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More News from New Street: Uncovering Stock Prices During the 1914 Wall Street Shutdown

Author

Listed:
  • Bender, Ryan

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

  • Schneider, Anna

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

Abstract

This study brings to light and analyzes extensive stock data from the unofficial New Street stock market during the nineteen-week closure of the New York Stock Exchange from July 30 to December 11, 1914 following the outbreak of World War I. The data presented in this study build on stock data previously published by William Silber for a seven-week trading period during the closure. Through the data presented herein, we aim to illuminate the 1914 financial 2 record, and show the relationship between price-recovery and strengthening investor confidence in an unofficial stock exchange after the initial scare of world war disrupted U.S. markets.

Suggested Citation

  • Bender, Ryan & Schneider, Anna, 2014. "More News from New Street: Uncovering Stock Prices During the 1914 Wall Street Shutdown," Studies in Applied Economics 18, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    • Handle: RePEc:ris:jhisae:0018
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    File URL: https://sites.krieger.jhu.edu/iae/files/2017/04/Bender-Schneider-Working-Paper.pdf
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    More about this item

    Keywords

    New York Stock Exchange; New Street; World War I;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • N22 - Economic History - - Financial Markets and Institutions - - - U.S.; Canada: 1913-

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