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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ____)
The Chicago Dock and Canal Trust
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
1673391
(CUSIP Number)
Fred Eychaner, c/o Newsweb Corporation, 1645 W. Fullerton Avenue,
Chicago, IL 60614 (312) 975-0400
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
January 24, 1995
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1(b)(3) or
(4), check the following box / /.
Check the following box if a fee is being paid with the statement
/x/. (A fee is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should
be filed with the Commission. See Rule 13d-1(a) for other parties
to whom copies are to be sent.
*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 disclosures provided in a
prior cover page.
The information required on 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).
SCHEDULE 13D
CUSIP No. 1673391 Page 2 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Fred Eychaner (S.S.# ###-##-####)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7 SOLE VOTING POWER
323,500
8 SHARED VOTING POWER
100
9 SOLE DISPOSITIVE POWER
323,500
10 SHARED DISPOSITIVE POWER
100
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
323,600
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.59%
14 TYPE OF REPORTING PERSON*
IN
SCHEDULE 13D
CUSIP No. 1673391 Page 3 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Newsweb Corporation (I.R.S.# 362728759)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH
7 SOLE VOTING POWER
0
8 SHARED VOTING POWER
100
9 SOLE DISPOSITIVE POWER
0
10 SHARED DISPOSITIVE POWER
100
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.002%
14 TYPE OF REPORTING PERSON*
CO
Item 1. Security and Issuer
This Schedule 13D relates to the shares of common stock, no par
value (the "Common Stock" or the "Shares") of The Chicago Dock and
Canal Trust (the "Company") with its principal executive offices
located at 455 East Illinois Street, Suite 565, Chicago, Illinois
60611.
Item 2. Identity and Background
This Schedule 13D is being filed by Fred Eychaner individually and
on behalf of Newsweb Corporation. Eychaner's business address is
c/o Newsweb Corporation, 1645 West Fullerton Avenue, Chicago,
Illinois 60614. His principal occupation is President and Chief
Executive Officer of Newsweb Corporation. Newsweb Corporation is
located at 1645 W. Fullerton Avenue, Chicago, Illinois 60614. The
principal business of Newsweb Corporation is to own and operate a
television station and printing company. Eychaner has not, during
the last five years, been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors). Eychaner
has not, during the last five years, been a party to any civil
proceeding of a judicial or administrative body of competent
jurisdiction as a result of which he was or is subject to a
judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities law or finding any violation with respect to such laws.
Eychaner is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration
Eychaner purchased the shares using personal funds. Newsweb
purchased the shares using working capital.
Item 4. Purpose of Transaction
Eychaner acquired his Shares for the purpose of investment because
he believes the Shares represented a favorable investment
opportunity. He is evaluating and expects to continue evaluating
the investment potential of the Shares. Depending on various
factors including the results of such evaluation, the Company's
business prospects and financial position, other developments
concerning the Company, the price level of the Shares, available
opportunities to acquire or dispose of Shares or realize trading
profits, conditions in the securities markets and general economic
and industry conditions, reinvestment opportunities and development
relating to his business, Eychaner may in the future take such
actions with respect to such holdings in the Company as he deems
appropriate in light of circumstances existing from time to time
and will continue to explore measures aimed at enhancing
shareholder value. Such actions may include the purchase of
additional Shares in the open market, through privately negotiated
transactions with third parties or otherwise, or the sale at any
time, in the open market, through privately negotiated transactions
with third parties or otherwise, of all or a portion of the Shares
now owned or hereafter acquired.
Eychaner has no present plans or proposals which would result in or
relate to any of the transactions described in paragraphs (a)
through (j) of Item 4 of Schedule 13D. In the future, however,
Eychaner reserves the right to adopt such plans or proposals
subject to applicable regulatory requirements, if any.
Item 5. Interest in Securities of the Issues
(a) Eychaner beneficially owns 323,600 Shares representing 5.59% of
the outstanding Shares.
(b) Eychaner has the sole power to vote and the sole power to
dispose of 323,500 Shares. Eychaner has the shared power to vote
and the shared power to dispose of 100 Shares. Newsweb Corporation
has the sole power to dispose of -0- Shares. Newsweb has the
shared power to vote and the shared power to dispose of 100 Shares.
(c) Eychaner purchased (i) 29,000 shares on December 13, 1994 at a
price of 10 7/8 per share for a total consideration of $315,375;
(ii) 6,000 shares on December 19, 1994 at a price of 10 3/8 per
share for a total consideration of $62,250; (iii) 10,000 shares on
January 13, 1995 at a price of 10 3/8 per share for a total
consideration of $103,750; (iv) 67,000 shares on January 24, 1995
at a price of 10 1/4 per share for a total consideration of
$690,100 and (v) 5,000 shares on January 26, 1995 at a price of 10
3/8 per share for a total consideration of $52,325.
(d) No other person has the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of
such securities.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
Except as described above, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the
persons named in Item 2 hereof or between such persons and any
other person with respect to any securities of the Company,
including but not limited to transfer or voting of any other
securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, divisions of
profits or loss, or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits
No Exhibits are required to be filed.
Signatures
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Agreement
is true, complete and correct.
Date: February 2, 1995
/s/ FRED EYCHANER
______________________
Fred Eychaner
NEWSWEB CORPORATION
/s/ FRED EYCHANER
______________________
Fred Eychaner, President
