The Earliest
Financial Astrology

1901 –1930

Fred White - W. D. Gann

Sepharial – Professor Weston


Table of Contents
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It is with great excitement that we release this extremely rare collection of financial astrology manuscripts, for we feel that they represent one of the most important discoveries ever in this field, both in terms of astro-finance history, and astrological trading application.  General consensus within the astro-economic community traces the primary development of modern financial astrology to around the 1920’s, the first time Gann mentioned a planet being in a 1921 Forecasting Course.  Professor Weston’s breakthrough work, Forecasting the New York Stock Market, also dates from 1921 to 1923, and in the 1920’s Sepharial produced most of his known Arcana or Keys to the markets, though he states in his advertisements that these systems had been in development since 1898. 


In Gann’s 1909 Ticker Interview, he introduces The Law of Vibration and claims that Natural Philosophy is the basis of his system, leading to speculation as to whether Gann developed his astrological methods later in his career, or whether the Law of Vibration was actually a veil for the more esoteric and astrological work that he and his circle were practicing from the outset.  Until recently, there was no clear evidence to definitively confirm either position, however, we have uncovered a number of new pieces of information which will bring about a serious reconsideration of this question, these manuscripts providing the most essential clues.


The first manuscript, written in 1902, gives us a startlingly new and radically altered insight into the techniques used by the forefathers of astro-finance, in that it is the most advanced and important single document on astro-finance that we have ever seen, including everything written in the ensuing 100 years.  The second two manuscripts, written in approximately 1917 and 1930, add to the mystery by presenting advance astro-finance methodologies and insights that have not been duplicated in any other work since.  Interestingly, the final undated manuscript, marked “…Confidential…” across the bottom, is on Market Trends & The Volume Rule, and is written in a style and with a content surprisingly similar to Gann’s. Unfortunately, there is no mention of an author in any of these documents, and the 1917 & 1930 pieces are missing their title page, perhaps to conceal a revealing stationary header?  The original manuscripts are all in the same format, typed carbon copies on onion skin paper, with occasional blue and red pencil lines highlighting important points, something Gann used to do in some of his books and original courses.  


We immediately wondered whether these manuscripts could possibly be Gann’s missing astrological courses, which everyone has long dreamt might exist, but which no one has ever seen.  So far, we have been unable to determine whether or not these manuscripts could possibly have been written by Gann, but further discoveries have confirmed that they definitely come from someone within Gann’s immediate circle.  Recently we uncovered another cache of the rarest materials including a set of ellipses from Gann’s personal collection.  Along with these Gann Ellipses, we acquired a collection of the rarest books from Gann’s Recommended Reading List, for which we had been searching over many years.  Contained within this find were new clues to some of the questions asked above, and to the possible authorship of the manuscripts. 


Concerning the manuscripts, we discovered in Fred White’s Guide To Astrology, one of the Gann List books written in 1901, a section on the conjoined use of heliocentric and geocentric astrology in the markets, which was directly copied into the 1902 manuscript.  This implies either that White is the author of the manuscripts, or that the author copied this one page section from White.  The author also makes reference to White’s Ephemeris and to certain pages in White’s Guide to Astrology.  If Fred White is the author, this opens up some fascinating doorways of consideration. 


We know Gann and White had some connection because White’s Guide To Astrology is included on Gann’s Recommended Reading List, and it is known that Gann and Johndro worked together, and Johndro was a regular contributor to White’s The Adept: Journal of American Astrology, along with Professor Weston, whose Forecasting manuscript is rumored to have been the one item locked in Gann’s office safe, so it is no large step to infer that this entire circle was well known to each other, and probably in direct contact.  In the 1917 manuscript, the author makes reference to his correspondence with Sepharial, and knowing that Gann also knew Sepharial, the circle continues to tighten.


At the time this first manuscript was written, Gann was only 23 years old, so the likelihood that he had already done this level of astrological research is slim, if not impossible. We have heard that Gann began to study astrology in New Orleans before ever arriving on the East Coast, so the idea of his seeking out fellow astrologers upon his arrival is a given.  Gann was known throughout his life to travel the world seeking information and knowledgeable contacts, including flights around the country in his own airplane, meeting up with the like of Elbert Benjamin, also known as CC Zain, to collaborate on research.  His involvement with the Freemasons, particularly at the 33rd degree, would further inevitably connect him with a vast network of serious esoteric individuals across the world.


