Tabell’s Market Letter – July 24, 1967

Walston &Co. /LE MUNICIPAL BONDS UNDERWRITERS MUTUAL FUNDS Members New York Stock Exchange and Other Principal Stock and Commodity Exchanges OFF-ICES COA5r TO COAST AND OVERSEAS TABELL'S RECOMMENDED LIST July 24, 1967 !hi.s edition of our Recommended List gives long-term technical upside objectives, plus mdlCated support levels or shorter-term downside objectives. In all cases, we believe the st.ock.would be attractive for purchase at the levels given in the support column. An astensk in the Upside Oqjective column indicates that either the objective is unclear, or that the stock has not yet broken out of its base formation. -. Close 7/21/67 Alum.Co.Amer. 84 5/8 Amer. Can 58 3/8 Amer T & T 53 Colgate Palm. 33 7/8 Columbia Broad.59 3/8 Cont'l Ins. 35 Cont'lOil 67 1/4 Goodyear Tire 48 Qual- B B A AA A A TERM GROWTH Upside SupObj port 110-190 80-75 77 55-50 41-52 52-50 32-30 84 58 108 80 91-130 62-58 82 44-42 Close 7/21/67 Gulf Oil 69 1/2 Int. Paper 29 1/2 Nat' Cash 102 Parke Davis 27 5/8 Phillips Pete 66 1/8 Reynolds Tob.42 1/2 Royal Dutch 36 7/8 Quality A AA A A A A Upside Obj. 78-92 180 120 74-124 86 Support 65-6 28-2 9026 60-56 40-38 32 PRICE APPREClATION Close Qual- Upside Sup- 7/21/67 Ob. port Adams- Millis 563/8 B '.' 52 Air.Reduction -.121L4 ..JD39 Allegheny Lud. 78 A- 102 56-54 Amer. Potash 47 1/2 B 48-60 46-42 Ampex 36 B- 55-74 34-30 Anchor Hock. 47 114 A 68-90 47-42 Cenco Instrum. 55 3/8 B 68 48-44 Cinn. Milling 67 3/4 B 75 60 Commonw'th Oil 26 3/8 46 24-22 Comsat 71 1/8 104 60-55 Copperweld Steel 28 1/4 B 54 25 Dresser Ind. 39 1/8 B 57 35 Eagle Picher 38 3/4 B 60 32-28 Eaton Yale T. 32 B 49 28-25 Ex-Cell-O 61 1/2 A 90 54-50 Gen'l Dynamics 75 92 66-63 Gillette 58 1/2 A- 80 56-54 Gr. North. Paper 48 B 90 40-36 Kelsey-Hayes 41 1/2 B 54 37-35 SPECULATIVE PRICE Close Qual- 7/21/67 ity Koppers Co 42 1/2 B Mead Johnson Upside Obj. 62 92 Support 35 31-28 Mesabi Trust 13 1 8 – Olin Mathieson 705/8 B Revlon 63 1/2 A- Reynolds Met, 53 B Riegel Paper 217/8 B Robt. Cont.r ols 331/4B Schlumberger 69 3/4 A Scovill Mfg. 43 B Seaboard C.L. 66 7/8 B Sharon Steel 33 7/8 B- Shell Oil 67 3/8 A Signode Corp 38 7/8 A- Tektronix 44 Union Camp 39 1/4 B United Fruit 48 B Wallace & Tier. 481/4- A- 80-130 100 94 34 58 74-110 88 84 70 75-120 50 66 92 70 63 12 65-60 55 48-46 17 32-28 68-64 38-34 62-57 30 66- 36-33 42-40 38-36 45-42 45 — —- ——-…- – —–.– APPREClA TION Camp. Chib. Chris-Craft Home Oil A Microwave National Can Pacific Pete. Close 7/21/67 9 1/2 35 1/8 22 7/8 35 37 3/4 16 1/4 Qual- B B B B B Upside SupObj port 16 8-6 46-68 32-27 34 19-16 40-72 32-27 52 32-27 30 14-12 Close Qual- 7/21/67 ity Syntex 82 Technicolor 32 1/8 B UMC Ind. 23 3/4 B Varian Assoc.37 1/2 B Victoreen 14 3/8 C Vulcan Mat. 22 7/8 B Upside Obj. 150 58 58 58-84 20-38 37 Support 80-70 27-24 20-17 36-30 14-12 20-18 Anthony W Tabell Walston & Co. Inc, This BuJlelln IS pubhshed lor )our .w,\ ,nfOlmallOn 110,1 If, not ,m off,r to ReI! or Il to 1m 'curlL1t'S rll'l'..tl;'Wd. Th (,CarnRtion Obuunl'(i from we 'Ill V\! to h. Ich'llJle. but WL tlo not gU-ll,mlec It,; -lCCUI,l!'V W.1b,ton &, Co. Ire and It., officers, (lLlcctors or CTYLpioecs tray have nil lIIlcrest In 01 ,Inti …ell th\ … rcicllc,j to helem. II.–S 16