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Home Depot Val Vista And Warner
The New York Banal Barter appear bygone that abbreviate absorption rose by 26.6 actor shares, or 5.1 percent, in the four-week aeon concluded Feb. 15. Abbreviate absorption is the cardinal of shares awash abbreviate by investors and not yet covered.
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The Big Board said that as of the adjustment date, 547.1 actor shares were in a abbreviate position, compared with 520.5 actor on Jan. 12, the end of the antecedent advertisement period.
The latest amount compared with a abbreviate absorption of 523.7 actor shares on Feb. 15, 1989, and was agnate to six-tenths of a percent of the absolute shares listed on the Big Board as of Feb. 15 this year.
Amex Abbreviate Sales Set a Almanac Again
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The American Banal Barter additionally appear its abbreviate absorption yesterday. The Amex said abbreviate absorption rose 9.9 percent, or 5.8 actor shares, to a almanac 64.5 actor shares as of Feb. 15. It was the seventh after account acceleration to almanac levels. The adapted abbreviate absorption for the aeon concluded in mid-January was 58.7 actor shares.
A abbreviate auction is the auction of adopted stock, and it commonly represents belief that the amount of the banal will fall, aback a short-seller makes a accumulation if the banal can be bought aback at a lower price.
Some analysts altercate that a big bead in abbreviate absorption is bullish, because it apparently agency that abounding investors anticipate that the banal bazaar will rise. Conversely, they say, a ample acceleration would be bearish.
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Others, however, altercate that a ample ''overhang'' of shares awash abbreviate is absolutely a bullish sign, because those shares charge eventually be bought back. In a ascent market, short-sellers hasty to awning their positions could appropriately apply added advancement burden on prices. By this reasoning, a abatement in abbreviate absorption is bearish.
A New Aberration to the Debate
The agitation has taken on a new aberration in contempo years, as questions accept arisen over the amount of abbreviate absorption as an indicator. That change is primarily the aftereffect of short-selling by arbitragers complex in appropriate situations, including proposed or awaiting takeovers, convertible securities, rights offerings, banal splits, or distributions and tenders.
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Short-interest abstracts may be alike beneath meaningful, some bazaar experts say, if ample institutional investors use short-selling to barrier accident in their portfolios.
Seasonal variations may additionally skew the short-interest figures. For example, analysts agenda that there is generally added short-selling in December, accompanying to end-of-the-year tax strategies.
The cardinal of shares in which a abbreviate position is still captivated by investors is totaled account by anniversary barter and by the National Association of Balance Dealers.
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The afterward Big Board stocks showed changes in accessible abbreviate positions of 10,000 shares or added in the contempo period: *3*Short Absorption Security Name 2/15/90 1/12/90 A.L. Labs Class A 98,082 64,548 Abbott Lab* 393,173 640,220 Abitibi-price Inc. 35,412 20,900 ACM Govt Income 95,995 67,548 ACM Govt Opportunity 7,606 33,599 ACM Govt Sec Fund 38,527 23,964 ACM Govt Spectrum 16,460 1,954 ACM Managed Incm Fnd 11,117 22,752 Acuson Corp* 263,957 84,426 Advanced Micro Dev* 321,179 308,761 Aetna Life Casualty* 364,973 407,526 Ahmanson Hf* 503,277 250,743 Air Products Chem* 230,225 176,871 Airborne Freight Cor 44,210 19,800 Alaska Air Group 96,171 82,451 Alberto Culver Cl B 124,881 89,822 Albertson's Inc 94,570 70,235 Alcan Aluminium Ltd.