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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                    Under the Securities Exchange Act of 1934

                                (Amendment No. )*

                          CHRIS-CRAFT INDUSTRIES, INC.
                                (Name of Issuer)

                       Prior Preferred Stock, No Par Value
                         (Title of Class of Securities)

                                    170520209
                                 (CUSIP Number)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on 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).

CUSIP No.   170520209

1  NAMES OF REPORTING PERSONS
   S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
   Laifer Capital Management, Inc.

2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)   (a) / /
                                                                         (b) / /

3  SEC USE ONLY

4  CITIZENSHIP OR PLACE OF ORGANIZATION
   Delaware


                          5  SOLE VOTING POWER
                             3,500
      NUMBER OF           
       SHARES             6  SHARED VOTING POWER
    BENEFICIALLY             0
      OWNED BY            
        EACH              7  SOLE DISPOSITIVE POWER
      REPORTING              3,100
       PERSON             
         WITH             8  SHARED DISPOSITIVE POWER
                             1,200

9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   4,300


10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   (See Instructions)                                                        / /

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   5.9%

12 TYPE OF REPORTING PERSON (See Instructions)
   CO, IA





Item 1.           (a)      Name of Issuer:
                           Chris-Craft Industries, Inc.

                  (b)      Address of Issuer's Principal Executive Offices or,
                           if none, Residence:
                           767 Fifth Avenue
                           New York, New York 10153

Item 2.           (a)      Name of Person Filing:
                           Laifer Capital Management, Inc.

                  (b)      Address of Principal Business Office or, if none,
                           Residence:
                           45 West 45th Street
                           New York, New York 10036

                  (c)      Citizenship:
                           Delaware

                  (d)      Title of Class of Securities:
                           Prior Preferred Stock, no par value

                  (e)      CUSIP Number:
                           170520209

Item 3.           If this statement is being filed pursuant to Rule 13d-1(b),
                  or 13d-2(b), check whether the person filing is an:

                  (a)[ ] Broker or Dealer registered under Section 15 of the Act
                  (b)[ ] Bank as defined in section 3(a)(6) of the Act 
                  (c)[ ] Insurance Company as defined in section 3(a)(19) of the
                         Act
                  (d)[ ] Investment Company registered under section 8 of the
                         Investment Company Act
                  (e)[x] Investment Adviser registered under section 203 of the
                         Investment Advisers Act of 1940
                  (f)[ ] Employee Benefit Plan, Pension Fund which is subject to
                         the provisions of the Employee Retirement Income
                         Security Act of 1974 or Endowment Fund; see
                         13d-1(b)(1)(ii)(F)
                  (g)[ ] Parent Holding Company, in accordance with
                         13d-1(b)(ii)(G) (Note: See Item 7)
                  (h)[ ] Group, in accordance with 13d-1(b)(1)(ii)(H)



Item 4.           Ownership:

                  (a)      Amount Beneficially Owned: 4,300

                  (b)      Percent of Class: 5.9%


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

                           (i)   sole power to vote or direct the vote - 3,500

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

                           (iii) sole power to dispose or direct the disposition
                                 of - 3,100

                           (iv)  shared power to dispose or direct the
                                 disposition of - 1,200

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 purpose 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.

                                             LAIFER CAPITAL MANAGEMENT, INC.

                                             BY: /s/Lance Laifer
                                                 ---------------------------
                                                 Lance Laifer
                                                 President

Dated: February 3, 1997