Where are they now? The 12 members of the original 1896 Dow Jones industrial average (GE)


When the Dow Jones industrial average was created in 1896, it had about a dozen stocks.

Apple's addition to the current list of 30 American conglomerates, in March 2015, shows just how far the index has come — it's no longer focused only on "industrial" companies.

Apple replaced AT&T, known as American Telephone & Telegraph when it joined the Dow in October 1916.

It took 77 years for the Dow to hit its first 1,000-point milestone. In 2017 alone, it has recorded five of those and is nearly at 25,000.

This index has seen a lot of turnover in its history, and only one of the original 12 members still holds a spot in it.

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American Cotton Oil Company

What it did: It formed as a trust after several mill owners in Texas and Arkansas combined syndicates to regulate the price of seeds. It became a corporation in 1889 after the trust was dissolved through a lawsuit.

Where it is now: It evolved into a company that became part of Unilever, the maker of consumer products including Dove soap and Lipton tea. The original company was dropped from the Dow in 1901.

Sources: Scripophily, Wikipedia

American Sugar Company

What it did: It was the largest American company in the sugar-refining business in the early 20th century, with investments in the Caribbean. It was established in 1891 with $50 million in capital.

Where it is now: It has since been acquired by American Sugar Refining Inc., whose products include Domino Sugar. It was dropped from the Dow in 1930.

Source: Wikipedia

American Tobacco Company

What it did: The American Tobacco Company acquired over 200 competitors to become the dominant player in the industry. It was founded in 1890.

Where it is now: The Supreme Court ordered it to dissolve following an antitrust lawsuit. It splintered into many smaller companies and renamed itself Fortune Brands. It was dropped from the Dow in 1985.

Source: Wikipedia

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