The Vienna stock market crash of 1873 would provide an excellent source of price data to test The Bubble Index. Below you will find a summary result of the crash found in The Parliamentary Papers: House of Commons and Command, Volume 67 (pgs. 1216-7). Unfortunately, the full data does not seem readily available in one source. It seems that the price data is scattered across various German/Austrian finance journals and other non-florin based texts like The Economist (pounds sterling). It would be richly rewarding to find that the price data has survived two world wars. In my free time I will try to piece together all the quotes from various listed companies on the Vienna Stock Exchange during the period of 1865 – 1875. This should provide additional research material to study the formation of stock bubbles and crashes. No promises…
| Name | March 1873 – Capital Paid up, per share | Paid in Capital Units | Share Price on 15th March 1873 (florins) | Price on 31st December 1873 (florins) | December 1873 – Capital Paid up, per share | Nominal Price change (March – December 1873) | % change (March – December 1873) |
| Anglo-Austrian Bank | 120 | silver | 317 | 132 | 120 | -185 | -58.36% |
| Austro-Egyptian Bank | 80 | silver | 176 | 101 | 80 | -75 | -42.61% |
| Austro-Ottoman Bank | 80 | silver | 136 | 55 | 80 | -81 | -59.56% |
| Austro-Turkish Bank | 80 | silver | 130 | 26 | 80 | -104 | -80.00% |
| General Building Society | 80 | currency | 276 | 54 | 160 | -222 | -80.43% |
| Vienna Building Society | 100 | currency | 308 | 76 | 100 | -232 | -75.32% |
| Moneychangers’ Building Bank | 40 | currency | 77 | 8 | 40 | -69 | -89.61% |
| Leopoldstadt Building Society | 100 | currency | 118 | 24 | 100 | -94 | -79.66% |
| Military Building Society | 100 | currency | 130 | 30 | 100 | -100 | -76.92% |
| Lower Austrian Building Society | 100 | currency | 118 | 15 | 100 | -103 | -87.29% |
| Styrian Building Society | 40 | currency | 55 | 16 | 50 | -39 | -70.91% |
| Building Shares Society | 80 | currency | 153 | 8 | 80 | -145 | -94.77% |
| Trieste Building Society | 50 | currency | 53 | 30 | 50 | -23 | -43.40% |
| Building and Rental Society | 100 | currency | 131 | 26 | 100 | -105 | -80.15% |
| Bank for Building and Communication | 80 | currency | 124 | 20 | 80 | -104 | -83.87% |
| Baden and Vocslau Building Society | 40 | currency | 90 | 5 | 60 | -85 | -94.44% |
| Bank of Exchange Operations | 200 | currency | 290 | 32 | 200 | -258 | -88.97% |
| Stock Exchange Bank for Arbitrations | 200 | currency | 285 | 1 | 200 | -284 | -99.65% |
| Stock Exchange Credit Bank | 80 | currency | 181 | 1 | 80 | -180 | -99.45% |
| Stock Moneychangers’ Bank | 200 | currency | 220 | 0 | 200 | -220 | -100.00% |
| Bank for Association of Capital | 200 | currency | 318 | 10 | 200 | -308 | -96.86% |
| Central Mortgage Bank | 80 | currency | 126 | 0 | 80 | -126 | -100.00% |
| Vienna Commission Bank | 200 | currency | 219 | 0 | 200 | -219 | -100.00% |
| Vienna Commercial Bank | 80 | currency | 167 | 15 | 80 | -152 | -91.02% |
| Credit Bank | 160 | currency | 340 | 237 | 160 | -103 | -30.29% |
| Vienna Credit Bank | 200 | currency | 270 | 96 | 200 | -174 | -64.44% |
| Deposit Bank | 80 | currency | 123 | 0 | 80 | -123 | -100.00% |
| Domus Bank | 100 | currency | 112 | 0 | 100 | -112 | -100.00% |
| Danube Stream Navigation Company | 525 | currency | 700 | 514 | 525 | -186 | -26.57% |
| Securities Bank | 200 | currency | 256 | 0 | 200 | -256 | -100.00% |
| Lower Austrian Discount Company | 500 | currency | 1165 | 885 | 500 | -280 | -24.03% |
| Franco-Austrian Bank | 80 | currency | 150 | 29 | 80 | -121 | -80.67% |
| Trading Bank | 200 | currency | 320 | 60 | 200 | -260 | -81.25% |
| Hypothecated Rental Bank | 80 | currency | 278 | 11 | 100 | -267 | -96.04% |
| Industrial Bank | 100 | currency | 130 | 5 | 100 | -125 | -96.15% |
