Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-11-16
EMAIL investor
HAS HIS INNINGS
llnprecedented Purchases Of
Stocks by People Of Only
Moderate Meansu
II MEANS MONETARY RELIEF.
Transfer Departments of Corporations
Arc Working nay and
Night &C.. go. o..

Sow York Nov. 15.--Ncver u
n. history OF wall street has there
bacn such enormous purchases Of Sc
entities by investors in ordered lots,
and thc transfer books Of railroad and
industrial interpretations show today a
woodworking number Of new share-
boIders The present low market
prieos OF standard securities is re-
saonslblc. The New York Central
railroad aud several other companies
report that the numbers OF their stock
holders have nearly doubled i'm the last
wear. The transfer departments Of all
corporations arc working day and night
To Keep up with their work. Where
"a transfer of stock is usually effected
IN two days delays Of week are nov
NOT uncommon.
THE distribution Of stock 20 people
of moderate means foretells certain
relief for the monetary situation, Tor
brokerage houses state today that these
purchases are made outright with cash
withdrawn from safety deposit vaults
on with certified checks. These sums
ranging ln amounts from 500 To $l0,-
OU0 in the aggregate total many
millions of dollars Bankers welcome
thc small investor. Cor his appear
ance betokens "a firm conviction that
the couury's industrial well-beiug VIII
BE- maintained. Secy Tumble of the
United States Steel corporation said to-
day.
Some two years ago it was decided
not 20 make public the number OF our
D. rHr..1. d
number OF investors iu small lots dur
ing the last month has been unprecc-
dcatcd. and our transfer force is strug-
CLING To- keep up with the work inn
Losed upon 81. AS lon 1908. there have
been. I believe heavy purchases of odr
securities by banking syndicates. both
here aud abroad. which hold them for
numerous investors whose names do
not appear on the steel corporations
books.
james L. Carter, who is i'm charge or
the transfers of j. +. Morgan Co.,
said today that purchases of small
amounts of stock was breaking an
records He added:
"With prices at bed rock. the small
investor has awaited himself OF rare
opportunity 90 invest his savings IN Sc
curities that win show n handsome re-
turn in the future. Our transfer de-
partment has an it can do 10 Keep up
with the press OF business. the num-
beer OF shareholders In railroads ana
industrial companies is increasing rap
idly. and as the movement progresses
stocks disappear from the market ana
find a. resting place i'm strong boxes.
AN the way from one 70 30 shares are
being purchased by tho ordinary buyer
"a feature of the small lot buying IL
Investment by women who never enter
ralst rl. 10 lowest
ehb. Whether it Is instinct or rare
Judgment that enables them to detect
The low ehb. 1 am unable to say, but
they are buying stocks now
The books Of the Pennsylvania rail-
road have just closed. and II h. esu-
mated that the number of shareholders
has reached $4,000, an increase OF sew
oIal thousand In the last year The
Pennsylvania Is said to be gaining on
an average of about 100 stockholders
day. Edward l. Rossitor, treasurer
Of tho New York Central railroad, said
that the stockholders now total about
1N.00o. and that in the last Ave weeks
over /. 500 new names have been placed
ou The company's books Comptrollcr
s;allup of the Atchison. Topeka a. santa
f'c said today that investors had como
-nto the market FOR Atchison stock in
such numbers that the compauy's trans
ger fCrcc was working into the night.
lie said that the buying Of odd small
cuautitiCs or stock came from every
cltl and hamlet throughout the United
States 10 is approXimated that In
tle last six weeks the number of stock
holders On the Northern Pacific has in-
creased nearly 5000, while Union aud
Southern Pacific huge each Increased
tncir number OF stockholders by sew
tIal thousand
A large brokerage house reports to-
4
ing received In quantities from all
over the country.