* 100,397 140,743 Alco Standard Corp* 144,151 176,214 Alexander &alexander* 109,530 157,871 Allegheny Int $11.25 27,100 2 Allegheny Intl Inc* 700,504 866,672 Allegheny Ludlum 80,619 62,944 Allegheny Pwr 635,443 409,698 Allen Group Inc 40,193 60,488 Allied Prod Corp 35,357 16,576 Allied-Signal Inc* 467,507 455,320 Allst Mun Inc Opp Iin 0 10,358 Allst Mun Incm Iii 16,525 10 Allstate Mun Incm N 0 13,243 Alltel Corporation 36,090 6,256 Aluminum Co Of Amer* 349,541 473,485 AM International* 111,650 96,994 Amax Inc* 208,426 221,039 Ambase Corp 569,979 630,710 Amdura Corp* 784,940 695,890 Amdura Corp Dep Rcpt 27,200 0 Amer Brands* 1,672,876 1,729,807 Amer Elec Pwr* 619,423 987,380 Amer Express Co* 1,822,851 2,069,269 Amer Family Corp* 182,899 311,493 Amer Govt Inc Port 24,510 2,800 Amer Home Products* 835,113 798,948 Amer Medical Int'l* 226,553 205,077 Amer President Co's* 142,614 76,703 Amer Savs Bk $1.8125 66,721 55,447 Amer Stores Co 88,540 72,734 Amer Tel & Tel* 2,735,457 3,112,350 Amer Water Works 20,600 0 Amerada Hess Corp* 220,248 138,656 American Barrick* 171,124 397,461 American Century 450 10,450 American Cyanamid Co* 197,552 285,245 American Intl Group* 536,125 518,670 American Savings Bk* 860,550 641,676 Ameritech* 556,279 918,881 Ames Dept Stores* 1,710,404 1,215,100 Ametek Inc 106,759 128,270 Amev Balance Inc 3,800 14,132 Amoco Corp* 1,136,586 1,041,126 AMP Inc* 730,581 584,901 AMR Inc* 1,332,920 1,916,187 AMRE, Inc. 1,648,300 1,511,200 Anacomp,inc* 1,442,647 1,732,477 Anadarko Petroleum* 469,902 525,021 Analog Devices 78,021 111,137 Anheuser Busch Co* 292,937 376,576 AON Corp 4,969 71,087 Apache Corp 42,157 80,571 Applied Magnetics* 150,920 94,826 Archer Daniels* 477,383 529,029 ARCO Chemical Co* 186,745 166,286 Arctic Alaska Fish 191,515 55,615 Aristech Chemical* 173,409 127,199 Arkla Inc* 711,034 786,138 Armco Inc* 131,526 45,558 Armstrong World Ind* 187,129 35,775 Artra Group Inc 704,737 651,365 Arvin Ind,inc* 210,539 192,785 ASA Limited* 557,195 325,070 Asarco Inc* 106,249 160,674 Ashland Oil* 181,979 121,256 Asia Pacific Fund 77,355 5,711 Atlanta Gas Light 40,402 921 Atlantic Richfield* 671,085 616,090 Atlas Corp 7,006 32,718 Augat, Inc 40 13,549 Austria Fund 108,352 81,159 Automatic Data Proc* 378,728 276,947 Avnet Inc* 115,339 163,329 Avon Products* 817,952 931,327 Baker Hughes $3.50 61,636 31,709 Baker Hughes Inc* 981,936 835,625 Ball Corp* 153,327 46,273 Bally Mfg Corp* 2,240,621 1,669,675 Balt Gas El 1,252,830 921,455 Baltimore Bancorp* 357,995 36,000 Banc One Corp* 358,131 304,190 Bancflorida Fin* 127,700 64,942 Banco Bilbao (adr) 6,589 127,508 Banctexas Group Inc. 2,218 25,831 Bank Of Boston Corp* 4,320,460 2,496,597 Bank Of New England 7,812,551 2,580,582 Bank Of New York* 653,197 477,279 Bank Tr Ny* 468,844 298,551 BankAmerica Corp* 2,496,334 2,198,806 Banner Ind Inc* 456,035 306,094 Barclays Bank Adr A 60,228 43,164 Barnett Banks Inc* 2,868,246 972,761 Baroid Corp 2,200 38,002 Battle Mtn Gold* 208,857 413,274 Bausch & Lomb Inc* 100,401 63,632 Baxter International* 4,142,863 3,558,466 Bay Financial Corp 93,459 131,573 BCE Inc 22,128 44,403 Bear Stearns Co* 1,131,604 1,403,797 Beazer Plc (adr) 165,201 21,301 Becton Dickinson Co 75,595 109,384 Bell Atlantic Corp* 513,771 649,750 BellSouth Corp* 1,484,738 954,693 Bemis Co Inc 203,986 72,161 Beneficial Corp 48,615 61,283 Benetton Group (adr) 54,700 7,555 Bernard Chaus 10,228 23,613 Bethlehem Steel Corp* 980,860 993,667 Beverly Enterprises* 147,603 158,823 Biocraft Labs Inc 232,700 480,617 Birmingham Steel Co 2,819 26,333 Bkamer Crp Spl Srpfd 39,286 27,535 Black & Decker Corp* 1,046,385 353,910 Blackstone Incm Trst 27,425 14,850 Blockbuster Enter* 3,865,576 3,720,006 Blue Arrow Plc (adr) 98,584 111,560 Blue Chip Amount Fund 43,400 18,758 Boeing Company* 1,267,450 930,742 Boise Cascade Corp* 732,649 624,270 Bolt Beranek Newman* 118,450 108,052 Borden Chem (rcpts)* 261,383 81,736 Borden Inc* 262,772 158,685 Bost Ed Co 296,326 210,326 Bowater Inc 41,301 107,470 Briggs & Stratton 753,613 1,127,334 Bristol-Myers Squibb* 2,553,842 2,831,050 British Airways(adr) 65,033 270,400 British Petrol (adr)* 205,517 247,619 British Petrol Wts 25,894 12,421 British Tel(fin Adr) 3,963 202,589 Broad Inc. 35,425 1,821 Brooklyn Union Gas 54,694 30,384 Brown Group,inc 45,681 34,678 Browning Ferris Ind* 596,781 206,085 BRT Realty Trust 60,627 29,522 Brunswick Corp* 1,038,093 563,803 Brush Wellman Inc 103,150 56,029 Burlington Northern* 398,050 552,414 Burlington Resources 163,732 121,273 Businessland Inc.* 314,977 79,167 C.R. Bard Inc.