TABLE 86.-Record shareholdings of preferred stock within the period 1937-39 in 711 "widely-held" issues of the 645 corporations with securities listed on a national securities exchange-Continued

1 Issues in which less than 50 percent of the outstanding shares was held by a single person or a small group of persons.

2 Based upon the last sale price on Dec. 31, 1937, or upon the average of the bid and asked prices on that date if no sales were consummated and if the bid and asked range was reasonable; otherwise, upon the sale price nearest Dec. 31, 1937.

3 Includes quarrying and nonmetal mining.

TABLE 87.-Record shareholdings of preferred stock within the period 1937-39 in 711 "widely held" issues1 of the 645 corporations with securities listed on a national securities exchange

1 Issues in which less than 50 percent of the outstanding shares was held by a single person or a small group of persons.

Based upon the last sale price on Dec. 31, 1937, or upon the average of the bid and asked prices on that date if no sales were consummated and if the bid and asked range was reasonable; otherwise, upon the sale price nearest Dec. 31, 1937.

1

TABLE 88.-Value distribution of record shareholdings of preferred stock within the period 1937-39 in 86 "closely-held" issues of the 645 corporations with securities listed on a national securities exchange-

TABLE 88.—Value distribution of record shareholdings of preferred stock within the period 1937-39 in 86 "closely-held" issues of the 645 corporations with securities listed on a national securities exchange-Continued

1 Issues in which a single person or a small group of persons held over 50 percent of the outstanding shares.

2 Based upon the last sale price on Dec. 31, 1937, or upon the average of the bid and asked prices on that date if no sales were consummated and if the bid and asked range was reasonable; otherwise, upon the sale price nearest Dec. 31, 1937.

3 Includes quarrying and nonmetal mining.