Buying stock directly

April 26, 1992

Many companies allow investors to buy shares directly without a commission. Here's a list:

American Recreation Centers

Central Vermont Public Service (Initial purchase permitted in over half of the states)

Citizens First Bancorp


R. Grace

Johnsons Controls


Madison Gas & Electric


Procter & Gamble



These companies allow customers of the company -- or, in som cases, residents of company's home state -- to buy shares without a commission.

Bancorp Hawaii

Centerior Energy

Central Maine Power

Duke Power

Florida Progress

Hawaiian Electric Industries

Minnesota Power & Light

National Community Banks

Nevada Power

Philadelphia Suburban

Puget Sound Power & Light

Southwest Gas

Union Electric

SOURCE: Charles B. Carlson, editor of the Dow Theory Forecasts newsletter and the book "Buying Stocks Without a Broker" ($16.95 McGraw-Hill).

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