The Dow Jones Industrial Average debuted in May 26, 1896.  It was comprised of 12 ‘smokestack’ companies.  Twelve years earlier, Mr. Dow’s initial stock average, containing 11 stocks (9 of which were railroad issues) appeared in "Customer’s Afternoon Letter", a daily two-page financial news bulletin that was the precursor of The Wall Street Journal.     Current List of DJIA Stocks JULY 3, 1884 Chicago & North Western Delaware, Lackawanna & Western Lake Shore Louisville & Nashville Missouri Pacific New York Central Northern Pacific pfd. Pacific Mail St. Paul Union Pacific Western Union FEBRUARY 16, 1885 : List of 12 railroad and 2 industrial stocks published: 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 JANUARY 2, 1886:  The above list replaced by a 12 stock average, 10 of which were railroads and 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 APRIL 9, 1894: Following substitutions were made: Delete from average: Lake Shore Railroad New York Central Pacific Mail Steamship Add to average: Chicago, Burlington & Quincy Chicago, Rock Island & Pacific American Sugar MAY 26, 1896: The Average consisted entirely of industrial stocks published for the first time.  (The first average computed from this list of stocks was 40.94. It declined gradually during June and July and on August 8, 1896 stood at 28.48 which is thelowest point on record for the industrial average). American Cotton Oil American Sugar American Tobacco Chicago Gas Distilling & Cattle Feeding General Electric Laclede Gas National Lead North American Tennessee Coal & Iron U.S. Leather pfd. U.S. Rubber Articles: World Savings - Beware of Annuities

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