May 1, 1998
ELTON STEPHENS - INVESTMENT ADVISOR Page 1
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SPECIALIZING IN COMMON STOCKS - NYSE P.O. BOX 476
800-55-ELTON (35866) OR 219-291-3823 SOUTH BEND, IN 46624-0476
U.S.A.
BLUE CHIP STOCKS
ISSN # 0896-4904
Blue Chip Stocks Buys for the month of ** June **
The information given herein is taken from sources which we
believe to be reliable, but which we in no way can guarantee.
Buy
Name Price Div. Yield Earn. P.E. Range Date
Equitable Res 32 1/8 1.18 3.7 2.16 15 35 1/2 - 27 3/8 6-1
American Home Pd 90 1/4 1.71 1.9 3.11 29 97 3/4 - 64 13/16 6-1
Conagra Inc 28 3/4 .63 2.2 1.41 20 38 3/4 - 27 6-1
Jostens Inc 23 3/8 .88 3.8 1.46 16 29 5/8 - 21 6-1
Rubbermaid 28 1/8 .64 2.3 .95 30 30 1/4 - 23 6-1
Universal Foods 49 7/8 1.06 2.1 2.59 19 50 3/4 - 34 1/2 6-2
Potlatch Corp 45 11/16 1.74 3.8 1.25 37 52 3/4 - 39 3/8 6-5
Rockwell Int'l 55 1/2 1.02 1.8 2.63 21 61 5/8 - 44 5/16 6-5
Emerson Elect 63 1.18 1.9 2.59 24 67 7/16 - 48 7/8 6-9
Golden West Fl 104 3/8 .50 .5 6.13 17 112 5/8 - 64 1/4 6-9
Lubrizol Corp 36 3/8 1.04 2.9 2.66 14 46 15/16 - 31 7/8 6-9
Exxon Corp 72 5/16 1.64 2.3 3.37 21 74 11/16 - 54 5/8 6-10
Atmos Energy Cp 28 13/16 1.06 3.7 .87 33 30 1/2 - 22 1/2 6-11
Hanna 22 15/16 .45 2.0 1.40 16 30 - 19 3/4 6-12
Honeywell Inc 91 3/4 1.12 1.2 3.71 25 96 1/4 - 64 15/16 6-12
Walgreen Co 33 .25 .8 .95 35 37 1/4 - 21 3/4 6-12
Du Pont E I 72 13/16 1.40 1.9 2.08 35 80 1/8 - 50 3/16 6-12
PPG Industries 70 1/2 1.44 2.0 3.94 18 73 1/2 - 52 3/4 6-12
Stride Rite 12 1/8 .20 1.6 .41 30 15 3/4 - 10 3/4 6-15
Sun Trust Banks 79 5/16 1.00 1.3 3.13 25 82 1/4 - 48 1/2 6-15
Equifax Inc 38 1/8 .35 .9 1.26 30 40 11/16 - 24 13/16 6-15
VF Corp 51 3/8 .80 1.6 2.70 19 53 1/4 - 34 7/8 6-19
Wallace Computer 35 7/8 .62 1.7 1.87 19 40 3/8 - 26 3/8 6-20
Avery Dennison 52 1/4 .84 1.6 1.93 27 55 13/16 - 36 6-21
SLM Holding 42 11/16 .56 1.3 2.80 15 49 1/4 - 31 9/16 6-23
Allegheny Energy 30 5/16 1.72 5.7 2.30 13 34 - 25 1/2 6-28
Nationalsbank 75 1/8 1.52 2.0 4.17 18 85 - 55 6-28
Ameren Corp 39 3/16 2.54 6.5 2.82 14 43 1/8 - 35 9/16 6-30
Progress Cp Oh 133 1/8 .24 .2 5.31 25 138 3/4 - 73 1/8 6-30
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