The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1907-01-08

seats dlYia~gd earning OF Interest
BEARING poser Much ~ fbts wegtSgh
Nv material. wh.ie y certain isercea-
tage - 1t represents the appteeia.
ton of values. ar. for instance the
increase In fhe worth of zeal prop
erty. eneh az LANDS and batidings,
aaya the Se~ YORK Commercial Na
account IL taken ~ thv paper values
represented in the rise IN the quota
flona 81 various securities Where
these are involved th.y are pnt ca
par
~ tate the newly discovered mia.
ing properties hage added immense
~ to The wealth ~ the nation These
are divided into gold copper and
silver and represent millions ~ dol
lars. not In the value Of the aecuri-
ties issued against them, bu' In The
actual ore brought ou, or IN sight.
These securities have bcen listed on
the various exchanges 10 the cities
between tive oceans,
In abou, five years or less, The
par value ~ all the securities admit
ted TO the New York stock exchange
in it's listed and unlisted departments
| has increased over s. 900 600. or at
the rate of more than $1,000, 600 a
year what percentage of this Inn
mense total OF new certificates of
! ownership and Indebtedness has
been absorbed by the stock market
with the aid of the bank credits OF
| the country can not be known, but 1t
| is a large one. Then. there should
i be added the stupendous aggregate
of securities issued by mining, in
dustrial and other corporations not
entered at the New York stock en-
change, but which are traded in on
the "cnrbs'' in Broad street, Jersey
City. Boston, and elsewhere, or dealt
in at the minor exchanges and over
the counter
The total of listed stocks and
bonds on the New York stock ex-
change at the present time is sl9,-
100, 700, in round numbers,
and unlisted, 1875. 100000, a to-
tai of $20,375,0O0, 900. OF these the
railroads furnish by far the major
amount, the total being $5,2oo,ooo,-
600 in stocks and $6.1oO,ooo,o 200 In
| bonds in both listed and unlisted de-
| partments; next in value come the
manufacturing and lndustlal
stocks. aggregating 81 ,9oo,oo0;
bonds of foreign governments, near
Ilv $4,000, coo, 900. But $1,000, 900
I of no mi or
| States government are listed. These
| figures are staggering, but it should
! be remembered that the wealth of
! the United States has increased fully
| $40, 100000, 900 in the last five
| years. about % per cent. of which
/ is represented on the New York
| stock exchange.
This bewildering array of billions
can mean nothing to the average
mind except when regarded in the
! abstract. but in taking the greatness
of this country into consideration
one must think in thousands of mil
lions This is the richest nation on
the earth and must be viewed from
a distance to be appreciated. We
who live here can not be expected TO
appreciate what we have
But speaking of increases, per
haps these may serve better pur-
pose than the mere totals. The in
crease in railroad stocks alone in
five years is nearly 81, 900, 600
in manufacturing and industrial
stocks s2S5. 900; street rail
WAYS S251 900 900: coal and iron
stocks sSl. 100000 gas and electric
lighting stocks nearly 100000, 600;
city and county bonds 100000 600;
railroad bonds. 81 800, 0oo. 600
manufacturing and industrial bonds
s221 900 900: telegraph and tele-
lphone bonds So. 0oo,o00.
The increase in the aggregate OF
2 foreign government bonds admitted
to the New York stock exchange IN
: five years h. noteworthy. In 1902
2 for instance, tbo amount was but
tsl9o. 00o GOO cor SO. IN 1906 the ag
I srogate had grown 20 sec 600
, 600. an increase of 81 .6No.uuo
, Their" are now eight foreign gov
erumeuts whose securities ar" dvalt
BOO here This tends to illustrate fh'
. cosmopolitan nature uf our penpl'
and rhp market.
10 must ho borne iu mind that th'
0 1rsat promoting eu iu the United
f, States wac from INYs geo 1902. tne
A.. fhat fhlH $4,000 10000 IU" hss iakef
=. place since chem. This shows he un
'pfegrdeuted growth ut th" country
. 90 bas uysu Iihened ro thr erection o
% s LOFTS fuWrr upon fhv 'op of e. fai
-a..a,fapef Huf stru ar that. Nnef
p I.f Ia recalled thaf -hr salu in M" iisf
Iu~s Hf fhe Nrs Nork rtusA sx
- icHauae ls univ s part ot th" tpiAi is
b Hs - uex stoeks and bonds -ssm'
r conception may b" formed ~ sha
tbe money market has been oali@es
seq fshr care ~
a atrain& fast ls tHsi fhe lurfsas.
H~ars.