Another such likely associate is the Gann List author, Gregorius, from whose Master Key of Destiny, also recently discovered, we’ve now learned was not just an astrologer, but a market analyst, for in his 1924 Master Key it mentions that “his service includes: Semi-Annual Stock, Bond and General Market Forecasts $250; Grain & Wheat Futures: A Reliable Guide to Fluctuations Of the Domestic Grain Market $250; Mundane Forecasts Giving Accurate Outlines of the Fluctuations to be Expected in International Trade, Finance & Events $250.”  These are very weighty price tags in 1924 dollars, similar to Gann’s $5000 price tag for his courses in the 1940’s.  Unfortunately, no one today has ever seen or even heard of these works, so we have no idea what interesting secrets may lie hidden in these lost treasures.


Many have wondered whether Gann developed all of his theories on his own, or whether he had some sort of an intellectual benefactor.  The existence of these manuscripts at the outset of Gann’s career demonstrates to us that there were certainly qualified individuals who had thoroughly mastered financial astrology at the turn of the 20th century.  Shockingly, we feel that these manuscripts will demonstrate that our favorite forefathers of astro-finance actually possessed a more penetrating and profound insight into financial astrology than any but the most advanced astro-analysts of today, and perhaps more so than they.  This proves to us that these deeper insights were beyond a doubt kept extremely secret, as almost no record of any of these facts has passed down to us today, only Sepharial’s two Arcana and Weston’s work, and now these manuscripts, one predating the others by 20 years.  Who has ever heard of Gregorius’ financial reports, and would he not have had a course as well?  And what of J.P. Morgan’s astrologer, Evangeline Adams?  Nothing survives from her pertaining to financial analysis, yet she certainly did something for old J.P, who was the one who said, “Millionaires don’t use astrology, Billionaires do!”  These occasional discoveries reveal to us that there is probably more that we do not know of the secrets of those times than all that which we do.


Of particular interest are the descriptions given by the author of himself and his forecasting and trading experience.  At one point the author explains, “During the period from Sept. 1st to Dec. 24th, 1901, the Author was with a large Brokerage House in Boston, and his Forecasts on American Copper were so surprisingly correct, that he was accused of having information from an inside source.  After having traced the movements in the Stock Market back for fifty years, and noting the position of the planets, we are convinced that the system of directions which I use, taken altogether with transits are almost infallible.  For several years while Sugar Stock was active, we successfully called every important move, by using the Heliocentric position of the planets.  The Author has been able to prognosticate every day correctly without one failure for six consecutive weeks.  The student will be able to find many more INFALLABLE rules to follow… he will make mistakes, but his correctness on the rules given will demonstrate that the planets absolutely influence.” 


This would be a very impressive record for an expert today, yet the author accomplished this in 1901 using only financial astrology, and with no computer.  The system with which he accomplished this is laid out in this manuscript, a lucid exposition of a precise set of astrological rules, to follow in a specific order, to forecast stocks, bonds and commodities, backtested over 50 years of data, and traded professionally.  The author uses an integration of Heliocentric and Geocentric astrology, which Baumring pointed out in modern times had likewise been used by Gann.  He states in a section entitled “For Speculation”, that “The Author, however, does not solely rely upon Heliocentric positions… there is no doubt whatever that the heliocentric system shows the tendency of all speculative markets.  The Geocentric system has a few indications which are of great value in forming an opinion at times, but without the Heliocentric system for speculation, the astrologer is as badly off as he would be without his head.”  The section from which this quote is taken is an exact duplicate of a page in Fred White’s Guide To Astrology.


This 1902 manuscript is even more original in its integration of a number of techniques rarely taught or used today, such as, elevations, latitude & longitude, the parallel aspect, right ascension, declination, planetary days & hours, transits, directions, and the nodes of the planets, elegantly weaving them into a system with clear and precise rules of application for forecasting the markets, and including examples from the wheat and sugar markets.  An example of the sophistication of his methods is shown in the following statement, “All speculative markets, Stock, Railroads and Mines, are governed to a great extent by the Elevation of the Planets; by Elevation, I refer to Delineation, and considering both Declination and Longitude, I find that Declination is more important than Longitude.  The Parallel aspect is more powerful than a conjunction, but all aspects depend somewhat upon the conditions which exist at the ingress of the Sun into Aries or Libra, and at the time of a New Moon.”  


