Burrerin No. 20

ureay of
Univarsing e

Tey
“Mois

—=~Deticit (Negative notios)
———3urplus (Positive ratics )

Average
(Mode)
— O10

Average
{ Made)
tan ima LO5%

Average
(Mode)
O52

Average
(Mode)
030 —

A
.

3

24

3

iy
No

§

x

" Rl
i» 3 Cd
RCE TOE I TE Tite 5840
GEBtsguciaiy fe8Baeiatid PHEBaiciané LotBsiieiil
East Middle West West Jouth
Rarios Laxpressed as Fercentages

CHART 43—F REQUENCY DisTrIBUTIONS OF THE SURPLUS-AND-RESERVES-TO-TOTAL-Equities
 Ratios or PusLic UriLity COMPANIES BY
GEOGRAPHICAL DISTRICTS

For the East the mode is highest with .070, but there are fewer
cases grouped about the mode than in the other sections of the country.
The Middle West and the West are similar in their modal ratio, and
also in the degree to which the ratio is typical of the distribution. The
South differs from the others with the low ratio of 03 and the high
concentration of 79 per cent of the cases grouned in three bars out of
a total of 22,
Further differences are brought out as follows «

Middle
East West West ~~ South
Deficits (negative ratios 0-.209)............ 1% 19, 9% 39%
The Middle West has practically no cases with deficits, the South has
3 per cent, while the East and West have respectively 7 per cent and
9 per cent.
In the East a considerable number of companies have been able
to build up substantial surplus and reserve items as shown by those
companies having high ratios. To a less extent this is also true of the
Middle West.