Business: $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.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!