SOURCES OF BROKERS’ FUNDS 
BILLIONS 
oF & 
5 
f 
» 
Ny 
£ 
{ 
KR 
1.0 
3 5 
30 
> 8 
2 0 
].5§ 
YM 
rm a 
]. r 
3. X 
1926 
1927 
1908 
1929 
~o 
. 
: 3% 
fe 
CHART 25.~—The long bull market was largely sustained by the 
Dew banking business improvised by “others,” chiefly corporations 
that had piled up loanable funds out of earnings or the proceeds of 
[EW Security issues. 
2A