Institutions seek to avoid risk in stock market plays
AP analyzes how mutual funds pension funds and banks pursue risk reduction by limiting equity exposure and chasing averages. The piece argues fiduciaries should strategically pick winners rather than diversify to all stocks while noting risk stocks from smaller companies attract individual investors.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Institutional Investors
Mutual
New York Stock Exchange
NYSE 2 P.M. Quotations Bulls Turn Mixed
Dow Jones industrials at 851.44 off 5.63 as transport and utilities fall while many NYSE issues trade with losses. The AP tally shows broad price moves across major stocks with traders watching late national quotes and notable price shifts in numerous issues.
New York Stock Exchange Prices Reported by AP
Selected late national prices for NYSE issues show varied gains and losses. Several prominent names such as Westinghouse and International Paper display modest changes, while smaller listings register mixed movements amid market activity.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Commodity Closings From London And Chicago Markets
Today's closing quotations show London and Chicago markets with gains across grains and metals. Notable quotes include Dec gold at 148.30 up 0.50, Dec coffee 182.00 up 0.04, Dec cocoa 180.75 up 0.06, and Dec silver 451.30 up 2.8. Copper at 55.60 down 0.20, wheat 2.45 ½ up 0.02, corn 2.03 up 0.02, soybeans 5.084 up 0.04, and Dec soybean meal 136.70 up 0.40. Live cattle 39.12 unchanged, live hogs 37.60 down 0.40, and pork bellies 49.25 up 0.67 while cotton sits at 52.50 down 0.06. Market not closed.
MENTIONED IN THIS ARTICLE
Aeinall
Arizona
Hnamair
Byr
AmCan
Andyh
Archro
Ames
Asarco «680
Asnidd
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Bosal
Borden
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BuddCo
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SIA
Ctyiw
Cocabl
Cocalo
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DataGen
Dayco
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TIM
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NoSim
Pfizer
Or Phelps
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Phils
PhilPet
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Ie MW Rancom
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Erty
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2BA
Texaco
Unkiec
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Waepw
Wachow
Waltdm
Ye WrnCom
Waaill
The
Associated Press
Lind Waldock and Co
London
Arizona Stocks Market Wrap From Scottsdale Merrill Lynch Desk
Arizona stocks list price quotes from the Scottsdale Merrill Lynch office show various firms such as APS Valley National Bank and Southwest Gas with quoted high and last prices. The page displays bid and ask ranges and percent changes for several entries, including Anheuser Busch and Gen Semi, reflecting local market activity.
MENTIONED IN THIS ARTICLE
Ariz. Bank Wa
Corp
Valley
Anheuser Busch
Southwest Gas Wis
Inventors Lose Out to Quick Back Artists
FTC probes a $100 million-a-year industry of invention-promotion firms as lawsuits target DMI in San Diego and SEC charges target Peska Associates. The cases allege promotions charged amateur inventors fees for ineffectual services with little to no profit and minimal royalties.
MENTIONED IN THIS ARTICLE
Federal Trade Commission
FTC
San Diego
Calif
Securities and Exchange Commission
Lawrence Peska
SEC
United States
Canada
Peska
Better Business Bureau
Market Drops Again as Dow Falls Beneath 19-Month Low
New York stocks declined broadly as fears of tighter credit sharpened. The Dow Jones industrial average stood at 851.44, down 5.63, with more losers than gainers on the NYSE and light volume around 12.85 million shares. The slide followed a $3 billion rise in the money supply reported by the Fed.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
New York Stock Exchange
Federal Reserve
CofC Sets Orientation Breakfast
Scottsdale Chamber of Commerce hosts an orientation breakfast for members at the Doubletree Inn on Scottsdale Mall. The continental breakfast begins at 8 a.m. in the Banyon Room as programs and activities are outlined.
MENTIONED IN THIS ARTICLE
Cofc
Scottsdale Chamber of Commerce
Doubletree Inn
Scottsdale Mall
Banyon Room
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Business Mirror
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AllegAir
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Scottsdale
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Patagonia
Leslie Bovee
Sinclair
Film Times
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Eric Evol
Gene Clayton
Wroouens
Susan Hart
Wat al
Scottsdale ( Az
Daily Progress
Mon
Tio
Denise A. Carabet
Copley News Service
Saguaro High School
Scottsdale Community College
WHEN
Richard E. Anderson
R. Allen Leider
Sir Magazine
Elite Magazine
Weeton
SunBurst Hotel
Scottsdale Road
SIP
Telephone Home Lines
Samilton Newton, Inc
Ax-Free Bonds ’ Ve Center
North Central Avenue
Phoenia
Milton Newton
Petersburg
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