Word: milnor
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Meanwhile the Farm Board's wheat stablization operations produced topsy-turvy economic results. In the face of a falling world market the Board bought Chicago wheat around 76? per bu., pegged the domestic price at that leve. George S. Milnor, president of Grain Stabilization Corp., declared: "Domestic conditions do not justify lower prices and this company will continue . . . to maintain the present or a higher level...
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...
...looked like Panic for a while, with millers cancelling their orders, traders dumping their holdings, farmers selling their crops. Then Mr. Milnor received from Chairman Legge of the Farm Board a blanket order to go into the pit and buy. He did, vigilantly spent at least $1,000,000 a day. He met every December offering at 73? per bu. or higher. When he finished, Grain Stabilization Corp. had added some 20,000,000 bu. of wheat to the 60,000,000 bu. it had held since last spring and the 24,000,000 bu. it had taken...
...Milnor felt satisfied, even triumphant, because the Stabilization Corp. had at last stabilized something. The Chicago wheat price had stayed where the Farm Board thought it ought to, 18? to 20? above Winnipeg and other world markets. The Board had turned its dismal failure of last Winter (TIME, March 10 et seq.) into a signal success. Wan but glad Mr. Milnor told newsgatherers: "I know that not only in grain circles, among millers, bankers and businessmen, but in Washington, a new attitude toward this action has developed overnight. If the Farm Board never did another thing, it will have justified...
...Grain Stabilization Corp.; George S. Milnor, general manager. This agency bought and now holds for the farm board 69.000.000 bu. of wheat...