Tabell’s Market Letter – November 19, 1969

Walston &- Co. Inc Members New York Stock Exchange and Other Principal Stock and Commodity Exchanges OVER 100 OFFICES COAST TO COAST AND OVERSEAS Fu.-c.. lABEll'S RECOMMENDED LlSl November 19, 1969 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. QUALITY & LONG-TERM GROWTH Close Qual- Upside 11/18/69 . ity Obj. Address.Multi. 66 1/4 A 94-112 Alum.Co.Amer. 73 3/4 B 82-84 Amer.Tel & T 53 1/8 A 60-67 Boston Edison 32 3/4 A 62-80 Caterpillar Tr 42 3/4 A 51-64 Del Monte 29 3/4 A 35-50 Fed.Dept. St 38 1/2 A 49-53 Int.Bus.Mach. 363 1/4 A 450 Intern'l Paper 41 A- 46-60 Jewel Cos. 50 1/2 A 64-80 Johns Manville 33 A 46-57 Sup- 60 67-65 50-48 32 37 23 30 325 35 47-44 26 Close Merck 1071/4 Natl Cash 143 Nevada Pr 43 5/8 Parke Dav. 35 Phillips P 26 Radio Corp 40 Rey.Tob. 485/8 Royal Dutch441/2 Sears Roe. 69 1/2 Sup. Oil 158 Union Carbo 40 5/8 Qual- Upside Sup- Rort A 116-136 96-90 A 175 138-128 B 68 39-36 B 50-60 32-28 A 37-43 23 A- 47-62 36 A 76 45 A 62-68 40 A 102 62-56 A- 195 140 A 50-63 40 PRICE APPRECIA TION Close Qual- 11/18/69 ity Amer.Dist. 215/8 B – Amer-Mach.F.-ill/2 B Arvin Ind. 26 1/4 B Atlas Chern. 23 1/8 B Cenco Instrum. 453/8 B Chic. Mus. Ind 30 B Clark Equip. 35 A- Copperweld St 18 7/8 B Dan River Mills 141/4 B Dart Ind. 53 1/2 A- Faberge 375/8 B First Chart. Fin. 411/4 Grolier,Inc 323/4 B Ingersoll Rand 41 5/8 A- Koppers Co. 41 1/8 B Upside Obj. 42-47 27-37 34-50 38-50 52-56 38-45 46 46 22-36 68-78 55-60 60-80 43 53-78 60-68 Sup- Close port 11/18/69 19 McNeil Corp. 17 3/4 19'—'M-edusaP.C-30 22-18 Mesabi Tr. 9 17 Pittston 67 3/4 40-38 Rep. Steel 37 1/4 28-24 Reynolds M.353/8 29 Robt. Cont. 40 1/8 14 Seab. Coast 1. 38 1/2 10 Stokely V.C.31 3/4 46-42 Sub. Prop.G. 33 1/2 33-27 Texas Inst. 119 1/2 43-37 Union Camp. 33 30-26 Vornado 22 1/4 39 West. Union 481/2 38-35 Quality B A- B B B- B B B A- B B B Upside SupObj. port 23-32 15 4058 24–16-22 8 75-90 64-60 45-62 34-28 42-71 30 52 33-30 48-55 39-34 44-56 26-22 40-54 29-26 165-180 90 46-74 28 29-40 18 70-79 44 SPECULATIVE PRICE APPRECIATION Close Qual11/18/69 ity Allied Supermkts.14 5/8 Amer .Motors 10 7/8 Camp. Chiboug. 11 5/8 Comp.Sciences 30 1/4 Dixilyn Corp. 24 7/8 Gibraltar Fin. 32 1/2 Gt. West Fin. 25 1/4 B B B Upside SupObj. port 22-33 24 20-26 40-43 30-4846-58 40-60 10 8 10 24 19 28-26 20-18 Close Qual11/18/69 ity Kysor Ind. 27 7/8 Macke Co. 18 3/4 Mesa Pete. 44 1/4 Pacific Pete. 27 5/8 Penn Central 323/4 Technicolor 23 7/8 Tishman R. 25 5/8 B B B B B Upside Obj. 36-52 26-47 60-73 43-51 62-104 40 45-58 Support 24 15 41-38 25 27 18 21 Anthony W. Tabell Walston & Co. Inc. This Bulletm lS llUbhshl.!d fot your ('onvefilt'OU' .)fi' Info mlilion …. nd IS not .n OtT('1 to or a SOlICit ItLnn to buy an) b('CUfltlCS ,hsCI\s,c,! The )nformatwn wns oht!\lncd (lorn we ldlLVt to I leh,\ble, hut Wt rio not gU.l.r.lnltL' Its ,\ClUIII'Y, \V….lbton &, Co, Inr an,l officel. tillc'torR 01 may hElve an Interesllfi or llUlrhllb' an.l bell the IdellL'i1 to helt'ln WN-916