<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Standard Commercial Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
853258101
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(CUSIP Number)
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SCHEDULE 13G
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CUSIP No. 853258101
----------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert E. Torray
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /x/
- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- -----------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY -----------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON -----------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- -----------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
- -----------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.00%
- -----------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
- -----------------------------------------------------------------------------------------------------------
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SCHEDULE 13G
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CUSIP No. 853258101
----------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert E. Torray & Co., Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /x/
- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
- -----------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ----------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON ----------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- -----------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
- -----------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.00%
- -----------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA
- -----------------------------------------------------------------------------------------------------------
</TABLE>
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SCHEDULE 13G
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CUSIP No. 853258101
----------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Torray Corporation
-------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /x/
- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
- -----------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES -0-
BENEFICIALLY ----------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING -0-
PERSON ----------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- -----------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- -----------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES / /
- -----------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.00%
- -----------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA
- -----------------------------------------------------------------------------------------------------------
</TABLE>
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Item 1.
(a) Name of Issuer: Standard Commercial Corporation
(b) Address of Issuer's Principal Executive Offices:
2201 Miller Road
Wilson, North Carolina 27893
Item 2.
(a) Name of Person Filing: Robert E. Torray/ Robert E. Torray &
Co., Inc./The Torray Corporation
(b) Address of Principal Business Office or, if none, Residence:
Robert E. Torray
6610 Rockledge
Drive, Suite 450
Bethesda, MD 20817-1869
Robert E. Torray & Co., Inc.
6610 Rockledge Drive, Suite 450
Bethesda, MD 20817-1869
The Torray Corporation
6610 Rockledge Drive, Suite 450
Bethesda, MD 20817-1869
(c) Citizenship: United States of America/Maryland/Maryland
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 853258101
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
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(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
(d) / / Investment Company registered under section 8 of the Investment Company Act
(e) /x/ Investment Adviser registered under section 203 of the Investment Advisers 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) /x/ Parent Holding Company, in accordance with Section 240.13d-1(b)(ii)(G)
(h) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
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Item 4. Ownership
Item 5. If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class
ofsecurities check the following [X].
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Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company
See Exhibit A
Item 8. Identification and Classification of Members of the Group
Item 9. Notice of Dissolution of Group
Item 10. Certification
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SIGNATURE
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 and may be filed jointly with Robert E. Torray and Co.,
Inc. and the Torray Corporation.
Dated: 3/10/97
By: /s/Robert E. Torray
-----------------------
Name: Robert E. Torray
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SIGNATURE
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 and may be filed jointly with Robert E. Torray and the
Torray Corporation.
Dated: 3/10/97 ROBERT E. TORRAY AND CO., INC.
By: /s/William M Lane
------------------------
Name: William M Lane
Title: President
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SIGNATURE
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 and may be filed jointly with Robert E. Torray, Inc. and
Robert E. Torray.
Dated: 3/10/97 THE TORRAY CORPORATION
By: /s/William M Lane
-------------------------
Name: William M Lane
Title: Vice President
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EXHIBIT A
Robert E. Torray is filing this statement as a parent holding company in
reliance on the following SEC No-Action Letters: Edward C. Johnson 3d, SEC
No-Action Letter (Aug. 30, 1991) and Warren E. Buffet and Berkshire Hathaway,
Inc., SEC No-Action Letter (Dec. 5, 1986). The relevant subsidiaries, Robert
E. Torray & Co., Inc. and The Torray Corporation, are registered as investment
advisers under Section 203 of the Investment Advisers Act of 1940 and are
deemed to have beneficial ownership of the subject securities because they each
possess investment discretion with respect to the accounts in which the shares
are held.
