Milling & Baking News - May 4, 2010 - 53

Archive 

2000
Shares of Bestfoods jumped
nearly 25%, to $63 per
share, the day after the company's board of directors
announced it had received
and unanimously rejected
an unsolicited cash takeover
offer from Unilever of $18.4
billion, more than twice
Bestfoods' annual sales.
Novopoint, an Internet
business-to-business exchange formed in March by
Cargill, Inc. and Ariba, Inc.,
has named Robert Schult as
its chief executive officer.
He most recently was president and chief operating officer of Nestle USA, Inc., an
$8-billion business.
Imperial Sugar Co. will
cease sugar beet processing
at the end of 2000 at plants
in Tracy and Woodland, Calif., the company said.
William Howard Flowers Jr.,
retired chairman of Flowers
Industries, Inc.,
died May 2 at
Flowers
his home in
Thomasville,
Ga. He was 86 years old.
In response to changes in
the pasta industry that primarily have been caused by
consolidation over the past
30 years, the chairman of the
National Pasta Association

announced at the 96th
annual meeting in San Antonio that the association
would no longer operate in
the same capacity as it has
for many years.

(HFCS) plants, including
those currently in operation
and those scheduled for construction, is approximately
8,860 million lbs, wet basis,
according to data compiled
by Milling & Baking News.

The Cenex
Harvest States
Cooperatives
board of directors announced
that it has
Johnson
named John
D. Johnson as
president and chief executive officer of the producerowned co-op.

Continental Grain Co. has
agreed to pay $25 million to
families of 35 persons who
were killed and 13 who were
injured in an explosion at
the company's export grain
elevator at Westwego, La.,
in 1977. The payments represent the largest personal
injury settlement ever made
in this part of the country.

 1980
Roy Bush, 51, vice-president
and director of
purchasing for
Quality Bakers of America
Cooperative,
Inc., Greenwich, Conn.,
Bush
died suddenly
May 2 at a
Greenwich hospital. He succumbed to a heart attack.
Henry Metz Jr., 83, founder
of Metz Baking Co., Sioux
City, Iowa, died May 5.
George E. Swarbreck, executive vice-president of Association of Operative Millers,
will retire effective July 31,
1981, at his request.
Total production capacity
of high-fructose corn syrup

At a meeting of the
Federal
Grain Inspection
Service
in Kansas
City, P.R.
(Russ) Daly, Cargill, Inc., Kansas City, was one of several
members of the Kansas City
Board of Trade to attend.

1940
Market developments that
followed in the wake of serious Allied war reverses in
Europe established the past
week as one of the most
extraordinary in all history
for the flour and grain trade.
Wheat futures suffered
the worst collapse ever recorded, the market on three
days reaching the maximum

permissible decline of 10c a
bu for each session.
Probably the broadest decision against price agreements and price control
ever handed down by the
Supreme Court of the United
States was rendered last
week by Justice William O.
Douglas in the Madison oil
case. In this decision, Justice
Douglas ruled that "reasonableness" of the restraint arranged on price competition
constitutes no defense under
the Sherman Anti-Trust Law.
"Unless all the bakers decide to bake vitaminized
bread only, and advance
prices uniformly, the distribution of the special, reinforced bread may become
a difficult one if the baker
does not have a well-defined and steady market for
a specialty loaf."
- C.H. Bailey, University of
Minnesota, speaking before
the Millers' National Federation meeting
T.H. Ramsay, prominent
banker and stockman of Red
Bluff, Calif., a director of
Shellabarger Mill & Elevator
Co., suffered fatal injuries in
the Shellabarger plant May
18 when he fell from a manlift in the plant. Mr. Ramsay
was apparently carried over
the top of the manlift and
plunged down the shaft.
He might have become confused when he reached the
top floor. MBN

Shawnee Milling Company
www.shawneemilling.com

r

SHAWNEE FLOUR
Bakers, H & R
Food Service/Retail
Private Label
All Purpose
Self-Rising
Whole Wheat
Custom Mixes

SHAWNEE CORN MEAL
White/Yellow
Meal, Flour, Cones, Coarse
Self Rising
OKEENE FLOUR
Bakers, Pastry, Whole Wheat

Good Millers Since 1906
sgarlow@shawneemilling.com
54 / May 4, 2010 Milling & Baking News

S H A W N EE .
A SYMBOL OF QUALITY

Shawnee Milling Company
P.O. Box 1567
Shawnee, OK 74802-1567
405-273-7000
Okeene Milling Company
P.O. Box 1000,
Okeene, OK 73763
580-822-4411
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Milling & Baking News - May 4, 2010

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