distributes 8.00 9.75 10 1/4 Robinson-

computer Humphrey

hardware

TLII Trans Leasing Leases medical 10.89 8.38 8 3/8 Moseley,

International equipment Hallgarten

UMG a Universal Mfrs./mkts. 48.00 16.00 16 1/2 Bear

Matchbox toy prods. Stearns

WPGI Western Devels./publs./ 201.60 20.00 20 Drexel

Publishing mkts. Burnham

childrens'

books

XRIT X-Rite Mfrs./mkts. 6.30 7.00 7 1/8 Roney

electronic

instruments

a trading on NYSE;

b trading on AMEX

c no symbol;

d units of 2 common + 1 warrant.

Initial public offerings sold at $1 or less not included. Issues without underwriters not included. First aftermarket bid is approximate.

Offering data source: GOING PUBLIC: The IPO Reporter, a publication of The Dealer's Digest Inc., 150 Broadway, New York, NY 10038.