Tue Sources oF PusLic UriLity CAPITAL

Bureav of Business flesearch
University of linois
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Aatios Lxpressed as Fercentages

CHART 3A—FREQUENCY DISTRIBUTION OF THE CAPITAL-STOCK-TO-ToTAL-EQUITIES
RaT108 OF PusLic UtiLity CoMPANIES, 1915-1924

pecially in the South where three-fourths of all the cases are in three
class intervals out of twelve.
These differences in the percentages are plainly shown by the
types of the distributions given in Chart 3b. The distributions for the
East and West are squat and well spread out, while the distributions
for the Middle West, and especially the South, are tall and concentrated
 near the central bars.

DISTRIBUTIONS BY SIZE OF COMPANIES
Does the size of the company influence or determine the proportions
 of capital stock used in financing public utility companies? An
answer is found to this question by the grouping of the data into com-