Abstract
SEVERAL MONTHS AGO I undertook to explore the fire and casualty company common stock buying potential before a group of our Philadelphia analysts. An estimate had attributed to various types of institutions an annual $900 million potential appetite for common stocks, and had assigned $250 million of that amount to the fire and casualty companies. My conclusion at the time, however, was that no immediate likelihood existed that the fire and casualty share of the appetite would be satisfied during the remainder of 1951. I may have been wrong, of course, for the market continued going up for the remainder of the year and then some!
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