. The market price, surplus, net earnings, and dividends of common stocks . IOO. -18- cent in 1914. As far as price is concerned two periods are to benoted. The first extended to 1910t and during it an upward trend,with the exception of the year 1908, prevailed. After 1910 theurice fell from the high level of 84 down to 57 in 1914. In mostcases the price fluctuations have followed very closely the changesin the rate of earnings. Atchison, Topeka, and Santa ffe Railway CompanyA consideration of Atchison, Tooeka, and Santa Fe (figure 12)ends our study of the individual railroads. The Atchison ro
. The market price, surplus, net earnings, and dividends of common stocks . IOO. -18- cent in 1914. As far as price is concerned two periods are to benoted. The first extended to 1910t and during it an upward trend,with the exception of the year 1908, prevailed. After 1910 theurice fell from the high level of 84 down to 57 in 1914. In mostcases the price fluctuations have followed very closely the changesin the rate of earnings. Atchison, Topeka, and Santa ffe Railway CompanyA consideration of Atchison, Tooeka, and Santa Fe (figure 12)ends our study of the individual railroads. The Atchison roadappears to have been quite uniformly successful during the tenyears we have to consider. Its dividend rate was four oer centin 1905, and was increased to five and one-half per cent in 1907 it was lowered to five per cent, but was raised to six r>ercent in 1910, at which level it remained. Earnings during theentire interval were never less than one and one-half per centabove dividends, and in 1907 reached the high mark of fifteen nercent. Surplus during the period
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