© Irving Fisher 
08 
STOCK PRICE INDEXES 
a 
* 
/\ 1 
4 
LONDON 
A 
JS WAS 
Of 
an FL 
9% 
MONTHLY 
DATA 
120% 
WEEKLY DATA 
oe 
CHART 5.—At the bottom of the crashes on the London, New 
York, Paris, and Berlin Stock Exchanges the percentages of fall 
in common shares from the (weekly) highs before the crashes 
were: London, 45 per cent fall; New York, 38 per cent; Paris, 
26 per cent; and Berlin, 23 per cent. 
53