General Comparison.
The attached chart, showing the average high and low prices of representative groups of securities during 1916, may be used as a comparison of the average selling price of the motor group with that of railroads, industrials, and mining.
It will be seen that the greatest fluctuations occur in the mining, steel and iron stocks of thestandard list, and that a similar fluctuation occurs in the tire and automobile stocks of the motor group.
This comparison would tend to show that the tire and motor stocks are still in the class which fluctuates considerably and therefore, except in special cases, are more or less speculative. In this light these figures and comparisons are very interesting and may be carefully considered from the investment standpoint.
The following chart compares the average high and low prices of representative groups of stocks during 1916 with similar groups in the automobile field:
chart