Last week a study of the 1931 portfolios of 85 investment trusts of the management type revealed: i) Union Pacific has replaced New York Central as favorite railroad. 2) Consolidated Gas of N. Y. appears more times than any other stock, displacing American Telephone & Telegraph which is now second. 3) National Dairy Products and General Motors are tied for third. 4) General Electric is again leading heavy industrial after having yielded that position in 1930 to U. S. Steel. Interesting comparisons were that International Nickel is more popular now than American Smelting;...
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