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