PHLX TO BEGIN TRADING SEVEN NEW OPTIONS

PHILADELPHIA, May 29 /PRNewswire/ -- The Philadelphia Stock Exchange
(PHLX) is pleased to announce that it will begin trading put and call options
on Cash America International, Inc. (option/stock symbol: PWN), MarketSpan
Corporation (option/stock symbol: MN), AFC Cable Systems, Inc. (option/stock
symbol: FQP/AFCX), Richmond County Financial Corporation (option/stock symbol:
RQ/RCBK), and Party City Corporation (option/stock symbol: TYQ/PCTY), upon the
opening of business on Monday, June 1, 1998.  The Philadelphia Stock Exchange
will begin trading put and call options on The First American Financial
Corporation (option/stock symbol: FAF) and St. Joe Corporation (option/stock
symbol: SJP) upon the opening of business on Wednesday, June 3, 1998. 
The following table lists the stocks, symbols, position limits, auto-x
(AUTOM), and specialist unit for each new issue: 


                                       POSITION
    STOCK                               LIMITS   AUTO-X  SPECIALIST
    Cash America Intern., Inc. (PWN)     4,500   20-up   Susquehanna Inv.
    MarketSpan Corporation (MN)          4,500   20-up   TFM Inv. Grp.
    AFC Cable Systems, Inc. (FQP/AFCX)   4,500   20-up   Professional Edge
    Richmond Cnty. Fin. Corp. (RQ/RCBK) 10,500   25-up   GPZ Trading
    Party City Corp. (TYQ/PCTY)          4,500   20-up   TFM Inv. Grp.
    The First American Fin. Corp. (FAF)  4,500   25-up   Apex Inv. Grp.
    St. Joe Corp. (SJP)                  7,500   20-up   Market St. Securities


Options on Cash America International, Inc., Richmond County Financial
Corporation, and The First American Financial Corporation will trade on the
January expiration cycle with initial expiration months of June, July,
October, and January.  Opening strike prices for Cash America International,
Inc. will be 12-1/2, 15, and 17-1/2.  Opening strike prices for Richmond
County Financial Corporation will be 15, 17-1/2, and 20.  Opening strike
prices for The First American Financial Corporation will be 65, 70, and 75.
Options on MarketSpan Corporation will trade on the February expiration cycle
with initial expiration months of June, July, October, and January. 
Opening strike prices for MarketSpan Corporation will be 25, 30, and 35.
Options on AFC Cable Systems, Inc., Party City Corporation, and St. Joe
Corporation will trade on the March expiration cycle with initial expiration
months of June, July, September, and December.  Opening strike prices for AFC
Cable Systems, Inc. will be 30, 35, and 40.  Opening strike prices for Party
City Corporation will be 25, 30, and 35.  Opening strike prices for St. Joe
Corporation will be 25, 30, and 35. 
The PHLX is the oldest securities exchange in the U.S. and the nation's
fastest growing sectors index options exchange.  Founded in 1790, PHLX is a
market leader in the trading of over 2800 stocks, 790 equity options, 13
sectors index options, and 100 currency pairs. 
http://www.phlx.com
 

SOURCE  Philadelphia Stock Exchange 


    -0-                             05/29/98
    /CONTACT:  Lynda Caravello of the PHLX, 215-496-5200, e-mail, pr@phlx.com/
    /Web site:  http://www.phlx.com/
    (PWN MN AFCX RCBK PCTY FAF SJP)

CO:  Philadelphia Stock Exchange
ST:  Pennsylvania
IN:  FIN
SU:



-0- (PRN) May/29/98   14:53
EOS   (PRN)    May/29/98    14:53      **
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