The work of the Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

546 1928, President E. H. H. Simmons again urged an enlarged member- ship, and subsequently a Special Committee of Governors devised the 25% plan which was adopted by the Governing Committee January 24, 1929, and was then ratified by vote of the existing Exchange mem- bership and became effective February #7, 1929. APPENDIX (111d) Information as to the total amounts and values of securities listed on the New York Stock Exchange prior to January 1, 1925, can only be obtained from the unofficial quotation sheets issued daily by the publishing house of F. E. Fitch & Co., New York City. On and after January 1, 1925, the Statistical Department of the Exchange has regularly computed the total nominal amount and market value of listed securities as of the beginning of each month; these statistics are made available as soon as completed by release to the press, and are summarized on an annual basis in each annual Presi- dent’s Report. For the first of each year, these official statistics have been as follows: Bonbps Par Value $34,445,534,672 $36,995,089,533 $37,900,053,650 $36,881,320,122 $48,588,549,854 $49,058,099,434 Stocks Number of Shares Market Value 433,293,513 $27,069,975,482 491,615,837 $34,489,227, 125 585,641,222 $38,376,162,138 654,999,126 €49,736,350,946 757,301,677 ¥7,472,053,300 ee neunrnsy 1,127,682,468 $64,707,878,131 *Increase primarily due to listing of approximately $12,000,000,000 British Gov- ernment sterling war bonds. Market Value $33,599,231,396 $35,509,211,458 $37,167,607 ,468 £36,874,717,458 $47,379,028, 502 $46 ,802,458,780 These listing statistics are of course basic in any statistical con- sideration of Stock Exchange growth in respect to volume of sales, clearances, members’ collateral borrowings, etc. They also furnish the most comprehensive available index numbers as to prices of securities listed on the New York Stock Exchange; such index numbers are obtained as of the first of each month for bonds, by dividing total par value into total market value, and for stocks by dividing total number of shares into their total market value. This index is of course “weighted” by the respective size of each listed issue—that is, a stock issue of 2,000,000 shares is twice as valent as one of 1,000,000 shares, etc. Owing to stock dividends, “split-ups,” and similar changes in a

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