The next two manuscripts are equally interesting in that they outline two further fully intact astrological systems employing entirely different methodologies and components than the first system. Unfortunately the originals of each of these is missing it’s title page, but the systems are no less comprehensible for the lack of them.  The second manuscript, from 1917, uses indicators, significators, the radix, transition points and directions to determine the daily and weekly trends of the markets.  Interestingly, this manuscript contains an author’s aside, “***Remarks enclosed are from notes made from personal correspondence with ‘Sepharial’***” 


Again the rules are presented in clear sequence according to their specific importance in determining a correct judgment.  There follow intriguing definitions such as, “A BOOM is caused when the INDICATOR meets with successive good aspects or conjunctions of various planets without any interposing bad aspects to break the series,” a SLUMP being the opposite, and illuminating rules like, “All transits are to be interpreted in terms of the LAST major conjunction of the planets in that sign,” another Gann technique uncovered by Baumring.  The author even goes as far as to observe aspects to Antares and Aldebaran. He affirms that, “This market has been under observation now for over 20 years and there has never been any great rise or fall which did not coincide with the indications from transits over the Significators and the Ephemeral aspects to the Indicator.”


The third manuscript, written in 1930, contains another complete system of reading market trends according to the New Moon, as different from the other two as could be, yet original in its methodology and application.  This section presents a swing by swing analysis of the indications of the New Moon on the market for a 5 year period from 1897 to 1902, and demonstrates how to read the signs to determine direction and change in trend using only the moon.  It is loaded with fascinating insights like, “An important discovery made in connection with these researches is that two New Moons in the same sign and in the same year invariably shows the market trend for the ensuing 12 months.”  Other statements sound as if they came straight from Gann, such as, “Always bear in mind that if a stock continues gains or losses for three consecutive days, it is an indication that a change of trend will then follow.  Always watch the volume of sales….”  Then more interesting astrology, “Planets in declination and when forming parallels are more potent in their effects than the aspects in longitude.  Observe that during the latter part of 1930, every lunar conjunction with Uranus will be an occultation.” 


Near the end there are some curious statements concerning cycles.  First, in the 1901 market analysis, he notes, “The market has been advancing since 1896, and we know that it moves in ten year cycles, and as five years is a half cycle and prices are the highest in history, we can naturally expect that a good decline will follow.”   He continues with, “While some commentators follow the theory that the Stock Market is influenced by ten year cycles, astrological principles would seem to suggest a 11.9 cycle coinciding with the perihelion of Jupiter.”  And then, “The market problem involves various cycles impinging upon each other and one cannot lay down any empirical rules until these cycles are carefully computed.”  Professor Weston was surely the commentator to whom the author refers, as his work represents the earliest application of Fourier Sequences to market analysis, by breaking down component cycle waves and combining them to produce a composite model.  Weston was a regular contributor to White’s journal, The Adept.  Weston was also one of the first to propose a theory of the 10 year cycle, actually with two different versions of the ten year pattern. The first is his computation based on 50 years of data, of a series composed of 14, 20 and 28 months, called the Venus term and based upon the Heliocentric system.  The second is a sequence which divides the Jupiter/Saturn cycle into 10 irregular parts, but follows the Geocentric system, so again we see that this inner circle all used a combined Helio and Geo-centric system.  Professor Weston was a great influence on Gann, implied by his manuscript being locked in Gann’s safe, and he may have been the one who introduced Gann to Fourier cycle theory, providing Gann with the foundation for his 10 year cycle with its multiples.  In any event, these manuscripts help to illustrate further theoretical and historical connections between the icons of esoteric finance.


The final manuscript presenting rules on Market Trends, price and volume trading pointers, and The Volume Rule, is so similar to Gann that it could almost be straight out of one of his courses.  The principles and presentation of the rules on market volume will be so familiar to readers of Gann, that one is left with a strong impression that either Gann copied the style of this author, or the author borrowed this information from Gann.  Reminiscent of the old master is the following quote, “Stocks have habits and characteristics which are distinct as those of human beings or animals.  It is worth while becoming acquainted with those habits in order to anticipate stock movements.”  Or this, “With corporation profits at the expense of the lambs, great buildings are constructed.”


