Tabell’s Market Letter – January 08, 1969

Walston &Co.Inc Members New York Stock Exchange and Other Principal Stock and Commodity Exchange. OVU 100 OFFICES COAST 10 COAST AND OVERSEA.S TABELL'S RECOMMENDED LIST January 8, 1969 This edition of our Recommended List tallies the price performance of all recom- mended stocks over the the list is divided into three categories. Quality and Long-Term Growth, PriCe Appreciation, and Speculative Price Appreciation. Included at the bottom of the tabulation after each category are all stocks removed from the list during the year 1968. The list, therefore, covers all stocks on our Recommended List a year ago, and all those recommended during the year. In addition, the performance of stocks removed between 1965 and 1967 is averaged at the bottom of each list. . The first't';o colurrms show' the recomn;endatl.ondate andprice.-In cases where the recommendation took place before December 31,1964, this is used as a base date. The third column shows the price on December 31, 1968, or on the date removed if the stock is not now on the list. The fourth column shows the percentage change, and the fifth column shows the percentage change in the Dow-Jones Industrials during the same time period. The tabulation speaks for itself. The stocks in the Quality and Long-Term Growth section of the list show an average rise of 15.80/0 vs. an average rise of 5.9 in the DowJones Industrials. The stocks in the Price Appreciation section show an average gain of 380/. vs. a 4. 7 gain in the Dow, and in the Speculative Price Appreciation section, the average gain is 67.6 vs. a 5.9 gain for the Dow. These summaries are, of course, not meant to impl)' that such results could have been obtained by purchase of issues in the Recommended List, or that similar results will ,, be obtained by purchase in the future. Commissions are, of course, not included. QUALITY & LONG TERM GROWTH Price as Price of date 12/31/68 Date Recom- or date……-c ….. Change DJIA same Time Recom. mended Removed Change Period Alum, Co, Amer. 5/3/65 71 7/8 73 2 7 2 Amerada 8/16/67 80 113 1/4 42 3 Amer.T & T 9/7/65 67 53 -21 4 Borden Co. 9/8/67 38 1/2 34 2/8 -11 4 Caterpillar Tr. 9/8/67 47 43 5/8 – 8 4 Colgate Palm. 3/17/67 29 3/4 49 1/4 66 9 Cont'lOil 3/17/67 68 3/4 79 15 9 Del Monte 9/8/67 34 3/4 Fed. Dept. St. 11/17/67 35 Goodyear Tire 6/17/66 51 35 1/2 2 35 1/4 56 10 4 10 6 Intern'l Paper 6/29/65 31 37 5/8 21 12 Kellogg Co 9/8/67 38 5/8 41 1/2 7 4 Nat'l Dairy 2/2/68 37 1/4 42 5/8 14 9 Parke Davis 4/22/66 36 1/2 29 1/2 -19 -1 Phillips Pete 3/17/67 55 75 1/4 37 9 Radio Corp. 9/8/67 56 5/8 Reynolds Tob. 12/31/64 38 1/8 Royal Dutch 12/31/64 32 5/8 46 1/4 46 3/8 22 50 5/8 36 4 8 – 8 U. S. Gypsum 9/6/68 87 7/8 82 1/4 – 6 2 —— – -Current Comment Buy. Hold. Buy on Dips. Buy on Dips. Buy. Hold. Buy on Dips. Buy on Dips. Hold. Buy for 82 . Buy on Dips. Buy. Buy on Dips. Hold. Buy for 110-124. Buy on Dips. Buy on Dips. Buy for 90. Buy on Dips. – Columbia Broad. 11/18/66 57 Cont'l Ins. 3/17/67 79 3/8 Gulf Oil 12/31/64 58 1/2 Lorillard 9/8/67 51 1/2 Natl Cash Reg. 5/21/65 88 3/8 Stocks Removed, 1965-67 (six) AVERAGE 58 5/8 131 82 3/4 67 5/8 137 3/4 3 6'5 42 31 55 15.0 15.8 14 10 9 5 3 4.1 5.9 Removed 5/3/68. Removed 10/4/68. Removed 10/4/68. Removed 10/4/68 Removed 10/4/68 This Bulletin ill Iluhhshcd for your eOn\'(.ntlnre ,md mformabon !tnd IS not an ofTer to '1(.1 or R SlJlLcltn.tlQn to bu nny sccuntws The mformatlon was obuuned from sources Vol' to h, Icllllhie. but …. do not ltutlrantCt Its Recurney Walston & Co 1m. and lt'l officers. dlTcctors or employees may hAve An mterest In or purchase Rn.1 hCt! the lIecuntu.'s rl.!Cl red to henm ..- – – .- -.