BALLY <BLY> TO REDEEM PREFERRED SHARES
Bally Manufacturing Corp said it called
for optional redemption of its outstanding Series E increasing
dividend preferred stock on August 1 at 50 dlrs a share.
    The redemption price will be payable on August 1.
    The regular quarterly dividend of 1.50 dlrs a share will be
paid August 1, record July 15.
 Reuter
