08 THE WORK OF THE STOCK EXCHANGE

4 and 5). Here the applicant for listing must state the number
of shares held in blocks of different sizes, and also the number
of shares held by the ten largest stockholders of record. It is

me (Company)

Distribution ¢.

No. of Holders

Holding
up to $5000
$5001-10000
10001-20000
20001-30000
30001-40000
40001-50000

Bonds on_

Amount

At -le— S— "rar

over $0000

—. Total number of holders

(To be made dut for each class of bonds applied for)

Figure 4. Bond Distribution Statement
To show distribution of a bond issue for which listing on the New York Stock
Exchange is sought

imperative for the establishment of a free and open market for
the new security, that not too much stock shall be held in large
blocks, or by too few shareholders. The Stock Exchange cares
nothing about who the shareholders are, and in fact will not