FIRM HAS ALLEGHENY INT'L <AG> PREFERRED STAKE
Spear, Leeds and Kellogg, a New York
brokerage partnership, said it has acquired 136,300 shares of
Allegheny International Inc's 11.25 dlr convertible preferred
stock, or 7.1 pct of the total outstanding.
    In a filing with the Securities and Exchange Commission,
Spear Leeds said it bought the stake for 11.7 mln dlrs as part
of its normal trading activities.
 Reuter
