Before 1900
April 21, 1899 Changes to DJIA
Continental Tobacco, Federal Steel, General Electric, American Steel & Wire replaced American Spirits Manufacturing, American Tobacco, Laclede Gas and Standard Rope & Twine
American Cotton Oil
American Steel & Wire
American Sugar
Continental Tobacco
Federal Steel
General Electric Company
National Lead
Pacific Mail Steamship
Peoples Gas
Tennessee Coal & Iron
U.S. Leather pfd.
U.S. Rubber
September 1898 Changes to Dow Jones Industrial Average
U.S Rubber replaced General Electric
American Cotton Oil
American Spirits Manufacturing
American Sugar
American Tobacco
Laclede Gas
National Lead
Pacific Mail Steamship
Peoples Gas
Standard Rope & Twine
Tennessee Coal & Iron
U.S. Leather pfd.
U.S. Rubber
March 24, 1898 Changes to DJIA
Peoples Gas replaced Chicago Gas
American Cotton Oil
American Spirits Manufacturing
American Sugar
American Tobacco
General Electric
Laclede Gas
National Lead
Pacific Mail Steamship
Peoples Gas
Standard Rope & Twine
Tennessee Coal & Iron
U.S. Leather pfd.
December 23, 1896 Changes to Dow Jones Industrial Average
Standard Rope & Twine replaced U.S. Cordage pfd
American Cotton Oil
American Spirits Manufacturing
American Sugar
American Tobacco
Chicago Gas
General Electric
Laclede Gas
National Lead
Pacific Mail Steamship
Standard Rope & Twine
Tennessee Coal & Iron
U.S. Leather pfd.
November 10, 1896 Changes to DJIA
Pacific Mail Steamship replaces U.S Rubber
American Cotton Oil
American Spirits Manufacturing
American Sugar
American Tobacco
Chicago Gas
General Electric
Laclede Gas
National Lead
Pacific Mail Steamship
Tennessee Coal & Iron
U.S. Cordage pfd.
U.S. Leather pfd.
August 26, 1896 Changes to Dow Jones Indutrial Average
Distilling & Cattle Feeding became American Spirits Manufacturing and U.S. Cordage pfd. replaced North American.
American Cotton Oil
American Spirits Manufacturing
American Sugar
American Tobacco
Chicago Gas
General Electric
Laclede Gas
National Lead
Tennessee Coal & Iron
U.S. Cordage pfd.
U.S. Leather pfd.
U.S. Rubber
May 26, 1896 Dow Publishes The First Industrial Average
The twelve stock Average consisted entirely of industrial stocks published for the first time:
American Cotton Oil
American Sugar
American Tobacco
Chicago Gas
Distilling & Cattle Feeding
General Electric
Laclede Gas
National Lead
North American
Tennessee Coal &
U.S. Leather pfd.
U.S. Rubber
The first Dow Jones Industrial Average computed from this list of twelve (12) stocks was 40.94. The DJIA declined gradually during June and July [...]
April9, 1894 Changes to Dow’s First Stock Average
The following substitutions were made:
Deleted from average:
Lake Shore Railroad
New York Central
Pacific Mail Steamship
Added to average:
Chicago, Burlington & Quincy
Chicago, Rock Island & Pacific
American Sugar
January 2, 1886 Changes to Dow’s First Stock Average
The stock average returns to a twelve (12) stock average, ten (10) of which were railroads and two (2) industrials:
Chicago, Milwaukee & St. Paul
Chicago & North Western
Delaware & Hudson Canal
Delaware, Lackawanna & Western
Lake Shore Railroad
Louisville & Nashville
Missouri Pacific
New York Central
Northern Pacific pfd.
Pacific Mail Steamship
Union Pacific
Western Union
February 16, 1885 Changes to Dow’s First Stock Average
List now includes twelve (12) railroad stocks and two (2) industrial stocks:
Central Pacific
Central Railroad of New Jersey
Chicago Milwaukee & St. Paul
Chicago & North Western
Delaware & Hudson Canal
Delaware, Lackawanna
& Western
Lake Shore Railroad
Louisville & Nashville
Missouri Pacific
New York Central
Northern Pacific preferred
Pacific Mail Steamship
Union Pacific
Western Union