CHARTS CHART 1. Growth of Manufactures, 1919-1926, Preceding Two Decades Compared with Frontispiece 2. Stock Prices, Last Half of 1929 . . . 3. Booms, Recoveries and Panics, 1914-1929 4. Stock Price Index Numbers, 1870-1929 s. Stock Price Indexes: London, New York, Paris and Berlin, 1927-1929 . . . . . 6. Net Profits and Stock Prices, Railroads . . . . 7. Net Profits and Stock Prices, All Industries . . . 8. Net Profits and Stock Prices, Public Utilities 9. Cash Dividends and Total Earnings As Per Cents of Market Prices . . . . . + . «= 10. Price Earnings Ratios, All Industries, Variable Group, 1928-1929 . . . . . . Lo 11. Price Earnings Ratios, 45 Industrials, Fixed Group . 12. Price Earnings Ratios, 25 Rails, Fixed Group . . 13. Mergers Recorded, 1919-1928 . . 4 x 3 14. Prime Cost, Physical Volume of Production and Unit Prime Cost . . . . . . 15. Electricity Displaces Other Power 16. Managerial Control . . 17. Weekly Wage Rate, Hours Worked and Unit Prime Cost oo... 159 18. Industrial Disputes and Workers Involved, 1916-1928 167 19. Wholesale Commodity Prices, 1923-1929 . 186 PAGE xiii xvii 2 CX