CENTRAL STEEL & WIRE CO
SC 13G/A, 1994-02-11
METALS SERVICE CENTERS & OFFICES
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                            UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549


                            SCHEDULE 13G/A

              Under the Securities Exchange Act of 1934

                          (Amendment No. 15)

                    CENTRAL STEEL AND WIRE COMPANY
                   --------------------------------
                           (Name of Issuer)

                             Common Stock
                    (Title of Class of Securities)

                             155411-10-1
                            (CUSIP Number)

  Check the  following  box  if  a fee  is  being  paid  with  this
  statement [__].    (A fee  is  not required  only  if the  filing
  person:     (1)  has  a  previous  statement  on  file  reporting
  beneficial  ownership of more than  five percent of  the class of
  securities  described in Item 1;  and (2) has  filed no amendment
  subsequent thereto reporting beneficial ownership of five percent
  or less of such class.)  (See Rule 13d-7).

  The  remainder of  this cover  page  shall be  filled  out for  a
  reporting person's initial  filing on this  form with respect  to
  the subject class of securities, and for any subsequent amendment
  containing information which would alter the disclosures provided
  in a prior cover page.

  The information  required  in the  remainder of  this cover  page
  shall  not be deemed to be "filed"  for the purpose of Section 18
  of  the Securities  Exchange  Act of  1934  ("Act") or  otherwise
  subject to  the liabilities of that section  of the Act but shall
  be subject to all  other provisions of the Act  (however, see the
  Notes).
<PAGE>



  1.   NAME OF REPORTING PERSON
       S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                 FRANK A. TROIKE


  2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                         (a)  __

                                                         (b)  __

  3.   SEC USE ONLY



  4.   CITIZEN OR PLACE OF ORGANIZATION

            U.S.A.


  5.   SOLE VOTING POWER



  6.   SHARED VOTING POWER

            90


  7.   SOLE DISPOSITIVE POWER




  8.   SHARED DISPOSITIVE POWER

            90


  9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            90


  10.  CHECK  BOX  IF THE  AGGREGATE  AMOUNT  IN ROW  (9)  EXCLUDES
       CERTAIN SHARES

            X


  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            Less than .1%


  12.  TYPE OF REPORTING PERSON

            IN
<PAGE>



  1.   NAME OF REPORTING PERSON
       S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                 ALFRED G. JENSEN


  2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                         (a)  __

                                                         (b)  __

  3.   SEC USE ONLY



  4.   CITIZEN OR PLACE OF ORGANIZATION

            U.S.A.


  5.   SOLE VOTING POWER



  6.   SHARED VOTING POWER

            80


  7.   SOLE DISPOSITIVE POWER


  8.   SHARED DISPOSITIVE POWER

            80


  9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            80


  10.  CHECK  BOX IF  THE  AGGREGATE  AMOUNT  IN ROW  (9)  EXCLUDES
       CERTAIN SHARES

            X

  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            Less than .1%


  12.  TYPE OF REPORTING PERSON

            IN
<PAGE>



  1.   NAME OF REPORTING PERSON
       S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                 JOHN M. TIERNAN


  2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                         (a)  __

                                                         (b)  __


  3.   SEC USE ONLY


  4.   CITIZEN OR PLACE OF ORGANIZATION

            U.S.A.


  5.   SOLE VOTING POWER


  6.   SHARED VOTING POWER

            50

  7.   SOLE DISPOSITIVE POWER


  8.   SHARED DISPOSITIVE POWER

            50

  9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            50


  10.  CHECK BOX  IF  THE  AGGREGATE AMOUNT  IN  ROW  (9)  EXCLUDES
       CERTAIN SHARES

            X

  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            Less than .1%


  12.  TYPE OF REPORTING PERSON

            IN
<PAGE>




  1.   NAME OF REPORTING PERSON
       S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                 RICHARD P. UGOLINI


  2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                         (a)  __

                                                         (b)  __

  3.   SEC USE ONLY


  4.   CITIZEN OR PLACE OF ORGANIZATION

            U.S.A.


  5.   SOLE VOTING POWER


  6.   SHARED VOTING POWER

            60


  7.   SOLE DISPOSITIVE POWER


  8.   SHARED DISPOSITIVE POWER

            60

  9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            60


  10.  CHECK  BOX  IF THE  AGGREGATE  AMOUNT  IN ROW  (9)  EXCLUDES
       CERTAIN SHARES

            X


  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            Less than .1%



  12.  TYPE OF REPORTING PERSON

            IN
<PAGE>




  1.   NAME OF REPORTING PERSON
       S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                 MICHAEL X. CRONIN


  2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                         (a)  __

                                                         (b)  __

  3.   SEC USE ONLY


  4.   CITIZEN OR PLACE OF ORGANIZATION

            U.S.A.


  5.   SOLE VOTING POWER

            10


  6.   SHARED VOTING POWER


  7.   SOLE DISPOSITIVE POWER

            10


  8.   SHARED DISPOSITIVE POWER



  9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            10


  10.  CHECK  BOX IF  THE  AGGREGATE  AMOUNT  IN ROW  (9)  EXCLUDES
       CERTAIN SHARES

            X


  11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            Less than .1%


  12.  TYPE OF REPORTING PERSON

            IN
<PAGE>




  INTRODUCTORY  NOTE:  This Amendment No. 15 amends only Items 2(a)
  and 4  of the Schedule 13G.   Pursuant to Rule  13d-2(c) and Item
  101(a)(2)of Regulation S-T, however, as the first amendment after
  mandated  electronic filing,  this Amendment restates  the entire
  text of the Schedule 13G.


