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Show ui ih .rtuMryi'ij -- i grr - - y- ir B"ijip''itii'H 'Best and ' Worst Companies Now Listed 5 5 By Robert Reno Newsday Writer The award for the best performance by an industrial company in the years l2-7goes to Skyline Corp. That is, if they gave awards for the companies who do best by their stockholders. would be Baxter Laboratories, not exactly a household word either. If they gave booby prizes for the same decade, some of the names would be better known. Heading that list, as the company with the most rotten record of ret unis to its stockhold-eis- . is Lockheed Aircraft. the And runner-u- But what is most surprising abuut or is it shocking? the list is that nearly every one of the worst performers w as a stock being touted highly by many brokers 10 years ago. What it means is that, if uu had taken the advice of those brokers, you would have bombed out. dends or by how much they went up in price. The combined return reflects both factors in a single percentage. It tells you how much richer you are for having bought a stock, whether as the result of dividend income or because the price w ent up. The awards are made possible this year because the people who compile the Fortune 500 have added a new column to their annual directory of the 500 largest industrial corporations in America. The column lists a companys average combined annual return including price appreciation and dividend yield for the years from 1902 to 1972. Best Ray? Although the combined return is becoming increasingly recognized as the best way to judge performance, until this year there has been no single available reference readily source for comparing the combined return either for a single year or for a decade of all major stocks. That tells you tnat, if you were buying stocks in 1962 and planned to hold them exactly 10 years, Skvline, a mobile-hom- manufacturer, e would have been the best buy and Lockheed the worst. Unfortunately, that is not an investment tool because some of the best performers, like Skyline, have been doing poorly in recent months, while some of the turkeys have bottomed out. Since not all companies listed in the Fortune 500 were public in 1962, 48 of them did not get a rating. But of the 452 that did, Lockheed held the cellar witn no challenge, having given its stockholders an average return of minus 11.03 percent. Stocks have been traditionally judged by how regularly and generously they paid divi- - What all but three of the 20 worst stocks have in comm,?!, says Montgomery Gordon of the Dreyfus Corp., is that they could have been considered glamour stocks in 1962. That goes for Lockheed as well as the next worst stock, Ampex. with a combined average return of minus 9.25 percent. The next worst was Litton Industries, grandfather of the conglomerates, which was one of the hottest things going in 1962 and which is still the 35th largest industrial company in the U.S. If you had believed those Litton tips in 1962, you would have ended up with an average combined return of minus 6.55 percent. Salt alc ertbunp Business 1973 Tuesday Morning, May 29, Section U G Page FTC Order - Joan Mrs. Z. Bernstein, act USDA Records Deficits in Sugar Quotas r m WASHINGTON - The (AP) has Agriculture Department announced a series of deficits totaling 148,380 Ions in the amount of sugar to be supplied the United States under quota allocations for the year. The deficits, assigned to other included: countries, Puerto Rico, 20,000; West Indies, 100,232; Panama, 15,889; and Honduras, 12,259. the department were said, slight changes made . in other quotas of countries which had the effect of reducing shares for some. The adjustments were made to reflect a recent increase of 75.000 tons for Hawaii. Further, e, in the United States annually Mrs. million, Gordon proved during the decade that bigness is not everything. Of these giants, IBM did the best with a combined average return of 16.07 percent. U.S. Steel did the worst, returning 1.78 percent. It could be argued that, during the decade, Xerox was the most successful company, if In Early May New York Times Service DETROIT United States auto companies reported record sales of 283, 94n domestic cars in the May period, up 11.9 percent from the 254.010 units sold in the same period last year. The daily selling rate of 31,550 units topped the previous record of 28,578 set in May 1968, and the 28,222 rate reported last May. (Copyright) May 5. Mr. Bolinder said sales in western states totaled chain the supermarket e dunng the quarter. That compared $190,064,188 eco-nomi-c with $146,997,391 in the compa- rable quarter for 1972. Earnings for the quarter amounted to $2,152,535 or 34 cents per share compared to $1,495,145 or 24 cents per share Full Maintenance? 