Business: Boston Edison

During the early part of last week stockholders of Edison Electric Illuminating Co. of Boston were proud of their investment. They knew their company was in a strong position, furnishing electric light and power to a population of 1,280,000 in Boston and 37 neighboring towns. They knew it had recently soared to 440 on the announcement of a four-for-one split-up.

Later in the week stockholders of Boston Edison sourly wished their company had never decided to split up its stock. The Massachusetts Department of Public Utilities unexpectedly refused to grant the reduction in...

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