September 24, 1998
ELTON STEPHENS - INVESTMENT ADVISOR Page 1 of 2
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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 ** September **
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
Harland John H 13 5/16 .30 2.3 .52 26 23 15/16 - 12 7/8 8-30
Minnesota P & L 43 3/8 2.04 4.7 2.64 16 45 - 35 5/16 9-1
AMP INC 38 1/2 1.08 2.8 1.85 21 55 11/16 - 28 1/8 9-1
Bemis Co 34 7/8 .88 2.5 2.08 17 46 15/16 - 34 3/8 9-1
American Genl 66 7/16 1.50 2.3 3.82 17 75 11/16 - 46 9/16 9-1
Jefferson-Pilot 61 5/8 1.18 1.9 3.49 18 64 1/16 - 48 1/4 9-2
Federal Signal 21 1/4 .71 3.3 1.22 17 25 3/4 - 19 7/8 9-6
Diebold Inc 21 1/4 .56 2.6 1.16 18 55 5/16 - 20 9-6
Hawaiian Elect 39 1/2 2.48 6.3 2.87 14 42 3/16 - 36 1/4 9-9
Sherwin-Williams 20 .45 2.3 1.54 13 37 7/8 - 19 7/16 9-9
La-z Boy 20 .32 1.6 3.08 6 22 5/8 - 12 1/16 9-9
Norfolk South'n 29 1/16 .80 2.8 2.15 14 41 3/4 - 27 7/16 9-10
Minn Min'g / Mfg 73 2.20 3.0 5.02 15 101 9/16 - 65 5/8 9-12
Mc Graw-Hill Cp 79 1/2 1.56 2.0 3.09 26 87 - 63 1/8 9-12
Pitney-Bowes 54 15/16 .90 1.6 1.92 29 56 15/16 - 37 7/16 9-12
Utilicorp United 36 5/8 1.80 4.9 2.26 16 39 3/4 - 29 13/16 9-12
Consolidated Ed 49 1/4 2.12 4.3 3.07 16 50 5/16 - 32 1/4 9-15
American Bus Prd 20 1/8 .62 3.1 .84 24 25 13/16 - 16 1/2 9-15
Keycorp 31 1/2 .94 3.0 2.18 14 44 7/8 - 24 3/4 9-15
May Dept Stores 54 7/8 1.27 2.3 3.24 17 70 7/8 - 49 7/8 9-15
Century Tel Ent 46 7/16 .26 .6 2.83 16 52 11/16 - 25 9-15
UST Corp 30 1/4 1.62 5.4 2.43 12 36 15/16 - 24 9/16 9-15
Florida Progress 41 11/16 2.14 5.1 1.39 30 42 7/8 - 31 1/8 9-20
Sigcorp Inc 31 7/8 1.21 3.8 2.20 14 33 3/16 - 24 7/16 9-20
Hannaford Bros 43 7/8 .60 1.4 1.51 29 47 - 34 5/16 9-29
Baldor Electric 21 .40 1.9 1.16 18 27 3/16 - 19 5/8 9-30
General Re Corp 204 7/16 2.36 1.2 12.66 16 275 -191 9-30
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