October 09, 2008
On stock prices c. 1908

The Oct. 9, 1908 NYT reports on the prices from the Philadelphia Stock Exchange:

A sampling of firms, volume, and closing prices (with prices in 2007 dollars in brackets).

  • Union Pacific: 20 shares, $161.25 [$3,748.19]
  • Bell Telephone: 2 shares, $98.50 [$2289.14]
  • Lehigh Navigation: 30 shares, $90.5 [$2103.22]
  • Reading (Railroad): 10,490 shares, $64.56 [$1500.37]
  • U.S. Steel: 8,765 shares, $46 [$1069.04]

    Posted by Craig Depken at 03:52 PM in Economics

  • The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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