Production of electric power in the U. S. last fortnight amounted to 2,493,993,000 kilowatt hours, which looks like almost as handsome a number as the U. S. 1939 deficit. Actually it is a very handsome number. It means that electric utilities is one industry which is not only producing 12% more than in lowly 1938, not only 10% more than in rattling 1937, but is selling to consumers about 20% more than in luscious 1929.*
Last week U. S. powermen were frantically looking for plants with spare capacity to help out others whose...
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