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...Last week buttery oil and sudsy oil flowed together in a merger of a great margarine company and a great soap company. The margarine company was Margarine Unie, a Dutch concern which, with its British affiliate, Margarine Union, is Europe's largest margarine producer. The soap company was Lever Bros., which, with some 200 associated companies, is world's largest soap maker. Inasmuch as both Margarine Union and Lever Bros, control their sources of raw materials and also operate chain store systems through which their finished products reach the consumer, the merger represented one of the largest and most integrated...
...daily grist of modernism, one more merger in a merging world. It was announced that Carnation Milk Products Co., whose head office is at Oconomowoc, Wis., whose common shares (435,440 of $25 par) sell at about $48 on the New York Curb, had arranged to acquire Albers Bros. Milling Co. of Oregon. Two and one-half shares of Carnation common stock were offered for each share of Albers preferred, two shares of Carnation common for one of Albers common...
...Albers Bros., millers of cereals, flours, mixed feeds, importers and exporters of grain, sell their products under many brands ("Albers," "Peacock," "Del Monte," "Sunripe") and one of the chief brands is "Carnation Wheat Flakes." A rising generation, beneficiary of combination, may thus have childhood memories of Carnation milk upon Carnation cereal...
Awarded. By Harper & Bros, to Julian Green, for writing The Dark Journey...
Just six weeks after Clarke Bros., private bankers, failed in Manhattan (TIME. July 22), the four partners appeared before this double court, pleaded guilty, were sentenced. James Rae Clarke, senior partner, assumed full responsibility for the crash. He was sentenced by the Federal Judge to eight years in the overcrowded Atlanta penitentiary for using the mails to defraud and for conspiracy. Philip L. Clarke, John R. Bouker and Hudson Clarke Jr. each received a sentence of one year, one day. The state judge imposed the same penalties but suspended sentence declaring that the Federal sentences served the cause of justice...