MONOPOLY: The Winner?

After eight years, the legendary trust-busting suit against the Aluminum Co. of America quietly, and suddenly, ended last week. In Manhattan's U.S. Circuit Court of Appeals, a special panel of three judges, sitting for the U.S. Supreme Court, held that Alcoa was a monopoly. Few years ago this would have been the biggest trust-busting news since Standard Oil was broken up. Now, in the light of war changes in the aluminum industry, it had little more than academic meaning.

In its nonstop campaign to break up Alcoa, the Government called Board Chairman...