Investors seem content to sit on the...

Investors seem content to sit on the sidelines collecting interest ranging from 9% to 10% on CDs and money-market investments rather than subjecting their funds to the vagaries of the stock market, according to Irving Katz, director of research for Thomas Green/San Diego Securities.

Individuals and institutions seem to be waiting impatiently for anything--be it a recession or inflation--before committing their funds to the market, Katz said.

Most San Diego stocks continued to mark time, with the exception of two local banks that reached new highs.

BSD Bancorp gained 1 to $7.375 after back-to-back announcements of an earnings gain of 50% during the first quarter and a first-time dividend declaration of $.05 per share. Book value on March 31 was $6.63 and earnings are projected at $.90 to $1 for the year. The stock has gained 87% since year’s-end.

First National Corp. gained $1.75 for the week and made a new high of $16.125. Many small bank stocks are moving up on the prospect of 1991 interstate bank mergers.

Imperial Corp. of America, which announced during last week’s annual meeting that it is not averse to a buyer or a new major investor, managed only a $.125 gain.

New highs also were made by PSICOR at $11.25, Mail Boxes Etc. at $17 and DH Technologies at $9.875. DH Technology’s backlog is at an all-time high, and the company is comfortable with earnings projections for this fiscal year in the $1 range, Katz said.