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...bankers and industrial concerns.* One of its most distinguished tenants is the big company on the 13th floor. When the directors of this company meet, they test its products as well as discuss its affairs. Orange juice from National Juice Corp. slakes their thirst. Dietician Marye Dahnk of Kraft-Phenix Cheese Corp. sometimes makes them cheese sandwiches on a special griddle. Sheffield milk, butter and ice-cream are served from the big refrigerator which adjoins the president's office. For these foods and many others are the stock-in-trade of National Dairy Products Corp., brightest star...

Author: /time Magazine | Title: Business & Finance: Milky Way | 5/25/1931 | See Source »

...building materials). Later Consumers bought Hydrox Ice Cream Co. In 1917 Thomas McInnerney bought Hydrox away from Consumers and planned a dairy products combination on a scale that would have pleased even Paul Bunyan.* Contrary to downtown Manhattan legend, President McInnerney does not sit at his desk munching Kraft-Phenix cheese all day and quaffing Sheffield milk. The quaffing and munching at directors' meetings are only a stunt. Mr. McInnerney's office is a luxurious, paneled room containing much Florentine leather. Next to his interest in music (one of Mrs. McInnerney's closest friends is Soprano Queena...

Author: /time Magazine | Title: Business & Finance: Milky Way | 5/25/1931 | See Source »

...after Consolidated. But he also knew that Consolidated's shareholders had adjourned their meeting because National also had bid for Consolidated. The Beatrice bid approximated $8.45 a share for Consolidated stock which sold as low as $3¼ this year. The National bid approximated $9.93. Through Kraft-Phenix Cheese, National has properties in California. But not until last week did it really enter the Pacific Coast field. This it did by acquiring Golden State Milk Products Co., a concern with 3,200 employes, sales of $34,000,000 and a net income of $1,062,000 last year. That...

Author: /time Magazine | Title: Business & Finance: Milky Way | 5/25/1931 | See Source »

Perhaps most interesting of Selected Industries' selections is 136,436-700/1000111 shares of National Dairy Products Corp. In 1929, before the break, it was known that Selected Industries had large holdings in Kraft-Phenix Cheese Corp. and hoped to merge that company with some others (Hershey Chocolate, Colgate-Palmolive-Peet) under the name Quality Products. The market broke, the bank interested in the deal lost interest, Kraft-Phenix finally was acquired by National Dairy Products, and another plan went to corporate ghostland...

Author: /time Magazine | Title: Business: Tri-Continental | 5/11/1931 | See Source »

...vault of the Chatham Phenix National Bank & Trust Co. on Fifth Avenue, Manhattan, lies a silver cup of great antiquity. It is believed by many to be the Holy Grail which according to legend vanished mysteriously after Sir Galahad took it to the city of Sarras in the East. The cup is known as the Great Chalice of Antioch, where it was discovered in 1910 by some excavating Arabs. It has been since 1914 the property of Fahim Joseph Kouchakji. a Syrian Catholic born in Aleppo who became a U. S. citizen last week. Art Collector Kouchakji was planning last...

Author: /time Magazine | Title: Religion: Grail? | 4/13/1931 | See Source »

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