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Posted on 25 March 2011 | 6,295 views

1929 thru 1932 DJIA Bear Market Performance

It took almost three years for the “Dow” to reach the bottom. The 1929 crash was a dramatic drop with the Dow dropping almost 50% in just over two months. However, the Dow’s decline was far from over in terms of either extent or breadth. The market continued its decline for another two and a half years — through the first half of 1932.

The Dow had at least six “False Starts” that might have led an investor to believe that the bear market was finally over. Five of the rallies throughout 1929 — 1932 would qualify technically as “Bull Markets” — as the market rose more than 20%. All of these were technically “Bear Market Rallies” as the resulting stock market highs were lower than the previous highs, and the following lows were lower than the previous lows.

The Dow closed at an all-time low of 41.22 on July 8, a shattering 89% decline from the peak.

This is how some of the Dow Jones Industrial Average stocks performed from October 27, 1929 thru July 28, 1932.

Allied Chemical
October 27, 1929 Closed at $281.00
July 28, 1932 Closed at $55.50
American Can
October 27, 1929 Closed at $153.50
July 28, 1932 Closed at $38.50
American Smelting
October 27, 1929 Closed at $97.75
July 28, 1932 Closed at $10.50
American Sugar
October 27, 1929 Closed at $72.50
July 28, 1932 Closed at $22.50
American Tobacco B
October 27, 1929 Closed at $217.00
July 28, 1932 Closed at $63.625
Atlantic Refining
October 27, 1929 Closed at $49.75
July 28, 1932 Closed at $15.50
Bethlehem Steel
October 27, 1929 Closed at $103.50
July 28, 1932 Closed at $13.25
Curtis-Wright
October 27, 1929 Closed at $14.875
July 28, 1932 Closed at $1.00
General Electric
October 27, 1929 Closed at $297.50
July 28, 1932 Closed at $14.00
General Foods
October 27, 1929 Closed at $54.25
July 28, 1932 Closed at $25.00
General Motors
October 27, 1929 Closed at $54.00
July 28, 1932 Closed at $10.125
International Harvester
October 27, 1929 Closed at $100.25
July 28, 1932 Closed at $16.75
International Nickel
October 27, 1929 Closed at $45.875
July 28, 1932 Closed at $6.125
National Cashregister
October 27, 1929 Closed at $94.00
July 28, 1932 Closed at $9.00
North American
October 27, 1929 Closed at $114.625
July 28, 1932 Closed at $20.00
Paramount Publix
October 27, 1929 Closed at $60.00
July 28, 1932 Closed at $3.25
Radio Corporation – RCA
October 27, 1929 Closed at $58.625
July 28, 1932 Closed at $6.00
Sears Roebuck
October 27, 1929 Closed at $127.25
July 28, 1932 Closed at $15.25
Standard Oil (NJ)
October 27, 1929 Closed at $72.75
July 28, 1932 Closed at $20.625
Texas Corporation
October 27, 1929 Closed at $58.75
July 28, 1932 Closed at $13.50
Union Carbide
October 27, 1929 Closed at $104.00
July 28, 1932 Closed at $17.50
US Steel
October 27, 1929 Closed at $203.50
July 28, 1932 Closed at $27.625
Woolworth
October 27, 1929 Closed at $87.00
July 28, 1932 Closed at $30.375
Westinghouse Electric
October 27, 1929 Closed at $179.25
July 28, 1932 Closed at $22.625

This is how some popular stocks performed from October 27, 1929 thru July 28, 1932.

International Business Machines – IBM
October 27, 1929 Closed at $220.00
July 28, 1932 Closed at $72.125
Coca-Cola

October 27, 1929 Closed at $144.75
July 28, 1932 Closed at $84.50
AT&T
October 27, 1929 Closed at $266.00
July 28, 1932 Closed at $87.00
Eastman Kodak
October 27, 1929 Closed at $224.00
July 28, 1932 Closed at $43.75
Dupont
October 27, 1929 Closed at $166.50
July 28, 1932 Closed at $28.375
Penny JC
October 27, 1929 Closed at $101.00
July 28, 1932 Closed at $17.50
Anaconda Wire and Cable Company
October 27, 1929 Closed at $69.50
July 28, 1932 Closed at $6.25

Resources:

The Pittsburgh Press
The Telegraph-Herald

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One Comment »

  • free share tips said:


    It was really control of bear from 1929 to 1932 for “DOW”. Nice data of of the different stocks. All were cracked like the palace of cards!! Nice post !!!

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By the time the stock market crash had reached the bottom in 1932 stocks had