The company expects to have an annual increment of $1 per share in earnings over the next few years. Merchants Fast Motor Lines: Selling at 20 per cent discount relative to the S. & P. 425 Industrials, this unlisted stock appears to be an unrecognized value, especially because of the following statistics: Its operating ratio”77 per cent in 1960”is the best among publicly owned truckers, and its return on net worth” 22 per cent in 1960”is about double the industry norm. Procter & Gamble: The company has a solid past and is expected to continue its strong growth trend because of its anticipated continuing success in new product development and marketing despite intense competition in the fields of soaps and toiletries. Its growth potential should be also helped by its expanding foreign operations.


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