Tabell’s Market Letter – January 02, 1964

Tabell’s Market Letter – January 02, 1964

Tabell's Market Letter - January 02, 1964
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Walston &CO. 1 .'!! 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 LlSl QUALITY & LONG TERM GROWTH Amerada Close Qual- 12L;nL63 .i1L !;omment 69 5/8 A Buy at 65-60 Gulf Oil Close Qual- 12/31/63 i!L Comment 47 A Buy at 43-40 Amer. Home Prod. 605/8 A Buy at 55 Minn. Mining 64 5/8 A Buy at 60-55 Caterpillar Tract. 48 A Buy at 45-43 Norfolk & W 118 A Buy at 110-100 Corning Glass 210 1/2 A Sell at 225 -250 Penney, JC 47 A Buy at 42-40 1- ..Du Pont 239 3/ General Electric 87 1/8 Dutch 49 1/8 A Buy at 45 A Buy at 80-75 Std. Oil N. J 76 A – Buy at 70-65'- Woolworth 73 3/4 A Buy at 75-70 . PRICE APPRECIATION Close Qual12/31/63 ity Comment Atchison, Top. Beaunit Corp. Borg Warner 28 3/4 29 1/8 46 3/4 A- Buy at 28-27 B Buy at 29-27 A- Buy at 45-43 Burlington Ind. Cenco Instrum. Clark Equipment 43 47 5/8 41 5/8 B Hold for 50 B Buy at 46-44 A- Buy at 40-35 Cluett, Peabody 54 3/4 B Buy at 50-45 Conso!. Coal Copper Range 53 5/8 26 5/8 A- Buy at 50-45 B Buy at 23-20 Copperweld Steel 38 3/4 B Buy at 37-35 – – Denver;-RipG. 21-1/-4–B–Buy-a-t-20 -1-8 Disney, Walt Eaton Mfg. Ex-Cell-O First Charter F 39 1/2 37 1/ 8 37 1/4 38 1/2 B Buy at 36-34 B Buy at 32-30 A Buy at 38-35 – Buy at 35-30 Fruehauf Trailer 29 Illinois Central Intern'l Min. C 52 1/2 59 1/ 2 Kansas City So. Ind. 42 1/2 B Buy at 27-25 B Buy at 50-45 A- Buy at 55-50 A- Buy at 40-38 Kerr McGee Korvette 36 1/2 36 1/4 A- Buy at 34-32 B Buy at 33-30 Close Qual- 12/31/63 ity Comment Libbey-Owens 52 3/8 A Buy at 52-50 Litton Ind. 78 7/8 B Buy at 75-70 McDermott 23 3/8 B Buy at 23-20 Midland-Ross 63 B B'..lyat 60-55 Newmont Min 36 1/4 A- Buy at 32 Pittston Co 58 1/2 B Buy at 57-55 Pure Oil 41 1/2 A Buy at 40-38 Rayonier 29 1/2 B Buy at 27-25 Raytheon 20 3/8 – Buy at 20-19 Reynolds Met. 32 B Buy at 30-28 o'Schlumberger-5'7-1 / 4—A-Buy at 55 –50 Southern Rwy 62 B Buy at 60-55 Stevens, J. P. 38 3/4 B Buy at 35 Storer Broad. 40 3/4 B Buy at 33-30 Sundstrand 21 3/8 B Buy at 21-20 Swingline A 33 1/4 – Buy at 33-30 Union Bag C 38 5/8 B Buy at 35-33 United Fruit 21 5/8 B Buy at 21-20 U. S. Plywood 67 A- Buy at 60-55 Univ. Oil Prod. 32 1/4 B Buy at 31-29 I – LOW-PRICED – SPECULATIVE Close 123163 Amer. Metal Pr. 18 Amer. Radiator 18 1/8 Audio Devices 11 3/4 Braniff Airways 12 7/8 Campbell Chib. 3 1/4 El Paso Nat! Gas 18 3/4 Foote Mineral 11 1/2 Great West. Fin 17 5/8 Hewlett Packard 19 1/8 Intern'l Packers 15 5/8 Qual- Close Qual- ….liY- Comment B Buy at 17-15 Mesabi 12/31/63 Trust 13 1/8 !!L- B !3uyat 17-15 Microwave 10 7/8 B B Buy at 11-9 Murphy Corp 18 B B Buy at 13-12 National Can 15 B- C Spect.ilatim-Buy . Pacific Pete 10 3/4 B- B Buy at 18-16 Penn R R. 25 5/8 B- B Buy at 11-10 Reeves Bros. 16.3/8 B – Buy at 16-15 Seaboard W. Air. 4 '7/ 8 C B Buy at 20-18 Sperry Rand 21 1/4 B B- Hold Univ. Match 13 1/2 B Varian Assoc. 16 5/8 B Comment Hold / Income Buy at 10-8 Hold for — – Buy at 14-13 Buy at 11-10 Buy at 22-20 Buy at 15-14 Buy at 5-41/2 Buy at 20-18 Buy at 14-12 Buy at 17-15 January 2, 1964 This Bullctm IS not, and un,('f no fllCllmstan('E'; IS to 1,(, n… an frel to se!1 III ,\ ,lntHln to Luy any securities refcried to herein The mformntlOn can tamed her('m 15 not J-unrnnlccd Il'l tn neCtllaCY 0, eomplehtlC'-, aut! the (Ul thelCl/f ' Ilot. ,mrl under no ClrCUm!)tances IS to be construed n'l. n reprcs,entatlon by \ …I1\gton &. Co , Inc All C'lpreswns uf ornnlOn 1'1 e ..ulJJcct to Ch.lngc Wllhuut uutlCC \\ ,11910n &. en. Inc , OffIcers. Drector. Swckholden; and Employees thereof. purchase, sell nnd mny ha.. c an mleresl In the 'Iecurttle'l mentlwH'd hereIn ilul\clln IS mtf'ndcd and presented merely as a general, Informal Commen- tary and not as a complete 1I11ubsis AddItional Infurmllhon respect to any Icrcrred to herem WIll be fUlnlshed upon request WN-5I16

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