Indianapolis Times, Volume 43, Number 173, Indianapolis, Marion County, 28 November 1931 — Page 14

PAGE 14

FARM BOARD'S HIGH-SALARIED MEN QUIZZED Details of Heavy Selling of Wheat at Pegged Prices Related. BY LYLE C. WILSON I nited Pres* Staff ( orrmnondrnt WASHINGTON, Nov. 28.—Details of grain stabilization operations showing that the government was a heavy seller of wheat at one time during the period of pegged prices, were given Friday by George S. Milnor to the senate agriculture committee. Milnor Ls a $50,000 a year executive of fi-e stabilization corporation and thr Farmers' National Grain Corporation, both sponsored and the former controlled by the farm board. Milnor said wheat prices were pegged from November, 1930, to June 3, 1931, at 81 cents for Chicago and 73 cents for Kansas City. In response to questions from Senator Thomas iDem., Okla.), Milnor said that on Nov. 18 the stabilization corporations bought 8.065,000 bushels of wheat and on Nov. 19 bought 700.000 bushels. On the three succeeding days it sold an aggregate of 6.990,000 bushels. It has been reported since that time that the corporation was seeking to “retard prices.” The witness told Thomas it was not the intention of the stabilization corporation to retard prices, but that it was found that the pegged prices could be maintained better, if violent fluctuations were discouraged. Several senators were interested in Milnor’s salary, all of which now comes from the privately owned Farmers’ National Grain Corporation. He told them the highest income he ever received as president of the Sparks Milling Company, Alton, 111., was $36,000. Chiropractor Sued Bn Timrs fiprrial WARSAW, Ind„ Nov. 28.—Dr. H. B. Murray, a chiropractor, is defendant in a $3,000 damage suit filed by a patient, Mrs. Bessie Akins, who alleges improper treatment. She charges that her spine was recklessly bent and that despite her protests and cries of anguish, the chiropractor did not desist, but instead, laughed.

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