© 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.

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