Tabell’s Market Letter – February 25, 1964

Walston &Co. —.;..;; Inc. ,;,.-,;;;,…..;,…;… Members New York Stock Exchange NEW YORK SAN FRANCISCO LOS ANGELES PHILADELPHIA CHICAGO OFFICES COAST TO COAST AND OVERSEAS EDMUND W. TABELl'S RECOMMENDED LIST QUALITY & LONG TERM GROWTH Amerada Close Qual- 2/24/64 Comment 741/4 A Buy on dips Close 2/24/64 Nor. &West. 120 Quality Comment Buy on dips Amer Home Pro 65 1/8 A Buy at 60 55 Penney, J. C. 45 1/8 A Buy at 42-40 Caterpillar Tr 501/2 A Hold for 56-78 Reynolds Tob. 40 1/8 A Buy on dips Du Pont 259 5/8 A, Hold Royal Dutch 43 3/8 A Buy at 42-38 General Elec . 85 3/4 51 A Buyat.85-80 on dips Oil of Woolworth , 5/8-A Buy on dips Minn Mining 685/8 A Buy at 65-60 PRICE APPRECIATION Close Qual- 2/24/64 ity Atchison, Top. 28 3/4 A- Beaunit Corp. 34 B Borg Warner 47 1/4 A- Burlington Ind. 45 1/8 B Cenco Instrum. 51 B Clark Equip 46 3/4 A- Cluett Peabody 51 1/2 B Consol. Coal 53 3/4 A- Copper Range 32 7/8 B Copperweld Steel 45 B Denver, Rio G 21 1/4 B Disney, '4r3/'I — Eaton Mfg, 41 B Ex-Cell-O 367/8 A First CJlarter F 41 1/2 Fruehauf Trail. 29 B Illinois Central 57 3/4 B Intern'l Min. C 67 7/8 A – Kansas City So. 441/4 A- Kerr McGee 37 1/4 A- Comment Buy at 25 Buy on dips Buy at 45-43 Hold for 50 Buy at 49-46 Buy on dips Buy at 50-45 Hold Hold for 39 Buy at 42-40 Buy at 20-18 . Buy at 38-35 Buy on dips Buy at 38-35 Buy on dips Buy on dips Buy on dips Buy at 40 Buy at 35-32 Close Qual- 2/24/64 Korvette, EJ 33 7/8 Comment Buy at 33-30 Libbey-Owens 53 3/4 A Buy at 52-50 McDermott 23 7/8 B Buy on dips Midland Ross 70 B Hold for 92 Newmont Min. 37 1/4 A- Buy at 35-30 No. Amer. Car 28 1/8 A Buy on dips Penn R. R. 33 3/4 B- Hold Pittston Co 55 1/2 B Buy on dips Pure Oil 43 5/B A Buy at 42-38 Rayonier 361/8 B Buy at 32-30 Reynolds Met. 35 1/2 B Buyat32-30 Scfilumberger 63 178 A Buy on dips Southern Rwy 59 1/8 B Buy at 55-50 Stevens, J. p. 37 B Buy at 35 Storer Broad 39 3/8 B Buy at 35-30 Sundstrand 21 B Buy at 20-19 SwinglineA 371/8 B Buy at 34-32 Union Bag C 37 B Buy on dips United Fruit 20 3/4 B Buy on dips U. S. Plywood 71 A Hold Univ. Oil Prod 32,5/8 B Buy at 31-29 LOW-PRICED SPECULA TIVE Close 2/24/64 Amer. Metal Pro 18 Amer. Radiator 193/4 Audio Devices 13 1/2 Braniff Airways 17 7/8 Campbell Chib. 4 1/4 El Paso Nat! Gas 18 7/8 Foote Mineral 11 7/8 Gt. West. Fin. 18 1/4 Hewlett Packard 17 7/8 Intern'l Packers 155/8 Mesabi Trust 14 1/2 Qual- 2!L Comment B Buy at 17-15 B Buy at 19-18 B- Buy at 12-11 B Buy on dips C Buy as Spec. B Hold for 24 B Buy at 11-10 Buy on dips B Buy on dips B- Hold Buy on dips February 25, 1964 Close Qual- 2/24/64 ity Microwave 10 5/8 B Murphy Corp. 20 B- National Can 15 1/2 B- Pete 10-3/8 B- Raytheon 17 5/8 Reeves Bros. 15 3/4 B Seaboard W.Air. 73/8 C Sperry Rand 18 1/4 B Univ. Match 12 3/8 B Varian Assoc. 12 7/8 B Comment Buy on dips Hold for 25 Buyat.14-1 Buy on dips Hold Hold for 24 Buyat 6 Buy on dips Buy on dips Hold – This llullctln IS nOl and undcr no CIlCUffi'ltnnces It. tu be n IIfTc. to sell 01 n sollcltl\tlon to buy Bny securities referled to herem. The InformallOn con tamed herein 1; not .unrlwtced \; ttl nCCUHICY or and the fUI nj!lhmg thcleor l!\ not, and under no eircumttnnces IS to be construed as, a representatIOn by Walston & Co. Inc All expre.lOns of opinion nfe subJect to chanJt'! without ROtl('C. Wnblnn & Co. Inc. and Officers, DlreetOlS, Stockholders and Employees thereof, purchase, sell and may have an inlerest In the securlt.. mentioned herem Th.'l! Hullchn IS and prC5ented merely as a genera). informal Commen. tary and not as a complete analYSIS AddItional mfurmntlOn With respect to Rny se('Ullheh ref('rred to herem Will be ftll nlshed upon request. Wit-! 16 go' . , ………… lil3itii.L …. , ' lUi ,a.. J