股市晴雨表

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The Stock Market Barometer

WILLIAM PETER HAMILTON

1906

190809

1909
1914

1917

190001
191014
192225

1/76


(
)

?
?

15

15

1997 6
15

()

2/76


W
F()

3/76

1905

1837 1857 1866 ()1873 1884 1893


1907 1920
1014

()

1893

1907


1900
1902 9 1901
1919 10 1921 68

(
)
1901 5 9
4/76

() 20
20
1919 10

1901 5
?
65

70 74 7377

1921
1922

1919 10
1914 12 20

20
20 12

5/76

(cinema)(melodrama)

K 3 6

20 R
(
)!

1901

1901

6/76

20
() 15
16 (
) 11 19
1899 1907

16 1901

()

1889

GK
H

?
)
?

7/76


4
25

JP

J
H

()

l 15

8/76

??H
1902 12 52

()
H

1901 1902

1902 1

10 60
30 40 4 6

20

4 6

10 (
)
10
10

1701 1711 1712 173l1732 1742 1752 1763 1772


1773 1783 1793 18041805 1815 1825 1836 1847 1857 1866
1873
1902 7 9

9/76

(1873 1884 1893 )

1715

1814
8 24
1808

18191825 1837
1819

1825 1826

1837

18471857 1866
1847
18481849

1857 8

1866

18731884 1893
1873 9

1884
5

1893

5 1907
1902 9

10/76

5 10 1902 9
1 1903 9 1904 6
1907 1 1907
12 11

SA 1902

35 15 ()

()

11/76

1900 12 19

10

()


1902 1 4

?
16
4
9

1914

1902

()
?1912
CMCD

12/76

()
R

1.5 0.5

()
1903

1901 7 20

15

3/8 10
4 20 8

13/76

10
20%
6

(
)

14/76


H(
)

()

()

l917
()
HH
H



( )

1900 6
26 1901 5
()

12 ()

l902 7

1921
1. 1900 6 1902 9
2. 1902 9 l903 9
3. 1903 9 1907 1
4. 1907 1 1907 12
5. 1907 12 l909 8
6. 1909 8 1910 7
7. 1910 7 1912 10
8. 1912 10 1914 12
15/76

9.
10.
11.
12.
13.
14.
15.

1914
1916
1917
1919
1921
1923
1923

12
10
12
11
8
5
10

1916 10
1917 12
1919 1011
1921 68
1923 5
1923 10

JP 23
25 15

1903 9 22 1907 1 5
1906 1 22
( 1906 )
1906
19 27

6 27
1914
1915 ()

15

()

12
()?

1919 10 11 3 40

16/76

20
?

17/76

50

26
1895
()

R
22
70 9096

40
22

40
() 1.2

1/25

W
W

1909 ()

18/76

W1910

12


1903
1904 1905
1902 9 1903 9 1903
9 6
1904 1905 9 1906
1907
1

1907 11
12
1908 1908 7
1907 12 1909
8

760

5 2 3

1901
1907

?
19/76

20/76

(
)()

1921 9 18
1921 11 5

1919 10 11 1921 6
20 20 64.90 20
65.52

1921 8
8 25

1
()9 21
()

10 4
8 9
6 20
l

21/76

H()D

33

1921 10 3
()

(Barrons.) 10 3

H 20 l901 7
20

10 20

R?

M?

22/76

1
()

()

9
10

()
3

?
11

2400

23/76

24/76

(
)

()

(
)

12

0.25
90.25 90.5 90.25
90.5
90.375

25/76


1 0.25
0.125

1870
50 20

()?

()

20 20

40
(
) 19
10
0.5

26/76

1890

1922

H 20

()

l908

()

(
)
R

40

27/76

?
?

100 50

JP

20
20

R 130
100
100

1919 10

28/76


()

(
) 550
100

()

1/5

1921
80
261
20 10
2.75 () 6
120 ?5.5
?

R?
50
1921 8

1921

54
? 54

29/76

()

?
?

