Investors buy more options amid risk and value says expert
LeRoy Gross of Reynolds Securities says option premiums are very attractive and buyers are piling in for high leverage and potential profits. He cites 19 million contracts on the Chicago Board Options Exchange this year and notes tax benefits. William J. Gillard of Kidder, Peabody adjusts discounts and market range with a four to seventeen percent return outlook. Merrill Lynch flags gold mining shares as inflation aids, while Drexel Burnham outlines $50,000 model portfolios across long term cyclical and income classes.
MENTIONED IN THIS ARTICLE
LeRoy Gross
National Options
Reynolds Securities
Gross
Chicago Board Options Exchange
William J. Gillard
Kidder, Peabody
New York
Gillard
Merrill Lynch
Pierce, Fenner & Smith
South Africa
East Driefontein
Kinross
Kloof
Steyn
West Driefontein
Winkelhank
Wall Street
Drexel Burnham
Heublein
Kresge
Philip Morris
Procter & Gamble
Schering- Plough
American Broadcasting
Celanese
Colgate
Dow Jones 2 p.m. Closing Quotations on NYSE
Stocks drifted as Dow Jones Industrial Average hovered around 961.77 and many leaders posted mixed changes. Levitz Furniture and Lehma Me movers show scattered gains while El Paso and Gannett among others swung with notable percentages.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Indus
Levitz Furn
duPo
Dukeft
YW Lockhd Aire
Ba Ve Saing Dug L
Va LaPacif
ACF Ind
Eaton
AMF Inc
Eehlish
LukenSt
Ve Gannett
I Ampex Corp
Bat
Apero Corp
NCEA
NatAirl
Ye ArmsiCk
Ye Narcan
Ye Narco
Dave See
Abo
Ic Geneseo Inc
BabckWil
Goodrh
Beecha
Goodyr
Gove
NEDGE
Beker
Giatipac
Neemts
Noaphi
BentiCo
Benet B
BethSd
Blockhr
Boeing A
BoiseCas
Borden
BorWar
Volin Ly
Cadence Ind
Hewlok
Gwenseng Tau
Wa Wat Panam Air
Va Cotman
Rae
Dave PenDix
Tanop
Penney
Syie
ldealBa
PaPwLt
Crioneut
Pepsico
Chrysler
Pfizer
Ciivore Bellial Aime
Aia Aise Wy
Mindstl
Phelpd
Cities$v
Interlak
Rl PhilaEl
Clarke
PhilMorr
Civelill
Yntuary Des Fae PhillPet
CloroxCo
IntMine
Pitney B
OITT
Pugspl
Pullin
Contair Lin
BurexCo
KnigtRid
Va Kraft
Beaes
LenPc
AdmsMillis
Eltrafp
M—M
Arizona
MAPCO
AllisCha
McDond
MeadCp
Ve Am Allin
WwestinBn
Ve Mgm Ir
AmCan
FisPow
Minmm
Formck
Aohasco
AMTAT
Motorola
NwstAll
Holiday
CartWall
Ve -Tv Corp
Valenval Ind
Vet Va
Emerei
Macke
Airceine
MadisFd
Ve AlcanAlu
Va Exxon
Y Marathno
AligLud
Martha
Melville
Flintkot
FdFair
MonPw
Grumm
Va Gulf Oil
Va NwtBnc
Va J Cal Finanl
A Hoernw
Owenlii
Ve CaroPw
Hoflys
CastiCk
ISM
NSM
Houshf
PacPw
Cooperin
Kimbel
Kroger
Va earSieg
E— Ve
Fedders Co
McDaid
Merck
Mobil
Am Motors
Freepm
Aono
AmStad
Gafcp
Ye MorNor
Ye Norton
HoffEleige
Pe Carrep
Omesik Ta
PacLig
U S gift tax outlook sharpens before year end moves
James J. Mitchell reports on Philip P. Martin Jr. warning that the 1976 Tax Reform Act raises gift and estate taxes, with many changes taking effect January 1. Quick gifts before year end can save families. high estates may reconsider large gifts and seek counsel for tailored strategies.
MENTIONED IN THIS ARTICLE
James J. Mitchell
Copley News Service
Philip P. Martin Jr
Trust Department of California First Bank
Martin
American Bankers Association
New York AP Stock Picks: Exchange Noon Prices List
Selected noon national prices for American Stock Exchange issues show varied gains and losses. Aegis Corp and Alleghy Airl posted modest moves while many others like CerM of and ConOil Gas displayed mixed results in trading.
MENTIONED IN THIS ARTICLE
New York
American Stock Exchange
Aegis Corp
Alleghy Airl
Amic Corp
ArminCp
Alamera
Atlascmb
Austral Ol
Banistrct
Bellind
Berg Bruns
BowVall
Bradfdn
E— Ve Brascana
Ckpet
Wila WM CMI Corp
Caressa
Circlek
Va Coachma
Falcons
Filmwy
Frontier Air
Gricp Ve DV
GlantVel
Gladding Cp
GtLkCh
Harmn
Hartzm
Hovoim
Huskyo
Hycel Inc
Instrum Sys
Nd Banknet
Interway Co
MillerWo
Mitchlee VO
Nat Paraga
Nytimes
Nolex Co
Presley Cos
Vo Ozarka
Wwe
PallCorp
Pertecomp
Va Plant Inda
a+ Ve Plant Inc
PrenHa
Terrac
Uspcp
WTC Inc
Warc Pfc
Westats Ptl
Marcie
Also Mentioned on This Page
Scottsdale (Az
New York Stock Exchange
lowaBf
Lowaps 1
Itek Corp
ItelCorp
Sw — Jewelc
dhnMan
JohnsonJjn
JonLogn
Jostens
JoyMfg
KaisrAl
Kangel
Kanplt
Katy Ind
Ralston Pu
Rapid Am
Ye Raythn
Va Texaco
ReadRat
Reichch
RepSti
Va Texsglt
Se Textron
Reynin
Thiokol
VFM
ReyMet
ThriftDa
Tia
Rockwilnt
Timeinc
Rohr Ind
TimeMir
ReyCcol
Timlin
Royld
Todd Shipyd
RyderSys
Transw
Alr
Transam
Scmcp
Ve .TriCon
Va Safeway
Ualinc
Searleg
Sears
Va Usgyps
Shellt
Va Usind
Ve Shernw
US Steel
E— Vo SlerrPac
UnTech
Signal
UniTel
Eabsae Singer Co
Upjohn
SmithKline
SonyCo
Ve Varian
Socale
Ve Vendo Co
SouthCo
Vetco
Sonres
Ye Wachova
Ee Sperry R
Warnerl
WasWat
Va Squibb
Ve SiBrand
Va WnBnc
Vo StdOiCl
Wunion
WestgEl
StOiOh
Weyerhr
Weyerhr 80 ° 25 259 46% 45% 45%— StaufCh
Stevens
StuWor
Whiting
Sunco
Whittaker
WillmsCos
Associated Press
U.S
American Exchange
Ala
Tva
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Beardsley
Life Agency
Ife Insurance Company
Mesa
Tempe
G.A
Gl. UL. Lundgren & Associates Management Consultants
Norfolk, Connecticut
Ant
Canon Farrar
Freeman
Rome
Kauz AM
Hughes-Calihan Corporation
North 16Th ST
Phoenix
Suncity
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