Business & Finance: Biggest Millers

President James Ford Bell of the Wash-burn-Crosby Co. of Minneapolis, biggest millers in the world, announced last week the formation of a bigger corporation—General Mills, Inc.—headed by himself. It is really a financial reorganization and expansion of the Washburn-Crosby Co. ("Eventually—why not now"). The smaller mills absorbed are Red Star Milling Co. of Wichita, Kan., Royal Milling Co. of Great Falls, Mont., Kalispell Milling Co. of Kalispell, Mont., Rocky Mountain Elevator Co. of Montana. As authorized capital, General Mills, Inc., has $50,000,000 of preferred stock and 1,000,000 shares of no par common stock.