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Q: two best performing stocks during the crashes of 1929...and 1987 ( Answered 5 out of 5 stars,   2 Comments )
Question  
Subject: two best performing stocks during the crashes of 1929...and 1987
Category: Business and Money > Finance
Asked by: ladysoul-ga
List Price: $100.00
Posted: 07 Aug 2004 11:16 PDT
Expires: 06 Sep 2004 11:16 PDT
Question ID: 384758
What were the two highest performing stocks(by price) during
the stock market crash of 1929...and which exchanges those two
highest performers were on(NASDAQ,NYSE,orAMERICAN)  I don't want to
know the stock sectors(like health stocks, or entertainnment stocks
performed the best
in the year 1929)...but which specific 2 stocks had the best price performance
in 1929.
The answer I am looking for would go something like this:
In 1929,the year of the stock market crash
OF all the stocks , no matter which exchange they were on
 XYZ Stock on the NASDAQ was the highest performing stock with an increase in price
of 15% for that calendar year 1929. The second highest price
performing stock in 1929 was JNJ stock on the NYSE exchange which
increased 3%.
Also I would like the same question answered for 1987...the year of the other 
big stock market tumble.

Thank you so much for your help.
Answer  
Subject: Re: two best performing stocks during the crashes of 1929...and 1987
Answered By: juggler-ga on 07 Aug 2004 17:16 PDT
Rated:5 out of 5 stars
 
Hello.

The New York Times, January 1, 1930, has stock tables that show the
yearly high, low, last, and net change for the year 1929.

Since there were relatively few gainers for 1929, it's possible to
comb through  the lists and identify the top performers.  I did that
and the two leading gainers were:

United Light and Power B   
Last: 92 7/8
Net Change: +60 3/4
(Percent change: +189% )

Standard Power and Light
Last: 125
Net Change: +77
(Percent change: +160% )

Both of these stocks were on the "Curb" exchange.  This was the term
for what eventually became the American Exchange.

If you wish, you can purchase the New York Times tables that I used
from the New York Times archive:
1929 Stock Market Dealings (Curb Exchange)
http://pqasb.pqarchiver.com/nytimes/results.html?st=advanced&QryTxt=&By=&Title=stock+quote+5&datetype=6&frommonth=01&fromday=01&fromyear=1930&tomonth=01&today=01&toyear=1930&restrict=articles&sortby=REVERSE_CHRON&x=26&y=11
1929 Stock Market Dealings (NYSE)
http://pqasb.pqarchiver.com/nytimes/results.html?st=advanced&QryTxt=&By=&Title=stock+quote+1&datetype=6&frommonth=01&fromday=01&fromyear=1930&tomonth=01&today=01&toyear=1930&restrict=articles&sortby=REVERSE_CHRON&x=26&y=11


--------

For 1987, USA Today has an article that lists the leading gainers and
losers of year on the NYSE, AMEX, and Over-the-Counter (aka NASDAQ)
markets.

The two leaders (both from the over-the-counter market) were:
 
Rea Gold 
12/31/86 close:  3/8
12/31/87 close:  3 1/8
Percent change for 1987: +733.3%

GBI International
12/31/86 close: 1/4
12/31/87 close: 2
Percent change for 1987: +700%

source:
"The best, worst stocks of 1987"
USA TODAY  Jan 4, 1988. pg. 05.E
http://pqasb.pqarchiver.com/USAToday/55640913.html?did=55640913&FMT=ABS&FMTS=FT&date=Jan+4%2C+1988&author=&desc=The+best%2C+worst+stocks+of+1987


If you happen to be curious about the two leaders on the NYSE and AMEX, they were:

NYSE:

Lukens
12/31/86 close: 14 3/4
12/31/87 close: 48 3/8
Percent change for 1987: +228%

Tricentrol
12/31/86 close: 2 1/8
12/31/87 close: 6 1/8
Percent change for 1987: +188.2%


AMEX

IVAX Corp
12/31/86 close: 2 7/8
12/31/87 close: 10 1/4
Percent change for 1987: +256.5%

American Cablesys.
12/31/86 close: 14 1/8
12/31/87 close: 44 1/2
Percent change for 1987: +215%

-----------------
search strategy:
new york times historical archive, 1/1/1930, stock
library newspaper database, "stocks of 1987"

If anything is unclear, please use the "request clarification" feature
to let me know. Thanks.
ladysoul-ga rated this answer:5 out of 5 stars and gave an additional tip of: $10.00
Your answers were gtreat and timely...exactly what i asked for and more
than helpful>>>>and quick!!!!!!

Comments  
Subject: Re: two best performing stocks during the crashes of 1929...and 1987
From: probonopublico-ga on 07 Aug 2004 13:07 PDT
 
Yeah, Ladysoul ...

But how is that information going to help you to get a fix on the best
performing stock in the upcoming stock market crash of 2004?

Sorry ... But I don't know the answer to that either.
Subject: Re: two best performing stocks during the crashes of 1929...and 1987
From: juggler-ga on 08 Aug 2004 02:07 PDT
 
Ladysoul:
Thank you for the tip.
-juggler

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