Business: Steam to Gas

Largest of gas, electric light and power companies is the billion-dollar Consolidated Gas Co. of New York. Last week it was reported that Consolidated Gas has control of a 50-million-dollar utility which is almost unique in service rendered.

The new company to join the Gas system is New York Steam Corp., whose function is to furnish steam for heating and power purposes. The root of New York Steam Corp. was New York Steam Co.. founded in 1880. During the War, New York Steam Co. had fuel troubles, went bankrupt in 1921. Since its reorganization...

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