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 Sources or PusLic UrtiLity CAPITAL 31 The smallest companies, those with 5-9 millions of total equities, have the largest dominant ratio group, .20-.239, and those companies with 10-49 millions of total equities have the greatest number of cases in the group .16-.199. In sharp contrast to these smaller companies, the companies with 50 millions of equities or over have their greatest number of cases in the very low ratio group of .04-.079; ie., for these largest companies, more cases had a ratio of Preferred Stock between 4 per cent and 7.9 per cent of the total equities than for any other class interval. + DISTRIBUTIONS BY KIND Distributions of the data for Gas and Electric Companies, Traction Companies, and Holding Companies are given in Table Vd. The Gas and Electric and Traction Companies have fairly symmetrical dis- tributions, but the Holding Companies do not have any distinct central tendency. The approximated modes and the percentage of cases con- centrated about the modes are as follows: Modal ratio. ........ Concentration about the moc - Gas and Electric Traction 141 .156 579% 519, The type of distribution obtained for holding companies does not lend itself to the calculation of a typical average. DISTRIBUTIONS BY TYPE YEARS Frequency distributions of the ratios of Preferred Stock to Total Equities are given for the years 1917, 1919, 1921, and 1924. These distributions which are given in Table Ve are not all symmetrical and are not satisfactory for the calculation of typical ratios. The class intervals in which the greatest percentage of cases fall for each year are as follows: 1917 1919 1921 1924 Class interval........... eee. 12-159 16-199 .... .16-.199 Concentration about the interval....... 350% 519, 579% For the year 1917 the dominant bar is for the class interval next below those for 1919 and 1924. No class interval is given for 1921, because it has no distinct central tendency.. There is not a great deal of difference in the concentration of cases as shown by 50 per cent in 1917 and 57 per cent in 1924.

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