9 
sf 
Se 
Tue Sources oF Pusric UriLity CAPITAL 
-—-Detieit {Neqotive ratios) 
——Surplusl Positive rotiog) 
Bureay of 
IF Te 
Averages 
(Moda) 
050 1 
Average wos Average 
(Node) (Mode) 
081 4 080 
” 
iy 
A 
So 
9 
Qe 
r 
N. 
x 
* * | 
ln NER Lu] _ IL, 
Lo e222 wl v 3 EE 
hae; fo SHERT DIR oy¥r EIA D0, oy. adiRy 
§98%triotacy foffiiiaaat §EESiiicyia 
5-9 Tilions of Assets 10-49 Millions of Assets SO/filions or over of Assely 
Fafios Lapressed as Fércente- 
CHART 4c—FREQUENCY DISTRIBUTIONS OF THE SURPLUS-AND-RESERVES-TO-TOTAL- 
Eourties Ratios or PusLic UtiLity COMPANIES BY S1zE oF COMPANY 
Percentage of cases with positive ratios of .15 East Md ? West South 
Or OVer...... .. 33% 22% 5% 7% 
These figures show that one-third of all the cases in the East had 
surplus and reserve items greater than 15 per cent of their total equities, 
whereas in the Middle West the percentage of cases with a ratio of 
over .15 is 22 per cent. The West and South have respectively 5 per 
cent and 7 per cent of the cases with a ratio of over .15. 
DISTRIBUTIONS BY SIZE OF COMPANIES 
Using the amount of total equities of the companies as the basis 
of classification the cases were grouped into those with 5-9 millions of 
equities, 10-49 millions of equities, and 50 millions of equities and over. 
These three distributions are given in Chart 4c. 
The approximated modes for each of these three groups and their 
respective percentage figures are as follows: 
Companies with Companies with Companies with 
Total Equities Total Equities Total Equities 
of 5-9 of 10-49 of 50 millions 
millions millions and over 
Modal ratio. ..........cvn.tn .050 .051 .080 
Concentration about the mode. 559, 529; 479,