The Historical Dow by Carl Sundquist
ARTICLE SYNOPSIS ...The Historical Dow
by Carl Sundquist
Recently, The Wall Street Journal completed 94 years of continuous publication of the Dow Jones
Industrial and Railroad (now Transportation) averages. Quite a record. Charles Dow, the first editor and
founder of The Wall Street Journal, is credited with the compilation of the original averages. He did not
use a weighted mean or make adjustments of any nature but simply added the closing price of the stocks
in his averages and divided the total by the number of companies in his list.
The Dow Jones Industrial Average (DJIA) as we know it dates back to Octob...