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...Peavey & Co. of Minneapolis, a top U.S. grain-storage and flour firm, surprised the industry by advertising to buy control of a big producing company. In newspaper ads, Peavey announced that it would pay $36 a share (v. $20.12½ market price) for 165,000 shares (about 70%) of the outstanding common stock of Russell-Miller Milling Co., fourth biggest flour producer. If the deal goes through, Peavey will become the third largest U.S. flour firm, topped only by General Mills and Pillsbury Mills...

Author: /time Magazine | Title: Time Clock, Dec. 28, 1953 | 12/28/1953 | See Source »

...Recipe: 1 cup finely chopped nuts; 2 ounces sweet or semisweet chocolate; 2½ cups sifted flour; 4½ teaspoons double-acting baking powder; 1teaspoon each of salt and vanilla; 1½ cups sugar; ZA⅔ cup shortening; 1¼cups milk; ⅔ cup unbeaten egg whites. Sift together flour, baking powder, salt and sugar. Add shortening, milk and vanilla; beat 1½ minutes, 150 strokes per minute, until well-blended. Add egg whites; beat 1½ minutes. Spoon 1¼ of batter over nuts spaced evenly over two well-greased, lightly floured 9-in. round layer pans. Sprinkle with...

Author: /time Magazine | Title: SELLING: Pillsbury's Best | 12/28/1953 | See Source »

...this general rule, Athanassios, an engineer aboard a tiny cargo vessel called the Dynamo, did trust his young brother Christakis well enough to get them both free. One night last week, as the Dynamo's captain, Vassilis Kotzis, and two Communist soldiers assigned to guard his cargo of flour and tires were waiting to set sail in the harbor at Valona Athanassios turned up on board with a surprise-some rare white bread, cheese and good red wine. "From a cousin's wedding," he explained as he disappeared into the galley to prepare the feast...

Author: /time Magazine | Title: ALBANIA: The Captain's Decision | 12/7/1953 | See Source »

When Seth Ramkrishna Dalmia was 18 he made his first million. Today at 60, Dalmia controls flour and sugar mills, cement and chemical plants, coal mines, banks, insurance companies and six news papers, including the influential Times of India. He is said to be India's third rich est industrialist.* Along the way, Dalmia has come to believe that he is indeed one among men, possessing unusual spiritual qualities. "I shall die peacefully with a smile on my face, "he once wrote, "an enviable state unattainable by ordinary men." And in the style of Indian saintly ones...

Author: /time Magazine | Title: INDIA: No Ordinary Person | 12/7/1953 | See Source »

...being felt in backward countries, where the U.S. and Western Europe, by exporting capital and know-how, are setting up a "spiral of industrialization" which will mechanize underdeveloped areas. Say the Woytinskys: "This is a one-way road, and there is no going back to grinding grain and making flour at home...

Author: /time Magazine | Title: PRODUCTION: 2000 A.D. | 11/30/1953 | See Source »

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