40,000 Mile Warranty 'WG0DH0USE Immediate Delivery? Prompt Service? law Payments? All Makes? Coll Steve Argyle lease Mgr. It will be operated at various U.S. locations over a 12 to 18 month period, the commission said. BOUNTIFUL MOTOR SALES, INC. No charge can be made fun any individual or cable systems for viewing or using ma- 2773 So. Main Bountiful, Utah 295-552- 1 terial transmitted. Think of it e Whenooly,cali9wilkdo money. that most believes that she did not use a deoderant. 1 use heavy French perfume ineead, she said. 7 ra n rarr"rXJg WASHERS & DRYERS CHALLENGER Dodge Sporty Car FURNISHED FOR APARTMENTS. $3,111 TRAILER delivered PARKS, MOTELS, INSTITUTIONS HUEYS G'oui Commiuioni DIAL 484-244- Mid-We- COIN Clark-l.eamin- g METER 1000 WASHER DOOGE n 4 SOUTH MAIN PH. SERVICE 359-765- 5 1450 South West Temple Guaranteed fair fnce bokhs Bowers Best Buy For Home or Office Quality at a !Iw:msboks Steel and Westinghouse Car Sale Mark The Federal Communications Commission said that Bernard Strassberg, chief of the FFCs Common Carrier for Bureau, gave the the station to be used for experimental and demonstration purposes. The station will be used first in a demonstration of communications satellite technology and capabilities at the National Cable Television Associations convention in Anaheim next month. quarter ending April 16. Bolinder said the sales gains made it possible to achieve the substantia! increase m reported earnings within the guidelines of the nations stabilization program. - news- COIN OPERATED Richard L. Peterson, Salt Lake City, has been appointed lurmture manager and coordinator of design for Pembrokes. A native Utahn, he is a graduate of the New York School of Design, and formerwith Paul ly was associated McCobb Associates, Olfice Supply Co. and Designs for Business. Conspicuously absent from the list of exceptional performers are the supergiants of American industry, those with annual sales of more than $5 General billion. Motors, Exxon, Ford. G.E., Chrysler, IBM. Mobil Oil, Texaco, ITT, Western Electric, Gulf Oil, Standard of California, U.S. y a year ago. The company will distribute a 10 percent dividend Friday to shareholders of record as of is who Bernstein, directing the probe, told men under questioning Two obvious stocks that everybody was picking and that made it to the top 20 were Xerox and Johnson & Johnson. n The total of sales of deodorants and antiperspirants sold $460 Xerox, which ranks sales, ranked 12th in performance with a combined average return of 31.12 percent. Phillip Moms, ranked 98th in sales, was 14th in performance with a return of 29.34 percent. 40th m -TWASHINGTON (AP) Corp. has been granted temporary authority to construct, own and operate a transportable receive-onlcommunications satellite earth station at Anaheim, Calif. elePrompTer Robert D. BOISE (UPI) Bolinder, president of Albertson s Inc., Boise, has announced a 29 percent increase in sales and a 44 percent increase in earnings for the h Fewer Surprises The list of the 20 best performers contains fewer surprises, even if the champ. Skyline, is not one of the better-knowcorporate names in America. The chances are, analysts say, that your broker would not have recommended Skyline in 1962 and you would have missed its average combined return of 53.9 percent. But Baxter Laboratories, with a average annual return of 34.7, was being recommended. The next three, however, White Consolidated Industries, Burroughs, and Clark Oil and Refining, generally were not. N., is approximately the FTC said. Wheeling-Pittsburg- Penn-Dixi- SPeED QUEEN (Jain New Billet Your Brass, e Nort-hval- Industries. Firm Gains Albertsons Lists Increase Approval In Quarter Income, Sales On Satellite Steel and Reynolds Metals. Of the 20 worst stocks, GorCedon says, only ment, American Motors and Rath Packing were not generas ally being recommended buys in 1962. Another loser, Kaiser Aluminum & Chemical, may not have been fully glamorous in 1962, but there was some strong speculative interest in it. ing director of the Bureau of Consumer Protection, said the order for the first time will require the manufacturers to document their claims in plain language that can easily be understood by the public. The firms have 60 days to reply. The eight firms and their products are the Gillette Co., Boston, Right Guard, Soft & Dri; Inc., New York City, Arid Extra Co., New Dry; Bristol-Myer- s York City, Ban, Dry System; Procter & Gamble Co., Cincinnati, Secret; Mitchum-ThayeMitchum; Ruckahoe, Sterling Drug Inc., Mottvale, N.J., Body All; Loen Products Inc., Jacksonville, Fla., Certain Dri; Mem Co., Inc., N.J., English Leather Plus. Carter-Wallac- bigness is a handicap. Among the 100 largest industrial concerns. Xerox and Phillip Morns were the only ones to make the list. mv if Some of the other losers were Libby, McNeill Libby, Scott Paper, Revere Copper & 8 Deodorant Firms Must Back Claims WASHINGTON The (AP) Federal Trade Commission has ordered eight deodorant and antiperspirant manufacturers to substantiate their advertising claims. in 1962 might have missed several others on the best performing list, including Williams Companies. 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