College Investments

Colleges, like widowed ladies, are considered conservative investors. Just how conservative was apparent in an analysis published last week by Wood, Struthers & Co. The following portfolio represents 74% of the combined investments of all U. S. colleges and universities with more than $5,000,000 in assets: Real Estate $146,931,510 27.4%

Public Utilities 125,646,750 23.4

Railroads 99,586,800 18.5

Industrials 87,779,010 16.4

Miscellaneous 30,907,910 5.8

U. S. Governments 17,757,150 3.3

Foreign Bonds 13,274,240 2.5

Bank & Insurance. 9,698,160 1.8

U. S. Municipals 5,024,560 0.9

$536,606,090 100.0%

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