Word: phenix
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Lucky Strikes. Lead-off endorser in the other campaign-of-the-week was no vaudevillian but Brig.-General Samuel McRoberts, Chairman of Chatham Phenix National Bank & Trust Co. Banker McRoberts said: "Making friends and holding them by a friendly up-to-date usefulness is the secret of success in business. This axiom has been the guiding force in the progress of Chatham Phenix National Bank & Trust Co. And it is obviously the guiding force in your business ?as evidenced by your use of ultra violet ray in the 'toasting' of the Lucky Strike tobaccos...
This article obviously leaves the impression with the reader that this idea and the Price's by which it is carried out were discovered by Mr. Kraft of the Kraft-Phenix Cheese Corporation and developed under his direction at Rutgers University...
...facts of the case are that the product of this type which the Kraft-Phenix Corporation is manufacturing, known as Velveeta, is made under a license issued by the Pabst Corporation of Milwaukee, who are the owners of the existing patent covering this process...
...Pabst Corp. due credit for the process by which whey cheese is made and for which Kraft-Phenix holds a Pabst-issued license (but pays no royalties). It is also true, however, that Kraft's Velveeta differs from Pabstett in being made from powdered whey instead of concen- trated whey, this difference being a Kraft elaboration of the Pabst process...
...Kraft-Phenix will be acquired through an exchange of cash and securities, at a cost to National Dairy of about $73,000,000. Kraft-Phenix has an annual sales volume of around $85,000,000 which, together with other recent National Dairy acquisitions, will jump its sales to approximately $400,000,000 per year, by far the greatest in the dairying industry...