Skip to main content

American Railroad Stock Prices for United States (M11005USM293NNBR)


Jan 1937: 51.44  
Updated: Aug 15, 2012


Dollars per Share,
Not Seasonally Adjusted


1Y | 5Y | 10Y | Max


Source: National Bureau of Economic Research  

Release: NBER Macrohistory Database  

Units:  Dollars per Share, Not Seasonally Adjusted

Frequency:  Monthly


Series Is Presented Here As Three Variables--(1)--Original Data, 1855-1937 (2)--Original Data, 1918-1957 (3)--Original Data, 1949-1964. The 1855 And 1856 Figures Are An Unweighted Arithmetic Index Spliced On To The Weighted Index In January, 1857. They Are Not Considered Reliable By NBER. The Unit For This Variable Is Dollars Per Share. The Index Is A Chain Index Made Up Of 13 Month Segments Chained To The Segment 01/1926-01/1927. The Index Is Weighted According To The Number Of Shares Outstanding Each Year. Source: F.R. Macaulay, "Some Theoretical Problems Suggested By The Movements Of Interest Rates, Bond Yields, And Stock Prices In The United States Since 1856, " (NBER 1938), Pp.A142-A161.

This NBER data series m11005 appears on the NBER website in Chapter 11 at

NBER Indicator: m11005

Suggested Citation:

National Bureau of Economic Research, American Railroad Stock Prices for United States [M11005USM293NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis;, July 5, 2020.


Retrieving data.
Updating graph.

Subscribe to the FRED newsletter

Follow us

Back to Top