Business: Good Buys, But.. .

Trooping through The Netherlands last week went 78 American tourists whom most European businessmen were particularly anxious to impress. The tourists were all members of the New York Society of Security Analysts on a field trip to see whether European securities are a good buy. Conclusion after touring 37 companies in five countries: definitely but for sophisticated investors.

U.S. investors have been stepping up their buying of European securities for the past six months. The largest single stock purchase by 26 major U.S. funds in the fourth quarter of 1958 was the holding company...

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