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Show WILL STREET WILL mm GUIS Banks, Trust Companies and Brokerage Firms Plan to Celebrate Christmas YEAR'S PROFITS LARGE Employees Receive Bonuses and Gifts and the Poor Are Not Forgotten NEW 10KK Dec "Christmas in' the financ al d str ct w 11 offer man) str k ng and happy contrasts to the same per od a year ago when Wall street had barely emerged from the gloom prec p tated by four and a half n onths of suspended act v ty on the stock exchange v Banks trust companies private bank mg houses brokerage firms and mst tut ons of all k nds have 'profited very generally by the boom in stocks wh ch began with mo ements n war brides early n the ear and sent those and kindred secur t es to pnceB undreamed of a few months before To be sure much of the advance reg stered by those and other mercur al s sues has been forfe ted and countless paper profits have evaporated into thin air Nevertheless Wall street has been and st 11 is very busy and its at tendant act v ty and prosper ty are be ng shared by all from the humblest runner to the might est captain of finance and industry Many Gifts Made Many of the financ al inst tut ons and banking houses have already d str buted gifts or bonuses among the r employees for the" j ear and bj th s process many pens on funds have been strengthened and numerous profit shar ng plans ha e ass med substaut al proportions G f ts to employees have averaged ten to fifteen per cent of annual salaries and one trust company long known for its generos ty is said to have given as much as fifty per cent All the exchanges have taken up sub scr pt ons for their employees and it is fair to assume that individual d sburse ments will be larger than at any time of recent years Last year the stock ex change for good and sufficient reasons ref a ned from asking its members fo subscr be to the Christmas fund but drew on its private funds so that the several hundred employees m ght not be utterly depr ved of some hoi day cheer Celebrations Planned Celebrat ons formal and impromptu w 11 be held on all the exchanges after the close of bus ness next Fr day The produce exchange following its usual custom w 11 have an enormous Chr st mas tree on the trading floor and the poor children of lower Manhattan will rece ve g fts of toys and more mater al th ngs such as clothes shoes and other a t cles of apparel Some idea of the extent to wh ch Wall street has profited by the general pros penty of the country may bo gathered from the fact that thus far th s year sales' of stockB aggregate more than 173 000 000 shares against barely 47 000 000 for the corresponding per od last year while bond sales totaled over $91 000 000 against $455 000 000 |