(1) Economic history and its relation to stock trading in the automobile industry. (2) Securities of companies traded in on New York Stock Exchange. (a) Names of companies. (b) Amount of stocks and bonds outstanding. (c) Par value traded in during 1906-1909-1912-1916. (d) High and low prices—range of each class by chart. (e) Dividends or interest paid. (3) Securities of companies traded in on New York Curb Market 1906-1909-1912-1916. (a) Names of companies 1906-1909-1912-1916. (b) Amount of stocks and bonds outstanding 1906-1909-1912-1916. (c) Number of shares traded in during 1906-1909-1912-1916. (d) High and low prices—range of each class by chart. (4) Securities on various exchanges in other cities and data for 1916. (5) Principal companies whose securities are not generally traded in. (6) Some leading examples of prices and terms and promotion plans upon which securities were put out. (7) Newer entrants into the security market. (8) Security issues of tire companies. (9) Some leading examples of appreciation or depreciation in value of such stocks since they were put out. (10) General comparison with (a) Railroad securities. (b) Steel and iron. (c) General industrials. (d) Mining. (e) Chart illustrating above. (11) Present trend of values of (a) Automobile securities. (b) Automobile accessory securities. (c) Tire securities. (12) Possible future trend in automobile industry as a basis for the future outlook for 1917 on its securities. ECONOMIC HISTORY AND ITS RELATION TO STOCK TRADING IN THE AUTOMOBILE INDUSTRY. That it may be possible to comprehend the tendencies and probable trend of activity in the motor stock market, it will be necessary to look back at economic conditions which prevailed at the time of the automobile’s infancy, and at the conditions during various periods since then. No industry in our times has shown such phenomenal growth and in no country has its development been so marked or reached such proportions as in our own. In the earliest stage of the industry, the automobile was accepted as a fad, and it has been stated that the American people took hold of the fad as an intoxicant, paying as high as from $6,000 to $12,000 for a car, and reveled in all the natural resultant vices of extravagance, snobbishness, excess and carelessness. Houses were mortgaged and ruin was accomplished for many who paid high prices and then could not stand maintenance and repair cost. The relative effect on business then became apparent. Bankers protested and entered complaint against the automobile as a degenerating factor in life. Automobile manufacturers expanded lavishly, over-capitalized, undertook to effect great stock-jobbing consolidations, until conservative financiers took steps to stop the harmful waste and inflation and many bubbles burst.