THE REAL SIGNIFICANCE OF RECENT GERMAN STOCK EXCHANGE QUOTATIONS AND DIVIDENDS.

The article compares the German stock exchange quotations and dividends from before World War I to those up to 1923. The author suggests that to calculate the actual value of the current quotations, the par values of the shares before the war must be considered, as well as the par value of the shares issued in the meantime at their gold par value at the time of the issue. He includes tables showing the real values of stocks before and after the war in several different industries. Furthermore, he analyzes the real value of the stock before and after the war and presents several conclusions.