HONG KONG FIRM BOOSTS OGLEBAY <OGLE> STAKE
Industrial Equity (Pacific) Ltd, a
Hong Kong investment firm, said it raised its stake in Oglebay
Norton Co to 351,500 shares, or 10.6 pct of the total
outstanding common stock, from 286,500 shares, or 8.6 pct.
    In a filing with the Securities and Exchange Commission,
Industrial Equity, which is principally owned by Brierley
Investments Ltd, a publicly held New Zealand firm, said it
bought 65,000 Ogelbay shares on March 27 at 27.00 dlrs each.
    It also said the Federal Trade Commission had no objection
to its notification that it may buy between 15 and 24.9 pct of
Ogelbay's common stock.
 Reuter
