Stock Ownership

THE New York Stock Exchange's new census figures show that one in every six adult Americans owns stock today v. one in 16 in 1952. The number of stockholders in the past three years climbed by 3,100,000, despite the market break of 1962, and the ranks of mutual-fund holders increased 48% , to 3,200,000. Reflecting the nation's westward shift, California replaced New York as the state with the largest number of shareholders. Cities of under 25,000 population have the fastest-growing number of shareholders, minors are the fastest-growing age bracket in stock ownership (total: 1,280,000 owners), and housewives are the largest group (51% of all stockowners are women). Commenting on these figures, Stock Exchange President Keith Funston said that most of the stockholders are not speculators but rather people who buy stock and hold on to it, thus riding out the market's ups and downs.

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