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Surprised and pleased last week was SEC Chairman William Orville Douglas by a sudden rush of utility holding companies to register with the commission. Though the constitutionality of the 1935 Public Utility Holding Company Act is still undecided by the Supreme Court, fortnight ago the $570,000,000 United Light & Power Co. voluntarily registered under the act. Last week two more utility holding companies knocked at SEC's door -Engineers Public Service Co., which registered all $369,000,000 of its assets, and Cities Service Co., which asked for exemption for itself but registered the $428,000,000 assets...

Author: /time Magazine | Title: Business: The Government's Week: Mar. 7, 1938 | 3/7/1938 | See Source »

...stockmarket-showed sales exceeding purchases. Since the public had been a consistent buyer during the recent market decline, this suggested to Wallstreeters that the old market adage, "The public is always wrong," was still true. But SEC suspected something else. It launched an investigation to find out whether the sudden change in odd-lot trading was due to an increase in odd-lot short sales caused by professional speculators seeking to avoid the new restriction of round-lot short selling which went into effect Feb. 8.* Lending weight to SEC's suspicion was the fact that short sales have...

Author: /time Magazine | Title: Business: SEC Suspicions | 3/7/1938 | See Source »

...world. There was no fat on it and no luxuriance anywhere; it was Africa distilled up through six thousand feet, like the strong and refined essence of a continent." The natives ("they were afraid of us more in the manner in which you are afraid of a sudden terrific noise, than as you are afraid of suffering and death") she sees as primitives, not as savages...

Author: /time Magazine | Title: Books: Dark Continent | 3/7/1938 | See Source »

This week the Varsity closes its season facing Dartmouth Wednesday and Yale Saturday. Unless a sudden rejuvenation occurs, the Crimson is likely to wind up the season with five wins and seven losses...

Author: NO WRITER ATTRIBUTED | Title: Yale Vanquishes Sextet as Princeton Downs Quintet | 3/7/1938 | See Source »

Then, at a stroke, the murder. Then, with a counterstroke, the murderers, using mealy-mouthed journalese, try to justify their crime. In this sudden contrast of shoddy human self-seeking with rapt spiritual self-abnegation, Eliot gets in a brutal and final punch...

Author: /time Magazine | Title: The Theatre: New & Old Plays in Manhattan | 2/28/1938 | See Source »

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