BUSINESS MEMO: A NO. 1 RATING

Edward Jones, a financial-services company, has been named No. 1 in a 12-month performance in the Wall Street Journal's quarterly stock. In addition, the 32.4 percent turnover rate in Jones' recommended portfolio was the lowest among 16 major broker firms over the past 4 1/2 years.

Joe Domian and Donna Domian, local Jones representatives, say the firm's low turnover rate is especially important in light of the recent capital gains tax cut.

Jones, headquartered in St. Louis, has more than 3,600 offices in 50 states and hopes to expand to 10,000 offices within the next decade.

Another Missouri-based financial services firm, A.G. Edwards, also headquartered in St. Louis, was second on the Journal's most recent stock-picking list. Rounding out the top five were Credit Suisse, Raymond Jones and Salomon Bros., with Smith Barney sixth and Merrill Lynch seventh.