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Member Participation Rate (as percent of total market volume)

Appendix VI-A: Chart 1

NEW YORK STOCK EXCHANGE

MEMBER PARTICIPATION RATE vs. PRICE

DURING THREE WEEKS ENDED JANUARY 27, MARCH 24, AND JUNE 16, 1961

(Percent of stock days in each category of member participation rate falling into each range of price)

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96-746 0-63-pt. 229

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During Three Weeks Ended January 27, March 24, and June 16, 1961

(Percent of stock days in each category of member participation rate falling into each range of price)

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1/ Volume of member purchases and sales as a percent of market volume.

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MEMBER PARTICIPATION RATE vs. PRICE RANGE

DURING THREE WEEKS ENDED JANUARY 27, MARCH 24, AND JUNE 16, 1961

(Percent of stock days in each category of member participation rate falling into each range of price range)

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During Three Weeks Ended January 27, March 24, and June 16, 1961

(Percent of stock days in each category of member participation rate falling into each range of price range)

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Participation Rate

50

85 1.10 1.35 1.60 1.92 2.32 2.85 3.85 over Total

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1/ Volume of member purchases and sales as a percent of market volume.

2/ Price range as a percent of closing price.

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MEMBER PARTICIPATION RATE vs. MARKET VOLUME

DURING THREE WEEKS ENDED JANUARY 27, MARCH 24, AND JUNE 16, 1961

(Percent of stock days in each category of member participation rate falling into each range of market volume)

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Source: appendix VI-A, table 3

650 1,000 1,500 2,000 2,700 3,700 5,500 9,000 over Market Volume (Shares).

DS.4480

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