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I can only quote from a source that I believe is accurate that being a
Chart created by Richard J. Stillman. "Charles Henry Dow(1851-1902) was a
founder of the Dow, Jones and Company in 1882. He created the Dow Jones
Industrial Average in 1896."
Dow published his first average on July 3, 1884(maybe the reason for the
confusion). Dow published his first list EXCLUSIVELY of industrials in the
spring of 1896. However, it did not appear as a regular feature in the Wall
Street Journal until October 2, 1896. General Electric is the only stock of
the original 12 companies used in the average to remain in the current list
of 30 companies.
Brent
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> From: Ron Griess <rgriess@xxxxxxxxxxxxxxxxxx>
> To: RealTraders <realtraders@xxxxxxxxxxxxxx>
> Subject: Dow History
> Date: Thursday, September 10, 1998 4:17 AM
>
> >The Lowest the Dow has been was 28 and that happened in the year that
the
> >Dow was created in 1896.
>
> Excuse me, but the Dow was created in 1885, not 1896.
>
> Dow Jones publishes a book every 5 years called The Dow Jones Averages.
>
> For those truly interested in the history, components of and statistics
of
> the Dow, the book is a treasure.
>
> Ron Griess
>
>
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