Object: The stock market crash - and after 

COMPARISON or CASH DIVIDENDS ano TOTAL EARNINGS 
INDUSTRIALS AS PERCENTS OF MARKET PRICES 
PERCENT 
IO 
® 
~ 
LEGEND: 
[RT 
XPT 
vM J_J AS ON 
1928 
CASH 
CASH AND PLOWED BACK 
x A a 
M A MJ J AS O ND 
19209 
CHART 9.—~After June, 1929, there was a rapid increase in the rate both of cash dividends 
and plowed-back earnings.
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