UTILITIES: Pat on the Back

Of the Big Three U. S. utility magnates, Floyd Carlisle (Niagara Hudson and Consolidated Edison) and Wendell Willkie (Commonwealth & Southern), are lawyers Only C. (for Clarence) E. (for Edward) Groesbeck (Electric Bond & Share) is an operating man, trained climbing poles instead of chasing commas. Hard-boiled Mr. Groesbeck, who goes his own way, is also different in another respect. He figures that the Administration has the money and the power, that there is more percentage in trading with the New Deal than in bucking it. Last week this notion of his...