* 496,297 423,603 Cable Wireless Adr 626,597 961,681 Cabletron Systems 36,732 23,002 Cabot Corp 14,826 4,230 Cabot Oil & Gas Cl A 221,700 0 Caesars World* 184,109 457,208 Calfed Inc* 171,373 97,378 Calmat Company 40,836 2 Campbell Soup Co* 202,208 262,800 Canadian Pacific Ltd 43,771 66,723 Basic Captivation Co 29,986 60,429 Carolina Freight Cp 20,204 33,868 Carolina Pwr & Light* 777,644 743,951 Carter Hawley Hale* 975,385 895,547 Castle & Cooke, Inc 26,892 50,838 Caterpillar* 356,360 249,188 CBI Ind Inc 86,800 100,774 Centel Corp* 308,484 0 Centerior Ener Corp 91,652 2,173,136 Centex Corp 21,488 9,756 Champ Int Corp* 574,352 744,234 Charles Schwab Corp 150,029 80,929 Chart House Enter 14,011 0 Charter Company 10,897 25,610 Chase Manhattan Corp* 1,572,470 532,289 Chemical Banking* 596,580 491,675 Chemical Bkng Cl B 76,933 50,996 Chemical Waste Mgt* 5,137,782 6,563,877 Chesapeake Corp 2,708 18,638 Chevron Corp* 1,054,155 944,244 Chile Fund Inc 7,325 32,593 Chili's, Inc. 543,000 423,714 Chock Full O'Nuts* 998,994 1,225,089 Chris-Craft Ind Inc* 480,167 536,807 Chrysler Corp* 627,878 664,477 Cigna Corp* 150,864 344,023 Cigna High Incme Shs 25,534 12,145 Cincinnati Milacron* 349,438 316,871 Cineplex Odeon Corp* 5,397,029 5,637,466 Cinn Gas Elec Co 1,948,828 1,495,806 Circle K Corp* 4,874,377 4,633,442 Circuit City Stores* 1,162,611 793,662 Circus Circus Ent* 180,822 221,960 Citicorp* 1,692,732 1,312,075 Citicorp Adj Rate Pd 12,800 0 Citizens & Southern 7,788 43,227 Claires Stores Inc* 133,388 66,339 Clark Equipment Co 45,218 12,334 Clayton Homes Inc* 276,784 298,853 Clorox Co* 150,349 115,853 CML Group, Inc. 60,207 77,000 CMS Energy Corp 156,905 70,524 CNA Financial Corp 72,651 59,909 Coachmen Ind, Inc 557,675 574,506 Coast Savings Fin* 127,930 62,654 Coastal Corp 55,481 14,662 Coca Cola Co* 2,008,184 2,337,448 Coca-Cola Enter* 418,000 573,927 Colgate-Palmolive Co* 311,710 234,952 Colonial High Income 71,259 16,513 Columbia Gas System* 283,138 235,909 Columbia Sav & Loan* 811,233 741,841 Comdisco Inc* 144,811 101,610 Comm Satellite 58,523 41,961 Commodore Intl* 391,070 325,168 Community Psychr* 204,881 80,587 Commwlth Mtge Of Amr 218,850 310,679 Compaq Computer Corp* 3,069,927 2,549,966 Comprehensive Care 4,933 20,095 Computer Assoc Intl* 1,792,600 2,140,904 Computer Factory Inc 51,081 21,702 Comstock Ptnrs Strat 26,235 12,435 Conagra Inc* 1,091,529 1,076,489 Consolidated Ed* 1,833,746 1,868,118 Consolidated Freight* 950,738 481,574 Consolidated Nat Gas* 256,853 192,064 Consolidated Rail 92,331 186,429 Consolidated Stores 188,637 225,990 Contel Corp* 256,451 403,046 Continental Corp* 246,552 263,960 Control Data Corp* 192,800 249,801 Conv Hldgs (capital) 11,600 0 Convex Computer Corp* 182,497 260,775 Cooper Companies* 2,214,416 2,818,286 Cooper Ind $8.00 Pfd 57,513 38,425 Cooper Ind Inc* 1,131,374 834,245 Cooper Tire & Rubber 71,049 3,976 Copperweld Corp* 334,450 396,950 Corning Inc* 850,912 840,572 CPC Intl Inc 96,895 247,132 Cray Research Inc* 606,189 541,897 Cri Ins Mtge Assoc 17,823 77,562 Cri Liquidating Reit 17,947 100 Crossland Savings* 708,000 471,040 Crown Cork & Seal Co* 107,030 46,119 CSX Corp* 247,852 484,387 Ctl & South West 672,463 621,530 Ctl Hudson G/e 244,737 65,838 Ctl Ill Pub Svc Co 1,218,607 1,039,119 Ctl Maine Pwr 62,401 2 CUC Int'l Inc* 2,584,736 2,284,306 Cummins Engine Co* 1,142,492 1,107,572 Cwealth Energy Sys 51,324 62,349 Cyclops Indust 21,567 462 Cypress Semiconductr 91,231 15,541 Cyprus Minerals Co* 834,728 1,476,887 Dana Corp* 822,881 774,810 Danaher Corp 376,200 241,531 Daniel Ind Inc 21,379 3,205 Data Design Lab's* 272,228 314,506 Datapoint Corp* 168,382 89,925 Dayton-Hudson* 202,469 132,864 De Soto Inc 66,469 130,550 Dean Foods Co 23,388 10,630 Deere & Co* 368,599 250,272 Del Webb Corp 592,375 642,375 Delmarva Pwr & Lt 1,318,417 1,241,874 Delta Air Lines Inc* 1,965,675 1,864,381 Deluxe Corp 62,576 103,095 Dennison Manufg 13,169 1,519 Detroit Ed Co* 560,525 885,212 Di Giorgio Corp 14,475 2,359 Diagnostic Products 35,400 2,125 Diamond Shamrock* 383,647 432,927 Diebold Inc 67,700 17,900 Digital Comm Assoc* 136,500 87,200 Digital Equipment* 910,125 1,501,537 Dillard Dep't Cl A 115,074 99,389 Dime Savings Bank 652,373 426,330 Dixons Group (adr)* 143,806 0 Dominion Resources* 153,167 241,660 Donnelley R R Sons 86,284 145,998 Dover Corp* 217,897 143,972 Dow Chemical Co* 1,075,728 1,328,969 Dow Jones Co Inc* 1,169,753 937,287 DPL Inc 146,403 40,209 DQE Inc. 243,342 268,048 Dravo Corp* 546,222 532,335 Dresser Inds Inc 78,031 50,327 Dreyfus Corp* 199,951 227,700 Dreyfus Strat Govt 1,561 14,773 Dreyfus Strat Municp 151,800 194,038 Duff & Phelps 319,516 337,239 Duke Pwr Co* 1,704,112 763,668 Dun & Bradstreet* 647,818 420,647 Dupont De Nemours* 2,608,935 0 Dynamics Corp Amer 11,179 805 Eagle-Picher