Abstract
EDITOR'S NOTE: The Financial Analysts Journal is proud to publish this presentation by Mr. James Balog, Vice President of Auerbach, Pollak & Richardson, Inc., and Mr. Donald P. Moriarty, Partner of William A. M. Burden & Co. It was given at the May 1967 Annual Conference of The Financial Analysts Federation in San Francisco. The text had been copyrighted by the authors and reserved for publication in the Journal. The Board of Editors extends to them its deep appreciation of their generous gesture.
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