The Dow Jones Industrial Average was first published. The average price of the 12 initial stocks was 40.94. #1-General Electric The only company still in existence and trading under original name. #2-American Cotton Oil Company, now part of Unilever. #3-American Sugar Company, now Amstar Holdings. #4-American Tobacco Company, Broken Up. #5-Chicago Gas Company, now part of Integrys Energy Group, Inc. #6-Distilling & Cattle Feeding Company, now part of Lyondell Chemical Company. #7-Laclede Gas Light Company, still in operation as The Laclede Group. #8-National Lead Company, now NL Industries. #9-North American Company, Broken Up. #10-Tennessee Coal part of U.S. Steel. #11.U.S. Leather Company Gone. #12-United States Rubber Company part of Michelin.

1948 U.S.A. Public Housing Building Program 26th May 1948 : A major bill is before congress to provide additional Public Housing from federal funding , currently there are major problems and many of the homes built to put a roof over the head of poorer families are being rented to affluent single bachelors. So many of these projects that were designed to help the most needy are now in the hands of some of those who are in the high income bracket of $4,000 to $6,000 per year and a full reform is needed including the administration of these projects.