I'ue Sources oF Pusric UrtiLity CAPITAL

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CHART 6A—FREQUENCY DisTriBUTION OF THE COMMON-STOCK-TO-TOTAL-EQUITIES
Ratios oF PusLic UtiLity CoMPANIES. 1915-1924

respectively. The West, which has such a high ratio of common stock,
has the lowest percentage figure, namely 41 per cent, which shows that
there are fewer companies in the West whose ratios approximate the
high typical ratio of .424 than there are in other geographical sections.

DISTRIBUTIONS BY SIZE OF COMPANY
The frequency distributions for companies according to the amount
of their total equities are given in Table VIc. The cases are grouped
according to those having total equities of 5-9 millions, 10-49 millions.
and 50 millions and over.
For the companies with from 5-9 millions of equities, there does
not appear to be any single typical type of financing as shown by the
distributions of ratios. Seven bars out of eleven each contain more
than 10 per cent of the cases. The companies with 10-49 millions of