  Item  1(a).    Name of Issuer.

                 Central Steel & Wire Company

  Item  1(b).    Address of Issuer's Principal Executive Offices.

                 3000 West 51st Street
                 Chicago, Illinois 60632

  Item 2(a).     Name of Persons Filing.

                 Frank A Troike
                 Alfred G. Jensen
                 John M. Tiernan
                 Richard P. Ugolini
                 Michael X. Cronin

  Item 2(b).     Address  of Principal Business Office Or, If None,
                 Residence.

                 Central Steel & Wire Company
                 3000 West 51st Street
                 Chicago, Illinois 60632



  Item  2(c).    Citizenship.

                 United States of America.

  Item  2(d).    Title of Class of Securities.

                 Common Stock.

  Item  2(e).    CUSIP Number.

                 155411-10-1


  Item 3.   If this  statement is filed pursuant  to Rule 13d-l(b),
            or 13d-2(b), check whether the person filing is a:

            (f)  [X]  The  Central  Steel  &  Wire  Company  Profit
  Sharing  Trust  funds the  Central  Steel &  Wire  Company Profit
  Sharing  Plan, which is subject to the provisions of the Employee
  Retirement Income Security Act of 1974.  See Item 4.
<PAGE>






  Item 4.   Ownership

            At December 31, 1993, the  Central Steel & Wire Company
            Profit Sharing Trust continued  to own 51,338 shares of
            the  Common Stock  of  Central Steel  and Wire  Company
            (17.95% of the shares outstanding).  The members of the
            Profit  Sharing  Board  (Frank  A.  Troike,  Alfred  G.
            Jensen, John M. Tiernan, Richard P. Ugolini and Michael
            X. Cronin) shared the  voting and investment power with
            respect  to such  shares.   Each  of these  individuals
            disclaims beneficial ownership  of the shares described
            in this paragraph.

            These  individuals   are  beneficial  owners   of,  and
            exercise  the following  powers  with  respect to,  the
            following additional shares:

            Mr. Troike          90        (shared voting  power and
                                          shared   investment      
                                          power)

            Mr. Jensen          80        (shared voting power and 
                                          shared investment power)

            Mr. Tiernan         50        (shared voting power  and
                                          shared investment power)

            Mr. Ugolini         60        (shared voting power  and
                                          shared investment power)

            Mr. Cronin          10        (sole  voting  power  and
                                          sole investment power)

  Item 5.   Ownership of Five Percent or Less of a Class.

            Not  Applicable.

  Item 6.   Ownership  of  More  Than  Five Percent  on  Behalf  of
            Another Person.

                 The Central Steel & Wire Company Employees' Profit
            Sharing Trust  has the  right to receive  dividends on,
            and  the proceeds from any sale of, the shares owned by
            it.  With respect  to the other shares included  in the
            answer to Item 4, other individuals share  the right to
            receive dividends  on, and  the proceeds from  any sale
            of,  the  shares as  to  which  the listed  individuals
            exercise shared voting and investment power.


  Item 7.   Identification  and  Classification  of the  Subsidiary
            Which Acquired  the Security  Being Reported on  By The
            Parent Holding Company.
<PAGE>






            Not  Applicable.

  Item 8.   Identification and  Classification  of Members  of  the
            Group.

            Not  Applicable.

  Item 9.   Notice of Dissolution of Group.

            Not Applicable.

  Item 10.  Certification.

            By signing below,  I certify  that, to the  best of  my
  knowledge  and belief, the securities owned by the Profit Sharing
  Trust referred to above  were acquired in the ordinary  course of
  business and were not acquired for the purpose of and do not have
  the effect  of  changing or  influencing the  control of  Central
  Steel and Wire Company  and were not acquired in  connection with
  or  as a participant in  any transaction having  such purposes or
  effect.

            After  reasonable  inquiry  and   to  the  best  of  my
  knowledge and belief, I certify that the information set forth in
  this Amendment is true, complete and correct.

                                     DATE:  January 20, 1994



                                     s/ Frank A. Troike
                                     ----------------------------
                                     Frank   A.  Troike,   for  the
                                     Central  Steel &  Wire Company
                                     Profit Sharing Board
<PAGE>







                              EXHIBIT A

            The  undersigned agree that the foregoing Amendment No.
  15 to  Statement on Schedule  13G is filed  on behalf of  each of
  them.



                                          s/ Frank A. Troike
                                          -----------------------
                                          Frank A. Troike



                                          s/ Alfred G. Jensen
                                          -----------------------
                                          Alfred G. Jensen


                                          s/ John M. Tiernan
                                          -----------------------
                                          John M. Tiernan


                                          s/ Richard P. Ugolini
                                          -----------------------
                                          Richard P. Ugolini



                                          s/ Michael X. Cronin
                                          -----------------------
                                          Michael X. Cronin
<PAGE>


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