Year High Average Low Fluctuation
1896 44 37½ 31 13
1897 53¼ 43⅞ 34½ 18¾
1898 62½ 53¼ 44 18½
1899 72½ 64¼ 56 16½
1900 80½ 70½ 60⅜ 20⅛
1901 106½ 89⅞ 73¼ 33¼
1902 119¼ 105½ 91⅝ 27⅝
1903 106½ 89⅞ 73¼ 33¼
1904 105½ 91 76½ 29
1905 122¾ 109⅝ 96½ 26¼
1906 125¾ 111⅞ 98⅛ 27⅝
Fractions were necessarily omitted from the totals employed in charting
the movements. They are, however, unimportant. Dividends on Composite
Common were as follows:
1896 1⅖ %
1897 1½ %
1898 1⅝ %
1899 1⁹/₁₀ %
1900 2½ %
1901 3 %
1902 3½ %
1903 3⅜ %
1904 3⁷/₁₀ %
1905 3⅞ %
1906 4¾ %
[Illustration: FLUCTUATIONS OF STOCKS FOR TEN YEARS.
(The rims of the circles touch the average high and low points of 20
railroad stocks, each year for 10 years.)