Bondsalesmen last week stopped twiddling their thumbs and began to telephone clients.* Bankers had decided to "test the market" by offering three large utility issues. Each of the issues ($30.000,000 in Consolidated Gas Co., $10,000,000 in Brooklyn Union Gas Co., $25,000,000 in Edison Electric Illuminating Co. of Boston) sold well. An offering of $7,500,000 in Connecticut Light & Power followed quickly. But some observers were prone to temper their optimism. Edison Electric will not need the new funds until October when a $20,000,000 note issue matures. It seemed that the company's...
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