?? 35
25
10

H 1902

1902 9
9
1903 12 5

1904 1907 1
9
12

1904 9 17

1904 ()

30/76

31/76

(1906 )

()

1906

1906 4 18

1903 9
1906 1

1919 1906

1906 4
20 1906 1 22 138.36 5 3 18
12 1 19 103 5 3 86.45

1906 7 6

4060

131.05 1.61
1 22 60
32/76

6
40

7 2

1903 9
1906 12 1906 1

8 2l
160
15
1 22 7
2

20

()R 51

1906 12 15
20

1907
( l906
)

1893
1907 1

()

33/76


JP

l907 3 15
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.

()

l907

2
1907

1907 !
1907

1/10
1

1893

34/76

1907

(
)

35/76

1910

( 1715
)
1793 18041805
1814

1814 1819
()18041805
1814 10 1837
1857
1837 4 40 1847
1857
! 20

1877
1873
1872
20 16 1866
1866 4

1873 1884 1893 10 20


1857
1873 16
20 1873 1893 20
l903 1913
1914

? 1893 1907 14
20 10 ??
1903 1913

?
36/76

?
?

1893 1907 14 1920


1920
1893 1873 1857 1837

25

1893
10 20
?

1907 1893

()

37/76

40 50
60 40 30 20
60 30 25

()

(
)

1310%

14

38/76


(190809 )

19071908
S
1907

1908

l907
11 21 11

12 5

20 11 21 81.41
89.11 7.70 10

12 23

7 20 11 21
26 9 4
2

12 ( 12 )

1900

()

300 10

39/76

5
l902 9

()

19081909
1907 12 25
l908 1 10
1907

1907
1908 1 24

5 6

1907 1908

11
12

25 1904

40/76

l901 5 (
)180 5 9

1921
5 10

13
6

7 12 2
1919
(
)

1907
EH 1901 1906
1906 7

1907 4 10 (
1857 )
10 J 1906 10
EH

41/76


14

42/76

1906
1901

4060
40
1917 12
6

80

20

()

()

43/76

()
R
R

()

5
1919 ()
3

1920
2

44/76

1921 6
2 8

()

45/76

1909

13

1918
1917

1920 (
)?

1 7


?
50

( )
()

46/76


1921 6
8
8
6
1909
l909
l909 8 134.46
9 100.12 10 100.50 11 100.53

1909 8
11 ?
1909 11
()

l909
l907 12

1908l909
D 40
1909
8 () 11 () l909 12 31
130 (8 134 ) 1

l909
l908

l909 8 11
1910 1

25 20
20 40
15
18601880

47/76

()
?
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247 183
)

250

???
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?

?
( 43l 355
)
?
300
( 519 465
)
?

301 (243 316


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()?

(
(1154)(1485))

(
)

17

48/76

J
13

!HG

1909 9 11 (
1 )

10

1910
l909 12 18 ()
12 28 1 ()

12

49/76


(1914 )

1914 57

? 7
8 34
1912 10 1914
5 103 10l
8l79 (6 25 ) l00
7 18 7 27
8

1914 5 1 7 30
4 19

12

66 7
3 4
1873
1914 5 1 20 12

?
?
1914 7
22

(
)

7 12

50/76

30 300

30

X
X

()

(
)

()

?
?
??
?
?

51/76

R 190l 1902

JP EH
()

Sentire

1849

1919 11

52/76

()

(
)1918 9

1919

1919

()

1917 6 30

1917

1918
(12 27 )20
78.08 6.41
53/76

1918 ( 1916 10
)
1918 10
1919 11
1919
1920 1920

1919 1920 40
1919

() 1919 8 1

() 11 16 12
1 1 1920 2

9 1919 5
7
7 1920

(
) 37 1.40
( )

1920 2 28
6
8
7

54/76

1902
20 6 12
(
1860 15 )

55/76


(1917 )
1917

1916 1011 12

1917 1915 1920


??
? ?
()?

