Tabell’s Market Letter – July 16, 1964

W—a-lsltnocn.&–C-o-. Members New York Stock Exchange NEW YORK SAN FRANCISCO LOS ANGELES PHILADELPHIA CHICAGO OFFICES COAST TO COAST AND OVERSEAS EDMUND W. TABELl'S RECOMMENDED LIST QUALITY & LONG TERM GROWTH Close 9/15/64 Amerada 80 American Can 44 1/2 General Elec. 87 5/S Gulf Oil 57 3/8 Norfolk & West. 1291/2 Qual- J!L Comment A Buy on dips Bf- Buy A Buy on dips A Buy on dips A Buy on dips Close 9/15/64 Penney, JC 59 5/8 Reynolds Tab. 45 Royal Dutch 45 1/8 Std. Oil NJ 86 Qual- A A A A Comment Hold for 65 Buy on dips Buy on dips Hold PRICE APPRECIATION Close Qual- 9/15/64 Atchison, Top. 33 1f 4 A- Beaunit Corp. 32 3/4 B Clark Equip. 54 5/8 A- Clevite 443/4 B Cluett, Peabody 54 3/8 B Consol. Coal 52 3/4 A- Copperweld Steel 58 1/4 B Crowell Collier 24 1/2 B Denver, Rio G 21 1/4 B Disney, Walt 45 B Eaton Mfg. 46 7/8 B First Charter F 30 Fruehauf Trail. 33 3/8 B Gen'l Dynamics 34 7/8 Illinois Central 62 3/4 B Inte rn 'I Min. Chern. 71 1/4 A- Kansas City So. 45 1/4 A- Koppers Co. 47 3/4 B Korvette, E. J. 34 3/8 B McDermott, J ..R. 32 1/4 B Comment Buy on dips Buy Sell at 60 Buy Buy Buy at 50-45 Buy on dips Buy Buy on dips Buy on dips Buy on dips Buy on dips Buy on dips Buy Buy on dips Buy at 70-65 Buy Buy Hold Buy on dips Close Qual- 9/15/64 Metromedia 38 5/S B Midland Ross 40 3/4 B Newmont Min. 45 1/2 A- N.Amer. Car 31 7/8 A Penn. R. R. 38 3/8 B- Rayonier 37 B Reynolds Met. 33 5/8 B Riegel Paper 41 1/2 B Schlumbe rger 71 A Scoville Mfg 37 1/8 B Shell Oil 49 3/4 A Southern Rwy 64 1/4 B Stevens, J. P. 42 3/8 B Storer Broad. 49 1/2 B Sundstrand 22 B Swingline A 37 5/8 B United Fruit 21 3/4 B U. S. Plywood 38 3/4 A- Varnado, Inc. 30 1/4 Comment Buy on dips Buy on dips Buy on dips Buy Buy on dips Buy on dips Buy on dips Buy at 40-35 Buy Buy Buy on dips Buy on dips Buy on dips Buy on dips Buy Buy Buy Buy on dips Buy on dips LOW-PRICED SPEC ULA TIVE Close Qual- 9/15/64 ity Comment Amer. Metal Pro 22 B Buy on dips Amer. Radiator 22 1/8 B Buy on dips Audio Devices 9 3/8 B- Hold Braniff Airways 22 1/8 B Hold Campbell Chib. 4 3/8 Buyas Spec. EI Paso Nat! Gas 21 1/4 B Hold Foote Mineral 16 1/2 B Buy on dips Gr. West Financial 12 5/8 Buy on dips Hewlett Packard 19 1/8 B Buy on dips Intern'l Packers 11 7/8 B Hold Mesabi Trust 15 1/4 Buy for inc. Close Qual- 9/15/64 !!L Microwave 9 1/2 B Mohasco 14 B National Can 18 B- Pacific Pete 11 3/4 B- Raytheon 23 3/8 Reeves Bros. 17 3/4 B Seaboard W.Air. 65/8 C Sperry Rand 14 B Univ. Match 14 3/4 B Varian Assoc. 13 3/4 B Vulcan Mat. 16 3/8 B Comment Buy Buy Buy Buy Buy Hold for 26 Hold Hold Buy Hold Buy American Home Products (661/8), duPont (272), Kerr McGee (475/8), Pure Oil (62 3/4) and Universal Oil Products (31 1/2) have been dropped from the Recommended List since the list of July 16, 1964. Crowell Collier, General Dynamics, Koppers Company, Metromedia and Shell Oil have been adred. September 16, 1964 ThiS Bulletm IS not, and under no cllcumslnnccs is to be construed as, an ofTet to sell 01 B l'iohcilntlOn to buy any securities refcned to herein. The Information con tained herem by Wlliston & IeS lnl,otIn/,cuoA.rlalnteeu A'l to or Rnd the furnihlnJ. I.'! not, 8.nd under no circumstances 18 to be construed 811, a representation of opinion are subject to Without notice Wal!ton & Co. Inc, and Officers, D.rectors. Stockholders and Employees thercof, purchase. sell and may hale an mterest In the SecUrities mentIOned herem This Bulletin IS Intended nnd presented merely as a general. Informal commen- tary and not DS II. complete analYSIS Additional informatIOn With respect to any referred to herem Will be rurmshed opon request. WN-916