Led by railroad stocks, the Dow's transportation index soared by 23.38 points, to a record 1,802.21.
His father, who lost his savings in railroad stock during the Depression, gave him sound advice, the Senator recalled.
In 1885, when the first Dow Jones stock average was begun, it included 12 railroad stocks, and only two others.
It has an extensive collection of artifacts, mementos and railroad rolling stock.
So did the people who continued to hold railroad stock.
In the nineteenth century we overbuilt railway lines and railroad rolling stock.
Not surprisingly, speculators who like quick returns generally stay away from the sector, and the merger activity has done little to lift railroad stocks.
He became financially successful by investing in bankrupt railroad stock during the Depression.
"We continue to believe that selective railroad stocks are attractive for appreciation objectives."
In 1897, the company created an average for railroad stocks.
