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===Initial components=== Dow calculated his first average purely of industrial stocks on May 26, 1896, creating what is now known as the ''Dow Jones Industrial Average''. None of the original 12 industrials still remain part of the index.<ref>{{cite news | url=https://www.forbes.com/sites/steveschaefer/2011/07/15/the-first-12-dow-components-where-are-they-now/ | title=The First 12 Dow Components: Where Are They Now? | first=Steve | last=Schaefer | work=[[Forbes]] | date=July 15, 2011 | access-date=September 15, 2019 | archive-date=January 5, 2018 | archive-url=https://web.archive.org/web/20180105233647/https://www.forbes.com/sites/steveschaefer/2011/07/15/the-first-12-dow-components-where-are-they-now/ | url-status=live }}</ref> * '''American Cotton Oil Company''', a predecessor company to [[Hellmann's and Best Foods]], now part of [[Unilever]].<ref name=first12/> * '''[[American Sugar Refining Company]]''', became Domino Sugar in 1900, now [[Domino Foods, Inc.]]<ref name=first12/> * '''[[American Tobacco Company]]''', broken up in a 1911 [[antitrust]] action. * '''Chicago Gas Company''', bought by [[Peoples Gas]] Light in 1897, was an operating subsidiary of the now-defunct [[Integrys Energy Group]] until 2014.<ref name=first12/> * '''Distilling & Cattle Feeding Company''', now [[Millennium Chemicals]], formerly a division of [[LyondellBasell]].<ref>{{cite press release | url=https://lyondellbasell.mediaroom.com/index.php?s=43&item=54 | title=Lyondell Completes Acquisition of Millennium Chemicals | publisher=[[PR Newswire]] | date=December 1, 2004 | access-date=September 15, 2019 | archive-date=November 26, 2020 | archive-url=https://web.archive.org/web/20201126184036/https://lyondellbasell.mediaroom.com/index.php?s=43&item=54 | url-status=live }}</ref><ref name=first12>{{cite news | url=https://www.fool.com/investing/general/2013/04/09/what-happened-to-the-first-12-stocks-on-the-dow.aspx | title=What Happened to the First 12 Stocks on the Dow? | first=Alex | last=Planes | work=[[The Motley Fool]] | date=April 9, 2013 | access-date=September 15, 2019 | archive-date=November 11, 2019 | archive-url=https://web.archive.org/web/20191111224939/https://www.fool.com/investing/general/2013/04/09/what-happened-to-the-first-12-stocks-on-the-dow.aspx | url-status=live }}</ref> * '''[[General Electric]]''', still in operation, removed from the Dow Jones Industrial Average in 2018.<ref name=first12/> * '''[[Laclede Gas Company]]''', still in operation as [[Spire Inc]], removed from the Dow Jones Industrial Average in 1899.<ref name=first12/> * '''National Lead Company''', now [[NL Industries]], removed from the Dow Jones Industrial Average in 1916.<ref name=first12/> * '''[[North American Company]]''', an [[electric utility]] [[holding company]], broken up by the [[U.S. Securities and Exchange Commission]] (SEC) in 1946.<ref name=first12/> * '''[[Tennessee Coal, Iron and Railroad Company]]''' in [[Birmingham, Alabama]], bought by [[U.S. Steel]] in 1907; U.S. Steel was removed from the Dow Jones Industrial Average in 1991.<ref name=first12/> * '''[[United States Leather Company]]''', dissolved in 1952.<ref name=first12/> * '''[[United States Rubber Company]]''', changed its name to Uniroyal in 1961, merged with private [[Goodrich Corporation]] in 1986, tire business bought by [[Michelin]] in 1990.<ref name=first12/> The remainder of Goodrich remained independent until it was acquired by [[United Technologies]] in 2012 and became a part of [[UTC Aerospace Systems]], now [[Collins Aerospace]], a [[Raytheon Technologies]] subsidiary.
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