Business & Finance: Stone & Webster

To the U. S. public was given last week an opportunity to purchase stock in Stone & Webster, Inc., potent builders and operators of U. S. public utilities. To the public went an offering of 400,000 shares of Stone & Webster, Inc., newly organized as a Delaware corporation. To present large stockholders went 175.000 additional shares. Priced at $100, the new stock im mediately sold "when, as and if" above $107. The new financing will create a 100-million-dollar corporation. Control will remain with the founders,...