Full text : Investment, an exact science

price-movements  of  the  stock  exchange  values  given  by  the  bankers’  magazine.
For  the  past  ten  years  (1897-1906)  the  Bankers’  Magazine  has  published  the  aggregate  values  of  387  representative  securities,  divided  into  groups.  These
groups  are  here  arranged,  as  far  as  this  was  possible,  on  the  principle  of  Geographical  Distribution,  into  two  sections,  the  top  section  representing  the  British
Stocks,  the  bottom  section  the  Stocks  of  other  countries.  The  value  at  the  end  of  each  year  has  been  taken  as  the  means  of  determining  the  direction  of  the
zig-zag  price-movement  lines  of  each  group.

Nominal
Value
(in  thousands).

£
800,194
36,379
213,007
171,118
128,803
7,342

£
119,916
100,335
157,329
65,944
22,880

CLASS  OF  STOCKS.
BRITISH:
(A)  Government.
(B)  Corporation.
(C)  Railways,  Ord.
(D)  Railways,  Deb.
1  H
(E)  Railways,  Pref.
®  Gas.

PRICK  MOVEMENT  OF  BRITISH  STOCKS  OF  KryvrTNAL  VALUE  OF  £1,356,843,000.

1904

1901

1903

1897.

1900.

1905.

1902.

1898

1899

1906

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2^

©  BRITISH  COLONIES
*  »  »  ••••••#  m  %
@  EUROPE
®  AMERICA,  NORTH.

PRICE  MOVEMENT  OF  STOCKS  (OTHER  THAN  BRITISH)  OF  THE
NOMINAL  VALUE  OF  £<166,404.000.

©  AMERICA,  SOUTH.
©  international.

%

©

TD

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Reprinted  from  The  Financial  Review  of  Reviews.  The  above  Chart  is  copyright,  and  may  not  be  reproduced  without  permission  of  the  Publishers  of  The  Financial  Review

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