Ind 231,122 24,300 Eastern Util 67,062 116,288 Eastman Kodak Co* 952,469 987,728 Eaton Corp* 230,767 302,417 Echlin, Inc* 347,990 269,732 Ecolab Inc* 169,650 132,478 Ed Brothers Stores 41,327 0 EDO Corp* 282,900 373,894 EG&G Inc. 49,534 31,020 Emerson Electric Co* 465,129 550,596 Empresa Nac El (adr) 901 38,317 Energen Corp N 0 13,473 Engelhard Corp* 264,186 236,397 Enron* 1,049,243 1,068,096 Enserch Corp* 240,358 296,169 Entergy Corp* 621,970 686,471 Environmental System* 231,182 216,867 Equifax Inc 100,300 63,609 Equitable Resources 47,291 136,334 Esselte Business Inc 300 13,900 Ethyl Corp* 151,506 226,806 Exxon Corp* 4,992,713 6,048,815 Fairfield Comm.inc. 82,130 53,427 Family Dollar Stores 274,750 237,952 Far West Financial 208,100 108,100 Farah Inc. 134,531 103,698 Fed Express Corp* 684,628 699,081 Fed Home Loan Mtg Cm* 371,108 299,753 Fed National Mtge* 1,095,679 1,202,388 Fed Paper Board* 201,403 186,741 Federal Nat Mtge Wts* 1,188,274 1,165,893 Ferro Corp* 256,290 179,024 Fiat (ordinary Adr) 3,755 310,700 Finan Cp Santabarbra* 123,518 271,357 First Bank Syt Inc 986,518 204,314 First Bnk Sys 10.50 48,663 0 First Boston Income 42,936 11,674 First Brands Corp 19,656 816 First Basic Hold* 514,481 276,911 First Chicago Corp* 138,059 191,860 First City Bancrp Tx* 182,452 256,660 First Fidelity Banco* 1,505,850 801,706 First Fin Management* 1,008,978 0 First Inter Adj Rt B 94,710 58,610 First Intst Bancorp* 455,789 853,859 First Mississippi 62,852 47,205 First Union Corp* 377,742 430,549 First Union Pr* 198,875 0 First Virg Banks 39,224 8,655 First Wachovia Corp 53,212 34,575 Firstar Corp 17,074 2,914 Fischbach Corp* 309,922 298,561 Fleet/Norstar Fin. 1,328,806 900,279 Fleetwood Enter* 113,741 89,580 Fleming Companies 30,499 11,287 Flightsafety Int'l 85,072 112,043 Florida Progress 1,358,723 1,281,204 Flowers Ind,inc* 898,553 968,477 Fluor Corp* 541,501 563,171 FMC Gold Company 292,108 157,401 Ford Motor Co* 1,186,379 1,266,266 Foster Wheeler* 528,753 325,951 Foxboro Co., The 36,300 6,800 Franklin Prin Matur 17,646 44,808 Franklin Resources 49,668 0 Freeport-McMoran Inc* 4,680,422 4,921,948 Freeport-McMoran Res 74,626 16,080 Fund Amer Co's* 153,997 80,879 Fuqua Ind Inc* 142,490 25,162 GTE Corp* 735,368 753,961 Gabelli Equity Trust 19,646 112,836 Gannett Co Inc* 163,046 236,050 Gap Inc.* 488,215 376,263 Gatx Corp 12,633 1,322 Gatx Corp $3.875 Cum 5,897 50,392 Gencorp Inc* 192,561 63,614 Genentech, Inc.* 1,265,347 3,013,042 General Amer Inv 597 12,823 General Cinema 37,870 19,499 General Dev Corp* 1,065,873 908,323 General Electric Co* 2,499,778 3,133,996 General Host Corp 78,461 32,325 General Instrument* 458,962 317,249 General Mills, Inc* 158,585 65,150 General Motors Corp* 2,854,761 3,101,410 General Pub Util 1,520,025 1,458,204 General Re Corp* 370,754 232,134 General Signal Corp 77,747 35,327 Genrad Inc* 134,295 111,175 Genuine Parts Co* 225,157 275,546 Georgia Gulf Corp* 449,509 185,843 Georgia-Pacific 78,656 137,070 Gerber Products Co* 176,567 98,614 Germany Fund, Inc. 761,558 288,797 Getty Petroleum Corp 23,505 40,336 Giant Industries 1,151 15,101 Gillette Co* 690,924 409,783 Glaxo Holdings (adr)* 1,024,650 305,783 Glenfed* 301,902 110,645 Global Gov't Fund 28,852 13,700 Global Income Plus F 4,823 27,170 Global Marine* 740,958 580,572 Global Marine (wts) 68,947 58,685 Global Yield Fund 93,286 77,227 GM Class E Comm 60,773 41,054 GM Class H Comm* 736,239 722,794 Golden Nugget Inc* 1,322,212 894,803 Golden Valley Micro* 1,555,087 1,476,430 Golden West Fincorp* 319,981 490,592 Goldome 1,085,196 866,733 Goodrich BF Co* 408,224 397,612 Goodyear Tire Rubber* 556,738 584,155 Grace (wr) Co.* 485,389 762,668 Great American Bank 2,105,504 1,505,242 Great Atl & Pacific* 170,173 73,961 Great Lakes Chemical 264,865 234,543 Great Western Fin* 647,057 816,169 Green Tree Accept 943,008 334,131 Greyhound Corp* 265,239 330,343 Grow Group, Inc* 1,072,480 1,098,202 Grumman Corp 48,754 91,600 Gulf Sts Util 330,151 8,711 H&R Block Inc 85,031 140,642 Hadson Corp* 1,796,036 1,629,700 Hall Frank B & Co 4,967 16,875 Halliburton Co* 1,007,933 800,627 Handleman Co 118,622 87,397 Hanson Plc (adr)* 464,340 541,700 Hanson Plc (wts) 91,827 59,800 Harcourt Brace* 2,560,031 3,997,094 Harcourt Brace 12% 49,813 318,963 Harman Intl 28,400 16,268 Harnischfeger Indust* 196,466 127,469 Harsco Corp 19,425 71,715 Hartmarx Corp 240,932 98,947 Health Care Property 251 66,372 Healthsouth Rehab* 