The sources of public utility capital

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Monograph

Identifikator:: 1765274494

URN:: urn:nbn:de:zbw-retromon-144018

Document type:: Monograph

Title:: The sources of public utility capital

Place of publication:: Urbana

Publisher:: University of Illinois

Year of publication:: 1928

Scope:: 52 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: V. The ratio of preferred stock to total equities

Collection:: Economics Books

THE Sourcis or PusLic UriLity CAPITAL 35 the previous discussion of the ratios, the years selected are 1917, 1919, 1921, and 1924. The class intervals which have the most cases in them and which represent the center of greatest concentration for each year are as follows: 1917 1919 1921 1924 Class interval with most cases .27-.319 .22-.269 .17-.219 .12-.169 Concentration about interval. 509, 469%, 449, 479, The most interesting fact here is the shifting of the class interval. For each of the.years given above, the dominant class interval has shifted to the next lower interval. Whereas 50 per cent of the cases had ratios approximating .27-.319 in 1917, 47 per cent of the cases have ratios approximating .12-.169 in 1924. The size of the ratio group has been cut in half during the period 1917 to 1924, from .27-.319 to .12-.169. In spite of this rapid lowering of the ratios of Common Stock to Total Equities, the percentage of cases concentrated about these ratios is almost as high in 1924 with 47 per cent as it was in 1917 with 50 per cent. Although the vears chosen for analysis are years of differing business prosperity, the degree of prosperity.seems to have little, if any, effect upon the downward trend of the ratios of Common Stock to Total Equities.

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