NEWS WATCH

Penn Traffic Co., Syracuse, N.Y., continues to seek a new president to succeed John T. Dixon, who retired earlier this year, Chairman Gary D. Hirsch said. However, he gave no timetable for naming a successor. R Associates, FMI's general partner. The partnership then plans to sell up to about 260,000 shares of Fred Meyer stock on the open market early next year. The rest of its shares then would be

Penn Traffic Co., Syracuse, N.Y., continues to seek a new president to succeed John T. Dixon, who retired earlier this year, Chairman Gary D. Hirsch said. However, he gave no timetable for naming a successor.

R Associates, FMI's general partner. The partnership then plans to sell up to about 260,000 shares of Fred Meyer stock on the open market early next year. The rest of its shares then would be distributed to the partners, including about 3.65 million shares to Metropolitan Life In

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