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.