Tabell’s Market Letter – February 11, 1963

LOW-PRICED SECULATIVE Audio Devices Close 2/8/63 13 Campbell Chibougamau 3 15/16 Chicago & No. West Rwy 15 1/2 El Paso Natural Gas 19 F!yirlg … Foote Mineral 11 1/4 Great West Financial 1,7 3/4 Intern'l Packers 19 3/4 Mesabi Trust 13 1/8 Microwave 13 3/4 Murphy Corp. 18 118 National Can 12 5/8 Pacific Petroleum 11 Reeves Bros. 13 1/8 – — — SeaboardFinance 'lT3t4 Sperry Rand 13 3/4 Quality BC C B C B B- B BBB- B Yield 6.4 0.9 stk. 3.8 3. 6 2.8 stk 3. 8 4-2 stk Comment Hold for 20. Hold Buy-Hold Buy at 17-16. Hold .. Hold for 19 Buy-Hold Hold for 23-25 Hold for income. Buy-Hold Buy-Hold Buy-Hold Buy-Hold Hold for 21. – –..—-.- Buy-Hold February 11, 1963 Edmund W. TabelL Walston & Co. Inc. 74 Wall Street New York 5, N. Y. QUALITY AND LONG-TERM GROWTH Close 2/8/63 Caterpillar Tractor 36 3/8 Corning Glass 162 3/4 Crown Zellerbach 47 1/2 DuPont 243 1/4 General Motors– – 631/s- .- Gulf Oil 43 1/2 Intern'l Bus. Mach. 420 Minnesota Mining 59 1/4 Penney, J. C. 463/4 Royal Dutch 46 3/8 Standard Oil of N. J. 60 Woolworth 63 5/8 Quality A Yield 2.7 A (b) 1.2 A- (a) 3. S A (a)(b) 3. 1 –A – -(b)-47's A 3. 7 A 0.7 A 1.4 A (b) 3.2 A 3.3 A 4.2 A- 3. 9 (a) – Stock dividend. Comment Hold. Buy at 35-33. Hold. Buy at 150. Hold. Buy at 45. Hold. Buy at 230-220. Hold-Buy at 55. . Buy-Hold Hold Buy-Hold Hold Hold. Buy at 45-43. Hold Buy-Hold February 11, 1963 EDMUND W. TABELL'S RECOMMENDED LIST PRICE APPRECIATION Close 2/6/63 Quality 0/0 Yield Comment Air Products 57 1/2 B (a) O. 3 Hold. Buy at 60. Allied Chemical Alside, Inc. American Optical American Viscose Armstrong Rubber 44 3/4 27 62 1/6 645/6 35 7/S AB B 4.0 2.0 (a) 3.2 3.1 (b) 5.3 Hold. Buy at 42-40. Hold. Buy at 27-25. Hold for 75-S0. Hold for 75-S0. Hold for Atchison, Top. & S. F. 26 1/2 A- (b) 5. 5 Buy- Hold Beaunit Corp. 21 7/S B 5.5 Buy-Hold. Burlington Ind. 26 B 3. S Hold. Buy at 26-25. Burroughs C!trYfl!er 29 1/2 B 3. 4 Hold for 35. S67/.S B 1..2..Hold.Buy.at.75-70. -. -.- Cluett, Peabody 46 3/4 B (b) 3. 3 Buy- Hold Collins & Aikman 333/4 B 3.6 Hold for 40-45. Columbia Pictures 24 1/2 B stk Hold for 32. Consolidation Coal 397/S A- 4.0 Hold. Buy at 37-35. Continental Insurance 63 3/6 (a) 3.5 Hold for 70-75. Electric Storage Battery 54 1/4 B 4.1 Hold. Buy at 47-45. Ex-Cell-O 46 A 3. 5 Buy- Hold First Charter' 32 3/4 stk Hold. Buy at 30-26. Fruehauf Trailer 27 7/S B 4.3 Hold General Mills 32 1/4 A 3. 7 Hold for 40. Great Northern Paper 41 Intern'l Min. & Chern. 42 3/4 B B 2.4 Hold for 50-55. 3.7 Buy-Hold Intern'l Tel & Tel 46 l/S B 2. 2 Hold for 60. Kern County Land 74 A 3. 2 Buy-Hold Kerr McGee 37 3/4 A- 2.6 Hold. Buy at 35-33. Korvette, E. J. 30 Hold for 35-40. Louisiana Land 77 1/4 A (b) 2. 6 Hold for S5-90, McDermott, J. Ray 27 7/6 3.2 Buy-Hold McKesson & Robbins 42 A- 3.6 N'ewmont Mining .70 .. . – — – – 3.'4- – – Hold No. American Aviation 63 1/4 B 3.2 Hold. Buy at 65-60. Northwest Airlines 41 1/2 B 1. 9 Hold. Buy at 35-30. Panhandle Eastern 71 3/S A- 2.6 Hold. Buy at 65-60. Raytheon Co 27 3/4 B stk Hold for 35-40. Reynolds Metals 24 3/S B 2. 1 Buy-Hold Schlumberger 67 7/6 1.5 Buy-Hold Seaboard Airline 36 1/4 B 4.4 Hold for 37. Stevens, J. P. 30 7/S B (a) 4.9 Buy-Hold Union Bag-Camp 36 3/S B 4. 1 Buy-Hold U. S. Plywood 49 lis A- 4. 1 Buy-Hold U. S. Vitamin 24 5/6 A 2. 6 Hold for 30-32. Universal Oil Prod. 30 7/S B (b) 2.4 Buy-Hold Varian Associates 32 7/6 B Hold- Buy at 33- 30. February 11, 1963 (a) Plus stock dividend. (b) Cash extra included