27 SEPTEMBER 1930, Page 32

* * * * UNITED MOLASSES.

It never rains but it pours, and in addition to other depressing influences, the industrial market has been affected this week by the postponement of the interim dividend on United Molasses shares. Accompanying the notice of the non- payment of an interim dividend, however, shareholders were informed of a closer arrangement with the Distillers Company, which has agreed to an exchange of shares apparently to extend to 0575,000 of United Molasses shares which are to be created to permit of an exchange of Molasses shares at a rate of two for every Distillers share.