48 
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 price- 
movements, 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,