. Bell telephone magazine . ions received numbered over283,000, some 18,000 more than in the 1928 issue. There wasan increase in the average number of shares per subscriptionfrom in 1928 to in 1930. Subscription Statistics At the present time the usual analysis of subscriptions hasbeen completed only for those paid in full. Chart I on the pre-ceding page shows these subscriptions classified as to size forthe 1930 and 1928 stock issues. The lower shaded portion ofthe columns represents those entered by stockholders of therecord date while the upper unshaded portion represents thenumber
. Bell telephone magazine . ions received numbered over283,000, some 18,000 more than in the 1928 issue. There wasan increase in the average number of shares per subscriptionfrom in 1928 to in 1930. Subscription Statistics At the present time the usual analysis of subscriptions hasbeen completed only for those paid in full. Chart I on the pre-ceding page shows these subscriptions classified as to size forthe 1930 and 1928 stock issues. The lower shaded portion ofthe columns represents those entered by stockholders of therecord date while the upper unshaded portion represents thenumber of new holders gained in each group. The importantrole played by small subscribers is shown by the fact that 77percent of all full-paid subscriptions were for 5 shares or addition more than three-fourths of the new stockholdersgained through subscriptions fell in the 1 to 5 share group. NUMBER OF FULL PAID SUBSCRIPTIONS BY CLASS OF SUBSCRIPTIONS1928 AND 1930 STOCK ISSUES 125,000 NEW »*5Ct5rrtS. m 1928 1930TRUSTEES 1928 1930BROKERS Chart II 252 1930 STOCK OFFER Of a total increase of 12,000 in full-paid subscriptions over the1928 offer, those in this group accounted for 9,500. Chart II shows full-paid subscriptions for the 1930 andthe 1928 stock issues classified according to men, women,corporations, trustees and brokers. In both offers there weremore women who subscribed than men; women also formed alarger proportion of the new holders added; and men andwomen together accounted for 93 percent of the full-paid sub-scriptions. As in previous issues the average size of full-paid subscrip-tions was somewhat greater than that of installment subscrip-tions. The following table gives comparative data for the1930 and 1928 stock offers. TABLE I Comparative Statistics of the 1930 and 1928 Stock Issues(1930 Figures Partly Estimated) 1930Stock Issue 1928Stock Issue Increase1930over1928 Par value of stock offered $257,940,700508,764 $209^
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