1917
12 11 6
1917

? ?
?(
)
?
1917

()

19081909

1815 l/4

(181516 ) 31.5
(18991902
) 4
10 6 1902
1914 1899
33 1.5(
1793 1815 3 )

56/76


1917 ?
1918
?

?1916

16
1917

2
(1916 ) l 2/3

l/3 240 110


130 ()

(
)1821
1919

? 4
1821

1922
1907 1908
1909 1909 1910

57/76


25
l900 1911
1912 1913 1914 1897 1898 1899 1900 1899

1912
1914

1914 ()

58/76

19031914
12

()

1917 3

1909
()
1912 18
1914 12 1906 1921 6

16 1922

JH

()()
()
14

(
)

1910 240,830
1900 25 1880
1920 1910 9 1/6
1.5

59/76


1897 () 1907 ()

1890

1892

1893
1894

1896 87

()
(18971907 )

?
?

19
90

1907
18971907
??

60/76

1863

1863

25 16 20
1906 1 22 (138.36 ) 1909
8 4 (134.46 ) 1912 10 (124.35 )
14 1914 1 30 109.43
112.28 (1916 10 4 )
1919
50 1898 7 25 14
23 16
(1857 1873 ) 60

?
?

61/76


(190001 )

20 R
20

(H)

1899 7500
5 4 (
) 5
1

1899 6 1

7500

6 45
70
100

51 7500

1904 R
H 2200
(22 ) 9096
1

()

1901
50 4.9 1905

62/76

l900 12 3 1901 1

1900 12 2
96
12 3 12 13
160,000

9690.25
1900 12 14 1901 1 11
195,000

89.7596
1901 1 11 91.125

1901 1 12
91
1 12 1 19
70,000

92.2590.25
1 19
90.50
1 20 1 26
88,000

9283.75
1 26
89
1 26 12
96 1
23 1 20 83.7588.25
88.25

128 9096 4 3
1905 2,200
9096 (
)

5
1 26 2 23
110,000

92.37587.75

63/76

2 28
2 28 4 3

4 3

92.375
780,000
92103.75
100.375

22

8
1.5 0.5

()

l901 4
2 3 24
3 6 77,000 3

4 4 4 16
1,275,000

101.125 128.375

20

H
1908 5,000

1907 7
H

64/76

(
)

20

20
(
)
,

201

20
()

(
)

65/76


(19l014 )

19031914

1910

1910 1909 1910 6

1911
1912
1909 1910
1907 ( )
1907 1909 1/3

25

1910

1909 ()
H

1907
( 1909 )

()
1973

66/76

(1879 )
1884
1893
1909

25
19111914

1921 68

1922 4 29
2/3
1922

16
() 20

90
?
?

()
(
) 20

1909 1910

1912 !

??
20

16 20
67/76

24 ??

?
6

()

?
500 20 l
114,000 !

()

12
?
?

? ?
?

68/76


(192225 )
1921

()1914

1914 567

1922

() 1921
8 24 1923 3 20 61 1921 6 20
65.52 1922 9 11 93.99 ( 28.47 ) 3
3

1922 2 11

1923

20 26 ( 6 )
1923 3 1922 5 8
5 22
1923 6 16
7 8

9 9 19
9 30
6 4 10 18

1921
8
69/76

11 3
1923 1 16

1923 3 4 4

1923 10 27 20
17 8
1921

1923 8 29

( 40 30 )
1921

20 20
50
6

1924 2 4

( 8 )
11 1

(1923 ) 12

8 20 105.57
10 14 99.18 6 10 14

401 ( 121)
70/76

(
)

1925 8

1923

71/76

( 24 32 2 4 5 3
)

()
()

()

()

72/76

10 1000 100
H 21 10
100 2()l/4
10
1000
100
10

?
20 100 5
5

100 AOT 1000

1901 7 11 H
12
50

15

16

73/76

100 10

10


(
)

17

(
)

()

18

74/76

4 4
1.5

()

()

75/76

Q A
1
2
3
4
5

6
7
8

9
10

11
12
1310%

14

15

16

17
18

76/76

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