vienna – LPPL Market Watch http://localhost Blog of The Bubble Index Wed, 07 Feb 2018 02:25:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.4 Vienna Stock Market Crash of 1873 https://lpplmarketwatch.com/2014/12/11/vienna-stock-market-crash-of-1873/ https://lpplmarketwatch.com/2014/12/11/vienna-stock-market-crash-of-1873/#respond Thu, 11 Dec 2014 18:24:00 +0000 https://lpplmarketwatch.com/?p=7 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%
]]> https://lpplmarketwatch.com/2014/12/11/vienna-stock-market-crash-of-1873/feed/ 0