Mid Continent Capital LLC/Adv – ‘SC 13G’ on 4/2/99 re: JG Industries Inc/IL

As of:  Friday, 4/2/99   ·   Accession #:  1042767-99-5   ·   File #:  5-33631

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Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                      5±    18K 

Document Table of Contents

      SECURITIES AND EXCHANGE COMMISSION
      WASHINGTON, D.C. 20549
      ____________________

      SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF
1934                                                                            
      ____________________

         JG INDUSTRIES, INC.
      (NAME OF ISSUER)

COMMON STOCK, NO PAR VALUE        
   -------------------------------------
--                                                                              
      (TITLE OF CLASS OF SECURITIES)

       466145 10 9
     ---------
(CUSIP NUMBER OF CLASS OF       
SECURITIES)                                                                     

THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE                    
SHALL NOT BE                                                                    
DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE                       
SECURITIES EXCHANGE                                                             
ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES                     
OF THAT SECTION                                                                 
OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF                      
THE ACT (HOWEVER,                                                               
SEE THE NOTES).                                                                 

SCHEDULE 13G                                                                    

CUSIP No. 466145 10 9                                     

1.   NAME OF REPORTING PERSON                             
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE      
PERSON                                                                          

Mid-Continent Capital, L.L.C., a      
Delaware Limited                                                                
Liability Company                     
I.R.S. #36-4157405                    

2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A           
GROUP                                                                           
(a)                                                                 
(b)                                                           

3.   SEC USE ONLY                                                         

4.   CITIZENSHIP OR PLACE OF ORGANIZATION                 

Delaware, USA                         

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH PERSON WITH                   

5. SOLE VOTING POWER -         106,964                                    

6.   SHARED VOTING POWER -         0                        

7.   SOLE DISPOSITIVE POWER -       106,964                               

8.   SHARED DISPOSITIVE POWER -     0                                     

9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH          
REPORTING                                                                       
PERSON                                          
106,964                               

10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)         
EXCLUDES                                                                        
CERTAIN SHARES                                  

11.  PERCENT OF CLASS REPRESENTED BY AMOUNT ON            
ROW (9)                                                                         
10.1%                                 

12.  TYPE OF REPORTING PERSON - IA                        

ITEM 1(a).     NAME OF ISSUER:                                                  

JG INDUSTRIES, INC.                                         

ITEM 1(b).     ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE                          
OFFICES:                                                                        

1615 WEST CHICAGO AVE                                       
CHICAGO, IL   60622                                         

ITEM 2(a).     NAME OF PERSON FILING:                                           

This Statement is being filed by:                 

Mid-Continent Capital, L.L.C.                     

ITEM 2(b).     ADDRESS OF PRINCIPAL BUSINESS OFFICE:                            

55 W. Monroe; Suite 3560                          
Chicago, IL 60603                                 

ITEM 2(c).     CITIZENSHIP:                                                     

See Item 4 of the Cover Page.                     

ITEM 2(d).     TITLE OF CLASS OF SECURITIES:                                    

Common Stock, no par value                        

ITEM 2(e).     CUSIP NUMBER:                                                    

466145208                                         

ITEM 3.   INFORMATION IF STATEMENT IF BEING FILED PURSUANT                      
TO RULES 13d-1(b) OR                                                            
13d-2(b):                                                   

(e) [x] Investment Adviser registered under                 
section 203 of the                                                              
Investment Advisers Act of 1940.                            

ITEM 4.   OWNERSHIP:                                                            

(a) 106,964 shares of Common Stock                                              
-------------------------------------------------------               
-----------------                                                               
(Amount Beneficially Owned)                         

(b)  10.1%                                                                      
--------------------------------------------------------                
----------------                                                                
(Percent of Class)                              

(c)  Number of shares as to which such person has:                              

(i) 106,964                                                           
------------------------------------------------------              
-----------                                                                     
(sole power to vote or to direct the vote)  

(ii)   0                                                              
-----------------------------------------------------             
------------                                                                    
(shared power to vote or to direct the        
vote)                                                                           

(iii) 106,964                                                         
----------------------------------------------------            
-------------                                                                   
(sole power to dispose or to direct the           
disposition of)                                                                 

(iv)   0                                                              
------------------------------------------------        
-----------------                                                               
(shared power to dispose or to direct the           
disposition of)                                                                 

ITEM 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:                         

Not applicable.                                             

ITEM 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF                      
ANOTHER PERSON:                                                                 

Not applicable                                              

ITEM 7.   IDENTIFICATION AND CLASSIFICATION OF THE                              
SUBSIDIARY WHICH ACQUIRED THE                                                   
SECURITY BEING REPORTED ON BY THE PARENT HOLDING            
COMPANY:                                                                        

Not applicable.                                             

ITEM 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF                       
THE GROUP:                                                                      

Not applicable.                                             

ITEM 9.   NOTICE OF DISSOLUTION OF GROUP:                                       

Not applicable.                                             

ITEM 10.  CERTIFICATION:                                                        

By signing below I certify that, to the best      
of my knowledge and                                                             
belief, the securities referred to above were               
acquired in the ordinary                                                        
course of business and were not acquired for the            
purpose of and do not                                                           
have the effect of changing or influencing the              
control of the issuer                                                           
of such securities and were not acquired in                 
connection with or as a                                                         
participant in any transaction having such                  
purposes or effect.                                                             

SIGNATURE                                                   

After reasonable inquiry and to the best of my              
knowledge and belief, I                                                         
certify that the information set forth in this Statement is                     
true, complete and                                                              
correct.                                                                        

         MID-CONTINENT CAPITAL, L.L.C.

 By: /s/ John D. Mabie
             ---------------------------
-----------------                                                               
         Name:   John D. Mabie
    Title:  Chairman

Dated: April 1, 1999

Dates Referenced Herein

This ‘SC 13G’ Filing		Date		Other Filings
		4/5/99		None on these Dates
Filed on:		4/2/99
		4/1/99
				List all Filings