CARPET FIRM UNIT CUTS ALLIED PRODUCTS&lt;ADP> STAKE

  A group led by GFI Nevada Inc, a
  subsidiary of General Felt Industries, a Saddlebrook, N.J.
  carpet maker, said it cut its stake in Allied Products Corp to
  169,888 shares, or 3.4 pct, from 288,652 shares, or 5.8 pct.
      In a filing with the Securities and Exchange Commission,
  GFI said it sold 114,000 Allied Products common shares on March
  3 at 42 dlrs each and donated another 4,746 shares to two
  universities.
      It said its dealings in the company's common stock were for
  investment purposes only.
  

