The following were news last week: Floyd Leslie Carlisle, chairman of Niagara Hudson Power Co., was elected chairman of New York Edison Co., big subsidiary of Consolidated Gas Co. of New York. Immediately after the death of Edison-Chairman Nicholas Frederic Brady (TIME, April 7), Mr. Carlisle was added to the Edison and Gas directorates. Then, as again last week, the news started many a rumor of a vast merger between Consolidated Gas and Niagara Hudson Power.
Oliver G. Lucas, vice president of Chase National Bank, was made president of Canal Bank & Trust Co., New Orleans. A year ago Chase was supposed to have acquired a big interest in Canal Bank.