SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
Under the Securities Exchange Act of 1934
(Amendment No.________)*
US Leather
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
912134103
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
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*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>
CUSIP No. 912134103 13G Page 2 of 4 Pages
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1. NAME OF REPORTING PERSON(S)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON(S)
Northeast Investors Trust
04-6012886
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Boston, MA
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NUMBER OF 5. SOLE VOTING POWER
SHARES 1,007,308
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 1,007,308
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8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,007,308
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.1%
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12. TYPE OF REPORTING PERSON*
IV
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
13G Page 3 of 4 Pages
Item 1. (a) US Leather Inc.
(b) 1403 West Bruce Street, Milwaukee, WI 53204
Item 2. (a) Northeast Investors Trust
(b) 50 Congress Street, Boston, MA 02109-4096
(c) Massachusetts
(d) Common Stock
(e) 912134103
Item 3. (d) [X] Investment Company registered under Section 8 of the
Investment Company Act,
<PAGE>
13-G Page 4 of 4 Pages
Item 4. (a) 1,007,308
(b) 10.1%
(c) 1,007,308
(ii) -0-
(iii) 1,007,308
(iv) -0-
(d) Shares which there is a right to acquire:
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Item 5. N/A
Item 6. N/A
Item 7. N/A
Item 8. N/A
Item 9. N/A
Item 10. Certification.
By signing below -I/we- certify that, to the best of my/our
knowledge and belief, the securities 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 the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose or effect.
<PAGE>
Signature.
After reasonable inquiry and to the best of my knowledge and belief,
-I/we- certify that the information set forth in this statement is
true, complete and correct.
Date: February 11, 2000
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(Signature)*
Robert B. Minturn, Jr. Trustee
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(Name/Title)
* Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).