By purchase, consolidation and merger, last week, units of many a U. S. industry were juggled into new and piquant positions. Of these deals, the most significant follow:
Power. For years engineers have prophesied a day when utility companies would be so integrated that the richest sources of power (like Niagara, the St. Lawrence, the Susquehanna) will be connected in one great, centrally-controlled system. Only by such unification can electric energy become generally abundant and cheap. Last week their super-power era seemed perceptibly nearer.
J. P. Morgan & Co., Drexel & Co., Bonbright...
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