Business & Finance: Deals & Developments

Corn Sugar Ruling. Officials of the $126,000,000 Corn Products Refining Co. were jubilant last week. Secretary of Agriculture Hyde ruled that corn sugar may be used in foods without declaring it on the label. Corn Products Refining makes 400,000 Ib. of corn sugar per day, now plans to double its capacity, build a million-dollar plant. The company's trademarked products include: Argo starch; Mazola oil; Karo syrup; Linit starch; Cerelose white sugar; Kremel pudding powder.

Karps' Carp. One Sol Karp and other minority stockholders of Pathe Exchange, Inc., last week sought to block Pathé's merger with Radio-Keith-Orpheum Corp. (TIME, Dec. 15), charging insufficient consideration from RKO.

U. S. Electric to Founders. One of the many groups participating in the formation of United States Electric Power Corp. in 1929 was United Founders. Last week Founders announced that it has secured voting control of U. S. Electric, whose consolidated balance sheet shows more than $1,000,000,000 in assets.