Tabell’s Market Letter – October 04, 1967

Tabell’s Market Letter – October 04, 1967

Tabell's Market Letter - October 04, 1967
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W—-a–l-s-tIonnc–&—-C–o-. MUNICIPAL BONDS UNDERWRITERS MUTUAL fUNDS Members New York Stock Exchange and Other Principal Stock and Commodity Exchanges F/LE OFFICES COAST TO COAST AND OVERSEAS TABEll'S RECOMMENDED LIST October 4, 1967 This edition of our Recommended List gives long-term technical upside objectives, plus indicated'support levels-or 'shorter-term downside objectives. In all cases, we believe the stock would be attractive for purchase at the levels given in the support column. An asterisk in the Upside Objective column indicates that either the objective is unclear, or that the stock has not yet broken out of its base formation. QUALITY & LONG TERM GROWTH Close Qual- Upside Sup1Q/3/67 ity .. Qgj. post Alum.Co.Amer. 85 B 110-190 80-75 Amerada 83 7/8 A 110-136 80-76 Amer. T&T Borden Co 52 1/4 A 37 5/8 A 52-50 60-75 36-32 Caterpillar 46 3/4 A 68 46-42 Colgate Palm. 42 1/2 A- 52 38 Columbia B. S. 61 7/8 A 84 58 Cont'l Ins. 82 3/8 108 80 Cont'lOil 79 A 91-13070 Del Monte 35 1/2 A 60 34-30 Goodyear — Close 10/3/67 Q3ual- -UOpsbijd. e 48 1/2 A 82 Gulf Oil 71 7/8 A 78-92 Int'l Paper Kellogg 27 1/4 41 3/8 A- Ai- 63-82 Lorillard 50 3/8 A- 98 Nat'l CashR. 112 1/4 A 180 Parke Davis 31 1/2 Phillips Pete 61 A A 120 Radio Corp. 61 1/4 A- 76-98 Reynolds Tob. 39 1/2 A 74-124 Royal Dutch 445/8 A 86 PRICE APPRECIATION Adams Millis 85 B 75-65 Air Reduction 36 3/4 A- 55-70 35-32 Allegheny Lud. 73 1/2 A- 102 70-65 Amer. Bakeries 28 1/2 B 44-59 27-24 -Kmer;Ma-ch;-F- 22-3i4–BT- . Amer. Potash 45 3/8 B 48-60 40 Ampex Corp. 37 B- 55-74 34-30 Anaconda 49 1/2 B 72-83 46-42 Anchor Hock. 441/4 A 68-90 40 Bulova 32 B 60 26-22 Cincin. Mill. 60 5/8 B Commonw'th Oil 28 5/8 – 75 46 60 26-24 Comsat 56 104 55-50 Copperweld Steel 25 B 54 24-23 Diners Club 36 5/8 B 54 30 Dresser Ind. 37 B 57 35 Eagle Picher 41 3/8 B 60 35 Eaton Y & T 34 1/2 B 49 28-26 Ex-Cell-O 73 3/8 A 90 65-60 Gen'l Dynamics 62 1/2 92 56 Gillette Co 59 1/2 A- 80 56-54 Gt. North. -Paper-4t3/8 B' Xl90 .m 40-36 Kelsey- Hayes 441/4 B 54 40-36 Koppers Co 37 3/4 B 62 35 McNeil Corp 35 B 62 33-30 Mead John. 35 1/4 B 31-28 8——- -1-2- Olin Math. 78 1/2 B 130 70 Republic Steel 47 B 70-10646-42 Revlon 70 1/2 A- 100 65 Reynolds Met. 50 5/8 B 94 48-46 Riegel Paper 21 1/8 B 34 17 Robt.Controls 39 1/2 B 58 35-33 Schlumberger 73 A 74-110 70-65 Scovill Mfg. 41 B 88 38-34 Seaboard C.L. 64 B 84 62-57 Sharon Steel 35 1/4 B- 70 30 Shell Oil 70 A 120 66-60 Signode Corp. 41 3/8 A- 50 36 Tektronix,Inc. 543/4 66 46-44 Union Camp 36 1/2 B 92 36 United Fruit 52 B 70 50-45 Vornado 29 1/2 45 28-24 Wallace & T. 46 A- 63 15 SPECULATIVE PRICE APPRECIATION Allied Supermkis. 21 7/8 B Camp. Chib. 8 1/16 Chris-Craft 343/4 B Home Oil A 22 5/8 B Microwave 42 7/8 B National Can 35 5/8 B Pacific Pete 18 1/4 B 34 16 46-68 34 50-72 52 30 18-16 8-6 32 19-16 40-35 35-33 14 Penn R. R. 62 3/8 Syntex 85 1/8 Technicolor 243/4 UMC Ind 24 Varian Assoc. 36 3/4 Victoreen 16 1/8 Vulcan Mat. 21 1/4 B- 82-120 58-53 150 80-70 B 58 23-20 B 58 20-17 B 58-84 36-30 C 20-38 14-12 B 37 20-18 Anthony W. Tabell Walston & Co. Inc. ThiS Bulletin IS pubhshcd for you I convenH… 111'1(1 mrormnhon .tnd 15 not Itn offer to or a WJ\S obuuned from source.. we h, III VL' to I P'I Ible. but we 110 not gU.-\fant..,l Its Rt'('UI ,H'Y have Rn mterest In or IlurdlllSC Hnd bell the bt'curlties rdcned to herem to buy Rny sccuntu!s du;cussed The InformatIOn & Co. Inr. lind Its offirers. rhrcclorH or employees may WH-916

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