Shortly after Russia invaded Finland last November, the U. S. was shocked to find that Russian purchases in the U. S. (copper, aluminum, machinery) were soaring. So the State Department slapped a moral embargo against the export of strategic goods to Russia. And in February, Secretary Morgenthau persuaded U. S. machine tool makers (who were doing a big business with Moscow) to give their fellow citizens priority. U. S. sales to the U. S. S. R. plummeted from $11,313,000 (January) to $499,000 (May).

Last week, after a confab between Secretary Hull and Russian...

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