The first, and lowest, ratio-group was the largest group in the hold- 
ing companies. Almost 30 per cent of the holding company cases 
falls in the lowest ratio-group, as compared with 5 per cent and 2 per 
cent in the lowest group of the other two classes of companies. 
Bureau or Buswess Reseancy 
Unmversiry oF liinols-Re 
Ayeorg dvepace AVERAGE 
" ( - (Moor) (Mone) 
t 
% 
< 
Nos ¢ Pa 3X8 § 88 3X58 
8 34 oR e 1% §3 83 8 28% 338 2 
GAs AND LLECTRIC TRACTION HoLomwe COMPANIES 
Ratios Lxpressed as Rercentages 
CuarT 2e—FRreEQuENCY DISTRIBUTIONS OF THE REVENUE-TO-NET-WORTH 
Ratios or Pusric UriLiry Companies By Type oF ComMpPANY 
The class of greatest concentration is here the first ratio-group. There- 
fore no average is shown. The average (mode) for gas and electric com- 
panies and for traction companies are practically identical with the 
average (mode) of all the 1417 cases as shown on Chart 2a. 
-