SECURITIES: Stockholders' Poll

SECURITIES Stockholders' Poll

Lively issue in Wall Street's adjustment to New Deal business standards is the scrap over competitive bidding for utility securities issues. Month ago hardbitten Chairman Floyd L. Carlisle of Consolidated Edison Co. of New York (which has sold $377,982,000 worth of securities since November 1935 through Morgan Stanley & Co.) took a step which would protect him from the future criticism of disgruntled stockholders who may favor competitive bidding. To his 128,791 stockholders he mailed a questionnaire:

"QUESTION: Do you favor that the Board of Trustees shall, in its discretion, at the time of each...

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