In 1920 Thomas Henry McInnerney was doing a million-dollar-a-year icecream business in Chicago. Still Mr. McInnerney was not satisfied. He thought there might be more money in milk. Last year Mr. McInnerney's National Dairy Products Corp. made $9,338,000 on milk, cheese, butter & ice-cream sales of $290,000,000. Last week National Dairy announced a prospective $62,545,000 bond issue largest industrial registration since the Securities Act was passed in 1933. Mr. McInnerney's idea about milk had been well founded.
The bond issue will represent the refunding of existing debt. National Dairy has outstanding $65,839,000 of debentures due in 1948 with interest...
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