Business & Finance: Immediate Orders

To the utility industry it has lately become apparent that the New Deal handwriting is on the wall. Last month legalistic skirmishings ended when Chairman C. E. Groesbeck of Electric Bond & Share agreed to file integration plans in keeping with the holding company ''death sentence'' (TIME, Oct. 24). Last week the industry poked a hole in the dam that has held back some $3,000,000,000 worth of replacements and expansions in the last two years. On the face-saving excuse that the utilities must be geared for national defense, 16 potent utility financiers on...

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!