774,736 841,525 Hecla Mining Co* 972,400 926,657 Heinz H J Co* 1,640,659 1,892,273 Helmerich And Payne* 120,224 67,219 Hercules Inc* 662,996 485,193 Hershey Foods Corp* 131,363 240,956 Hewlett-Packard Co* 1,708,073 1,243,416 Hexcel Corp 97,231 84,042 High Income Adv Ii 1,238 13,136 High Yield Plus Fund 82,445 47,945 Hills Department Str 23,600 34,223 Hilton Hotels Corp* 281,074 187,805 Home Depot Inc* 1,503,356 1,205,371 Home Insur $2.95 Pfd 331,878 235,309 Home Owners Sav Bank 1,090,807 1,124,523 Homefed Corp (hldg)* 478,151 209,665 Homestake Mining Co* 994,205 788,875 Homestead Financial 2,000 48,305 Honeywell Inc* 155,181 207,470 Hong Kong Tele (adr) 517,476 99,586 Houghton Mifflin Co 73,106 103,343 Household Intl* 119,544 166,680 Houston Ind, Inc* 1,325,996 1,256,999 Huffy Corp* 142,563 487,041 Humana Inc* 1,290,301 1,580,899 Hyperion Absolute Rtn N 0 19,501 IBP Inc. 55,300 4,521 Idaho Pwr Co 309,493 448,938 Ideal Basic Indust 1,767,396 1,820,188 Ill Tool Works Inc* 226,199 161,837 Imc Fertilizer Group* 416,858 349,079 Imperial Chem (adr) 17,455 284,075 Imperial Corp Amer 426,619 458,300 Inco Limited* 365,618 355,181 Ingersoll Rand Co* 233,441 188,439 Inland Steel Ind* 178,686 52,458 Inspiration Resr.* 4,621,584 4,756,638 Integrated $4.25 Pfd 8,600 21,075 Integrated Resources* 925,247 949,681 Intelogic Trace Inc 440,000 462,129 Interco Inc 75,753 35,164 Interlake Corp 32,422 10,404 Interpub Group Of* 160,052 81,747 Intl Business Mach* 2,724,653 2,537,426 Intl Minerals & Chem* 1,037,178 934,472 Intl Paper Co* 908,074 1,226,106 Intl Rectifier Corp* 544,888 401,978 Ipalco Enterprises 474,822 453,082 Itel Corp* 590,496 721,697 ITT Corp* 553,940 605,162 J.P. Indust 40,450 71,462 Jackpot Enterprises* 370,133 383,258 James River Corp 89,081 27,411 Jamesway Corp* 102,765 77,142 Jersey Ctl P&l 8.75%n 0 15,000 Johnson & Johnson* 1,345,027 1,932,943 Johnson Controls Inc 82,154 108,315 Jorgensen Earl M 71,354 7,430 K Mart Corp* 456,759 1,206,790 Kaneb Svcs Inc. 159,177 208,220 Kansas City Pwr Lt 332,700 399,533 Kansas Gas & Elec 240,793 207,192 Kansas Pwr & Light 757,300 600,936 Kay Jewelers Inc. 2,013,435 1,340,903 Kellogg Co* 738,626 610,472 Kemper Corp 33,111 90,415 Kemper High Income 138,625 103,417 Kemper Intermediate 19,500 93,875 Kentucky Util Co 214,700 137,800 Kimberly Clark Corp* 373,512 731,515 King World Prods 51,055 66,252 Knight Ridder 72,645 35,449 Kollmorgen Corp 31,270 45,379 Korea Fund Inc 171,100 187,458 Kroger Company* 244,980 196,173 Kyocera Corp (adr) 805,167 578,492 L.A. Gear Inc. 2,272,391 1,872,706 La Quinta Mot Inn Lp 128 10,321 Lac Minerals Ltd* 1,025,243 881,998 Lamson & Sessions Co 40,300 57,365 Lands' End, Inc. 433,155 716,174 Learonal Inc 23,000 7,100 Legg Mason Inc 34,000 16,850 Leslie Fay Co 3,304 25,509 Liberty All-Star 4,096 25,404 Lilco 574,300 1,161,191 Lilly Eli Wts* 323,884 313,694 Lilly Eli And Co* 7,794,807 8,242,005 Limited Inc The* 1,192,387 1,228,268 Litton Ind, Inc 58,026 118,470 LL&E Royalty Trust 98,350 204,650 Lockheed Corp* 356,702 388,352 Loctite Corp 11,974 27,135 Loews Corp* 546,656 574,079 Lomas Financial Corp 43,900 71,125 Lomas Mtge Sec Fund 10,370 28,000 Lomas Nettleton Mtg* 165,952 141,069 Loral Corp 77,244 32,942 Louisiana Land Expln* 127,719 162,314 Louisiana-Pacific 74,340 127,409 Louisville Gas & El 331,945 448,534 LSI Logic Corp* 176,000 144,715 LTV Corp* 6,134,994 6,152,071 Lubrizol Corp, The* 107,987 154,100 Luxottica Grp (adr) 23,400 0 Lyondell Petrochem* 205,904 250,888 M A Hanna Company 88,548 69,527 M/A-Com Inc 50,784 6,164 MAI Basic Four 156,900 187,618 Manor Care Inc* 155,388 89,988 Manufacturers Han* 1,222,833 672,736 Mapco Inc 49,088 111,000 Marion Merrell Dow* 128,984 98,257 Mark IV Indust* 972,144 936,353 Marriott Corp* 2,786,487 773,725 Marsh & McLennan* 177,444 109,167 Marshall Ind 18,014 4,432 Martin Marietta Corp 42,746 66,253 Masco Corp* 718,986 363,183 Mattel Inc* 360,345 418,744 Maxus Energy* 1,649,623 1,889,223 Maytag Corp* 331,648 364,930 MBIA, Inc. 23,628 12,520 MCA Inc* 356,433 400,661 McDermott Intern'l* 758,922 163,282 McDermott Wts 54,636 9,800 McDonald's Corp* 1,958,568 1,626,258 McDonnell Douglas* 453,894 391,188 McDraw-Hill Inc* 133,013 88,124 McKesson Corp* 534,666 509,087 Mead Corp* 353,247 324,969 Medtronic Inc 77,393 27,744 Medusa Corporation 106,618 88,232 Mellon Bank Corp 77,982 93,305 Melville Corp* 272,658 168,452 Mercantile Stores Co 35,387 52,311 Merck & Company* 2,246,340 2,529,500 Mercury S&l Assoc 58,877 34,608 Meredith Corp 28,154 2,762 Merrill Lynch & Co* 773,803 843,507 Mesa LP (dep Rcpts)* 574,039 903,686 Mesa LP (pref A U's) 63,811 33,750 Mexico Fund Inc 99,070 9,800 Mfs Govt Mkts 647,675 470,156 Mfs Income/opp Trust 83,855 62,214 Mfs Inter Inc Tr 76,907 518,056 Mfs Multimkt Incm Tr 303,400 531,972 Mfs Mutimkt Tot Ret 3,919 17,815 MGM Grand, Inc. 795 27,920 MGM/UA Communication 11,300 123,602 Midway Airlines, Inc* 1,324,539 899,211 Midwest Energy Co 97,847 61,247 Millipore Corp* 302,983 335,794 Minnesota Pwr & Lt 128,322 160,980 Mitsubishi Bank Adr 5,307 16,082 MNC Financial, Inc.