BuLrerin No. 20 
COMMON STOCK 
TABLE VId.— TOTAL EQUITIES RATIO BY KIND OF COMPANY 
Frequency distributions of the ratios for public utility 
companies according to tvpe 
Ratio 
Groups 
Totals. ..... 
02-069 
07-119 
12-169 
| 72-210 
22-269 
27-319 
32-369 
37-419 
42-469 
47-519 
EY_SLQ 
Gas and Electric 
Traction 
Holding 
Fre- Per- | Fre- | Per- | Fre- | Per- 
quencies centages quencies centages quencies centages 
527 100. 100 100. 
1 
56 
Q4. 
.09 
C78 
10.63 
15.04 
79 
..62 
436 
2.33 
5.13 
11.54 
13.46 
ad 
372 
78 
64 
64 
2 
14.81 
12.14 
12.14 
5 21 
25 
39 
45 
23 
| 9 
0 
ry 
11.21 
17.49 
20.18 
10.31 
4.04 
4 in 
oa 
25 
9 
17.30 
16.02 
5.77 
9.62 
oy 
33 
6.07 
6.26 
6 !2 
5 
9 
Py 
| 3.21 
5.77 
2.85 
Averages: 
Approximated Mode 
COMMON STOCK 
TABLE Vle— TOTAL EQUITIES RATIO BY SAMPLE YEARS 
Frequency distributions of the ratios for public utility 
companies in selected typical vears 
Ratio 
Groups 
Totals 
02-069 
07-119 
12-169 
17-210 
22-269 
27-319 
32-369 
37-410 
42-4£9 
47-519 
SILKAQ 
War year with 
high prosperity 
101%7% 
Fre- 
11enciese 
Per- 
centages 
Rik 
1 GO 
6.06 
7.58 
9.09 
13.64 
18.18 
18.18 
3.13 
3.03 
£.06 
A OA 
Fairly normal year 
with increasing 
activity 101Q% 
Fre- | Per- 
fniencies centages 
OA 
100 
‘ 
N 
1.26 
4.26 
9.57 
9.57 
20.21 
15.96 
10.64 
9.57 
4.26 
5.32 
6 3% 
‘ 0 
15 
10 
9 
2 
Year of depression 
and declining 
activity 1921% 
Fre- | Per- 
auencies ' centages 
1 “Nn 
on 
1.36 
1.82 
15.45 
10.91 
13.64 
5.45 
1 
f 
c 
4 55 
€.26 
2 A4 
Recent 
year of prosperity 
and normal activ- 
itv 1074% 
Fre- Per- 
auencies | centages 
100 100 
14 
19 
18 
4.59 
12.84 
17.43 
16.51 
7 
15 
13 
4 
6.42 
13.76 
11.93 
3.68 
5.50 
2.75 
41 80Q 
6 ! 
3 
Averages: 
Approximated Mode .... ‘uuu 
*Following the indications of the Harvard B Curve.