Tabell’s Market Letter – November 06, 1963

Tabell’s Market Letter – November 06, 1963

Tabell's Market Letter - November 06, 1963
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Walston &Co. Inc. Members New York Stock Exchange NEW YORK SAN FRANCISCO LOS ANGELES PHILADELPHIA CHICAGO OFFices COAST TO COAST AND OVERSEAS EDMUND W. lABEll'S RECOMMENDED LIST QUALITY & LONG TERM GROWTH Close Qual- 11/4/63 !!Y Comment Caterpillar Tract. 46 5/8 A Hold Corning Glass 196 1/2 A Hold for 250 Crown Zellerbach 52 5/8 A- Hold for 60 DuPont 251 AI- Hold Gulf Oil 47 3/8 A Buy at 42 Minn. Mining Penney, J. C. Royal Dutch Stand. Oil N. J. Woolworth Close Qual- 11/4/63 J!L Comment 65 5/8 A Hold for 7!H10 44 7/8 A Hold 45 5/8 A Buy at 40 72 A Buy at 65-62 75 A- Hold PRICE APPRECIATION Close Qual- 11/4/63 2.!L Comment Atchison, Top. SF 28 1/4 A- Buy at 28 Beauhit Corp. 27 3/8 B Buy at 27-25 Burlington Ind 40 1/4 B Holdfor 45-50 Cenco Inst. 49 5/8 B Buy at 45 Clark Equipment 43 3/4 A- Buy at 40-38 Cluett, Peabody 55 1/2 13 Buy at 50 Consol. Coal 48 3/4 A- Buy at 45 Copper Range 24 1 8 B Buy at 21 Denver, Rio Grande 21 1/2 B Buy at 20 Disney, Walt 42 7/8 B Buy at 40-38 Ex-CeU-O 37 3/8 A Buy at 36 First Charter Fin. 34 7/8 Hold Fruehauf Trailer 28 1/4 B Buy at 26 Int'l Min Chern. 63 3/4 B Buy at 58-56 Kansas City So.Ind 42 3/4 A- Buy at 40-38 Kerr McGee 37 3/4 A- Buy at 34- 32 Korvette Close Qual- 11/4/63 .!!L Comment 37 5/8 – Buy at 33-30 Litton Ind 80 B Buy at 75-70 McDermott 23 5/8 Buy at 22-21 Midland-Ross 60 1/8 B Buy-Hold Newmont Min. 88 1/4 A- Hold Pittston Co 60 B Buy at 55 Raytheon Co 23 1/4 Buy at 20-18 Reynolds Metal 31 7/8 B Buy at 30-28 Schlumberger 61 Buy at 54-52 Stevens, J. P. 33' 7/8 B Buy at 32-30 Storer Broad. 41 1/2 B Buy at 38-36 Sundstrand 22 1/4 B Buy at 21-20 Swingline A 37 1/4 Buy at 36-34 Union Bag-Camp 40 B Buy at 38 United Fruit 21 3/8 B Buy at 21-20 U. S. Plywood 60 3/4 A- Buy at 55 Univ. Oil Prod. 31 7/8 B Buy at 30-28 LOW-PRICED SPECULA TIVE Close Qual- Audio Devices 11/4/63 .i.!L Comment 12 5/8 B- Hold Braniff Airways 11 5/8 B Hold Campbell Chibou. 3 C Hold El Paso Nat! Gas 17 5/8 B Buy at 17-16 Foote Mineral 11 5/8 B Buy at 10 Great West. Fin. 17 3/8 Hold Hewlett Packard 19 7/8 B Buy at 20-18 Intern'l Packers 13 3/4 B- Hold Mesabi Trust 13 1/2 Hold for Income Close Qual- 11/4/63 i!,L Comment Microwave 11 3/4 B Buy at 11-10 Murphy Corp. 19 1/4 Hold for 25 National Can 14 5/8 B- Buy Pacific Pete 11 B- Buy at 11-10 Penn R. R. 19 7/8 B- Buy at 19-18 Reeves Bros. 15 7/8 B Buy at 15-14 W.Air. 51/8 C Buy at 5 Sperry Rand 17 1/8 B Buy at 16-15 Univ. Match 15 B Buy at 14 Varian Assoc. 19 5/8 B Buy at 18 The following stocks have been removed from our Recommended List since its publication on September 10, 1963' Air Products, Burroughs, Electric Storage Battery, General Mills, General Motors, Great Northern Paper, International Business Mach., Kern County Land, McKesson & Robbins, Northwest Airlines and Stewart Warner. November 6, 1963 ThiS Uullctm IS not and under no Cllcumstanc('S IS to be construed a,. an (lffet to 01 a to lmy any securities rererred to herem The informatIOn con- tained herem IS not'uuaranteed as to accuracy or l'lnd the rurnn,hlnl! thereor not, and under no circumstances to be conetrued as, a representatlOn by Walston & Co ne All cxprc,,,,ions of opinion al e !ubJect to Without n(lUre Wnlston & CD, Inc, and Officers, DlrC'etors, St(lekholders and Employees thereof purchnse sell and nlay have nn mterest m the securities mentloTIe(1 herem lIullctm mtended Bnd preqented merely as a general, informal commen- tary and not as n 'complete analYSIS Additional InforrnntlOn With respect to flny secul itlb referred to herem will be furntshed opon reque!t '''-916

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