Note 7 — Chapter I · THE FUNCTIONS OF THE STOCK EXCHANGE
Reading edition
Charles A. Conant, “The World’s Wealth in Negotiable Securities,” Atlantic Monthly, January, 1908, estimated the total American securities as of 1905, at $34,514,351,382. Since that time there has been added to the securities listed on the New York Stock Exchange alone, a total averaging about one billion dollars per annum. The total given above is, therefore, a conservative one, since I have added to Mr. Conant’s 1905 estimate only Stock Exchange additions, and have taken no account of the millions added by small corporations.