Tabell’s Market Letter – April 14, 1961

Walston &Co. —..;,..; Inc. –….;;…;..; Members New York Stock Exchange NEW YORK SAN FRANCISCO LOS ANGELES PHILADELPHIA CH.JCAGO OFFices COAST TO COAST AND OVERSEAS TABEll'S MARKET lETTER April 14, 1961 A moderate reaction in the middle of the week on decreased volume failed to deter the advance of the general market which reached a high of 700.31 on Tuesday. Technical indicators continue to show positive action. However, it is a .normal characteristic of any bull market, that selectivity becomes more and more evident as the advance progresses. Therefore the choice of the right stocks will continue to be more important than guessing the short-term trend of the general market.' –. REEVES' BROTHERS; ING. .-……– —- . Current Price Current Dividend Current Yield 21 0.50 2.40/0 Long Term Debt Common Stock 3,200,000 1,167,831 shs. Sales 1959-60 71,720,000 Earned Per Share 1959-60 – 1.94 Mkt.Range 1961-59 41 3/8 – 12 The common stock of Reeves Brothers, recommended by this letter a few weeks ago, has reacted somewhat, and at Thursday's low of 20 1/4, had reached the downside objective of a short-term top, very close to a strong support level at 20-19. Further work may have to be done around current levels, but the stock retain! . its extremely attractive pattern with an ultimate upside potential considerably above the present price. to eell 0' contained herem IS not guarantccd as to or oo!flpleteness and the furmshing thereof c& iaO '0;pffgions of OpinIOn nre BubJect to. change without MVlbyeH3 k'el1 h'n'!l have an Interest in the securities mentioned ml\\'\t)rllbi' I1b ,w… inc.raA d hmm Th. in'mat,on n'I. n rcpresenta. Directors. Stockholders and merely as a general news an4 not as a analYSIS. Addlbonal mformatlon With respect to any securities referred to herem Will