* 1,061,101 1,375,842 Mobil Corp* 1,464,901 1,525,221 Monarch Basic Corp 124,359 12,925 Monsanto Co* 170,955 300,602 Montana Pwr Co 1,553,732 0 Moore Corp Ltd 47,920 128,301 Morgan JP Co* 391,467 752,379 Morgan Stanley Group* 353,931 281,870 Morrison Knudsen Cp 34,200 15,431 Morton Int'l, Inc. 56,766 91,913 Motel 6, L.P. 13,229 97,952 Motorola Inc* 840,566 1,054,094 Munienhanced Fund 5,700 22,107 Murphy Oil Corp* 208,430 196,991 Mylan Labs Inc* 858,605 789,927 Nalco Chemical* 179,626 82,262 National City Corp 47,100 30,209 National Conv* 131,402 111,393 National Education* 237,560 451,556 National Semiconduct* 364,197 541,950 National Service 29,195 52,239 Nationwide Hlth Prop 20,048 6,104 Natl Intergroup Inc 72,574 45,018 Natl Medical Enter* 891,282 4,437,808 Natl Westmnstr (adr) 21,889 3,359 Navistar Internat'l* 924,003 953,788 Navistar Warrants B 83,800 102,735 NBB Bancorp (hld Co) 11,500 0 NBD Bancorp, Inc* 201,264 257,509 NCNB Corp* 1,837,614 1,704,988 NCR Corp* 580,619 389,348 Neiman-marcus Group 67,205 57,073 Network Equip Tech* 124,206 179,390 Nevada Pwr Co 678,096 655,012 New Eng El System 324,570 345,363 New Germany Fund 236,857 0 New York State E/gas 313,130 483,336 Newmont Gold Co* 530,066 460,942 Newmont Mining Corp* 486,383 337,423 News Corp Ltd (adr) 803,153 513,438 Niagara Mohawk Pwr* 968,948 998,704 Nicholas-applegate 13,554 43,329 Nipsco Industries 304,273 143,600 NL Industries 89,646 116,378 Norfolk Southern Co* 421,068 500,844 Nortek, Inc 94,665 61,475 North European Oil 12,460 17 Northeast $2.25 Pfd 59,075 46,175 Northeast Utilities 960,723 259,701 Northrop Corp* 896,029 951,276 Norton Co* 120,525 179,516 Norwest Corp* 157,573 389,181 Nova Corp Of Alberta* 716,203 696,243 Nrn Sts Pwr 939,788 994,733 Nrn Telecom Ltd* 332,405 403,200 Ntl Austrl Bnk (adr)n 0 35,250 Nucor Corp 262,651 191,523 Nuveen Calif Mun Val 14,153 4,003 Nuveen Municipal Val 25,636 14,900 Nynex Corp* 259,273 291,891 Oak Ind Inc 6,000 17,819 Occidental Pet* 1,082,042 1,057,271 Ocean Drilling Expln 82,550 51,667 Ogden Corp* 307,670 806,964 Ogden Projects Inc 17,649 38,090 Ohio Ed Cl A Ser B 29,660 20 Ohio Ed Co 570,692 719,844 Ohio Ed Co 912prl N 0 12,700 Ohio Pwr Co 760prb 13,053 0 OHM Corp 214,042 188,467 Oklahoma Gas & El 651,214 340,700 Olin Corporation 82,401 122,735 On-line Software* 163,315 138,575 Oppenheimer Basic 100 11,986 Orion Capital* 533,398 556,044 Oryx Energy Company* 515,840 457,553 Outboard Marine Corp* 223,006 113,192 Overseas Shiphold 14,802 51,460 Owens-corning Fiber* 1,237,502 1,143,077 Pacific Enterprises* 181,750 223,119 Pacific Gas & Elec* 1,028,751 1,054,735 Pacific Telesis Gr.* 747,856 799,392 Pacificorp 1,591,813 1,302,879 Paine Webber Inc* 120,983 86,897 Pan Am Corp* 6,827,473 5,308,603 Panhandle Eastern Co* 1,690,519 488,061 Pansophic Systems 42,500 23,249 Paramount Comm* 386,863 467,775 Parker Drilling Co 437,180 250,100 Parker-Hannifin Corp* 283,369 162,190 Pathe Communications 300,350 339,750 Patriot Prem Div Ii 5,069 638,281 Patriot Premium Div 14,670 28,013 Penn Pwr & Lt Co 471,443 458,501 Penney JC Co* 199,113 287,718 Pennzoil Co 75,034 104,902 Peoples Energy Corp 24,073 3,797 Pep Boys M M & Jack* 103,900 138,384 Pepsico Inc* 910,227 724,890 Perkin-elmer Corp* 193,492 171,959 Petrie Stores Corp* 434,507 469,622 Pfizer Inc* 988,241 575,031 Phelps Dodge Corp* 109,171 226,974 PHH Corporation 25,461 7,309 Phila Electric Co* 753,484 1,090,057 Philip Morris Co's* 4,057,065 4,031,109 Philips N.V* 184,623 41,998 Phillips Petroleum* 943,282 416,542 PHM Corp. (holding) 66,935 50,443 Pier 1 Imports* 174,045 153,921 Pinnacle West Cap 1,730,092 2,075,849 Pitney Bowes 68,722 84,027 Pittston Company 28,507 45,503 Placer Dome Inc.