ECONOMIC

TABLE B-86.—State and municipal and corporate securities offered, 1934-76[Millions of dollars]Corporate securities offered for cashYear or quarterState andmunicipalsecuritiesofferedfor cash(principalamounts)Type of corporate securityTotalcorporateofferingsCommonstockPreferredstockBondsandnotesIndustry of corporate issuerManufacturing!Electric,gasandwater 3Transportation»CommunicationOther1934....1939....9391,1283972,16419873721,979676041331,2711761861031940....1941....1942....1943194419451946....1947....1948....1949....1,2389565244356617951,1572,3242,6902,9072,6772,6671,0621,1703,2026,0116,9006,5777,0786,05210811034561633978917796147361831671121243697581,1277624924252,3862,3899179902,6704,8554,8825,0365,9734,8909928485395101,0612,0263,7012,7422,2261,4141,2031,3574724771,4222,3192,1583,2572,1872,320324366481616091,454711286755800902571159964211092113292931,0089461950....1951....1952....1953....19543,5323,1894,4015,5586,9696,3627,7419,5349,5168111,2121,3691,3261,2136318385644898164,9205,6917,6017,0837,4881,2003,1224,0392,2542,2682,6492,4552,6753,0293,7138134949925957783996127608827201,3001,0581,0682,1382,037195519561957195819595,9775,4466,9587,4497,68110,24010,93912,88411,5589,7482,1852,3012,5161,3342,0276356364115715317,4208,0029,9579,6537,1902,9943,6474,2343,5152,0732,4642,5293,9383,8043,258893724824824967,132,419,462,4247172,7572,6192,4261,9912,733I960....1961....1962196319647,2308,3608,55810,10710, 54410,15413,16510, 70512,21113,9571,6643,2941,3141,0112,6794094504223434128,0819,4208,96910,85610,8652,1524,0773,2493,5143,0462,8513,0322,8252,6772,760718694567957982,050,8341,3031,1052,1893,3833,5272,7613,9574,9801965....1966....1967.....19681969.....19701971197219731974197511,14811,08914,28816,37411,46017,76224, 37023, 07022,95322,82429, 32614,78217,38524,01421,26125,99737,45143, 21939, 70431, 68437, 73752, 5271,4731,9011,9273,8857,6407,0379,50210, 7077,6433,9867,4027245808816366911,3903,6823,3703,3412,2543,45912,58514,90421, 20616, 74017,66629,02330,03525, 62720, 70031, 49741,6665,4147,05611,0696,9586,34610,64711,6256,4004,83510, 41018, 6492,9343,6664,9355,2936,71511,00911, 74611,31410, 27012, 83515, 8937021,4941,6391,5641,7791,2531,1668598111,0042,6369452,0031,9751,7752,1725,2915,8154,8354,8673,9284,4634,7873,1674,3965,6718,9859,25212,86716, 29710, 8999,55910,8841975: I..II.IllIV.6,5267,7968,2366,76815,11815,3019,23212,8761,4312,6761,4191,8766629246351,23813, 02511,7007,1799,7626,0516,6982,4203,4804,7364,4073,3263,424855072911,7531,3811,1906781,2142,8652,4982,5163,0041976: I..II.III8,2748,6147,85413, 74413,85210, 7892,7882,4031,42376472043910,19110, 7298,9294,4963,7012,9724,0453,1393,3151,0876051,1937651,8763773,3514,5292,9331 Prior to 1948, also includes extractive, radiobroadcasting, airline companies, commercial, and miscellaneous companyissues.2 Prior to 1948, also includes telephone, street railway, and bus company issues.3 Prior to 1948, includes railroad issues only.Note.—Covers substantially all new issues of State, rrunicipal. and corporate securities offered for cash sale in the UnitedStates in amounts over $100,COO and with terms to maturity of more than 1 year; excludes notes issued exclusively tocommercial banks, intercorporate transactions, and issues to be sold over an extended period, such as employee-purchaseplans. Closed-end investment company issues are included beginning 1971.Sources: Securities and Exchange Commission, "The Commercial and Financial Chronicle," and "The Bond Buyer."287