Monday, Jun. 04, 1928
$1,000 a Second
The U. S. invests $1,000 a second every business day.
One of every eight persons owns securities.
In the pentad of 1923-27, U. S. investors paid $34,806,783,000 for 36,965 different issues of bonds and stocks. Of these 34,995 issues were bonds sold for $28,-931,587,000.
The U. S. national wealth is $320,000,000,000, population is 117,000,000.
These statistics, presented last week by President Bayard Foster-Pope of Stone & Webster & Blodgett, amazed the hardiest of investment observers.