File:Bell telephone magazine (1922) (14756353815).jpg

Identifier: belltelephonevol21mag00amerrich (find matches)
Title: Bell telephone magazine
Year: 1922 (1920s)
Authors: American Telephone and Telegraph Company American Telephone and Telegraph Company. Information Dept
Subjects: Telephone
Publisher: (New York, American Telephone and Telegraph Co., etc.)
Contributing Library: Prelinger Library
Digitizing Sponsor: Internet Archive

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ook value,on the other hand approximately493,000 stockholders actually haveholdings of 25 shares or less each, and 207,000 have holdings of fiveshares or less each. Holders of 100shares or more each, who own 49 percent of the total stock, number 35,000.In this group are some 825 holders of1,000 shares or more each, owning 15per cent of the stock, but a majorityof these are banks and brokers, in-vestment trusts, insurance companies,and other fiduciaries who hold thestock for the beneficial interest of agreat many others. It is estimated,for example, that banks and brokershold the stock for more than 10,000customers, investment trusts for morethan 135,000 investment trust cer-tificate holders, and life insurancecompanies for more than 3,000,000policyholders. The composition of the stock listby the length of time shareholdershave retained their ownership interest NUMBER OF STOCKHOLDERSBY AMOUNT OF HOLDING AMERICAN TEL. AND TEL. CO. n^ F F HOLDINGII TO 99 SHARES 700,000 -T 600,000 500,000
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200,000 100,000 SEPTEMBER 15, 1942 Average holdings per stockholder are now 29 shares as compared with 56 shares in 191^. 276 Bell Telephone Magazine I is indicative of the usual intention ofshareholders to invest their moneyfor the long run. Of the presentholders, approximately 340,000 haveowned the stock for more than tenyears and another 120,000 for morethan five years. It is estimated that12,000 stockholders, or 20 per cent ofthe total owning stock back in 1914,still have A. T. & T. shares registeredin their names. This represents anaverage reduction of 3 per cent peryear in the number of such stockhold-ers for the period from 1914 through1941. While the A. T. and T. Companymay be the most widely owned enter-prise in the country, many others areowned on a similar scale in relation totheir size. There are now in excessof 20 corporations with more than100,000 stockholders each, and forindustry as a whole the grand total ofcommon stockholders is estimated tobe between eight and n

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