Mutual funds shift to cyclical stocks amid uncertain economy
Massachusetts Investors Trust the nation's oldest mutual fund with about 2.2 billion in assets says it has swung heavily into cyclical industries autos airlines chemicals papers rails and more in a deliberate eight month portfolio overhaul. Chair Hartison F. Condon Jr. notes the shift aims at long term capital growth despite inflation concerns and market jitters. The fund now holds about half its assets in cyclical stocks, with a six percent cash reserve and record long term performance to date.
MENTIONED IN THIS ARTICLE
Massachusetts Investors Trust
MIT
Hartison F. Condon ,Jr
Xerox
Lb.m
Abbot Labs
American Electric Power
Armstrong Cark
Central and Southwest Corp
Cleveland Electre
Coca-Cola
Georgia Pacific
Gulf States Utilities
Ohio Edison
Oklahoma Electric
Texas Utilities
General Motors
Ford
Alcoa
Columbia Broadcasting
Union Carbide
Weyerhaeuser
International Paper
Armea Steel
Firestone Tire
Dupont
Condon
Cindon
Jilly
Dow
Journal
Sears
Dow Jones
Arthur Lipper Corp
Wall Street trader overcomes phone phobia in big room
New York native Mary McGeough 20 rose from filing clerk to Los Angeles Mayer & Schweitzer trading operations. She conquered a fear of phones, now handles multiple calls daily in the over the counter house dealing 700 stocks. Mary plans to take the NASD exam at 21 as she continues a banking career amid crowded trading desks and intense competition.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Thas
Mary MccGeough
Man
Mary
Aday
Los Angeles
Mayer & Schweizen, Inc
Queens
N.Y
Mickey Mantle
M&s
Eli
Gible
National Association of Security Dealers
Sears Tower Tops World Tallest Building Title
The 1,450-foot Sears Tower in Chicago is slated for completion in 1974 and will use about four million pounds of aluminum in its curtain wall. This marks the latest rise in the world’s tallest buildings while Aluminum Company products shape its facade.
MENTIONED IN THIS ARTICLE
Alco Aluminum
Sears
Chicago
BQR
Pye
Wage push inflation harms unions and profits
A critical essay argues that higher wages fuel inflation by outpacing productivity gains. It claims unions extract value, transfer real purchasing power, and push firms to raise prices while government money printing worsens the cycle. It notes disproportionate impact on professors and public workers and urges recognizing profit limits and productivity.
MENTIONED IN THIS ARTICLE
Virgil Salera
Washington
Union X
Ion
Leason
Nixon
Advertising Liability Insurance and Meeting Planning Tips
A reader asks about initial capital for commodity trading with answers noting a $1000 starting balance may suffice. Other questions cover advertisers liability insurance covering libel copyright and privacy issues, plus a checklist for planning sales meetings including room setup audio visual aids handouts agenda timing and post meeting summaries.
MENTIONED IN THIS ARTICLE
BQB
Wall Street
Ovar
Bob
Joan
Box
Hayward Daily Review
West Winton Ave
Hayward
Business & Government
Alameda County
Week in business stock traders rescue market
New York stock markets recovered from a sharp midweek drop with a surprise Thursday rally lifting the Dow over 12 points. The week closed with modest gains as analysts cited oversold conditions and a cautious outlook amid inflation, unemployment, and dollar concerns. Major indices rose with mixed results and turnover varied, while Bethlehem Steel delayed a price hike from December to February.
MENTIONED IN THIS ARTICLE
New York
Muraddy
Also Mentioned on This Page
Charles A, Elia
Calif
Zalrphyin
Mary McGeough
John Hancock Center
Empire State
World Trade Center
Stock Traders Rescue Market
Howard Luxenberg
TPE Business
Wester
Alan R. Shaw
Harris, Upham & Co
Standard & Poor
Ronald Cooper
W. B. Hutton & Co
Cooper
Kennety Ward
Reynolds & Co
David
Leibowitz
Love & Co. Me
Bausch & Lamb
IBM
Corning Glass
Superior Oil
Nanimas
Getty Oil
Johnson & Johnson
Standard Il
Ohio
Western Union
Wall Stree Journal
Southern California Edison
Southern Co
Bethlehem Steel
Bethlehem
U.S. Steel
United Steal Workers
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