Investment climate seems favorable for stocks says fund chief
Donald C. Samuel, president of the Energy Fund with 170 million in assets, says mutual funds are a good answer for investors. He notes the fund outperformed Dow averages in many years, predicts a continued favorable investing climate with market swings around 980 on the Dow and a tendency toward higher levels.
MENTIONED IN THIS ARTICLE
Helen L. Call
Copley News Service
Donald C. Samuel
Samuel
Energy Fund
Dow
Energy fund targets oil service firms amid upturn
Wall Street watchers note a favorable outlook for oil service stocks as drilling activity rises. The Energy Fund holds large stakes in major service companies and in Cooper Industries which services them. Allied Chemical is cited as a play on North Sea oil with potential long term gains.
MENTIONED IN THIS ARTICLE
OPEC
Organization of Petroleum Exporting Countries
North Sea
North Slope
Santa Barbara
Gulf of Mexico
Energy Fund
Cooper Industries
Allied Chemical
Sarfluel
Samuel endorses Western coal and Kaiser Steel picks
The expert cites Samuel praising coal interests and Union Pacific as a solid investment with a future shift to natural resources. He also favors Kaiser Steel at current prices with expected earnings in coming years and notes the Energy Fund’s shift toward electric utilities. John Devereux ranks a utility group led by Allegheny Power and Florida Power and Light with a 7.3 percent yield, 8.3 P E ratio, and 60.9 percent payout.
MENTIONED IN THIS ARTICLE
Samuel
Union Pacific
Kaiser Steel
Diversified
John Devereux
Loeb Rhoades
Allegheny Power Systems
Central and Southwest Corp
Central Louisiana Electric
Florida Power and Light
Houston Light and Power
Illinois Power
Kansas Power and
Dow Jones 2 p.m. Quotations and NYSE prices
NYSE 2 p.m. quotes show Dow Jones average at 998.34 up 3.24 with sector leaders and declines across utilities, industrials, and various stocks. Market list includes AB, Aetna, Air Products, Alcoa, Alcan, Amex, Amoco, American Can, and many others with price changes and highs and lows reported.
Commodity Closings From London to Chicago Markets
Today’s closing quotations show London gold at 115.00, down 3.00 per ounce, Dec. gold at 114.90, down 7.70. Dec. copper 45.4c, Dec. cotton 73.95c, and other futures across grains, meats, eggs, and oils with losses and small gains noted. Market activity is reported by Madda Trading Company of Scottsdale as a Mercantile Exchange member.
MENTIONED IN THIS ARTICLE
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Stocks Decline Spread Across American Exchange Listings
AP report lists mixed price movements for numerous issues on the American Stock Exchange led by varied highs and lows. Several corporations such as EarthRes, Panam, and LTVCorp show notable activity while others like NorCon Oils and Juniper Pet display modest shifts in price and percentage changes.
MENTIONED IN THIS ARTICLE
New York
American Stock Exchange
Brewerc
Cachba
Certron Cp
ChampHom
Cinerama Dixilyn
EarthRes
Espey Mfg
EssexCh
Falcons
FlyDia Oil
Frontier Air
GlantVal
Aegis Corp
Alamera
Wat
Barnes Eng
Brascana
Goldfield Co
GtBasin Pet
Gilkkch
He Hormeig
Houollm
Huskyo
Fall agenda kicks off Phoenix Small Businessmen's Forum theme Use Time Don’t Lose It
The Phoenix area hosts an Executive Agenda Forum with a 7 to 8 a m Friday session at the Maricopa County Community College Operations Center. Gordon Relyea leads an ideas exchange as Maricopa Tech backs the Small Businessmen's Forum. A parallel Arizona State University seminar on personnel management runs Sept 29 to Dec 1, 6 to 8:30 p.m., 10 sessions, $165. The Drucker film series begins Sept 29 with four concept films. a December repeat runs 8 a.m. to noon with $35. A teamwork workshop, Dynamics of Teamwork, is set for Thursday and Friday at Tempe Fiesta Inn, $60 includes meals.
MENTIONED IN THIS ARTICLE
Phoenix
Small Businessmen’s Forum
Maricopa County Community College District
E. McDowell Rd
Maricopa Technical Community College
Gordon Relyea
Sun Lakes
Arizona State University Center For Executive Development
College of Business Administration
Tempe
Fiesta Inn
ASU economist sees continued Arizona economic growth this year
Dr. Harold Fearon of Arizona State University reports August indicators improved with rising new orders production and employment. prices show modest gains but overall price trend remains a concern. He notes slower deliveries rose for the eleventh straight month and inventories grew at a modest pace as recovery matures.
