Business: Milk & Cheese

As sacred as the relationship between iron and steel is the bond between milk and cheese. For this reason Kraft-Phenix Cheese Corp. controls large dairy interests, also sells milk. And for this reason big dairy companies also sell cheese. Yet the first of recent Kraft-Phenix merger rumors concerned not a milk company, but Standard Brands, Inc., which sells yeast, coffee, baking powder. Although this report may have been without foundation, more definite was an announcement that the Reynolds-Hanes interests, which control Kraft-Phenix, and National City Co. had reached an agreement to form a...

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