CARTER-DAY SELLS ASSETS OF UNIT
<Carter-Day Industries Inc>
said its Hart-Carter Co subsidizary has sold substantially all
of its assets used in the production and sale of farm
machinery for 500,000 dlrs below book value in cash and notes.
    It said substantially all of the proceeds from the
transaction are committed to application against advances from
secured lenders, accounts payable and accrued liabilities.
    The company said for the nine months ended December 31, the
operations being sold had revenues of 8,105,000 dlrs and lost
146,000 dlrs.
 Reuter