MENTIONED IN THIS ARTICLE
Arizona
Harold Fearon
Arizona State University
ASU
Fearon
SRP Hires Firm to Study Finances
The Salt River Project board hired outside consultant National Economic Research Associates to review electric revenue needs. NERA will assess new facilities for rising customer demand, rate design in relation to costs, and project expenses, with findings reported to the board. NERA counts FPC SEC Interior and other agencies among its clients.
MENTIONED IN THIS ARTICLE
Salt River Project Board of Directors
National Economic Research Associates
NERA
SRP
Karl F. Abel
C.M. Perkins
Perkins
Abel
Federal Power Commission
The
Securities and Exchange Commission
U.S. Department of the Interior
U.S. Bureau of Land Management
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Wall Street
New York Stock Exchange
Dow Jones
Ind
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AMF Inc
AbbiLab
AlcanAlu
AligLud
Amt&t
Ampinc
Ampex Corp
Andrh
Apeco Corp
ArchDan
Armco
ArmstCk
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AtlasCorp
Avco Corp
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Bethsti
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Benguet
Vet
Borden
Burlind
Ma BuriNo
CBS
Chasem
Chris Craft
Chrysler
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Clarke
Bee BoiseCas
BorWar
Wv Bank Ramo
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Cmprl
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Citicorp
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ContAir Lin
ContiCp
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Cowles
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Craig
Crown Cork
Curtis Wr
Deere
DeltaAir
DerEdis
DiamSh
Dillon
EastAirLin
Echlin
Enserch
FairCam
Fedders Cp
Gafcp
GamSk
Gtire
GaPacif
Gerber
Gillette
Va Global Mar
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Gould
Grumm
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Vale
Harris
Hecla M
Hercules
Va Heublin
Honywil
HowJohn
IdealBa
Impicpa
Interiak
Wa Wiat Vatercorp
Jj J — Jewel C
JanMan
JonLogn
lAlat
Jostens
JoyMig
KaisrAl
E— Kangel
Kanplt
Exxon
Fairind
Fednm
FlaPwl
N& Ernkinm
Fruehl
Va Gannett
We GenEl
GenMi
Gteleel
Genesco Inc
GettyOll
Goodyr
YelCorp
Johnsonin
Katy
Kellogg
KerrMc
KnigtRid
Koppers
Sim— Kraftco
Lehval Ind
Liftonin
Aaners MeadCorp
Packty
Philae
Polaroid
Porige
Pubichr Ind
Raytheon
LTV Corp
tearSieg
Lehmn
Vie Levitz Furn
Lockhd Aire
Loews
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LaPacit
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LukenSt
LykesCp
Macke
Macmill
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QuakOat
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Questor
RCA
Ralston Pul
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Ryder Sys
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Macy
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MGM Wo
Mobil
Vo MorNor
Vw NatCan
NatSemicn
Pneumo
PurexCo
Rapid Am
Scmcp
ResrvOil
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Squibb
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Siouoh
Texaco
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ThriftCo
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Todd Shipyd
Transwak
Transam
TriCon
Searleg
Teledn
Tennco
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ShellOil
Singer Co
Sory Ge
Ave Scareg
Iwbyu
Socale
SterDrug
Stevenj
SunCo
Systron Don
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TampEl
Tektronx
Telex Cp
USG Usi Ap BO
Us Steel
Wachova
Warnerl
WasWat
Setae WestgEl
Whittaker
WillmsCos
Associated Press
Stock In
America
American Exchange
Impola
Kalsrind
LoewThewt
Marshal
McCulo
Medenco
Medfield Cp
MichSugar
Nproc
Newpark Rs
NorCon Oils
Ragan
Shelter Res
Syntex
Terrac
Ilia
UnBrand
Usfitr
Vo Westats Ptl
WyleLab
Yee Xonies Inc
Zimmer
McDowell Mountains
Ten Paradise Valley
Contariion
Dick Turner
Pinnacle Peak RS
East Pt Iach Peck Road
Peter F. Drucker
ASU Center For Executive Development
Additon
College of Nursing
University Paver
Mesa
Apache Junction
Kgcs
Diane
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