

In all, there were over 150 issues of scrip that traded alongside the mother shares for each company. Petersburg-Tula Land Bank had 15 issues trading simultaneously, the Don Land Bank 14 and the Bessarabsko-Tavrichesky Land bank 19. Petersburg Stock Exchange, even though the price of each was virtually the same. All of the issues would trade simultaneously on the St. Petersburg Stock Exchange is that over time, banks, railroads and other firms raised more capital by issuing new shares as in any other country however, the newly issued shares traded alongside the original shares. Common Stock and ScripĮvery stock market has its own peculiarities and one of the interesting facts about the St. Except for a few issues around 1900, no data on dividends was available either, and having dividend data for four or five years was hardly sufficient to create a useful total return series. None of the other issues provided any information on either capitalization or shares outstanding. The source material that Yale collected only had information on capitalization in the first issue.

We then classified the stocks according to their sector so we could see how one sector did relative to the others.Īlthough the data from Yale was rich in price data, it was lacking in shares outstanding and dividends. The files were marked in transliterated Cyrillic, so we converted the names back into Cyrillic and then translated the names of the companies into English. The data was made available to us from Yale’s International Center for Finance. Petersburg Stock Exchange before World War I and the collapse of Russia into Communism. Global Financial Data has put together indices of the St.