| Industrial and Mortgage Credit Bank | 80 | currency | 144 | 19 | 100 | -125 | -86.81% |
| Italian Austrian Bank | 80 | currency | 205 | 30 | 80 | -175 | -85.37% |
| Leopoldstadt Bank | 200 | currency | 232 | 50 | 200 | -182 | -78.45% |
| Lombard Association Bank | 200 | currency | 275 | 63 | 200 | -212 | -77.09% |
| Provincial Bank Association | 140 | currency | 203 | 103 | 200 | -100 | -49.26% |
| National Bank Association | 500 | currency | 983 | 1026 | 500 | 43 | 4.37% |
| Austrian General Bank | 200 | currency | 375 | 34 | 200 | -341 | -90.93% |
| Intervention Bank | 80 | currency | 145 | 35 | 80 | -110 | -75.86% |
| Prague Banking Association | 80 | currency | 129 | 36 | 80 | -93 | -72.09% |
| Installments and Rentals Bank | 120 | currency | 123 | 30 | 120 | -93 | -75.61% |
| Estates Bank | 100 | currency | 136 | 15 | 100 | -121 | -88.97% |
| Maritime Commercial Bank | 80 | currency | 105 | 32 | 80 | -73 | -69.52% |
| Savings and Lombard Bank | 200 | currency | 230 | 20 | 200 | -210 | -91.30% |
| Union Bank | 200 | currency | 253 | 107 | 200 | -146 | -57.71% |
| Association Bank | 80 | currency | 216 | 16 | 80 | -200 | -92.59% |
| Trading Association | 200 | currency | 228 | 110 | 200 | -118 | -51.75% |
| Vienna Banking Association | 80 | currency | 402 | 60 | 80 | -342 | -85.07% |
| Vienna Stock Exchange Bank | 80 | currency | 236 | 0 | 80 | -236 | -100.00% |
| Vienna Moneychangers’ Office Bank | 80 | currency | 265 | 0 | 80 | -265 | -100.00% |
| Vienna Change Bank | 80 | currency | 321 | 0 | 80 | -321 | -100.00% |
| Vienna Change Association | 80 | currency | 231 | 76 | 80 | -155 | -67.10% |
| Elbemuhl Paper Manufacturing Company | 100 | currency | 127 | 60 | 100 | -67 | -52.76% |
| Inneberg Iron Works | 180 | currency | 351 | 175 | 200 | -176 | -50.14% |
| Wienerberg Brick Kiln Company | 120 | currency | 265 | 130 | 120 | -135 | -50.94% |
| Lower Austrian Building Association | 80 | currency | 118 | 24 | 80 | -94 | -79.66% |
| Union Building Society | 80 | currency | 174 | 44 | 80 | -130 | -74.71% |
| Vienna Building Society | 60 | currency | 128 | 24 | 70 | -104 | -81.25% |
| Vienna Parceling Building Society | 100 | currency | 174 | 21 | 100 | -153 | -87.93% |
| Tramway Building Society | 100 | currency | 161 | 46 | 100 | -115 | -71.43% |
| Mountain Railway Company | 100 | currency | 258 | 28 | 100 | -230 | -89.15% |
| Francis Joseph Railway | 200 | silver | 224 | 211 | -13 | -5.80% | |
| Charles Louis Railway | 210 | currency | 225 | 225 | 0 | 0.00% | |
| Elizabeth Railway | 210 | currency | 246 | 221 | -25 | -10.16% | |
| Crown Prince Rudolf Railway | 200 | silver | 170 | 156 | -14 | -8.24% | |
| Northern Railway | 1050 | currency | 2280 | 2100 | -180 | -7.89% | |
| Southern Railway | 200 | silver | 186 | 167 | -19 | -10.22% | |
| North-West Railway | 200 | silver | 217 | 194 | -23 | -10.60% | |
| Hungarian North-East Railway | 200 | silver | 156 | 98 | -58 | -37.18% | |
| Hungarian East Railway | 200 | silver | 132 | 40 | -92 | -69.70% | |
| Hungarian Western Railway | 200 | silver | 173 | 132 | -41 | -23.70% | |
| Kaschau-Oderberg Railway | 200 | silver | 174 | 134 | -40 | -22.99% | |
| Lemberg-Czernowitz Railway | 200 | silver | 152 | 130 | -22 | -14.47% | |
| Transylvania Railway | 200 | silver | 175 | 152 | -23 | -13.14% | |
| States Railway | 200 | silver | 332 | 339 | 7 | 2.11% | |
| Theiss Railway | 200 | silver | 242 | 195 | -47 | -19.42% | |
| Tramway Company | 200 | currency | 358 | 154 | -204 | -56.98% | |
| Omnibus Company | 100 | currency | 138 | 42 | -96 | -69.57% | |
| Average % Change | -65.61% | ||||||
| Source:Parliamentary Papers, House of Commons and Command, Volume 67; pages 1216 – 1217 | Average % Change – Railways | -16.76% | |||||
| Average % Change Excluding Railways | -76.54% |