Business & Finance: A Larger Largest

The largest power pool of a fortnight ago, last week became a part of a larger largest power pool. A fortnight ago Thomas N. Carter of Public Service Gas & Electric Co. of New Jersey announced the merger of his company with Philadelphia Electric Co. and Pennsylvania & Light Co. (TIME, Sept. 26). Their transmission lines of 208 miles represented the largest linkage yet. Last week directors of the company of which Mr. Carter's is a subsubsidiary—United Gas Improvement*—agreed with directors of the Philadelphia Electric Co. (already a part of the earlier merger) to pool...

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