Tabell’s Market Letter – March 01, 1965

Walston &Co. INVESTMENT BANKERS MUTUAL FUNDS MUNICIPAL BONDS Members New York Stock Exchange. Chicago Board of Trade and Other Principal Stock and Commodity Exchanges OFFICES COAST TO COAST AND OVERSEAS EDMUND W. TABEll'S RECOMMENDED LIST Instead of Comments, this edition of our Recommended List gives long term technical upside objectives and indicated support levels in cases where such levels exist. An asterisk in the Upside Objective column indicates either that the objective is unclear, or that the stock has not yet broken out ofdts ,base formation. Amerada Amer. Can Gen'l Elec. Gulf Oil QUALITY & LONG TERM GROWTH Close Qual3/1/65 itl 79 1/8 A 42 7/8 B 98 1/2 A 56 1/4 A Upside SupObj. port 108-150 – 130 , 66-92 50-48 ClOr Qual3/1 65 ity Uo/bjs.ide Norfolk W. 132 1/2 A 155-170 Reynolds Tob. 40 1/8 A Royal Dutch 46 7/8 A 52-86 Support 125 41-39 PRICE APPRECIATION Close Qual- 3/1/65 J!L Amer. Met.Pr 25 7/8 B Atchison Top. 33 1/8 A- Beaunit Corp. 40 B Cenco Inst. 32 1/2 B Clark Equip. 55 3/4 A- Clevite 45 1/8 B Cluett, Peab. 68 5/8 B Copperweld S. 60 B Crowell CoIL 30 5/8 B Denver, R. G. 20 3/8 B Disney, Walt 56 3/4 B Eaton Mfg. 46 1/2 B Elec. Stor. B 48 1/2 A- El Paso NG. 22 1/8 B First Charter 21 3/4 Fruehauf 32 7/8 B Gen'l Dyn. 39 Hewlett Pack. 27 1/4 B Illinois Cent. 51 3/8 B Int. Min. Chem.53 1/4 A- Kansas City S 41 3/4 A- Koppers Co 63 3/4 B Korvette,E. J. 40 1/8 B Litton Ind. 87 5/8 B Upside SupObj. port 29-36 22 '0 28 57-60 42 60-84 57-100 92 67-63 70-94 45-58 26 28-43 65-100 78 40-36 56-80 25-34 – 56-84 78-114 – 40 80-100 60-80 34 96-128 LOW-PRICED Close Qual- 3/1/65 Lykes Bros. 22 B McDermott 42 1/8 B McGraw Ed. 61 A- MGM 43 1/8 Metromedia 41 3/4 B Midland-Ross 43 B Newmont M 47 3/8 A- No. Amer.Car 31 3/4 A Rayonier 42 5/8 B Raytheon 23 7/8 Reynolds Met. 37 3/4 B Riegel Paper 22 3/8 B Schlumberger 76 1/4 A Scoville Mfg. 47 3/4 B Shell Oil 61 5/8 A Signode Corp 28 3/4 A- Southern Rwy. 57 B Spartans Ind. 237/8 Stevens, J. p, 47 1/8 B Storer Broad. 49 B Sundstrand 22 1/8 B Swingline A. 43 3/4 B United Fruit 16 7/8 B Vornado 38 1/8 Upside Obj. 32-60 48-80 70-80 64 44-52 62 53-60 36-38 51-80 25-40 90-130 65 64-120 33-50 77-104 27-36 52-75 54-70 50-70 54 Support 26 20 70-65 54-50 53-50 45 SPECULA TIVE Close Qual- Upside Sup- 3/1/65 ObJ. port Amer. Radiator 20 7/8 Audio Devices 10 3/8 Camp. Chib. 4 Foote Mineral 19 5/8 B B- B 22-29 15 Gt. West Fin. 10 7/8 Intern'l Pack. 13 1/4 Mesabi Trust 14 B 22 Microwave 9 5/8 B Close Qual- 3/1/65 ity Mohasco 17 1/4 B National Can 19 1/2 B Pacific Pete 10 3/4 B- Sbd. W. Air. 8 1/4 C Sperry Rand 15 1/8 B Univ. Match 17 5/8 B Varian Assoc. 15 3/4 B Vulcan Mat. 18 3/4 B Upside Obj, 14-20 28 Support March 1, 1965 Thib Bulletin IS nut. IIndl1mlC'r nu 'III ,., 11 I,c ('ot1strucd , lin lTl'! to lell 01 II SOILl.t.lllUll to buy IIny SeCIJlltlCS nrcncd to herein The informatIOn con tained hereIn 1'1 not til acruracy 'II C'unlpktcnl.,,, j,Ilii the rm flIbhlng thclcor 1I0t, and under 110 CIrcumstance IS to be construed abo a representatIon by & e, Inc All of opinIOn ale to chanl-(C wlthnut nlltll'(' Walbtn & Co, Inc, and Qfflccrs, Directors, Swckholders and Employees thereof 11Ulchnbe. ;(1\ and nlOY have l'\ll mtl're.t In til(' ;(!Cuntles mentume,1 herein Thl' Bulletm IS Intended and presented merely as mtormal commen- tary lind not. a … n rompiete analYSIS AddllionallnfurmntlOn WIth respC't to RllY ,,('('lllllle… lefened to herein WIll be ftlllushed request WN-916