CHART 5-A. NEW CAPITAL AND EXPENDITURES FOR NEW CONSTRUCTION— TOTAL 1926 TO 1934 INCLUSIVE

1 Excludes security sales for refunding. Includes sales for new capital through investment houses and directly to customers.

Source: Electrical World.

130254-35-68

CHART 5-B. NEW CAPITAL ISSUE BY PUBLIC UTILITIES-1927 AND 1934

CHART 6. INDEX OF STOCK PRICES: UTILITIES, RAILROADS, INDUSTRIALS