The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1916-01-07

I
backs OF the taxpayers.
Prosperity is written in letters oil
gold across this country's financial
record In 1915. Uncle Sam has al
most a half billion dollars more OF
foreign gold that he had year ago.
American merchants have sold more
goods abroad than ever before. The
greatest external loan in history,
the Anglo-Frcnch loan. was floatcd
in 1915. The market value oil
American securities appreciated
something like two billion dollars
in the IL months. National banks
have bigger deposits end larger re-
serves than at any time since TINS
country was founded. A wave or
speculation swept the country ana
permitted the New York Stock Ex-
change to close 1915 with boom as
oxplosively bright rs the years be-
ginning was dull Unsmirched by
the failure of single member, the
1915 record OF the New York Ex-
change is crowded with stories or
newly made millionaires and spr1nk-
led with fifty million-share trading
days.
More than 160,000.000 shares OF
stocks were traded in during the
year, representing an aggregate
value of more than fourteen billion
dollars; and nearly nine hundred
millions worth of bonds. In 1914,
only 4S,031,S33 shares changed
hands, representing less than four
billion dollars; and the bond bush
ness was only s44O,43S,600. The
=. war caused the stock exchange to
close four months in 1914, which
partly explains the comparatively
snail business. From the dark.
uncertain days of early January,
1915, with minimum prices and
other war restrictions, business in
the worlds biggest stock market
gradually developed until million
share trading days became almost
common. There were fifty of these
million share days in 1918, only
two in 1914, none in 1913 and II
| ir 1911. There were fifty in 1909.
In January, 1915, only about four
million shares were dealt in; in
October almost thirty million shares
changed hands. Many days in the
latter part of the year were almost
million share days; that is, when
| business ran well over nine hundred
| thousand shares. Minimum price,;
were abolished April 1 and from
then on the market doomed.
The war babies and war bride
! stocks of companies manufacturing
war supplies for the belligerent
countries furnished more spectacu-
1 lar fireworks in 1915 than Wall
! Street had witnessed since 1901,
j. j. Hill and E. II. Hartman sent
the market into commissions by their
| fight to buy control of the Northern
! Pacific railroGd in the open market.
Bethlehem Steel's unrivalcd jump
from SAP to 5000 a share, closely
t,ailed by General Motors advance
from $50 to $40 and T. S. Steel's
rise of 81 points are few of the
high spots in the years boom marx
ct.
electric. steel and equipment and in
d-strial securities, appreciated just
$570, 665,62S in year. The aggre-
gate appreciation of ell stocks and
bonds on the New York exchange is
near $4,000, 100000. U. S. Steel in
creased a hundred and fifty million
in value and Bethlehem Steel, about
| SIS, 100000. The steel corpora
J ton has more than five million
shares of common stock issued while
| Bethlehem steel has less than 150,-
GOO shares outstanding. General
Motors common increased $4,000
| 600 in value. General Electric, S36,-
500, 1896; Willys-Oyerland, $32,S00,-
| 000; American Can, s14,960, zoe
and Crucihle Steel. $14,747,000.
What the war orders received by
! these automobile and equipment
companies totol never has been dis
! plcSad hnt thav RIM hirb into too
hundreds of millions. A company
whose stock is selling on the New
I York curb market, Submarine scat,
received over 1925, 100000 of Euro
pCan war orders. What the figures
ere for orders placed with Bethle-
hem Steel, Westinghouse, Crucible
| Steel and the steel corporation can
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