Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-19
WOMEN INCREASING.
GAINS IN BUSINESS.
Fair Sex Wins Success in
Wall Street and Indus.
trial Field.
BY I. A. FLEMING

During the last two years woman has
strengthened her position in Wall Street,
so that today she is not only welcomed
to brokers' Offices, generally speaking,
but even has through her patronage
von all the rights Of the customers, too
right to sit in the smoke and listen
to the gossip while she watches the
ticker or the blackboard.
Collectively she has made millions
and has come to believe the market
easy" to act independently. to study
statistics. taking full advantage Of the
various facilities offered by brokerage
| houses for the enlightenment OF
! traders.
They are seasoned customers" in
that they have ceased TO gloat over
their winnings, or to annoy their brokers
with their losses, with certain liking
for the coppers. high-grade rails and
the steels as we'll.
And why not? Women have the
wherewithal to follow their own sweet
will in their investments and specula-
tons for they own, according to the
latest statistics, Al per cent of all the
money in the United States. And at
the rate they are adding to their in
comes and principal it will not be many
years before they pass the nifty nifty
mark and 60 after more than their
shade.
Women break into an industry and
permit the bars to remain down that
thousands of their sisters may follow
the leaders and win full share OF the
employment therein.
The World War was great thing
for women in opening wide the avenues
toI r..
vantage of the shortage of young men
in very many lines of endeavor. Today
there are scores of women, hundreds of
them, in banks where before the war
there were very few.
In the training classes of the Ameri-
can Institute of Banking there are
thousands of young women seeking to
perfect themselves for something better,
some higher office with proportionately
better salary.
Heavy Taxpayers.
Women pay taxes on more than So
$50. 000, 900 income. Moreover, women
have accumulated and added to their
fortunes until in the count of million
aires they are practically equally as
numerous as are the men OF millions
incidentally reports appear In the press
almost daily Of attempts. frequently
successful. on the part OF women to
take cas- haway from unfortunate men.
Some Startling Statistics.
Study of the income taxes paid by
women to the Government the enor-
nous sums of ripening insurance poll
cies in which they are named as bere-
f1ciaries. the large holdings of bonds
and other securities held by the women
and their divergent interests in scores
of directions have furnished some star
Ting facts and figures.
A big New York and Chicago broker
age house has been checking up on
possibly by the increased security oper-
ations Of the sex. The result must have
decided the firm in question to make
all needed preparations that the in
vestment and speculative orders OF
women may be promptly catered to.
Big Owners of Stock.
Women are today the largest holders
of the stocks of great money making
corporations; they constitute "a per
cent of the buyers Of bonds and are
gradually becoming educated away
from the front-door salesman and his
questionable stuff.
Women are made beneficiaries of 10
per cent of the estates left by men: to
the number of 100000 they are en-
ployed at remunerative work; some
$4,000 women are listed as shareholders
in the great United States Steel Cor
poration; they also hold 5o4S per cent
of the capital stock of the Pennsylvania
company and have majority holding
likewise in National Biscuit, Westing-
house and other worthwhile corpora
tions.
A customers room has been opened
by large Wall Street house from which
the male is barred save for employees
only.
Each day tells its own story of the
passing of some man of moderate or
great means and the transfer by will
of wealth in greater or lesser amounts
from man to woman.
Our study" says the brokerage
firms report of research, "discloses the
fact that in New York 70 per cent of
estates left by men pass to women. and
that 81 per cent of women are willing
their estates TO other women"
On January l, 1929, life insurance
companies had in force S95 900 600, 900
life insurance for which women had
been named AS beneficiaries. Domestic
employees to the number OF 100000 are
listed as prospective investors and
traders in securities.
New York, PENNSYLVANIA. Illinois and
California are the leaders in the wom-
ems wealth, with the first named far in
the lead.
1t would seem that women had
worked out their own problems to date
with satisfaction to themselves. They
| have the vote" they have several
members in the House of Representa-
tives. one OF their number now de-
mands and will make a strong fight for
a place in the Senate of the United
States. They have apparently mastered
Wall Street, found their way into the
banking business and practically every
other kind of suitable line and profess
sion, including aviation and prohibit
ton; even into the Department of JUS
tice of the United States.
One Door Barred.
It is more than probable that woman
will find the door of the New York and
other stock exchanges forever barred to
her, but it is within the possibilities,
even the probabilities. that some enter
prising women may some day start an
exchange of their own and their sisters
will help it to hold full share of the
business.
Judged by her speed in the last Is
years, there is no telling to what heights
in financial wealth woman may not
attain-having the habit of getting
| what she wants has ENCOURAGED a de-
sire for new and greater successes.
FUR THEIR RISE II
D TIC NIOIJ