Influence of Credit on Prices 



73 



Table L 



• The Commercial and Financial Chronicle (2d issue in January) gives the 

 following data on the sales of shares and their average prices at the New 

 York stock exchange. 



Table M 



The prices of ten railway shares were computed from the quotations 

 given by \\\^ Journal of the Royal Statistical Society of London, vols, 14-35. 

 The stocks chosen were the Caledonian, Eastern Counties, Great Northern, 

 London and North-Western, Midland, North Staffordshire, South-Eastern, 

 York Newcastle and Berwick, and York and North Midland. Due notice 

 was taken of change in name, etc. The sums are given in pounds sterling. 



"3 



