Business & Finance: Cheaper Calling

When the Federal Communications Commission began a public investigation of American Telephone & Telegraph Co. last spring, a prime charge against the big telephone monopoly was that its long-distance call profits were too fat. Ever since 1926, however, A. T. & T. has found that profits spring from volume rather than high rates. Last week it reduced long-distance rates for the seventh time in ten years.

Under the new schedule, a three-minute call from Manhattan to San Francisco costs $7.50 on weekdays, $4.50 on Sundays. Manhattan to Chicago: $2.50 on weekdays, $1.35 on Sundays....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!