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the  names  of  the  securities  depicted  before
he  addresses  himself  to  the  study  of  the
respective  price-movements,  will  admit  that
the  chart  fairly  embraces  the  investment  areas
of  the  whole  world,  as  far  as  the  limited
number  of  stocks  included  permits  of  this.
The  reader  can  easily  translate  into  figures
the  price-movements  depicted  on  the  chart
by  means  of  the  horizontal  price  lines.  These
represent  the  annual  average  values,  and
their  totals  are  displayed  at  the  foot  of
the  chart.  By  this  means  the  chart  not
only  pictorially  illustrates  the  various  pricemovements,
  but  it  also  gives  the  several  total
annual  values  of  all  the  stocks,  depicted,  year
by  year,  at  their  respective  average  prices.
The  chart  comprises  stocks  situated  in
the  following  geographical  divisions  :—Great
Britain,  London  and  North  Western  Railway
Ordinary  Stock  ;  British  Colonies,  Canadian
Pacific  Railway  Four  per  Cent.  Preference
Stock  ;  Europe  North,  Deutsche  Bank  (Berlin)
Ordinary  Shares  ;  Europe  South,  Royal
Sardinian  Railway  B  Shares  ;  Asia,  Bombay
Gas  Company  Shares  ;  Africa,  Egyptian  Delta
Railway  Four  per  Cent.  Debentures  ;  America
North,  Illinois  Central  Railway  Common  ;
America  Central,  Mexican  Railway  Six  per
Cent.  Debenture  Stock  ;  America  South,