TABLE II

Year-by-Year Rates of Return, 1950-76

Year

Common
Stocks

Commodity
Futures

Long Term
Government Bonds

US 
Treasury Bills

Rate of
Inflation

1950

31.71

52.61

0.06

1.20

5.79

1951

24.02

26.71

-3.94

1.49

5.87

1952

18.37

-1.16

1.66

1.66

0.88

1953

-0.99

-6.32

3.63

1.82

0.62

1954

52.62

14.88

7.19

0.86

-0.50

1955

31.36

-4.79

-1.30

1.57

0.37

1956

6.56

14.75

-5.59

2.46

2.86

1957

-10.78

-2.34

7.45

3.14

3.02

1958

43.36

-1.33

-6.10

1.54

1.76

1959

11.95

0.54

-2.26

2.95

1.50

1960

0.47

-0.09

13.78

2.66

1.48

1961

26.89

1.55

0.97

2.13

0.67

1962

-8.73

0.87

6.89

2.73

1.22

1963

22.80

22.84

1.21

3.12

1.65

1964

16.48

12.13

3.51

3.54

1.19

1965

12.45

10.62

0.71

3.93

1.92

1966

-10.06

14.65

3.65

4.76

3.35

1967

23.98

4.13

-9.19

4.21

3.04

1968

11.06

1.24

-0.26

5.21

4.72

1969

-8.50

20.84

-5.08

6.58

6.11

1970

4.01

11.99

12.10

6.53

5.49

1971

14.31

3.31

13.23

4.39

3.36

1972

18.98

33.71

5.68

3.84

3.41

1973

-14.66

101.54

-1.11

6.93

8.80

1974

-26.48

31.96

4.35

8.00

12.20

1975

37.20

-4.01

9.19

5.80

7.01

1976

23.84

12.75

16.75

5.08

4.81