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Wednesday, September 16, 1998     Page: 8B

AROUND TOWN
   
SEC SUSPENDS, FINES BROKER: A Clarks Summit broker has been suspended for
45
    days and will pay a $10,000 civil penalty in connection with allegations he
executed a trade for a customer with insider knowledge of a pending bank
mergerAndrew Paul Tomasko has consented to the penalty without admitting or
denying the allegations, according to the U.S. Securities and Exchange
Commission, which filed the charges.
   
According to the commission, Tomasko executed a trade for John Martines,
who learned from Harry Morgan, a director of First Eastern Corp., that the
bank would be acquired by PNC Bank. Martines is president of LA Bank and
Morgan is a furniture company president.
   
Tomasko, according to the commission charges, was aware that Martines was
trading on insider information.
   
Martines purchased 1,000 shares of First Eastern stock on July 26 at a
purchase price of $17.75 per share. On July 27, after the merger was
announced, Tomasko sold Martines stock for $25.125 per share, resulting in an
overnight profit of $7,375.
   
Martines of Carbondale and Harry C. Morgan of Scranton already have settled
with the SEC. Martines agreed to pay $81,690 and Morgan agreed to pay $54,519.
   
And, Myles R. Wren, a Scranton lawyer, agreed last month to pay $107,618 in
two insider trading allegations, one of which was the First Eastern-PNC Bank
sale.
   
SERVSAFE TRAINING TO BE OFFERED: Metz & Associates is offering a
certification course in ServSafe training sponsored by the Educational
Foundation of the National Restaurant Association.
   
The seminar will be held Sept. 28 and 29 at College Misericordia, Merrick
Hall, Dallas Township.
   
The course instructors are David M. Pahl, area manager, and Jacob Hazny,
corporate chef, Metz & Associates.
   
ServSafe is part of the Educational Foundation’s food safety program and
includes training in measuring risks, setting policies and training and
supervising employees.
   
The fee of $150 includes all study materials, exam, meals and breaks. For
information or to register, call 675-8100.
   
MEAL DELIVERY SERVICE PURCHASED: American Vending Co. has acquired Aunt
Raini’s Kitchen, a hot food service in CAN DO’s Valmont Industrial Park.
   
The restaurant delivers full-course hot meals as well as hamburgers and
hoagies to plants in the park. Weekly menus are delivered to the park’s plants
and customers order from them.
   
American Vending will lease the building Aunt Raini’s Kitchen occupies on
Lions Drive. Lorraine Giuliani will remain with the hot food operations during
a transition period.
   
WORKSHOPS TO EXAMINE DRINKING WATER: Clean Water Action has announced a
series of drinking water workshops to educate citizens on changes made by
Congress to the Safe Drinking Water Act.
   
The local session of the “Tap Into Watersheds” workshops will be held from
9:30 a.m. to 3 p.m. Saturday at King’s College.
   
The speakers include representatives of Clean Water Action, the
Environmental Protection Agency, the state Department of Environmental
Protection, national environmental experts, public health advocates and
regional watershed protection groups.
   
For information or to register, call (610) 434-9223.
   
DOW WINNING STREAK AT 3 DAYS: Stocks pushed higher Tuesday after some early
profit-taking, giving Wall Street its first three-session winning streak in
more than a month.
   
The Dow Jones industrial average overcame an early 63-point deficit and
rose about 79 points to 8,024, extending the rally that began Friday to 410
points.
   
Broader stock measures also shook off some mild profit-taking in the
unusually quiet session.
   
The three-session advance, the first since Aug. 5-7, has put the Dow back
above its 1998 starting point of 7,908.25.
   
Market sentiment has improved in recent