BROKERAGE FIRM UPS STAKE IN ALLEGHENY <AG>
The New York brokerage firm of Spear,
Leeds and Kellogg told the Securities and Exchange Commission
it had increased its preferred stock in Allegheny International
Inc to 8.6 pct, from 7 pct.
    It said it may buy additional shares, but had not decided
whether to offer its shares in response to a tender offer by
Sunter Acquisition Corp, a unit of First Boston Inc.
    The brokerage firm said it bought the Allegheny shares
March 30-April 2 for 86.50-87.25 dlrs each.
 reuter
