Annualized Returns: 1877 - 1926
All Stocks: 8.06%
Railroad Operating Companies*: 7.58%
Railroad Equipment Companies**: 12.89%
*(Survivors subsumed into Big 6 -- UNP, CSX, NSC, CNI, CP, BNSF)
**(Survivors subsumed into, eg, WAB, ALO (Euro),
TRN, business lines of GE, etc.)