UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
QPQ CORPORATION
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
459951109
(CUSIP Number)
Charles R. Haywood
Foley & Lardner
One IBM Plaza
330 North Wabash Avenue
Suite 3300
Chicago, Illinois 60611
(312) 755-1900
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 3, 1997
(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 [ ].
<PAGE>
1 Name of Reporting Person
S.S. or I.R.S. Identification Number of Above Person (optional)
F.T. Trading
2 Check The Appropriate Box If a Member of a Group (a)[X]
(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
Republic of Ireland
7 Sole Voting Power
0 shares
Number of
Shares 8 Shared Voting Power
Beneficially 0 shares
Owned By
Each Reporting 9 Sole Dispositive Power
Person With 0 shares
10 Shared Dispositive Power
0 shares
11 Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
12 Check Box If The Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
13 Percent of Class Represented By Amount in Row (11)
0.0%
14 Type of Reporting Person
OO
<PAGE>
1 Name of Reporting Person
S.S. or I.R.S. Identification Number of Above Person (optional)
John T. Porter
2 Check The Appropriate Box If a Member of a Group (a)[X]
(b)[ ]
3 SEC Use Only
4 Source of Funds: Not Applicable
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
7 Sole Voting Power
0 shares
Number of
Shares 8 Shared Voting Power
Beneficially 0 shares
Owned By
Each Reporting 9 Sole Dispositive Power
Person With 0 shares
10 Shared Dispositive Power
0 shares
11 Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
12 Check Box If The Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
13 Percent of Class Represented By Amount in Row (11)
0.0%
14 Type of Reporting Person
IN
<PAGE>
1 Name of Reporting Person
S.S. or I.R.S. Identification Number of Above Person (optional)
Brian D. Porter
2 Check The Appropriate Box If a Member of a Group (a)[X]
(b)[ ]
3 SEC Use Only
4 Source of Funds: Not Applicable
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
7 Sole Voting Power
0 shares
Number of
Shares 8 Shared Voting Power
Beneficially 0 shares
Owned By
Each Reporting 9 Sole Dispositive Power
Person With 0 shares
10 Shared Dispositive Power
0 shares
11 Aggregate Amount Beneficially Owned by Each Reporting Person
0 shares
12 Check Box If The Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
13 Percent of Class Represented By Amount in Row (11)
0.0%
14 Type of Reporting Person
IN
This Amendment No. 1 to Schedule 13D is filed jointly by F.T. Trading
("F.T. Trading"), John T. Porter and Brian D. Porter (the "Group") and
relates to the common stock, $.01 par value (the "Common Stock"), of QPQ
Corporation (the "Issuer"). This Amendment No. 1 amends the Schedule 13D
initially filed on July 3, 1997 (the "Schedule 13D"). The following items
in the Schedule 13D are amended to read in their entirety as follows:
Item 4. Purpose of Transaction
The Group has disposed of the shares described herein and now holds
no Common Stock. The Group may choose at any time to purchase Common
Stock, but does not intend to do so at this time. The Group has no
specific plans or proposals that relate to, or could result in, any of the
matters referred to in paragraphs (a) through (j), inclusive, of Item 4 of
Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a)-(b) None of Anthony Ardizzone, John T. Porter, Brian D. Porter,
Ann T. Porter, Dana T. Porter or the Owners (as defined in the Schedule
13D) beneficially owns any shares of the Common Stock personally or
otherwise.
(c) The following transactions are the only transactions in the
Common Stock made by the Group in the past 60 days, all of which were made
in open market sales on the Nasdaq SmallCap Market:
Date Number of Shares Price Per Share
10/3/97 19,400 $0.7877
10/5/97 1,000 $0.75
10/8/97 15,000 $0.75
10/9/97 3,000 $3.00
Because of two reverse stock splits undertaken by the Issuer, the
total number of shares sold does not equal the number of shares described
as beneficially owned in the Schedule 13D. However, the Group has now
sold its entire ownership of Common Stock.
(d) Not applicable.
(e) On October 3, 1997, the Group ceased to beneficially own more
than five percent of the Common Stock.
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Date: October 23, 1997
F.T. TRADING
/s/ Anthony Ardizzone
By: Anthony Ardizzone,
Vice President
/s/ John T. Porter
John T. Porter
/s/ Brian D. Porter
Brian D. Porter
