The sources of public utility capital

Bibliographic data

Monograph

Identifikator:: 1687964882

URN:: urn:nbn:de:zbw-retromon-102973

Document type:: Monograph

Author:: Pabst, Richard; Niederlein, Gustav http://d-nb.info/gnd/1051326508

Title:: Die technischen Hilfsmittel für den Transport zu Wasser und zu Lande von Fleisch in gekühltem und gefrorenem Zustande

Place of publication:: Berlin

Publisher:: Deutsch-Argentin. Centralverband

Year of publication:: (1913)

Scope:: 47 S.; Ill., graph. Darst.

Digitisation:: 2020

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Tue Sources or PueLic UriLity CaPITAL DISTRIBUTIONS BY KIND OF COMPANY Distributions of the data according to type of operative activity are given in Table Id, Appendix (no chart is given).® Three broad types were chosen: Gas and Electric, Traction, and Holding Com- panies. The modes calculated for these three distributions, and the degree in which they are typical of their respective cases, are as fol- lows : Gas ond Electric Traction Holding .508 .420 .473 43% 429, 49% The Traction Companies have the lowest ratio, followed by the Holding Companies, and Gas and Electric Companies. The ratio for the Gas and Electric Companies is .088 higher than the Traction Com- panies, indicating that the former borrow more of their funds through bonds than the latter. DISTRIBUTIONS BY TYPE YEARS The last analysis which was made of the ratio of long term debt is for selected years covered by the study. Distributions and the modes for four of these years are given in Table Ie. The years chosen are: 1917, a war year with high prosperity; 1919, a fairly normal year with increasing business activity; 1921, a year of depression and declining activity ; and 1924, a recent year of prosperity and normal activity.’ For these selected vears. the modes and percentages are as follows: Modal ratio. .................... Concentration about the mode... ... 1917 .429 4507 1919 1921 1924 .478 .495 .480 4097, 4767, 4997 In these sample years there has been a movement of cases from the lower ratios to the higher ratios. This can be shown by following the trend of cases in one or more class intervals. Percentage of casesin the ratio group: 1077 30-870 cup pemirapnrrswnsivne S100 50-.559.......... SE A Qo TT WA) 1921 1924 139, 129, 179, 169, The class interval, .32-.379, which is below the modal ratios shows that the cases are decreasing in these ratios, while the second group having ratios of .50-.559 shows an increasing number of cases. This might indicate that more companies are burdening themselves with larger bonded indebtedness with the passing of time, although the *In those instances where no charts are given, reference is made to the tables of frequency distributions in the Appendix. "Following the indications of the Harvard B Curve.

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