Alcoa Stays

In Manhattan's federal court, Judge John Knox sighed: "This is the end of a long period of litigation, and I should think that you would sing the Doxology."

On that note, the U.S. Government's 14-year-old monopoly suit against the Aluminum Co. of America ended last week. Both sides said they intended no appeal from Judge Knox's decision last June, in which he had refused to break up Alcoa, and declared that effective competition now exists in the aluminum industry. Judge Knox had also ordered big stockholders in both Alcoa and Aluminium Ltd. of Canada to get rid of holdings in one of the companies. At the final court session, Alcoa stockholders, who control 35% of the Canadian company, agreed to sell that stock over a ten-year period.

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