* 242,164 178,914 PNC Financial Corp 96,235 137,850 Pogo Producing Co* 151,525 100,815 Polaroid Corp* 297,092 238,892 Polygram N.V. 76,500 40,001 Pope & Talbot, Inc* 455,729 391,099 Portland Genl Corp 517,201 855,191 Portugal Fund Inc 2,887 20,647 Potomac El Pwr Co* 395,888 1,257,783 PPG Ind Inc* 286,982 228,303 Precision Castparts* 194,605 77,485 Premark Intl Inc 34,996 62,283 Premier Ind Corp 136,813 0 Primark Corp 157 15,212 Prime Motor Inns* 3,718,881 3,111,254 Prime Motor Inns L P 11,508 126 Primerica Corp* 524,365 392,963 Procter & Gamble* 1,765,858 2,593,035 Progressive Corp 20,800 107,703 Prudential Strat Inc 97,500 294,706 PSI Holdings, Inc. 597,826 812,798 Pub Svc Co Colorado 1,355,590 1,495,195 Pub Svc New Hamshire 122,951 158,298 Pub Svc New Mexico 806,415 59,500 Pub V E & Gas 770prm 1,432 15,172 Pub V E & Gas 780prl 10 15,000 Public Ser Enter* 1,023,978 674,992 Puget Sound Pwr & Lt 648,225 676,774 Putnam Div Inc Fd 1,904 24,787 Putnam Managed Mun 4,000 17,917 Putnam Master Interm 1,613 19,246 Putnam Premier Inc 222,050 272,944 Qantel Corporation 14,931 400 Quaker Oats Co* 145,955 98,482 Quantum Chem. Corp.* 1,170,196 1,244,301 Quest For Val (capt) 89,742 118,472 Quick & Reilly 33,330 21,725 RAC Income Fund 16,310 3,131 Racal Telecom (adr) 217,441 159,584 Ralston Purina Co* 258,585 291,773 Ranger Oil Ltd.* 2,381,974 2,508,822 Raymond James Financ* 104,962 87,349 Raytheon Co* 248,470 302,604 Reading & Bates Corp 607,302 333,135 Reebok Intl Ltd* 619,570 885,936 Reliance Group Hlds 152,963 102,088 Repsol, S.A. (adr) 239,650 35,650 Rexene Corp 1,420,280 1,817,123 Reynolds Metal Co* 218,203 154,815 Robert Half Int'l* 166,400 0 Rochester Gas & El 224,325 532,939 Rochester Telephone 3,908 14,362 Rockefeller Center 4,856 18,881 Rockwell Intl Corp* 453,920 762,835 Rohm & Haas Co 72,134 243,345 Rohr Ind Inc* 183,975 58,526 Rollins Environment* 211,173 363,978 Rorer Group Inc* 1,100,546 2,244,608 Rowan Co's Inc 110,906 53,697 Royal Dch Ptrl* 529,419 657,645 Rubbermaid Inc.* 588,943 568,251 Russell Corp 220,755 199,465 Ryder System Inc* 189,912 71,792 Rykoff-sexton, Inc. 3,674 33,221 Saatchi&Saatchi(adr)* 145,404 327,566 Safecard Services 17,765 31,134 Salant Corp 61,986 45,398 Salomon* 230,413 274,524 San Diego Gas & El 404,323 502,662 Santa Fe Pacif Corp* 1,580,820 1,349,750 Sara Lee Corp* 297,595 1,274,900 Savin Corp* 608,876 646,657 Scana Corp 285,058 303,008 Scecorp (hldg Co.)* 2,456,374 2,848,899 Schering-plough Corp* 236,847 535,875 Schlumberger, Ltd* 1,043,678 965,267 Scientific Atlanta 70,139 39,406 Scott Paper Co* 136,829 31,083 Sea Containers Ltd 62,450 340,130 Seagram Co. Ltd* 422,338 491,006 Seagull Energy* 186,071 386,078 Sealed Air Corp 69,863 292,988 Sears Roebuck & Co* 1,296,895 1,364,629 Security Pacific* 333,912 306,389 Sequa Corp Cls A* 417,106 430,838 Service Corp Intl* 105,176 116,294 Service Resources 160,100 179,320 Shaw Ind, Inc 115,533 12,458 Shawmut National* 2,824,257 1,847,256 Shearson Lehman Hutt* 1,786,733 554,619 Shell T t (new Adr)* 169,617 295,471 Shoney's Inc* 2,029,110 2,075,749 Sierra Pacific Res. 259,530 232,939 Signet Banking Corp 33,890 113,070 Silicon Graphics* 1,649,787 0 Skyline Corp 53,631 20,105 Smith Intl Inc* 119,900 59,758 Smithkl Beech Equity 229,326 272,666 Smithkline Beech Adr 1,321,199 1,423,082 Snap-on Tools Corp* 716,627 539,384 Sonat,inc 72,295 158,728 Sony Corp (adr)* 343,309 455,478 Southeast Banking Co* 1,082,682 553,075 Southern Co* 2,656,825 2,956,227 Southmark Corp 875,449 937,766 Southmark Pfd Adj D 26,100 6,000 Southwestern Bell* 191,971 226,333 Southwestern Pub Svc 2,205,382 2,071,785 Sovran Fin Corp 61,267 42,329 Spain Fund, Inc. 563,554 589,856 Springs Ind (cl A) 30,523 13,490 Standard Brand Paint 1,789 11,819 Standard Pacific 234,188 156,483 Standard Products Co 19,635 5,715 Stanhome Inc 74,825 42,342 Sterling Chemicals 19,226 43,272 Sthrn New Eng Telecm 416,185 234,630 Stone Container Corp* 899,439 754,641 Storage Equities Inc 75,016 37,332 Storage Tech 145,961 51,134 Stratus Computer Inc* 269,673 127,415 Stride Rite Corp 99,559 267,547 Student Loan Mkting* 1,168,648 1,224,518 Sun Distributors 1,354 13,689 Sun El Corp 831,643 740,918 Sunshine Mining Co* 3,914,132 3,648,285 Suntrust Banks Inc* 549,724 477,880 Super Valu Stores* 108,514 133,244 SVC Merchandise Co 27,321 39,851 Symbol Technologies 90,557 668,200 Syntex Corp* 241,888 363,639 Sysco Corp* 695,035 870,415 Tacoma Boatbuilding 8,471 26,669 Taiwan Fund, Inc. 136,118 107,798 Tambrands Inc* 155,385 186,062 Tandem Computers* 819,006 868,389 Tandy Corp* 445,587 461,733 TCBY Enterprises* 1,225,879 1,240,588 TCW Convertible Sec 49,625 23,795 Teco Energy 1,693,953 506,290 Tektronix, Inc* 108,589 96,222 Telecom * USA, Inc. 112,809 87,900 Telef De Espana Adr 1,443,750 1,058,279 Temple Inland Inc 49,840 71,328 Templeton Global Gov 1,083 12,676 Tenneco Inc (hld Co)* 483,119 472,032 Tesoro Petroleum* 369,968 395,100 Texaco Inc* 689,139 1,432,841 Texas Ind Inc* 126,167 77,067 Texas Instruments* 351,370 677,543 Texas Util Co* 1,912,472 2,428,628 Texfi Ind Inc 15,509 53,669 Textron Inc 85,018 126,318 Thai Fund, Inc. 76,436 133,901 The Tjx Co's, Inc.