The conclusion we’ve drawn from these insights into this network of connections leads us to believe that the financial forecasting community of the early 1900s was a highly advanced and tightly knit community of individuals who regularly collaborated and shared insights.  This is not unlike today, where most everyone publicly participating in Gann research is somewhat aware of the other players, with many in personal contact, except that today there are considerably more players in the game.  With the discovery of these manuscripts, we are left with as many questions as answers, such as, if, when and to what degree all these individuals collaborated together, and at what point, and by whom were the foundational elements of modern financial astrology developed?  The difficulty in tracking or confirming these connections lies in the secrecy with which this deeper material was held, and the elusiveness of the documentation that proves it, which if not altogether lost or destroyed, then remains in private hands and is, sadly, unlikely to reach the public forum.


We hope these Earliest Financial Astrology Manuscripts, published here for the first time, over 100 years after their original authorship, will provide a deeper insight into the minds of the early market masters, and introduce us, for the first time to the hidden techniques of financial astrology as used in the earliest days of this tradition.  For the reader’s further research and comparison, we have included the original source works mentioned here, of Fred White, Professor Weston, Sepharial, as well as all the known astrological writings and charts of W.D. Gann.  We hope everyone enjoys, and benefits from this excursion into the minds and astrological vision of the forefathers of financial astrology.


W. B. Stewart
Sacred Science Institute


Table of Contents

1902 Manuscript

- To Memorize.
- Motion Of The Planets.
- Houses Of The Planets.
- Planetary Hours.
- Mundane Astrology.

- Rules Applying To Markets.
- Influence of Each Planet.
- The Tendency Of Markets Under Strong Aspects Is As Follows.
- Elevations.
- Effect of Elevations On The Speculative Markets.
- Example In Transits.
- Panics.
- Rules For Forecasting Sugar.
- Rules For Forecasting Wheat Markets.
- The Parallel Aspect.
- The Nodes Of The Planets.
- For Speculation.
- Nodes Of The Planets.
- Geocentric.
- Speculation.
- The Terms Of The Planets.
- The Zodiac.

1917 Manuscript

- The Significator.
- The Indicator.
- Ephemeral Aspects.
- Nature of Aspects.
- Specific Natures.
- A Boom &  A Slump.
- Aspects.
- Ruling Signs.
- Internationals.
- Guilt Edge Bonds Or Government.
- Sign Transits.
- Transition Points.
- Specific Horoscopes.
- American Railroads.
- The British Stock Exchange.
- Specific House Influences.
1930 Manuscript

- February 1, 1897.
- Market Swing Review.
- Lunar Rules For Determining Trend.
- Method For Trading By New Moon.
- Two New Moons In Same Sign & Yearly Trend
- Indications For Full Moon.
- How To Determine Change In Trend.
- Moon’s Meaning In Different Houses.
- 10 Year & 11.9 Year Cycles.
- 5 Year 1.2 Cycle of 10.
- Full Moon In Pisces – Fatal Sign.
- Rules For Volume of Sales.
- Declination & Parallels.
- Composite Cycles.
Undated Manuscript

- Market Trends.
- Price & Volume Trading Pointers
- The Volume Rule.
- The Trend.
- Pressure.
- Advancing & Decreasing Prices.
- Advancing & Decreasing Volume.
- Volume Must Increase On Advances.
- Bull & Bear Market Rules.
- Reaction Rules.
- …Confidential…

Appendix 1:

- Fred White.  A Guide To Astrology. 1901.
Appendix 2:
- Professor Weston. Forecasting The
New York Stock Market.  1921 – 1923.
Appendix 3:
- Sepharial.  The Arcana & Keys.
   - The Arcana Or Stock & Share Key
   - Key To Sugar Values
   - Summaries of Lost Keys
Appendix 4:
- W. D. Gann.  Astrological Writings & Charts, 1921-1954.

   - Method For Forecasting The Stock Market.
   - The Human Body & Time Cycles.
   - Soybeans Price Resistance Levels, Active Angles & Degrees.
   - May Coffee
Santos D, Heliocentric & Geocentric Aspects & Planets.
   - Astrological Charts & Tables.




The Earliest Astrological Manuscripts, 1901-1930.
Fred White, Professor Weston, Sepharial, W.D. Gann.
2004. 250 pages.  Hardcover.

INTRODUCTORY PRICE:    $999.99   Manuscripts Reproduced In Color

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