Bankers for the big Insull operating properties rubbed their hands in satisfaction last week. The $65,000,000 load of short-term debt left by Samuel Insull had been lifted from the necks of Commonwealth Edison, Peoples Gas, Light & Coke, Public Service Co. of Northern Illinois. Commonwealth and Peoples long-term issues had been gobbled up by investors (TIME, Aug. 15); Commonwealth 5½'s had been quickly bid up 5 points above their issue price. A $20,000,000 Public Service issue was marketed early this week. With independent accountants the bankers had been over the books,...
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