* 465,958 452,407 Thermo Electron Corp* 800,177 671,797 Thiokol Corp* 104,560 21,754 Thomas And Betts 126,333 105,364 Thortec Int'l, Inc. 49,410 261,597 Tidewater Inc* 129,942 100,500 Tiffany & Co. 195,602 153,886 Time Warner Ser D* 592,722 0 Time Warner Inc.* 765,884 407,363 Time Warner Ser C* 287,948 0 Times Mirror Co, The* 142,204 104,018 Tis Mtge Invest Co 209 17,959 Todd Shipyards Corp* 143,800 163,900 Tonka Corp 447,445 394,618 Torchmark Corp 32,850 43,937 Tosco Corp* 1,934,293 1,913,791 Toys ''R'' Us, Inc* 1,619,214 1,588,797 Trans World Air 2.25* 202,831 123,795 Transamerica Corp* 109,431 203,418 Transco 4.75 Cum Cv 402 153,000 Transco Energy Co 59,515 72,653 Travelers Corp* 172,594 78,345 TRI Continental Corp* 222,155 245,949 Tribune Co 67,243 25,010 Trinity Ind* 402,710 1,593,968 Trinova Corp* 166,896 37,400 Triton Energy Corp* 663,839 699,030 Triton Group Ltd 43,373 56,730 TRW Inc* 279,032 440,487 Tucson El Pwr Co* 1,564,660 1,224,550 Tultex Corp 87,800 66,577 Turkish Invest Fund 10,211 20,288 Tyco Labs Inc* 167,054 216,318 U S Surgical Corp* 105,617 12,945 U S West Inc* 195,753 671,402 UAL Corporation* 424,547 361,869 UGI Corp 1,081 12,585 UJB Financial 414,792 310,539 UNC Inc 31,767 42,745 Unifirst Corp 2,709 67,206 Unilever Nv (ord)* 416,227 738,935 Unilever Plc (adr) 54,597 299,507 Union Carbide Corp* 881,837 561,901 Union Elec Co 259,387 197,740 Union Pacific Corp* 171,251 131,700 Union Planters Corp 24,000 13,424 Unisys Corp* 1,485,020 1,144,422 Unisys Ser A Pfd* 289,736 349,580 Unit Corp 97,701 269,532 United Brands Co* 226,482 182,346 United Illuminating 94,723 218,400 United Tech Corp* 504,068 693,495 United Telecommun* 1,118,080 506,999 Universal Corp(hldg) 5,428 19,115 Unocal Corp* 516,250 433,417 Upjohn Company* 570,016 544,228 US Shoe Corp 67,703 101,631 USAir Group Inc* 1,248,989 639,364 USG Corp* 2,394,984 2,512,987 Uslico Corp* 112,743 143,137 UST Inc* 283,506 328,467 USX Corp* 1,283,503 1,395,033 Utilicorp United Inc 34,613 13,110 V F Corp 52,754 79,202 Valero Energy* 204,803 320,985 Van Kampen Merr Mun 13,679 24,780 Varco Intl Inc 242,766 301,720 Varity Corp* 1,923,658 1,227,243 Vestron Inc* 299,254 346,567 Vista Chemical Co* 954,010 795,265 Vons Companies, Inc. 235,532 145,700 Vulcan Materials 34,494 24,320 Wainoco Oil Corp* 512,942 525,967 Wal-Mart Stores Inc* 1,969,146 2,325,154 Walgreen Co* 112,341 212,753 Walt Disney Co* 904,584 830,681 Warner Lambert Co* 184,595 227,074 Washington Water Pwr 287,028 247,600 Waste Management* 1,377,532 1,579,552 Watkins Johnson Co 20,631 21 Waxman Industries* 190,973 209,688 Weingarten Rlty Inv* 234,100 144,200 Weis Markets Inc 239,213 153,256 Wellman, Inc.* 542,207 184,780 Wells Fargo & Co* 1,204,806 1,071,783 West Company Inc 6,732 17,562 Western Mining (adr) 11,760 250 Western Union Corp.* 1,060,758 888,348 Westinghouse Elect* 682,437 730,484 Westvaco Corp 54,237 83,372 Weyerhaeuser Co* 515,528 440,592 Whirlpool Corp* 388,610 218,697 Whitman Corp* 119,639 174,606 Williams Co's Inc* 232,551 323,175 Windmere Corp* 1,669,986 2,270,765 Winn-Dixie Stores 171,564 161,143 Winnebago Ind* 113,873 92,966 Wisconsin Energy 300,656 380,861 Wisconsin Pub Svc 64,099 25,146 WMS Industries 30,822 16,900 Woolworth Corp Hldg* 349,516 435,094 Wrigley Wm Jr* 232,890 291,541 Wstrn Co N Amer 422,094 135,001 Wtrn Un $15.00 Cl A 37,401 23,300 Wtrn Un $3.00 Cl B* 129,500 56,100 Wyse Technology 51,689 119,614 Xerox Corp* 296,454 308,278 Zapata Corp 936,017 808,454 Zenith Electronics* 590,992 437,064 Zenith Natl Insur 23,016 13 Zenix Income Fund 127,477 117,070 Zero Corp 51,612 22,326 Zurn Ind Inc 99,169 52,505 Zweig Fund,inc. 81,400 113,855 Zweig Absolute Return 26,925 68,780 Abbreviate Absorption * May accept been afflicted by arbitrage transactions
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