Customer Reviews

The Dow Jones Averages 1885-1995

5 star:		(1)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

If you need this book, you know you need it. It contains a daily history of the Dow Jones Averages (Industrials, Transports/Rails, Utilities and Bonds (early is 40 bond, later is 20 bond). Of particular value is the very early history of the initial Dow Averages (pre-modern era). The list of component stocks, and dates of changes is also very useful. Watching them pull the moribund typewriter/adding machine company, International Business Machines, from the DJIA, and then re-insert it (after it was a behemoth, on the verge of playing dinosaur to the DEC minicomputers) is great reading.

There are several introductory articles included that are why I only rate it at 4 stars. Those articles aren't worth the time to read.

A few words of caution: While this is a great resource for those wanting to check on data, it is not perfect. First, it does not contain the Dow Jones 65 Stock Composite Average. It also does not contain the history of the divisors. Many of the pages are copies of pages from earlier editions. That means that it is not unusual to find digits that are only partially readable. Finally, the book does contain errors. A simple check of whether the close is between the high and the low will find quite a few.

As I type, it is almost the end of 2001, and the 1885-2000 update has not yet been published. That is late, and is a concern.

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