Word: milnor
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Dates: during 1930-1939
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Clamp-jawed George Sparks Milnor, head of U. S. Grain Stabilization Corp., sat at his desk in Chicago last week showing obvious signs of fatigue. His face was taut and tired, but his heavy-lidded eyes sparkled with satisfaction. For more than a fortnight his shoulders alone, Atlas-like, had steadfastly supported the price of wheat...
...Grain Stabilization Corp.; George S. Milnor, general manager. This agency bought and now holds for the farm board 69.000.000 bu. of wheat...
Though the Farm Board would buy no more wheat - it is already about $15,000,000 in the red on its current holdings - George Sparks Milnor, president of Grain Stabilization Corp., the Board's market agency, did declare: "The grain trade need have no apprehension of competition from wheat held by Grain Stabilization Corp. during the coming months when farmers will be moving the 1930 crop to market, unless in the meantime prices rise to the level at which purchases were made [$1.15 to $1.18]. In no event will this 1929 stabilization wheat be thrown on the market...
...profit, helped to produce the next slump, arouse the ire of growers. This month Stabilization Corp. held its first annual meeting, reduced Mr. Kellogg to a vice president. Selected for president after a vain search among big grain men for a No. 1 executive was one George Sparks Milnor, an able, honest, small-scale miller of Alton...
...bought $120,000 worth of wheat through Continental Grain Corp. of Minneapolis but had failed to demand a warehouse receipt. Not until Continental went into bankruptcy was it found that the receipt had been hypotheticatecal as collateral by Continental for its own speculative trading. President Milnor's first announcement was that Stabilization Corp. had recovered the receipt for its grain...