Growth of Exchange Listings

On Jan. 1, 1925, there were listed on the New York Stock Exchange securities possessing a total market value of $60,669,206,878en the two dates.

Of this anticipated increase, the number of issues listed at the beginning of this and of last year gives a rough indication. On Jan. 1, 1925, listed bonds totaled 1,333 and listed stocks 926ative increase in stocks over bonds during the past year indicates very general prosperity, since such an unprecedented increase in new share issues could occur only under most favorable economic conditions. The figures also have a very real bearing on perhaps the leading banking problem of the dayt time. But the Stock Exchange's listing figures show that, not high prices simply, but a vast increase of available Stock Exchange collateral is responsible for this situation.

The international creditor position of the U.S. is shown by the foreign government issues listed on the Exchange as of Jan. 1. These total 116 issues of 65 separate foreign national and subdivisional governments. Two Asiatic governmental bodies contribute 3 issues to this total; 3 in Australasia, 7 issues; 37 in Europe, 59 issues; 5 in North America and the West Indies (exclusive of the U.S.), 17 issues; and 18 in South and Central America, 30 issues.