SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
ZEMEX CORPORATION
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
989917109
(CUSIP Number)
Check the following box if a fee is being paid with this statement
_x__. (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") of 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 of 5 Pages
(Continued on following page(s))
Page 2 of 5 Pages
CUSIP NO. 989917109
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Zesiger Capital Group LLC
Tax Id. No. 13-3813880
2. Check the Appropriate Box if a Member of a Group*
(a)N/A
(b)
3. SEC Use Only
4. Citizenship or Place of Organization
New York, New York
Number 5. Sole Voting Power 188,530 shs
of
Shares 6. Shared Voting Power N/A
Beneficially
Owned by Each 7. Sole Dispositive Power 504,166 shs
Reporting
Person With 8. Shared Dispositve Power N/A
9. Aggregate Amount Beneficially Owned by Each Reporting Person
504,166 shs
10. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares*
N/A
11. Percent of Class Represented by Amount in Row (11)
5.9%
12. Type of Reporting Person*
Investment Adviser (IA)
Page 3 of 5 Pages
Item 1.
(a) Name of Issuer:
Zemex Corporation
(b) Address of Issuer's Principal Executive Office:
Canada Trust Tower
BCE Place, 161 Bay Street
Suite 3750, P.O. Box 703
Toronto, Ontario
Canada M5J 2S1
Item 2.
(a) Name of Persons Filing
Zesiger Capital Group LLC
(b) Address of Principal Business Office
320 Park Avenue, 30th Floor, New York, New York 10022
(c) Citizenship
New York
(d) Title of Class of Securities
Common Stock
(e) CUSIP number:
989917109
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a(n):
(a) ___ Broker or Dealer registered under Section 15
of the Act
(b) ___ Bank as defined in section 3(a)(6) of the Act
(c) ___ Insurance Company as defined in section
3(a)(19) of the Act
Page 4 of 5 Pages
(d) ___ Investment Company registered under section 8
of the Investment Company Act
(e) _X_ Investment Advisor registered under section 203
of the Investment Advisors Act of 1940
(f) ___ Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see section 240.13d-1(b)(1)(ii)(F)
(g) ___ Parent Holding Company, in accordance with section
240.13d-1(b)(ii)(G)(Note: See Item 7)
(h) ___ Group, in accordance with section 240.13d-1(b)
(1)(ii)(H)
Item 4. Ownership
(a) Amount Beneficially Owned
504,166
(b) Percent of Class
5.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
188,530
(ii) shared power to vote or to direct the vote
N/A
(iii) sole power to dispose or to direct the disposition
504,166
(iv) shared power to dispose or to direct the disposition
N/A
Item 5. Ownership of Five Percent or Less of a Class.
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Clients for whom Zesiger Capital Group LLC acts as investment
adviser may withdraw dividends or the proceeds of sales from the
accounts managed by Zesiger Capital Group LLC. No single client
account owns more then 5% of the class of securities.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
<PAGE>
Page 5 of 5 Pages
Item 10. Certification.
By signing below I certify that, to the best of my 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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is ture, complete
and correct.
Dated: February 1, 1996.
By:
/s/ Barrie R. Zesiger
Managing Director - Administration
