The Stock Exchange from WithinVan Antwerp, William C. (William Clarkson)
History
The Stock Exchange from Within
Van Antwerp, William C. (William Clarkson)
New York Stock Exchange; Stock exchanges
It is the largest and most varied list of securities in the world. The
price of a single copy is sixpence; it is published by the trustees
and managers, under the authority of the committee. Not the least
interesting feature of the List is its continued expansion in the
last half-century. Up to the year 1867 one page sufficed, then four
till 1889, eight till 1900, twelve till 1902, and sixteen thereafter,
this expansion closely following the nominal value of the securities
quoted, which were £5,480,000,000 in 1885 and £10,200,000,000 in 1909.
The latter figure is about equal to the combined nominal capital value
of the securities quoted on the Paris Bourse and the New York Stock
Exchange. In 1907 the total number of bonds then listed on the New York
Stock Exchange was 1100, and the total number of stocks 502, these
together representing a total par value of $21,079,620,430. In 1912
this total amounted to 1,028 bonds and 555 stocks, with an aggregate
par value of $26,243,291,803.
The London List is conveniently divided into thirty-eight different
classes, among them British Funds, Corporation and County Stocks of
the United Kingdom, Public Boards, Colonial and Provincial Government
Securities, Indian and Colonial and Provincial Government Securities,
Indian and Colonial Corporation Stocks, Foreign Corporation Stocks and
Bonds, Ordinary Shares and Stocks of English Railways, Railways leased
at fixed rentals, Railway Debenture Stocks and Guaranteed Stocks and
Shares, together with preference shares, Indian Railways, Indian Native
Raj and Zemindary loans, Railways in British possessions, American
Railroad Stocks and Bonds, Securities of Foreign Railways, Banks and
Discount Companies, Breweries and Distilleries, Canals and Docks,
Miscellaneous Commercial and Industrial Companies, Electric Lighting
and Power Companies, Financial, Land, and Investment Companies,
Financial Trusts, Gas Companies, Insurance Companies, Iron, Coal, and
Steel Companies, Mines, Nitrates, Shipping, Tea, Coffee and Rubber,
Telegraphs and Telephones, Tramways and Omnibus, and Water Works.
Of these the Commercial and Industrial Companies List is by far the
largest, covering three pages.
Public-domain text, read in full here on John Shaqi.
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